VANTAGE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-26 18:23

Abstract：VANTAGE was founded by Vantage Securities Brokerage in 1991 in Egypt. It offers trading in various stock portfolios and securities. Traders can trade through Web, Mist WS and mobile apps. Though it doesn't have the minimum deposit requirement, it is unregulated.

VANTAGEReview Summary
Founded	1991
Registered Country/Region	Egypt
Regulation	Not regulated
Market Instruments	Stocks in various industries and securities
Demo Account	/
Trading Platform	Web, Mist WS and mobile app
Min Deposit	0
Customer Support	Tel: +20 22560 4072, +20 22560 4073
	Whatsapp: 01025000896
	Address: St. No. 28; Building No. 170; fourth floor, flat No. 9; Fifth District Building, Fifth Settlement, New Cairo

　　VANTAGE was founded by Vantage Securities Brokerage in 1991 in Egypt. It offers trading in various stock portfolios and securities. Traders can trade through Web, Mist WS and mobile apps. Though it doesn't have the minimum deposit requirement, it is unregulated.

Pros and Cons

Pros	Cons
Experienced	No regulation
Clear fee structure	Transfer fee for some banks
Multiple trading platforms
No minimum deposit

Is VANTAGE Legit?

　　No, VANTAGE is not regulated by any financial authorities. Traders should be careful when trading.

What Can I Trade on VANTAGE?

Tradable Instruments	Supported
Stocks	✔
Securities	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌

Commission

　　There is no commission for opening account on VANTAGE.

Other Fees

　　The brokerage fees of VANTAGE depend on the trading volume. It starts from 0.002 , apart from the commission of the Stock Market, MCSD and the Custodian Bank or any other governmental fees.

　　Traders like to have their orders permanently will have a commission of 0.0005 would be added plus the fees stated in the table below. Besides, traders can place 10 free orders, if more, 0.0005 fees would be added over the above mentioned fees for all transactions of this month.

Trading Volume on a Monthly Basis	Fees
LE 1-999999	0.002
1 million-1999999	0.00175
2 million- 2999999	0.0015
3 million- 3999999	0.00125
4 million- 4999999	0.001
5 million- 9999999	0.00075
10 millions- 14999999	0.0005
15 millions- 24999999	0.00025
25 million or more fees	0.0001

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web	✔	Web	Experienced traders
Mist WS	✔	Web	Experienced traders
Mobile app	✔	Mobile	Experienced traders

Deposit and Withdrawal

　　Traders can deposit through bank transfer with cash.

　　There are two ways to withdraw: bank transfer and a closed cheque issued in the name of the client.

　　There are no transfer fees in case of transferring to the following banks: Arab African International Bank, CIB, Ahli United Bank, Banque Misr, NBK. If other banks, 0.001 transfer fees will be deducted with a minimum of EGP 25 and up to EGP 50, plus EGP 20 swift fees.