Vantage Review

Vantage: A Comprehensive Review of a Multi-Regulated MetaTrader Broker

Vantage, formerly known as Vantage FX and originally MXT Global, has emerged as a significant player in the online brokerage industry, particularly known for its robust MetaTrader offerings and expanding suite of trading tools. With a strong regulatory footprint and a focus on providing competitive trading conditions, Vantage caters to a diverse range of traders. However, like any broker, it presents a mix of strengths and areas for potential improvement.

Regulatory Strength and Trustworthiness

One of Vantage’s most compelling attributes is its robust regulatory framework. The broker boasts a high Trust Score of 90 out of 99, reflecting its commitment to compliance and client protection. Vantage is regulated by two Tier-1 authorities, the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA), signaling a high level of trustworthiness. Additionally, it holds a Tier-2 license and three Tier-4 licenses, further extending its regulatory reach.

• Tier-1 Regulation: ASIC and FCA are highly respected regulators, providing stringent oversight and ensuring adherence to strict financial standards. This dual Tier-1 regulation significantly bolsters Vantage’s credibility.
• Additional Protections: Vantage’s indemnity insurance from Lloyd’s of London, offering up to $1 million per claimant, provides an extra layer of security beyond regulatory coverage.

Range of Investments

Vantage offers a comprehensive range of tradable instruments, catering to various trading preferences. The availability of specific markets may vary depending on the regulating entity.

• Forex Trading: Vantage provides access to a wide array of forex pairs, with 61 available, allowing traders to capitalize on currency market fluctuations.
• CFDs: The broker offers CFDs on various assets, including cryptocurrencies, enabling traders to speculate on price movements without owning the underlying asset. However, it is important to note that Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.
• Social Trading/Copy Trading: Vantage supports social and copy trading, allowing traders to replicate the strategies of experienced traders.

Commissions and Fees: A Detailed Breakdown

Trading costs at Vantage are structured around three primary account types: Standard STP, Raw ECN, and Pro ECN. Each account offers distinct pricing models and features.

• Standard STP Account: This spread-only account features wider spreads compared to the ECN accounts. It is suitable for traders who prefer a straightforward pricing structure without commissions.
• Raw ECN Account: This commission-based account offers tighter spreads with a commission of $3 per side ($6 per round turn). It provides a more cost-effective option for active traders.
• Pro ECN Account: This premium account offers the most competitive pricing, with a commission of $2 per side ($4 per round turn). However, it requires a significant minimum deposit of $10,000 and may have specific eligibility requirements depending on the regulating entity.
• Active Trader Program: Vantage Club offers V-Points that can be redeemed for perks, including cash rebates on ECN accounts. This program rewards active traders with reduced costs.
• Swap-Free Accounts: Vantage provides swap-free accounts for clients requiring Sharia-compliant trading, catering to diverse religious needs.
• Premium Pro+ ECN account: For traders that deposit 150,000 dollars, commission is reduced to 1 dollar per lot on forex and gold.

Trading Platforms and Tools: Enhancing the Trading Experience

Vantage distinguishes itself by offering a diverse range of trading platforms and tools, enhancing the trading experience for its clients.

• MetaTrader Suite: Vantage supports the full MetaTrader suite, including MT4 and MT5, providing robust charting and analytical tools.
• TradingView Integration: The broker has effectively integrated TradingView, allowing traders to leverage its advanced charting capabilities directly within their MetaTrader accounts.
• SmartTrader Tools: Vantage offers the SmartTrader Tools suite from FX Blue LLP, providing a range of platform add-ons for MetaTrader.
• Copy Trading Platforms: In addition to MetaTrader Signals, Vantage supports DupliTrade, Myfxbook AutoTrade, and its proprietary Vantage Copy Trading platform, catering to traders interested in social trading.
• Vantage App: Vantage’s proprietary mobile app offers convenient mobile trading, although it includes advertisements.

Mobile Trading: Convenience and Functionality

Vantage offers a suite of mobile trading apps, including its proprietary Vantage App, MetaTrader, and TradingView.

• Vantage App: While functional, the Vantage App includes advertisements, which some users may find distracting. However, it integrates research and provides access to Trading Central-powered videos.
• MetaTrader and TradingView Apps: These industry-standard apps provide robust mobile trading capabilities, including charting and order execution.

Market Research and Education: Empowering Traders

Vantage has made significant strides in enhancing its research and educational offerings.

• Research Content: Vantage provides daily market updates, webinars, and content on its Vantage View blog, including collaborations with Bloomberg.
• Trading Central: The broker leverages Trading Central’s research and educational resources, providing valuable insights to traders.
• Educational Resources: Vantage offers a learning center with articles, videos, and webinars, catering to traders of all experience levels. However, there is room for growth in the depth of educational material.

Customer Experience and Support

Vantage provides customer support through various channels, although specific details on support availability and responsiveness were not extensively covered in the review.

Final Thoughts

Vantage stands out as a reliable and versatile broker, particularly for traders who utilize the MetaTrader platform. Its strong regulatory standing, competitive pricing on ECN accounts, and diverse range of trading tools make it a compelling choice. However, traders should consider the minimum deposit requirements for the Pro ECN account and the presence of advertisements in the Vantage App.

Vantage’s commitment to enhancing its research and educational offerings is commendable, although there is room for further improvement. Overall, Vantage is a solid option for traders seeking a well-regulated and feature-rich MetaTrader broker.