Vantage Information

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, indices, precious metals, soft commodities, energy, ETFs, share CFDs, and bonds, and offers multiple trading platforms, such as MetaTrader4/5. Besides, the broker also provides rich and solid educational resources.

Pros & Cons

Is Vantage Legit?

Yes, Vantage operates under a strong regulatory frame and it has five entities regulated in different jurisdictions.

Regulated in	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	ASIC	VANTAGE GLOBAL PRIME PTY LTD	Market Making (MM)	428901	Regulated
	FCA	Vantage Global Prime LLP	Straight Through Processing (STP)	590299	Regulated
	CIMA	Vantage International Group Limited	Straight Through Processing (STP)	1383491	Offshore Regulated
	FSCA	VANTAGE MARKETS (PTY) LTD	Financial Service Corporate	51268	General Registration
	VFSC	Vantage Global Limited	Retail Forex License	700271	Offshore Regulated

Market Instruments

Vantage provides access to 1,000+ CFDs on forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs, and bonds.

Account Type/Fees

Vantage has six different account options available tailored for various trading requirements: Pro ECN, Raw ECN, Standard, Cent, Premium, and Swap free.

Leverage

Vantage offers the maximum trading leverage of up to 500:1, a generous offering, ideal for professionals and scalpers. If you trade on the Premium account, you can even enjoy leverage up to 2000:1. 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 EUR/USD spread on the Standard STP account starts from 1.4 pips with no additional commissions.

The EUR/USD spread on 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.

Trading Platforms

When it comes to trading platform, Vantage provides multiple flexible trading platform choices, including Vantage App, MT5, MT4, TradingView, and ProTrader. It also supports copy trading and demo trading.

Deposits & Withdrawals

Vantage offers several flexible payment options, consisting of Visa, MasterCard, Apple Pay, Google Pay, PayPal, Neteller, Skrill, Fasapay, Perfect Money, JCB, bitwallet, Sticpay, India UPI, Bank Transfer, International ETF, Domestic Fast Transfer (Australia Only), Astropay, and Broker-to-Broker Transfer.

Find detailed info in the table below:

Education & Tools

The educational area is where vantage really shines. It offers a variety of analytical tools, including an economic calendar, market analysis, client sentiment, forex virtual private server, and trading signals, in addition to articles, courses, ebooks, terminology, live, and its distinctive The Vantage View, to aid its customers in becoming better traders.

Conclusion

To provide a summary, it would appear that Vantage is an excellent choice that works well for both seasoned pros and novices. Prominent features include an strong regulatory framework, high-quality eductaional content, and appealing promotional offers. However, there are traders who believe it has higher spreads on the Standard account when compared to other brokers. No matter which brokers you choose, remain vigilant because online trading is not without its risks.

Frequently Asked Questions (FAQs)

Is Vantage regulated?

Yes. It is regulated by ASIC, FCA, CIMA/VFSC (Offshore), and FSCA (General Registration).

At Vantage, are there any regional restrictions for traders?

Yes. It does not offer services to residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and jurisdictions on the FATF and EU/UN sanctions lists.

Does Vantage offer industry-standard MT4 & MT5?

Yes. It supports MT4 and MT5, as well as Vantage App and ProTrader.

Is Vantage a good broker for beginners?

Yes. Vantage is a good choice for beginners. It is regulated well and offers risk-free demo accounts up to $100,000 virtual credit.

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 contained in this article is for general information purposes only.

Note: For some unknown reason, we cannot open MultibankFXs official site (https://www.multibankfx.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

MultibankFX, a trading name of MEX Group Worldwide Limited, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with over 1,000+ tradable financial instruments with leverage capped at 1:500 and variable spreads from 0.0 pips on the leading MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of three different live account types.

As for regulation, it has been verified that MultibankFX has four different licenses, but they are all suspicious clone, that is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.42/10. Please be aware of the risk.

Field Survey

The investigators went to London, UK, to visit the foreign exchange dealer MultibankFX as planned. However, they did not find the dealers office at the publicly displayed address. The dealer may just borrow the address to register the company without a real business place. Investors are advised to choose the dealer carefully.

Market Instruments

MultibankFX advertises that it offers access to more than 1,000 trading instruments in financial markets, including forex pairs and CFDs on indices, commodities, precious metals and shares.

Account Types

MultibankFX claims to offer three types of trading accounts, namely Maximus, MultiBank Pro and ECN Pro. The minimum initial deposit amount is $50 for the Maximus account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $5,000 respectively.

Leverage

The leverage offered by MultibankFX is capped at 1:500, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

MultibankFX claims that different account types can enjoy quite different spreads. Specifically, the spread on the Maximus account starts from 1.4 pips, the MultiBank Pro account has spread from 0.8 pips, while only the ECN Pro account holders can enjoy raw spreads from 0.0 pips. These spreads are all below the industry average of 1.5 pips.

Trading Platform Available

Platforms available for trading at MultibankFX are said to be the industry-standard MetaTrader4 and MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

MultibankFX says to accept payments with credit cards like Visa and MasterCard, bank wire, Neteller and Skrill. The minimum initial deposit requirement is said to be only $50.

Bonuses & Fees

MultibankFX claims to offer all kinds of bonuses, covering the 100% bonus, the 20% bonus, Imperial bonus and Refer a Friend bonus. Just take the 20% bonus as an example: the minimum deposit required for it is $1,000. Clients who wish to withdraw $200 of their bonus must trade 80 lots for every $200 they wish to withdraw. Additionally, clients must complete the trading requirements within 90 days of receiving the bonus. Clients who fail to meet the deadline will only receive a percentage of the bonus.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Also, the broker also charges an inactivity fee. If a trading account stays inactive for 3 months, a monthly fee of $60 will be charged. However, other licensed brokers give a grace period of 6 months or even 1 year.

Customer Support

MultibankFX‘s customer support can be reached by telephone: +44 203 953 8381 (English), +62 02129264151 (Indonesian), +351 304 500 657 (Portuguese), +400 120 8619 (Chinese), +49 69 257377474 (German), +1 833 291 1788 (French), +7 499 609 46 73 (Russian), +34 931 220 671 (Spanish), +84 28 44581652 (Vietnamese), email: cs@multibankfx.com, cncs@multibankfx.com, cs.mys@multibankfx.com. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of 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 contained in this article is for general information purposes only.