What is Vantage？

Vantage is an online forex broker that offers trading services for individuals and institutions around the world. The company was founded in 2009 and is headquartered in Australia, with additional offices in the United Kingdom, Cayman Islands, and China. Vantage provides a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies, and offers multiple trading platforms, such as MetaTrader4 and5. The broker also provides a range of educational resources and customer support services to help traders of all levels make informed trading decisions.

Pros & Cons

Vantage offers a good selection of trading instruments, competitive spreads, and multiple trading platforms. The broker is also well-regulated and offers a high level of security for client funds.

On the downside, some traders have reported issues with order execution and withdrawals. Additionally, some trading platforms may not be available to all clients based on their country of residence.

Note: This table is not exhaustive and there may be other pros and cons of Vantage depending on individual experiences and preferences.

Vantage Alternative Brokers

There are many alternative brokers to Vantage depending on the specific needs and preferences of the trader. Some popular options include:

• Admiral Markets: An online trading platform offering a range of financial instruments, including forex, stocks, and commodities.

• AvaTrade: A regulated forex broker that provides trading services to clients worldwide, with a range of trading platforms and instruments available.

• Plus500: An online trading platform that offers CFD trading on various financial instruments, including forex, cryptocurrencies, and stocks, with a user-friendly interface and competitive spreads.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Vantage Safe or Scam？

Based on the available information, Vantage appears to be a reliable broker. It is regulated by top-tier authorities including ASIC and the FCA, offers negative balance protection, ensuring clients cannot lose more than their account balance. Vantage also has a range of trading platforms and tools, as well as competitive fees and spreads. However, there have been some negative reviews regarding customer service and the withdrawal process. Overall, it is important for individuals to conduct their own research and due diligence before deciding to use Vantage or any other broker.

Market Instruments

Vantage provides a diverse range of trading instruments to cater to the different trading needs of its clients. It offers trading in major, minor, and exotic forex currency pairs, as well as popular indices, such as S&P 500, NASDAQ, and Dow Jones. In addition, Vantage also offers trading in precious metals, including gold and silver, soft commodities, such as coffee, sugar, and wheat, and energy products, including crude oil and natural gas. Clients can also trade Exchange Traded Funds (ETFs), share CFDs, and bonds. With this variety of instruments, traders can diversify their portfolio and capitalize on different market opportunities.

Accounts

Vantage offers three tiered trading accounts to satisfy different traders trading needs. Standard STP account is for novice traders who want direct market access with no commissions applied. Raw and Pro ECN accounts are designed for experienced traders who pursue high liquidity and ultra-low spreads. To open a Standard STP or Raw ECN account, you need $50, while Pro ECN account is designed for traders with high volume, which requires an account opening amount of $10,000. It also offers unlimited demo accounts.

Leverage

Vantage offers the maximum trading leverage of up to 500:1, a generous offering, ideal for professionals and scalpers. However, inexperienced traders are advised not to use such a high leverage level in case of heavy fund losses.

Spreads & Commissions

When it comes to the core part of the forex trading spread, it varies depending on the account type. The spread in the Standard STP account starts from 1.0 pips with no additional commissions. The spreads in the Raw and Pro ECN accounts start from 0.0 pips, but with additional commissions required, from $3 per lot per side and from $1.5 per lot per side respectively.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that the spread and commission may vary depending on the account type and trading platform used.

Trading Platforms

Vantage offers traders the most popular online forex trading terminals on the market- MT4 and MT5 trading platforms. MT4 trading platform from VANTAGE FX comes with a wide range of powerful chart types and supports desktop, web, and mobile devices, etc. MT5 offers a full suite of trading needs, including forex, commodities, and indices, with all quotes from liquidity providers at your fingertips. MT5's two account types (Equity and Hedge) make it easier for traders to manage their accounts in the way they want.

Overall, Vantage's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Note: The table only includes some of the available trading platforms for each broker.

Trading Tools

Vantage offers a range of trading tools to assist traders in making informed trading decisions. These tools include market news and analysis, an economic calendar, sentiment indicators, smart trader tools for the MT4 and MT5 platforms, a range of calculators, Forex VPS, TradingView, trading signals, PRO Trader Tools, and PRO Trader Tutorials. These tools provide traders with comprehensive market insights and analysis to help them identify profitable trading opportunities. Additionally, the PRO Trader Tools offer advanced features such as trade management, sentiment analysis, and correlation matrix, making it an attractive option for professional traders looking for sophisticated trading tools.

Deposits & Withdrawals

Vantage offers several flexible payment options, consisting of Domestic EFT, Domestic Express Transfer (Australia only), International EFT, credit/debit cards of Visa/MasterCard, JCB, China UnionPay, Neteller, Skrill, AstroPay, Broker-to-Broker Transfer, FasaPay, and Thailand Instant Bank Wire Transfer.

Before submitting a withdrawal request, please ensure that the requested amount is equal to or above the minimum required amount for each withdrawal method shown in the table below. Otherwise, you may need to top up your account balance to or above the suggested minimum before withdrawing.

The broker does not charge any internal fees for any deposits and withdrawals. However, outgoing and incoming deposits from foreign banking institutions may be subject to brokerage fees for either party. These fees are not controlled by Vantage, and the user is responsible for the costs incurred.

Base currencies:

AUD – Dollars, USD – United States Dollar, EUR – Euro, GBP – British Pound Sterling, NZD – New Zealand Dollar, SGD – Singapore Dollar, JPY – Japanese Yen, CAD – Canadian Dollar

Vantage minimum deposit vs other brokers

Vantage Money Withdrawal

To withdraw funds, clients need to log in to their Vantage account and go to the “Withdrawal” section. From there, they can select the withdrawal method and follow the instructions provided. Withdrawal requests are typically processed within one business day, and the time it takes for the funds to reach the client's account depends on the withdrawal method used.

Fees

Vantage also charges an inactivity fee of $50 per quarter for accounts that have been inactive for 6 months or more. There are no deposit or withdrawal fees, but clients may incur charges from their payment provider.

See the fee comparison table below:

Note that the withdrawal fees for Vantage and Admiral Markets may vary depending on the withdrawal method chosen. It's important to check with each broker for the most up-to-date information on fees.

Customer Service

Vantage offers customer support 24/7 through various channels such as email, live chat, and phone. They also provide a comprehensive FAQ section on their website to answer common queries. Moreover, they are also some social media platforms, including Twitter, Facebook, Instagram, YouTube and LinkedIn.

Overall, their customer service is efficient and responsive, with quick response times and helpful support agents.

Note: These are general observations and experiences may vary depending on individual cases and circumstances.

Education

Vantage provides educational resources to its clients to help them improve their trading skills and knowledge. These educational resources include articles, webinars, and guides that cover various topics such as trading strategies, technical analysis, fundamental analysis, risk management, and more. Vantage also offers a free demo account to clients to practice their trading skills in a risk-free environment. Additionally, Vantage provides market analysis and research to its clients to help them make informed trading decisions.

Conclusion

Overall, Vantage offers a wide range of trading instruments and platforms, with competitive spreads and no commission on trades, making it an attractive option for traders. The broker also provides various educational resources for traders, including webinars and tutorials. However, Vantage's customer service could be improved, as some traders have reported slow response times and have difficulty withdrawing funds. Despite these drawbacks, Vantage has established a strong reputation for reliability, with stringent regulations in place to protect client funds. Overall, Vantage is a choice for traders looking for a reputable broker with a wide range of trading tools and educational resources.

Frequently Asked Questions (FAQs)

General information

BCR is an Australian forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission), ensuring compliance with financial regulations and providing a level of trust and security for traders.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros:

• Regulation: BCR is regulated by ASIC (Australian Securities and Investments Commission), which provides a level of security and trustworthiness for traders.

• Demo Account: BCR provides a demo account, allowing traders to practice and test their trading strategies in a risk-free environment.

• Commission-free: BCR offers commission-free trading for all account types.

• Advanced Trading Platforms: BCR provides access to advanced MT4 trading platform, offering comprehensive charting tools, indicators, and automated trading capabilities.

• Market Research Tools: BCR offers various market research tools, including economic calendars and market live, to help traders stay informed and make well-informed trading decisions.

Cons:

• Limited Account Types: BCR only offers two account types, which could restrict options for traders with specific needs or preferences.

• Wide Spreads: BCR offers spreads from 3.0 pips, while the industry average spread is just 1.5 pips.

• Customer Support Availability: The availability of customer support might be limited outside of regular business hours, which could be inconvenient for traders in different time zones or those requiring immediate assistance.

Is BCR Legit or a Scam？

BCR operates within a well-regulated framework, authorized and regulated by respected financial authorities, including the Australian Securities and Investments Commission (ASIC, No. 328794) and offshore regulated by the Financial Services Commission (FSC, No. SIBA/L/19/1122) in the Virgin Islands.

This regulatory oversight ensures that BCR complies with stringent financial regulations, industry standards, and best practices. The ASIC and FSC play a crucial role in monitoring and supervising Doo Prime's operations, ensuring that the broker maintains transparency, ethical practices.

Additionally, BCR's practice of keeping segregated client funds means that client money is kept separate from the company's own funds. This can offer an additional layer of security for traders, since in the event of a company bankruptcy, these funds would not be treated as recoverable assets by general creditors of the company. This practice is common among regulated brokers as it provides more protection for traders' investments.

Market Instruments

Forex, CFDs on metals, commodities, indices... BCR allows clients to access 300+ trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR.

This includes prominent global forex currency pairs, allowing for trading in the foreign exchange market.

They also offer CFDs on metals, which may include precious metals like gold and silver, as well as industrial metals.

In addition, traders can access CFDs on commodities, from energy sources like oil and gas to agricultural products.

This is extended to indices, tracking performance of groups of shares in a particular market or sector.

However, cryptocurrencies are currently unavailable.

This extensive offering enables traders to diversify their portfolios and engage in different markets based on their investment preferences and strategies.

Account Types

Apart from demo accopunts, BCR offers four live account types: Standard, Advantage, Alpha, and Affiliate. All account types provide leverage up to 400:1, a 50% stop-out level, micro-lot trading (0.01), and access to single stock CFDs, except for the Alpha account. The minimum deposit requirements range from $300 USD for the Standard and Advantage accounts to $3,000 USD for the Affiliate account. Spreads start from 1.2 pips for the Advantage account, with the Alpha account offering zero spreads. Additionally, the Advantage account charges a $3 USD commission per lot per side. The lot size per transaction is capped at 20 for all account types.

How to Open an Account？

Here are four specific steps to open an account with BCR:

Step 1: Visit the BCR official website: Go to the BCR website using a web browser on your computer or mobile device. Navigate to the account opening section: Look for the “Join Now” button on the website on the homepage.

Step 2: Fill out the account application form: Click on the account opening button/link, and you will be directed to an online form. Provide the requested information, including your full name, contact details (such as phone number and email address), and password.

Step 3: Submit identification documents: As part of the account verification process, BCR may require you to provide identification documents. These documents may include a copy of your passport or national ID card, proof of address (such as a utility bill or bank statement), and any other documents requested by the broker.

Step 4: Review and agree to the terms and conditions: Before finalizing your account creation, carefully read through the terms and conditions provided by BCR. Make sure you understand and agree to all the terms before proceeding. If you have any questions or concerns, you can contact their customer support for clarification.

Leverage

BCR provides traders with maximum levearge up to 400:1.

Leverage, in simple terms, is a tool that enables traders to control a larger position in the market with a smaller amount of capital. It can be a valuable tool for experienced traders who understand its risks and benefits. By using leverage, traders can potentially generate higher returns on their investments.

However, leverage is a double-edged sword. While it can enhance profits, it can also magnify losses. Traders should exercise caution and implement effective risk management strategies when utilizing leverage. It is crucial to have a thorough understanding of the market and the associated risks before engaging in leveraged trading.

Spreads & Commissions

BCR provides traders with a variety of options when it comes to spreads and commissions, catering to different trading needs and preferences. The Standard account offers a zero-commission trading environment, allowing traders to execute trades without incurring any additional charges. Spreads for the Standard account start from 8.0 pips.

For those seeking even tighter spreads, the Advantage account is available. With spreads starting from 3.0 pips and no commissions, this account offers enhanced trading conditions for traders looking to optimize their trading strategies and minimize their trading costs.

Spreads and commissions vary on the trading symbol, more details can be found in the screenshot below.

Trading Platforms

BCR provides traders with a versatile trading platform that encompasses the renowned MT4 (MetaTrader4) platform as well as a user-friendly webtrader. The MT4 platform is highly regarded in the industry for its robust features and comprehensive tools, empowering traders with advanced charting capabilities, technical indicators, and a wide range of order types to suit their trading strategies. With MT4, traders can analyze market trends, execute trades with precision, and effectively manage their positions.

Deposit & Withdrawal

BCR provides its customers with a variety of payment options, catering to different banking preferences. The options available for depositing and withdrawing funds include Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, and USDT. This selection gives traders a good deal of flexibility.

In terms of withdrawal request processing, BCR operates a specific schedule. The cut-off time for processing on the same day is 10:00 AM. Requests submitted before this time will be processed on the same day, whereas requests submitted afterwards will not be processed until the following business day.

Additionally, BCR does not charge any fees for deposits or withdrawals. However, transactions between international banks might incur fees such as intermediary fees.

Trading Tools & Education

BCR is dedicated to providing its clients with a comprehensive trading experience by offering valuable trading tools and educational resources.

Their economic calendar is a must-have tool for traders, allowing them to stay informed about important economic events that have the potential to impact the markets. Identifying these events can help with planning trading strategies.

Their glossary is an excellent educational resource, especially for beginner traders. It provides definitions for numerous terms used in trading, helping traders become familiar with industry jargon.

Additionally, BCR offers a 'Market Live' feature, which provides real-time updates about market conditions and trends.

These tools, combined with their educational resources, assist traders in making informed decisions and understanding the complexity of the markets, which ultimately contributes towards a more efficient trading experience.

Customer Support

Customer support through multiple channels, including phone, email, contact form and online chat. This multi-channel approach ensures that traders have various options to reach out for assistance or inquiries.

By offering phone support, BCR allows traders to have direct communication with their support team, enabling them to receive real-time assistance and resolve any urgent matters.

Email support provides traders with a written record of their communication, allowing them to articulate their queries or concerns in detail and receive responses at their convenience.

Additionally, BCR's online chat support enables traders to have quick and direct interactions with a support representative. This live chat feature allows for instant messaging and real-time responses.

Below are the details about customer service.

Language(s): English, Chinese, Vietnamese, Japanese, etc.

Service Time: 24/5

Live chat, Contact Form

Email: info@thebcr.com

Phone: +44 3300010590

Social Media: Facebook, Twitter, Instagram, LinkedIn

Address: BCR Co Pty Ltd, Trident Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.