Vantage is not a scam
Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years.
You can rest assured, Vantage is considered reliable as it has multiple top-tier regulation, including FCA in the UK and ASIC in Australia.
I have personally tested dozens of brokers and helped people who have fallen victim to fraudulent brokers. Our team tracks 30,000+ brokers globally with a special focus on their safety profile. Here are the key reasons I consider Vantage a safe option:
- Vantage is regulated by at least one top-tier regulator.
- We thoroughly tested the services of Vantage.
- Vantage’s clients most likely have access to investor protection.
- Vantage has a strong track record in the industry.
74-89% of retail CFD accounts lose money
Vantage is regulated by at least one top-tier regulator
Brokers overseen by top-tier regulators are legally required to meet very strict rules designed to protect their clients’ money. Non-compliance with these rules typically results in the loss of their license to operate. Brokers overseen by top-tier regulators are seldom - if ever - scams.
They must keep clients’ money segregated from their operational funds, offer fair fees and prices as well as provide transparent trade execution. Top-tier oversight curbs fraud and manipulation through regular audits, licensing requirements, and steep penalties for violations.
We compiled a list of all the regulators that supervise Vantage:
- Globally most customers - Vanuatu Financial Services Commission (VFSC)
- Australia - Australian Securities and Investment Commission (ASIC)
- South Africa - Financial Sector Conduct Authority (FSCA)
- UK - Financial Conduct Authority (FCA)
We thoroughly tested the services of Vantage
We tested every aspect of Vantage’s services using a combination of automated analysis and manual verification with real money. We conducted real trades on the broker’s trading platforms, deposited and withdrew money, and contacted customer service through all available channels. Check out our findings and assessments in the full review of Vantage.
We put special emphasis on the safety profile of the brokers we evaluate and analyze 33 safety related data points at each. Our team maintains a comprehensive database with over 32,000 brokers and collects detailed information on each to identify legitimate businesses versus fraudulent operations.
This database powers our unique Scam Broker Shield tool that allows users to instantly verify a broker's trustworthiness. Simply enter the broker's name into the search bar to check their legitimacy.
We regularly investigate user reports of scam brokers and if we confirm the broker is fraudulent, we update our records.
Vantage’s clients most likely have access to investor protection
As a client of Vantage you will have access to the investor protection program provided in the country where the broker operates.
These programs provide compensation to clients in the event a broker becomes insolvent and is unable to return investments. Check out the following table to see the investor protection amounts that you have access if you sign up with Vantage.
| Vantage investor protection | |
|---|---|
| Investor protection amount: | No investor protection |
Vantage has a strong track record in the industry
In addition to regulatory oversight and investor protection, the length and spotlessness of a broker’s track record are also key indicators as to its safety.
Vantage is a reliable industry player that has not been involved in any major scandals.
Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity.
Check out some additional safety features of Vantage in the table below:
| 🌎 Country of origin | Australia |
| 📅 Foundation date | 2,009 |
| 🏛 Banking background | No |
| 📈 Listed on exchange | No |
| 🗺️ Broker ownership is transparent | No |
| 👔 Broker management is transparent | No |
| 🔒 Negative balance protection is provided | Yes |
| 📋 Read more | Check out the Vantage review for 2024 |
Data updated on July 17, 2024
Warning: Be alert to cloned websites impersonating trusted brokers such as Plus500. Plus500 is not a scam, however, there might be fraudulent sites which bear a strong resemblance to the legitimate broker's web page. Avoid using links from forums or unverified sources and double-check the URL before making any deposits. To be on the safe side, use this link to Vantage, which was tested and verified by BrokerChooser.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
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.
