Vantage Review Indonesia

Vantage is a reputable forex and CFD broker that is regulated by the Cayman Islands, Australian financial authorities, and the Vanuatu Financial Services Commission. The company stands out for its favorable non-trading fees, including a notable absence of inactivity fees. Opening an account with Vantage is an efficient and rewarding experience, with a seamless fully digital process that takes less than 5 minutes. Moreover, the broker offers a wide range of deposit and withdrawal options, with the majority being free of charge. However, it is worth noting that Vantage’s product portfolio is somewhat limited, primarily focusing on forex and a few CFDs. Additionally, while the broker’s customer service is satisfactory, there is room for improvement in terms of the relevance of email responses. It is also important to highlight that investor protection is only provided in the UK.

Account Opening

Score: 5/5

Vantage excels in the account opening process, offering a quick and fully digital experience. The broker lives up to its promise of opening an account in less than 5 minutes, a claim that we have successfully verified.

Pros

Web Trading Platform

Score: 4.5/5

Vantage web trading platform is powered by the renowned MetaTrader platform. It boasts high customizability, multilingual support, and a transparent fee report. However, the platform lacks a two-step login for enhanced security and its design may appear outdated to some users.

Pros

Cons

Mobile Trading Platform

Score: 3.8/5

Vantage offers a well-designed and user-friendly mobile trading platform that offers a range of useful functionalities. However, it lacks the convenience of face ID login, which could provide an added level of security and ease of use.

Pros

Cons

Desktop Trading Platform

Score: 3.4/5

Vantage desktop trading platform, built on the widely used MetaTrader 4, offers similar features to the web platform, including the ability to set price alerts.

Pros

Cons

Markets and Products

Score: 2.2/5

Vantage focuses primarily on forex and CFD trading, encompassing commodities, stock indices, shares, and cryptocurrencies. However, other popular asset classes such as real stocks and ETFs are not currently available on the platform.

Customer Service

Score: 3.5/5

Vantage offers several customer service channels, though there is room for improvement in terms of responsiveness and relevance. Live chat response times tend to be slower, while the quality of email responses may vary in terms of relevance. It is worth mentioning that Vantage customer service is not available 24/7, potentially hindering accessibility and support outside of regular business hours.

Pros

Cons

Conclusion

To summarize, Vantage is a regulated forex and CFD broker that offers attractive features such as favorable non-trading fees and a seamless account opening experience. The broker’s web trading platform, powered by MetaTrader, provides extensive customizability and a transparent fee report. However, some drawbacks include the lack of a two-step login feature and an outdated platform design. The mobile trading platform offers convenience and user-friendliness, but it could benefit from the inclusion of price alerts and Touch/Face ID login options. While Vantage desktop trading platform allows for price alerts, it, too, lacks a two-step login feature. The product portfolio is limited to forex and select CFDs, excluding popular asset classes such as real stocks and ETFs. Customer service could be improved, particularly in terms of response times and the relevance of email support. It is important to note that investor protection is only offered in the UK. In conclusion, Vantage is a viable option for traders seeking a beginner-friendly trading experience with low non-trading fees, seamless account opening, and a diverse range of deposit and withdrawal options.

Publication date: December 28, 2023

Frequently Asked Questions

Is Vantage regulated, and can I trust them with my investments?

Yes, Vantage is a regulated trading platform, adhering to strict standards. Regulated by reputable authorities, including ASIC, Vantage ensures a secure and transparent trading environment, instilling confidence in investors.

What trading tools and analysis does Vantage offer to enhance my trading strategy?

Vantage provides a suite of advanced trading tools and comprehensive market analysis. From technical indicators to real-time charts, our review delves into the resources available, empowering you to make informed decisions and optimize your trading approach.

How does Vantage cater to different trading preferences, and what are the key features of its account types?

Vantage understands the diversity in trading styles and offers a range of account types, each with unique features. Explore our review for insights into the Fixed, Standard, and Pro accounts, helping you choose the one that aligns with your experience level and trading goals.