Vantage Broker Summary
- Overall Rating
Here at TheNextBitcoin.net you can learn about many trading platforms, one of them is Vantage, we have concluded that Vantage is a good trading platform, it is NOT a scam! Read our Vantage review today and learn all you need to know about the Vantage trading platform and why we recommend it for all traders.
Vantage Markets Review
Launched in 2009, Vantage Markets has become a leading Australian broker and provides traders the option of trading in different markets including commodities, shares, forex, cryptocurrencies and indices CFDs. The platform has received constant recognition as a safe and secure broker that gives transparent access to all traders. The founders at Vantage Markets are a highly specialized team with backgrounds in finance, forex and technology. The goal of these people was to assist traders in pursuing their financial goals by giving them access to a powerful trading platform, award-winning customer service, transparent access to markets and exceptional execution speed.
As compared to competitors, Vantage Markets can deliver better service, both for professional and retail traders. Furthermore, the broker is constantly making efforts to enhancing its offerings in order to ensure it remains a step ahead of its competitors.
Transparency and Trust
Transparency is a priority for Vantage Markets due to which it has gone above and beyond to ensure it is available to fulfill the needs of its clients. It wishes to earn the trust of its clientele so it promotes ethical practices and integrity and provides the best services possible. It holds itself accountable and doesn’t make any compromises on its standards.
The Australian Securities and Investment Commission (ASIC) regulates and authorizes Vantage Markets, which means it follows the highest standards for regulation and compliance. ASIC regulation can give traders peace of mind because it provides them with Professional Indemnity Insurance, which covers the work done by representatives, employees and other authorized people of Vantage Markets.
Vantage Markets offers has been designed to offer traders everything they want in a platform. Not only is it transparent, it also follows strong regulations and allows traders to conduct trades on the impressive MetaTrader 4 and MetaTrader 5 platforms along with extremely fast trade executions. The access to the variety of markets is also a huge benefit for all traders. It also makes use of some of the best liquidity providers and offers excellent leverage.
Account Sign up
It is incredibly simple to open an account on Vantage Markets and people can get started with trading in a matter of minutes. You have to fill out an online application, add funds to your account using any one of the various funding methods and then you can get started with trading in numerous global markets.
There are three main account types available on Vantage Markets, which are Standard STP, Pro ECN and Raw ECN respectively. The most popular option is the last one. The best option for beginner traders is none other than the Standard STP account as it provides simple and direct access to markets without any commission. More experienced traders can go with Raw ECN accounts as they require razor sharp spreads and deep liquidity. Professional traders, on the other hand, should sign up for a Pro ECN account because they trade in high volumes.
No matter what account type you choose, Vantage Markets provides its clientele access to MetaTrader 4, MetaTrader 5 and WebTrader platforms as well as mobile apps for trading purposes. As indicated by the name, STP is used as the execution type for the Standard account and the base currency option for this account include GBP, AUD, USD, NZD, EUR, SGD and JPY. At least a minimum of $200 needs to be deposited and the minimum trade size applicable is 0.01 lots. The spreads for this account start at 1.4 pips and the leverage is 500:1. As for RAW ECN, the ECN execution type is used for this account.
You have the same eight base currencies for this account and the minimum deposit requirement is increased to $500 with spreads of 0.0 pips. The base currencies for the Pro ECN account are more limited and only include AUD, EUR, GBP and CAD. The minimum deposit requirement is increased to $20,000 with this account. You have the option of changing your account type in the future, as long as you meet the minimum deposit requirements.
Muslim traders can also enjoy access to an Islamic Account, which is a swap-free account and is specifically designed to follow the Sharia laws. This makes it easy for traders to trade in their chosen markets without going against their religious beliefs.
There is a demo account available to traders on Vantage Markets and they can sign up for it within 30 seconds. Moreover, those traders who already have a live account on the platform can take advantage an Unlimited MT5 and MT5 demo account. The purpose of offering these demo accounts is to ensure that all traders feel confident using the trading platform of their choice. It is also an excellent feature when you are interested in trying out a new trading strategy in a risk-free way so any necessary adjustments can be made for improving your earnings in the future. The unlimited demo account also provides users with on-demand access to price data on the platform.
Deposits and Withdrawals
When making deposits on Vantage Markets, you don’t have to pay any fee at all. There are several funding methods at your disposal including debit and credit cards, bank wire transfers via Australian or international SWIFT banks, Skrill/Moneybookers, broker to broker transfers, POLi Payments (in Australia), FasaPay, BPAY (in Australia) and Neteller. Withdrawal requests have to be made using the same method that’s used for depositing and should be equal to or less than the amount deposited.
A unique feature is offered by Vantage Markets to its traders, which is an 8.88 percent cash bonus on their account balance. In order to receive this bonus, traders have to meet the monthly minimum trade volume requirements and this depends on your account balance as well as whether you have a Standard STP or RAW ECN account. There is also a welcome bonus available and it can go as high as 50 percent, but it also depends on the initial amount you deposit.
The most respected and popular trading platforms in the world of trading are offered by Vantage Markets and these are the MetaTrader 4 and MetaTrader 5. You can access these platforms in over 32 different languages and market access is available 24/5. Plus, the platforms also come with trading signals and numerous other features. MetaTrader platforms are available through desktop downloads for Mac and Windows, there is also a WebTrader interface and mobile applications for traders on the go.
While forex trading was the focus of Vantage Markets at one point as it offered 40 currency pairs and leverage of around 500:1, it has now expanded its options. Commodity trading is available on the platform and this includes a maximum value of 20 lots for precious metals, 1 percent margin on soft commodities market and 100:1 leverage on energy markets. Traders can also gain access to 10 world stock exchange indices with liquid indices being the main focus and leverage for these is available up to 200:1.
For traders who are interested in cryptocurrencies, they have the option of trading Bitcoin with a leverage as high as 5:1, DashCoin of about 50 contracts for every trade and a 2:1 leverage for Bitcoin Cash and contract volume of 0.01. You can also use Vantage Markets for trading Ripple, Litecoin and Ethereum. US-listed CFDs can also be traded with nearly 50 blue-chip firms.
A Smart Trader Tools Package is offered by Vantage Markets that enables the MT4 platform to provide retail benefits the same benefits as institutional traders by rivaling some of the most advanced institutional trading platforms out there. This package comprises of an Alarm Manager with six different kinds of alarms, Correlation Trader, Market Manager, Correlation Matrix, Sentiment Trader, Mini Terminal, Session Map, alerts via email, Twitter and SMS, Trade Terminal and Excel RTD Link. Anyone who makes a minimum deposit of at least $1,000 can get access to this package.
Other features that traders can make use of include daily forex signals, which are sent right to their inbox. These also include Technical Analysis and you can view 9 time frames with three chart types. A cash rebate is also offered to new and existing clients through the Active Trader Program when they fulfill the minimum deposit requirements. Those who are going for ECN trading can make use of automated trading, which also includes Expert Advisors.
An extensive selection of educational tools is also available on Vantage Markets for helping traders of all backgrounds. You can find step-by-step guides for trading in different markets such as an overview of the market, trading psychology and marketing analysis. The broker also organizes regular webinars, which are conducted by professional traders and experienced market strategists. Apart from that, users can also go over the MT4 user manuals or the comprehensive video tutorials that are provided. This enables them to use the MT4 platform as easily as possible.
High-end trading servers are used by Vantage Markets for providing quick execution times and great service. Live trading servers of the broker are located in London and New York, which gives traders easy access to two of the world’s notable financial hubs. ECN market liquidity can be sourced on the trading servers, which is then streamed to the MT4 accounts of traders on the platform. Vantage Markets didn’t take the decision of locating the servers lightly and it dedicated a ton of resources and time into doing research. This is because it wanted to choose a location that could maximize the benefits the trading servers had to offer to its clients.
Therefore, they decided to have servers in both New York and London. Apart from that, Vantage Markets is also constantly working on improving its trading network, which is made up of data servers and centers. This includes updates to the hardware and physical locations. It is one of the numerous ways that Vantage Markets has been able to establish its position as an industry-leader and has maximized its strength. The carefully planned trading servers help clients of Vantage Markets in enjoying super-fast and stable trading conditions as compared to their competitors.
Over the years, a number of honors have been earned by Vantage Markets all over the world from respected organizations and publications for their vast offerings and premium level service. It was honored by Finance Monthly in 2017 and 2018 as the Financial Trading Service Provider of the Year, which shows it is consistent in terms of quality. As it is an actual ECN broker, Vantage Markets takes great pride in the awards it has received for ECN brokerage services. Its RAW ECN account has gotten honors for most transparent trading conditions, lowest commissions and tightest spreads. The Forex Awards presented it with the Best Customer Support 2016, Best IB Broker 2016 and Best ECN Broker 2016.
When you want to reach out to the customer support service at Vantage Markets, you can simply do it from any page as there is a Chat button in the lower right corner. They also have a phone number displayed conveniently at the top of every page of the website. There is also a support email address available and a response is always received within 24 hours. Specific phone numbers are provided for added convenience for people in Australia, China, Canada and the UK. There are offices in Melbourne and Sydney if you want.
In a nutshell, Vantage Markets is a reputable and reliable Australian broker that offers traders access to a wide variety of assets, which include forex, cryptocurrencies, indices, share CFDs and commodities. Since it is regulated by the ASIC, Vantage Markets has developed a strong reputation that inspires confidence amongst its users. You can find a number of account options to choose from, which includes an unlimited demo account that can be used for getting a feel of the platform. You can enjoy great customer support and make and execution trades quickly and efficiently.