Vantage Prime Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Find out all details about the Vantage Prime here.

Vantage Prime is based in Australia and was founded in 2009.

This broker offers services in CFDs and indices; they specialize in providing their remarkable service in forex. The Vantage Prime first started in the year 2009, under the name MXT global, later the company was renamed Vantage Prime in the year 2015.

The very thing that has remained the same since the year 2009 is the precise love this broker has for their work, for the very same reason they are one of the best brokers of Australia.

The name Vantage Prime comes with a set of experienced individuals who have a fantastic background in finance, forex, and technology.

One of the very essences of their success has been the quality they put into their client-broker relationship, the framework of which defines the many successful clients they have under them.

About Vantage Prime & Accepted Countries

Like many other broker houses, the very seed which planted what we know today the Vantage Prime is their goal to help investors, traders, and users to reach their investment goal and gather financial freedom.

The company has ever since been focusing on various market instruments which come under them.

One of the main objectives of Vantage Prime is to help individuals have rich trading experience, despite the risk attached to this platform.

Forex trading is one of the very hot topics today in the trader industry, given they are accessible and come with a vast set of opportunities.

Vantage Prime’s operations are actively celebrated in countries/continents like the UK, Australia, Vanuatu, and the Cayman Islands.

It’s only evident that clientele all across Australia keeps Vantage Prime in good faith, the numeral awards that this broker has won speaks for the very same.

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Vantage Prime Trading Platforms

It has a very unique way of handling client interactions with the company-provided trading platform.

In order for the broker to manage a smooth end-to-end experience between the client and the platform, Vantage Prime takes into use a third-party presence.

The trading platforms provided to Vantage Prime’s clients are developed by a very eminent tech company, named MetaQuotes Software.

Vantage Prime as a broker doesn’t believe in providing their clients anything less than the best.

The trading platforms provided by MetaQuotes are highly geared and structured to provide users a seemingly smooth experience, even though it’s their first time handling the software.

At Vantage Prime users are provided with the following software – MetaTrader4 and MetaTrader5.

These platforms come with an ease of using them on either web, desktop, or mobile.

Vantage Prime Mobile App

Quoting the Vantage Prime affiliated services to their clients is basically talking about how it looks to be a client at Australia’s leading broker house.

The Vantage Prime app is offered to the clients at this broker house and they come well equipped with all resources and tools.

Clients can use it on any device and access their MetaTrader 4 or MetaTrader5 trading platforms with all ease.

It’s a three-step process for new clients at Vantage Prime to take the app in use– download from the app store or your Google play; you can create a free demo account or any other account of your choice, and trade with all ease with over 300 plus instruments waiting for you.

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Vantage Prime Commission or Brokerage or Fees

Like any other broker house, it too has its fees assigned to the account type a trader chooses to work with.

The fees are built well in advance into spreads for the standard STP account provided at Vantage Prime.

For the other two accounts which are Raw or Pro ECN, the brokerage charges or commission are different.

The commissions on each account are given in various currencies, as the company sees clients from different countries.

However, we will be providing the information about the same in USD.

There are different commission arrangements for both RAW ECN and Pro ECN. For the Raw ECN, the commission is taken by the company per 0.01 (1000 base currency) Lots are given as USD $0.03. When we talk about the commission per 1 LOT (100,000) base currency, it is around USD $3. For Pro ECN the commission per 0.01 Lots is around $0.0175 and for 1 LOT is about USD$1.75.

However, the best part about Vantage Prime is that they do not charge any non-trading fees.

At Vantage Prime broker house, they offer free deposits, fee account maintenance, and no inactivity fees.

Vantage Prime Exposure or Leverage

It provides pretty good leverage compared to the entire Australian market and we are not even bragging when we speak of that.

The highest leverage at Vantage Prime can go up to 500:1; however the standard leverage at Vantage Prime is around 100:1.

It should also be noted that the leverage provided at Vantage Prime differs from asset to asset. That is, the leverage you are getting for forex you may not be getting that for commodities.

Payment Methods provided by Vantage Prime

The deposit and withdrawal at Vantage Prime are super easy and usually carry no issue, they are also free of any brokerage, which otherwise can be charged at any other broker house.

Depending on the account type a client has chosen the deposit differs. However, in order to provide out with an idea about the following, here are deposited amounts of various accounts –

1. Standard STP account requires a deposit of $200
2. Raw ECN requires a deposit of around $500
3. The Pro ECN on the other hand requires a minimum brokerage of around $20,000.

Traders all across the world can rely on the following methods to do their deposits – bank transfers, PayPal, Neteller, credit or debit cards.

The brokers are Vantage Prime and are flexible enough to also accept broker to broker transfer and crypto deposits.

Coming to the subject of withdrawal the very same can be done through using the deposit methods.

Withdrawals are without any brokerage but for international bank transfers, a brokerage of 10-20 units of the account base currency may be charged.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by Vantage Prime

It offers clients the best of market instruments and asset classes. The company offers CFDs trading with forex, indices, and commodities; they also offer crypto as well.

Going in deep about each one of these above-listed services, at Vantage Prime one can access over 44 forex instruments. If you are someone who wishes to trade in stocks and EFTs then Vantage Prime is your broker! They provide clients with around 226 instruments.

Vantage Prime Virtual Trading or Demo Account

Yes, virtual trading is an option at Vantage Prime. The very same is designed to provide beginners with ideas about how it works in real-time with the help of virtual simulation.

Opening a demo account at Vantage Prime is super easy and takes only a minute.

The demo account is also very handy for professionals as they can practice new strategies in the demo accountant and access the results of it.

Vantage Prime Offers or Deals

The broker believes in offering their clients an offer and bonus now and then and that includes both new and existing clients.

They recently launched a 50% deposit bonus promotion under vantage service limited.

Adding further to the topic, the company also has a 10% rebate program under the same, that is vantage global limited.

However, it doesn’t stop just here, It also offers rebates on trading fees to active brokers.

In addition, like many other broker houses, it also runs a referrer program.

The company offers $150 for each referral, with an additional $100-$120 to new clients who joined through the referrer.

Vantage Prime Regulation or Licensing

As provided above the company has several operations going on multiple companies, while the headquarters reside in Australia, Sydney.

Thus, they have a numeral license in all of those countries, noting a few –

1. It is licensed by the Australian Securities and investment commission.
2. The company is also very active in the United Kingdom and serves numerous clients there, thus they have authorization there as well. It is well authorized by the financial conduct authority.
3. The company is also authorized by the Cayman Islands monetary authority.

Find out Regulations & Licensing of more Forex Brokers

Vantage Prime Features

Clients at Vantage Prime can enjoy the help of an assortment of tools that are provided by Vantage Prime.

Nonetheless, existing traders might be expected to pay an additional $1,000 to access some of the premium tools.

The tools at Vantage Prime follow a wide range portfolio.

Going more into the subject, clients can seek services from the economic calendar, forex VPS, Good charting tools, and also macroeconomic fundamental data along with additional 5 other tools are also provided.

Not to mention, traders are also provided with news feeds that are AI-driven.

The company additionally also provided with copy trading services, with their key third-party service partners being –

1. ZuluTrade
2. MyFXbook Autotrade
3. DupliTrdae.

Vantage Prime Account Types

There are basically three main account types offered at Vantage Prime.

The following three account types are put together taking into note the numeral requirement every client has.

Clients at Vantage Prime can either start with the Raw ECN account, standard STP account, or Pro ECN account.

It should be taken into note that it’s commissions for each one of them are different.

However, all of them are provided with similar trading platforms but minimum deposit, leverage, and commission differ.

Vantage Prime Trading Account Features

Check below all the trading account features under various account types:

Vantage Prime – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Vantage Prime Benefits

Traders at Vantage Prime often are subjected to receive more generous brokerage, as compared to others.

The bonus on sign up is also a pretty good directional prize for young brokers to get started with.

They have structured their standard STO account for beginners and young traders with leverage up to 500:1, which is definitely something to ponder upon.

However, the company also introduces the professionals to their PRO ECN account, with less brokerage and heavy benefits.

To sum up, it has a lot to offer to individuals, they also have various educational programs to help traders learn something new every day.

Vantage Prime Cons or Drawbacks

This is definitely a remarkable choice if you are well focused on forex; however for individuals who wish to deal outside the usual market assets provided, It can be a tight broker to work with.

The company also has very few trading platforms, thus, traders must know Meta4 and Meta5 as these are the only platforms provided to traders at Vantage Prime.

Vantage Prime Trading Hours

Trading hours for each department (asset) are different at Vantage Prime. Getting started with the trading hours provided with forex – at FX the quotation hours are 00:00 to 24:00, while trading hours are 00:01 to 23:58 (GMT+2).

The same way at AUDCNH the Quotation hours are 05:00 to 20:00 while the trading hours are 5:00 to 20:00 (GMT+2).

Trading hours for commodities and crypto can be contacted by the broker directly.

Vantage Prime Customer Care or Contact Details

Clients or interested individuals can contact Vantage Prime customer support only on Wednesday through either live chat, email, or phone.

The company has different departments of customer support assigned to different queries.

You can send mail to any of those departments depending on the query at hand.

For general queries email at – info@vantagesecurity.com

For technical queries, you can connect to vantage prime through – techsupport@vantagesecurity.com

For account reacted query mail them at – accounts@vantagesecurity.com

Vantage Prime Safety & Security

The company is well authorized by a number of eminent authorities, assuring maximum relief to the clients. It also manages individual client funds.

It takes into use a wide array of integrated solutions covering various security and IT needs to be laid by the government organization.

However, along with the following, customer support is always keen to solve any technical or non-technical situation at hand.

Vantage Prime Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Vantage Prime Forex Trading – Conclusion or Verdict

It comes with a very strong offering of a top-notch level of security.

The broker is Australia’s most named and celebrated broker house, thus you can expect pretty high standards.

It provides an overall extremely good environment for traders willing to trade on forex.

Vantage Prime Review FAQs

Here is the list of FAQs related to the Vantage Prime:

Is Vantage Prime Safe for Trading?

Yes, your funds are hundred percent safe from any insolvency.

The company follows proper government-affiliated laws and takes into use third-party providers to ensure maximum security on their technology platforms as well.

What is the Commission for Vantage Prime?

The commission is different on different account types.

Pro ECN comes with a very low commission of around USD $0.0175 per 0.01 lots; however, the deposit amount for this account is very high. On the other hand, the standard commission at Vantage Prime can be taken as USD $ 0.03.

How to Open a Trading Account with Vantage Prime?

In order to create a live account at Vantage Prime, you need to visit the company website and click on the red button that appears on the screen.

The button will then take you to an application form, which you need to fill and provide required documents and proof of identity.

Once the company approves your application, you are officially a client at Vantage Prime.

Can I invest in Cryptocurrency with Vantage Prime?

Yes, you can, it provides traders the option to invest in crypto with over 5 instruments available for the same.

What leverage does Vantage Prime provide?

The maximum leverage at Vantage Prime is around 500:1.

Customers must note that it provides one of the best leverage in the market and they may not be getting the same from other brokers.

Does Vantage Prime have a trading app?

Yes, it has its very own trading app.

The company takes into use a third-party company named MetaQuotes and various others to work on their technical side of the business.

The trading app at Vantage Prime provides Meta4 and Meta5 platforms.

How to contact Vantage Prime customer care?

One can reach out to Vantage Prime in various ways; the easiest is to mail them.

Depending upon one’s situation or query, they can either reach Vantage Prime through phone, mail, or directly from the website.

Is Vantage Prime Regulated?

Yes! Given the fact that it has business in a number of countries outside of Australia, the company is regulated in all the countries they have offices in, by well-reputed authorities and government bodies.

Is Vantage Prime good for Beginners?

It is a very good choice if you are a beginner. Vantage Prime not only just provides you with a demo account but also makes available free educational support on trade for new brokers.

New brokers can also benefit a lot from Vantage Prime’s standard account.

Who founded Vantage Prime?

Jack Wang founded Vantage Prime in the year 2009 as MXT global, however, the name later changed into what we know today – Vantage Prime.

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