Vantage Review

Vantage offers the MetaTrader platform which supports multiple social trading platforms,The content is powered by Trading Central and also have amobile app. However, Vantage is behind industry leaders in the areas of research and education.

Vantage pros & cons

Pros

• The Vantage brand maintains regulated company, making it a safe broker (average risk) for trading forex and CFDs.

• Offers insurance for additional protection above of any regulatory coverage.

• Vantage has done an excellent job of fully integrating the TradingView platform into the MetaTrader .

• Vantage offers add-ons for MetaTrader and multiple social copy-trading platforms except in Australia.

Cons

• The Pro ECN account is not applicable for smaller investors since there is a $10,000 minimum deposit .

• Same for Pro Trader Tools which requires a $1,000 deposit.

• Spreads on the Regular account are not small, unless you deposit at least $10,000 to become eligible for active trader rebates.

Commissions and fees

Overall, Vantage’s pricing falls mostly in line with the industry average, but not any better

Standard vs. Raw accounts comparison: Vantage lists typical spreads of 1.22 pips on the EUR/USD.

PRO account: The PRO account from Vantage has competitive pricing, with a $2 per open or close trade. The PRO ECN account differs in between its regulating entities. Its Australian regulator requires that you qualify to be categorized as a wholesale client. If you open your account under Vantage’s Cayman Islands regulator, you must fund your account with at least $10,000. For those who can meet its various account requirements, the PRO ECN account is Vantage’s best-priced option, and is comparable to similar accounts with other companies

Active traders: The active trader account offers arebate between $2 to $8 on every lot traded, of course this depends on your balance and monthly trading volume. The smallest account start at $10,000 and the highest accounts require at least $300,000 in equity on your account. However, this is only available on the Standard account, which has the highest spreads from among all the account options available.