Vantage Markets Review
what market can you trade with vantage markets?
!! Regulator Warning !!
Do not trade with funds you cannot afford to lose. Because these are leveraged products, even small price movements can result in magnified gains or losses
Just started trading with Vantage and I opened the Raw Account because the spread on the standard ccount is too high, I would rather pay commissons per trade. So, far it has been good, their TradingView connection is seamless. They should however offer more account currencies especially local ones
Their mobile app for android should be improved so you can set stop loss and take profit directly from the charts
Very professional broker and they do not widen their spread or reduce leverage during important news releases like nfp, cpi
Their raw account is very good with low commission
Withdrawals take time but this issue may be unique to me, i dont know. Overall their customer support is good and spreads are okay
Crypto deposit has not reflected after 2 days of me depositing. Their customer support says they are working on it but yet nothing has changed.
Vantage is an FCA authorized CFD & Spread Bet Trading Platform with a $50 Minimum Deposit
| 👨 Broker | Vantage Markets |
| 👨 Accepts Nigerian Traders? | Yes | 📅 Year Founded | 2009 |
| ⚖ Regulators | FCA UK, FSC Vanuatu |
| 📈 What Markets Can I Trade? | FX, Indices, Comodities, Shares, ETFs, Bonds |
| 🚀Leverage | 1:500 |
| 🔎Auditors | |
| 💻 Platforms | MT4, MT5, Vantage Mobile App, TradingView, PRO Trader 6 |
| 📋Account Types | Cent, Standard, Remium, Raw ECN, PRO ECN |
| 💰 Minimum Deposit | $50 |
| 💰 Minimum Withdrawal | $0 |
| 📞Live Support | 24/7 |
| 🏖️ Inactivity Fee | $0 |
| ✅Reason To Trade | |
| ❌Reason To Avoid |
Regulation - 10/10
Is Vantage Markets Legit?
Yes, Vantage is a trading name used by Vantage Global Prime LLP, who are authorized to operate in the UK by the Financial Conduct Authority (FCA).
Vantage FCA Firm Reference Number is 590299 as seen on their website & reconfirmed from the FCA website.
Vantage Markets operations in Nigeria is regulated by the Vanuatu Financial Services Commission (VFSC).
Deposit & Withdrawal - 8/10
Vantage Minimum Deposit in UK
Vantage minimum deposit for UK traders is 50 USD and with this amount you can open the CFD & Spread Bet account types.
How To Deposit
1. Bank Transfer
You can fund your Vantage trading account by transferring funds from your local or international bank to an account number Vantage will generate.
2. Cards
Vantage also accepts deposits from Visa and MasterCard which could be debit or credit cards.
3. eWallets
eWallet deposits using Skrill & Neteller are accepted at Vantage.
4. Crypto
Vantage also allows you to fund your trading accounts using cryptocurrencies.
Vantage Minimum Withdrawal
Vantage minimum withdrawal is 0 USD meaning there is no minimum withdrawal limit.
However, note that if your account balance is above 30 USD, then a minimum withdrawal limit of 30 USD will automatically be enforced.
Vantage Withdrawal Time
Vantage withdrawal via UK bank is instant, via Cards take 2 working days, withdrawals via Bank Wire take up to 5 working days & Crypto withdrawals are instant. Note that Vantage does not process withdrawals on weekends.
Account Types - 10/10
1. Spread Bet Account
You need this account if you are going to be spread betting and the minimum deposit is 50 USD. The leverage is up to 1:500.
2. Standard Account
This account is ideal for starters because the pricing system is spread-only (zero commissions) which is easy to work with. The minimum deposit is also 50 USD. The leverage is up to 1:500.
3. Raw Account
This account offers lower spreads from 0.0 pips but in return, you must pay a fixed commission of 1 USD per side on each standard lot sized trade. The minimum deposit for this account is also 50 USD. The leverage is up to 1:500.
4. Premium Account
This account has the highest minimum deposit of 25,000 USD and in return you get spreads from 0.0 pips and you must also pay a flat commission of 0.25 USD per side per side on each standard lot size trade. The leverage is up to 1:500.
Account Management - 7/10
Negative Balance Protection
Your Vantage account balance can never go into negative because the system is configured to automatically absorb any negative balance & restore your account back to zero.
Maximum Number of Trading Accounts
Vantage allows you to open & operate a maximum of 20 trading accounts at any given time.
Margin Call & Stop Out Levels
Vantage margin calls will come when your margin level drops to 80% & you will be stopped out of the market when your margin level falls to 50%.
Account Currencies
Vantage offers USD, GBP, EUR & HKD as account currencies so you can open different trading accounts in different currencies.
Account Opening Procedure
1. Register
To open an account with Vantage, visit their UK website and click on "register" then click on "trade now". You will be redirected to the account opening form after this.
On the account opening form, you will need to fill in your personal details like name, email address & Create a password. You will be sent an email verification code which you will need to input in the form, so ensure your email address is active.
When you have filled in the details, click on "create account". On the next page, you will be required to enter your date of birth and your UK identification/insurance number.
2. Employment & Financial Details
At this stage, you will need to supply information about your employment status & where you intend to get the money you will be trading with from etc.
3. Account Configuration
At this stage, you will need to select the account type you want to open and the trading platform you intend to trade on.
4. Confirm ID
You will need to snap & upload a photo of your means of ID as well as a utility bill to act as your proof of residence.
Range of Markets - 9/10
1. Forex CFD & Spread Bet
Over 40 forex pairs are on offer including major, minor & exotic pairs.
2. Indices CFD & Spread Bet
Popular Indices including Nasdaq (Nas100) and UK 100 are available for trading.
3. Precious Metal CFD & Spread Bet
Gold, Silver, Palladium & Platinum are available for trading at Vantage UK. However, for spread betting only Gold & Silver is available.
4. Soft Commodity CFD
Cocoa, Coffee, Cotton, Orange Juice, Soybean, Sugar & Wheat CFDs are available at Vantage.
5. Energy CFD
Crude Oil, Copper, Gasoline, & Natural Gas are available for trading at vantage.
6. ETF CFD
Over 100 ETF CFDs (including Crypto ETFS) are available for trading at Vantage.
7. Share CFD
Over 500 EU & US share CFDs are available for trading.
8. Bond CFD
5 Bond CFDs comprising EU, UK & US treasuries are available for trading.
Vantage Fees - 6/10
1. Spread
Spreads on the Standard Account start from 1.4 pips which is higher than the industry average of 1.1 pips.
on the Raw Account, spreads start from 0.0 pips but on the Premium Account (the account with the highest minimum deposit of 25,000 USD), the spreads start from 0.75 pips.
2. Commission
Because the Raw & Premium Accounts offer lower ECN spreads, you must pay a flat commission of 1 USD per side on the Raw Account & 0.25 USD per side on the Premium Account.
3. Withdrawal Fees
Vantage charges a 20 USD withdrawal fee on Bank Transfer withdrawals but card withdrawals are free.
4. Overnight Fees
Vantage charges an overnight swap fee for CFD trades left open till the next day.
5.Inactivity Fee
Vantage inactivity fee is 0 USD meaning there is no penalty for leaving your account dormant.
Trading Platforms - 7.5/10
1. MT4 & MT5
Vantage provides the MT4/5 trading platforms for you to trade with.
2. TradingView
Vantage is a TradingView broker so you can logon to the TradingView platform using your Vantage Account details & start trading.
3. Pro Trader
The Pro Trader platform was built by Vantage and features advance tools but you need to have a minimum deposit of 200 USD to use this platform.
Trading Tools - 6.3/10
1. Trading Calculator
The calculator when fed with the relevant input, tells you the margin required to open a new trade, overnight fees applicable & pip value. The calculator does not help you calculate the profit/loss you may make on a trade.
2. Economic Calendar
The Vantage Economic Calendar shows you the dates when important economic data (such as NFP, PCE, CPI etc.) is expected to be released so you can trade accordingly.
3. Client Sentiment
This tool shows you how many Vantage traders are long & short on a particular instrument.
Customer Support - 9/10
1. Personal Account Manager
Vantage assigns a Personal Account Manager to every account newly opened.
2. Live Chat
Vantage has a 24/7 live chat service where you can chat with a live agent. The hold time is below 1 minute.
3. Telephone
A dedicate help line is available for UK clients but it is not toll-free.
4. Email
Vantage has dedicated email addresses which you can send your queries to. Email responses come in around 30 minutes to 1 hour.
5. Education
The Vantage Academy is a learning resource where beginners can take online courses to improve their skill. You can sot the educational courses according to the instrument you want to trade.
Final Verdict - 8/10
Vantage is one of our best forex brokers for beginners because of the great customer support, account types & range of markets.