Vantage Markets Review – How safe is to invest here?
Website: https://www.vantagemarkets.com
Address: Australia, South Africa, and the United Kingdom
Warning: Not Recommended By Review Website Like Scam Helpers
Regulated? Unregulated
Vantage Markets Review: Introduction
Vantage Markets claims to be a multi-asset CFD broker that provides access to a responsive and potent service for CFD trading on forex, indices, commodities, ETFs, and stocks. The company was founded in 2009, and the domain can be found at https://www.vantagemarkets.com/. The offices of this firm are in Australia, South Africa, and the United Kingdom.
Vantage Market claims to have experience of 10+ years in the trading market and offers a reliable trading ecosystem also a quicker and easier trading platform. With these several claims and offers, they pretend them as a legit and trustworthy broker, but the truth is different from their claims. It is suggested that traders verify current information before opening an account. Read a complete Vantage Markets Review to know more about this broker.
Vantage Markets Review: Regulation
Vantage Markets claims to be regulated by ASIC (Australia), FCA (UK), and CIMA (Cayman Islands). Similar to other global brokers, each entity’s offerings vary greatly. For instance, the Australian corporation does not offer social copy-trading, but the Cayman Island Vantage Markets brand does, with a difference of roughly 50 trading instruments. This point makes them suspicious, whether they are a legitimate broker or a scam. They provide a lack of information on Forex trading and limited training.
Vantage Markets Review: Deposit and Withdrawal Method
Vantage Markets offers several deposit and withdrawal methods, including bank wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Bank Transfers, BPAY, MobilePay, Poli, Skrill, Neteller, Transfer from Existing Broker, Zotapay, and UnionPay. But they do not mention its withdrawal fees on their website.
Vantage Markets Review: Trading Accounts and Conditions
Vantage Markets offers three types of trading accounts: Standard, Raw, and Pro. The minimum deposit for the standard and raw accounts is $50, and the minimum deposit for the pro account is $10000. The leverage of all accounts is 1:500.
The spread of the standard account is 1.0 pips, and the raw or pro account spread is 0.0 pips. They also offer a commission for a raw account is $3 and for a Pro account is $1.5. They offer several account base currencies: $ AUD, $ USD, £ GBP, € EUR, $ SGD, $ CAD, $ NZD, ¥ JPY, $ HKD, zł PLN.
The minimum deposit for the pro account and the leverage for all accounts are very high. If you want to qualify for active trader rebates, you must deposit at least $10,000, and the spreads on the Standard account are not impressive.
Is Vantage Markets safe for trading?
Scam Helpers discovered several complaints filed against Vantage Markets. The lack of information about their regulated license indicates that this broker is not safe for trading.
Vantage Markets Review: Conclusion
If you think you’ve been scammed, the first step to do is to get in touch with the bank that provided your credit or debit card and ask them to change your card details, like your username and password. You can also file a complaint on our Scam Helpers website against a scam broker for fund recovery. We provide a free consultation to scam victims and also help in the fund recovery process.
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