Vantage Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Refer to PDS and TMD on our website. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our research into Vantage indicates that it is an average choice for forex and CFD trading. With a comprehensive range of platforms and tools, fantastic MetaTrader implementation, and a good trust score, it can be suitable for many traders, though there are some areas where it could improve such as in education and research.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Extensive Platform Support: Offers MetaTrader 4, MetaTrader 5, and a proprietary platform.
- Solid Trust Score: Highly trusted with a score of 90, ensuring reliability.
- Varied copy trading offering: With support for multiple copy-trading platforms and MetaTrader add-ons, Vantage is a great choice for copy traders.
Cons
- Average Investment Offering: The range of tradeable symbols is below the industry average.
- Higher Spreads: The EUR/USD spread is slightly above the industry average at 1.3 pips for the standard account.
- High deposits required for some features: A few of the account types with the best pricing and some trading tools are only available to clients with substantial deposits.
Ratings Summary
- Investment Types - 7.0/10
- Commissions & Fees - 8.5/10
- Trading platforms - 8.0/10
- Research - 7.5/10
- Mobile Apps - 7.5/10
- Education - 7.5/10
- Overall - 8.0/10
Can I trust Vantage?
Vantage is a trustworthy broker with several important regulatory approvals. It is authorized by ASIC in Australia and the FCA in the United Kingdom. The broker holds a solid trust score of 90, indicating a rating of "Highly Trusted" according to ForexBrokers.com.
Vantage is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA)
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA)
- Tier-3 Regulators - None
- Tier-4 Regulators - Cayman Islands Monetary Authority (CIMA) and the Vanuatu Financial Services Commission (VFSC)
Is Vantage good for beginners?
While Vantage does provide an array of educational resources from videos to written content, most of it leaves much to be desired in terms of quality. It currently does not compete against the best-in-class brokers for educational content, but there is certainly an opportunity for growth and improvement in its existing offering.
| Feature |
Vantage
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Vantage commissions and fees summary
Vantage offers competitive fees with a highly recommended rating for its commissions and fees. However, a hefty minimum deposit is required to unlock some of the more competitively priced account types and features. The average spread cost for the EUR/USD pair on the spread-only standard account is 1.3 pips, slightly higher than the industry average of 1.08 pips. The commission-based Raw account has an all-in cost of 0.75 pips.
| Feature |
Vantage
|
|---|---|
| Minimum Deposit | $50 |
| Average Spread EUR/USD - Mini | 1.30 |
| Average Spread EUR/USD - Standard | 1.30 |
| All-in Cost EUR/USD - Active | 0.75 |
| Active Trader or VIP Discounts | No |
Vantage trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Vantage provides a strong selection of trading platforms and tools, making it an average choice for traders. It offers MetaTrader 4, MetaTrader 5, and its own proprietary platform.
Trading platforms offered: MetaTrader 4, MetaTrader 5, and a proprietary platform.
Trading tools: Comprehensive tools are available on all platforms. TradingView is entirely integrated with the MetaTrader suite.
Copy trading: Vantage supports copy trading with multiple platforms, allowing traders to mirror strategies of experienced traders.
| Feature |
Vantage
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | Yes |
Vantage trading platform screenshots
Mobile trading apps at Vantage
Vantage’s mobile trading apps are highly recommended. They offer robust functionality and are available for both MetaTrader platforms, ensuring a seamless trading experience on the go.
| Feature |
Vantage
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Vantage mobile app screenshots
How do I open an account with Vantage?
- Visit the Vantage website.
- Click on "Open an Account".
- Fill in the registration form with your personal details.
- Verify your identity by providing the required documents.
- Fund your account using one of the supported payment methods.
- Start trading.
What can I trade at Vantage?
Vantage offers 57 forex pairs and 1,000 tradeable symbols. While the number of tradeable symbols is below the industry average of 3,623, it still provides a diverse range of trading options.
| Feature |
Vantage
|
|---|---|
| Tradeable Symbols (Total) | 1000 |
| Forex Pairs (Total) | 57 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | Yes |
Vantage research screenshots
Account funding at Vantage
Vantage supports various funding methods including bank wires, Neteller, PayPal, credit cards, and Skrill.
| Feature |
Vantage
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About Vantage
Founded in 2009, Vantage is a well-established broker known for its comprehensive trading services. It operates under multiple regulatory bodies, ensuring a secure trading environment for its clients.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.