Vantage Review: Key Features, Pros & Cons
The trading world is full of broker platforms claiming to be the best. Vantage FX review shows that Vantage is one such platform that allows traders to buy or sell financial assets.
But whether it is the right platform or not is still a big question. In this blog, we will look at the vantage forex review in terms of fees, security, regulation, trust, and account. It will help you in analyzing whether the platform works for you or not.
- Minimum Deposit: $50
- Trust Score: 91
- Tradeable Symbols (Total): 1000
OVERVIEW OF VANTAGE Regulation and Safety
Vantage is among the top forex brokers and a liquid marketplace with a large customer base worldwide. We have decided to review vantage fx in terms of security, credibility, price structure, customer support, and other areas. Our vantage forex 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 commodities, forex, cryptocurrencies, shares, CFDs, energies, and commodities to trade with.
The trading platform has 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 has a well-maintained website, social media presence, and Vantage News coverage, which is a must. Also, the platform has a good previous performance track record, and you can check previous clients’ reviews, including Take Profit Trader Reviews, before subscribing to the services.
A quick glance
Yes, 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.
Vantage Offers Standard, Raw spreads, Pro, and Islamic accounts.
Yes, Vantage Brokers offers the facility of a demo account. So you can try and test the platform by yourself and analyze its services.
Yes, Vantage offers stocks and crypto trading products, but the instruments are limited.
Vantage offers a leverage of up to 1:500, which high as compared to other brokers.
VANTAGE FX REVIEW
Vantage is among the best platforms for beginners. But understanding in what features the platform outshines, and in what features it lacks is important. Here is a feature-specific review Vantage FX of the platform:
Vantage Customer Support:
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, covering Vantage Risk management effectively.
Vantage Fees & Spreads:
The pricing structure of Vantage is comparatively low. You can open an account with traders for only 50 Dollars. It does not charge any inactivity or withdrawal fees to traders. The spreads and commissions also vary based on the account type. You can check the broker’s website to find the exact price details as per trading accounts.
Vantage Copy Trading:
It provides outstanding copy trading facilities, so one with the least market knowledge or traders who rarely trade can copy the ideas of experts. The broker offers three platforms, including Zulu Trade, Dupli Trade, and MY FX Book, for social trading.
Vantage Management Applications:
You can trade on platforms such as MT4, MT5, MyVantage, and TradingView. Also, Vantage has its own mobile trading app named My Vantage, 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.
Vantage Account Types:
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 an Islamic account that fully complies with Shariah law for traders who only trade in such accounts. You just have to pay a decent administration fee for these accounts. While the commission and spreads with each account type differ, you can choose the best one that suits your needs.
Vantage News and Education:
There are many premium features, like access to economic calendars, powerful charting, and trading tools for pro traders. You can get access to the platform’s most accurate trade signals, education material, webinars, blogs, videos, smart analysis, and research tools. However, you need a minimum account balance of $1000 to access such tools.
Vantage Risk Management Tools:
he 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, reinforcing Vantage Trust.
Vantage Demo Accounts:
Vantage Brokers offer the facility of a demo account. So you can try and test the platform by yourself and analyze its services.
Vantage Discounts and Offers:
One of the key features of Vantage Broker is that it gives exciting offers like 50% off for new account holders, bonuses, rebates, and discounts to promote its services.
FEATURES | VANTAGE REVIEW |
Country of regulation | Australian & UK |
Year founded | 2009 |
Deposit with a bank card | Yes |
Deposit into the electronic wallet | Yes |
Inactivity fees | No |
Minimum deposit | $50 |
Accept US Traders | No |
24/5 support | Yes |
Trading fees | Low |
Withdrawal fees | Zero |
Forex Pair | 50 |
Copy Trading | Yes |
Stock trading | No |
Trading Platform | MT4, MT5, Trading View |
Vantage Leverage | Up to 1:500 |
Demo Accounts | Yes |
Mobile Trading | Yes |
Summary
As per our Vantage FX review, it is an overall good forex broker with some excellent features.
Vantage offers a variety of financial assets and trading options at a 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 strengths and weaknesses of the platform yourself. Also, the Vantage withdrawal process is smooth, but you can deposit a small amount, try it to check it on your own.
Vantage Comparison With Other Leading Brokers
Pros:
Beginner-Friendly Resources:
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 Wealth management tools:
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 Vantage Risk management.
Advanced Video Content:
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:
Vantage Stocks Options Are Limited:
Backtesting is a way to test the strategy before implementing it in the real market. Algo Trading is highly useful for backtesting. Algo courses will help you develop the ability to backtest the software and eliminate all the errors that may affect your trade.
Unresponsive Customer Support:
Vantage 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.
Bottom Line: Is VANTAGE Markets a Legit platform
We have analyzed and compared Vantage’s products and services and found that it is an overall trustworthy platform. It’s regulated by a top-tier platform, so undoubtedly it’s a legit platform to start your trading with.
Like any other broker, there are both advantages and disadvantages to subscribing to this platform. However, for Vantage brokers, the pros outweigh the cons.
Still confused or looking for financial trading platform options to start your trading journey? Market Investopedia is there to assist you in choosing your broker. If you have any doubts regarding broker selection, fill the form, and our team will assist you in the process.
