Vantage Markets offers trading in the financial markets since 2009. The broker has received several licenses and promises its clients narrow spreads and the best trading conditions. However, reviews about it are very contradictory. What’s happening? Is this company a scam? Or a reliable Forex broker? Is it safe to trade here?
Table of Contents
Highlights
| 🏛️ Country | Australia, Cyprus, Cayman Islands, Vanuatu. |
| ⚠️ Regulation | CIMA, ASIC, CySec, VFSC |
| 🖥️ Website | https://www.vantagemarkets.com/ |
| 🎲 Demo Account | Yes |
| ⏳ Start Time | 2009 |
| 💲 Minimum Deposit | $50 |
| ⚖️ Minimum and Maximum Leverage | 1:1, 1:500 |
| ⚙️ Trading Platform | MT4, MT5, Webtrader |
| support@vantagefx.com | |
| 📞 Phone | +61 2 8999 2044, +44 2080 363 883 |
First Impression of Vantagemarkets.com
The official Vantage Markets website looks rather typical. A company that has been operating for more than ten years could create something more original. Perhaps the only plus here is the presence of several languages. Useful content is not enough. The focus of the site is on advertising. There are a lot of banners with promises of narrow spreads, zero commissions, bonuses, etc.
Partnership and Bonuses
Vantage Markets offers several partner programs.
- CPA Affiliate Program. In this case, you will receive a fixed reward for each invited client. By the way, it varies depending on the country of residence of the trader. For a citizen of the European Union, you will receive about $600, and if you invite someone from an offshore jurisdiction, you will receive only $100. Your referral has to deposit at least $500 and fulfill certain conditions.
- Introducing brokers. You will receive a fixed payout for new clients attracted to the company. It can reach $8 per client’s trading lot. These two programs can be combined into one. You can choose how to receive rewards for referrals.
Account Opening on Vantagemarkets.com
Registration on the site takes far from 5 minutes. Only the first form here is small. You still have to fill in a lot of data about yourself. You need to indicate your first and last name, contact details, place of residence, date of birth, number of identification documents. Vantage Markets also wants to know the size of your income and experience in trading.
The Client Portal on the site is standard. Here you can fund your account, make changes to your profile, download terminals, get education, etc.
Verification
Verification is rather simple. You only need to upload two documents. The first one is verifying your identity. ID card, passport, license will be suitable. The second one is needed to confirm the place of residence. It could be utility bills, bank statements, and residence certificates.
- Verification is simple
- It is convenient to upload documents to the form.
- How long the check will take is not indicated
- There may be problems uploading documents
- The alternative verification by mail takes longer.
Trading Software
A trader can choose between Vantage Markets software and MetaTrader. We recommend choosing the second option. Besides, the broker supplies both the fourth and fifth versions. Vantage Markets platform is not so popular, while MetaTrader is a Forex industry standard.
| Features | Vantage Markets | Axi | Oanda |
|---|---|---|---|
| Demo Account | ✔️ | ✔️ | ✔️ |
| Mobile App | ✔️ | ✔️ | ✔️ |
| Own Development | ✔️ | ❌ | ✔️ |
How Can I Trade With Vantage Markets?
Vantage Markets offers CFD trading on Forex, shares, indices, and other assets. Leverage varies depending on the instrument and on which branch you have opened an account with. If we are talking about offshore, then you will get leverage up to 1:500 and maybe even bonuses. In any case, you will only need $50 minimum deposit.
All Info About Accounts
Unlike many other brokers, Vantage Markets divides accounts not by the amount of deposit, but by technology. You will be able to open an STP or ECN account. However, classic Forex trading is missing here. Also, micro accounts are available, as well as an Islamic account.
- There are several different technologies.
- Demo account
- Swap free account.
- No additional services.
- You will not be able to choose which branch you will be served at.
Market Analysis and Education With Vantagemarkets.com
Vantage Markets has special tools for traders. It’s a pity that they become available only after you fund your account with at least a thousand dollars. You can also get trading signals. However, their quality and quantity again depends on the size of your deposit. The education on the site can hardly be called good. In fact, all the tutorials here teach how to use the terminal, not how to trade.
Deposit, Withdrawal, and Fees
Deposits and withdrawals are only available via wire transfer and card. And here’s a surprise: when you fund your account with a card, standard verification will be enough for you. As soon as you want to withdraw your profit, Vantage Markets will ask for a bank statement.
Processing withdrawal requests slowly. It takes 3 to 5 days. If support asks for additional documents, the withdrawal will take even longer.
| Features | Vantage Markets | IC Markets | Axi |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ❌ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ❌ | ❌ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ✔️ | ✔️ | ✔️ |
How Can I Contact It?
Contact details are complete. You can contact Vantage Markets via email, phone, or live chat.
- Many contacts
- Live chat.
- Support is mostly English-speaking
- You will have to wait a long time for a response.
- Support works 24/5
Is Vantage Markets Dangerous?
The broker operates in several countries quite legally. It has received several licenses and calls itself reliable. Is everything as good as it seems?
How Long Does The Broker Work?
Vantage Markets says that it has been working since 2009. However, the site that we are now reviewing appeared only in 2017. Perhaps the broker changed the domain name. It’s also interesting that it’s better known on the internet as Vantage FX. Besides, it may have a few more sites. Usually brokers with a presence in several countries use individual domains for different jurisdictions. They do this because the conditions for customers from different countries are varied too.
How Is Vantage Markets Regulated?
The broker has received several licenses from respected regulators such as the FCA and ASIC. However, only clients living in these countries can rely on the supervision of these authorities. There are no exceptions for other traders. All of them will be served in an offshore branch in the Cayman Islands or Vanuatu.
Thus, the trading conditions for these clients are much worse. Vantage Markets offers them an unsafe leverage of 1:500 and deposit bonuses of up to 50%.
| Features | Vantage Markets | Oanda | Axi |
|---|---|---|---|
| European Zone | ✔️ | ✔️ | ✔️ |
| Asian Zone | ❌ | ❌ | ✔️ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ✔️ | ✔️ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Vantage Markets?
Is Vantage Markets Legit?
How Risky Is Vantage Markets?
Kevin Berry Another kind of licensed CFD broker with offshore affiliates. I have no idea who wants to trade here? But 15 million visits in November tell me I’m wrong about something. Well, there are ECN and STP accounts here, I put a plus. Otherwise, there is nothing new. Outstanding conditions, the best software, a variety of payment systems is not what you will find here. Decide for yourself!
Vantage Markets rating
3 reviews about Vantage Markets
I have problems with the trading process. Orders in the terminal open very slowly. It’s something new and has never happened before. Vantage Markets definitely started to get worse.
It’s the fake broker who disguises itself as a legitimate one. If you want to try your luck, start trading here. I warn you, the minimum deposit is not true. After your first fund, the manager will tell you that it’s not enough and you need to deposit more money. Then you will lose it literally overnight. Moreover, the unprofitable transaction will not be opened by you, but by someone unknown. If anything, that was a few years ago. My experience.
I often began to see negative reviews about Vantage Markets on the Internet. Unfortunately, I am ready to confirm them. Over time, the broker somehow began to deteriorate. Problems with money withdrawal began. The terminal does not work well. I have to wait days for answers from support. Most likely I will look for another company.