Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / Vantage
TIER 2 · FSC-MU · FSCA · VFSCRBI ALERT LIST#7 of 66 international brokers

Vantage review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists Vantage Markets as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).
Verdict score
8.4 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation7.5
Best licence: Tier 2
Trading cost9.5
$6.00 per lot
Accessibility8.0
Min deposit $50
Platforms & payments6.8
4 platforms · 0 payment methods
Outside ratings8.8
Trustpilot 4.4 from 15,615
Vantage vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720
Vantage$1,440
IG$1,440
Cheapest vs most expensive here, per year$720
Regulation

Who licenses Vantage.

Licences as Vantage lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
FSC-MUOFFSHOREVIG Group (operating as Vantage Markets)GB20026165Not yet checked
FSCATIER 2Vantage Markets (Pty) Ltd51268Not yet checked
VFSCOFFSHOREVantage Global Limited—Not yet checked
Accounts

Published EUR/USD costs.

AccountSpreadCommissionCost / lot
Standard STP
from
1 pip$0$10.00
Raw ECN
from
0 pip$6$6.00
Pro ECN
from
0 pip——

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
www.vantagemarkets.com
Founded
Not published
Headquarters
Not published
Minimum deposit
$50
Max leverage
Not published
EU/UK leverage cap
—
Platforms
MT4, MT5, TradingView, own app
Deposits & withdrawals
Not published
Islamic (swap-free) account
Yes
Copy trading
Yes
Withdrawal fees
Homepage advertises '$0 Deposit Fees' (footnote: other fees may apply); withdrawal fees not stated.
Inactivity fee
Not published
Restricted countries
Not available to residents of India, Canada, China, Hong Kong, Singapore, the United States, FATF-listed and internationally sanctioned jurisdictions (non-exhaustive).
RBI Alert List (India)
LISTED as "Vantage Markets" · list of 19 Nov 2025 · checked 24 Oct 2026
Verified reviews

Traded with Vantage? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 4.4 from 15,615 reviews.

Compare Vantage
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Sources · data as of 2026-10-24

Research notes: IMPORTANT for India-focused site: vantagemarkets.com says residents of INDIA are restricted. Spreads are generic FX 'from' figures (Standard STP from 1.0 per FAQ - card shows 1.1; Raw/Pro from 0.0), not EUR/USD-specific. Raw ECN $3 per side = $6 RT per FAQ. Pro ECN min deposit $10,000, commission 'from $1.50' (side basis unclear) - left null. Max leverage not stated on pages opened. Islamic = swap-free account for religious reasons. VFSC entity named in sign-up disclosure without licence number. UK FCA entity Vantage Global Prime LLP runs a separate website, not recorded. Founding year not stated ('over 15 years'). Deposits page returned client error.

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