Vantage Minimum Deposit: Key Information & Guide (2022)

filippo ucchino Filippo Ucchino calendar Last Updated: October 2022 timer 7 Min Read

The Vantage minimum deposit is $200. However the amount may change depending on the account you want to open. A Raw ECN account requires a deposit of $500 while if you opt for a Pro ECN account then the amount rises to $20,000.

In this guide you’ll find detailed info about deposit methods, account base currencies and all you need for your Vantage minimum deposit.

Table of Content

Round-up

FEATURES VANTAGE MINIMUM DEPOSIT
Vantage standard account $200
Vantage raw ECN account $500
Vantage pro ECN account $20.000
Deposit fees No
Withdrawal Fees No
Base currencies EUR, USD, GBP, AUD, SGD, JPY, NZD, CAD, HKD

Visit Vantage
74-89% of retail CFD accounts lose money

You can learn more about the different Vantage account types before you open a real account with them.

Vantage accepted deposit currencies

Vantage gives the option to deposit with several different currencies. These funding currencies can also all be used as your Vantage base currency:

  • AUD
  • USD
  • EUR
  • GBP
  • NZD
  • SGD
  • JPY
  • HKD
  • CAD

It’s necessary to keep in mind what currency is used to denominate your trading account balance. For example, if you open a USD trading account by default, but you are funding with AUD, you may be subject to conversion fees on your deposits and withdrawals. It would be better to set your Vantage account balance to be in AUD to avoid this.

Vantage funding methods

Vantage offers an assortment of reputable and convenient account funding methods, and you probably already use one of the supported methods. The wide range of methods is excellent for ensuring that everyone can deposit and withdraw their money.

Here is a closer look at all of the available funding methods and what you can expect from each when it comes to any fees and processing times:

Vantage primary payment methods

You can deposit via:

  • bank wire transfer
  • popular credit and debit cards: Visa, MasterCard, JCB and China Union Pay
  • e-wallets in the form of Skrill and Neteller (not available in Australia)

Alternative payment methods

The alternative payment methods Vantage provides are very convenient for traders in certain regions:

  • In Australia, traders can also make a deposit to their Vantage account via Bpay and POLi
  • FasaPay is also generally available in most countries
  • Traders from Thailand can take advantage of local internet bank transfer methods too
  • Another deposit method available to you depending on location, is China Union Pay
  • Google Pay and Apple Pay

List of the deposit methods available on Vantage FX

Vantage deposit fees

Generally speaking, it is free to deposit with Vantage; however, there are a few exceptions to that statement.

  • Some deposit methods with the broker may incur fees up to 2.5% on the amount you deposit.
  • Besides this, some providers also charge fees for making deposits which are not influenced by Vantage. This is particularly the case when making wire transfers and is something you should check with your bank
  • Another point to keep in mind is that if your deposit is made using a currency which isn’t the same as the base currency you select for your trading account, you may incur conversion fees. With that said, Vantage offers several base currencies for you to choose from including USD, EUR, AUD, SGD, CAD, GBP, NZD, HKD, and JPY.

Vantage withdrawals

You will be pleased to know that you can withdraw your funds at any time, providing you have enough equity in your trading account when you submit your withdrawal request to Vantage. It is always best to close any open positions before you make a withdrawal from your account.

Vantage withdrawals are quickly processed by the company within one business day, and it should take you no longer than three to five business days to receive a withdrawal depending on the method you use. Withdrawals made to e-wallets are normally processed and received immediately once you have requested the withdrawal.

Keep in mind that due to anti-money laundering regulations, you cannot withdraw money from your account to someone else’s bank account. If you deposit via a bank transfer, you can only withdraw money back to your bank. Financial institutions take AML very seriously these days. Therefore, it’s recommended to check the Vantage withdrawal terms before making your withdrawal.

How to deposit funds to your vantage account

If you’re ready to start trading and want to know how to add funds to your Vantage trading account, just follow this helpful checklist to avoid common mistakes.

1. Try a demo account

If you’re new to forex trading or you are new to some of the trading tools provided, open a free Vantage demo account. The Vantage demo account is unlimited, so you can use it for as long as you need to.

If you have any doubt about the opening process of the demo account with the broker, we have also put together a detailed Vantage demo account tutorial.

2. Apply for a live account

If you’re an experienced forex trader go right ahead and apply for a live account. You will need to provide your personal information, proof of identity, proof of address and in some cases a Tax Identification Number.

Before you can add funds to your trading account, you’ll need to wait for it to be verified by Vantage. This process is usually very fast and hassle-free.

3. Deposit funds

Once your trading account is verified, you can deposit with Vantage using the available payment methods and bearing in mind the broker’s minimum deposit requirement according to the account you’re applying for. For example, if you’re opening a Vantage ECN Account and funding via wire transfer, make sure to send the necessary amount to avoid any delay.

4. Start trading

Once the payment has been processed, you have successfully funded your Vantage account and you can start trading. Payment processing times always depend on the method used.

Digital payment solutions like e-wallets and credit/debit cards are processed very quickly (usually instant); however, wire transfers can take a little longer up to a few business days depending on your bank.

Vantage minimum deposit vs other brokers

Vantage is a great ECN broker with a low minimum deposit, but other brokers can potentially fit your needs also as a trader. If you’re interested in every ECN alternative, we have created an ECN Forex Brokers top 10 for you to take a look at.

Before you make a final decision on whether Vantage deposit & withdrawal conditions are right for you, check this comparison table below to compare alternative brokers and their funding methods:

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

FEATURES VANTAGE PEPPERSTONE FXPRO
Minimum deposit $200 $0 ($200 recommended) $200
Wire transfer Yes Yes Yes
Credit card Yes Yes Yes
PayPal No Yes Yes
Number of deposit methods 14 9 7
Base Currencies EUR, USD, GBP, AUD, SGD, JPY, NZD, CAD, HKD USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF HKD USD, EUR, GBP, AUD, JPY, CHF, PLN

Vantage deposit bonus

Forex bonuses are not all that common currently. Luckily, Vantage is one of the few remaining forex brokers with bonus and promotions available to clients. Unless you’re a UK or EU trader, then you sadly can’t take advantage of this promotion.

To learn more about bonuses and brokers who offer the best ones, you can read our forex brokers with bonus and promotions article.

For everyone else, you can enjoy a 50% Deposit Bonus. If you deposit at least $200, then you get a bonus of $100 to trade with. The maximum amount of bonus credit provided by Vantage is $250. Therefore, if your deposit is greater than $500, the amount of bonus credited to your trading account will still be limited to $250.

One great feature of the Vantage deposit bonus is that you can convert the bonus credits into a cash balance. This means you can withdraw once the necessary conditions have been met. It is important that you check the terms & conditions to ensure you understand the rules of this bonus prior to using it.

Vantage minimum deposit pros and cons

To wrap up this review of Vantage deposit and withdrawal methods, here are a few pros and cons that we have noted.

Pros

  • Wide range of deposit methods
  • Several different currencies are accepted for funding trading accounts.
  • Wide range of trading account base currencies
  • Reasonable $200 minimum deposit amount.
  • Vantage is one of the few regulated and reputable forex brokers offering deposit bonuses.

Cons

  • Some deposit methods take multiple days to be processed and reach your trading account.
  • The company applies fees to some deposit methods.

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.

Leave a Reply

Your email address will not be published.

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap