VantageMarkets – Australian Forex Trading Leader
VantageMarkets broker is registered a long time ago in 2009. With their regulations all across the globe, they represent trust in the trading world. Originally, they are registered as Vantage Global Prime Pty with headquarters in Sydney. Throughout the years, they spread worldwide and started providing trusted trading services.
Many more pros can be read in our VantageMarkets review.
VantageMarkets Pros and Cons
The most important advantages of trading with VantageMarkets broker come from fees. In fact, this broker offers very low-trading fees and non-trading fees. But the most advantageous ones are $0 withdrawal and inactivity fees. Even though costs are quite important, trading software plays a key role. Broker provides the most trusted Meta Trader platform.
On the other hand, for stock trading, you can expect higher costs of trading. Also, the broker doesn’t have crypto assets available on the platform.
Headquarters | Australia |
Regulated | ASIC, CIMA, FSCA, VFSC |
Year Established | 2009 |
Execution Type | Market |
Minimum Deposit | $50 |
Trading Platforms | MT4, MT5, ProTrader, Web trader |
Signals | Available |
US Clients Accepted? | No |
Islamic Account | Not available |
Segregated Account | Yes / NAB ( AA rated ) |
Managed Accounts | No |
Support Hours | 24/5 |
Customer Support | Online chat, e-mail, phone |
Demo Account | Available |
Is VantageMarkets Regulated? Security and Regulation
VantageMarkets is a multiple-regulated broker. With their primary regulation coming from ASIC they are established as a trusted broker. Additionally, they have some offshore regulations that help them build trust among traders. Some of those regulators are FSCA, VFSC, and CIMA. With this in mind, traders can safely open accounts here without headaches.
Important to realize is that traders can enjoy many funds security measures. Primarily, segregated bank accounts for deposits leave no space for a company to do anything shady. Another key point is negative balance protection. This highly trusted broker doesn’t let traders get into debt. This is very important these days. Especially knowing there are many unreliable companies.
If the company doesn’t have negative balance protection they can manipulate their traders. Moreover, such companies often use manipulative software to change market data. Once a trader gets into a debt they can persuade them to deposit more money. While in the end money goes straight to their pockets. Luckily, VantageMarkets broker has multiple regulations that prevent them from doing such things.
What are Available Accounts at VantageMarkets?
With VantageMarkets, there are only 3 account types available. But for experienced traders, it’s more than enough to find the benefits of every account type. Traders can choose between
- Standard STP $50
- Raw ECN $50
- PRO ECN $10.000
The important fact is that all accounts have the leverage of 1:500. Although, commission range from $0 to $3 per lot per side.
Before you even decide to invest with this broker, you have a VantageMarkets demo account available. This way you can test out most of their services and see if it’s suitable for you. On the negative side, this broker doesn’t provide an Islamic account. Which is quite a popular choice these days, because of many Islamic believers in the trading world.
On the positive side, even if there is no Islamic account this broker has quite attractive conditions. Therefore, it shouldn’t be a problem for anyone at least to test them out. Whether it’s with a demo account or a real account. The good thing is that all account types allow traders to use same assets, hedging and scalping.
Trading Platform Overview
Trading platform importance comes at the 2nd place after regulation. For instance, VantageMarkets broker provides Meta Trader 4 & 5, but also ProTrader. Especially Meta Trader raises trust in this broker. Simply, because it’s the most reliable trading software in the industry. The importance of this software comes from its advanced features. For example, social and copy trading, algorithmic trading, and many more.
After all, this software is available on any mobile device. Whether it’s a laptop, tablet, iOS or Android device. This makes it even more favorable among traders. Primarily, because of quick access to the trading platform and fast execution. Other brokers worth your attention are ICM Capital Limited and ExpertOption.
Besides Meta Trader, traders can choose also ProTrader software. It’s a quite user-friendly platform, mainly self-intuitive. Wherever you are, you can use their app and keep track of your trades. However, with so many automated options you don’t have to worry much about checking your traders. Even if you are not satisfied how it works you can withdraw the money easily.
Also, VantageMarkets broker is a member of the Financial Commission. This allows traders in the worst case to get up to 20.000 EUR compensation. Whether a company is not liquid or must shut down.
Trading Instruments Offered
Even though VantageMarkets trading company lacks crypto assets, they have another 6 classes. Traders can choose between:
- Currency pairs (Forex) USD/GBP, AUD/NZD HKD/SGD
- Commodities natural gas, Brent crude oil, palladium
- Indices DAX 30, CAC 40, FTSE 100
- Shares Walt Disney, American Airlines, Deutsche Bank
- ETFs Russell 2000, QQQ
- Bonds Federal government bonds, Treasury notes
With spreads from 0.0 pips and leverage of 1:500, this could be a very attractive offer. Especially knowing that the broker is regulated. After all, this broker offers various options for social trading. Therefore, you can use those services and avoid learning to trade. Of course, that brings certain risks. But if you are into the trading business you have accepted it already.
Unfortunately, VantageMarkets broker doesn’t offer crypto trading. But it’s understandable considering so many regulations they have. However, numerous options are proven to be strategically successful. In fact, it’s confirmed through many VantageMarkets reviews. Traders experienced very positive results with this broker and their professional assistance.
Deposits and Withdrawals Methods
On the positive side, VantageMarkets broker has completely transparent funding methods. Whether you are looking for a deposit or withdrawal policy, you have it available. Compared to some other brokers, that’s a huge relief. Anyway, some of the funding methods available are:
- Debit/Credit cards – Visa, Master card
- Bank transfer – Domestic EFT, Domestic Fast Transfer for Australia,
- Wire transfers – Thailand instant transfer, International EFT
- e-Payments – JCB, China Union Pay, Neteller, Skrill, AstroPay, FasaPay
- B2B transfer – Broker to broker
Important to realize is that only China UnionPay, Skrill, and Neteller have fees. Every other payment type is charge-free. As for withdrawals, the client must use the same options they were using for a deposit. However, depending on the funding methods clients have an upper withdrawal limit. So, just be aware of that while making a withdrawal request.
Unlike some shady brokers, this one is completely transparent in its withdrawal policy. In addition to regulations coming from worldwide institutions, this is a great choice for any trader. Especially ones without experience that will learn through the process.
Trading Education at VantageMarkets
In general, trading companies offer quite poor education materials. Those are mainly based on fundamental analysis and some old-school strategies. However, VantageMarkets broker provides many more. Some of the options traders can choose are:
- Trading Academy
- Education Webinars
- MT4 / MT5 tutorials
On top of all, the broker offers numerous trading tools that can improve trading results. From economic calendars, calculators, market news and analysis and many more. In fact, the broker even provides trading signals for the ones that are unsure about their trading strategy. This way you can analyze and learn from their strategy. After all, with social trading options, you can copy other traders.
This way, you can improve your success rate heavily. After all, you can learn from other traders’ strategies and build your own. Options are limitless with this broker.
Customer Service
Another key point of any trading company is its customer service. When traders complain about something it’s important to have a quick response. Since this is a regulated broker complaints are very rare. However, the company must have appropriate support.
Therefore, VantageMarkets provides numerous contact options. For example
- Online chat
- Phone
Depending on the question and urgency you can choose a suitable option. But it’s important to know that the support team is available only 5 days a week. But also 24 hours a day. Which plays a huge difference when you are a newbie in trading.
In general, customer service plays a key role in choosing a broker. If you can’t find assistance there, you can’t expect it when things get hard. With this broker, that’s something not to worry about.
VantageMarkets Overall Summary
VantageMarkets broker holds few licenses. ASIC, FSCA, VFSC and CIMA.
The broker offers a transparent withdrawal policy.
A company has quite attractive and competitive trading conditions.
Trading software is reliable and trusted.
VantageMarkets trading company has multiple funds security measures.
A broker has positive user-experience reviews.
Many educational options are available.
The broker is a sponsor of a successful sports team.
FAQs About VantageMarkets Broker
Does VantageMarkets Offer Live Chat?
Yes. Besides standard phone and e-mail options, you can chat live with their support.
Is the Broker at VantageMarkets Trustworthy?
Yes. Multiple regulations raise trust levels and remove any doubts about this broker.
How Long Does It Take to Withdraw from VantageMarkets?
Depending on the withdrawal methods, withdrawals can take up to 5 business days.
What Trading Platform Does VantageMarkets Use?
This broker provides Meta Trader 4, Meta Trader 5, ProTrader and WebTrader.
Does VantageMarkets Have a Mobile Application?
Yes. Besides MT4 and MT5 mobile apps, traders can download proprietary mobile apps as well.