Vantage Markets Featured Image

Vantage Markets broker review and test – Is it a scam or not?

5 out of 5 stars (5 / 5)
0.0 Pips
$ 200
Vantage Markets logo

Today, the selection of online brokers is extensive, and finding a trusted trading partner isn’t easy. Vantage Markets is a well-known company from Australia, which also serves international customers, but is Vantage Markets a good forex broker or not? – In this review, you can read about my personal experiences with the leveraged derivatives online broker. Find out about the conditions for traders and find out if investing your money there is worthwhile.

official website vantage markets
The official website of Vantage Markets

(Risk warning: Your capital can be at risk)

What is Vantage Markets? – The company presented

vantage markets MetaTrader 4 platform
The Vantage Markets – MetaTrader 4 trading platform

Vantage Markets is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company has existed since 2009 and knows exactly how to respond to the wishes of its customers. The broker is mainly based in Level 29, 31 Market Street, Sydney NSW 2000, Australia, and accepts traders from almost every country. But they also got business addresses in the Cayman Islands and Vanuatu.

Vantage stands for transparent trading on the financial markets. This can only be said of some brokers and is very difficult to recognize, especially for beginners. The strengths of Vantage Markets are transparent order execution and liquidity delivery. It is one of the few true ECN brokers. This means that the broker is connected to a network of large liquidity providers. These accept the order of the traders. The liquidity providers are transparently visible on the homepage. Large, well-known banks (HSBC, Bank of America, UBS, and more) are among them.

Vantage markets liquity providers
Liquidity providers of Vantage Markets

Facts about Vantage Markets:

5 / 5
🏛 Founded:
💻 Trading platforms:
MetaTrader 4, MetaTrader 5, ProTrader, WebTrader,
💰 Minimum deposit:
💱 Account currencies:
💸 Withdrawal limit:
No limit (restrictions for withdrawals via bank transfer from some counties apply)
📉 Minimum trade amount:
$1,000 trading volume / 0.01 lot
⌨️ Demo account:
Yes, up to $100k
🕌 Islamic account:
🎁 Bonus:
Up to $20,000 deposit bonus
📊 Assets:
Forex, Indices, Precious Metals, Soft Commodities, Energy, EFTs, Bonds
💳 Payment methods:
Domestic or international bank transfer, credit card, debit card, JCP, China Union Pay, Neteller, Skrill. Asapay. Astropay, Broker-to-Broker
🧮 Fees:
Starting at 0.0 pip spread, variable overnight fees
📞 Support:
24 / 5 via, chat, e-mail, phone or social media
🌎 Languages:
Website available in 22 languages, but support in English only

(Risk warning: Your capital can be at risk)

What are the pros and cons of Vantage Markets?

Before you choose your broker, you should do a lot of research. We understand with the vast number of brokers available, it can be challenging to choose. After carefully testing Vantage Markets and comparing it with other providers, here are our main pros and cons to give you some guidance:

Pros of Vantage Markets
Cons of Vantage Markets
✔ Extremely low fees
✘ Customer support is available in English only
✔ Leverage of up to 1:500, which is one of the highest in the industry
✘ The withdrawal process may take up several days
✔ Knowledgeable customer support
✔ Generous deposit bonus for new accounts
✔ Many settings in an account are adjustable to own preferences
✔ Great conditions for forex trading
✔ Supports MetaTrader 4 / 5

Regulation and safety of the customer funds

For secure online trading, broker regulation is required by most traders. The company must have an official license (through licensing/regulation) from a government agency to offer financial products. Official laws are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules, an immediate withdrawal of the regulation and license threatens. The regulation thus creates a high degree of trust between the trader and the broker. Fraud can be completely ruled out with an utterly regulated offerer to 99%.


Overall, Vantage Markets offers a very high level of security. The broker is regulated by the Australian regulator ASIC, the Cayman Islands Monetary Authority CIMA, and is audited by KPMG (auditing firm). 

cima logo

Every quarter, the security and administration of client funds are reviewed, and corresponding financial reports are published. For Vantage Markets, the safety of client funds is essential. Therefore, there is also additional protection by liability insurance of 20 million USD.

regulation of Vantage broker
Regulation of Vantage Markets

Client funds are kept with the National Australia Bank. This bank has the highest rating and a more than $ 93 billion market capitalization. This is one of the safest banks in the world, and client funds are kept separate from company funds. Vantage Markets is one of the safest brokers in the world compared to other brokers due to the facts mentioned above. No other company offers such security as Vantage Markets through so many parts of the business.

Reasons why Vantage Markets is one of the safest brokers:

(Risk warning: Your capital can be at risk)

Is Vantage Markets easy to use?

While every broker might have his or her own preferences and requirements for their broker, here are a few important aspects to consider:

General Website Design and Setup
★★★★ Clean and easy to navigate but less information compared to some competitors
Sign-up Process
★★★★★ Extremely easy and fast sign-up process
Usability of trading area
★★★★★ The amount of customizable settings is impressive
Usability of mobile app
★★★★ The app is handy, and trading over a mobile phone is very easy

What are the conditions for Traders of Vantage Markets?

Overall, Vantage Markets has more than 180 different tradable assets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is huge, and every trader should find their matching asset to trade. In addition, the broker constantly strives to expand the offer and implement new markets.

Vantage Markets also offers three different account models (STP, RAW ECN, and PRO ECN – more on that below). The leverage can be up to 1:500 high for all accounts, and the spreads start depending on the account model from 1.4 pips or 0.0 pips. The commission per traded one lot is either $ 3 or $ 2 high. This is, from my experience, a very small and cheap value. Therefore, Vantage Markets is among the cheapest forex brokers.

Vantage FX

Eight different base currencies are available for the trading account, and an Islamic account version is adjustable. Incidentally, there are no hidden account maintenance fees. After my tests, the execution for trades at Vantage Markets is sensational and happens directly without requotes. You can rent a VPS server if you need an even faster connection. The support team will be happy to help. In summary, Vantage Markets stands for a professional trading experience at low fees. The offer and the terms of the broker exclude the competitors.

500+ (UK, US, Europe, Australia)

Facts about the trading conditions:

  • Minimum deposit $ 200
  • Over 300 different markets
  • Several account models (commission-based and spread-based)
  • Leverage up to 1:500
  • No account maintenance fees
  • Very cheap trading fees
  • Spreads starting at 0.0 Pips

High leverage for European traders – Avoid ESMA regulation

The new ESMA regulations mean that brokers in the EU can no longer lend high leverage to private traders. The maximum leverage for private traders in Europe is 1:30. As a result, many trading strategies are no longer feasible, and many traders restrict trading. A way out of the new bureaucracy will provide brokers with a license and regulation outside Europe. Vantage Markets is unaffected by ESMA regulation and offers all traders high leverage of 1: 500. Also, traders can trade under the ASIC or CIMA regulation.

(Risk warning: Your capital can be at risk)

Test and review of the Vantage Markets trading platform

vantage markets metatrader chart with macd indicator
The Metatrader is a user-friendly and customizable platform for beginners and advanced traders

Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms. This platform is available for every device. You can use your computer, browser, or mobile device. The MetaTrader has already been tested many times and is highly developed. It is one of the best trading platforms for traders. Our tests and experiences confirm this because we like to use the MetaTrader ourselves. In the following section, we will introduce you to the features and functions of the trading platform.

Offered trading platforms: 

  • MetaTrader 4
  • MetaTrader 5
  • ProTrader
  • Vantage Markets Mobile App

(Risk warning: Your capital can be at risk)

Charting and analysis for successful trading

For charting, several ways of representation can be used. Also, additional add-ons or indicators can be added to improve the charting. The MetaTrader will be installed with a wide range of standard indicators. These are usually sufficient for a detailed analysis. On request, however, self-programmed tools can also be added to the software. This is not a problem because the MetaTrader is very functional.

There are enough drawing tools available for technical analysis. Whether horizontal or vertical lines. In this software, you will find everything you need to perform a professional analysis.

The MetaTrader 5 trading platform of Vantage Markets

Facts of the MetaTrader 4/5: 

  • Indicators for trend and reversal trading
  • Technical drawing tools
  • Install add-ons and tools for free
  • Multi-Charting
  • Very fast execution
  • User-friendly
  • Available for any device
  • MetaTrader 4/5 is also available in web format so no download is required

Facts of the ProTrader

  • 12 different charts and up to 8 timeframes
  • Access to many technical indicators and oscillators
  • Built-in market live market news

Mobile trading for any device

As mentioned above, the MetaTrader is very compatible. You only need single access for each device. With your account data, you can log in to any device. Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone.

Open your free account with Vantage Markets

The account opening process is straightforward with Vantage Markets. You can create your trading account in just a few steps. In the following section, we will guide you through the depot opening. After entering your personal data, the email address must be confirmed. In addition, the broker asks you to verify the account with appropriate documents before the first deposit.

Vantage account opening form

The verification is similar to any other broker as well. To do so, upload a photo of proof of identity and proof of residence. The documents are usually confirmed within 24 hours (that’s how it was for me), and then all the functions of the trading account are available to you.

(Risk warning: Your capital can be at risk)

Free and unlimited demo account

A demo account is a virtual balance account. Traders can thus trade on real terms and simulate real money trading without risk. It is, so to speak, “play money” which can be invested. The demo account is excellent for testing new strategies or markets. Even beginners or new customers can try the trading conditions and the broker’s offer. Vantage Markets offers a free demo account, which is also unlimited here. You can use it indefinitely and recharge it at any time.


The demo account is the best way to practice trading and improve investment results.

The minimum deposit and review of transactions of customer funds

Generally, the minimum deposit at Vantage Markets is $ 200. From this amount, a Standard STP account can be opened. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is elementary and works through proven methods.

Payment methods for the deposit: 

Deposit methode
Processing time
Available currencies
Domestic bank transfer
1-2 business days
Domestic Fast Transfer (Australia only)
A few hours
International bank transfer
2-5 business days
Fees from your financial institution may apply
Debit / Credit card (Visa and Mastercard)
China Union Pay
Subject to Neteller’s fees
Within 24 business hours
Subject to Skrill’s fees
USD + Most local currencies
Broker-to-Broker transfer
2-5 business days
Subject to bank transfer fees

Thailand Instant Bank
Wire Transfer

(Risk warning: Your capital can be at risk)

How does Vantage Markets make money from you?

Like other reputable online brokers, Vantage Markets makes the majority of its income from spreads or commissions from the traders, depending on the account type. But, in return, the broker will reinvest a lot of those gains in improved customer support, security features, and other things that will make your life as a professional trader easier at the end of the day.

It is also worth mentioning Vantage Markets has some of the lowest fees on the market, and if this is an essential aspect for you, then this broker is one of the best options worldwide.

The different account types for traders

vantage account types

There are three different models available. The only difference is in the design and the trading costs. Vantage Markets offers extremely low fees, especially for higher deposits. Higher trading volume allows the broker to earn more money and give you better terms. The following table provides more information about the characteristics of the different account models:

$ 200
$ 500
$ 20,000
1.4 Pips +
0.0 Pips +
0.0 Pips +
$ 3 per 1 traded Lot (overall $ 6 per trade)
$ 2 per 1 traded Lot (overall $ 4 per trade)

No conflict of interest because of ECN

Vantage Markets is undoubtedly not a market maker broker. This means there is no conflict of interest between the broker and the trader. Some brokers only earn on the loss of traders and do not sell the orders to the markets. This is very untransparent in most cases. As you can see on the homepage of Vantage Markets, there is high transparency. The broker is an actual ECN broker (see Liquidity Provider) and only earns on the spread and paid trades commissions. Therefore, an interesting conflict can be excluded.

Is there negative balance protection on Vantage Markets?

Stock market trading is risky, and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, a responsibility to make further payments can hardly happen. The not available negative balance protection only shows that Vantage Markets is a real ECN broker.

(Risk warning: Your capital can be at risk)

Our experience with the withdrawals

In the client portal, click on “Funds” on the left side and then click on “Withdraw Funds”. After that, select the trading account, the amount, and the withdrawal method for the withdrawal. Enter all the details and confirm the withdrawal. See the picture below:

vantage withdrawal
Withdrawal at Vantage Markets

At Vantage Markets, you do not have to worry about the payout. Due to the abovementioned regulations and licenses, the broker is a very safe trading partner. The withdrawal works with the same methods as the deposit. Vantage Markets processes withdrawals every business day during regular working hours. Within 24 hours, the withdrawal should be executed during the week.

Another advantage of the broker is that there are no fees on the withdrawal. However, there may be fees charged by your personal bank for an international wire transfer. In summary, the withdrawal process works smoothly with this broker and is also free of charge! Another plus point for Vantage Markets.

  • Payouts take a maximum of 3 days
  • Within the week, withdrawals are processed within 24 hours
  • No additional fees

Vantage Markets support and service for traders

vantage support

To allow a final verdict, the support and service for traders must also be tested. Trusted support is essential for most traders. I would also like you to close positions internally by phone or chat in emergency situations. Vantage Markets offers comprehensive support via phone, chat, or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

Unfortunately, support is only available in English. The website has been translated into German, Chinese, Indonesian, and more. The support is in English, and other languages are missing. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast. Especially over the chat, you get a speedy service.

Vantage support TeamViewer

Also, training for traders is available on the platform. Every day, analyses are published, and even webinars are held. The broker offers a complete package for the beginner or advanced trader. Another advantage is the support of the use of Teamviewer. In case of significant problems, the support can access your computer via external software (Teamviewer). This service is a real selling point of Vantage Markets. Overall, the support is doing very well for me. The service shows high professionalism and speed.

Customer care number:
Email support:
Live chat:
+ 44(0)20 7043 5050
Yes, available

The service of Vantage Markets: 

  • Support 24/5
  • Phone, Chat, and Email
  • 1-on-1 service and support
  • Analysis and education center

(Risk warning: Your capital can be at risk)

What are the best Vantage Markets alternatives?

We now showed you all the advantages and disadvantages of the Broker to help you make an informed decision. Before we conclude the article, we would like to introduce you to the alternatives to Vantage Markets in case you feel like you need a different fit for you. logo is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team. If you lack trading experience or knowledge, then is the best option. On the downside, fees and commissions tend to be slightly higher than on other platforms.


RoboForex Logo

The next potential alternative you could consider is RoboForex. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution. They offer seven asset classes and more than 12,000 markets to trade. Roboforex is registered in Belize, and regulated by the CySEC, FCA, ASIC, and FSA. According to their website, more than 900,000 customers are registered on their site. Don’t forget to read our full review on Roboforex before you test it out.


xtb logo

Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them.

Conclusion of the Vantage Markets review: Professional online broker – No scam detected

Advantages of the forex broker Vantage Markets

In summary, Vantage Markets is among the best brokers out there. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.

The broker offers you the options you need for professional trading. From our experience, there are no disadvantages except the language barrier in English using the support. Vantage Markets is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders.

If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.

The advantages of Vantage Markets:

  • Regulated and safe Forex Broker
  • Real ECN Trading
  • The best trading conditions for Forex
  • Very fast execution
  • Reliable support and service
  • No hidden fees
  • Low trading fees
  • Supports MetaTrader 4/5
  • Free bonus available

Vantage Markets Review

Overview and test of Vantage Markets

Trusted Broker Reviews

Vantage Markets logo
Trading offers
Customer support


Vantage Markets is an excellent forex broker that offers real ECN trading and perfect trading conditions for forex trading.


From us, the broker gets a very good rating because he excludes its offer and the trading conditions 100% of other providers. 5 out of 5 stars (5 / 5)

Trusted Broker Reviews Logo

Trusted Broker Reviews

Experienced traders since 2013

(Risk warning: Your capital can be at risk)

FAQs – The most asked questions about the broker Vantage Markets:

What is the Vantage Forex Broker’s minimum deposit/withdrawal amount?

The minimal deposit on Vantage Markets is $200, and the minimum withdrawal is $0.

The RAW ECN account requires at least $500 to open. Just keep in mind that you can start and maintain a live trading account having a $0 balance and that there are no account holding or maintenance fees. The minimum deposit is $50 for all future deposits.

Are there any fees for either deposits or even the withdrawals that customers make?

No, there aren’t any costs for deposits or even withdrawals.

Although deposits at Vantage Markets can be made for free with no fees incurred, some withdrawal processes have a cost. 

In addition to Skrill, Neteller, BPay, Poli, credit cards, debit cards, and UnionPay transfers, Vantage Markets now accepts bank wire transfers, local bank transfers, and credit and debit cards.

All forms of payment have no additional costs for deposits; however, customers are still responsible for whatever fees their banks may levy. All withdrawal applications are processed Monday – Friday, 9 am to 7 pm (AEST), within a single business day.

How can I reach customer assistance at Vantage Markets?

Vantage Markets is legitimate because of its multi-award-winning customer service, which you may contact by phone, email, or live chat.

See other articles about online brokers:

Last Updated on June 7, 2023 by Res Marty