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Vantage
#14 in our CFD broker rankings
Accepts traders from Malawi
Rating breakdown
- Regulation & trust4.60.1 higher than XM (4.5)
- Assets & markets4.5same as XM (4.5)
- Fees & costs4.40.4 higher than XM (4.0)
- Platforms & tools4.30.5 lower than XM (4.8)
- Accounts & banking4.5same as XM (4.5)
- Education4.00.8 lower than XM (4.8)
- Research4.00.3 lower than XM (4.3)
- Customer support4.40.5 lower than XM (4.9)
XM’s score. Numbers show the difference.
XM
#1 in our CFD broker rankings
Accepts traders from Malawi
Rating breakdown
- Regulation & trust4.50.1 lower than Vantage (4.6)
- Assets & markets4.5same as Vantage (4.5)
- Fees & costs4.00.4 lower than Vantage (4.4)
- Platforms & tools4.80.5 higher than Vantage (4.3)
- Accounts & banking4.5same as Vantage (4.5)
- Education4.80.8 higher than Vantage (4.0)
- Research4.30.3 higher than Vantage (4.0)
- Customer support4.90.5 higher than Vantage (4.4)
Vantage’s score. Numbers show the difference.
| Vantage | XM | |
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| Overview | Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools. | XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades. |
| Customer Reviews | Based on 9 customer reviews | Based on 55 customer reviews |
| Trustpilot Score | ||
| Bonus Offer | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme | $30 No Deposit Bonus, 100% Deposit Bonus |
| Promotions | ||
| Comment by Reviewer | “Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.” | “With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $50 | $5 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, FSCA, VFSC, CIMA | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| Margin Trading | Yes | Yes |
| STP Account | Yes | Yes |
| ECN Account | Yes | No |
| DMA Account | No | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | iOS & Android | iOS, Android & Windows |
| App Review | Vantage offers one of the most complete trading apps we’ve used, especially following the 2026 enhancements. The crisp design and slick interface makes analyzing markets and placing trades straightforward, especially now that you can view balances across Contract, Copy, and Funding accounts in one screen. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV. | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
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| Auto Trading | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers. | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. |
| Social Trading | Yes | Yes |
| Trade Signals | Yes | Yes |
| VPS Hosting | Yes | Yes |
| Tournaments | No | Yes |
| Demo Competitions | Yes | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $5 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Traders can speculate on 1000+ financial markets with high leverage up to 1:2000 depending on the region. You can bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset. With the comprehensive choice of CFD trading platforms, users can also switch between desktop, web and mobile for a seamless trading experience. | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. |
| Leverage | 1:500 | 1:1000 |
| FTSE Spread | 1.0 | 1.4 |
| GBPUSD Spread | 0.5 | 0.8 |
| Oil Spread | 0.01 | 0.03 |
| Stocks Spread | 0.01 | 1.79 (Apple) |
| Forex Trading | ||
| Overview | Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN accounts, alongside a competitive commission that's typically $6.00 round trip per standard lot. There are also no deposit fees or hidden charges. | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. |
| GBPUSD Spread | 0.5 | 0.8 |
| EURUSD Spread | 0.18 | 0.8 |
| EURGBP Spread | 0.5 | 1.5 |
| Assets | 55+ | 55+ |
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| Cryptocurrency | ||
| Overview | You can trade cryptos 24/7, including Bitcoin, with up to 1:200 leverage and zero overnight fees. Various risk management tools are also available, including price alerts and stop losses. The Vantage app also offers an excellent live news feed so you can keep track of the crypto market whilst on the go. | XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 100+ crypto derivatives at some category leaders. |
| Spread | Variable | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |