2022 Vantage Review • (Formerly Vantage FX - Benzinga
Vantage is a regulated forex and CFDs broker, providing retail and institutional traders with access to global financial markets. Its suite of trading platforms ensures lightning-fast trade execution. The speed element combined with interbank-grade Raw ECN spread provides the much-needed institutional trading experience that most traders look for in a broker. In addition to forex and share CFDs, you can also trade indices, commodities, and cryptocurrencies.
Vantage is a subsidiary of the Vantage Group. The Vantage Group of companies comprises; the Vantage International Group Limited (VIG), the Vantage Global Limited, the Vantage Global Prime Pty Ltd and the Vantage Global Prime LLP. These companies are authorized and regulated in different jurisdictions.
What is now known is that Vantage was established in 2009. It wasn't until after a 2015 rebranding that it became Vantage Pty Ltd (Vantage). Both the Vantage International Group Limited and the Vantage Global Prime Pty Ltd trade under Vantage.
The Vantage International Group Limited is regulated by the Cayman Islands Monetary Authority (CIMA), while the Vantage Global Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC).
Investment Offerings
Although Vantage does not offer physical stocks/equities or ETFs, though it does offer an extensive range of investment products for its global clients. These include:
● 40+ FX pairs, including the most popular pairs like EUR/USD, GBP/USD, USD/JPY, etc.
● 200+ global share CFDs that grant you access to big companies like Amazon, Apple, Google, Facebook, etc.
● Indices markets including the SP500, FTSE, DAX, NIKKEI, and more.
● Commodity markets including Oil, Gas, Gold, etc.
● Cryptocurrencies available only through CFDs
Trading Platforms
Part of what makes Vantage one of the best online brokers is the suite of trading platforms and tools in it. The trading platform comprises:
MetaTrader Suites (MetaTrader 4 or MT4 & MetaTrader 5 or MT5)
MetaTrader4 and MetaTrader 5 are the primary trading platform of Vantage. The Vantage MT4 provides users access to 300+ tradable assets, trading tools and signals that guarantee flexibility and fast trade execution, in addition to advanced charting features. It also offers automated trading services (also referred to as expert advisors or EA) for clients who may not have time to trade themselves.
MT5 is a great improvement from the MT4. Instead of being constrained by just 9 time-frames like the MT4, the MT5 grants you access to 21 time-frames, unlimited charts and 3000+ professional trading signals. This is in addition to the more advanced EA. However, the coolest part is that MT5 came equipped with hedging capability. An important feature lacking in MT4.
Switching from MT4 to MT5 is very easy. Sign in to the portal and tap "open additional account," then select MT5. The MT4 and MT5 platforms are best suited for active forex traders and provide a more comprehensive and downloadable option than the WebTrader platform.
However, if you need a more powerful on-the-go solution for your everyday trading, you can consider the MT5 WebTrader that requires no installation or download but only an internet connection to log in and start trading.
WebTrader Platform (MT4 and MT5 WebTrader)
The MT4 and MT5 WebTrader suite provide a robust means for fast trade execution on the go. They don't require any download or installation, and traders can log in to trade and manage accounts anywhere and any time. What you need is an internet connection.
WebTrader grants clients access to about 30 technical indicators, 10 time-frames and 24 technical analysis tools in addition to the convenience of one-click-trading much like the MetaTrader suites. The platform is compatible with both Windows, MacOS and Linux operating systems. It supports access from 5+ browsers, including Chrome, Mozilla Firefox and Opera.
Social Trading
By partnering with social trading platforms like ZuluTrade, DupliTrade and Myfxbook, clients can mirror styles and strategies adopted by professionals and successful traders. Therefore, they can follow the steps of these professionals or automatically copy or duplicate their strategies on their Vantage MT4 and MT5 accounts. Copying or duplicating trade strategies from the brightest traders makes sense in that it enables you to diversify your trading risk around multiple strategies. This maximizes your profit potential.
Education
In addition to video tutorials for MetaTrader suites and similar platforms, Vantage offers clients access to 120+ Pro Trader videos in its library. The video covers basic trading concepts to more advanced technical and market analysis across forex and CFD trading in various markets, including cryptocurrencies.
While Vantage could increase the number of educational articles available, their Daily Market Analysis is a valuable resource for traders and includes a market overview, trade setups and asset-specific analysis. By providing additional articles, the broker's range of educational material would rival some of their competitors.
Research
Vantage incorporates key research features like economic calendar, client sentiment data, featured ideas and more for clients looking for actionable ideas and trade signals. This is in addition to the daily market updates, which, although very templated but yet decent.
However, most of the highly engaging video content is curated from third-party partners, specifically, Trading Central.
Vantage offers a range of in-house content including their Daily Market Analysis articles, and daily market videos, however clients could benefit from additional research material.
Demo Account
Users can practice in a demo account. The MetaTrader 4 or MetaTrader 5 demo account is a great avenue for new users to get familiar with trading and the trading platforms. Users can also watch video tutorials.
On Vantage, there are three distinct account types; Standard STP account, Raw ECN and the Pro ECN. The PRO ECN Account is designed for high-volume, high-risk professional traders and has spreads from 0.0 pips across the major pairs. It has a high minimum deposit of $20,000. The Standard STP account has a minimum deposit of $200 with slightly wider spreads. It is ideal for beginner traders who prefer simple and easy access to global markets.
The RAW ECN Account has a minimum deposit of $500. It is the most ideal for traders who need deep liquidity and very low spreads, again from 0.0 pips across the majors. The Standard STP costs are improved for accounts with $10,000 or more, which qualifies you for an active trader rebate. Vantage charges no inactivity fees.
Clients can reach Vantage customer support 24 hours a day for five days (24/5) through their email and live-chat channels. However, due to increasing volume, there are occasionally slight delays with email replies, so live chat is the best and fastest way to reach customer support. That said, the company could improve its email response times.
The Vantage App is an all-in-one trading app available for both IOS and Android users. It is a simple yet robust tool with about 5 technical indicators, including the most popular ones like Moving averages, Bollinger bands, MACD and more. This is in addition to about 4 technical charting tools and 10 time-frames (considerably low).
The app offers mobile users similar trading features to the desktop version. It also incorporates features like alerts, trade signals, order management, a custom watchlist and in-built funds management, allowing easy deposits and withdrawals. Traders can place forex trades, view real-time prices and can also edit pending orders through the app.
The app is synced with a client's other Vantage platforms for a seamless activity. However, you can only choose one study overlay out of the 5 indicators. The same holds for the 4 charting tools. Understandably, it is a relatively new app. Still, Vantage needs to step up its capability to compete with other brokers' apps, such as Plus 500.
The Vantage mobile trading platform is well-designed, simple, user-friendly and convenient. On the other hand, the web platform feels a little outdated and some features are rather hard to find. Nevertheless, the high customizable potential allows users to make custom changes like changing the size and position of a tab which is a plus. The broker, however, needs to fully integrate the Client Portal or research into its suites of trading platforms to enhance users' experience. The email response time and the capability of the Vantage app also needs an improvement.
The platform users benefit through:
● Multilingual support
Users can choose from any of the following languages: English, French, Chinese, Korean, Japanese, Thai, Vietnamese, Spanish, Portuguese, Arabic, German and Indonesian.
● Two Steps authentication
Vantage provides users on the mobile trading platform with a two-step login authorization for added security.
● Social trading strategies
Thanks to Vantage's partnership with multiple social trading platforms, like ZuluTrade, Myfxbook, MetaTrader Signals and DupliTrade, users can access features like copy trading.
● Negative balance protection.
Users can enjoy negative balance protection. This means that users will be protected if the balance on their account goes negative.
Being authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA), and VFSC, Vantage guarantees you the highest level of transparency when it comes to securing your funds during or after trading.
All client's money is secured in a segregated account with one of the top-tier Australian banks separate from the company's fund. In addition, the mobile app, like most trading apps, comes with a two-factor authentication feature for extra security.
Vantage grants clients seamless access to trade forex, share CFDs and other financial instruments in the global market through its trading platforms. The broker charges no inactivity fees and little to no account fees. Its suite of social trading platforms that allows trade-copying is also an added value.
Newbie and intermediate traders looking to trade relatively small amounts of money may find the platform highly efficient. These traders will find the Raw ECN account very ideal and profitable for their risk appetite due to its attractive commission rate (2% per lot).
However, the platform doesn't offer any unique or additional value to lure advanced traders or traders willing to adopt higher-risk strategies, however traders can choose from the leverage of their accounts based on their risk appetite. In addition, the platform could offer more products. It also needs to improve its research and educational content as well as the app capability.
Vantage vs. Competitors
While there is room for improvement in some areas, one of the things distinguishes Vantage from most online brokers are their Indices spreads, and their Forex spreads are lower than most of their competitors. Like Axi broker, Vantage could offer more trading instruments, charge low forex trading fees, no account fees and no inactivity fees. Compared to some of their rivals such as IG, CMC Markets, City Index and others, Vantage could improve on their range of in-house research content and a comprehensive range of written educational articles. However, that being said, Vantage is still one of the best online brokers for trading.
Vantage Tutorial
Vantage provides users with tutorial videos on assets and how to navigate through the platform. Their Pro Trader Tutorial series is available to live account holders. The series features over 100+ video lessons on the forex market, technical analysis, share trading strategies, risk management and many more.
How long does Vantage withdrawal take?
Once your request has been processed, it may take up to five days for your funds to get to you depending on your chosen method.
Is Vantage halal?
Yes, Muslim traders can access the Vantage Islamic account, including a swap-free account.
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
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