Vantage Review

Active forex and CFD traders

ASIC FCA FSCA CIMA FSC VFSC

Founded 2009 · Australia

Why investors choose this broker

Regulated by ASIC and FCA - both tier-1 authorities
Raw ECN spreads from 0.0 pips on forex
No deposit or inactivity fees
Free $100,000 demo account with unlimited duration

Review summary

Vantage is a forex and CFD broker founded in 2009, offering 1,000-plus instruments across three account types on MT4, MT5 and ProTrader.

Pros

Regulated by ASIC and FCA - both tier-1 authorities
Raw ECN spreads from 0.0 pips on forex
No deposit or inactivity fees
Free $100,000 demo account with unlimited duration
Integrated copy trading via ZuluTrade, DupliTrade and Myfxbook AutoTrade
Free VPS hosting available for active traders
Supports MT4, MT5 and TradingView through ProTrader
Over 1,000 tradeable instruments across forex, CFDs, stocks, ETFs, bonds and crypto

Cons

Pro ECN account requires a $10,000 minimum deposit
Standard STP spreads are wider than ECN accounts, averaging around 1.3 pips on EUR/USD
Cryptocurrency trading limited to select jurisdictions
No proprietary stocks or ETFs for direct ownership - all instruments are CFDs
Copy trading features vary by jurisdiction - ZuluTrade and DupliTrade are not available to ASIC-regulated Australian clients
Customer support response times can be slower outside Australian business hours

Company background

Vantage was founded in 2009 in Sydney, Australia, originally as MXT Global, before rebranding as Vantage FX in 2015 and then to Vantage in November 2022 to reflect its expansion beyond foreign exchange. The broker is independently owned with no public parent company and operates through six regulated entities across Australia, the UK, South Africa, the Cayman Islands, Mauritius and Vanuatu. It offers access to more than 1,000 instruments including forex, stock CFDs, indices, commodities, ETFs, bonds and cryptocurrencies.

Fees and pricing

Vantage offers three account types. The Standard STP account has no commission with spreads averaging around 1.3 pips on EUR/USD. The Raw ECN account charges $3 per side ($6 round-turn) per standard lot with spreads from 0.0 pips and a $50 minimum deposit. The Pro ECN account charges $1.50 per side ($3 round-turn) per lot but requires a $10,000 minimum deposit. Swap-free accounts are available in select jurisdictions.

There are no account opening, management or inactivity fees. Card and e-wallet deposits are free. The first international wire withdrawal per month is free; additional wire withdrawals in the same month may attract a bank processing fee. Overnight swap fees apply to leveraged positions held past market close.

Regulation and safety

Vantage Global Prime Pty Ltd holds ASIC licence 428901 in Australia. Vantage Global Prime LLP holds FCA reference 590299 in the UK. Further entities are regulated by the FSCA (South Africa, licence 51268), CIMA (Cayman Islands, licence 1383491), the FSC (Mauritius) and the VFSC (Vanuatu). Client funds are held in segregated accounts at major banks separate from company operational funds. The applicable protection scheme depends on the entity serving the client.

Platform experience

Vantage supports MetaTrader 4, MetaTrader 5 and Vantage ProTrader, a proprietary platform powered by TradingView charting, available on web, iOS and Android. A free $100,000 demo account with no time limit is provided to all registered users. Active traders can apply for free VPS hosting. Copy trading is accessible through ZuluTrade, DupliTrade and Myfxbook AutoTrade for eligible clients starting from $50, though availability varies by jurisdiction.

Pros and cons

Vantage's main strengths are its ASIC and FCA regulation, Raw ECN spreads from 0.0 pips, a 1,000-plus instrument range, no deposit or inactivity fees, a free unlimited demo account, free VPS hosting and an integrated copy trading ecosystem across three third-party platforms. The main drawbacks are the $10,000 minimum for Pro ECN rates, CFD-only equity access with no direct share ownership, restricted cryptocurrency and copy trading availability in some jurisdictions, and Standard STP spreads that are wider than ECN alternatives.

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Trading fees & commissions

Standard STP account carries no commission with spreads from around 1.0 pip on EUR/USD; Raw ECN account charges $3 per side ($6 round-turn per lot) with spreads from 0.0 pips. Deposits and withdrawals are free for most methods; wire transfers beyond the first free monthly withdrawal may incur a bank fee.

Fees

Item	Fee
Cfds	Spread-based; varies by instrument and account type
Crypto	Available as CFDs in select jurisdictions; spread-based pricing
Margin	Overnight swap fees apply to leveraged positions held past market close; rates vary by instrument
Account	No account opening or management fee
Deposit	No deposit fee for cards and e-wallets
Inactivity	No inactivity fee
Withdrawal	First international bank wire per month free; subsequent wires may incur a fee charged by the processing bank

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
Vantage ProTrader
Web app
iOS app
Android app

Regulation and investor protection

Vantage operates through entities regulated by ASIC and FCA, as well as FSCA, CIMA, FSC and VFSC across other jurisdictions. Client funds are held in segregated accounts at major banks separate from company funds.

Broker FAQs

Is Vantage safe?

Vantage operates through entities regulated by ASIC and FCA, both tier-1 authorities, as well as FSCA, CIMA, FSC and VFSC. Client funds are held in segregated accounts at major banks, separate from company funds.

Is Vantage a scam?

No. Vantage has been operating since 2009 and holds active licences from ASIC in Australia and the FCA in the United Kingdom, both internationally recognised tier-1 regulators.

Is Vantage regulated and by whom?

Yes. Vantage is regulated by ASIC (Australia, licence 428901), FCA (UK, reference 590299), FSCA (South Africa, licence 51268), CIMA (Cayman Islands, licence 1383491), FSC (Mauritius) and VFSC (Vanuatu). The entity serving a given client depends on their country of residence.

Does Vantage keep client funds in segregated accounts?

Yes. Vantage states that client funds are held in segregated accounts at major banks, separate from the company's own operational funds.

What happens to my money if Vantage goes bankrupt?

Client funds are held in segregated bank accounts and are not commingled with company funds. The applicable compensation scheme, if any, depends on which Vantage entity holds the account and the client's country of residence.

What products does Vantage offer?

Vantage offers CFDs on forex (60-plus pairs), stock indices, individual shares (800-plus), commodities, ETFs, bonds and cryptocurrencies (in select jurisdictions), totalling more than 1,000 instruments.

Does Vantage offer forex trading?

Yes. Vantage lists over 60 forex pairs across its account types, with spreads from 0.0 pips on Raw and Pro ECN accounts.

Does Vantage offer stock CFDs?

Yes. Vantage offers CFDs on more than 800 individual shares. These are derivative instruments and do not convey ownership of the underlying shares.

Does Vantage offer crypto trading?

Vantage offers cryptocurrency CFDs in select jurisdictions. Availability depends on the regulatory entity serving the client and their country of residence.

Does Vantage offer copy trading?

Yes. Vantage integrates with ZuluTrade, DupliTrade and Myfxbook AutoTrade for eligible clients, with copy trading starting from a $50 minimum. Availability varies by jurisdiction - ZuluTrade and DupliTrade are not available to clients on the ASIC-regulated Australian entity.

What does Vantage charge for forex trading?

The Standard STP account carries no commission with spreads averaging around 1.3 pips on EUR/USD. The Raw ECN account charges $3 per side ($6 round-turn) per standard lot with spreads from 0.0 pips. The Pro ECN account charges $1.50 per side ($3 round-turn) per lot and requires a $10,000 minimum deposit.

Is there a withdrawal fee at Vantage?

Vantage does not charge withdrawal fees for cards or e-wallets. The first international bank wire withdrawal per calendar month is free; subsequent wire withdrawals in the same month may be subject to a fee charged by the processing bank.

Does Vantage charge an inactivity fee?

No. Vantage does not charge an inactivity fee regardless of how long an account remains dormant.

Does Vantage have a demo account?

Yes. Vantage provides a free demo account funded with $100,000 in virtual funds. The demo has no time limit and is available to all registered users.

Does Vantage have a mobile app?

Yes. Vantage offers iOS and Android apps, as well as web-based access through the Vantage ProTrader platform.

Is Vantage good for beginners?

Vantage offers a free unlimited demo account, educational articles and a $50 minimum deposit on entry-level accounts. However, its product range focuses on leveraged CFDs, which carry high risk, so beginners should use the demo account and educational resources before trading live.

Is Vantage good for long-term investing?

Vantage is primarily a CFD and forex broker, and all equity and ETF exposure is through derivative instruments rather than direct share ownership. Long-term investors seeking to hold assets outright may find a stock-broking or investment platform more suitable.

Bottom line

Vantage suits users who want competitive ECN-style forex and CFD trading conditions, dual tier-1 regulation from ASIC and FCA, a broad instrument range and integrated copy trading tools. It may not suit users who want direct share ownership, the lowest possible commissions without a $10,000 deposit, or full copy trading access from an ASIC-regulated Australian account.

Vantage

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.