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Vantage Review 2024

Written by
Adam N.
Fact checked by
Krisztián G.
Updated
6d ago
Regulated and trusted. Tested via live trading.
8,112 people chose this broker
Not available in United States; see best alternatives

Why choose Vantage

Vantage is a forex and CFD broker regulated by the Cayman Islands, Australian financial authorities and the Vanuatu Financial Services Commission.

Its non-trading fees are very favorable (e.g. there is no inactivity fee). Opening an account at Vantage is super-fast (less than 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options, most of them free of charge.

On the negative side, the product portfolio 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 600+ criteria and testing via opening a live account.

  • Low non-trading fees
  • Super fast account opening
  • Seamless deposit and withdrawal
Overall score
4.2/5
Minimum deposit
$50
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
Visit Vantage

74-89% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 4.1/5
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.
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee

We compared Vantage's fees with two similar brokers we selected, Fusion Markets and IC Markets. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Vantage alternatives.

Low FX fees

Vantage charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.

Broker
EURUSD spread
FX commission per lot
Vantage
0.1
$3.00 commission per lot per trade
Fusion Markets
0.0
$2.25 commission per lot per trade
IC Markets
0.0
$3.50 commission per lot per trade
Vantage forex spreads and commissions

Average index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
Vantage
0.4
Fusion Markets
0.3
IC Markets
0.2
Vantage index CFD spreads and commissions

High stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 0.2.

Broker
Apple CFD
Vantage
$6.8
Fusion Markets
$0.1
IC Markets
$0.3
Vantage stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

It charges no account, inactivity, or deposit fees.
There is no fee for credit/debit card and electronic wallet withdrawals. One international bank withdrawal per month is also free of charge, while all subsequent withdrawals are charged 20 currency units of your account ($20, €20, etc.).

Broker
Inactivity fee
Withdrawal fee
Vantage
$0
Fusion Markets
$0
IC Markets
$0
Vantage inactivity, withdrawal and other fees

Safety

Vantage is a legit brokerage. It 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.
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
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.
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal
Read more

Account opening

Score: 5/5
Opening an account at Vantage is super fast and fully digital. The brokerage delivers on its promise of opening an account in less than 5 minutes, which we have confirmed is the case.
  • Fast
  • Fully digital
  • Low minimum deposit
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Mobile app

Score: 3.8/5
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.
  • User-friendly
  • Two-step (safer) login
  • Good search function
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Desktop platform

Score: 3.4/5
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.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 2.3/5
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.
Read more
“I recommend Vantage for forex and CFD traders familiar with the MetaTrader trading platforms.”

FAQ

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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.

author image
Adam Nasli
Author of this review
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.
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