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Score
Australia
10-15 yearsRegulated in Australia
Market Making(MM)
MT4 Full License
Global Business
Suspicious Overrun
High potential risk
Offshore Regulated
Benchmark
Influence
Add brokers
Comparison
Quantity 36
Exposure
Score
Regulatory Index8.61
Business Index8.26
Risk Management Index0.00
Software Index9.31
License Index8.61
Single Core
1G
40G
Danger
Danger
More
Company Name
VANTAGE GLOBAL PRIME PTY LTD
Company Abbreviation
Vantage
Platform registered country and region
Australia
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
Highest price 0.65146 but received order 0.65285
It is a terrible broker, very slow execution time, a connection with tradinview that leaves much to be desired, and above all, they lie about bonuses and conditions. STAY AWAY FROM THIS BROKER IF YOU WANT TO PROTECT YOUR CAPITAL.
Vantage, you guys have gone too far! Your behavior is no different from that of a fraud group! Before I started trading, I asked my account manager if I could trade like this. I only traded when you said it was possible. Then I received an email saying that I violated so-called 1.4.b.v terms. And now I can’t even withdraw 100 yuan! During the trading process, you also maliciously manipulated the trading price to make the customer complete the transaction at a non-existent price. What you are doing is fraud!
People beware of this company!!! I submitted a withdrawal request of a thousand euros, then I see that I only get 500 credited to my account the next business day. When I ask for the other 500, they all send me ARN codes and tell me to go to my bank with it to find out where the money went. This while they are supposed to do this and while my bank says they cannot trace where the money is at all through the codes, as the payment was made by Vantage and not by my bank. Depositing through this company is very easy, but withdrawals? Ho but. I have been waiting two weeks for my money and they only come up with the same answers over and over again: that the money would have been sent. But whether it arrived does not seem to matter with this company. 0 stars!
No matter how many documents I send, there is always something wrong.
hello sir, I am a user of vantage broker, but they deducted my amount in the name of PNL , from my MT4 account number 610051775, the deducted amount of 395 USD without any reason, Its a cheap activity , kindly help me in returning my amount back . So I shall be very thankful to you.
have been informed by the account manager that the profits had been blocked by a voice note (without any official email or something) when I tried to sign in the account was suspended and I wasn't able to sign it. I sent them an email to clarify the situation they asked me for some income and address proofs and I sent them, after they asked me for a video of myself telling them about the income and the address proofs with the hard copy of them and some details if the deposit, deposit date, and profits. after answering all their question they sent an email telling me they were unable to reopen my account without any further clarifications.
ANYONE WHO READS THIS POST, PLEASE BE AWARE OF THIS SCAM BROKER AND CLIENT FUND ROBBER.. ON AUGUST 23, 2024, I MADE A WITHDRAWAL AND PROFIT OF $1074.63 AT VANTAGE FX. A FEW HOURS LATER, I RECEIVED AN EMAIL FROM VANTAGE SUPPORT TEAM, STATING THAT MY WITHDRAWAL WAS RETURNED WITH THE REASON THAT MY ACCOUNT WAS UNDER REVIEW AS FOLLOWS "I HAVE BEEN INVOLVED IN ABNORMAL TRADING ACTIVITIES, BASED ON THEIR POLICY, AND THE EMAIL STATES THE ARTICLE WHERE I HAVE VIOLATED". BUT THEY CANNOT EXPLAIN WHERE AND HOW I COMMITTED SUCH ABNORMAL VIOLATION, AND WHAT MAKES ME DISAPPOINTED AND FEEL CHEATED IS, THE DEPOSIT FUNDS AND PROFITS THAT I HAVE OBTAINED AMOUNTING TO $1074.63 WERE REMOVED FROM MY MT4 ACCOUNT WITHOUT FURTHER NOTICE. ALTHOUGH IT IS CLEARLY STATED IN THE EMAIL, THEY SAID THEY WILL RETURN MY FUNDS AND PROFITS.
There used to be a Malaysian agent before, but now that it has been changed to CPT, I don't know who to contact if there are any problems.
Hello, it has now been 2 months and 10 days since I made my withdrawal of 480 dollars on Vantage FX (https://www.vantagemarkets.com) and until today I still have not received anything. Is this normal? I need my money and Customer Service hasn't told me anything concrete and has been asking me for weeks to wait...
In my account, where I invested 1000 dollars, I increased the balance to 3880 dollars after 3 days of open transactions. I wanted to give a cash withdrawal, but I could not log in to the panel. Later, they sent me e-mails and told me things like hedging. I wanted to get all my money, they opened the panel and $ 2880 was deleted, only the $ 1000 I deposited was on the panel. This situation amounts to fraud. The fact that there is nothing when you lose, but the profit is written off when you win, shows that the institution is bad. I withdrew the money I deposited and asked for proof, but there was no response. Now I want all back as compensation.
VANTAGE TRADE SCAM, KEEP CUSTOMERS' MONEY!! I participated in forex trading at vantage exchange (https://www.vantagemarkets.com) and was detained by the exchange for no reason, specifically as follows: My account information: Mt4 number : 6754067 Email: lephuong695@yahoo.com Account name: Nguyen Thi Phuong I created an account at the exchange and deposited an amount of $ 2500 on 07/13/2023 and made normal transactions when it was profitable, I withdrew money, a total of 3 withdrawals, on July 25, 2023, I discovered that my account was locked with the withdrawal function on the portal and displayed a message to contact support to be resolved. I have many times livechat and email to support, I have not received a reply and until now, it has been almost 1 month since the floor side has refused to resolve the withdrawal for me and I have attached a screenshot of the proof below.
Collect capital and profits from RMB. Exchange error but NDT has to bear it. Emailed gmail to request a refund, but the platform did not resolve it
My profit has been removedHello . It is really surprising. They removed all my profit. And I have not received any email about it.Unfortunately . I read other people's messages and I was surprised that others have this problem. Why should the investor's interest be removed? Will they pay me, return my fund and close my account thank you
have been informed by the account manager that the profits had been blocked by a voice note (without any official email or something) when I tried to sign in the account was suspended and I wasn't able to sign it. I sent them an email to clarify the situation they asked me for some income and address proofs and I sent them, after they asked me for a video of myself telling them about the income and the address proofs with the hard copy of them and some details if the deposit, deposit date, and profits. after answering all their question they sent an email telling me they were unable to reopen my account without any further clarifications.
Please allow group AD to review this post to warn investors who are trading at #vantage exchange. #SCAM #VANTAGE SCAM #VANTAGE SCAM #SCAM VANTAGE EXCHANGE SCAM, KEEP CUSTOMERS' MONEY!!! Hello investor community in Vietnam, I participated in forex trading at vantage exchange (https://www.vantagemarkets.com) and was detained by the exchange for not withdrawing without reason, specifically as follows. : My account information : Account name: Nguyen Thi Phuong Mt4 number: 6754067 I created an account at the exchange and deposited 2500$ on 13/07/2023 and made transactions until 07/25/2023 the amount in my mt4 is 3800$, i made a withdrawal order, i found out that the account is locked with the withdrawal function on the portal and displays a message to contact support for settlement. I have repeatedly sent livechat and email to support, but have not received a reply and until now, it has been almost a month since the exchange has refused to handle the withdrawal for me and I have attached the proof image below. On August 20, 2023, someone called me claiming to be an employee of #vantage, and threatened to close and delete my money and profit account on mt4 Up to now on August 23, 2023 I have been many times contact but #vantage side still avoids not solving the problem This is the office address of vantage in Vietnam, where sellers invite investors 1 79 Tran Khanh Du, Tan Dinh Ward, District 1, HCM 2 Van Room 701 PARAGON CORP at 02 Nguyen Luong Bang, District 7, HCM
Vantage Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | Sydney, Australia |
Regulation | ASIC, FCA |
Market Instruments | Forex, Indices, Precious Metals, Soft Commodities, Energy, ETFs, Share CFDs, Bonds |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 1.0 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $50 |
Customer Support | 24/7 live chat, phone, email |
Vantage is an online forex broker that offers trading services for individuals and institutions around the world. The company was founded in 2009 and is headquartered in Australia, with additional offices in the United Kingdom, Cayman Islands, and China. Vantage provides a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies, and offers multiple trading platforms, such as MetaTrader4 and5. Besides, the broker also provides rich and solid educational resources.
Pros | Cons |
• An extensive range of trading instruments | • Too many complaints about withdrawals from clients |
• Low minimum deposit requirement | • No Canada, China, Romania, Singapore, the United States clients allowed |
• User-friendly trading platforms | |
• Regulated by multiple top-tier authorities | |
• Negative balance protection for clients |
Note: This table is not exhaustive and there may be other pros and cons of Vantage depending on individual experiences and preferences.
There are many alternative brokers to Vantage depending on the specific needs and preferences of the trader. Some popular options include:
Vantage operates under a strong regulatory frame and it has five entities regulated in different jurisdictions:
Regulated in | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | VANTAGE GLOBAL PRIME PTY LTD | Market Making(MM) | 428901 | |
FCA | Vantage Global Prime LLP | Straight Through Processing(STP) | 590299 | |
CIMA | Vantage International Group Limited | Straight Through Processing(STP) | 1383491 | |
FSCA | VANTAGE MARKETS (PTY) LTD | Financial Service Corporate | 51268 | |
VFSC | Vantage Global Limited | Retail Forex License | 700271 |
Vantage provides access to over 10,000 popular and mainstream tradable instruments, covering Forex, Indices, Precious Metals, Soft Commodities, Energy, ETFs, Shares CFDs, Bonds. However, popular crypto trading is not supported.
Tradable Assets | Supported |
Forex | ✅ |
Indices | ✅ |
Precious Metals | ✅ |
Soft Commodities | ✅ |
Energy | ✅ |
ETFs | ✅ |
Share CFDs | ✅ |
Bonds | ✅ |
Cryptocurrency | ❌ |
Futures | ❌ |
Vantage has three different account options available tailored for various trading requirements: Standard, Raw, and Pro. A deposit of $50 is sufficient to open either a Standard or Raw account. The Pro account has a significantly high minimum deposit starting from $10,000, targeting traders who engage in high-volume trading. There are a total of 8 different currencies that can be used in these accounts, including AUD, USD, GBP, EUR, SGB, CAD, NZD, JPY, HKD, and PLN.
Apart from these three types of accounts above, Swap-free accounts are also offered for traders with religous beliefs that prohit receiving or paying swaps.
Vantage offers the maximum trading leverage of up to 500:1, a generous offering, ideal for professionals and scalpers. However, inexperienced traders are advised not to use such a high leverage level in case of heavy fund losses.
When it comes to the core part of the forex trading spread, it varies depending on the account type. The spread in the Standard STP account starts from 1.0 pips with no additional commissions. The spreads in the Raw and Pro ECN accounts start from 0.0 pips, but with additional commissions required, from $$3 per lot per side and from$$1.5 per lot per side respectively.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Vantage | 1.0 pips | $0 |
Admiral Markets | 0.5 pips | $0 |
AvaTrade | 0.9 pips | $0 |
Plus500 | 0.6 pips | $0 |
Please note that the spread and commission may vary depending on the account type and trading platform used.
There are currently two deposit bonuses available at Vantage: the Deposit bonus and the USDT Deposit Promotion bonus. With the first deposit bonus, you're enticed with an extensive bonus on your first deposit and can enjoy additional bonuses with subsequent deposits. With the USDT Deposit Promotion bonus,you can accelerate their gains with a 10% rebate on the first USDT deposit.
When it comes to trading platform, Vantage provides multiple flexible trading platform choices, including Vantage App, MetaTrader 4, MetaTrader 5, ProTrader. It also supports copy trading and demo trading.
Trading Platforms | Supported |
Vantage App | ✔ |
MetaTrader 4 | ✔ |
MetaTrader 5 | ✔ |
ProTrader | ✔ |
Copy Trading | ✔ |
Demo Trading | ✔ |
Tradingview | ❌ |
cTrader | ❌ |
Note: The table only includes some of the available trading platforms for each broker.
Vantage some trading tools include market news and analysis, an economic calendar, sentiment indicators, smart trader tools for the MT4 and MT5 platforms, a range of calculators, Forex VPS, TradingView, trading signals, PRO Trader Tools, and PRO Trader Tutorials. These tools provide traders with comprehensive market insights and analysis to help them identify profitable trading opportunities. Additionally, the PRO Trader Tools offer advanced features such as trade management, sentiment analysis, and correlation matrix, making it an attractive option for professional traders looking for sophisticated trading tools.
Vantage offers several flexible payment options, consisting of Domestic EFT, Domestic Express Transfer (Australia only), International EFT, credit/debit cards of Visa/MasterCard, JCB, China UnionPay, Neteller, Skrill, AstroPay, Broker-to-Broker Transfer, FasaPay, and Thailand Instant Bank Wire Transfer.
Before submitting a withdrawal request, please ensure that the requested amount is equal to or above the minimum required amount for each withdrawal method shown in the table below. Otherwise, you may need to top up your account balance to or above the suggested minimum before withdrawing.
The broker does not charge any internal fees for any deposits and withdrawals. However, outgoing and incoming deposits from foreign banking institutions may be subject to brokerage fees for either party. These fees are not controlled by Vantage, and the user is responsible for the costs incurred.
AUD – Dollars, USD – United States Dollar, EUR – Euro, GBP – British Pound Sterling, NZD – New Zealand Dollar, SGD – Singapore Dollar, JPY – Japanese Yen, CAD – Canadian Dollar
Vantage | Most other | |
Minimum Deposit | $50 | $100 |
To withdraw funds, clients need to log in to their Vantage account and go to the “Withdrawal” section. From there, they can select the withdrawal method and follow the instructions provided. Withdrawal requests are typically processed within one business day, and the time it takes for the funds to reach the client's account depends on the withdrawal method used.
Vantage also charges an inactivity fee of $50 per quarter for accounts that have been inactive for 6 months or more. There are no deposit or withdrawal fees, but clients may incur charges from their payment provider.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Vantage | Free | Free | $50 per quarter after 6 months of inactivity |
Admiral Markets | Free | Free for one withdrawal per month, fees for additional withdrawals apply | No |
AvaTrade | Free | Free for one withdrawal per month, fees for additional withdrawals apply | $50 per quarter after 3 months of inactivity |
Plus500 | Free | Free | $10 per quarter after 3 months of inactivity (up to $40) |
Note that the withdrawal fees for Vantage and Admiral Markets may vary depending on the withdrawal method chosen. It's important to check with each broker for the most up-to-date information on fees.
Vantage offers customer support 24/7 through various channels such as email, live chat, and phone. They also provide a comprehensive FAQ section on their website to answer common queries. Moreover, they are also some social media platforms, including Twitter, Facebook, Instagram, YouTube and LinkedIn.
Overall, their customer service is efficient and responsive, with quick response times and helpful support agents.
Pros | Cons |
• 24/7 customer support via live chat, email, and phone | • No dedicated account manager for all account types |
• Knowledgeable and helpful customer service representatives | |
• Fast response times to customer inquiries |
Note: These are general observations and experiences may vary depending on individual cases and circumstances.
The educational area is where vantage really shines. It offers a variety of analytical tools, including an economic calendar, market analysis, client sentiment, forex virtual private server, and trading signals, in addition to articles, courses, ebooks, terminology, live, and its distinctive The Vantage View, to aid its customers in becoming better traders.
Educational Contents | Supported |
Articles | ✅ |
Courses | ✅ |
ebooks | ✅ |
Terminiology | ✅ |
Live | ✅ |
The Vantage View | ✅ |
Economic Calendar | ✅ |
Market Analysis | ✅ |
Client Sentiment | ✅ |
Forex VPS | ✅ |
Trading Signals | ✅ |
To provide a summary, it would appear that Vantage is an excellent choice that works well for both seasoned pros and novices. Prominent features include an strong regulatory framework, high-quality eductaional content, and appealing promotional offers. However, there are traders who believe it has higher spreads when compared to other brokers. No matter which brokers you choose, remain vigilant because online trading is not without its risks.
Is Vantage regulated?
Yes. It is regulated by ASIC & FCA.
At Vantage, are there any regional restrictions for traders?
Yes. It does not offer our services to residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists.
Does Vantage offer industry-standard MT4 & MT5?
Yes. It supports MT4 and MT5.
Is Vantage a good broker for beginners?
No. Vantage is not a good choice for beginners. It is regulated well and offers rich tradable instruments with competitive trading conditions on MT4 and MT5 platforms , though too many complaints from their clients saying that they are unable to withdraw.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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