Vantage is not a broker but an issuer of the product to you. Vantage has market-making authorization on its license, same as all other providers, however since Vantage sources its liquidity from the top tier investment banks and other liquidity providers, and offers direct access to the raw pricing to its clients with no dealing desk intervention, we do not consider ourselves as a true market maker.

Our pricing model can be considered as true ECN. The pricing we receive is raw however there is a mark-up applied depending on the account that you may be trading, in the same manner, all other providers mark up the raw prices, there is no dealing desk intervention at all.