Best Vantage Alternatives

filippo ucchino Filippo Ucchino calendar Last Updated: March 2022 timer 5 min read

Vantage is a leading online forex broker in Australia that offers different trading services. While other brokers are known for excellent spread, lowest fees, and multiple platforms, Vantage has distinguished itself as the best customer care forex broker. It provides swift transactions with international clients having access to its platform.

Vantage is a solid broker with experience in the industry. It is a regulated broker offering spread from 0.0 pips, over 180 tradable assets and provides a maximum leverage of 1:500, which is among the highest in the industry. However, the minimum deposit allowed is $200.

It is better to read through the Vantage review to see why we rank this broker as one of the top 10 brokers in the forex industry. Find below an overview of the top Vantage alternatives. With this table below, you will see exactly why we have settled for these 10 brokers.

Vantage Alternatives Alternative for: Minimum Deposit
XTB Total number of assets, Unlimited demo account $0
Axi Low Spread, Spread Betting $0
eToro Real Crypto&Stock trading, Social-Copy trading $200
Naga Markets Real Crypto&Stock trading, Social-Copy trading $0
Plus500 Total number of assets, Unlimited demo account $100
IC Markets Low spreads, Scalping, Unlimited demo account $0
Pepperstone Low spread, Scalping $0
FP Markets Low spread, Total number of assets $100
Admiral Markets Low spread, Total number of assets $100 ($1 Invest Account)
HotForex Low spreads, Unlimited demo account $5

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Table of contents

Vantage Minimum Deposit Alternatives

Vantage offers minimum deposits for different account types. For the standard STP account, traders must deposit a minimum of $200, whereas the raw ECN account comes with a minimum of $500. Nevertheless, the Pro ECN account comes with a minimum fee of $20,000 with a commission fee of $2.

There are other Vantage minimum deposit alternatives to consider if you place more focus on deposit. You can check the top 10 low no minimum deposit brokers to find the particular broker of your choice.

Broker Minimum Deposit Base Currencies
XTB $0 EUR, GBP, USD
Axi $0 AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Naga $0 EUR, GBP, PLN, USD, CHF
IC Markets $0 USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
Admiral Markets $100 ($1 Invest Account) EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON
HotForex $5 USD, EUR, GBP, ZAR, NGN, AED

Vantage Low Spread Alternatives

Along with other players in the forex industry, Vantage offer spreads for different assets. The standard account doesn’t come with any commission but larger spreads compared to the Raw ECN account. For instance, the spread for the Standard STP account is 1.4 pips for EUR/USD. However, the Raw ECN account attracts a spread starting from 0.1 pips. Here is an alternative to the Top 10 Lowest Spread Forex Brokers with minimum deposit allowed.

Broker Minimum Deposit Avg. Spreads EUR/USD
XTB $0 0.9 pips
Axi $0 0.2 pips
IC Markets $0 0.1 pips
Pepperstone $0 0.09 pips
FP Markets $100 0.1 pips
Admiral Markets $100 ($1 Invest Account) 0.5 pips
HotForex $5 0.1 pips

Vantage Copy Trading Alternatives

Besides the MetaTrader 4 and 5 platforms, Vantage also offers additional platforms for social copy-trading. Traders can use the auto trading platform to copy trade from professional traders. These platforms include MyFxbook, ZuluTrade, and DupliTrade.

Furthermore, there are other brokers that offer copy trading alternatives. Here is a list of the top 6 copy trading best platforms in the industry.

Broker Minimum Deposit Copy Trading Platform
eToro $200 WebTrader
Naga Markets $0 WebTrader
IC Markets $0 ZuluTrade
Pepperstone $0 DupliTrade, Myfxbook, ZuluTrade
FP Markets $100 Myfxbook
HotForex $5 WebTrader

Choosing Vantage Alternatives: main perks and characteristics

Undoubtedly, Vantage is a force to be reckoned with in the industry as it offers STP/ECN account to traders. These account types have made it easier for new traders to register with Vantage as it allows hedging, scalping, and the use of VPS.

Vantage provides VPS services for traders. Additionally, it offers an unlimited demo account for trading. Therefore, you can use the demo account as long as you want pending when you think you can elevate to a live account. The live account comes with a minimum deposit of $200 with over 120 tradable assets.

Another intriguing feature of Vantage is the low spread it offers traders. It provides options for traders to choose the particular account and spread to use. The three accounts come with different spreads as low as 0.1 pips. Furthermore, it offers copy trading features in partnership with DupliTrade, Myfxbook, and ZuluTrade. We only provide a summary of the characteristics of Vantage, you can take a look at our detailed Vantage review.

What is Vantage missing?

Vantage isn’t exempted from other brokers that have certain features missing. You can check our Top 10 best forex brokers to decide the best broker in the world for your forex trading. Here are a few things missing in our Vantage.

Vantage Alternatives Comparison

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Feature Minimum Deposit Proprietary Platform Fixed Spreads Execution Real Assets
Vantage $200 No No STP/ECN No
XTB $0 No No Market Maker No
Axi $0 No No ECN No
eToro $200 Yes No STP Yes
Naga Markets $0 Yes No Market Maker Yes
Plus500 $100 Yes No Market Maker No
IC Markets $0 No No ECN No
Pepperstone $0 No No ECN/STP No
FP Markets $100 No No ECN/STP/DMA Yes (only Australia)
Admiral Markets $100 ($1 Invest) No No STP Yes
Hot Forex $5 Yes No ECN/STP No

Vantage Alternatives FAQ

What are Vantage’s best alternatives?

XTB is the best alternative to Vantage. We consider this for certain reasons. XTB and Naga Markets are the best for minimum deposits, whereas IC Markets and HotForex are best for low spreads. As for copy trading, eToro takes the lead.

Is Vantage a good broker?

Vantage is a safe broker to trade with being regulated by some of the most respected regulatory bodies such as ASIC, FCA, CIMA. To protect your funds, they will be held in segregated bank accounts and you’ll benefit from negative balance protection.

Is XTB a good broker?

Yes, XTB is a good broker. It is regulated by FCA and CySEC in Europe and by IFSC in international markets. Your capital is protected by negative balance protection and held in segregated bank accounts. UK and EU traders have ICF, a special insurance fund.


74-89% of retail CFD accounts lose money

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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