Vantage Markets is a renowned Vantage FX. Once you search for the older name, you’ll be redirected to the new one.
Since this broker has various entities, some of which were banned, we want to take you through them all in this Vantage Markets review. That way, you will learn to keep your money safe.
You’ll notice that none of the licenses come from the EU. Yet, we’ve found numerous reviews indicating that the brokerage operates in the zone, meaning it does so through its offshore entities. The main problem is fund safety. Offshore regulators are quite loose, not requiring brokers to maintain minimum capital or form compensation funds. On the other hand, ASIC and FCA do, and both authorities limit leverage to 1:30.
Let’s see what we know about Vantage Markets’ operations and should you trust this broker.
Vantage Markets is a part of Vantage Group, registered in the UK and Australia. However, the firm has offshore entities in Vanuatu, and the Cayman Islands banned in Europe.
We’d say this company is trying hard to enter the EU market without obtaining valid regulations.cf3
The company can legally operate in Australia and the UK through Tier 1 regulated branches. They can also provide financial services in South Africa with their FSCA license. All other customers are onboarded through offshore entities, meaning reduced fund safety.
Since the Italian authority has already issued a warning, we cannot help but ask if the broker is authorized to offer services in these countries.
Let’s also take a look at the customer experience with Vantage Markets broker. According to Trustpilot, vantagemarkets.com is rated as average, with 22% of negative reviews. It’s pretty standard for a trading firm.
However, here comes the issue. Their other branch, VT Markets, has been flagged for fake reviews. The company had 303 reviews at the time of writing, 34% being 1-star. We believe more is yet to come now there are no more false comments.
We’re quite pleased with the Vantage Markets trading platforms. The company offers MT4 and MT5, both exceptional trading tools. In addition to the standard range of charts and indicators, the company supports social trading through ZuluTrade, its own social trading feature, Vantage Social Trading, and allows the usage of trading bots.
The advantage of using MetaTrader is the increased fund safety, a more significant number of trading tools, and customizability. Moreover, the software is compatible with nearly any device, from Windows and macOS to mobile phones.
You can download MT4 and MT5 apps for Android and iOS. Besides mobile phones, Vantage Markets offers iPad and tablet access. You can use the advantages of trading wherever you are and not miss trading opportunities.
With most entities, you can trade in the following markets:
If registered in Vanuatu, you will also have access to trading ETFs. Additionally, the number of tradable assets is the lowest with the UK entity.
The spread starts from 1.0 pips, while the commission starts from $1 per lot per side. This applies to all entities. It’s quite a solid offer, with the spread being lower than average.
There are 3 Vantage Markets account types with all the entities:
The minimum deposit varies from $50 in Vanuatu and Australia to 200 USD/GBP in the Cayman Islands and the UK.
Additionally, the leverage for a Professional account is 1:500 regardless of the country, while retail traders are limited to 1:30 in the UK and Australia. Offshore entities offer trading bonuses and have higher commissions than the Tier 1 regulated ones.
You can access Vantage Markets Demo account upon account registration. Then, you can choose the platform and start trading. The company has no limit on a trial account, meaning you can use it even after registering for a Live one.
It’s good to have the ability to test your strategies risk-free. However, you should remember that trading with real cash and virtual funds differs. Pay attention and stay calm.
When the time comes, you can submit a Vantage Markets withdrawal request through your client portal. The company allows the following payment options:
You have to withdraw using the same payment option as for the deposit up to the amount you deposited. All withdrawals of the excess sums must go through a wire transfer.
If you experience issues with your Vantage Markets account, first check under which entity you belong. Then, you can contact the respective regulator. You can book a free consultation with Global Fraud Protection if you suspect any wrongdoing.
Our chargeback experts and CipherTrace crypto analysts will honestly evaluate your case and see if you can request a refund.
Vantage Markets is a regulated trading firm with several entities. If you have any trouble with the broker, let us know.
Vantage Markets offers MT4 and MT5, the most popular platforms today.
The company requires a minimum of $50-250, depending on the entity.
Vantage Markets is a regulated trading firm with several entities. If you have any trouble with the broker, let us know.
Vantage Markets offers MT4 and MT5, the most popular platforms today.
The company requires a minimum of $50-250, depending on the entity.
The post Vantage Markets Review 2023 – The Offshore Side of Vantage Markets: What You Need to Know appeared first on Global Fraud Protection.
