Note: Vantages official site - https://www.vantagemarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Founded in 2009, VANTAGE GLOBAL PRIME PTY LTD (short for “Vantage Markets”) is a brokerage firm registered in Australia, offering its clients access to a wide selection of trading instruments with leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types.
This brokerage firm has three entities under regulation in its jurisdiction:
Vantage International Group Limited, authorized and regulated by the Cayman Islands Monetary Authority (CIMA), with Regulatory License Number: 1383491
Vantage Global Prime Pty Ltd, regulated by the Australian Securities and Investments Commission (ASIC), AFSL No. 428901
Vantage Global Prime LLP, authorized and regulated by the Financial Conduct Authority,(FCA), with Regulatory License No. 590299
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Vantage allows its clients to have access to a massive market. Forex, Indices, Energy, Soft Commodities, Precious Metals, US Equity CFDs, UK & European Equity CFDs, and Australian Equity CFDs are all available on this brokerage platform.
Account Types
Vantage offers three tiered trading accounts to satisfy different traders trading needs. Standard STP account is for novice traders who want direct market access with no commissions applied. Raw and Pro accounts are designed for experienced traders who pursue high liquidity and ultra-low spreads. To open a standard account, you need $200, and if you want to open a Raw account, $500 is required. Pro ECN account is designed for traders with high volume, which requires an account opening amount of $10,000.
Leverage
Vantage offers the maximum trading leverage of up to 1:500, a generous offering, ideal for professionals and scalpers. However, inexperienced traders are advised not to use such a high leverage level in case of heavy fund losses.
Spreads & Commissions
When it comes to the core part of the forex trading spread, it varies depending on the account type and trading asset. The EURUSD spread in the standard STP account starts from 1.4 pips, 1.6 pips on GBPUSD, 1.4 pips on AUDUSD, and 1.5 pips on USDJPY, with no additional commissions. The spreads in the Raw account and the Pro account are almost the same, with the EURUSD pair from 0.0 pips, GBP/USD from 0.5 pips, with additional commissions required, USD currency with a commission of $6 round turn per lot, GBP currency with a commission￡5 round turn per lot.
Trading Platform Available
Vantage offers traders the most popular online forex trading terminals on the market- MT4 and MT5 trading platforms. MT4 trading platform from VANTAGE FX comes with a wide range of powerful chart types and supports desktop, web, and mobile devices, etc. MT5 offers a full suite of trading needs, including forex, commodities, and indices, with all quotes from liquidity providers at your fingertips. MT5's two account types (Equity and Hedge) make it easier for traders to manage their accounts in the way they want.
Deposit & Withdrawal
Vantage offers several flexible deposit options, consisting of Domestic EFT (AUD), Domestic Express Transfer (for Australia only), International EFT (AUD, USD, GBP, EUR, SGD, NZD, CAD), BPAY (for Australia only), POLi Payments (for Australia only), credit/debit cards of Visa/MasterCard (AUD, USD, GBP, SGD, JPY, NZD, CAD), JCB (JPY), China UnionPay (USD), Skrill & Neteller (AUD, USD, GBP, SGD), Broker Interchange, FasaPay (USD), Thai Bank Instant Wire Transfer (USD).
The broker does not charge any internal fees for any deposits/withdrawals. However, outgoing and incoming deposits from foreign banking institutions may be subject to brokerage fees for either party, these fees are not controlled by Vantage, and the user is responsible for the costs incurred.
Customer Support
Vantage can be reached by telephone:+44 2080363883, QQ: 4007209515, email: support@vantagefx.com. Moreover, they are also some social media platforms, including Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: iCount Building, Kumul Highway, Port Vila, Vanuatu
Pros & Cons
Frequently Asked Questions (FAQs)
2022-11-25 11:57
2022-12-15 18:20
