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.

Vantage deposit guide

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.

 

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".

Step 1

 

2. Choose your preferred funding method.

Step 2

 

3. Enter the amount that you want to deposit, then click "Submit".

Step 3

 

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.

Step 4

 

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.

Step 5

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.