With over 10 years of experience, Vantage is an award-winning broker. The broker provides fast order execution through ECN, making it popular among scalpers and day traders. Additionally, Vantage offers a wide range of trading platforms and a variety of base currencies on its platform.

The purpose of this Vantage review UK is to provide you with a thorough overview of all the important aspects of the broker. There are many things you can find in this section, including information about what you need to know about trading fees, funding methods, educational content, and customer service.

Your capital is at risk.

Vantage Review UK 2024 – Pro’s and Con’s

Overview

What is the Vantage?

As a regulated broker, Vantage is required to adhere to strict financial regulations. Because of this, Vantage ensures the safety and security of your money. Moreover, Vantage offers a wide range of currency pairs, CFDs to trade, and CFDs on commodities, indices, and shares.

Vantage was founded in 2009 to provide retail forex traders with an unparalleled trading experience. The company’s main objective is to provide an environment where those trading on the forex market can have a transparent experience.

Many respected organizations and publications recognize Vantage as a premium forex broker. The company has achieved several awards in different categories due to this. Additionally, vantage offers more than just Forex trading on its award-winning MetaTrader 4 and MetaTrader 5 platforms.

In 2019, 2018, 2017, and 2018 the company won the Finance Monthly award for Financial Trading Services Provider. This broker’s main strength is its ECN trading platform, where traders can trade hassle-free.

Among the most competitively priced brokers in the industry, the company offers RAW ECN trading accounts with razor-sharp spreads starting at 0.0 pip and extremely low commissions. A Forex trader must find a broker offering low costs and maximum benefits. The Vantage platform provides institutional grade liquidity from the world’s largest banks and financial institutions directly into MT4 and MT5. This allows traders to have the absolute best bid and ask prices based on the available prices.

On November 16, 2021, Vantage Group underwent a major rebranding. With the rebrand, Vantage continues its global expansion strategy to deliver an unparalleled trading experience on multi-asset products and provide tools for established and emerging markets to improve trade execution. This has resulted in them dropping ‘FX’ from their name and renaming themselves ‘Vantage.’

As a CFD broker, Vantage offers CFDs on every asset listed on its platform. Here is a list of the broker’s markets and assets.

Forex

With Vantage, you can trade more than 40 forex currency pairs. Moreover, retail traders can start trading these pairs at 0 pip spreads with a $3 lot commission or at 1.4 pip spreads without commission.

Commodities

The broker offers 20 commodities in total that can be traded as CFDs. These include precious metals such as gold, silver, and copper. Both gold and silver can be traded with the US Dollar and the Australian Dollar.

Cocoa, oranges, and sugar are examples of agricultural assets, while oil, natural gas, and gasoline are also available.

Indices

A total of ten indices are available as CFDs from all over the world. In addition, there are EU, US, Australian indices, and Asian indices from China, Japan, and Hong Kong. The Vix futures index is also available for trading.

Stocks

A great selection of over 200 shares from major exchanges in the EU, US, Hong Kong, and Australia are available for you to trade across the platform.

Cryptos

Vantage also offers crypto trading. CFDs are available for 6 cryptos against the US Dollar. In addition, cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple are available here.

Vantage UK – Pros and Cons

In addition to the low forex fees, Vantage also has a very friendly non-trading fee structure (for example, there is no inactivity fee). With Vantage, opening an account is a fast and easy process (less than five minutes). In addition, most of the deposit and withdrawal options offered by the broker are free of charge.

The investor protection offered by Vantage is another huge advantage for UK investors.

Your capital is at risk.

Vantage Features

Vantage's trading platform offers many advantages to users. Listed below are some of the most exciting benefits.

Advanced Trading Platforms

Vantage offers MetaTrader 4 and MetaTrader 5, a web-based platform and a proprietary app that provides a high degree of flexibility. Furthermore, ZuluTrade, MyFXBook, and DupliTrade are three social trading platforms the broker offers.

MetaTrader

The Vantage trading platform is available in two versions, MT4 and MT5. In addition, MetaTrader has a good selection of technical indicators, reports, and market analysis tools.

The two versions can be customized according to your level of trading experience and personal preferences.

You can download MetaTrader for Windows, Mac, and most mobile devices.

WebTrader

This is Vantage's cloud-based platform for trading MT4 and MT5 from anywhere with a browser. You can download WebTrader for Windows, Mac, or Linux.

Vantage App

Trading on the go is easy with the Vantage app, which offers all the functionality of MetaTrader on your phone or tablet.

Apple and Android devices are compatible with the app.

Social Copy Trading

Traders can learn from other traders and resources through Vantage's social copy trading service, which allows them to copy the actions of experienced traders.

Social trading is available on Vantage through:

• ZuluTrade
• AutoTrade (Myfxbook)
• DupliTrade

Different Account Types

Traders of all skill levels and trading quantities can take advantage of the various account types offered by Vantage.

Demo Account

For many traders, a demo account is the best place to start. Since you are trading virtual funds, there is no risk involved, but you can replicate a real trading environment. In addition, there is no obligation to make a real deposit, so it's a great way for new traders to learn a platform.

Vantage offers a free, unlimited demo account that you can use for as long as you like.

It is also very easy to open an account on it, as it only requires personal details such as your name, country, phone number, and email address. Developing your skills and learning here is a great experience.

Your capital is at risk.

Standard STP

The Vantage Standard STP Account is a great starting point for newer traders and is a popular live account choice at Vantage.

You can access more than 150 instruments through this account, which is easy to use. At only $50, the minimum deposit is also a good value.

MT4 and MT5 traders can trade here without commissions and with a spread that starts at 1.0 pips.

RAW ECN

Another top account choice is Raw ECN, which is preferred by many people who want to reduce trading costs and increase market liquidity.

Although a commission is charged on trades, the spread starts at an extremely low point at 0 pips. This commission is also very low at just $3 per lot traded.

The trading platforms MT4 and MT5 are both available, and you can choose from a wide range of markets, including indices, forex, commodities, and shares. This account type still has a very competitive minimum deposit of $50.

PRO ECN

Vantage Pro ECN accounts were designed for professional traders, as the name suggests.

The account requires a minimum deposit of $10,000. Having said that, if you can afford it, this account gives you a great opportunity to trade at a very low cost. Spreads remain consistently low, starting at 0 pips, and commissions are just $1.5 per round turn lot traded.

The full range of markets, including commodities, forex, indices, and more, are available here for trading on the MT4 and MT5 platforms.

Swap-Free

In accordance with Shariah law, Vantage offers an Islamic trading account. Furthermore, the Shariah Supervisory Board Chairman, Sheikh Hasan Qamra, certifies the service.

This account type does not charge swap fees to be fully compliant, but the broker may charge an extra fee to cover the difference.

Check out our article on the best Islamic brokers for more information about Islamic trading and swap-free accounts.

Vantage Research and Education

To enhance the trading experience of its customers, Vantage provides research and education resources.

On the Vantage website, traders can access the Daily Market Update. A day's chart includes technical insights, overnight headlines, the day ahead, and key takeaways from major economic events.

Traders can stay on top of economic releases by using the website's economic calendar, which lists the time and date of events, the analyst's forecast, and the actual figure.

A sentiment page on the Vantage website shows the total long and short positions that Vantage clients have taken. The data Vantage has extensive, with over 50,000 clients. Long to short positions are represented as a percentage, with orange showing the percentage of clients who are short and teal showing the percentage who are long. It is common to use a sentiment as a contrarian indicator. The number of traders who are long or short an instrument can indicate a potential market turning point.

Vantage's Academy section provides in-depth guides on trading strategies and trading psychology. As a beginner, you will find a lot of material in the form of a course, ranging from market terminology to technical and fundamental analysis.

Live webinars are held weekly with market outlook and trading strategy themes. Traders can also use Vantage's platform tutorials to get the most out of the software.

Research resources listed by Vantage:

• The economic calendar for forex
• Sentiment indicators for forex
• YouTube videos every day
• Portal for Pro Trader Tools clients (only available to clients with at least $1,000 in their account)
• Views of analysts
• Newsfeed from Market Buzz
• Trader research tools on Trading Central

The education offerings of Vantage are more generous, including:

• Demo account for Vantage
• Forex educational materials
• Videos and manuals for MetaTrader
• SmartTrader Tools educational resources
• YouTube channel of Vantage
• Providing educational webinars

Excellent Trading Support

With Vantage, you can benefit from a wide range of value-added tools, such as Market Buzz, AI-based market news coverage, featured ideas, analyst viewpoints, advanced video tutorials, SmartTrader tools, and even an elaborate economic analysis. When it comes to investing, the broker makes sure its customers have all the right tools at their disposal.

Wide Range of Asset Classes

Among the options available to clients are forex pairs, major global indices, energy products, soft agricultural commodities, precious metals, cryptocurrencies, and share CFDs. In addition, vantage offers more than 300 trading instruments.

Extensive Bonuses and Promotions

Bonuses and promotions are another great features. In addition to a generous 50% welcome bonus, the broker offers trading volume rebates, equity rebates, and referral bonuses.

Regulated by FCA and ASIC

In addition to being regulated by CIMA and VFSC, Vantage is also regulated by the FCA and ASIC, both tier-1 regulators.

The FCA protects customers in the UK. However, ASIC can provide advice and assistance to Australian customers.

Low Forex Fees

Vantage generally has low fees, especially when trading forex, compared to many of its competitors.

No Inactivity Fee

Your account will not be charged an inactivity fee if it remains dormant.

No Withdrawal or Deposit Fee

Vantage does not charge a fee if you want to deposit funds into your account or withdraw funds.

Good MetaTrader Add-ons

The MetaTrader add-ons offered by Vantage are excellent. SmartTrader includes:

• Notifications and automated trading with the Alarm Manager
• Track all your trading symbols with a correlation matrix
• For market chart comparisons, use Correlation Trader
• Customization of charts with the Market Manager
• An overview of the market using the session map
• MetaTrader is available in multiple languages depending on how you access the platform, such as through a mobile app or a desktop client.
• Multilingual customer service is also available at Vantage.

Demo Trading

Traders who want to familiarize themselves with the platform, the markets, and trading generally can use a demo account from Vantage.

Customer Service

To make it as convenient as possible for you, the Vantage website is available in a total of 12 languages. In addition, it is possible to select between several EU and Asian languages, such as Indonesian, Vietnamese, Chinese, Japanese, Korean, and Malay.

There are more than five languages available for customer service at Vantage. Support can be reached via live chat on the website, phone, or email. Additionally, the website has a detailed FAQ section, which may eliminate the need to contact the support team altogether.

Social Trading – Copy Trading

To copy other traders, Vantage offers an app you can use. In order to use this app, you need to link your MT4 account to it, and it provides three different methods for copying.

• Fixed Size: No matter what, the system opens 10 micro lots (0.1 lots). Signal providers can open 0.01 positions, which will automatically be multiplied by 10 to reach 10 micro-lots or vice versa.
• Mirror Master Size: With this copy method, the system copies the same position size opened by the signal provider. When your signal provider opens a 1 lot position, your account will replicate it exactly.
• Mirror Master Risk: According to the settings, the system leverages the trader's positions, and the margin is proportional to the equity of the signal provider.

When the signal provider invests $100 of a $1000 account (10% of its value), and the trader's account has a 2x leverage with $5000 equity, then to copy the position, $1000 will be required (10% of $5000 multiplied by 2). In this copy type, the trade is mirrored, but your leverage settings are also applied.

Spread Betting

Spread betting is also available at Vantage.

It is only legal to bet on spreads in the UK and parts of Europe. However, it is important to understand that spread betting is not trading; it is a form of gambling based on the performance of an asset on the market.

Vantage UK Fees

Vantage is generally known for its low fees and commissions compared to many of its competitors.

Commissions per lot per side differ depending on account type:

• Standard STP account – $0
• RAW ECN – $3
• PRO ECN – $1.5

In addition, the required minimum deposit varies as well:

• Standard STP account – $50
• RAW ECN – $50
• PRO ECN – $10,000

Vantage's fees are high in connection with CFDs, such as holding positions overnight. If an account is left dormant for any period, there is no inactivity fee charged by Vantage.

Vantage Deposits & Withdrawal

There are three distinct trading accounts offered by Vantage, Standard STP, RAW ECN, and Pro ECN, in various base currencies. Additionally, the broker offers several funding methods, including the most popular e-wallets:

Account currencies:

USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY. The account currency may be subject to the entity selected by Vantage.

• The minimum deposit for a standard STP account: $200.
• The minimum deposit for a Raw ECN account: $500.
• The minimum deposit for a Pro ECN account: $20,000.

Funding methods:

Credit/debit cards, BPAY, POLi, JCB, China Union Pay, Neteller, Skrill, AstroPay, Broker to Broker, FasaPay. The funding methods' availability depends on the selected account currency and contracting entity.

• Deposit fees: Deposit fees are not charged by Vantage.
• Deposit processing times: Bank wires take from instant to five working days.
• Withdrawal fees: Vantage offers free deposits and withdrawals. Nevertheless, payments to and from overseas banks may incur intermediary transfer fees independent of Vantage. Any such fees are the responsibility of the client.
• Withdrawal processing times: It takes one to five days for a bank wire to be processed.
• Inactivity fee: Vantage does not currently charge subscription fees or account maintenance fees.

Is Vantage UK Safe?

Licensed to operate in Australia under Vantage Global Prime Pty Ltd, Vantage is an ASIC-regulated broker. Using the number 428901, you can verify Vantage's ASIC license.

Vantage Global Prime LLP (590299) is regulated by the Financial Conduct Authority (FCA) in the UK.

The company also has CIMA regulations for its international entity, Vantage International Group Limited (1833491). Additionally, Vantage Global Limited has a VFSC regulation (Reg. No. 700271).

As a trader, this range of compliant regulations allows a broker to build trust with you while keeping your trading safe and secure.

Money Protection

Aside from the secure regulatory environment that the broker provides, they also offer some key features to protect you and your money.

Standard features include negative balance protection. In other words, you cannot lose more than what you have deposited with the broker. You can also open segregated accounts, ensuring your money is safe in bankruptcy or insolvency.

If anything goes wrong and your money is affected, ICF insurance can compensate you up to £85,000.

Awards

It is always a pleasure to work with an award-winning broker. At Vantage, you will be doing exactly this. To date, they have won 8 industry awards.

Several of these have been around for some time and continue to grow worldwide. In addition, the company has won three Financial Trading Services Provider of the Year awards, from Global 100  (2017), Fintech Awards (2018), and CV Magazine  (2019).

These hard-to-win awards reinforce vantage's positive and well-supported position.

Vantage UK – Verdict

Overall, Vantage is one of the better brokers operating on the market today, thanks to its dedicated efforts to deliver excellent added value for its clients. In addition to offering a wide range of financial instruments, it also provides exceptional trading tools. Furthermore, the broker's commissions and fees schedule is very straightforward, emphasizing speedy execution.

Overall, Vantage's award-winning trading ecosystem offers investors the tools to spot emerging market opportunities and capitalize on them quickly.

Your capital is at risk.

FAQs