Is Vantage Markets Legal in Germany? Is it Safe?
Reliability is the key criterion for choosing any broker. If you have doubts about the reliability of a company, it is not recommended to work with it. Traders from Germany often ask “Is Vantage Markets safe? Does the company operate legally in the territory of the country, can it be trusted?" Traders Union analysts have prepared a detailed analysis, where we will see whether Vantage Markets is legal in Germany and whether you can work with this broker.
Short summary about the broker Vantage Markets
Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.
| 💰 Account currency: | AUD, USD, GBP, EUR, SGD, and CAD |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:20 (for CFDs on stocks), up to 1:500 (for currency pairs) |
| 💱 Spread: | From $0 (Standard STP), from $3 (RAW), from $1.50 (PRO) |
| 🔧 Instruments: | Currency pairs (57), CFDs on stocks (226), indices (26), and commodities (22), energy, ETFs, bonds, share SFDs |
| 💹 Margin Call / Stop Out: | 100/50% |
Pros and cons of Vantage Markets
👍 Advantages of trading with Vantage Markets:
•A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).
•The broker has licenses from four reputable regulators.
•Classic trading terminals and a proprietary mobile application.
•An extensive array of trading signals to choose from for traders, regardless of the type of trading account.
👎 Disadvantages of Vantage Markets:
•Customers from most countries are forced to cooperate with a branch that has an offshore license.
•Limited training and a lack of information on Forex trading.
•Snail-paced withdrawal of funds with the requirement to comply with special conditions.
What information should a broker disclose?
Only the broker that discloses all legal information can be considered reliable. You need to take notice of this factor when choosing the company.
The official website of the broker should contain the following information:
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The name of the legal entity.
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Country of registration.
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Number of the registration certificate.
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Legal address, factual addresses of the offices of the broker.
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License to conduct financial activity.
The information must be published either in a special section on the website of the broker or in the disclaimer. Make sure to check it.
The official website of the broker must also provide internal regulatory documents. Before you start working with a company, review Terms of Use, Privacy Policy, Disclaimer, Risks Notice, and other documents.
Broker regulation
ASIC
The Australian Securities and Investments Commission (ASIC) is the official financial regulatory body of Australia. The commission regulates the operation of banks, investment companies, Forex brokers, and participants of exchange and over-the-counter trading.
ASIC is a reputable authority. The license of this regulator is recognized as reliable in the entire world. Brokers with licenses issued by ASIC also operate outside Australia, for example in the EU countries, the UK, Asia, etc.
FCA
The FCA (Financial Conduct Authority) is the financial regulator of the UK. It is a non-government body that operates in cooperation with the Bank of English and the HM Treasury. The mission of the FCA is to regulate the operation of financial and investment companies, including Forex brokers.
A broker with the FCA license is fully legal in the UK. The document issued by this regulator is highly regarded also outside the UK. Also, the companies with licenses issued in other jurisdictions can operate in the UK.
FSCA
The Financial Sector Conduct Authority is the financial regulatory body of the Republic of South Africa. The regulator supervises the operation of financial organizations operating in South Africa and also issues licenses for such companies. FSCA also licenses Forex brokers.
FSCA licenses are issued not only for brokers that focus their operation in the RSA and in Africa. Companies that offer services in other regions of the world also operate under the licenses of the organization. Brokers that hold the license of this regulator can be considered reliable.
VFSC
The Vanuatu Financial Services Commission (VFSC) is the financial regulator of Vanuatu. It is a government authority that licenses brokers and other financial organizations. It also regulates and supervises companies that obtain licenses for financial activity.
Many brokers obtain the VFSC license, as the requirements of the jurisdiction are minimal. For example, it is not required to have an office in the territory of the country, and the equity requirement is only $50,000. The VFSC has the signs of an offshore regulator, but that does not mean that you cannot with the brokers who hold its license. Before opening an account with such a broker, read the detailed review and user reviews about the broker.
Is Vantage Markets legal in Germany? Broker’s license
Security (Protection for Investors)
Broker Vantage Markets operates under four licenses from government regulators. These include:
👍 Advantages
- Client funds are held in segregated accounts
- Negative balance protection is active
- Licensed by reputable regulators
👎 Disadvantages
- For services for clients outside the UK and Australia, the broker has offshore licenses
- For the first withdrawal of funds to a bank card, you must provide a bank statement with information about the cardholder.
Brokers that are similar to Vantage Markets
In addition to license and reliability, you also need to take notice of the trading conditions of brokers. This is important both for beginners and experienced traders, as the demands of the clients with different experience differ. Traders Union analysts have prepared a comparison table of Vantage Markets with similar brokers.
Comparison of Vantage Markets with other Brokers
| Vantage Markets | RoboForex | Pocket Option | Exness | TeleTrade | Forex4you | |
|---|---|---|---|---|---|---|
Trading platform |
MT4, MT5, WebTrader, Mobile Apps |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, MobileTrading, MT5 |
Min deposit |
$50 |
$10 |
$5 |
$10 |
$1 |
No |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.8 points |
From 0.1 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
Yes |
Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
Forex4you is an all-in-one broker for active and passive trading, rates well for both novice traders and professional level traders.
Conclusions
Traders Union showed that Vantage Markets is indeed very reliable and legal in Germany. The company holds all necessary licenses to conduct financial activity; it complies with all key requirements of the regulator. Legality of the broker’s operation in the country is one of the key criteria for choosing the company for trading. It is important to take this into consideration, as well as the trading conditions. In this case, we can say that the broker meets all the reliability requirements.
FAQ
Can I work with a broker who does not hold the license?
Trading with a broker without the license involves high risks. The license guarantees that the company performs its obligations. Working with a broker without the license creates a risk of manipulations with quotes, failure to pay, and other schemes.
Where can I complain if a broker with a license violated its obligations?
If a broker allows a violation of the conditions, you can appeal to the authority that issued the license and to the court.
How do I choose the best broker in Germany for beginners?
Novice traders need to consider the brokers with licenses issued in Germany or other European Union countries, availability of a demo account or cent account, the level of commissions and fees and minimum deposit, as well as educational materials.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.