It is crucial to read the broker review before trading with the broker. You can find the Vantage review in detail below. Vantage is a medium-risk broker, with an average trust score (79/99). Vantage isn’t publicly traded, and it doesn’t run a bank. Two top-tier authorities (ASIC and FCA), zero tier-2 authorities, and a tier-3 authority have approved Vantage.
Vantage Review – Investment Options
The different markets accessible at Vantage are determined by the company that oversees the trader’s account. For instance, Vantage’s Australian organization has more than 250 instruments, whereas the Cayman Islands organization has about 200.
Crypto trading is accessible at the broker in the form of CFDs and via trading the underlying asset (meaning purchasing Bitcoin). Retail traders from whatever broker’s United Kingdom business, as well as United Kingdom residents, aren’t permitted to trade crypto CFDs.
The list below outlines the many investment options offered to the broker’s clients.
- Forex Trading
- CFD Trading
- Cryptocurrency (CFD)
- Social Trading / Copy-Trading
- 257 Tradable Symbols in total
- 44 Forex Pairs in total
Vantage Review – Pricing
The broker’s trading fees vary depending on whatever account users open and which Vantage company manages their account. The broker offers 3 account types: Standard STP account (spread only), the RAW ECN & PRO ECN accounts (based on commission). Generally, the broker’s price is in accordance with the industry standard, although it falls short compared to industry giants such as Saxo Bank, & CMC Markets.
Comparing the Standard & Raw accounts: The broker’s Standard account (spread only) has regular spreads of 1.22 pips on the EUR & USD currency pair. Typical spreads for the latter are 0.15 pips, plus a $3 commission for each side ($6 each round turn), for a net of 0.75 pips over the same timeframe.
PRO account: The broker’s PRO account offers a low per-side fee of $2 (or $4 each round turn). The criteria for obtaining a PRO ECN account vary according to the authoritative entities. B by its Australian entity, clients must meet certain criteria to be classified as wholesale customers.
Active traders: Based on the client’s account balance and monthly volume, the broker’s active trader program provides returns varying from $2 to $8 for each standard lot. The lowest tier demands $10,000 in equity, while the top tier demands a minimum of $300,000. It is, though, solely accessible on the Standard account, which has the biggest spreads of all the account types.
Together with the regular MetaTrader suite of mobile applications, the broker provides its own unique trading application. Through its Vantage App, the broker has created a solid platform for a new mobile trading application.
Summary of the Apps: The broker has 2 mobile applications available: its own Vantage App and the MT platform bundle. The MT4 (MetaTrader 4), MT4 (MetaTrader 5), and Vantage mobile applications are available for free on the App Store and Google Play Store.
Simplicity: The ads on the broker’s own trading app are a diversion from the trading. While using a trading app, users generally like to eliminate advertisements and promotional information. With news updates, indicators, and numerous Trading Central-powered videos each day, the broker has done a fine job of incorporating research.
Charting: There are just 5 time periods, 1 chart style, and a few indicators as well as overlays available while charting.
On the positive side, pressing on the chart brings it up in full-screen landscape mode, which is a great addition. Plus500 charting, on the other hand, offers more than a hundred indicators as well as the flexibility to employ several indicators at once.
- Android App
- Apple iOS App
- 30 Charting – Indicators
- Charting – Draw Trendlines
- Charting – Multiple Time Frames
- Charting – Drawings Autosave
- Forex Calendar
- Alerts – Basic Fields
- Watch List
Vantage sets itself apart from different MT-only brokers by providing a wide choice of extra add-ons & allowing suitable third-party platforms as well as instruments, like TradingView, to be merged.
Summary of Platforms: Vantage is mainly an MT broker, providing a comprehensive range of pc & web trading platforms, namely MT4 (MetaTrader 4) & MT5 (MetaTrader 5).
Charting: Vantage additionally provides the CHARTS platform by TradingView, which is completely integrated and enables users to log in with their MT account, in addition to the usual charts on MetaTrader 4 and MetaTrader 5.
Social Trading: Vantage provides 3 platforms for social trading. ZuluTrade, DupliTrade, & Myfxbook’s AutoTrade are the three auto-trading services.
- Virtual Trading (Demo)
- Proprietary Platform
- Desktop Platform (Windows)
- 51 Charting – Indicators / Studies in total
- 31 Charting – Drawing Tools in total
- Charting – Trade From Chart
- 7 Watchlists – Total Fields
- Order Type – Market
- Web Platform
- Social Trading
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Vantage Review – Market Analysis & Research
The broker’s research is mostly obtained via third-party content suppliers like Trading Central, with little in-house information. Regarding the quality and scope of research provided by the finest forex brokers, like IG, Saxo Bank, the broker still has a lot of opportunities to grow in this area.
Research summary: Its research provides regular market updates on its own Youtube page. Trading Central provides these updates. Although they are extensively templated, with pre-recorded bits that appear in each video. Furthermore, more interesting videos (also from Trading Central) are tucked away in the user’s portal’s trading tools area, adding to the broker’s video offerings of market updates & analysis.
Market updates & analysis: The Pro Trader Tools offering, which is available to users who have made a minimum of $1,000 deposit, and is incorporated directly into the user portal, is also hosted by Trading Central. The Featured Ideas tool, is valuable for traders seeking trading signals as well as practical suggestions, and the Analyst Views function, which provides automatic analysis, are two more important tools.
Future improvements: The scope of the broker’s research resources keeps growing. However, ıt would be good to have Vantage’s own content, notably webinars & written materials.
Training & Education
The broker doesn’t provide a complete set of instructional materials for traders, placing it at a disadvantage compared to brokers like CMC Markets and City Index, which prioritize education.
The broker’s Learn Forex Trading category has 37 extendable training points, however, they seem to be lacking in depth. Vantage has a collection with more than 130 videos prepared by Trading Central as a portion of its Pro Trader series, adding to platform training. Brief introductory videos for newbies are followed by larger videos covering sophisticated forex & CFD topics in a variety of markets, including cryptocurrency.
Vantage Review – Verdict
Vantage sets itself apart from different MetaTrader brokers by providing reasonable prices on its commission-based Raw ECN account as well as allowing for the incorporation of third-party platforms like Zulutrade & DupliTrade. Vantage additionally has its own application, which has a promising potential as a trading platform.
Though Vantage continues to increase its research and instructional services, it still has a long way to go before it compares with the top brokers in both areas.