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Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • forex trading
Trusted broker
Regulated by top tier financial authorities
Popularity
1060 people chose this broker in the last 6 months
BrokerChooser Score
4.2/5

Vantage review summary

Vantage FX is a forex and CFD broker regulated by the Cayman Islands, Australian financial authorities and the Vanuatu Financial Services Commission. Vantage's non-trading fees are very favorable (e.g. there is no inactivity fee). Opening an account at Vantage is a very rewarding experience as the process is super fast (less than 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options and most are free of charge. On the negative side, the product portfolio at Vantage is rather limited as the broker only offers forex and some CFDs to trade. Customer service could be better, especially the relevance of email responses. Lastly, Vantage provides investor protection only in the UK. BrokerChooser gave Vantage a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Vantage is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Vantage if you live in United States. See the best alternative available in your country.

Vantage pros and cons

Pros Cons
Low non-trading fees Limited product selection
Super fast account opening Customer service could be better
Seamless deposit and withdrawal Investor protection only in the UK

Vantage main highlights

🗺️ Country of regulation Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands
💰 Trading fees class Average
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $50
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 8
🎮 Demo account provided Yes
74-89% of retail CFD accounts lose money
🛍️ Products offered Forex, CFD, Crypto

Vantage review
Fees

3.8
Vantage has average forex trading fees and low non-trading fees, and does not charge an inactivity fee. On the negative side, financing rates and share CFD fees are relatively high.
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Vantage review
Account opening

5.0
Opening an account at Vantage is super fast and fully digital. The brokerage delivers on its promise, as you can open an account in less than 5 minutes.
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Vantage review
Deposit and withdrawal

4.5
Vantage has a great variety of deposit and withdrawal options, which are fast, easy, and mostly free. However, fees are high if you use international bank withdrawal more than once a month.
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Vantage review
Web trading platform

2.8
Vantage's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. However, it lacks a two-step login and its design is outdated.
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Vantage review
Mobile trading platform

3.8
Vantage has a terrific, well-designed mobile trading platform that offers great functionalities and is visually appealing. However, it lacks face ID login, which could make it even more user-friendly.
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Vantage review
Desktop trading platform

3.4
In design and functionality, Vantage's MetaTrader 4 desktop platform is almost the same as the web platform. One major difference is that you can set price alerts on it.
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Vantage review
Markets and products

2.1
At Vantage you can only trade forex and CFDs (commodities, stock indices, shares, cryptos). This means many popular asset classes, like real stocks or ETFs, are not available.
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Vantage review
Research

4.8
The Vantage client portal is well structured and easy to use, with convenient research tools. However, charting could be improved and most research tools are available only to clients with a $1,000+ account balance.
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Vantage review
Customer service

5.0
Vantage has several customer service channels and we found the live chat to be the fastest and most relevant. Emails are typically answered quickly, but are not always complete or relevant. Lastly, we missed 24/7 support.
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Vantage review
Education

5.0
In addition to an unlimited demo account, Vantage offers webinars and great video tutorials on various assets and trading platforms.
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Vantage review
Safety

Vantage is regulated by multiple authorities and offers negative balance protection to clients. However, investor protection only applies in the UK, and the broker is not listed.
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Vantage review
Bottom line

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Vantage review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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74-89% of retail CFD accounts lose money

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