Vantage Africa Review 2024

Highlights of Vantage SA

Spread fromEURUSD0pips

Trading Assets

Forex Indices Stocks Bonds ETF Precious Metals Energy Carriers Soft Commodities

Trading Platforms

MetaTrader 5 MetaTrader 4 Premium Trader TradingView

4.6/5

More DetailsRegisterTrading CFDs carries high risks. You may lose all invested funds

About Vantage SA

Founded in 2009

Countries of registration:

Regulators:

VFSCCIMAASICFCAFSCA

4.6/5

More Details

RegisterTrading CFDs carries high risks. You may lose all invested funds

Countries of registration:

Regulators:

VFSCCIMAASICFCAFSCA

Trading Assets

ForexIndicesStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities

Trading Platforms

MetaTrader 5MetaTrader 4Premium TraderTradingView

Deposit/withdrawal:

compare Vantage SA trading accounts

Vantage is a global forex and CFD broker regulated by ASIC in Australia, FCA in the United Kingdom, FSCA in South Africa, VFSC in Vanuatu, and CIMA in the Cayman Islands.

Vantage offers low trading commissions and free withdrawals. The account opening process is straightforward and user-friendly, allowing you to start trading quickly. A variety of educational tools, including webinars and a demo account, are available, making the broker appealing to novice traders.

Pros and Cons of Vantage SA

Vantage SA Broker Overview

Vantage is a global multi-asset broker providing CFD trading services on Forex, commodities, indices, and stocks. Founded over 10 years ago and based in Sydney, it employs over 1,000 people in more than 30 offices worldwide.

Vantage is not just a broker; it is a trusted trading ecosystem that enables clients to succeed faster and more straightforwardly. The company aims to allow its clients to better capitalize on winning market opportunities by offering innovative trading solutions under the Vantage brand.

Vantage SA Review Summary

The evaluation of Vantage broker is based on a comprehensive analysis, including examining trading platforms, available markets, educational materials, and technical support. We apply a strict evaluation methodology, which can be studied in detail on our website at the link: broker evaluation methodology. Continue reading to learn more about all aspects of working with Vantage Markets and determine if it meets your requirements and expectations.

Legal Entity	Regulator	Review
Vantage Global Limited Vantage Global Limited	VFSC VFSC	—
Vantage International Group Limited Vantage International Group Limited	CIMA CIMA	Vantage review
Vantage Global Prime Pty Ltd Vantage Global Prime Pty Ltd	ASIC ASIC	Vantage AU review
Vantage Global Prime LLP Vantage Global Prime LLP	FCA FCA	Vantage UK review
Vantage Markets (PTY) Limited Vantage Markets (PTY) Limited	FSCA FSCA	Current review

Vantage demonstrates high reliability and regulation, confirmed by licenses from various authoritative regulators in different jurisdictions. Among them are VFSC in Vanuatu, CIMA in the Cayman Islands, ASIC in Australia, FSCA in South Africa and FCA in the United Kingdom. These bodies are known for their strict approach to regulating and controlling financial institutions' activities.

The variety of licenses and geographic presence in different regulatory jurisdictions allows for a high level of confidence in the reliability of the Vantage broker. This ensures that the company's clients are protected by strict standards and laws, protecting their global market interests.

Regulation in South Africa

In South Africa, Vantage operates under the regulation of the Financial Sector Conduct Authority (FSCA), which is critical in overseeing the financial market and protecting investors. The FSCA’s mandate includes ensuring fair treatment of investors, enhancing and supporting the efficiency and integrity of the financial markets, providing financial education and promoting financial literacy.

Under the FSCA’s oversight, Vantage adheres to strict operational guidelines and compliance standards, including properly handling client funds and ensuring transparent financial practices. While South Africa does not have an official financial services compensation scheme like some other jurisdictions, the FSCA’s stringent regulatory framework aims to mitigate risks and protect traders through rigorous supervision and enforcement of financial laws.

This regulatory framework in South Africa further bolsters the overall reliability of Vantage as a broker, ensuring that its clients are trading within a secure and well-regulated environment. It reinforces Vantage's commitment to maintaining high financial integrity and investor protection standards across its global operations.

Opening a trading account with Vantage is a simple and quick process, which can be completed in just 5 minutes. The procedure includes several vital stages: registration and verification.

Registration

Registering an account with Vantage begins with filling out an online form, where you can sign up using Google or an email address. The user must also agree to the Privacy Policy and consent to communication with a Vantage Markets representative for assistance with the application.

Verification

Verification of the account requires providing documents that prove identity. This may include a valid passport, a photo driver's license, or a national identification card. Additionally, documents confirming the current permanent address, such as utility bills or bank statements, must be provided. All documents must be clear and no older than 3 months. Verification usually takes up to 24 hours.

Minimum Deposit

Vantage offers its clients the opportunity to open a trading account with a minimum deposit of just $50 for all trading accounts.

Vantage offers a variety of account types, which can meet the needs of most traders, from beginners to professionals. Standard accounts, ECN accounts, cent accounts, and copy trading provide flexibility and various options for different strategies and trading styles.

Trading Accounts

Vantage offers a variety of trading account types to satisfy the needs of different categories of traders. Here is a brief overview of each:

• Standard. This STP account is ideal for novice traders who want simple, direct market access without commissions.
• Raw. This ECN account is designed for experienced traders who require deep liquidity and tight spreads.
• Pro. The Pro ECN is developed for professional traders and asset managers trading large volumes.
• Cent. The Cent account is tailored for beginners and those testing strategies, offering micro-lot trading and a lower initial deposit.
• Premium. The Vantage Premium Account is ideal for traders seeking advanced features and greater flexibility.

Each account offers various currency pairs, indices, ETFs, commodities, stock CFDs, and various trading platforms, including MT4/MT5 for Mac, WebTrader, and mobile applications. This ensures flexibility and choice for traders of all experience levels.

Demo Account

The Vantage demo account provides an excellent opportunity for novices and experienced traders to practice trading without risk. Here are the main features and benefits of the demo account:

• Virtual funds. The demo account provides $100,000 in virtual funds for practice, allowing you to test various trading strategies without the risk of losing real money.
• Duration of the demo account. The Vantage demo account is valid for 30 days. However, upon opening a real trading account, traders receive an unlimited demo account with no expiration date.
• Funds replenishment. You can easily reset your demo account balance to $100,000 by clicking on the ‘$’ symbol in the 'Reset Balance' column and specifying the desired amount.
• User-friendly interface. The demo account is particularly suitable for beginners as it offers various trading tools and is easy to use.

The Vantage demo account is an excellent tool for learning the basics of trading and for experienced traders who wish to test new strategies and ideas in a safe and controlled environment. It allows traders to confidently transition to actual trading, enriching their experience and skills without the risk of capital loss.

Islamic Account

Islamic Forex broker accounts are specifically designed for traders who cannot earn or pay swaps due to religious beliefs.

Features of the Vantage Islamic Account

• Account Types. Vantage offers Swap-free versions for both Standard and Raw accounts.
• Access to liquidity. Traders can utilize Vantage's institutional liquidity, which is directly streamed from the most prominent institutions to MT4.
• No swaps. Accounts do not charge any swaps in compliance with Islamic financial laws.

How to Open an Islamic Account?

To open an Islamic account, complete a simple online application and provide the requested identity verification documents.

Additional fees

Islamic accounts are charged standard STP, or Raw ECN spreads according to the selected account type. Vantage passes on specific charges, which their liquidity providers levy, for maintaining open positions. This administrative fee is calculated at 00:00 platform time and applied at 1:00 AM platform time.

Copy Trading

Vantage offers a unique copy trading opportunity, allowing traders to replicate the portfolios of experienced traders with just one click. This feature makes market entry more accessible for beginners and allows seasoned traders to expand their strategies.

Key Components of Vantage Copy Trading

• Signal Provider. These Vantage traders share their trades publicly for copying by other users.
• Copier. These are Vantage users who copy the publicly shared trades of Signal Providers.

Features and Conditions of Copy Trading

• Copying multiple signal providers. It is possible to copy trades from various signal providers simultaneously, allowing portfolio diversification.
• Start/stop copying. Copying can be started or discontinued anytime, even when the market is closed.
• Minimum amount. The minimum amount for copying trades is just 200 US dollars.
• Manual closing of trades. As a copier, you can manually close your trades at any time.
• There is no limit on the number of signal providers. There is no limit to the number of signal providers whose trades you can copy.
• No subscription fee. There is no fee for copying, although spreads and transaction fees may apply.

How to start copying trades?

To begin copy-trading with Vantage, opening a standard trading account is unnecessary. New users can immediately open a copy-trading account, while existing users can navigate to their profile page to open such an account.

Copy-trading with Vantage offers a flexible and accessible way to participate in the market, suitable for traders of all experience levels. It allows one to benefit from the experience of others while maintaining control over one's portfolio.

Vantage Rewards Loyalty Program

Vantage Rewards is a unique loyalty program that rewards active traders on the Vantage platform. It offers many benefits and rewards that can be earned through trading and completing various missions.

How does it work?

1. Open a real account and fund your deposit. Start by opening and funding a real account to access Vantage Rewards' benefits.
2. Trade to earn V-Points. Earn V-Points for every trade. You can increase your level to achieve more V-Points.
3. Complete missions. Earn additional V-Points by completing daily, weekly, and monthly missions.
4. Use rewards. Exchange V-Points for cash, discounts, vouchers, and other incentives.

Levels and Benefits

The Vantage Rewards program includes various levels, each offering its benefits:

To maintain their current level, traders must close at least 10 trades during a 90-day maintenance period.

The Vantage Rewards loyalty program allows traders to trade and earn additional rewards for their activity. From beginners to experienced professionals, every trader can find something valuable in this program. With the ability to earn V-Points and exchange them for various incentives, Vantage makes trading more exciting and profitable.

Free VPS

Vantage offers its clients the opportunity to use free Forex VPS (Virtual Private Server) hosting, an essential tool for serious traders.

Why use Forex VPS?

Forex VPS provides an external server to manage trading connectivity, ensuring the MetaTrader 4 platform operates 24 hours a day. This eliminates downtime caused by electrical or computer issues and allows Forex trading robots to run continuously.

How to get free Forex VPS hosting?

To get free VPS hosting at Vantage, clients must deposit at least $1,000 and select a VPS provider at their discretion. After activating the VPS account, the client must close trades with a total trading volume of at least $1 million monthly.

After meeting these conditions, the client can credit their account and receive a VPS cost refund of up to $50 directly to their trading account. The limit is one VPS per client.

This service is an attractive addition to Vantage's trading capabilities and can be especially useful for those who use automated trading strategies.

Commissions are an essential factor when choosing a broker, and Vantage offers various commission structures that can suit different types of traders.

Trading Commissions

Forex broker trading commissions typically consist of a commission per lot, spreads, and swaps. The type of commission and its size depend on the trading account.

Commission per Trade

The Raw Vantage account charges a commission of $3 per lot per side. This is an average value in the market and may be acceptable for many traders looking for a transparent commission structure.

Below is the commission per lot per side for the EURUSD pair at different Forex brokers:

Spreads and Swaps

Spreads on the standard Vantage account are comparable to most competitors, while swaps are below the market average. These core trading costs vary depending on market conditions but are competitive and meet industry standards.

Below is a table of average spreads and swaps for major currency pairs on the standard Vantage account.

Other Fees

Vantage stands out by not charging an inactivity fee, which is an advantage for those who trade less frequently. In addition, the company does not charge internal commissions for deposits or withdrawals. However, it should be noted that international bank transfers may be subject to a minimum processing fee of 20 units of the account's base currency by Vantage's bank. This may affect traders who make frequent international transfers.

Vantage offers convenient and flexible account funding and withdrawal options with minimal or no internal fees. However, some restrictions and rules may complicate the process for some clients, especially those in certain jurisdictions or using specific payment methods.

Account Funding Methods

Payment System	Currencies	Deposit Fee	Operation Limit
Neteller	USDEURGBP. . .show all	0%	up to 10000 USDup to 10000 EURup to 10000 AUD. . .show all
Skrill	USDEURGBP. . .show all	2.99%	up to 10000 USDup to 10000 EURup to 10000 GBP. . .show all
AstroPay	USD	0%	up to 10000 USD
FasaPay	USD	0%	up to 10000 USD
Swift	USDEURGBP. . .show all	0%	up to 10000 USDup to 10000 AUDup to 10000 EUR. . .show all
Visa	USDEURGBP. . .show all	0%	up to 10000 USDup to 10000 EURup to 10000 AUD. . .show all
Mastercard	USDEURGBP. . .show all	0%	up to 10000 USDup to 10000 EURup to 10000 AUD. . .show all

Vantage offers flexible account funding options to expedite the trading start process. Clients can open accounts and deposit funds in the following currencies: AUD, USD, EUR, GBP, NZD, SGD, JPY, CAD, and PLN. However, it should be noted that Skrill/NETELLER is no longer available for clients from certain countries, and there are restrictions on maximum deposits of 10,000 base currency units (except for HKD and JPY).

Withdrawal Methods

Payment System	Currencies	Withdrawal Fee	Operation Limit
Skrill	USDEURGBP. . .show all	1% limitscommission limits	—
AstroPay	USD	0.5%	from 5 to 10000 USD
FasaPay	USD	0.5% limitscommission limits	from 0.1 to 25000 USD
Neteller	USDEURGBP. . .show all	2% limitscommission limits	up to 500000 USD
Swift	USDEURGBP. . .show all	0% limitscommission limits	—
Mastercard	USDEURGBP. . .show all	2.64% limitscommission limits	—
Visa	USDEURGBP. . .show all	2.54% limitscommission limits	—

Clients can withdraw funds online by logging into the secure Vantage client portal and selecting the withdrawal tab from the menu. Ensuring that the requested amount meets or exceeds the minimum amount for each withdrawal method is essential. Vantage does not charge internal fees for deposits or withdrawals; intermediary fees may apply, which are the client's responsibility. There are certain restrictions and rules, such as mandatory verification for the first withdrawal request, fees for withdrawals through Neteller and Skrill, and a minimum fee for international wire transfers. Furthermore, Vantage reserves the right to refuse to process a withdrawal request under certain circumstances related to Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws, as well as if there is reason to believe that the trading account may become negative after processing the withdrawal request.

Vantage offers a relatively wide range of trading instruments. Leverage also varies depending on the type of instrument, reaching a maximum of 1:1000 for some categories.

However, it should be noted that the list of available products does not include cryptocurrencies, which may be a disadvantage for some investors interested in this growing market segment.

What markets are available?

Leverage

Leverage may differ for different types of instruments.

Vantage trading platforms are highly rated for their convenient and functional structure. Clients are offered various platforms, including the Vantage mobile app, MetaTrader 4, MetaTrader 5, Premium Trader, and TradingView. These platforms provide traders access to powerful trading tools, various technical indicators, and flexible chart settings. ProTrader, in particular, deserves special mention for its unique analytical and trading capabilities.

Vantage Mobile App

The Vantage mobile application provides traders convenient access to global markets trading from mobile devices. Available for iOS and Android, the app is equipped with tools for trading and investing, including technical indicators such as Moving Averages, Bollinger Bands, MACD, and 9 timeframes. The app offers quick access to over 1000 instruments, account management, news, and analytics from Trading Central.

MetaTrader 4

MetaTrader 4 is one of the most popular trading platforms in the world. It offers a wide range of market analysis tools, the use of trading robots, and strategy testing. With MT4, traders can enjoy flexible chart settings, many technical indicators, and a user-friendly interface for efficient trading.

MetaTrader 5

MetaTrader 5 continues the successful MetaTrader platform series and offers even more features and tools for professional trading. With MT5, traders gain access to additional timeframes, an economic calendar, enhanced charting capabilities, and much more. This platform is ideal for those seeking advanced trading technologies.

Premium Trader

Premium Trader, developed in collaboration with TradingView, offers clients access to hundreds of popular indicators, over 50 technical drawing tools, and a comprehensive set of tools for in-depth market analysis. The platform features 12 charts, including traditional Japanese candles, Renko, and Kagi, as well as many timeframes and chart layouts. With Premium Trader, traders can execute trades with high precision, choose from over 1000 tradable CFD assets, and stay updated with market news.

TradingView

TradingView is a high-performance financial data visualization platform that is available as a web service. It provides an extensive set of tools for technical analysis, charting, asset screening, trading signals, and the ability to trade directly through the platform.

A key feature of TradingView is integrating social features that allow users to share trading ideas and strategies, make forecasts, and discuss market trends in real-time. Individual trading ideas can be easily visualized and available for discussion with other community members.

TradingView appeals to beginners, experienced traders, and analysts because it supports various financial instruments, including stocks, forex, futures, options, cryptocurrencies, and many others.

How do I connect my Vantage account to TradingView?

Vantage is tightly integrated with TradingView, allowing traders to perform complex market analysis and execute trades through the TradingView interface. Follow the steps below to get started:

1. Log in: First, log in to your TradingView account.
2. Opening the Trading Dashboard: After that, go to www.tradingview.com/chart and open the trading dashboard.
3. Selecting Vantage as your broker: On the trading panel, select Vantage and enter the details to access your live or demo account with the broker.

These steps will help you effectively utilize TradingView's features to manage your investments through Vantage.

Vantage's analytical capabilities encompass a broad spectrum of tools and services designed to support traders of all levels.

Daily Market Analysis

Vantage provides its clients with up-to-date daily analytical reviews, which help traders stay informed of the latest trends and events in global markets.

Economic Calendar

With Vantage's Forex economic calendar, traders can keep track of important economic events and releases that can impact currency pairs and other financial instruments.

Forex Sentiment Indicators

These unique indicators allow for gauging the overall market sentiment, providing traders with valuable information about current bullish and bearish trends.

Smart Trader Tools

The Smart Trader Tools package allows Vantage MT4 and MT5 platforms to compete with the most advanced institutional trading platforms. It includes:

• Alarm Manager. Automated notifications and trading based on predefined rules.
• Correlation Matrix. A correlation matrix for analyzing the relationships between various symbols.
• Correlation Trader. A tool for comparing correlation patterns and trading directly from the instrument.
• Excel RTD Link. Integration with MS Excel for real-time analysis and rule creation.

Calculators

Vantage's calculators are designed to assist traders in precise calculations, such as position size, risk, and profit, making the decision-making process more informed.

Daily Forex Signals

In partnership with Trading Central, Vantage offers daily signals and technical analyses, helping traders identify potentially profitable opportunities in the Forex market.

ProTrader Tools

These tools provide traders with premium access to exclusive analytical data, trading setups, and real-time news, making trading more informed and strategic.

Market Buzz

The next-generation news service, Market Buzz, reviews and analyzes more than 35,000 tradable assets, including currencies, commodities, indices, and CFD stocks.

Featured Ideas

This section provides personalized trading ideas and setups based on proven and tested strategies, giving traders access to educational materials and live charts of actual trades.

Vantage offers extensive educational resources, including detailed guides, up-to-date articles, educational webinars, and specialized courses on Forex market trading. These materials can be helpful for traders of all levels, from beginners to professionals, and cover various aspects of trading.

Guides and Articles

The broker offers extensive guides and articles covering various trading aspects, from basic concepts such as "How to Trade Indices" to more advanced topics like comparing options and stocks. These materials can be helpful for both beginners and experienced traders.

Vantage also regularly publishes up-to-date articles that analyze current market trends, such as S&P 500 stocks to watch during earnings season or analysis of ESG stocks. These materials can help traders stay informed about the latest news and opportunities in the market.

Educational Webinars

The broker conducts regular free webinars that allow traders to deepen their knowledge in various aspects of trading. From analyzing specific currency pairs to an introduction to trading based on Price Action, these webinars offer valuable knowledge from experts in the field. Missed sessions are also available for viewing in the archive.

Forex Trading Course

Vantage also offers a specialized article-based course on Forex trading. This course covers various topics, including an overview of the Forex market, market analysis, and trading psychology.

Vantage technical support offers various communication channels, including email, phone, and live chat, as well as a unique remote support service through TeamViewer. This ensures flexibility and accessibility for clients. However, mixed customer reviews indicate inconsistent service quality, especially regarding response speed and the effectiveness of provided solutions.

Email Support

Clients can contact support through various email addresses depending on their needs:

• General inquiries: support@vantagemarkets.com
• Media: media@vantagemarkets.com
• Marketing: marketing@vantagemarkets.com
• Partnerships: partnerships@vantagemarkets.com
• Complaints: complaints@vantagemarkets.global
• Account opening inquiries: accounts@vantagemarkets.com

Phone Support

Phone support is available for clients from different regions:

• United Kingdom: +44 (0) 20 7043 5050
• Australia: 1300 945 517
• Other areas: +1 (345) 7691640

Support via TeamViewer

Vantage also offers a unique 1-on-1 remote support service through TeamViewer. This service allows the support team to connect to the client's computer and address issues directly.

Support Reviews

Reviews on TrustPilot about Vantage's technical support are mixed. Some clients praise the speed and efficiency of the service, while others express dissatisfaction with delays in fund withdrawals and insufficient support from the helpdesk.

Conclusion

Vantage SA broker offers various trading instruments and platforms, making it attractive for multiple traders. The availability of extensive analytical tools and educational materials can benefit novice traders looking to deepen their knowledge.

Vantage Africa could be a good choice for intermediate and advanced traders seeking a variety of trading instruments and platforms. This broker may not be suitable for those looking for specialized cryptocurrency opportunities or more personalized support.

FAQ

Is Vantage SA legit?

Yes, Vantage SA is a legitimate broker. It is regulated by FSCA in South Africa.

Which country is Vantage SA from?

Vantage SA is headquartered in South Africa, specifically in Cape Town.

Is Vantage SA an ECN broker?

Yes, Vantage SA operates as an ECN (Electronic Communication Network) broker, providing direct market access to its clients.

How does Vantage SA make money?

Vantage SA makes money through spreads, commissions on trades, and other trading fees.

Is Vantage SA good for beginners?

Yes, Vantage SA is suitable for beginners due to its user-friendly platform, low trading commissions, and a variety of educational tools, including webinars and a demo account.

Does Vantage SA offer a demo account?

Yes, Vantage SA offers a demo account, which is ideal for practicing trading strategies and familiarizing yourself with the platform without risking real money.

How can I open an account with Vantage SA?

You can open an account with Vantage SA by visiting their website, clicking on the "Open an Account" button, and following the registration process, which includes filling out personal information, verifying your identity, and funding your account.

How can I delete my Vantage SA account?

To delete your Vantage SA account, you need to contact their customer support team via email or live chat and request an account closure. They will guide you through the necessary steps.

What is the minimum deposit for Vantage SA?

The minimum deposit for Vantage SA varies depending on the type of account. For standard accounts, the minimum deposit is typically $50.

What is the maximum leverage on Vantage SA?

The maximum leverage offered by Vantage SA is up to 1000:1, depending on the financial instrument being traded.

How do I deposit funds in a Vantage SA account?

You can deposit funds into your Vantage SA account using various methods, including bank transfers, credit/debit cards, and electronic payment systems such as Skrill and Neteller.

How do I withdraw money from Vantage SA?

To withdraw money from Vantage SA, log in to your account, go to the withdrawal section, choose your preferred withdrawal method, enter the amount, and follow the on-screen instructions.

Does Vantage SA provide VPS?

Yes, Vantage SA provides VPS (Virtual Private Server) services for clients who need stable and high-speed connections for their trading activities.

Is Vantage SA suitable for scalping?

Yes, Vantage SA is suitable for scalping as it offers fast execution speeds and competitive spreads, which are essential for this trading strategy.

Is Vantage SA suitable for auto-trading?

Yes, Vantage SA supports auto-trading and is compatible with various trading platforms and tools, including MetaTrader 4 and MetaTrader 5, which facilitate automated trading strategies.

Is Vantage SA suitable for hedging?

Yes, Vantage SA allows hedging, enabling traders to open multiple positions in the same or opposite directions to manage risk effectively.