Brokers › Vantage

Vantage — costs, regulation & account details

Vantage Global Limited (global-facing entity, VFSC Vanuatu); group holding: Vantage International Holding Limited (Seychelles, reg. 171730)

UK site: '70.98% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider' (vantagemarkets.co.uk footer, 2026-07-11). Global and AU sites publish no percentage (not required in those jurisdictions) of retail investor accounts lose money trading CFDs/forex with this provider (broker-stated).

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Overview

Legal / official name: Vantage Global Limited (global-facing entity, VFSC Vanuatu); group holding: Vantage International Holding Limited (Seychelles, reg. 171730)
Parent company: Vantage International Holding Limited (Seychelles, reg. 171730); group operates as VIG Group / Vantage International Group
Founded: 2009 (Sydney, as Vantage FX / MXT Global); rebranded from 'Vantage FX' to 'Vantage' in November 2021; site says '15+ years of market experience'
Headquarters: Group is multi-hub: historic HQ Sydney, Australia (12/15 Castlereagh St); global-facing entity operates from Port Vila, Vanuatu (iCount Building, Kumul Highway); holding company in Seychelles; UK office 7 Bell Yard / 37 Jewry Street, London; ~30 offices, 1,000+ staff claimed
Publicly listed: null — no evidence of any exchange listing; privately held group
Accepts customers from: UK (FCA entity), Australia (ASIC entity), South Africa (FSCA entity), and most of the rest of the world (Asia-Pacific, LatAm, MENA, Africa) via the Vanuatu/Cayman/Mauritius entities. EXCLUDED per site footers: United States, India, Canada, China, Singapore, plus FATF-blacklisted and US/EU/UN-sanctioned jurisdictions; one page footer also lists Japan and North Korea. NOTE: no EU-regulated entity (no CySEC licence) — EU/EEA residents are not served by an EU-authorised Vantage entity; whether the offshore entity onboards specific EU countries was not verifiable

Regulation & entities

Brokers operate multiple legal entities; the protections and leverage you get depend on which one holds your account.

Entity	Regulator	Licence	Region
Vantage Global Prime Pty Ltd (ACN/ABN 157 768 566)	ASIC (Australia)	AFSL 428901	Australia (AU residents only per site disclaimer); also historically the issuer for some international clients
Vantage Global Prime LLP (Companies House OC376560)	FCA (United Kingdom)	FRN 590299 — status Authorised since 01/07/2013 (verified on FCA register 2026-07-11)	United Kingdom (CFDs and spread bets via vantagemarkets.co.uk); also processes some card transactions for other group entities
Vantage Markets (Pty) Ltd	FSCA (South Africa)	FSP 51268	South Africa
Vantage International Group Limited (Cayman Islands)	CIMA (Cayman Islands)	SIBL 1383491 (licensed 25-May-2018; on CIMA licensee list as of 30-Jun-2025)	International/offshore clients
Vantage Global Limited (Port Vila, Vanuatu)	VFSC (Vanuatu)	700271 (Financial Dealers Licensing Act s.4)	Rest of world / global site (vantagemarkets.com) — the entity most non-UK/AU/ZA retail clients contract with
VIG Group (operating the Vantage Markets brand)	FSC (Mauritius) — investment dealer licence	licence number not published in site footer	International (per global site footer, 2026)
V.I.S. Vantage Integrated Services Ltd (Cyprus HE 489383) and V.I.S. International Services Ltd (UK reg. 17158427)	None (unregulated payment-services entities)	Not stated	Payment facilitation for group entities; explicitly do not offer regulated financial products (site footer)

Accounts & pricing

Account	Pricing model	Commission (round turn)	Typical EUR/USD spread	Min. deposit
Standard STP (global/VFSC entity)	spread-only (no commission; markup over interbank feed)	$0	advertised 'from 1.0'; global spreads page indicative table shows EURUSD from 1.4 (minimums, not averages — averages not published)	$50
RAW ECN (global/VFSC entity)	raw spread + commission	$6.00 round turn ($3.00 per side per standard lot — help center, verified 2026-07-11)	from 0.0 (broker minimum; forex page indicative EURUSD spread 0.07 — reference only, averages not published)	$50
PRO ECN (global/VFSC entity)	raw spread + commission (professional/high-volume)	$3.00 round turn ($1.50 per side)	from 0.0 (minimum; averages not published)	$10,000
Cent (global/VFSC entity)	cent-denominated balance; page shows spreads from 0.0; commission structure not published	Not stated	Not stated	$50
Swap Free (global/VFSC entity)	spread-only, no swaps; a flat 'administration fee' is charged on overnight positions instead	Not stated	from 0.0 (advertised; admin-fee amounts not published on page)	$50
RAW ECN (UK entity, Vantage Global Prime LLP)	raw spread + commission	$2.00 round turn ($1.00 per side per lot for USD-denominated accounts; £1/€1 per side for GBP/EUR accounts) — verified on vantagemarkets.co.uk commission page AND raw-ecn page 2026-07-11	from 0.0 (minimum; averages not published)	$50
Premium ECN (UK entity)	raw spread + commission	$1.50 round turn ($0.75 per side; £0.75/€0.75 for GBP/EUR accounts)	from 0.0 (minimum)	not published (eligibility criteria not shown on public page)
Standard STP (UK entity)	spread-only, no commission	$0	Not stated	$50 (per UK RAW page pattern; UK STP page not individually captured)
Standard (AU entity, Vantage Global Prime Pty Ltd)	spread-only, no commission	$0	Not stated	$50
RAW Classic (AU entity)	raw spread + commission	$5.00 round turn ($2.50 per standard FX lot per side, in account base currency — AU raw-classic page 2026-07-11)	from 0.0 (minimum)	$50
RAW Premium (AU entity)	raw spread + commission; upgrade account requiring >= USD 500,000 notional traded in last 30 days per account	$2.00 round turn ($1.00 per side)	from 0.0 (minimum)	$50 (plus volume eligibility)
Perpetual (AU entity) and Pro (AU entity)	listed on AU site; terms not published in detail on public pages	Not stated	Not stated	Not stated

Professional client account

Professional-account data is being compiled for this broker.

Costs

Deposit fees: $0 — Vantage charges no internal deposit fees on any method (bank transfer, cards, e-wallets like Neteller/Skrill, crypto via V-Wallet supporting USDT/USDC/BTC/ETH); intermediary/overseas bank fees borne by client
Withdrawal fees: Free for all methods EXCEPT international bank transfer: 20 units of account currency (e.g. USD 20 / 150 HKD / 3,000 JPY) per withdrawal; intermediary bank fees are client's responsibility. Minimum withdrawal $30 (or full balance if below). Processing: cards/e-wallets ~1-3 business days, international wire up to 5 business days, crypto (USDT/BTC) 0-2 business days. (Global help center, 2026-07-11)
Inactivity fee: None documented for the global entity. Accounts with zero balance are archived after 90 days of inactivity (archived accounts cannot be reactivated — new account needed). Third-party reviews (BrokerChooser, Investing.com UK, FXEmpire) consistently report no inactivity fee including UK; UK legal docs not individually verified
Currency conversion: No explicit conversion fee published; help center notes deposits in a currency different from the account currency are converted at prevailing exchange rates (amounts may vary); commissions are charged in the account base currency
Swap-free available: Yes — dedicated Swap Free account (marketed for religious requirements), $50 min deposit; overnight positions incur an 'administration fee' instead of swap; fee schedule not published on the page
Swap notes: Standard swap charges apply on other account types on overnight positions (swap-rates pages exist per entity); crypto CFDs and other instruments carry overnight funding charges (AU crypto page)

Platforms & execution

MetaTrader 4: Yes — all entities (UK, AU, global)
MetaTrader 5: Yes — all entities
cTrader: No — not listed among platforms on the global, UK or AU sites (App, Web Trading, MT4, MT5, TradingView, Copy Trading, Demo only) as of 2026-07-11
TradingView: Yes — dedicated TradingView platform/integration pages on global, UK and AU sites; Trustpilot reviewers confirm linking accounts to TradingView
Proprietary: Vantage App (mobile) and Vantage Web Trading (browser); plus in-house Copy Trading app/web and V Social copy platform
API access: No public retail REST API. Institutional arm 'Vantage Connect' (connect.vantagemarkets.co.uk) offers FIX API market data/execution, MT4/5 bridge integration (OneZero, PrimeXM/XCore) for hedge funds, brokers, asset managers

Execution model: Claimed: STP/'true ECN environment' with liquidity-provider pricing, Equinix fibre-optic network execution, margin call 50% / stop-out 20% (global). Assessed: OTC CFD issuer — the AU footer states Vantage Global Prime Pty Ltd 'is the issuer of the products described' (principal counterparty), so ECN-style pricing rather than true agency ECN; 'dark pool liquidity' marketing on STP page is promotional language
Max leverage (by region): Global/VFSC entity: leverage options 100:1 to 500:1 on all account types (help center; some third-party reviews claim up to 1000:1 promos — NOT verified on primary sources). Australia: 30:1 retail max on FX majors per ASIC Product Intervention Order (confirmed on AU leverage page), lower for indices/gold/stocks and 2:1 crypto; higher only for wholesale/pro clients. UK: FCA retail caps apply (30:1 FX majors); UK pro clients can lose more than deposits per site risk warning
VPS: Free VPS promotion: eligible clients get their third-party VPS subscription cost refunded subject to volume/eligibility requirements (help center, 2026-07-11); no in-house free VPS by default
Copy trading: Yes — in-house Vantage Copy Trading (app + web; signal providers set profit-sharing up to 50%) and 'V Social' copy platform (own help-center category with drawdown warning/soft-stop levels)

Instruments

Forex: 63+ currency pairs (majors, minors, exotics) — broker-published, 2026-07-11
CFDs: 1,000+ CFD instruments total (global site; UK site says 900+): indices, commodities (energy incl. WTI/Brent/natgas, gold/silver/palladium, softs: coffee/cocoa/cotton), shares CFDs (US/UK/EU/AU), ETFs, bonds
Crypto CFDs: 40+ crypto CFDs (BTC, ETH, SOL, DOGE, ADA, XRP etc.), $0 commission, 24/7 trading — offered on AU site at 2:1 leverage; NOT listed anywhere on the UK site; global (/en/) site currently has no crypto market pages either (former cryptocurrencies URL 404s) though crypto deposits via V-Wallet are supported — global-entity crypto CFD availability unclear
Crypto for retail (no pro status): UK: NO — FCA ban on crypto derivatives for retail clients (Jan 2021) still in effect as of 2026; Vantage UK lists no crypto instruments at all. AU: YES — retail crypto CFDs offered, capped at 2:1 leverage with negative balance protection (ASIC rules). EU: Vantage has NO EU-regulated entity, so no EU-retail crypto offering to assess. Offshore/global entity: crypto CFD product pages currently absent from the /en/ site (verified 2026-07-11); crypto funding (deposits/withdrawals) is available

Consumer protection

Negative balance protection: AU: yes for retail (ASIC product intervention; also stated on AU crypto page). UK: yes for retail (FCA rules; UK pro clients explicitly warned they can lose more than deposits). Global/VFSC entity: NOT explicitly documented — margin call 50% / stop-out 20%; risk warning says professional clients can lose more than initial investment
Client fund segregation: Yes (all entities claim it): global entity holds client funds in segregated trust accounts with 'top-tier Australian banks' separate from company capital (fund-insurance page); UK entity subject to FCA CASS client-money rules; third-party reviews name Standard Chartered and ANZ as custodian banks (secondary source)
Compensation scheme: UK entity: FSCS eligibility up to £85,000 (FCA-authorised firm; FCA register notes some activities may not be covered — check per activity). AU: no statutory compensation scheme for CFD claims. Global/VFSC + Mauritius entities: NO statutory scheme; instead an excess-of-loss insurance policy underwritten by ARCH 2012 at Lloyd's of London, up to USD 1,000,000 per eligible claimant (broker's own page explicitly states this 'does not constitute a deposit protection or compensation scheme'); WTW-arranged group insurance to $1M per claimant cited in footer; member of The Financial Commission (external dispute resolution) for the offshore business
Stated retail loss %: UK site: '70.98% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider' (vantagemarkets.co.uk footer, 2026-07-11). Global and AU sites publish no percentage (not required in those jurisdictions)

Reputation

Trustpilot: 4.3 / 5 from 13,455 reviews (read directly on Trustpilot 2026-07-11); distribution ~74% 5-star, ~16% 1-star; profile claimed Feb 2022, paid Trustpilot subscription, heavy use of 'Invited' reviews (Trustpilot)

Regulatory actions / fines

2018 — ASIC court-enforceable undertaking (18-183MR): inadequate systems/controls after a senior employee misused confidential client trading information (front-running, ~$95k personal gain); independent compliance expert imposed, final compliance report published
2021 — Ontario Securities Commission settlement (approved 15 Jul 2021): Vantage Global Prime Pty Ltd + Vantage International Group Ltd disgorged US$3,000,000 plus C$600,000 penalty and C$10,000 costs for unregistered CFD trading and prospectus violations with Ontario residents; Canada now on the excluded-countries list
2020-2023 — FCA register lists multiple clone-firm scam warnings impersonating Vantage Global Prime LLP (e.g. 'Vantage Trades' 2020, 'Daily FX Indices' 2023) — not misconduct by Vantage but relevant to brand risk
2024 — ForexPeaceArmy banned a Vantage employee account ('PanzerWang', Aug 2024) for posting undisclosed employee reviews/attacks on competitors; FPA states Vantage employees left 'client' reviews 2018-2024

Noted issues

Recurring complaint theme on FPA/Trustpilot 1-star reviews: withdrawal delays/blocks and account verification friction, several large-value disputes alleging profit cancellation via 'Cash Adjustment - PNL' entries on MT5
One FPA thread documents an alleged bribery attempt by an account manager ($600 USDT 'personal favor' to release payments) — single-source allegation
Entity arbitrage: most non-UK/AU/ZA clients are onboarded to the Vanuatu (VFSC) entity with materially weaker protections than the FCA/ASIC entities, while marketing leads with the FCA/ASIC licences
Commission differs 3x by entity for the same 'RAW' product ($1/side UK vs $2.50/side AU vs $3/side global) — comparison sites usually quote only one

Sources

Every figure above is drawn from these sources, retrieved as of the dates shown.

Regulated entities and licence numbers (all five) (2026-07-11)
Entity footers incl. Seychelles holding, Mauritius FSC/VIG Group, Cyprus+UK payment entities, WTW $1M insurance, Financial Commission membership, excluded countries (2026-07-11)
FCA register — Vantage Global Prime LLP Authorised since 01/07/2013, clone warnings, FSCS note (2026-07-11)
CIMA licence 1383491 active (quarterly licensee list) (2025-06-30)
Global RAW ECN account (spreads 0.0, $50 min, $0 deposit fee, MC 50%/SO 20%) (2026-07-11)
Global PRO ECN ($1.50/side, $10,000 min) (2026-07-11)
Global Standard STP (from 1.0 pips, $50 min, no commission) (2026-07-11)
Cent account ($50 min) (2026-07-11)
Swap Free account (admin fee replaces swaps) (2026-07-11)
Global commissions: RAW $3/side, PRO $1.50/side (money-critical) (2026-07-11)
UK commissions: RAW ECN $1/side ($2 RT), Premium ECN $0.75/side ($1.50 RT) (money-critical) (2026-07-11)
UK RAW ECN corroboration ('USD 1.00 commissions per standard lot, per side', $50 min) + UK account lineup + spread betting (2026-07-11)
UK retail loss disclosure 70.98%, FCA FRN 590299, UK addresses (2026-07-11)
AU RAW Classic $2.50/side, $50 min (2026-07-11)
AU RAW Premium $1/side + USD 500k/30-day notional eligibility (2026-07-11)
AU leverage: 30:1 retail FX majors per ASIC Product Intervention Order (2026-07-11)
AU crypto CFDs: 40+ coins, 2:1 leverage, 24/7, $0 commission, NBP (2026-07-11)
Withdrawal fees: free except intl wire 20 units of account ccy (money-critical); min withdrawal $30 (2026-07-11)
Deposit fees: none charged by Vantage; conversion at prevailing rates (2026-07-11)
No inactivity fee documented; zero-balance accounts archived after 90 days (help center search results: 'What should I do if my account is displayed as inactive?' / 'Can I reopen/reactivate an archived account?') (2026-07-11)
Demo expiry: 30-day login validity, 14-day no-trade auto-archive (2026-07-11)
Demo types (Standard STP, RAW ECN, Perpetual), balances, currencies (2026-07-11)
Demo marketing (virtual $100k, robots/EA testing; no parity guarantee) (2026-07-11)
Global leverage options 100:1-500:1 (help center: 'What leverage options are available at Vantage?') (2026-07-11)
Forex offering: 63+ pairs, EURUSD indicative 0.07 pips + $6/lot commission, 1,000+ CFDs (2026-07-11)
Spreads page: Standard EURUSD from 1.4 / RAW-PRO from 0.0 (minimums) (2026-07-11)
Fund safety: segregated trust accounts (Australian banks), ARCH 2012 Lloyd's $1M excess-of-loss insurance (not a compensation scheme), VFSC client money rules (2026-07-11)
Company history: 15+ years, multi-asset, 1,000+ CFDs (2026-07-11)
Founded 2009 Sydney; Nov 2021 rebrand Vantage FX → Vantage; 30 offices, 1,000+ staff (2021-11-16)
Copy trading (in-house, profit share up to 50%) (2026-07-11)
CPA affiliate program: up to $800 CPA, CellXpert (2026-07-11)
IB program: volume-based rebates (rates unpublished) (2026-07-11)
Institutional FIX API (Vantage Connect) (2026-07-11)
Trustpilot 4.3, 13,455 reviews (read directly in browser) (2026-07-11)
ASIC 2018 court-enforceable undertaking (18-183MR) (2018-06-01)
OSC 2021 settlement: US$3M disgorgement + C$600k penalty + C$10k costs (2021-07-15)
FPA complaints + employee fake-review ban (Aug 2024) (2026-07-11)
Free VPS promotion (subscription refund, eligibility-based) (2026-07-11)
Excluded countries (help-center generic statement; concrete list in site footers) (2026-07-11)
UK FSCS £85k / NBP / segregation corroboration (secondary) (2026-07-11)

Data notes: Left null / flagged as unverified: (1) AVERAGE (typical) EURUSD spreads — Vantage publishes only 'from' minimums and 'reference-only' indicative figures (EURUSD 0.07 on the forex page, 1.4 on the spreads page for Standard); no official average-spread table exists, so typical_spread fields carry the broker minimums explicitly labelled as such. (2) Cent, AU Perpetual, AU Pro and UK Premium account commission/min-deposit details are not published on public pages. (3) AU RAW Classic '$2.5 per side' is stated in account base currency — the per-currency AU commission table is a dynamic widget that could not be extracted, so the exact AUD/GBP equivalents are unverified. (4) The global (VFSC) entity's negative balance protection is not explicitly documented — only margin-call/stop-out levels. (5) Inactivity fee: no fee found in the global help center (only 90-day zero-balance archiving); UK entity legal documents were not individually parsed — third-party consensus says no inactivity fee, one outlier source claims a dormant fee may apply. (6) demo_pricing_matches_live: no official parity statement exists either way; assessment is inferential (same account types offered as demo) — treat as unconfirmed for product purposes and prefer the Perpetual demo to avoid 14-day/30-day expiry. (7) Mauritius FSC licence number for VIG Group is not disclosed in footers. (8) CPA 'up to $800' is a ceiling; typical CPA and IB $/lot rebates are not published. (9) 1000:1 leverage claims appearing in third-party reviews for the offshore entity could not be verified on primary sources (help center says 100:1-500:1). (10) Whether the offshore entity onboards EU/EEA residents is unclear; Vantage has no EU-regulated entity. (11) Global-entity crypto CFD lineup is ambiguous: the /en/ site's crypto pages currently 404 and crypto is absent from its product menus, while the AU site actively offers 40+ crypto CFDs; do not assume offshore-entity crypto CFD availability. (12) The main site geo-serves content (browser session was geo-located to Thailand) — the '/en/' figures above reflect the global VFSC-entity site; region-specific sites (UK, AU) were captured separately and differ materially in commissions, loss disclosure, and product range. Site footers are inconsistent on the excluded-countries list (one page adds Japan/North Korea). FPA bribery allegation is single-source and unadjudicated.

Cost figures reflect each broker's published specifications as of 11 July 2026 and can change; always check the broker's current terms. Most retail investor accounts lose money trading CFDs. PipTax compares costs and is not investment advice. How we research this.