Comparison of XTB vs Vantage [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theXTB vs Vantage comparison!

Your expert: Alejandro Borja

XTB

Your expert: Xavier Tarrasó

Vantage

Main points

Fees

Low 4,7/5

Regulated

FCA, KNF

Demo account

Yes

Low 4/5

Fees

ASIC, FCA

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.4 – XTB provides excellent value with no deposit or withdrawal fees for most methods and tight spreads. The inactivity fee after 12 months is the main additional cost .

4.2 – Vantage offers tight spreads and no deposit or withdrawal fees, making it a good choice for both new and experienced traders. However, additional fees might apply depending on the payment method used .

Level

Low 4,7/5

Low 4/5

Brief explanation

XTB’s fee structure is primarily built around spreads, with no commissions for crypto trades. The spreads are competitive, starting from 0.22% for Bitcoin. Additionally, XTB does not charge deposit fees for bank transfers or credit/debit cards, although e-wallet deposits may incur fees ranging from 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies. An inactivity fee of $10 per month is charged after 12 months of inactivity. Overall, XTB’s fee structure is straightforward and relatively low-cost compared to other brokers .

Vantage operates as a CFD broker, and its fee structure is designed to be transparent and competitive. The primary cost for trading cryptocurrency CFDs on Vantage comes from the spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, if you hold a position overnight, an overnight financing fee is applied. This fee is calculated based on the leverage used and the value of the position held overnight . Vantage does not charge any deposit fees, making it cost-effective to fund your trading account. Withdrawals are also generally free, except for international bank withdrawals beyond the first free one each month, which incur a fee of 20 currency units (e.g., $20, €20) . There are no commission fees for trades on standard accounts, but for ECN accounts, a commission of $3 per lot for Raw ECN and $1.5 per lot for Pro ECN is charged . This commission structure is typical for ECN accounts, which offer tighter spreads but involve a per-trade commission. Overall, Vantage provides a competitive fee structure that is advantageous for traders who are mindful of trading costs. The combination of low spreads, no deposit fees, and the absence of most withdrawal fees makes it an attractive option for both new and experienced traders.

XTB

Year Founded: XTB was established in 2002, providing over two decades of experience in the financial trading industry. This longevity indicates a stable and reliable presence in the market.
Number of Users: XTB has a substantial client base, serving thousands of traders worldwide. This extensive user base reflects the trust and satisfaction of its clients.
Transparency: Being listed on the Warsaw Stock Exchange adds to XTB's transparency. The company regularly publishes its financial statements, providing clients and investors with a clear view of its financial health and operations.
Security Methods: XTB is known for its robust security measures. It employs advanced encryption and offers negative balance protection, ensuring that clients' funds and data are secure.
Regulation: XTB is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). This high level of regulatory oversight ensures that XTB adheres to strict financial and operational standards.

Vantage

Regulatory Oversight: Vantage operates under the regulation of several reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This regulatory oversight ensures that Vantage adheres to strict financial and operational standards, providing a secure trading environment for its clients .
Negative Balance Protection: Vantage offers negative balance protection to its clients, ensuring that traders cannot lose more than their deposited amount. This feature adds a layer of security, particularly for those using leverage, by preventing debts that exceed their account balance .
Reputation and Reviews: Over the years, Vantage has built a solid reputation in the trading community. Many users appreciate its transparent fee structure, fast and reliable customer service, and the overall ease of use of its platform. The positive feedback from its users highlights the platform’s reliability and trustworthiness .
Security Methods: Vantage employs advanced security measures to protect client funds and personal information. These include Secure Socket Layer (SSL) encryption, two-factor authentication (2FA), and regular security audits. Such robust security protocols ensure that client data and transactions are safe from unauthorized access and cyber threats .
Volume Managed: Vantage handles significant trading volumes, reflecting its capability to support a large and active user base. High trading volumes often indicate strong liquidity, making it easier for traders to execute large orders without significantly impacting the market price .

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Account Minimum

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Product selection

Native token

XTB does not have a native token.

Vantage does not have a native token.

Earns

XTB does not provide staking or earning options for cryptocurrencies. The platform offers trading in crypto CFDs .

Vantage does not have options for earning with cryptocurrencies through staking. It offers trading of crypto CFDs with leverage .

NFT marketplace

XTB does not have an NFT marketplace.

Vantage does not have an NFT marketplace.

Cripto/debit card

XTB does not have a card for its clients .

Vantage does not provide a card for its clients .

Payment methods

Transfers

Yes, XTB accepts bank transfers for both deposits and withdrawals .

Yes, Vantage accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, XTB accepts Mastercard for deposits.

Yes, Vantage accepts Mastercard for deposits.

Wire transfer

Wise is not mentioned as a supported payment method .

Card

Yes, XTB accepts credit/debit cards .

Information about Vantage’s acceptance of credit/debit cards is not explicitly stated in the retrieved documents.

Comparative table

XTB	Features	Vantage
Minimum trade size is flexible, starting at $1. This low threshold allows even small-scale investors to participate in cryptocurrency trading .	Minimum Trade	Vantage offers a low minimum trade amount, making it accessible for traders of all levels. The platform allows trades from as little as $50, catering to both beginners and those with limited capital.
XTB charges spreads on crypto trades starting from 0.22% for Bitcoin. While competitive, additional fees apply for certain e-wallet deposits and withdrawals .	Trading and Transaction Fees	Vantage has competitive trading fees, but the spread costs can vary depending on market conditions. While the fees are generally low, they can add up, especially for high-frequency traders.
XTB offers trading on over 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, along with various crypto pairs .	Number of Cryptocurrencies	With 34 cryptocurrencies available for trading, Vantage offers a decent selection compared to other CFD brokers. However, the variety is somewhat limited compared to dedicated cryptocurrency exchanges.
The platform supports 16 intra-crypto pairs, allowing traders to speculate on the performance of one cryptocurrency against another .	Crypto-to-Crypto Trading Pairs	Vantage does not support direct crypto-to-crypto trading pairs. Instead, all trades are conducted as CFDs, which might not suit traders looking for direct cryptocurrency exchanges.
XTB provides comprehensive information about its services, fees, and regulations. However, some users may find the navigation slightly complex .	Website Transparency	Vantage maintains a transparent website with clear information on fees, regulations, and trading conditions. The platform ensures that users have access to necessary information before trading.
XTB does not have a card for its clients .	Credit/Debit Card	Vantage does not provide a card for its clients .
As a CFD provider, XTB does not offer dedicated crypto wallet services. Traders need to use external wallets if they wish to own actual cryptocurrencies .	Storage Offering	As a CFD broker, Vantage does not offer actual cryptocurrency storage. Traders do not own the underlying assets, so there are no wallet services provided.
XTB does not provide staking options or rewards programs for holding cryptocurrencies, which might be a drawback for some investors .	Staking and Rewards	Vantage does not offer staking or rewards programs for cryptocurrency holdings. This may be a disadvantage for users interested in earning passive income through staking.
The xStation platform is available on both mobile and desktop, offering a seamless and user-friendly experience with advanced trading tools .	Mobile App and Desktop	Vantage provides a robust mobile app and desktop platform, allowing users to trade on the go. The platforms are user-friendly and feature-rich, enhancing the trading experience.
XTB’s customer service is available 24/5, providing support via phone, live chat, and email. While generally responsive, some users report occasional delays .	Customer Service	Vantage offers 24/7 customer support via live chat, phone, and email. However, the live chat service can be slow at times, and the quality of responses may vary.
Deposits and withdrawals are mostly fee-free, except for small withdrawals under certain thresholds. The process is straightforward and quick .	Deposit and Withdraw	Vantage offers a variety of deposit and withdrawal methods with quick processing times. However, fees can be high for international bank withdrawals beyond the first free transaction each month.

Key features

Analysis tools

XTB offers the xStation platform with advanced charting tools, technical indicators, and intra-crypto pairs for detailed analysis. They also provide educational resources and market analysis tools .

Vantage provides access to the MetaTrader platforms and the TradingView platform, both known for their advanced charting tools and technical analysis capabilities. They also offer Capitalise.ai for algorithmic trading .

Mobile APP

Yes, XTB provides the xStation mobile app, which includes advanced trading and charting tools

Information on a specific mobile app for Vantage is not explicitly stated in the retrieved documents.

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

Additional features

XTB provides trading on over 50 cryptocurrencies with tight spreads and leverage up to 1:5. Their xStation platform offers intra-crypto pairs and 24/7 trading. XTB is known for its secure environment and transparent accounts, but crypto CFDs are not available to retail traders from the UK .

Vantage provides access to a variety of cryptocurrency CFDs, including Bitcoin and Ethereum, through the MetaTrader platform. They offer competitive spreads and leverage up to 1:200. Vantage is known for its secure trading environment and extensive educational resources. However, they do not support direct cryptocurrency trading, only CFDs .

Anonymity

Anonymous accounts are not available with XTB. The account opening process requires personal information and identity verification .

Vantage requires users to provide personal information and verification documents, thus not offering anonymous accounts .

Key points

Available cryptocurrencies

XTB offers trading in cryptocurrency CFDs. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Dogecoin (DOGE), and others, totaling 50 major coins and 16 crypto pairs.

Vantage provides trading in cryptocurrency CFDs, supporting a variety of cryptocurrencies similar to other major brokers .

User-friendliness

XTB’s platform is designed to be intuitive and easy to use, making it suitable for both beginners and experienced traders. The platform supports a variety of cryptocurrencies and offers competitive spreads. XTB’s strong regulatory framework and educational resources also contribute to a positive user experience .

Vantage provides a straightforward and easy-to-use platform for trading cryptocurrencies. The account opening process is simple, and the platform supports various payment methods. Vantage’s trading environment is designed to be user-friendly, making it accessible to both new and experienced traders .

Value for money

XTB offers excellent value with tight spreads and no deposit or withdrawal fees for most methods. Its comprehensive educational resources and transparent fee structure enhance its attractiveness, although inactivity fees apply after 12 months.

Vantage offers strong value with competitive spreads and no deposit or withdrawal fees. The platform’s leverage options and professional trading tools add further value, making it suitable for both beginners and experienced traders.

Countries of operation

United Kingdom, European Union, Dubai, Belize .

United Kingdom, Australia, European Union, Cayman Islands, Bahamas .

Best for

XTB is suitable for both beginners and advanced traders who want to trade a wide range of cryptocurrencies with tight spreads. Its comprehensive educational resources and strong regulatory framework make it a reliable choice for crypto trading.

Vantage is perfect for traders who want to engage in leveraged crypto CFD trading in a regulated environment. Its quick account opening process and seamless deposit and withdrawal options make it a good choice for both new and experienced traders.

Account

Trading

XTB provides extensive crypto CFD trading options with over 50 cryptocurrencies available. The platform is known for its tight spreads and leverage options, making it suitable for active crypto traders.

Vantage offers a wide range of crypto CFDs with competitive spreads and leverage. The platform is well-regulated and provides a secure trading environment for crypto enthusiasts.

Deposit and withdrawal

XTB offers free deposits and withdrawals via bank transfers, credit/debit cards, and e-wallets. The process is efficient, with most transactions processed quickly, though small fees may apply for low withdrawal amounts.

Vantage supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The first international bank withdrawal each month is free, but subsequent withdrawals may incur fees.

Account opening process

XTB offers a hassle-free and fully digital account opening process. Users need to fill out an online form with personal and financial information, and submit verification documents. Accounts are usually approved within one business day.

The account opening process at Vantage is quick and fully digital. Users need to fill out an online form with personal and financial details, and submit verification documents. Accounts are generally approved within one business day.

KYC required?

Yes, KYC is required at XTB. Users need to submit identification documents and proof of address during the account opening process.

Yes, KYC is required at Vantage. Users need to submit personal identification documents and proof of address to verify their accounts.

Customer Service

XTB offers comprehensive customer support available 24/5 through phone, email, and live chat. The support team is known for being efficient and knowledgeable, ensuring users get the help they need promptly.

Vantage provides customer support via live chat, email, and phone. The support team is available 24/5 and is generally responsive, though some users report delays in getting complex issues resolved.

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

Which of these exchanges is for you?

Alejandro Borja

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

Xavier Tarrasó

As an expert from Threenvest, I find Vantage to be a robust option for traders looking to delve into the world of cryptocurrency CFDs. The platform excels in offering a diverse range of 34 crypto CFDs, including major assets like Bitcoin and Ethereum, which cater to both beginner and experienced traders. Its strong regulatory framework under ASIC and VFSC ensures a secure trading environment, further enhanced by features like negative balance protection. While the customer service has areas that need improvement, particularly in live chat responsiveness, the overall user experience is solid. For those who prioritize regulatory security and ease of trading without the complexities of handling actual cryptocurrencies, Vantage is a commendable choice.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of XTB vs Vantage [ 2024 ]

XTB

Vantage

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

XTB

Vantage

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives XTB and Vantage