Before you can start trading, you need to make a deposit and fund your account. Here's the complete guide to making deposit in Vantage.
Vantage is a popular multi-asset broker that was founded in 2009. The broker has local offices in several countries, including Australia, South Africa, and the United Kingdom, and currently under the regulation of ASIC of Australia, CIMA of Cayman Islands, VFSC of Vanuatu, and FCA of the UK. It offers clients access to a wide variety of tradable products and helps them begin trading in various markets.
In order to start trading, you'll need to deposit some funds into your account. Typically, there are several things to consider before making a deposit to a broker. This includes the minimum deposit, available currencies, and funding methods. We will talk all about that and more in this guide, so let's jump straight into it.
Contents
Vantage Minimum Deposit
The minimum deposit is the smallest amount that you'll need to transfer to your brokerage account in order to start trading. In other words, you won't be able to deposit less than the minimum amount determined by the broker.
In Vantage Markets, the minimum deposit varies depending on the account type that you use. Refer to the table below for details:
| Type of Account | Minimum Deposit |
| Standard STP | $50 |
| Raw ECN | $50 |
| Pro ECN | $10,000 |
Aside from the minimum deposit, there is also a maximum deposit of $10,000 or equivalent in your base currency units except for HKD and JPY.
Deposit Currencies
Each trading account has a base currency, which means that the broker will hold your deposited funds in that currency. At Vantage Markets, there are several options that can be used for a base currency:
- AUD – Australian Dollar
- USD – United States Dollar
- EUR – Euro
- GBP – British Pound Sterling
- NZD – New Zealand Dollar
- SGD – Singapore Dollar
- JPY – Japanese Yen
- CAD – Canadian Dollar
It is worth mentioning that if you deposit using a different currency than your base currency, then you might be charged with a conversion fee. This is why it's highly recommended to deposit with your preferred base currency. Alternatively, you can open multiple accounts in different base currencies to avoid conversion fees.
Available Funding Methods
Vantage is known to offer quite a wide variety of payment methods, ranging from traditional methods like wire transfers to instant deposits via e-wallets. The choices are excellent to ensure that all clients can easily deposit and withdraw their money.
Each funding method has a different processing time, fees, and currencies. Most deposits at Vantage are free of charge, but there are some methods that charge some extra fees. Here's a comprehensive list of the deposit methods available at Vantage Markets.
| 💳Funding Method | ⏳Processing Time | 💸Fee | 💲Available Currency |
| Domestic EFT | 1-2 business days | $0 | AUD |
| Domestic Fast Transfer (Australia only) | Up to a few hours during AEST business hours | $0 | AUD |
| International EFT | 2-5 business days | $0 | AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD |
| Credit/Debit Card (Visa and Mastercard) | Instant | $0 | AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD |
| JCB | Instant | $0 | JPY |
| China Union Pay | Instant | 1.30%-2.50% | USD |
| Neteller | Instant | Subject to fees | AUD, USD, GBP, EUR, SGD |
| Skrill (Moneybookers) | Within 24 business hours | Subject to fees | USD, EUR, GBP, CAD |
| AstroPay | Instant | $0 | USD, most local currencies |
| Broker-to-Broker Transfer | 2-5 business days | Subject to fees | AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD |
| FasaPay | Instant | $0 | USD |
| Thailand Instant Bank Wire Transfer | Instant | $0 | USD |
Please note that funding methods available for you may vary depending on your type of account and country of residence. You can check the available options from your Client Portal. Also, Vantage Markets doesn't accept third-party payments, so make sure that all funds deposited must be under the same name as your account. Payments via joint bank accounts and credit cards are only accepted if the account holder is one of the beneficiaries.
How to Make Deposits in Vantage
Making deposits in Vantage Markets is very easy and relatively quick. The steps are as follows:
1. Head over to Vantage Markets and log in to your account. If you're a new user, open a live trading account first. Then, open your Client Portal and click "Deposit Funds".
2. Choose your preferred funding method.
3. Enter the amount that you want to deposit, then click "Submit".
4. You'll get a reference number or an address to make the deposit. Copy the code and paste it on your wallet account. This will allow them to identify the deposit.
5. Congratulations! You have made a deposit. Your funds will be transferred to your account as soon as possible.
The funds will be reflected in your account depending on the payment method you choose. Some methods offer instant deposits, while the rest may take a few business days to process. Note that Vantage won't be responsible for any losses incurred during your deposit process, so please consider your choices wisely. Also, Vantage may require confirmation of funding account ownership at any time before funds can be credited into your trading account.
Deposit Bonus
Aside from the straightforward process, Vantage also offers deposit bonuses for all clients. Such bonuses are available to both new and existing clients based on the conditions below:
- Get 50% of your first deposit of up to $500 credit or equivalent in your base currency.
- Get 10% of your subsequent deposits, which refer to any deposit you make after your first one or the part that exceeds $1,000 from your first deposit.
The deposit bonus will come in the form of credits. You can use any payment method to get the bonus, but internal transfers, balance or cash adjustments, and introducer or affiliate rebates are not counted. The credit is capped at a maximum of $20,000 USD or equivalent for each eligible client.
The credit amounts cannot be withdrawn and you can't transfer the credit between multiple accounts. You can, however, withdraw the profits generated from the utilization of the credits in your trades. In order to get the credit, you simply need to get it via your Client Portal, make a deposit, and immediately get the bonus delivered to your account.
Conclusion
If you're looking for a broker with easy deposits, try Vantage. There are loads of funding methods that you can choose from, including wire transfers, e-wallets, and credit cards. Apart from that, the minimum deposit is considered quite low compared to other brokers and the fees are mostly zero. If you need further assistance or experience issues when making a deposit, you can simply contact customer service via live chat, email, or phone.
Vantage is a multi-asset broker with over 10 years of experience. Headquartered in Sydney, the award-winning broker operates in 172 countries with more than 1,000 employees in over 30 global offices. Some of their winning points include transparency and stong regulation, lightning fast trading execution, and raw ECN spread from 0.0.
24 Comments
Dec 30 2022
Are all clients eligible to get deposit bonus?
Feb 2 2023
Sonora:
The availability and eligibility for deposit bonuses on Vantage Markets is determined by the specific terms and conditions set by the broker. Not all clients may be eligible for a deposit bonus, and the eligibility criteria may vary depending on factors such as geographical location, account type, and the amount of deposit.
Also, take note that you can't withdraw the bonuses, so you can't cash in on that. Even though you can't withdraw it, you can think of it as a bonus margin that you can use it to tolerate some beginner mistakes.
It's also recommended to carefully compare deposit bonuses offered by other brokers to determine which offers the best value and terms for your specific trading goals and needs.
Dec 31 2022
What are the downsides of trading with Vantage?
Jan 7 2023
Jan 26 2023
Khanh:
The downsides of trading with Vantage, in my version:
Jan 12 2023
Can I make deposit with PayPal?
Jan 26 2023
Gaspar : No, you cannot deposit with PayPal. However, you can deposit via Netteller and Fasapay. If you don't have Neteller or Fasapay, you can make a deposit through another platform such as a credit/debit card, bank transfer, or broker-to-broker deposit. I hope you find this information useful.
Jan 16 2023
If I deposit $1,200, how much bonus will I get?
Jan 26 2023
Carrolyn: According to the article, the term of the applicable deposit bonus is as follows:
.
If you deposit $1200 it means you get $500 because based on Q1 you can get 50% of your deposit but the max credit you can get is $500 . And you can only activate the second term if you deposit more than $1,200.
As a result, you will receive a total bonus of only $500. Hope this information can help you!
Jan 24 2023
I think the deposit bonus at Vantage really gives you more trading possibilities. So, if you are thinking of getting a deposit bonus and then you withdraw it, you can't do it. I mean man, nothing is free in the world. As the article said, you can always withdraw the profit you trade from the bonus. And remember, the more you trade, the more profit the broker makes. I think you can get bonus if you are willing to trade with mature and prepared strategy, but if you are new to Forex, it's better to start a Vantage demo account than waste your bonus trading money.
Jan 26 2023
Eddie: Nope, I disagree if you said deposit Bonus at Vantage can give more opportunity to trading more because if based on percentage. As the term that article states above :
It means if you deposit for the first time, you will get 50% of your deposit. So, if you deposit for $100, you will get $150, and if you want to get the second bonus, you need to deposit $101 in order to get 10% of your $101. So, the total bonus you can get only $60.
But in the other hand, if you deposit $500-$1000, you will get really huge bonus deposit. And it is better to deposit maximum $1,000 because maximum bonus of 50% you can get is $500. About the second bonus, I think it will hard get since it needs more than $1,000 but it is still worth it.
Jan 26 2023
Why some deposit methods are not free?
Jan 26 2023
Di Lucca: Because some financial service providers, such as banks, charge a fee to send or receive money from you. This is the policy of banks or other monetary institutions. And usually, they charge the money transfer from or to outside countries. In my opinion, if you look at the details above, some of the fees are free because Vantage pays your transfer fee but for some ions, there is always a fee because the fees are very expensive. It is best to use your local bank transfer if available. But if you have FasaPay, I recommend you use it as it is a free fee, and it is also an instant deposit.
Feb 8 2023
Hey there! I stumbled upon some interesting information about Vantage, and it got me thinking. So, Vantage is a pretty popular broker that has been around since 2009, and they've got offices in different countries like Australia, South Africa, and the UK. But what caught my attention is that they are regulated by multiple authorities, including ASIC, CIMA, VFSC, and FCA. That's quite a lineup, don't you think?
Now, I'm particularly curious about the role of CIMA (Cayman Islands Monetary Authority) in all of this. I mean, with Vantage being regulated by CIMA, what does it mean for traders? How does it contribute to creating a safe and reliable trading environment? And, of course, what responsibilities does it place on Vantage as a broker?
It's fascinating to see how these different regulatory bodies come together to ensure that Vantage operates ethically and securely. I'm keen to learn more about the significance of the CIMA regulation and how it adds value to Vantage's overall operations.
Feb 9 2023
@Sisca: Certainly! With Vantage being regulated by the Cayman Islands Monetary Authority (CIMA), it brings important benefits and responsibilities for both traders and the broker.
First of all, CIMA is the regulatory authority responsible for overseeing and supervising the financial services industry in the Cayman Islands. The Cayman Islands is a well-known and reputable international financial center.
For traders, CIMA regulation means that Vantage operates within a safe and reliable trading environment. CIMA sets and enforces strict rules and standards to protect traders from fraud, financial misconduct, and to ensure compliance with AML and KYC requirements. This regulatory oversight provides traders with an added level of confidence and trust in Vantage's operations.
As a regulated broker, Vantage has responsibilities to fulfill. They must adhere to CIMA's regulations, which include maintaining proper financial resources, implementing risk management systems, and conducting regular audits. These requirements ensure that Vantage operates transparently and remains accountable to its clients.
Mar 24 2023
Regarding the deposit at Vantage, I wanted to inquire about international ETFs. If I'm not mistaken, an ETF is an Electronic Funds Transfer, which is a type of electronic payment that allows funds to be transferred from one bank account to another through a computer-based system. It can include various methods of electronic payments, such as online banking, wire transfers, direct deposits, and automated clearinghouse transactions. So, wire transfer is included in this category, and the accepted currencies are mostly major pairs except for SGD. I'm curious, what happens if I deposit at Vantage using Rupiah? Is it possible to convert it directly to USD, or does Vantage not accept Rupiah at all?
May 29 2023
@Angga: Actually, there seems to be a bit of confusion regarding the term "ETF." In the financial world, ETF stands for Exchange-Traded Fund, which is a type of investment fund that is traded on stock exchanges, similar to individual stocks. ETFs are designed to track the performance of a specific index, commodity, sector, or asset class. They provide investors with exposure to a diversified portfolio of assets and are typically traded throughout the day on exchanges.
Now, regarding your question about depositing in Rupiah (IDR) at Vantage, it's important to note that Vantage is a foreign exchange broker that primarily deals with currency trading. While they may accept deposits in various currencies, the availability of specific currency options can vary depending on the broker's policies and the currencies they support.
To determine whether Vantage accepts Rupiah deposits and if there are any restrictions or requirements, it would be best to visit their official website or contact their customer support directly. They will be able to provide you with accurate and up-to-date information on their accepted currencies and any conversion processes that may be involved.
Apr 26 2023
The article stated about the Vantage that is really known to offer quite a wide variety of payment methods, ranging from traditional methods like wire transfers to instant deposits via e-wallets. The choices are excellent to ensure that all clients can easily deposit and withdraw their money.
What makes me curious is about the method that involved EFT terms. I mean almost the bank transfer in the Vantage is also inclue EFT terms. The question here is simple, what is EFT in the bank transfer? Can you explain to me? Thank you!
Apr 26 2023
@bush: Dude, EFT stands for "Electronic Funds Transfer". It's a type of transfer where money is sent electronically from one bank account to another. This is different from traditional methods of transferring money, like cash or check, which are physical and require manual processing.
In the case of Vantage and other financial institutions, EFTs can be used to facilitate both deposits and withdrawals. Essentially, when you initiate an EFT, you're authorizing your bank to transfer a certain amount of money from your account to the recipient's account.
One advantage of EFTs is that they're usually faster than traditional transfers. Depending on the banks involved, an EFT can often be completed within a matter of hours or even minutes. This is particularly true for "instant" EFTs, which use specialized payment platforms to speed up the transfer process.
Another advantage of EFTs is that they're generally more secure than other forms of payment. Because the transfer is electronic, there's less risk of theft or fraud than with physical methods like cash or checks.
May 29 2023
Nov 20 2023
I'd like to clarify something—why does Vantage offer a deposit bonus that we can't withdraw? I'm interested in receiving a bonus that boosts my wallet funds, and it seems some brokers make it challenging to withdraw the bonus directly. It appears they encourage us to engage in trading, generate profits, and then allow us to withdraw those profits, as outlined in the article. I'm curious about the rationale behind offering a deposit bonus that isn't immediately withdrawable or usable. Additionally, are there any valuable tips to maximize the potential benefits of the deposit bonus they provided?
Nov 24 2023
Let me break it down for you! Brokers, like Vantage, throw in deposit bonuses to reel in traders and get more action in the market. They don't let you cash out the bonus right away—that's a standard move in the industry. The idea is to push traders to use the bonus cash for actual trading, hoping they'll rack up profits in the process.
Why do they do this? Well, one big reason is to encourage more trading activity. By holding back on direct bonus withdrawals, brokers want traders to dive into the markets. More trades mean more action, and that's good news for brokers' profits. Just remember, every time you trade, brokers make money from spreads and commissions.
Now, to make the most of these deposit bonuses, here are some tips. First up, get cozy with the terms and conditions. Know what you're getting into, especially any rules about trading volume or profit withdrawal. After that, follow these steps:
Strategic Trading: Map out your trades smartly to get the most out of that bonus. Try out different strategies and instruments—it's bonus cash, after all.
Risk Management: Be smart about managing risks while trading with the bonus. Protect your capital and aim for those sweet profits.
Compliance with Requirements: Stick to any rules the broker lays out for the bonus. Whether it's hitting a trade count or specific profit targets, play by their rules.
Mar 21 2024
So, I was reading this article, right? And it was like, if you wanna get into trading, you gotta throw some money into your account. But before you go dropping those dollars, there's a bunch of stuff you gotta think about. Like, is it safe? What are the risks? 'Cause honestly, I'm just starting out and I don't know much about this whole trading game. It's like I'm dipping my toes into a whole new world, you know? So, if you could shed some light on all this, that would be awesome!
Mar 24 2024
Starting out in trading can feel like stepping into a whole new world, right? But don't worry, I got your back. Here are some real-talk tips to help you navigate this wild ride:
Learn the Basics: Before jumping in, get a grip on the basics of trading – different assets, strategies, and how markets work.
Know Your Risk: Figure out how much risk you're comfortable with. Some trades are like a rollercoaster; others are more chill.
Start Small: Don't throw in your life savings right away. Start with a small amount you can afford to lose while you learn the ropes.
Check Your Platform: Make sure the platform you're using is legit and has good reviews. You don't want to end up in some sketchy situation.
Watch Out for Fees: Keep an eye on those sneaky fees that can eat into your profits. They add up fast!
Spread the Love: Diversify your investments to spread out the risk. Don't put everything on red!
Stay Cool: Trading can be intense, especially when things get wild. Keep your emotions in check and stick to your plan.
Keep Learning: The trading world never stops evolving, so keep learning and stay on top of the game.
Practice First: Consider starting with a demo account to get the hang of things before risking real money.
Get Advice: Don't hesitate to seek advice from experienced traders or financial pros. They can offer some valuable insights.
Remember, trading isn't a guaranteed ticket to riches, but with some smarts and caution, you can navigate it like a pro. Additional Information, you can read this article too : Forex Trading: 10 Things Beginners Must Know