Trade On MT4, MT5 And On ProTrader (powered by TradingView)
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Vantage Review
Vantage is a regulated ECN broker offering MT4, MT5 and ProTrader for desktop and on mobile. It has a Standard STP account which does not charge commissions, a Raw ECN account which does, Islamic (swap-free) accounts and a Pro ECN account for traders who trade high volumes. Vantage offers both the MT4 and MT5 trading platforms for all accounts. MT5 is a successor to MT4 and has a number of platform enhancements. ProTrader is a user friendly platform for the trader who executes their own trades and is powered by TradingView.
Vantage minimum deposit: The minimum deposit for the Standard STP account is $50. The minimum deposit for the Raw ECN account is also $50. The minimum deposit for the Pro ECN account is $10,000.
So what does Vantage offer the trader ? Firstly, it provides ECN trading on both MT4 and MT5. This means it is possible for the trader to trade using automated trading strategies, which are known as robots and Vantage welcomes Forex robot trading and allows scalping. The trader can use robots others have designed or can create them either in MQL4 for MT4 or MQL5 for MT5.
The trader does not have to use robots to trade MT4 or MT5 and both have a full range of platform features for traders who trade at their own discretion. However even the discretionary trader may find that their strategies become too demanding to execute and with MT4 and MT5 they have the option of automating them. ECN trading offers high speed order execution and no dealing desk intervention.
On the MT4 platform Vantage has a relatively wide range of markets for an ECN broker, which have tended to be focused on Forex (as this market is traded via the ECN, it is not traded on an exchange). However comparitively speaking there are other brokers which offer ECN trading infrastructure and more markets (typically on MT5).
This said, Vantage does provide a wide range of Cryptocurrency CFDs, offering Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Uniswap, Cardano, Chainlink, Polkadot, Binance Coin, Algorand, Solana, Dogecoin, Polygon, Avalanche, Cosmos, EOS, Zcash, The Sandbox, SHIB, Tezos, BAT, TRON, IOTA, NEO, Axie Infinity, Curve, Ethereum Classic, Filecoin, 1inch, Loopring, Maker, NEAR Protocol, Harmony, Sushi and Uniswap CFDs. Maximum leverage is 50:1 (at CIMA regulated Vantage).
Traders who want a user friendly platform powered by the well known TradingView platform, can find this also at Vantage (the ProTrader platform).
Vantage supports social and copy trading via ZuluTrade, DupliTrade, Myfxbook AutoTrade and Vantage Social Trading. Vantage Social Trading is on the Vantage mobile app and offers different levels of status for traders, depending on performance. Higher levels of status can generate higher commissions for the followed trader, T&Cs apply.
To open a real trading account, the trader fills out the account opening form, uploads verification documents and waits for the account to be approved. The trader will be given access to a client portal, from where they can request additional trading accounts (e.g. to trade on the platform they did not initially choose).
The trader can also open a Vantage demo trading account. If they have an active real account, the demo account does not expire, otherwise the demo account expires after 30 days.
The full offering of markets on MT4 includes Forex, Metals, Energies, Futures, Soft Commodities, Indices and Hong Kong and US Equity CFDs for a total of 300+. The Hong Kong Equity CFDs give access to a range of markets including Hong Kong, China, the Far East and around the world. When trading a CFD the trader does not own the underlying market (for example they do not own a Share). CFDs allow the trader to trade on the value of the market, as the value of the CFD is referenced to the value of the underlying market. The Soft Commodities CFDs include US Cocoa, Coffee Arabica, Cotton, Orange Juice and Sugar Raw. There is also a range within Energies, as Vantage's offering includes Gasoline and Low Sulphur Gasoil as well as Heating Oil and Natural Gas. So the trader can use STP and ECN trading and apply robots on a relatively wide range of markets.
There are some differences between the STP and ECN accounts, though they offer the same markets to trade and have the same minimum deposit. For the STP account, Vantage selects liquidity providers and uses 30+. Spreads on Standard STP account are from 1.0 (for EUR/USD and AUD/USD) with no commission charge.
On the Raw ECN account, the trader is trading directly on the Interbank Market, via a One Zero MT4 Bridge (like the Standard STP account). Spreads on the Raw ECN account are from 0.0 (for EUR/USD) plus a commission charge of $3 per lot per side.
The Pro ECN account has a minimum deposit of $10,000 and is for high volume traders, whether automated or discretionary. The Pro ECN accounts offers direct access to Interbank price feeds. Spreads on the Pro ECN are from 0 (for EUR/USD) plus a commission charge of $1.5 per lot per side.
All of the accounts use trading servers located in Equinix data centers which are connected to a fiber optical cable network. This allows orders to be routed from liquidity providers extremely rapidly.
The full range of markets on the MT5 platform also includes Forex, Metals, Indices, Energies, Futures, Soft Commodities, Shares and Cryptocurrency CFDs, for a total of 130+. There are 45+ Forex pairs. The MT5 accounts are called Hedge STP and Hedge ECN.
Vantage is a trading name of Vantage International Group Limited. Vantage International Group Limited is authorised and regulated by Cayman Islands Monetary Authority (CIMA) with Securities Investment Business LAW (SIBL) number 1383491.
Vantage's standard leverage is from 100:1. Depending on the equity in the account this may be increased up to 500:1 upon request from the client area, however increasing leverage increases risk. Leverage is limited to at ASIC regulated Vantage FX. The minimum trade size is 0.01 (micro lots).
Vantage allows deposit via Credit or Debit Card, Bank Wire Transfer, BPAY (Australia), POLi Payments (Australia), Skrill/Moneybookers, Broker to Broker Transfer and FasaPay. Vantage does not charge deposit or withdrawal fees.
Client funds are held in segregated accounts at National Australia Bank, which is one of the largest banks in Australia.
Active Traders Rebate: Active traders who have an account balance of $10,000 or more can earn a rebate of up to $8 per lot per trade directly into the trading account, T&Cs apply.
So Vantage offers the trader a number of potential 'advantages'. For discretionary traders it provides high speed order execution and access to liquidity, MT4, MT5 and ProTrader (powered by TradingView) and in particular a solid range and depth of markets to trade, including Shares CFDs in both China and the US. For automated traders it provides all the same pluses, but it also offers support for a wide range of automated strategies, from simple indicator rules to advanced algorithmic high volume trading.