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Do you want to know which is the better broker between Vantage and MONEX ?
In the table below, you can compare the features of Vantage , MONEX side by side to determine the best fit for your needs.
EURUSD: -0.4
XAUUSD: 2.6
Long: -5.39
Short: 2.46
Long: -30.8
Short: 18.9
EURUSD: -0.8
XAUUSD: 14.7
Long: -2.38
Short: 0.41
Long: -4.41
Short: 2.41
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of vantage-fx, monex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Vantage Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | Sydney, Australia |
Regulation | ASIC, FCA |
Market Instruments | Forex, Indices, Precious Metals, Soft Commodities, Energy, ETFs, Share CFDs, Bonds |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 1.0 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $50 |
Customer Support | 24/7 live chat, phone, email |
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.
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.
Pros | Cons |
• Wide range of trading instruments | • Too many complaints about withdrawals from clients |
• Low minimum deposit requirement | • No Canada, China, Romania, Singapore, the United States clients allowed |
• User-friendly trading platforms | |
• Regulated by multiple top-tier authorities | |
• Negative balance protection for clients |
Note: This table is not exhaustive and there may be other pros and cons of Vantage depending on individual experiences and preferences.
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.
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.
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.
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.
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.
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:
Broker | EUR/USD Spread | Commission |
Vantage | 1.0 pips | $0 |
Admiral Markets | 0.5 pips | $0 |
AvaTrade | 0.9 pips | $0 |
Plus500 | 0.6 pips | $0 |
Please note that the spread and commission may vary depending on the account type and trading platform used.
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:
Broker | Trading Platform |
Vantage | MetaTrader4, MetaTrader5 |
Admiral Markets | MetaTrader4, MetaTrader5, Admiral Markets Web Trader |
AvaTrade | MetaTrader4, AvaTradeGO, AvaOptions, DupliTrade |
Plus500 | Plus500 WebTrader, Plus500 Windows Trader |
Note: The table only includes some of the available trading platforms for each broker.
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.
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.
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 | Most other | |
Minimum Deposit | $50 | $100 |
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.
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:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Vantage | Free | Free | $50 per quarter after 6 months of inactivity |
Admiral Markets | Free | Free for one withdrawal per month, fees for additional withdrawals apply | No |
AvaTrade | Free | Free for one withdrawal per month, fees for additional withdrawals apply | $50 per quarter after 3 months of inactivity |
Plus500 | Free | Free | $10 per quarter after 3 months of inactivity (up to $40) |
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.
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.
Pros | Cons |
• 24/7 customer support via live chat, email, and phone | • No dedicated account manager for all account types |
• Knowledgeable and helpful customer service representatives | |
• Fast response times to customer inquiries |
Note: These are general observations and experiences may vary depending on individual cases and circumstances.
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.
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.
Q 1: | Is Vantage regulated? |
A 1: | Yes. It is regulated by ASIC & FCA. |
Q 2: | At Vantage, are there any regional restrictions for traders? |
A 2: | Yes. It does not offer our services to residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists. |
Q 3: | Does Vantage offer demo accounts? |
A 3: | Yes. It offers unlimited demo accounts. |
Q 4: | Does Vantage offer industry-standard MT4 & MT5? |
A 4: | Yes. It supports MT4 and MT5. |
Q 5: | What is the minimum deposit for Vantage? |
A 5: | The minimum initial deposit to open an account is $50. |
Q 6: | Is Vantage a good broker for beginners? |
A 6: | No. Vantage is not a good choice for beginners. It is regulated well and offers rich tradable instruments with competitive trading conditions on MT4 and MT5 platforms , though too many complaints from their clients saying that they are unable to withdraw. |
Aspect | Information |
Registered Country/Area | Japan |
Founded Year | 1999 |
Company Name | Monex Group |
Regulation | FSA |
Minimum Deposit | Not specified |
Spreads | Not specified |
Trading Platforms | Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision |
Tradable Assets | Domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc. |
Account Types | Not specified |
Customer Support | Email & Phone support |
Payment Methods | Instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers |
Educational Tools | Financial investment information, and monthly disclosure of company information, news releases, etc. |
Monex Group, Inc. is a financial services company based in Japan. It was founded in 1999 and is regulated by the Financial Services Agency (FSA) of Japan. The company offers various trading platforms, including Monex Trader for stocks and futures, Monex Trader FX for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Monex Group provides a wide range of tradable assets to its clients. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, initial public offerings (IPOs), stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and more.
The specific account types and minimum deposit requirements are not specified in the available information. However, Monex Group offers customer support through email and phone. It provides various payment methods, such as instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers.
For educational purposes, Monex Group offers financial investment information and monthly disclosure of company information, news releases, and other resources to assist traders and investors in making informed decisions.
Monex Group, represented by its licensed institution Monex Securities Inc. (マネックス証券株式会社), is a legitimate and regulated online securities company operating under the supervision of the Financial Services Agency in Japan. Since September 30, 2007, Monex Securities Inc. has held a retail forex license (License No.: 関東財務局長(金商)第165号), ensuring compliance with industry standards and regulations. The company's headquarters are located at 1-12-32 Akasaka, Minato-ku, Tokyo, and they can be contacted at 03-4323-3800. This regulatory oversight and transparency contribute to the trustworthiness and credibility of Monex Group.
Monex Group, a reputable online securities company based in Tokyo, Japan, offers several advantages and drawbacks to consider. One of its significant strengths is being FSA-regulated, ensuring a level of security and adherence to regulatory standards. Additionally, Monex Group provides a diversified range of products and services, catering to the needs of various investors. Another advantage is the availability of multiple trading platform options, allowing traders to choose the one that suits their preferences. Moreover, Monex Group supports various payment methods, enhancing convenience for clients.
However, there are a couple of downsides to be aware of. Firstly, there is no clear information regarding the minimum deposit requirement, which may pose a challenge for potential investors. Secondly, the customer support provided by Monex Group is considered average, and some clients may have higher expectations in terms of responsiveness and assistance. Overall, Monex Group offers a regulated and diverse investment environment but could improve certain aspects like providing more transparent deposit information and enhancing customer support.
Pros | Cons |
FSA-regulated | No clear Minimum deposit info |
Diversified range of products & services | Relatively high fees for some products |
Multiple trading platform options | Limited languages support |
Various payment methods | No specific information on account types, leverage, and spreads |
Established and reputable company |
Monex Group offers a comprehensive range of products and services to investors. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and bonds. With such a diverse selection, investors have the opportunity to diversify their portfolios and access a wide range of investment options. Whether they are interested in stocks, bonds, or alternative investments like cryptocurrency, Monex Group aims to meet the diverse needs and preferences of its clients.
Commissions
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms
Monex Group provides a wide range of flexible trading platforms to cater to the needs of traders. These platforms include Monex Trader, which supports trading in stocks and futures, Monex Trader FX, specifically designed for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision. These platforms offer different features and functionalities to enhance the trading experience and allow traders to access a variety of financial instruments. Whether traders are interested in stocks, futures, forex, or market information, Monex Group offers diverse options to suit their preferences and trading strategies.
TradeStation offers state-of-the-art trading technology and online electronic brokerage services to active individual and institutional traders. TradeStation has been able to leverage its award-winning technology solutions in global markets extending from Europe to Japan, China, and South Korea. TradeStations powerful yet convenient mobile and web trading apps let clients capitalize on trading opportunities virtually anytime anywhere, while its desktop platform provides all the tools needed to design, test, optimize, automate, and monitor custom equities, options and futures trading strategies. TradeStation also provides personalized support from fully licensed brokerage professionals, a vast array of educational offerings to help clients improve their trading skills, different accounts to meet every trading and investment objective, and simplified low-cost commission pricing.
MONEX provides investors with a diverse selection of deposit and withdrawal options, ensuring convenience and flexibility. Investors can choose from instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers. These options allow investors to easily fund their investment accounts and access their funds when needed. With a variety of choices available, MONEX aims to accommodate the preferences and requirements of its clients, making the deposit and withdrawal process efficient and user-friendly.
Clients with any inquiries or trading-related issues can easily contact MONEX through various accessible channels. They can reach out to MONEX via telephone at +81 0120-430-283 or send an email to feedback@monex.co.jp. Additionally, MONEX maintains an active presence on popular social media platforms such as Twitter, Facebook, and YouTube, allowing clients to stay updated and engage with the company. These multiple contact channels provide clients with convenient options to seek assistance, receive support, and stay connected with MONEX, ensuring a responsive and interactive customer experience.
Monex Group claims to provide comprehensive educational resources for investors. Here are some key points about the educational resources offered by Monex Group:
1. For New Investors:
Monex Group provides tailored educational materials and resources specifically designed for new investors. These materials cover a wide range of topics, including investment basics, risk management, and investment strategies.
2. Financial Result Related Materials:
Monex Group regularly publishes financial result-related materials to keep investors informed about the company's performance. These materials include financial statements, earnings reports, and management commentary, providing a transparent view of the company's financial health.
3. IR Library:
Monex Group maintains an extensive IR (Investor Relations) library, which serves as a repository for various important documents. This library includes consolidated financial summaries, presentation materials, and the annual report, offering comprehensive information about the company's operations and performance.
4. Stock & Rating Information:
Monex Group provides detailed stock and rating information to help investors make informed decisions. This information includes stock profiles, stock prices, credit ratings, and analyst coverage, enabling investors to stay updated on the company's stock performance and market analysis.
In conclusion, Monex Group is a legitimate online securities company based in Tokyo, Japan, regulated by the Financial Services Agency. They offer a wide range of market instruments, including domestic and international stocks, investment trusts, bonds, IPOs, and various trading services. Monex provides different trading platforms to cater to the needs of traders, and they offer flexible deposit and withdrawal options. While Monex Group has several advantages such as a diverse product lineup and regulated operations, some potential disadvantages may include transaction fees and spreads associated with certain products. Overall, Monex Group presents itself as a reputable option for individuals interested in online securities trading, backed by a strong regulatory framework and customer support channels.
Q: What is the Global Vision business strategy of Monex Group?
A: The Global Vision is a comprehensive initiative that brings together all companies within Monex Group worldwide, aiming to establish a truly global online financial institution that generates beneficial synergies for all stakeholders.
Q: How does Monex Group aspire to be a Global Technology-based Retail Financial Service Provider?
A: Monex Group, formed through the merger of Monex, Inc. and Nikko Beans, Inc., leverages its expertise and strengths in the capital markets to become a leading Global Technology-based Retail Financial Service Provider.
Q: How does Monex Group disclose information?
A: Monex, Inc., a subsidiary of Monex Group, provides monthly disclosures. While the Monex, Inc. website is available only in Japanese, information about Monex Group, Inc., the parent company listed on the Tokyo Stock Exchange, can be found in both Japanese and English on their website at https://www.monexgroup.jp/en/. This includes company information and news releases.
Q: What affiliations does Monex, Inc. have?
A: Monex, Inc. is a registered financial instruments firm under the Financial Instruments and Exchange Law of Japan (registered number 165). It is a member of several associations, including the Japan Securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association, and Japan Investment Advisers Association.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive vantage-fx and monex are, we first considered common fees for standard accounts. On vantage-fx, the average spread for the EUR/USD currency pair is from 0.0 pips, while on monex the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
vantage-fx is regulated by ASIC,FCA,CIMA,FSCA,VFSC. monex is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
vantage-fx provides trading platform including PRO ECN,RAW ECN,Standard STP and trading variety including 57 Currency pairs 26 Indices 51 ETFs 22 Commodities 800+ Share CFDs. monex provides trading platform including -- and trading variety including --.