Vantage Markets is one of the top UK Forex/CFDs brokers regulated by FCA, CIMA, and ASIC. There is some confusion as the broker’s international site has only mentioned CIMA as its only regulator, with head offices only in the Cayman Islands.
The reason behind the slight confusion is the ASIC. The regulator did not want an Australian broker to trade with international clients. To solve this issue, Vantage Markets inaugurated its branch in the Cayman Islands for international clients.
Vantage Markets – Regulation and Licensing
The CIMA regulates the Cayman Island branch; however, the firm has retained its regulatory compliance. The funds of all the clients deposited via Vantage are kept safe in the accounts in coordination with National Australia Bank.
The regulatory bodies of the broker are given below:
- Vantage International Group Ltd is based in the Cayman Islands and is regulated by CIMA. The office’s address is Artemis House, 67 Fort Street, PO Box 2775, Grand Cayman, KY1-1111.
- Vantage Global Prime Pty Ltd is an Australian-based company. ASIC regulates the brokerage under registration number 428901: the brand level 29, 31 Market St, New South Wales, 2000, Australia.
- Vantage Global Prime LLP is based in the United Kingdom. The company has an FCA license number 590299. The firm’s location is 30 Moorgate, London EC2R 6PJ, UK.
Background Information
Despite a few complaints, the broker has a good reputation among real traders.
Keeping the regulation in mind, the question is whether Vantage accepts trade from other major markets. The broker effortlessly allows traders from the European Economic Area (EEA), with the US as an exception.
Another question arises: why should you become part of Vantage Markets? Some of the most revolutionary trading platforms are on Vantage. The broker gives ECN spreads from 0.0 pips on MT4 and MT5 platforms. Also, a few simple steps exist to create an account on the site.
Trading Platforms and Tools
Vantage covers almost all aspects and angles of trading platforms. There are different versions of MT4 and MT5 with the broker. Moreover, the traders can access social trading services via MyFXBook AutoTrade and ZuluTrade.
Along with the abovementioned features, the platform supports WebTrader and other mobile trading apps.
MetaTrader 4 can be accessed in both regular and Mac versions. Metaquotes’ MT4 is known for its charting capabilities. The broker’s MT4 supports more than three unique chart types and nine different time frames.
Numerous studies and indicators back up Vantage’s charting. The MT4 platform is available in a fully customizable form. So, traders can freely use the pre-installed indicators and tools and even create some of their own choices.
The Expert Advisors add to the comprehensive MT4—the EAs help create custom scripts that help the traders’ trading automation. The Vantage certainly supports Expert Advisors.
Platform Flexibility of Vantage Markets
The trader can install their EAs or create unique ones from scratch to begin trading.
However, the simpler and more accessible version of MT4 is the WebTrader. It is a web-based platform with exciting capabilities. The traders on this platform can access up to forty-five tradable assets, including indices, FX pairs, and commodities.
You cannot call MT5 an offspring of MT4 exactly. The platform has different angles than MT4 and supports over twenty-one-time frames. Moreover, there are eighty pre-installed indicators on the MT5. Also, the traders using the platform have access to sixty-five tradable assets.
Just like MT4, the platforms also support EAs.
The platform’s mobile applications cover all Android and iOS devices. You can install the Appstore/Playstore instantly and even download the app from Vantage Market’s official website.
Along with the trading tools mentioned above, Vantage Markets delivers Client Sentiment Indicators, VPS service (a must-have for all EA users), Economic Calendars, Smart Trader Tools, and access to Trading Central.
Asset Categories of Vantage
The broker provides more than forty tradable assets in its FX pair selection feature. These pairs include majors, minors, exotics, and the broker’s few best trading conditions. The Raw ECN accounts’ spreads begin with only 0.0 pips, and the maximum leverage is 1:500.
The brokerage provides indices from over ten world stock exchanges. These indices have excellent execution speeds with the maximum available leverage of 1:200.
You will find soft commodities in the commodities section, such as cocoa, orange juice, coffee, cotton, and sugar—likewise, hard commodities like precious metals and natural gas. Energy, gasoline, trade oil, and heating oil are available to trade.
Under the precious metals section, you will find copper, gold, and silver.
Lastly, Vantage has share-based CFDs with US and Hong Kong shares. Trading commodities is only possible via CFDs; no actual reception and delivery is involved.
Recently, we have added 70+ UK and European share CFDs. In the future, around fifty Australian share CFDs will be included.
The traders can access these shared CFDs from the MT4 platform with a maximum of 1:20 leverage on the CFDs.
Vantage Trade Commissions and Fees
Some commissions and spreads are charged depending on the trader’s account type. However, Vantage charges no fees to create an account.
Only a minimum of $200 is required to set up the Standard STP account. There are commission charges on this account type, and its spreads begin from 1.4 pips.
For the Raw ECN account, a minimum deposit of $500 is required. It is one of the most famous account types of brokers. A commission of $3/lot/side is charged. However, the spreads on the account start from 0.0 pips.
The last account type is mainly for high-volume traders and is known as the Pro ECN account. You need to deposit at least $20,000 for this account, and the commissions offered by the account are $2/lot/side. The Pro ECN account’s spreads start with 0.0 pips, as shown below.
Research and Education
From the education perspective, Vantage provides a standard offer with not as much data for information.
The Forex Education Academy is specifically for training beginners in trading. The academy includes numerous articles and webinars for learning, and the brokerage also provides a demo account. Traders can use their newly acquired techniques in action without any risks.
The guides and tutorials of the MT4 are to inform the traders regarding the ins and outs of trading because there are numerous things to learn in this regard.
The video sections are very beneficial when it is about traders’ education. These videos help to understand everything from the basics to the installation of EAs.
On Vantage, the clients get access to SmartTrader Tools. So, to inform traders of how these tools operate, there is a special video section for it. This section contains helpful video tutorials on how to use Trade Terminal, Alarm Manager, etc.
Trader Support
The traders can contact the Vantage customer service representatives through their email, contact number (1300 945 517), and live chat option on their website.
There are specific local-specific phone numbers, like +44 207 100 8625 for the UK, 400-120-9301 for China, and 1-888-442-4106 for Canada. The phone number +61 2 8999 2044 is for international customers.
Vantage Markets Mobile App
With Vantage, traders can trade via their iOS and Android-based devices. You can also install these effective “MetaQuotes” mobile apps that allow trading using MetaTrader accounts, and these applications work efficiently on mobile devices, enabling mobile trading.
To Trade or Not to Trade with Vantage Markets
Although Vantage’s regulatory profile is not up to the mark, it has a positive reputation among traders. For a recently launched broker in 2009, it is an outstanding achievement.
The brand has a decent tradable asset selection with a good commission and fee structure. Also, it provides a wide variety of trading platforms and educational tools.
