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Vantage in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%95
- Round-turn cost20%no data
- Safety20%0
- Payouts15%40
- Track record10%30
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Indian retail clients are onboarded by the offshore arm Vantage Global Limited (VFSC Vanuatu) / Vantage International Group Ltd (Cayman CIMA); no Indian-licensed entity.
- Founded
- 2020
- Retail leverage
- 500IN
- Round turn
- 6 USDIN
- Currencies
- ~10 fiat base currencies incl. USD, EUR, GBP; no INR account, so rupee funding incurs conversion.
- Swap-free account
- yes
Licence check
Open an account with VantageThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Indian retail clients are onboarded by the offshore arm Vantage Global Limited (VFSC Vanuatu) / Vantage International Group Ltd (Cayman CIMA); no Indian-licensed entity.
- Local standing
- Offshore and a regulatory grey area - leveraged forex/CFDs with offshore brokers is not permitted under SEBI/RBI FEMA rules; accessible but non-compliant, no SEBI protection.
- Licence as the register states it
- No SEBI registration; served under VFSC Vanuatu / CIMA Cayman.
- Leverage for this entity
- Up to 1:500 on forex via the offshore entity; no local cap but activity sits outside SEBI/RBI permitted framework.
- The firm behind it
- Founded 2009, HQ Sydney; multi-asset CFD/forex broker with ASIC/FCA/FSCA/CIMA/VFSC group entities.
- What we hold against it
- SEBI/RBI grey area; no local protection and possible payment-gateway blocks; verify legality before onboarding.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore and a regulatory grey area - leveraged forex/CFDs with offshore brokers is not permitted under SEBI/RBI FEMA rules; accessible but non-compliant, no SEBI protection.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard STP (min USD 50), Raw ECN (min USD 50, ~USD 6/lot round-turn), Pro ECN (min USD 10, 000), swap-free variant available. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Vantage sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 6 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 50 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Funding falls under RBI's Liberalised Remittance Scheme (bank transfer) - no UPI;
- Account currency
- ~10 fiat base currencies incl. USD, EUR, GBP; no INR account, so rupee funding incurs conversion.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(33 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- Vantage App
- ProTrader
- copy trading
Identical for every row: Min spread 1 · Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.9 | 148 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 6 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the India median 7
- Swap-free account available
- Reviews 95 of 100, its strongest of 6 scored axes
- 5 platforms: MT4, MT5, Vantage App, ProTrader
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the India median 15
- Withdrawal in 72 h, over the India median 48
- The published 1:500 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 50 groupIN
- Leverage
- 1000IN
- Rank in this country
- #7
- Round turn, USD
- 7IN
- Min deposit, USD
- 50 groupIN
- Leverage
- 500IN
- Rank in this country
- #20
- Round turn, USD
- 4.5IN
- Min deposit, USD
- 0IN
- Leverage
- 500IN
- Rank in this country
- #3
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #16
- Round turn, USD
- 6IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 500IN
- Rank in this country
- #41
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Vantage |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 95 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 30 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Vantage accept residents of India?
- No. Offshore and a regulatory grey area - leveraged forex/CFDs with offshore brokers is not permitted under SEBI/RBI FEMA rules; accessible but non-compliant, no SEBI protection. Onboarding entity: Indian retail clients are onboarded by the offshore arm Vantage Global Limited (VFSC Vanuatu) / Vantage International Group Ltd (Cayman CIMA); no Indian-licensed entity.
- Is Vantage licensed to serve clients in India?
- No SEBI registration; served under VFSC Vanuatu / CIMA Cayman. Checked on 09.07.2026.
- How much does one round turn cost at Vantage?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Vantage offer to retail clients in India?
- Up to 1:500. Up to 1:500 on forex via the offshore entity
- Which trading platforms does Vantage support?
- MT4, MT5, Vantage App, ProTrader, copy trading. Instruments: 1,000+ CFDs: 60+ forex pairs, global indices, commodities, share CFDs, ETFs, bonds and crypto CFDs.
- How can I withdraw money from Vantage in India?
- Funding falls under RBI's Liberalised Remittance Scheme (bank transfer) - no UPI; some payment gateways may block offshore-broker transfers.
- What account types does Vantage offer?
- Standard STP (min USD 50), Raw ECN (min USD 50, ~USD 6/lot round-turn), Pro ECN (min USD 10,000); swap-free variant available.
- Does Vantage offer a swap-free (Islamic) account?
- Yes. Vantage offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.