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Vantage Markets Review (2024)

Vantage Markets Review (2024)

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Vantage Markets is an Australian broker dealing in forex, indices, commodities, and share CFDs. Operating on a global basis, Vantage Markets is based in Australia and was established in 2009. It has branches in the Cayman Islands, Vanuatu, and the UK.

Vantage Markets is regulated by:

  • Australian Securities and Investments Commission (ASIC)
  • Financial Conduct Authority (FCA)
  • Cayman Islands Monetary Authority (CIMA)
  • Vanuatu Financial Services Commission (VFSC)

Vantage Markets is considered an average-risk brokerage due to its many regulations and generally favorable reputation among traders.

There appears to be a lack of financial protection for many clients, however.

It is always advised that you check how your money is safeguarded before you open an account with Vantage Markets, therefore.

Interested in forex trading but still not sure? Read What Are the Benefits of Forex Trading?


  • Regulated by FCA, ASIC and VFSC
  • Low Forex Fees
  • No Inactivity Fee
  • No Withdrawal or Deposit Fee
  • Good MetaTrader Add-ons
  • Social Trading


  • Not Available to US Clients
  • CFD trading carries risk
  • $50 is needed to start trading

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Who Is Vantage Markets For?

Vantage Markets offers a service that is suitable for traders at all levels of expertise who are interested in:

  • Forex
  • Indices
  • Commodities
  • CFDs
  • Social copy trading
  • Spread betting

Presently, Vantage Markets does not accept US or Canadian clients.

Vantage Markets Products and Services

Vantage Markets offers a good variety of products and services, allowing for the opportunity to build a diverse portfolio.

Physical Products

Vantage Markets offers the chance to trade in physical products, as opposed to trading through contracts for difference (CFD), in the following markets:

  • Forex: Over 40 currency pairs, ranging from major to minor, to exotic pairs
  • Stock exchange indices: With access to 15 major stock exchanges
  • Energy: Including oil, natural gas, gasoline, low sulfur GasOil and Cash Oil
  • Soft commodities: Ranging from cocoa to coffee, cotton, orange juice and sugar
  • Precious metals: Including gold, silver and copper

Vantage Markets provides a convenient table for the trading hours for each of their products.


Vantage Markets offer CFDs in shares across the following locations:

  • USA: Including Apple, Google and Microsoft
  • UK and EU: Including Airbus Group, Unilever NV and Bayer AG
  • Australia: Including Commonwealth Bank, Qantas Airways and Bluescope Steel Limited

New to CFDs or just want to find out more? Read Stocks vs CFDs: the Key Differences.

Spread Betting

Vantage Markets also offers a spread betting service.

Spread betting is only legal in the UK and parts of Europe. Spread betting is not trading, It is a form of gambling on the performance of a market asset.

To find out how to get started with spread betting, read How to Spread Bet.

Vantage Markets Platform Features and Tools

Vantage Markets only provides one trading platform, MetaTrader; however, the accompanying features and other tools make this broker’s offering suitable for most traders.


Vantage Markets offers two versions of this trading platform, MT4 and MT5. MetaTrader provides a good range of technical indicators, reports, and market analysis tools.

Both versions are easily customizable to suit your level of trading experience and personal preferences.

MetaTrader can be downloaded to Windows, Mac and most mobile devices.


WebTrader is Vantage Markets’s cloud-based platform for using MT4 and MT5 wherever you can access a browser. WebTrader can be downloaded to Windows, Mac, or Linux.

Vantage Markets App

Ideal for trading on the go, the Vantage Markets app offers all the functionality of MetaTrader through your mobile phone or tablet.

The app is compatible with Apple and Android devices.

Social Copy Trading

Vantage Markets’s social copy trading service provides you with the opportunity to copy the actions of experienced traders while learning through interaction with other traders and resources, such as newsfeeds.

Vantage Markets offers social trading through:

  • ZuluTrade
  • AutoTrade (Myfxbook)
  • DupliTrade

To find out more, read What Is Social Copy Trading?.

Vantage Markets Account Types

Vantage Markets offers a wide range of account types to suit traders of all levels of expertise and varying trading quantities and products.

Demo Account

If you want to learn about trading, Vantage Markets, or MetaTrader before you begin, the demo account can provide that experience.

It uses virtual money to help you learn how the process works.

The Vantage Markets demo account is free and unlimited, which means there is no time limit.

You can continue to learn on a demo account for as long as you want before converting to a live account.

The only real downside to the Vantage Markets demo account is that you can only practice using MT4.

Standard STP

This is the ideal account for new traders; however, it would also suit those with more experience who wish to benefit from its zero commission.

The standard account provides access to either MT4 or MT5 and the opportunity to trade forex, indices, commodities, or share CFDs.

The minimum deposit is $50, and leverage is available up to 500:1. Spreads range from 1.0 pips.


The RAW ECN account is aimed at more experienced traders. The main differences between RAW ECN and the standard account are:

  • The minimum deposit is higher, at $500
  • Spreads range from 0.0 pips
  • This account carries commission starting at $3.00 per lot per side


The PRO ECN account is ideal for professional traders who regularly make a high volume of trades.

The main differences between this and the RAW account are that the minimum deposit is $20,000, and the level of commission starts at $1.5 per lot per side.


If you trade within the rules of Sharia Law, Vantage Markets offers a swap-free trading account. Both the Standard STP and RAW ECN accounts are available swap-free.

Vantage Markets Commissions and Fees

In comparison to many of its competitors, Vantage Markets has generally low fees and commissions.

The commission per lot per side varies depending on the type of account:

  • Standard STP account – $0
  • RAW ECN – $3
  • PRO ECN – $2

Equally, the required minimum deposit varies too:

  • Standard STP account – $200
  • RAW ECN – $500
  • PRO ECN – $20,000
Vantage Markets Review
Vantage Markets Review

The only area where Vantage Markets fees are high is in connection to CFDs, for example, to hold a position overnight.

Vantage Markets does not charge its customers to open an account with them, and there is no inactivity fee should an account be left dormant for any amount of time.

Vantage Markets Research and Education

Like any broker, Vantage Markets provides its customers with research and education resources to enhance the trading experience.


The majority of research tools and resources offered by Vantage Markets are sourced from third-party providers. The in-house offering is limited to several essential resources.

Vantage Markets research resources include:

  • Forex economic calendar
  • Forex sentiment indicators
  • Daily YouTube videos
  • Pro Trader Tools client portal (only for clients with at least $1,000 in their account)
  • Analyst Views
  • Market Buzz newsfeed
  • Trading Central trader research tools


Vantage Markets’s education offering is more generous, including:

  • Vantage Markets demo account
  • Forex educational materials
  • MetaTrader manuals and videos
  • SmartTrader Tools educational resources
  • Vantage Markets YouTube channel
  • Educational webinars

Advantages of Vantage Markets

Before you decide whether or not to trade with Vantage Markets, have a look at the advantages of choosing this broker over its competitors.

Regulated by FCA and ASIC

Although Vantage Markets is also regulated by CIMA and VFSC, it is regulation by the FCA and ASIC, both tier-1 regulators, which is most reassuring for clients.

The FCA offers protection to UK customers. ASIC may advise and offer assistance to Australian customers.

Low Forex Fees

In comparison to many of its competitors, Vantage Markets carries generally low fees, especially so when trading forex.

No Inactivity Fee

Should your account remain dormant for any amount of time, Vantage Markets will not charge you an inactivity fee.

No Withdrawal or Deposit Fee

Vantage Markets does not charge a fee should you wish to deposit funds into your account or make a withdrawal.

Good MetaTrader Add-ons

Vantage Markets provides an excellent range of MetaTrader add-ons. SmartTrader includes:

  • Alarm Manager for notifications and automatic trading
  • Correlation Matrix to track all of your trading symbols
  • Correlation Trader for market chart comparisons
  • Market Manager for chart customization
  • Session Map for a visual market overview

Multiple Languages

MetaTrader is available in multiple languages, depending on how you access the platform, for instance, the mobile app or the desktop version.

Vantage Markets customer service is also available in multiple languages.

Demo Trading

Vantage Markets offers a demo account for traders who wish to familiarise themselves with the platform, the markets, and trading, in general, using virtual money before they try the real thing.

Social Trading

Vantage Markets provides the chance to social trade.

This is a good method to learn as you trade by replicating the trades of more experienced traders and using Vantage Markets's research and instructional materials.

Disadvantages of Vantage Markets

Here are the disadvantages of Vantage Markets:

Not Available to US Clients

Vantage Markets accepts customers from many countries globally; however, it is presently unavailable to US clients.

It does not accept Canadian clients either.

$200 min deposit

There are other platforms with smaller amounts of deposits for new accounts.

CFD trading carries risk

It is not so good for starters as the CFD could be risky for beginners.

No Price Alerts

Price alert message notifications are not available regardless of how you access your Vantage Markets trading platform.

You will, therefore, have to physically log in to monitor your trade performance.

No Two-Step Verification For Security

Vantage Markets does not provide a two-step login verification. This obviously leaves your account vulnerable to being hacked.

No 24/7 Customer Service

The Vantage Markets customer service is available 24 hours from Monday to Friday. This means that there is no weekend cover.

How to Set Up an Account With Vantage Markets in 2024

The account opening process for Vantage Markets is entirely online and relatively fast.

Use the ‘live account’ or ‘demo account’ buttons at the top of any screen of the Vantage Markets website to begin the process.

When you click on either button, you will be asked to provide your name and contact details and state the type of account you would like to open.

You will be asked for more personal information, such as your financial situation. You will also be asked to complete a trading survey to indicate your level of education and expertise.

Select your preferred trading platform as well as your base currency.

Upload proof of your identity. This will generally be a photo ID, for instance, passport, driving license, or national identity card, and a form of ID to prove your residency, such as a utility bill.

You will be asked to make the minimum deposit for the type of account you have requested during the application process.

Your application could be approved in as little as a few minutes, depending on the account you apply for, your personal status, and the time it takes to verify your ID.

The acceptance process should take no more than 24 hours in most cases.

Frequently Asked Questions

Vantage FX is a well-regarded forex broker and has received positive reviews from traders.

They offer competitive spreads, fast execution speeds, a variety of trading platforms and excellent customer support.

Vantage FX is a regulated broker and adheres to strict financial regulations.

They are licensed by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA).

Yes, Vantage FX is a good broker for beginner traders. They offer educational resources and a demo account to help new traders learn about forex trading.

They also provide a range of user-friendly trading platforms that are easy to navigate.

Yes, Vantage FX accepts bitcoin deposits through the payment processor BitPay.

Vantage FX offers a range of trading services, including forex, commodities, indices and cryptocurrencies.

They also provide educational resources, market analysis and excellent customer support.

Withdrawal times for Vantage FX vary depending on the payment method used. Withdrawals to credit/debit cards can take two to five business days, while bank transfers can take up to five business days.

E-wallet withdrawals are usually processed within 24 hours.

The minimum deposit on Vantage FX varies depending on the account type. For the Standard STP account, the minimum deposit is $200.

The RAW ECN account requires a minimum deposit of $500, while the PRO ECN account requires a minimum deposit of $20,000.

Vantage FX also offers Islamic accounts with a minimum deposit of $500. It is important to note that different payment methods may have different minimum deposit requirements.

Vantage FX charges a commission of $3 per lot traded on their RAW ECN account. The Standard STP account does not charge a commission, but spreads are higher. The PRO ECN account also charges a commission of $3 per lot traded, but offers even lower spreads than the RAW ECN account.

It is important to note that commissions and spreads may vary depending on market conditions and account type.

The maximum lot size for Vantage FX is 100 lots per trade on all account types. This applies to both the RAW ECN and Standard STP accounts.

It is important to note that trading with such large lot sizes may not be suitable for all traders, especially beginners, as it involves significant risk.

Yes, Vantage Markets is a regulated broker. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA).

These regulatory bodies ensure that Vantage Markets follows strict financial and ethical standards to protect its clients' interests.

Vantage Markets is known for its competitive spreads, fast trade execution and reliable customer support.

It offers a wide range of trading instruments, including forex, commodities, indices and cryptocurrencies.

However, Vantage Markets may not be suitable for all traders, as it charges a commission on its RAW ECN and PRO ECN accounts, and requires a relatively high minimum deposit for these accounts.

Vantage Markets offers 24/5 customer support through live chat, email and phone.

Its customer support team is known for its prompt and helpful responses to clients' inquiries and issues.

Additionally, Vantage Markets provides educational resources, including webinars and market analysis, to help traders make informed decisions.

Final Thoughts

Vantage Markets offers a good range of products and services for traders at all levels of experience.

However, the lack of financial protection for the majority of its customers is likely to be a deciding factor in whether or not this is the broker for you.