Vantage Markets broker review 2023 ++ Scam or not? Test

vantage markets scam

One of Vantage Markets’ best selling points is that it offers market-leading spreads as low as 0.0 pips, as well as low non-trading fees. These are important factors to bear in mind when selecting a trading platform because they help to keep your trading costs as low as possible. The trust score of is extremely low.

Is Vantage legit features all the key aspects you need to look at to see if a broker is safe and legit. Feel free to give Vantage a try, as you will have an account within a day and there is no inactivity fee. The relevance of the answers was OK, although some questions were not properly addressed. On the negative side, the design is outdated and some features are hard to use. For example, we had difficulty figuring out how to remove an indicator from the chart.

  • In addition, the broker asks you to verify the account with appropriate documents before the first deposit.
  • Trading with a broker that is licensed by ASIC is always going to be a wise choice.
  • Steven Hatzakis is the Global Director of Research for
  • This is a strong indicator that the website may be a scam.We rated using a computer program.
  • Our brokerage experts compiled a list of the best online brokers based on extensive research and testing with real money.

Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients.

Account Opening on

We also reviewed comparative-looking broker sites in our scam brokers 2022 list, the vast majority of them are unlicensed and obscure. While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Vantage Markets Review in our scam broker 2022 list of scam brokers. Here are some points that you need to know if a broker is a scam or not.

vantage markets scam

If a broker goes bankrupt, eligible customers would also be protected by the FSCS up to £85,000 per claimant per firm. For forex and CFD brokers you’re also covered by negative account balance protection. A non-UK citizen is treated the same way as a UK resident in case something goes south. Vantage Markets offers comprehensive educational materials for all levels of trading experience. The education section includes learning materials, webinars, market news, and analysis, economic calendar, indicators, and many trading tools.

The platform provides 30 indicators and 24 technical analyis tools on 9 time frames. It offers one-click trading and works on more than 5 different types of internet browsers. There are different cost structures for different account types. We tested the ‘Pro ECN with MetaTrader’ account, which charges a commission but offers tight spreads. I got scammedI lost 2.800 EUR on XAU/USD and the “expert” told me to Trade on Vantage Markets with his link.

Therefore, there is also additional protection by liability insurance of 20 million USD. If the balance on your account goes into negative, you will be protected. You should note that if your provider is Vantage Global Limited (Vanuatu) it is at Vantage’s discretion whether they credit your account with the amount of the negative balance. Phone support response time at Vantage is OK, but a few times it took several minutes to reach a customer service representative. Nevertheless, we received relevant answers and the staff was very helpful.

Additional “nice to have” legitimacy features

Integrated with the oneZero MT4 bridge, Vantage Markets offers fast execution speeds. In this Vantage Markets review 2023, we cover everything you need to know from fees and commissions to payments and account types so that you can spend more time trading and less time searching. I am Kevin Berry, an internationally recognized financial advisor. With my team, we provide independent reviews about online stockbrokers, financial funds, and other projects about investments. We can help anyone understand which company can be marked as a scam and which is reliable for investment. I often began to see negative reviews about Vantage Markets on the Internet.

This will help you in safe trading and also keep your investments safe with the right broker. One of the most common online trading scams is showing positive trades at first to deceive investors into believing they will make money quickly. limefx official site The investor will be persuaded to invest more money in order to receive higher returns once this confidence has been developed. Other rewards might also be offered to entice investors to invite their friends and family to use the site.

Vantage Rewards

Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Thus broker seems to be lacking such regulation or there is no proof of it. If you are thinking to invest with Vantage Markets but avoid scams, read the Vantage Markets review and get to know about the scam activities of brokers in detail. While Vantage Markets will appeal to advanced traders, beginners might prefer a more user-friendly platform like eToro. Not only in terms of simplified charts and orders but lower account minimums. Additionally, traders can choose their leverage limit and stop-loss and take-profit order prices.

Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms. The MetaTrader has already been tested many times and is highly developed. Our tests and experiences confirm this because we like to use the MetaTrader ourselves. In the following section, we will introduce you to the features and functions of the trading platform.

There are many companies that mask their scam activities under the facade of real investment projects. Our articles and reviews can help any potential investor to avoid scam in the world of global finances. Islamic accounts or Swap-free are available at the broker too, to those who are following the Sharia rules and require specific trading conditions. And of course, in the beginning, any trader can open a risk-free demo account with Vantage Markets. Vantage Markets is an award-winning, multi-asset broker headquartered in Sydney with over 10 years of market experience.

The withdrawal works with the same methods as the deposit. Vantage Markets processes withdrawals every business day during regular working hours. Within 24 hours, the withdrawal should be executed during the week. Generally, the minimum deposit at Vantage Markets is $ 200.

Forex Risk Disclaimer

Prizes are awarded based on the percentage gain made via the demo account. As we mentioned earlier, China Union Pay comes with a deposit fee of between 1.3% and 2.5%. While all other supported payment methods are processed fee-free. Our Vantage Markets review found that the platform supports a wide range of payment types. To recap, let’s evaluate what each account type offers and who they are suitable for. However, our Vantage Markets review found that some withdrawal methods come with a fee.

Is Vantage regulated?

Moreover, the Vantage Markets app has excellent reviews online. For example, Vantage Markets is rated 4.9/5 on the App Store. On Google Play, the app has a slightly lower rating of 4.3/5. In addition to MT4 and MT5, Vantage Markets also supports ProTrader.

Is Vantage legit? And who are they?

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Vantage Markets review. Once a trading platform and device type have been chosen, log in with the Vantage Markets username and password. Supported payment types include debit/credit cards, local bank transfers, and selected e-wallets.

Equipped with a range of technical indicators including MACD and Bollinger Bands, charting tools, and several timeframes, the Vantage Markets trading app supports user-friendly mobile charting. When you link your Vantage Markets trading account to DupliTrade, you can access a portfolio of professional proprietary investors. Just pick the professional trader you want to follow and diversify your portfolio with several strategies. Your trading account will replicate the performance of the professional traders that you follow. In terms of ease of use, the social trading features are streamlined into your Vantage MT4 trading account.

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