Review: Vantage

Vantage, one of Australia’s premier online brokers, provides a wide range of trading services that allow clients to trade in the global Forex market. Vantage is a prominent player in the online brokerage market, with award-winning customer service and a focus on providing speedy transactions.

What is Vantage?

The business is represented by Vantage Global Prime Pty Ltd. The company was started in 2009 as MXT Global and renamed in 2015.

The site, which is registered in Australia, was created primarily for an Australian audience. However, the brand has grown since then and now has a global user base.

This is mirrored in the fact that the firm is regulated in Australia by ASIC, in the United Kingdom by the FCA, and in the Cayman Islands by CIMA.

Trading platforms

The site primarily utilizes Metatrader software, providing customers with access to MT4 and MT5, as well as a market trader, Webtrader, mobile trading apps, MAM/PAMM, Zulu trading, and MyFXBook Autotrade.

The mobile app is accessible on a variety of platforms.

Robot trading, in which transactions are carried out automatically under predefined parameters, receives special attention.

Many of the popular automated trading tools and add-ons made possible by Metatrader are now available on the new MT5 platform.

Trading can be done entirely online or with 24/7/365 support. They can be reached via phone, email, or live chat.

Overall, the website is easy to use. Dropdown tabs make it simple to access the numerous features and available markets.

Markets and assets

Traders have access to

• Forex (38 available currency pairs);
• 24 CFDs
• Cryptocurrency trading;
• index trading;

Spreads and commissions

In terms of spreads and commission rates, Vantage is on par with the majority of other major competitors in the online trading sector. The Standard Account has no commission; however, the spreads are substantially wider than the Raw Account (commission included).

A basic account has an indicative spread of 1.4 (EUR/USD). The average spread for a raw account is only 0.1 pips, but the commission is charged. There are also demo and Islamic accounts accessible.

The leverage ratio for Vantage begins at 100:1 and can reach a maximum of 500:1. Higher levels of leverage are only available to a certain group of clients and accounts. Clients who want to use more leverage should contact Vantage directly.

Mobile applications

Users can access the official Metatrader applications via the website, which are available in forms compatible with both Apple and Android smartphones. Applications enable traders to trade in the Forex market and view prices in real-time, just as they would on a laptop or desktop computer.

Traders can amend pending orders using the app, which syncs with other trader platforms to provide a unified experience.

Methods of replenishing a trading account and withdrawing funds

Traders can fund their trading accounts with:

• MasterCard;
• Visa;
• Swift
• BPay;
• Skrill
• Poli;

Within sixty seconds, deposits made with a credit or debit card are normally visible in the account and accessible for use. Bank transfers and BPay deposits are usually deposited to your account the next business day.

Every day, withdrawals are processed. If you submit a withdrawal request before noon ET, it will normally be processed the same day. For requests received after this time or if the volume of requests is unusually high, withdrawals will be handled the next working day.

By the next working day, funds should be available in Australian clients’ bank accounts. It may take a few days for funds to be credited to foreign clients’ accounts.

The organization provides free training in the following areas: Forex learning; webinars; MT4 guides; MT5 guides; video on MT4; video on MT4 smart trader.

Traders can also benefit from the website’s Forex Signals feature via email; advice on how to increase your trading account; trading signals; advisers; free VPS Forex; economic calendar; welcome bonus of 50%; MT4 indicators; and sentiment indicators in the Forex market.

Account Types

Traders can open a regular or raw ECN account for themselves, as well as a fictional (practical) or genuine account. More account options include joint accounts, company trading accounts, and trusted trading accounts (for both individuals and partnerships).

There are also Islamic (no transfers) and professional accounts, which provide more flexibility but less regulatory protection.

Service to Customers

The site does have award-winning customer service and a wide range of offers to choose from. This appeals to beginner traders as well as those who want to keep their risk and investment levels modest.

Trading is possible while the applicable markets are open, and the site is open 24 hours a day, seven days a week.

Support can be reached at:

• by phone;
• by email;
• via live chat.

The corporation has indemnification insurance and a trader compensation system. Customer funds are maintained in segregated accounts at the National Bank of Australia.

Countries Vantage works with

Vantage works with traders from all over the world.

• Australia;
• Thailand
• Great Britain;
• South Africa;
• Singapore;
• Hong Kong
• India;
• France;
• Germany;
• Norway;
• Sweden;
• Italy;
• Denmark;
• The United Arab Emirates
• Saudi Arabia;
• Kuwait;
• Luxembourg;
• Qatar, like most other countries,

With customers from the US and Canada, Vantage does not cooperate.

Conclusion

Clients can access the international Forex market through the firm’s comprehensive range of trading services.

Since 2009, the firm has offered consistent and low-cost trading. TradingView, MT4, and MT5 are used by over 900,000 traders to trade over 400 CFD products with 0.0 spreads on assets like FX, gold, indices, cryptocurrencies, and stocks. Vantage is governed by ASIC, and customer money is kept separate. In less than 5 minutes, you may create an account.

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