Vantage Markets Review
Vantage Markets is a MetaTrader broker founded in 2009 and regulated by ASIC (Australia), FCA (UK), and CIMA (Cayman Islands). Similar to other multi-national brokers, offerings differ significantly by the entity. For example, Cayman Island Vantage Markets brand offers about 50 trading instruments more than the Australian entity; social copy-trading is not available with Australian entity either. Traders are advised to check up-to date details before opening an account.
Vantage Markets MetaTrader suite includes Smart Trader add-ons by FX Blue LLP, economic news are streamed from Reuters. Additionally, Pro Trader Tools powered by Trading Central require $1,000+ deposit. Larger account of $10,000+ are eligible for Active Trader Rebates, and $20,000+ accounts can enjoy Pro ECN account offer.
Copy-trading platforms include ZuluTrade, DupliTrade, MyFXBook AutoTrade, and MetaTrader ones.
Please read Vantage Markets Reviews below and share live trading experiences with this broker.
2022-01-17: VantageFX.com has rebranded to VantageMarkets.com.
May 2017: Despite being warned over a year ago, VantageFx.com appears to still be allowing Reza Mokhtarian (who ran the scam broker CapitalTrustMarkets.com) to serve as an IB to the company. The FPA is very disappointed that VantageFx seems to be unconcerned about working with an accused criminal who has also been the subject of multiple regulator warnings. CLICK HERE to read more about Reza.
2024 UPDATE: Reza has been convicted for some of his crimes and has been sentenced to 3 years in prison. The FPA does not know if VantageMarkets is still paying IB commissions to Reza or not.
June-July 2013: Multiple suspicious and fake positive reviews submitted.
2016, 2018, 2019, 2021, 2022: More suspicious and fake positive reviews submitted.
Employees of VantageMarkets and VT Markets have also left several "client" reviews for both companies from 2018-2024. The FPA hopes these unethical actions will stop and is hoping to discuss how to fix this problem with the CEOs or owners of the companies. CLICK HERE to learn how the FPA handles self-reviews by companies and under what circumstances those can be removed.
VantageFX.com is part of Vantage International Group Limited. Known members of this group include KlimexCM.com, VTMarkets.com, VTMarkets.com.au MonetaMarkets.com, VantageFX.co.uk, and TradeLightFX.com.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $200 |
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Established: | 2009 |
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Address: | Level 29/31 Market Street, Sydney, NSW, 2000, Australia |
Contact: | support@vantagefx.com, 61289992046 |
Regional offices: | |
Regulators: | ASIC #AFSL:428901 , CIMA #SIBL:1383491, FCA #FRN: 590299, VFSC #700271 |
Prohibited countries: |
Trading platforms: | MT4, MT5, WebTrader, ProTrader (by TradingView), Vantage App |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (45+) |
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Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
CFD: | (135+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
MAM: | β Yes |
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PAMM: | β Yes |
ZuluTrade: | β Yes |
Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Local Bank Transfers, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay, Zotapay |
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Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Bank Transfers, Neteller, Skrill, Transfer to Existing Broker, UnionPay |
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Vantage Markets Most Helpful Customer Reviews
Amazing customer service I recommand (I forgot to say that I work for Vantage)
The waiting time is very short and the agents have a lot of knowledge. I totally recommend.
Per FPA policy, the rating on this review has been set to Zero stars.
Something has changed
Jun 23, 2023 - 1 Star Before some moment this broker was quite reliable. But there are a lot messages that they are about to be a bankrupt. This seems to be the truth, because they blocked by profitable account without any reason. Asked tons of documents and videos for additional verification. After I provided everything to them, they just stopped responding...
Thank you for taking the time to leave us your feedback. We are sorry to hear that you have had a less than satisfactory experience with us. We are committed to supporting our traders and their preferred trading styles, while upholding the agreed trading terms of service which ensures fairness and protection for all our clients. For further queries, please feel free to contact us directly via phone, live chat or email at support@vantagemarkets.com.
Kind regards,
Vantage
VANTAGE TAKES MONEY & TERRIBLE CUSTOMER SUPPORT
Vantage Market I am still waiting for your response on my request (785156) !!!!
Thank you for taking the time to leave us a review. We are saddened to hear of your experience with us and would like to assure you that unfortunately, having looked into your incident we can see that you were found to be engaging in trading behaviour that was a clear breach of the Terms and Conditions. This behaviour set reasonable grounds for taking the right actions. However, we do wish to extend our apologies for any delayed correspondence. While we do try our best to communicate effectively and efficiently with our customers, unfortunately due to the complexity of a case, it may take longer for some cases to resolve any underlying issues and provide the best possible outcome.
We have passed on your feedback and will have our team make contact with you as soon as possible. Should you need to reach us at any point, feel free to do so via phone, live chat or email at support@vantagemarkets.com.
3 Vantagemarkets Customers Representatives took from my MT5 14.000 euro.
I already started la lawsuit against Mihaela Alexandrescu,Andy Chen,Sarah Forrest and the company vantagemarkets.com for stealing from my mt5 account, and for causing me serious health issues.
Please read carefully what vantagemarkets ( with the 3 masterminds above) did to me and i promise you that you will be shocked and disappointed on how a "Trusted" Regulated Broker ,licensed from the 2 best regulators in the world, ( Asic and Cysec) rip off not only my money but for sure a a lot of others. Their actions violate every term of any contract and every term of human behavior. They just steal ,ignore and laugh. Just like that.
Please read the below:
1. I Started trading 4th of March - Eur usd, Eur Jpy, Twitter share, France 40 index, Oracle share.
2. 12th of March , Sarah Forest -customer support representative-send me an email that due to my risky trading company have decided to put my account in read mode and i am forced to withdraw all the money.
3. I requested my withdrawal as they forced me to do 22nd of March the amount of 15k euro
4. Next day 23rd Of March they send me again email that my withdrawal request is rejected because of the risk ration and asking me to placed the withdrawal again with less amount so i withdrawal again 7500 euro - ( Please now read carefully the below)
5. Withdrawal pending...
6. 24 th of March Without any explanation, they deducted 13889 euro from my account balance as cash adjustment.
7. Withdrawal then rejected because of not enough funds!! I was panicked shocked and scared.
I send emails asking what is happening but I receive no reply from customer representatives ,or support, or any account manager. Just an automated email that my request will be solved soon.
Today we have 22nd and I have realized that vantagemarkets scammed me in a totally unethical and abusive way. They tricked me, ignored me without giving me a single explanation of their action, and deleted my profits after asking me to withdraw.How more illegal vantagemarkets can be?
They don't respect that behind every email that they received ,there is a person that worries after being scammed. They really don't care. They don't reply to emails because they have no excuse for their actions. if you make a profit they just delete it. Why does Cysec and Asic not take actions against them?
We are in 2022 and despite that we have quarantine regulators , there are Brokers like Vantage markets that steal clients money without any fear. Europeans Traders are also safe due to ESMA regulation , so why Vantagemarkets acts with such an unethical way?
If am allowed to, Forex Peace Army i would like to show all proofs available
(I failed to mention that I work for Vantage)
This "client" was accessing his account from inside the offices of VantageFx.
Per FPA policy, the rating on this review has been set to Zero stars.
Recent User Reviews of Vantage Markets
so far so good (I forgot to say that they pay my salary)
Per FPA policy, the rating on this review has been set to Zero stars.
Vantage Markets plays with spreads and generates slippage.
Canβt withdraw my funds
Vantage deleted $65,000.00 in profits from my account
I made two very profitable trades on earnings season using 12X leverage, which didn't seem abusive on my part, since they offer 20X leverage on stock CFDs and they allow this leverage on earnings season. After making some profitable and other non profitable trades I had made around $65,000.00 USD in profits. Some days later I received an email that my trading activity was abnormal or suspicious and that my withdrawals would be suspended. Some days later I checked my balance and there was a "Compliance related adjustment" on my account for all of my profits.
I contacted Customer Support and they took a very long time to respond and they finally told me that they would close my account and that I needed to withdraw all the remaining funds.
This has been done, I have received the remaining funds, but I need to have my profits back since the risk taking was all on my side and I was profitable.
Apparently, if you are a trader who loses money, everything will be ok, but profitable traders would get their accounts investigated and elimination of their profits will occur, so in my opinion Vantage is not trustworthy or ethical.
I will make a complaint with the VFSC to see if I can get my profits back, but if anyone else has had a similar problem and could help me, I would appreciate it.
Removed profits, including some from a year ago
In many emails I asked for evidence that would justify their actions. However, they never were able to show me any of this. The only thing that followed were more references to their terms and conditions like where it talks about delays and quoting errors When asking again for proof of these things, they failed to do so.
It can only be concluded they are totally unreliable and not trustworthy. If you're looking to make money trading forex, better search for a more serious broker.
Frequently Asked Questions
Is Vantage FX legit?
- Vantage International Group Limited: is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491
- Vantage Global Prime Pty Ltd: is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901
- Vantage Global Prime LLP: is authorised and regulated by the Financial Conduct Authority, FRN: 590299
Is Vantage FX an ECN broker?
- Minimum deposit: $500 for retail traders, $20,000 for professional traders
- Minimum trade size: 0.01 for both
- Leverage: up to 500:1
- Platform: MT4, MT5, Webtrader, Mobile App.
How do I withdraw money from Vantagefx?
- Log into Vantage FX client portal
- Select the withdraw tab from the menu
- Select the withdrawal method
- Enter the amount