Score
Australia
|
5-10 years
| http://www.vantageprime.com/
Website
Rating Index
Influence
C
Influence index NO.1
Cyprus 2.92
LicensesLicensed Entity：VANTAGE GLOBAL PRIME PTY LTD
License No. 428901
Australia
vantageprime.com United States| Vantage Prime Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Australia |
| Regulation | ASIC (suspicious clone) |
| Market Instruments | Forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs, bonds |
| Demo Account | ✅ |
| Trading Platform | Vantage app, Pro trader, MT4, MT5 |
| Copy Trading | ✅ |
| Minimum Deposit | $50 |
| Customer Support | Live chat, contact form |
| Tel: 1300 945 517 | |
| Email: support@vantageprime.com, support@vantagemarkets.com | |
| Address: Level 29, 31 Market St, Sydney, New South Wales, 2000, Australia | |
| Facebook, X, Instagram, LinkedIn, YouTube, TikTok, Spotify | |
| Regional Restrictions | Canada, China, Romania, Singapore, the United States |
Vantage Prime is a service provider of premier brokerage and financial services, which was founded in Australia in 2015. Its current status is suspicious clone. The broker offers products and services for forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs and bonds. Besides, residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists are not allowed.
| Pros | Cons |
| Demo accounts | Regional restrictions |
| Copy trading offered | Commission fees charged |
| Various contact channels | Suspicious clone ASIC license |
| Various trading products | |
| MT4 and MT5 platforms | |
| Low minimum deposit requirement | |
| Various account choices | |
| Popular payment options |
Vantage Prime is licensed by ASIC to offer services but the current status is suspicous clone. Its license number is 000428901. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Australian Securities and Investments Commission (ASIC) | Suspicious Clone | VANTAGE GLOBAL PRIME PTY LTD | Market Maker (MM) | 000428901 |
| Market Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Soft Commodities | ✔ |
| Energy | ✔ |
| ETFs | ✔ |
| Share CFDs | ✔ |
| Bonds | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| Account Type | Minimum Deposit |
| Pro ECN | $10,000 |
| Raw ECN | $50 |
| Standard | $50 |
| Cent | $50 |
| Premium | $500 |
Vantage Prime offers flexible commission options, varying by trading instruments type.
Commission by Lots
| Trading Account Currency | Commission per LOT (100,000 base currency) |
| AUD-Australian Dollar | AUD $3 (round turn $6) |
| USD-US Dollar | USD $3 (round turn $6) |
| GBP-Pound Sterling | GBP £2 (round turn £4) |
| EUR-Euro | EUR €2.5 (round turn €5) |
| SGD-Singapore Dollar | SGD $3.50 (round turn $7) |
| JPY-Japanese Yen | JPY ¥275 (round turn ¥ 550) |
| NZD-New Zealand Dollar | NZD $3.25 (round turn $6.50) |
| CAD-Canadian Dollar | CAD $3 (round turn $6) |
| PLN-Polish Zloty | PLN zł15 (round turn PLN zł30) |
| HKD-Hong Kong Dollar | HKD $25 (round turn HKD $50) |
| INR-Indian Rupee | INR ₹250 (round turn ₹500) |
Commission by Products
| Product | Commission (Round turn) |
| Forex | 6.0 USD per lot |
| ETFs | 12.0 USD per trade |
| Precious Metals | 6.0 USD per lot |
| AU Share CFDs | 0.08 percentage per lot, min $5 per trade |
| EU Share CFDs | 0.1 percentage per lot |
| HK Share CFDs | 0.25 percentage per lot, min $6 per trade |
| UK Share CFDs | 0.1 percentage per lot |
Commission by Lots
| Trading Account Currency | Commission per LOT (100,000 base currency) |
| AUD-Australian Dollar | AUD $2 (round turn $4) |
| USD-US Dollar | USD $1.5 (round turn $3) |
| GBP-Pound Sterling | GBP £1 (round turn £2) |
| EUR-Euro | EUR €1.5 (round turn €3) |
| SGD-Singapore Dollar | SGD $1.5 (round turn $3) |
| JPY-Japanese Yen | JPY ¥175 (round turn ¥350) |
| NZD-New Zealand Dollar | NZD $2 (round turn $4) |
| CAD-Canadian Dollar | CAD $2 (round turn $4) |
| PLN-Polish Zloty | PLN zł7.5 (round turn PLN zł15) |
| HKD-Hong Kong Dollar | HKD $15 (round turn HKD $30) |
Commission by Products
| Product | Commission (Round turn) |
| Forex | 3.0 USD per lot |
| ETFs | 12.0 USD per trade |
| Precious Metals | 3.0 USD per lot |
| AU Share CFDs | 0.08 percentage per lot, min $5 per trade |
| EU Share CFDs | 0.1 percentage per lot |
| HK Share CFDs | 0.25 percentage per lot, min $6 per trade |
| UK Share CFDs | 0.1 percentage per lot |
| Trading Platform | Supported | Available Devices | Suitable for |
| Vantage app | ✔ | Mobile | / |
| Pro trader | ✔ | PC, laptop, tablet | / |
| Copy trading | ✔ | PC, laptop, tablet | / |
| MT4 | ✔ | PC, laptop, tablet | Beginners |
| MT5 | ✔ | PC, laptop, tablet | Experienced traders |
The maximum deposit amount is $10,000 (except HKD and JPY), while the minimum deposit is $50.
| Deposit/Withdrawal Options | Fees | Processing Time |
| Credit/Debit Card (Visa And Mastercard) | $0 | Instant |
| Apple Pay/Google Pay | ||
| Paypal | Within 24 business hours | |
| Neteller | Subject to Neteller's fees | Instant |
| Skrill (Moneybookers) | Subject to Skrill's fees | Within 24 business hours |
| Fasapay | $0 | Instant |
| Perfect Money | Within 24 business hours | |
| JCB | Instant | |
| Bitwallet | Within 24 business hours | |
| Sticpay | ||
| India UPI | ||
| Vietnam Bank Transfer | ||
| Thailand Bank Transfer | ||
| Malaysia Bank Transfer | ||
| Nigeria Bank Transfer | ||
| Philippines Bank Transfer | ||
| Brazil Bank Transfer | ||
| SouthAfrica Bank Transfer | ||
| Uganda Bank Transfer | ||
| Kenya Bank Transfer | ||
| Ghana Bank Transfer | ||
| Japan Bank Transfer | ||
| Mexico Bank Transfer | ||
| International EFT | ||
| Domestic Fast Transfer (Australia Only) | ||
| Astropay | ||
| Broker-to-Broker Transfer |
ASIC-regulated foreign exchange brokerage ‘Vantage FX’ has become ‘Vantage’ to reflect the culmination of its extensive business transformation. The rebranding shows that the Australia-headquartered company has evolved into an all-encompassing, global financial services provider.
Vantage Prime’s ASIC license is listed, but the Unverified status makes me hesitant to consider it a fully legitimate broker. Even though ASIC is a well-known regulator, the unverified status means that there is uncertainty about whether the broker is operating under full regulatory oversight. As a trader, this would make me extra cautious, and I’d recommend thorough due diligence.
Vantage Prime offers several account types, including Standard, Pro ECN, RAW ECN, and Premium accounts. I personally like that they have accounts suitable for beginners (like the Standard account) and more professional traders (like the RAW ECN and Pro ECN accounts).
Yes, Vantage Prime charges commissions, especially for the RAW ECN account. The commission is USD $3 per lot for forex. For Precious Metals, the commission is lower at USD $3 per lot. In my experience, ECN accounts usually have commissions but offer tighter spreads, which is beneficial for scalpers.
Vantage Prime offers up to 2000x leverage, which is quite high. While this can be beneficial for maximizing potential profits, I always advise using leverage cautiously, as it also increases the risk of substantial losses.
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