Is Vantage a Good Broker for Beginner Traders?

For those who don’t know, Vantage is a top-notch MetaTrader broker holding regulatory status with the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Cayman Islands Monetary Authority (CIMA), and the Vanuatu Financial Services Commission (VFSC).

The platform is considered one of the best meta trading and copy trading brokers of 2024, but is it suitable for beginners? Our comprehensive review of vantage markets aims to answer this question.

Platform Overview: Features

Trading cost

This depends on the specific Vantage entity you hold along with your account type; whether Standard STP, RAW ECN, or PRO ECN.


The platform offers five time frames, one full-screen landscape chart type, and a handful of indicators and overlays.

Market News and Analysis

Numerous tools are available, like the Pro Trader Tools product, the Featured Ideas tool, and the Analyst Views feature, which delivers automated analysis. Learn more about this here.


Two platform apps are available; the proprietary Vantage App and the MetaTrader platform suite. The Vantage app is functional and user-friendly with a safe two-step login, although the advertisements within can be quite distracting.

Account Types Offered by Vantage


Vantage offers several account types tailored to suit the varying needs of traders, whether they are beginners or more seasoned professionals.

The Standard STP account is ideal for beginners, with its straightforward functionality and zero commission structure. Traders only need to concern themselves with the spread, which starts from 1.4 pips. This account also offers a generous leverage of up to 1:500.

Next, the Raw ECN account, which caters to more experienced traders, provides tighter spreads starting from 0.0 pips, but applies a commission fee. This account also offers a high leverage of up to 1:500.

Lastly, the Pro ECN account is designed for professional traders, offering the lowest spreads and commissions. It provides access to more advanced tools and capabilities, making it less suitable for beginners.

Each account type offers a range of instruments, including forex, indices, commodities, and shares, allowing traders to diversify their portfolios.

Educational Resources and Learning Opportunities


Vantage understands the value of education for beginner traders and offers a comprehensive suite of learning resources. The Vantage Learning Centre is packed with educational material suitable for traders at all levels.

For beginners, the centre offers a wide range of easy-to-understand educational materials, including webinars, eBooks, and video tutorials. These resources cover essential trading concepts, such as understanding forex markets, technical and fundamental analysis, risk management, and trading psychology.

Additionally, Vantage provides an economic calendar and daily market analysis to help traders stay informed about important financial events and market trends. Their trading glossary is also a helpful tool for beginners to familiarize themselves with industry jargon.

Beyond these resources, Vantage offers demo accounts where beginners can practice trading with virtual money. This hands-on experience allows newcomers to apply their knowledge in a risk-free environment, further enhancing their learning journey.

The Role of Vantage’s Research and Market Analysis for Beginner Traders


Vantage provides its users with a robust suite of research and market analysis tools. For beginner traders, these tools can be instrumental in understanding market trends and making informed trading decisions.

The broker offers daily market analysis reports and real-time news updates. These provide traders with crucial insights about current market conditions and potential trading opportunities. Traders can also use Vantage’s economic calendar to stay informed about upcoming economic events that might impact the markets.

Vantage’s advanced charting tools enable beginners to perform technical analysis. By identifying patterns and trends, traders can forecast potential price movements and devise their trading strategies accordingly.

Moreover, Vantage facilitates social trading through tools that allow beginners to observe and copy trades made by experienced traders. This feature provides an excellent learning opportunity, helping beginners to understand the thought process behind successful trading decisions.

Pros and Cons



  • Due to its regulatory status in two tier-1 jurisdictions and one tier-3 jurisdiction, Vantage is a safe broker for trading forex and CFDs. In excess of regulatory coverage, the platform offers indemnity insurance for additional protection.
  • The platform offers Smart Trader add-ons for MetaTrader and various other social copy-trading platforms, doing an excellent job of integrating the TradingView platform into the MetaTrader suite.
  • The web platform has good customizability for charts, efficient order confirmation, and a clear fee report.
  • Opening an account on Vantage is seamless from the get-go. The process is fast and fully digital with a convenient low minimum deposit and no deposit fee.
  • The platform offers various education materials for beginners, including educational videos, webinars, and even a trading platform tutorial.
  • Vantage’s demo account offers virtual funds to familiarize you with the platform. Typically lasting for 30 days with virtual funds of up to $100,000, this is especially useful for beginner traders.
  • Customer service is available 24/7 via email, call, and live chat. The support provided is quick and relevant to the query.
  • Other than a low minimum deposit, Vantage also provides its users with low-cost transactions that are especially attractive for those just starting out.
  • Various deposit and withdrawal options are available including Credit/Debit card, Bank transfer, Skrill, Neteller, Union Pay, Fasapay, Bitwallet, Cryptocurrency, Astropay, SticPay, and Vload. This deposit and withdrawal process is quick and efficient.
  • Copy trading available via ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade.


  • The web platform lacks a safe two-step login and offers no price alerts. The broker’s mobile app has the same issues, offering no price alerts or Touch/Face ID login.
  • Their Pro account has a minimum deposit of $10,000, making it unsuitable for budget investors.
  • Access to Pro Trader Tools requires a $1,000 deposit, which may not be worthwhile or even possible for beginner traders.
  • You need to deposit at least $10,000 to become eligible for active trader rebates, as the spreads on the Standard account aren’t that great.



Vantage distinguishes itself from other similar brokers via competitive pricing, its own proprietary app, and flawless integration of additional platforms. So while there is room for improvement, it is overall a good broker for beginners.

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