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Vantage review
Sydney-based multi-asset broker founded in 2009, regulated by ASIC, the VFSC and the FSCA, with raw ECN pricing and a wide platform choice.
8.9/10
Analysis of public sources- ASIC
- VFSC
- FSCA
- Since 2009
Our verdict on Vantage
In short
Vantage is an Australian broker founded in 2009 and regulated by ASIC, the Vanuatu Financial Services Commission and the FSCA. It offers raw ECN pricing, MetaTrader 4 and 5, TradingView and its own ProTrader platform, plus integrated copy trading.
Who is it for?
Ideal for traders who want low-cost raw pricing and a wide platform choice, and for those interested in copy trading.
Who it suits less
Less suited to traders who want to be onboarded by a tier-1 regulator outside Australia, since most international clients are served by the Vanuatu entity.
Vantage overview
Vantage, formerly Vantage FX, was founded in Sydney in 2009. The group holds an ASIC licence in Australia, is regulated by the FSCA in South Africa, and serves most international clients through an entity regulated by the Vanuatu Financial Services Commission (VFSC).
Vantage offers Standard STP, Raw ECN and Pro ECN accounts. The Raw ECN account combines spreads from 0.0 pip with a commission of about $3 per side. Clients can trade on MetaTrader 4, MetaTrader 5, TradingView, ProTrader (a TradingView-powered web platform) and the Vantage app, which includes copy trading.
In our comparison, Vantage ranks seventh with a rating of 8.9 out of 10. Its platforms and pricing are strong; its regulation score is lower because international clients are usually served by the VFSC entity, which offers fewer protections than tier-1 regulators.
Pros and cons
Pros
- Raw ECN spreads from 0.0 pip with a low commission
- MT4, MT5, TradingView and ProTrader
- Copy trading integrated in the Vantage app
- Regulated by ASIC and the FSCA
- Low minimum deposit
Cons
- International clients usually onboarded by the Vanuatu entity
- Fewer statutory protections outside Australia
- Narrower stock CFD range than multi-asset leaders
- Educational material less developed than the leaders
Fees and commissions
Vantage's Standard STP account has no commission, with spreads from 1.0 pip. The Raw ECN account starts at 0.0 pip with a commission of about $3 per side per lot ($6 round turn), and the Pro ECN account lowers the commission further for larger balances. Most deposit methods are free.
| Fee type | Details |
|---|---|
| Spread EUR/USD | From 1.0 pip (Standard STP), from 0.0 pip + commission (Raw ECN) |
| Commission | None on Standard STP; about $3 per side per lot on Raw ECN |
| Overnight financing (swap) | Charged on positions held overnight; swap-free accounts available |
| Deposit fees | Free for most methods |
| Withdrawal fees | Free for most methods; international bank wire fees may apply |
| Inactivity fee | None |
Trading platforms
Vantage offers one of the widest platform choices in our comparison: MetaTrader 4, MetaTrader 5, direct TradingView trading, ProTrader (a web platform built on TradingView charts) and the Vantage app, which combines trading, copy trading and account management.
TradingView and ProTrader
Direct TradingView trading, and a TradingView-powered web platform.
- Trade from the chart
- Pine Script indicators
- Alerts
- Web access
Vantage App
Mobile trading with integrated copy trading.
- Copy trading
- Mobile charts
- Account funding
- Market news
Available instruments
- 50Forex pairs
- 800Stocks
- 50ETFs
- 20Commodities
- 20Indices
- 40Cryptocurrencies
- 5Bonds
Approximate figures published by the broker. The exact list may vary by account type and by the entity that holds your account.
Deposits and withdrawals
- Minimum deposit
- $50 (Standard STP)
- Payment methods
- Processing times
- Instant deposits by card and e-wallet. Withdrawals processed within 1 business day.
- Fees
- No deposit fees for most methods. International bank wire withdrawals may incur bank charges.
Customer service
- Languages
- Opening hours
- 24 hours a day, 7 days a week
- Contact channels
Safety and regulation
Vantage is supervised by ASIC in Australia, which requires segregated client funds and negative balance protection for retail clients, and by the FSCA in South Africa. Most clients outside these countries are onboarded by the entity regulated by the Vanuatu Financial Services Commission, which allows leverage up to 500:1 but offers fewer protections. Vantage states that it holds additional professional indemnity insurance.
- Main regulators
- ASIC (Australia)
- Other group licences
- Investor protection
- No compensation scheme at the VFSC entity; protections vary by entity
- Additional insurance
- Professional indemnity insurance (according to the broker)
- Segregated client funds
- Yes
- Parent company
- Vantage group (private), Sydney
- Year founded
- 2009
Frequently asked questions
Yes. Vantage is regulated by ASIC in Australia and the FSCA in South Africa, and serves many international clients through an entity regulated by the Vanuatu Financial Services Commission.
Yes. Vantage supports direct TradingView trading, as well as MetaTrader 4, MetaTrader 5 and its ProTrader web platform.
The minimum deposit starts at around $50 for the Standard STP account. Raw ECN and Pro ECN accounts require more.
Vantage alternatives
Brokers in the same category (Forex) with similar ratings, ranked by rating.
Ready to open an account with Vantage?
Overall rating: 8.9/10
Trading CFDs involves a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Brokers.Forex has no affiliate partnership with Vantage: this link earns no commission.