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Vantage Alternatives

Written by
Adam N.
Fact checked by
Updated
Jan 2024

The best alternatives to Vantage are

  1. Fusion Markets - Australian forex broker
  2. IC Markets - Global forex broker
  3. Axi - Australian forex broker
  4. TMGM - Global forex broker

Let's see in a bit more detail how the Vantage alternatives compare to Vantage and each other:

Vantage alternatives comparison
Axi
Overall score
4.2 stars 4.3 stars 4.5 stars 4.4 stars 4.1 stars
Fees score
4.1 stars 4.5 stars 4.4 stars 4.0 stars 4.0 stars
Account opening score
5.0 stars 5.0 stars 5.0 stars 4.4 stars 5.0 stars
Deposit and withdrawal score
4.4 stars 4.2 stars 4.9 stars 5.0 stars 4.2 stars
Web platform score
4.5 stars 2.8 stars 2.8 stars 2.8 stars 2.8 stars
Markets and products score
2.2 stars 2.3 stars 2.4 stars 2.3 stars 2.3 stars
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74.32% of retail CFD accounts lose money
Visit broker
76.3% of retail CFD accounts lose money
Visit broker
80.26% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Vantage? There are many areas based on which Vantage can be compared with others. When we say a given online broker is a good alternative to Vantage we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Vantage alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Vantage is recommended for forex and cfd traders familiar with the metatrader trading platforms
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • Axi is recommended for forex traders familiar with the metatrader 4 platform
  • TMGM is recommended for forex traders who prefer the metatrader platform

Important factors of finding Vantage alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Vantage or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Vantage is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Vantage alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Vantage this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Vantage, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Vantage alternative is a must.


Now let's dive into the details of how Vantage and its alternatives perform in the most important areas!

Fusion Markets

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets vs. Vantage: Trading fees
FX commission per lot
$2.25 commission per lot per trade $3.00 commission per lot per trade
EURUSD spread
0.0 0.1
GBPUSD spread
0.0 0.3
AUDUSD spread
0.0 0.4
USDJPY spread
0.0 0.3
USDCAD spread
0.0 0.4
Fusion Markets vs. Vantage: Minimum deposit, time to open an account
Minimum deposit
$0
$50
Time to open account
1 day 1 day

If you are interested more in Fusion Markets minimum deposit, this overview will help you.

Fusion Markets vs. Vantage: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Fusion Markets, a Vantage alternative
Fusion Markets vs. Vantage: Trading platform scores
Web platform score
2.8 stars 4.5 stars
Mobile platform score
3.3 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets vs. Vantage: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

IC Markets

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. Vantage: Trading fees
FX commission per lot
$3.50 commission per lot per trade $3.00 commission per lot per trade
EURUSD spread
0.0 0.1
GBPUSD spread
0.0 0.3
AUDUSD spread
0.0 0.4
USDJPY spread
0.1 0.3
USDCAD spread
0.2 0.4
IC Markets vs. Vantage: Minimum deposit, time to open an account
Minimum deposit
$200
$50
Time to open account
1 day 1 day

If you are interested more in IC Markets minimum deposit, this overview will help you.

IC Markets vs. Vantage: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of IC Markets, a Vantage alternative
IC Markets vs. Vantage: Trading platform scores
Web platform score
2.8 stars 4.5 stars
Mobile platform score
3.3 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. Vantage: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Axi

Recommended for forex traders familiar with the MetaTrader 4 platform

Visit broker
76.3% of retail CFD accounts lose money

Axi vs. Vantage: Trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $3.00 commission per lot per trade
EURUSD spread
0.2 0.1
GBPUSD spread
0.6 0.3
AUDUSD spread
0.4 0.4
USDJPY spread
0.4 0.3
USDCAD spread
0.4 0.4
Axi vs. Vantage: Minimum deposit, time to open an account
Axi
Minimum deposit
$0
$50
Time to open account
1-3 days 1 day

If you are interested more in Axi minimum deposit, this overview will help you.

Axi vs. Vantage: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Axi, a Vantage alternative
Axi vs. Vantage: Trading platform scores
Axi
Web platform score
2.8 stars 4.5 stars
Mobile platform score
3.3 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about Axi's web trading platform in the detailed Axi review.

Visit broker
76.3% of retail CFD accounts lose money

Axi vs. Vantage: Markets and products
Axi
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

TMGM

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
80.26% of retail CFD accounts lose money

TMGM vs. Vantage: Trading fees
FX commission per lot
$3.50 commission per lot per trade $3.00 commission per lot per trade
EURUSD spread
0.1 0.1
GBPUSD spread
0.2 0.3
AUDUSD spread
0.2 0.4
USDJPY spread
0.2 0.3
USDCAD spread
0.2 0.4
TMGM vs. Vantage: Minimum deposit, time to open an account
Minimum deposit
$100
$50
Time to open account
1 day 1 day

If you are interested more in TMGM minimum deposit, this overview will help you.

TMGM vs. Vantage: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of TMGM, a Vantage alternative
TMGM vs. Vantage: Trading platform scores
Web platform score
2.8 stars 4.5 stars
Mobile platform score
3.3 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about TMGM's web trading platform in the detailed TMGM review.

Visit broker
80.26% of retail CFD accounts lose money

TMGM vs. Vantage: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Vantage

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

Vantage alternatives trading fees
Axi
FX commission per lot
$3.00 commission per lot per trade $2.25 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.0 0.0 0.2 0.1
GBPUSD spread
0.3 0.0 0.0 0.6 0.2
AUDUSD spread
0.4 0.0 0.0 0.4 0.2
USDJPY spread
0.3 0.0 0.1 0.4 0.2
USDCAD spread
0.4 0.0 0.2 0.4 0.2
Vantage alternatives minimum deposit and account open times
Axi
Minimum deposit
$50
$0
$200
$0
$100
Time to open account
1 day 1 day 1 day 1-3 days 1 day

Learn more about Vantage minimum deposit here.

Vantage and alternatives withdrawal options and fees
Axi
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
Vantage - Web trading platform
Vantage and alternatives trading platform scores
Axi
Web platform score
4.5 stars 2.8 stars 2.8 stars 2.8 stars 2.8 stars
Mobile platform score
3.8 stars 3.3 stars 3.3 stars 3.3 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

Learn more about Vantage's web trading platform in the detailed Vantage review.

Vantage and alternatives markets and products
Axi
Stocks
No No No No No
ETFs
No No No No No
Forex
Yes Yes Yes Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No No No
Futures
No No No No No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes
Yes
Yes
Yes
Yes

Bottom line

Based on our analysis, there are several good alternatives to Vantage. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Vantage alternatives
Broker intro
Recommended for
Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader trading platforms
Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Axi
Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Global forex broker Forex traders who prefer the MetaTrader platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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.

Visit Vantage 74-89% of retail CFD accounts lose money
Visit Fusion Markets 74-89% of retail CFD accounts lose money
Visit IC Markets 74.32% of retail CFD accounts lose money
Visit Axi 76.3% of retail CFD accounts lose money
Visit TMGM 80.26% of retail CFD accounts lose money

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