OVERVIEW OF VANTAGE
Vantage is amongst the top forex broker with a large customer base worldwide. That’s why we have decided to review in terms of security, credibility, price structure, customer support and other areas. Our Vantage review will help you in deciding whether to go for it or not.
Vantage is a well-regulated forex broker by the financial jurisdiction of tier-1 and tier-3, including The Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority. The broker platform offers a variety of financial assets, including comex, forex, cryptocurrencies, shares CFDs, energies and commodities to trade with. You can trade on platforms such as MT4, MT5 & trading view. Also, Vantage has its own mobile trading app designed to provide clients with a hassle-free trading experience. However, as compared to other leading brokers, the mobile app of Vantage is not that competitive.
- Minimum Deposit: $50
- Trust Score: 91
- Tradeable Symbols (Total): 1000
There are different types of accounts with different features to start trading on this platform, including Standard, Raw spreads and pro accounts. Also, the platform offers Islamic account that fully complies with Shariah law for traders who only trade in such accounts.
You just have to pay a decent administration fees for these accounts. While the commission and spreads with each account type differ, you can choose the best one that suits your need.
VANTAGE REVIEW
Vantage is amongst the best platform for beginners. It provides outstanding copy trading facilities, so one with the least market knowledge or traders who rarely trades can copy the ideas of experts. The broker offers three platforms, including Zulu Trade, Dupli Trade and MY FX Book, for social trading. You can get access to the platform’s most accurate trade signals, education material, webinars, blogs, videos, smart analysis and research tools.
The pricing structure of Vanatage is comparatively low. You can open an account with traders for only 50 Dollars. Also, there are many premium features like access to economic calendars, powerful charting and trading tools for pro traders. However, you need a minimum account balance of $1000 to access such tools. One of the key features of Vantage Broker is it gives exciting offers like 50% off for new account holders, bonuses, rebates, and discounts to promote its services.
Also, the platform offers 24/7 customer support and dispute resolution services. So, in case of any queries or complaints, you can contact them. It also provides the facility to file a complaint on the website. In terms of safety aspects, the platform takes all the regulatory measures to provide the clients with a secure and transparent system.
OUR ASSESSMENT OF VANTAGE
We have analyzed and compared Vantage’s products and services and found that it is an overall trustable platform. It has an experience of more than a decade and over a lakh active clients worldwide. It is present in almost all major economies, such as Germany, France, the UK, Sweden, etc. However, the platform does not accept clients from the USA due to regulatory issues.
You can get high leverage up to 1:500. The platform is famous for providing uncomplicated withdrawal and deposit facilities. It does not charge any inactivity or withdrawal fees from traders. It has a well-maintained website and social media presence which is a must. Also, the platform has a good previous performance track record and you can check previous clients’ review before subscribing to the services.
Vantage Brokers offer the facility of a demo account. So you can try and test the platform by yourself and analyze its services. platform. However, for vantage brokers, the pros outweigh the cons.
Like any other platform, there are both advantages and disadvantages to subscribing to this platform. However, for vantage brokers, the pros outweigh the cons.
Summary
As per our Vantage review, it is an overall good forex broker with some excellent features. The platform protects clients against negative account balances and segregates clients’ funds to eliminate scams’ chances. Also, the platform asks for documentation and personal information when opening an account. But it is only for the security of the clients.
Vantage offers variety of financial assets and trading options that too at low cost. Based on our assessment, we give Vantage an overall trust score of 91 out of 100 and a four-point four rating on a scale of one to five. However, it is advisable to open a demo account first to analyze the strength and weaknesses of the platform yourself.
Pros
- The best part about the platform is it provides some of the most useful trading tools, including economic calendars, customizable automated and crypto trading systems, education, indicators, and technical and fundamental analysis tools. So you can get access to all the trading tools at a single destination.
- Vantage also has indemnity insurance to protect for safe and regulated trading. Under this, traders will be protected against the huge losses caused due to errors or negligence. In the forex market, one can earn and lose significant money. Therefore such insurance is a must for risk management.
- The Forex broker platform offers quality video content available on youtube channels. You can get access to educational videos on different topics, and that too for free. Besides video content, it organizes several webinars and masterclasses for novice traders.
Cons
- Although Vantage Brokers offers trading in various instruments, including forex, comex, shares, indices and energies. However, stocks and crypto CFDs trading is not available for UK residents. There are limited CFDs products to trade on the platform. Also, protection against negative balance is limited to UK clients.
- The platform claims to provide 24/5 customer support. However, the quality of the customer support system is not that good. Also, they are less responsive and irrelevant to traders’ queries. The quality of research and analysis tools is not up to the current market standards.