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No Regulation
Score
1.52 /10
Danger
VANTAGE
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.08
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| VANTAGEReview Summary | |
| Founded | 1991 |
| Registered Country/Region | Egypt |
| Regulation | Not regulated |
| Market Instruments | Stocks in various industries and securities |
| Demo Account | / |
| Trading Platform | Web, Mist WS and mobile app |
| Min Deposit | 0 |
| Customer Support | Tel: +20 22560 4072, +20 22560 4073 |
| Whatsapp: 01025000896 | |
| Address: St. No. 28; Building No. 170; fourth floor, flat No. 9; Fifth District Building, Fifth Settlement, New Cairo | |
VANTAGE was founded by Vantage Securities Brokerage in 1991 in Egypt. It offers trading in various stock portfolios and securities. Traders can trade through Web, Mist WS and mobile apps. Though it doesn't have the minimum deposit requirement, it is unregulated.
Pros and Cons
| Pros | Cons |
| Experienced | No regulation |
| Clear fee structure | Transfer fee for some banks |
| Multiple trading platforms | |
| No minimum deposit |
Is VANTAGE Legit?
No, VANTAGE is not regulated by any financial authorities. Traders should be careful when trading.
What Can I Trade on VANTAGE?
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Securities | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
Commission
There is no commission for opening account on VANTAGE.
Other Fees
The brokerage fees of VANTAGE depend on the trading volume. It starts from 0.002 , apart from the commission of the Stock Market, MCSD and the Custodian Bank or any other governmental fees.
Traders like to have their orders permanently will have a commission of 0.0005 would be added plus the fees stated in the table below. Besides, traders can place 10 free orders, if more, 0.0005 fees would be added over the above mentioned fees for all transactions of this month.
| Trading Volume on a Monthly Basis | Fees |
| LE 1-999999 | 0.002 |
| 1 million-1999999 | 0.00175 |
| 2 million- 2999999 | 0.0015 |
| 3 million- 3999999 | 0.00125 |
| 4 million- 4999999 | 0.001 |
| 5 million- 9999999 | 0.00075 |
| 10 millions- 14999999 | 0.0005 |
| 15 millions- 24999999 | 0.00025 |
| 25 million or more fees | 0.0001 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | Experienced traders |
| Mist WS | ✔ | Web | Experienced traders |
| Mobile app | ✔ | Mobile | Experienced traders |
Deposit and Withdrawal
Traders can deposit through bank transfer with cash.
There are two ways to withdraw: bank transfer and a closed cheque issued in the name of the client.
There are no transfer fees in case of transferring to the following banks: Arab African International Bank, CIB, Ahli United Bank, Banque Misr, NBK. If other banks, 0.001 transfer fees will be deducted with a minimum of EGP 25 and up to EGP 50, plus EGP 20 swift fees.
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