Vantage FX Review 2020

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Beginner’s Guide to Vantage FX: Complete Review

Vantage FX is a leader among Australian Forex brokers and gives traders the ability to access the Forex markets, Cryptocurrencies, Indices, Commodities and Shares CFDs.

The company has received consistent recognition as a secure, safe forex broker that provides highly transparent access to the markets.

Vantage FX was founded back in 2009 with the founders consisting of a highly specialized team with experience in technology, forex, and finance. The goal behind Vantage FX was to assist clients with pursuing financial goals by providing powerful trading platforms, transparent forex market access, award-winning customer service, and exceptional execution speed.

Vantage FX prides itself on delivering better service and access to the forex markets than competitors, both for retail and professional traders. Additionally, Vantage FX strives to enhance its offerings, ensuring it remains superior to the competition in terms of service.

Risk Warning : Trading derivatives and forex carries a high level of risk to your capital and should only be traded with money you can afford to lose. Ensure you read the documents on our Legal Page (including FSG, PDSs and Terms & Conditions), and seek independent advice, to fully understand the risks,before deciding to trade. The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs.

Vantage FX at a Glance

Broker Vantage FX
Regulation ASIC (Australia)
Minium Balance $200
Demo Account
Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms Web, Mobile, MT4, MT5, ZuluTrade

Trust & Transparency

Vantage FX makes transparency a priority, particularly given that the forex industry is frequently cloudy. Because of this, the company goes above and beyond to ensure it is fully available to meet the needs of clients and continue delivering reliable and exceptional services.

Additionally, Vantage FX believes that trust must be earned, something the company feels helps differentiate it from competitors. To earn that trust, Vantage FX always actively promotes integrity and ethical practices and offers the best possible services.

Vantage FX also places a focus on maintaining its reputation of delivering integrity. To do so, the company matches its interests with those of clients, so everyone works toward the same goal. At the same time, the company also holds itself fully accountable for its offerings, which allows Vantage FX to ensure that it never compromises its exacting standards.

Vantage FX Advantages

When creating its services, Vantage FX asked itself what traders want from a forex broker. Based on that question, it chose what to include and what values or features to strive toward.

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Vantage FX is transparent with strong regulation, lets clients trade on the powerful MetaTrader 4 and MetaTrader 5 platforms, and offers lightning-fast trading execution. It also offers the ability to trade forex, commodities, cryptocurrencies, and indices.

Vantage FX has raw ECN spreads from 0.0, offers exclusive FX promotions, has a leverage of up to 500:1, and has earned numerous awards. There is no conflict of interest since traders get true STP/ECN execution that does not involve a dealing desk.

Additionally, Vantage FX prides itself on using top-tier liquidity providers so clients have access to deep institutional liquidity pools.

Vantage FX Licenses & Regulators

Vantage FX is regulated by ASIC (Australian Securities and Investment Commission) as a leading forex broker based out of Australia. As such, the company upholds the highest standards for compliance and regulation from ASIC.

As part of the ASIC regulation, Vantage FX clients can rest easy thanks to Professional Indemnity Insurance that covers the work done by employees, representative, and authorized representatives of Vantage FX.

Vantage Global Prime Pty Ltd CAN 157 768 5661 has Vantage FX Pty Ltd CAN 140 903 886 as an Authorized Representative (with number 343547). Additionally, Vantage Global Prime is regulated and authorized by ASIC and has the Australian Financial Services License number of AFSL 428901.

Vantage FX Standards

The standards that Vantage FX follows due to its ASIC regulation are considered a regulatory benchmark globally, giving clients a great deal of confidence. Additionally, KPMG strictly audits Vantage FX. KPMG is a network of a global nature that includes professional firms that provide audit services as well as those of an advisory nature and tax services.

KPMG annually audits the Vantage FX financial reports and Australian Financial Services License. Additionally, KPMG conducts quarterly reviews of controls over the client money, with all reviews and audits following the auditing and assurance standards of Australia.

Furthermore, Vantage FX segregates all client funds in a trust account that the National Australia Bank holds. This allows for further protection for the funds as the National Australia Bank is AA rated and among the four largest financial institutions in the country. It also consistently ranks among the top 20 safest banks in the world.

Vantage FX Liquidity Partners

To ensure clients always have the best possible liquidity, Vantage FX has 14 different liquidity partners.

These include KCG Hotspot, J.P. Morgan, NAB, CitiBank, Westpac, Nomura, BNP Paribas, HSBC, RBS, Credit Suisse, Goldman Sachs, Bank of America, Societe Generale, and UBS. Overall, Vantage FX has more than 30 liquidity providers.

Vantage FX Account Signup

Opening a Vantage FX account is specifically designed to be incredibly simple. You can begin live trading within minutes. Begin by filling out the online application and then fund the account using your choice of ten different funding methods. From there, you can start trading global markets.

Types of Accounts

Vantage FX offers three main types of accounts: Standard STP, Raw ECN, and PRO ECN, with the second being an incredibly popular option.

  • A Standard STP Account is the ideal choice for beginner traders in search of no commissions and direct, simple access to the market.
  • RAW ECN Accounts are ideal for more experienced traders who need deep liquidity and spreads that are razor sharp.
  • PRO ECN Accounts are ideal for professional traders or money managers that trade with high volumes.

Regardless of account type, Vantage FX clients get access to MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps for trading platforms. In terms of markets, all clients can access 40 currency pairs, 13 indices, and 20 commodities.

As the name implies, the Standard STP account uses STP as the execution type. This account can use the following base currencies: AUD, CAD, GBP, EUR, JPY, NZD, SGD, and USD.

There is a minimum balance of $200 and a minimum trade size of 0.01 lot. The leverage for Standard STP Accounts is up to 500:1 and the spreads start at 1.4 pips. There are no commissions and lot rebates are $2.00 AUD each.

Given the name, RAW ECN accounts follow the ECN execution type. It offers the same eight base currencies and does not offer $2.00 AUD per lot rebates.

The spreads are from 0.0 pips and the commission is $3.00 per lot per side. The minimum trade size is still 0.01 lot and the minimum balance is $500. PRO ECN Accounts limit base currencies to AUD, CAD, EUR, GBP, and EUR.

There is no $2.00 AUD per lot rebate and commissions are $2.00 per lot per side. Spreads still start at 0.0 pips with a leverage of up to 500:1. While the minimum trade size remains 0.01 lot, the minimum balance is $20,000.

It is possible to change your account type at a future date. Log in and make sure that your account has the minimum balance for your desired type of account. From there, close any open trades you have. At this point, you can contact Vantage FX support to upgrade your account.

Vantage FX Islamic Accounts

Vantage FX also offers an Islamic Account for Muslim traders to utilize so they can enjoy a swap-free account. This account was specifically designed for those forex traders who cannot pay or receive swaps due to religious beliefs.

The account type is fully compliant with Sharia law and Sheikh Hasan Qamra, the Chairman of the Sharia Supervisory Board, fully certified The Islamic Account from Vantage FX. This is unique as Vantage FX is the only forex broker that is officially Sharia compliant.

Vantage FX Demo Accounts

Vantage FX does offer a demo account and it takes less than 30 seconds to sign up for one. Additionally, those who already hold a live account with Vantage FX can take advantage of an Unlimited MT4 and MT5 demo account.

This is designed to ensure that all Vantage FX clients feel confident using their chosen trading platform. This is also a useful feature for testing out a new trading strategy in a risk-free manner, so you can potentially adjust your current strategy and improve future earnings.

The unlimited demo account also includes on-demand access to price data from Vantage FX.

Deposit and Withdrawals

There are no fees for deposits to Vantage FX. Funding options include credit or debit cards, bank wires via international SWIFT or Australian banks, BPAY (in Australia), POLi Payments (in Australia), Skrill/Moneybookers, Neteller, broker to broker transfers, and FasaPay.

As is standard, withdrawal requests must use the same method as your deposit up to the original amount deposited. After this amount, you can select another withdrawal method from the same options as deposits.

Vantage FX Bonuses

Vantage FX now offers a unique feature that helps active forex traders, an 8.88 percent cash bonus on the account balance. Those who move their account to Vantage FX or sign up for an account will earn an extra 8.88 percent cash bonus in their available balance. Traders get to opt in to receive this 8.88 percent cash bonus and in either case, you get the same trading conditions, without spread markups.

To receive the cash bonus, you just need to meet the minimum monthly trade volume, which depends on your account balance and whether you have a RAW ECN or Standard STP account. Residents of China should note that this interest promotion is not offered in that region.

There is currently a total of eight forex promotions from Vantage FX, including the 8.88 percent cash bonus, forex rebates, Smart Trader Tools, free forex VPS, a 50 percent welcome bonus, email forex signals, the Active Trader Program, and MT4 Indicators.

The forex VPS means that traders do not have to rely on their own internet connection to make trades. The welcome bonus can be up to 50 percent and depends on your initial deposit.

If you deposit $300, you get a bonus of $150, which increases to $200 for deposits of $400 and $250 for deposits of $500. Deposits over $500 also get a bonus of $250.

Vantage FX Forex Rebate Program

With the Vantage FX Forex Rebate Program, clients receive rebates daily in the form of cash that is instantly sent to their MT4 trading account. This program applies to Standard STP Accounts and makes it possible to receive $2.00 AUD for every standard FX lot.

The program is transparent, showing your earned rebates that you can then withdraw or trade whenever you want. To take advantage of the rebate program, you should deposit a minimum of $1,000, which will let you earn as much as 10 percent of the deposit back via rebates.

The rebate program also applies to future deposits higher than $1,000.

Trading Platform

Vantage FX uses the MetaTrader 4 and MetaTrader 5 platforms, the best-respected and most popular platforms in the world of forex trading. These platforms are available in 32 different languages with 24/5 market hours.

It also includes forex signals and other features. MetaTrader platform is available via desktop downloads for Windows and Mac, mobile applications, and there is also a WebTrader interface if you prefer that.

There is also support for MAM/PAMM, MyFXBook AutoTrade, and ZuluTrade. The Vantage FX MAM/PAMM solution allows for unlimited trading accounts, with an allocation speed of 5 milliseconds per account, multiple allocation methods, partial close orders, Expert Advisors, all trading styles, and other features. Zulu Trade offers social trading and MyFXBook AutoTrade offers automated trading.

Assets Coverage

The focus of Vantage FX is forex trading, where you will find more than 40 forex pairs available, along with the ability to use up to 500:1 leverage.

Vantage FX also offers access to 10 world stock exchange indices with a focus on the most liquid indices and a leverage of up to 200:1.

Commodities trading from Vantage FX includes a maximum volume of 20 lots traded for precious metals, a leverage of up to 100:1 on energy markets, and margins from 1 percent on soft commodities markets.

Those interested in cryptocurrency trading can trade Bitcoin with a leverage of up to 5:1, Bitcoin Cash with a 2:1 leverage and contract volume of 0.01, and Dashcoin with up to 50 contracts per trade. There is also trading for Litecoin, Ripple, and Ethereum.

Finally, you can trade U.S.-listed share CFDs with up to 50 U.S. blue-chip companies, from $6 per trade and a leverage of up to 20:1.

Trading Tools

Vantage FX offers a Smart Trader Tools Package that helps the MT4 platform rival even highly advanced institutional trading platforms available, helping retail traders get the same benefits as institutional traders.

This package includes an Alarm Manager with six types of alarms and alerts via pop-up, email, SMS, and Twitter as well as a Correlation Matrix, Correlation Trader, Excel RTD Link, Market Manager, Mini Terminal, Sentiment Trader, Session Map, and Trade Terminal.

This Smart Trader Tools Package is free for anyone who meets the minimum deposit of $1,000.

Traders can also take advantage of daily forex signals sent right to their inbox thanks to the Vantage FX partnership with Trading Central. This includes Technical Analysis as well as forex signals, with as many as two emails each day covering 70 tradable markets.

You can also view as many as 9 timeframes with up to 3 chart types. The Active Trader Program provides new and existing clients with a cash rebate when they meet the minimum deposit requirement.

Those who opt for ECN trading can take advantage of automated trading, including Expert Advisors. There is also the previously mentioned free forex VPS, so you can ensure your MT4 platform runs 24/7.

The economic calendar from Vantage FX lets you view upcoming events that will impact the market, including their location, the currency affected, and the predicted impact. You can also utilize Client Sentiment indicators.

Are Vantage FX’s Spreads Competitive?

Vantage FX always strives to offer low spreads that are industry leading. This is possible thanks to the number of liquidity providers that Vantage FX works with as well as the fact that feeds come from up to 70 institutions.

  • The typical spreads for Standard STP Accounts are from 1.4 for EUR/USD, from 1.6 for GBP/USD, from 1.4 for AUD/USD, and from 1.5 for USD/JPY.
  • For RAW ECN Accounts, these spreads go from 0.1, 0.6, 0.4, and 0.5, respectively.
  • PRO ECN spreads tend to go from 0.0, 0.5, 0.3, and 0.4, respectively.

Education

Vantage FX provides an extensive selection of educational tools to help forex traders of all skill levels. There is a step-by-step guide for Learn to Trade Forex, including a market overview, market analysis, and trading psychology.

You can also attend one of the broker’s regular webinars that are led by experienced market strategists and professional traders, look at the MT4 user manuals or comprehensive MT4 video tutorials, or view the MT4 SmartTrader Tools videos to make the most of the MT4 SmartTrader Tools Package.

Trading Servers

To help ensure its quick execution times and excellent service, Vantage FX also uses high-end trading servers. The broker has live trading servers in New York and London, allowing easy access to two of the world’s major financial hubs. The trading servers allow for sourcing ECN market liquidity and streaming that liquidity into the MT4 accounts of clients.

The decision of where to place the servers was not taken lightly. Vantage FX dedicated resources and time into researching the location to maximize the advantage of the trading servers for clients. That led to the decision to have the servers in both London and New York.

Vantage FX also constantly works on enhancing its trading network made up of data centers and servers, which includes updates to the physical locations and hardware. This is one of the many ways that Vantage FX aims to maintain its industry-leading position and maximize its strength. Thanks to the carefully planned trading servers, Vantage FX clients can appreciate stable and super-fast trading conditions unlike those from competitors.

Other Technology

Vantage FX also has a strategic partnership with Equinix for a fiber optic network solution that connects its trading servers to the world. That partnership’s fiber-optic network helps guarantee the lightning-fast execution for every trade and gives Vantage FX a further advantage.

The main points of the fiber optic server network are in New York and London, which account for live servers 1 and 2. There are data centers in Sydney, Guangzhou, Kuching, and Tianjin.

Those who are interested in statistics will want to know that Vantage FX is stable at 99.99 percent of MT4 uptime and has improved the execution speed by 78 percent. Vantage FX carefully tested each fiber optic line that connects the servers to ensure minimization of latency. This allows for the quickest execution speeds for every client.

The goal is to make it possible for clients to realize new possibilities, ignite execution speed, and accelerate performance. This is all done with as much as 100 GB/S of bandwidth.

Vantage FX uses a oneZero MT4 Bridge, which is a next-generation price aggregator that connects Vantage FX’s dark liquidity pool with the client’s MT4 platform. This oneZero MT4 Bridge is actually the only existing solution of a technically advanced nature that can handle the vast number of market orders that require execution and do so at high speeds.

Thanks to this technology, Vantage FX can execute as many as 500,000 trades per millisecond and process as many as 150 unique price feeds at speed.

Vantage FX uses Intel Xeon E7 Processors that feature Turbo Boost Technology to ensure the oneZero MT4 Bridge runs at the maximum possible speed. That helps clients receive the quickest access to global markets, with a core speed of 18 and frequency of up to 3.2 GHz.

Vantage FX Partners

Vantage FX has several partners that it maintains and develops relationships with to enhance the offerings and services available to clients. These partnerships are designed to maximize data resources as well as trading methods that are at the disposal of clients.

One of the partners is the previously mentioned oneZero, a partnership that provides Vantage FX with crucial trading technology, including the oneZero MT4 Bridge platform.

This platform has reliable IT infrastructure, reliable technical support, proven liquidity, and a low-latency trading environment. It is fully customized with scaling designed to serve Vantage FX clients via the increase in liquidity options as well as the lightning-fast execution of trades.

With the oneZero Liquidity Bridge, Vantage FX can manage its trading platform via an intuitive front end that offers extensive flexibility in terms of the ways that the broker offers spreads, integrates with post-trade processors, aggregates liquidity, and configures pricing.

Another partner of Vantage FX is MetaQuotes, which was established in 2000 and is a leading forex trading platform provider. This is the company responsible for the immensely popular and useful MetaTrader 4 platform, which has helped it earn the reputation as a leading developer for software applications designed for exchanges, banks, and forex brokers.

This partnership with MetaQuotes lets Vantage FX clients get access to the most popular trading platform solutions. At the same time, it also gives clients the ability to enjoy stable and super-fast access to the MT4 forex trading account that you cannot get with another broker.

Trading Central is another partner of Vantage FX and this company delivers research that combines forex signals, mathematical indicators, and a chartist approach for assessing price targets and directional moves. Its methodology is unique, and a team of trading experts and portfolio management experts manages it.

Trading Central’s methodology is award-winning, supplying complex content and a format that clients find intuitive to understand and implement. This is a useful partnership for Vantage FX clients as the most prestigious financial institutions around the world rely on Trading Central for investment strategies for forex, indices, commodities, and more. Trading Central is also a world-renowned benchmark for Technical Analysis.

Finally, Vantage FX partners with CellXpert, which makes it possible for CPA Partners to make use of the latest marketing tools available. CellXpert lets affiliates of Vantage FX server their ads, manage their campaigns, track conversions, and optimize performance in a single, convenient package. This partnership helps ensure that CPA Partners have all the tools needed to enhance productivity and revenue.

Vantage FX Awards

Over the years, Vantage FX has earned honors around the world from respected publications and organizations for premium level service and vast offerings.

  • Finance Monthly honored Vantage FX as the Financial Trading Service Provider of the Year in 2020 as well as 2020 in its Fintech Awards, showing that the broker not only surpasses the competition but does so consistently.
  • Vantage FX is a true ECN broker, and as such, it takes pride in the awards for ECN brokerage services that it has received. The RAW ECN account from Vantage FX has earned honors for its lowest commissions, most transparent trading conditions, and tightest spreads.
  • The Forex Awards honored Vantage FX with the title of Best ECN Broker 2020, Best IB Broker 2020, and Best Customer Support 2020.
  • The Forex Awards 2020 honored Vantage FX as the Best ECN/STP Broker.
  • The Global 100 2020 honored Vantage FX as the winner.
  • Going back further, in 2020, Vantage FX earned honors from the DealMakers Annual Banking Awards for Best Forex Broker and Forex Execution House South East Asia.
  • The same year, World Finance honored the broker during its Foreign Exchange Awards and the IBTIMES Trading Awards awarded Vantage FX for Best Forex Execution in Asia-Pacific.
  • In 2020, the IBTIME Trading Awards honored Vantage FX with an Excellence Forex Award as a Forex Broker Australia and with a Best Forex honor for Forex Broker South East Asia.
  • Also in 2020, the Smart Investor Blue Ribbon Awards labeled Vantage FX as Recommended for Forex.
  • The broker also was a winner at the 2020 IAIR Awards and a finalist for Best Forex Broker from The Bull.

Vantage FX IB Program

The Vantage FX IB Program stands for Introducing Broker and is designed to help corporate clients and individuals by providing a method of earning revenue of an ongoing nature via client trading activity.

IBs are rewarded with competitive rebates. According to Vantage FX, this broker’s IBs tend to have a greater income than those from other brokers thanks to the award-winning customer service, superior IB infrastructure, transparent IB reporting, and strong brand reputation of Vantage FX.

IB partners can earn rebates on 120 tradable assets and trade on the two most popular platforms, MT4 and MT5.

Vantage FX CPA Affiliates

Becoming a CPA Affiliate is another method of increasing revenue with Vantage FX. Affiliate partners earn commissions on referrals and also receive exclusive access for highly personalized and targeted marketing products.

CPA Affiliates get complimentary access to CellXpert, via the Vantage FX partnership with that state-of-the-art marketing platform. The partnership is available for both corporate clients and individuals worldwide.

Competitors

Vantage FX is in competition with our similar brokers which have covered before, as follows:

Vantage FX Customer Support

From any page on the Vantage FX website, you can click on the Chat button in the lower right corner of the screen to begin a live chat.

You can also call Vantage FX via the phone number conveniently displayed at the top of any page on the website. Vantage FX also has a support email address. The broker always aims to respond to messages within 24 hours.

For added convenience, there are specific phone numbers for those in Australia, the UK, China, Canada, and International, as well as a fax number.

Additionally, those in Sydney can visit the Vantage FX head office. There is an additional office in Melbourne and both offices have their addresses and phone numbers clearly displayed on the Contact Us page of the Vantage FX website and within your client area.

Conclusion

Vantage FX is an Australian broker that focuses on forex trading but also offers trading of other assets, including cryptocurrencies, share CFDs, indices, and commodities.

This broker is regulated by ASIC and has a strong reputation that should inspire confidence in clients. There are several account options available, including an unlimited demo account that you can use to get a feel for their platform.

Vantage FX have a leverage cap in place at $5000 which might put off larger investors but it does have a low deposit requirement of just $200 which is lower than other brokers of this type. Vantage FX also blocks clients from the USA so customers from there will need to find another broker to accommodate them.

You can have confidence in trading with VantageFX, they are a large established company, well regulated so your funds are safe there.

The range of trading platforms is solid, you can trade on the web, mobile, Meta Trader and ZuluTrade.

Risk Warning : Trading derivatives and forex carries a high level of risk to your capital and should only be traded with money you can afford to lose. Ensure you read the documents on our Legal Page (including FSG, PDSs and Terms & Conditions), and seek independent advice, to fully understand the risks,before deciding to trade. The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs.

Vantage FX Review

Vantage FX is an Australian regulated forex provider founded in 2009, granting traders access to the global forex market with fast forex trading execution, as well as interbank grade, RAW ECN spreads. Clients can also access forex trading markets through Vantage FX’s Forex trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.

Vantage FX has also introduced the next generation RAW ECN trading environment which gives traders the opportunity to trade forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 commission. Vantage FX’s standard leverage also starts at 100:1 but can be increased up to the maximum of 500:1 depending on account equity.

Vantage FX has live trading servers located in the major financial hubs of both London and New York. From these trading servers, ECN market liquidity is sourced and streamed into trader’s MT4 accounts. There are also further ongoing enhancements to the Vantage FX trading network of servers and data centres, including updates to both hardware and physical locations.

  • Segregates client funds
  • Established in 2009
  • Regulated by ASIC
  • Min. deposit from €100
  • Limited range of instruments
  • Not FCA Regulated (See alternatives)

To open a live account, you’ll need a minimum deposit of at least €100. Alternatively, Vantage FX offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by ASIC (AFSL #428901). Vantage FX puts all client funds in a segregated bank account and uses tier-1 banks for this. Vantage FX has been established since 2009, and have a head office in Australia.

Before we dive into some of the more detailed aspects of Vantage FX’s spreads, fees, platforms and trading features, you may want to open Vantage FX’s website in a new tab by clicking the button below in order to see the latest information directly from Vantage FX.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are Vantage FX’s spreads & fees?

Like most brokers, Vantage FX takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on Vantage FX’s website. The colour bars show how competitive Vantage FX’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Vantage FX
EUR/USD (Average: 0.7 pips) Not offered 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, Vantage FX’s minimum spread for trading EUR/USD is pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Vantage FX vs. similar brokers.

How much does Vantage FX charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Vantage FX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $8.09. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

Vantage FX XTB AvaTrade
Spread from : $ 0.00 $ 2.00 $ 7.00
Commission : $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 2.00 $ 7.00
$2 more $7 more
Visit Vantage FX Visit XTB Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

What can you trade with Vantage FX?

Vantage FX offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Vantage FX below, along with the instruments offered by XTB and AvaTrade for comparison.

FX / Currencies Vantage FX XTB AvaTrade
# of forex pairs offered 48 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Vantage FX XTB AvaTrade
# of commodities offered 21 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Vantage FX XTB AvaTrade
# of stocks offered 1606 99
UK shares No Yes Yes
US shares No Yes Yes
German shares Yes Yes Yes
Japanese shares Yes Yes Yes
See Vantage FX’s Instruments See XTB’s Instruments See AvaTrade’s Instruments

What’s the Vantage FX trading experience like?

1) Platforms and apps

Vantage FX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

Vantage FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) Executing Trades

Vantage FX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Vantage FX allows you to execute a maximum trade of 20,000 lot. As Vantage FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, Vantage FX may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Vantage FX offers its traders below.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

Vantage FX support a limited number including English and Mandarin.

Vantage FX has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with Vantage FX

As Vantage FX is regulated by ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Vantage FX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Vantage FX you can visit their website here.

  • Written by Marcus Taylor
  • Founder & CEO

Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vantagefx.com/ on 01/04/2020.

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Vantage FX Review

Vantage FX offers retail forex and CFD traders the Metatrader platform suite, ChartIQ, as well as auto trading on ZuluTrade and Myfxbook. With a limited offering and poor customer service, the broker trails industry leaders by a wide margin.

Review Sections:

Please Note: Vantage FX was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Founded in 2009 as MXT Global, before rebranding as Vantage FX Pty Ltd (Vantage FX) in 2020, today Vantage FX is a member of Vantage Global Prime Pty Ltd, which holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).

Vantage FX is predominantly a MetaTrader broker offering the widely popular platform suite developed by MetaQuotes Software Corporation, which includes MetaTrader4 (MT4) and MetaTrader 5 (MT5). As an authorized representative of Vantage Global Prime, the broker caters to retail traders under the Vantage FX brand and offers access to 38 forex pairs, and 24 CFDs on global indices, energies, metals, and Bitcoin.

In addition, VantageFX offers the ChartIQ platform as well as myFxtrade and ZuluTrade for social copy trading (auto trading).

Is Vantage FX Safe?

Vantage FX is considered average-risk, with an overall Trust Score of 79 out of 99. Vantage FX is not publicly traded and does not operate a bank. Vantage FX is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). Vantage FX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

Feature Vantage FX
Year Founded 2009
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 2
Tier-2 Licenses 0
Tier-3 Licenses 1
Trust Score 79

Offering of Investments

The following table summarizes the different investment products available to Vantage FX clients.

Feature Vantage FX
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 38
CFDs – Total Offered 24
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

Regardless of the platforms used, the trading cost at Vantage FX depends on the account opened. Accounts include the commission-free Standard STP account and the commission-based Raw ECN account.

Vantage FX lists typical spreads of 1.4 pips on the EUR/USD in the Standard account. For its Raw ECN accounts, typical spreads are 0.1 pips with a commission of $3 added per side ($6 per round turn).

Overall, VantageFX’s pricing is just “ok,” falling mostly in line with the industry average.

Feature Vantage FX
Minimum Initial Deposit $100
Average Spread EUR/USD – Standard 1.4 (as of Jul 18)
All-in Cost EUR/USD – Active 0.7 (as of Jul 18)
Active Trader or VIP Discounts Yes

Customer Service

For our 2020 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.

Results:

  • Average Connection Time: 2-3 minutes
  • Average Net Promoter Score: 6.5/ 10
  • Average Professionalism Score: 3.6 / 10
  • Overall Score: 5.7 / 10
  • Ranking: 36 th (43 brokers)

Research

Vantage FX provides research in the form technical and fundamental analysis on its blog from in-house staff as well as guest writers.

There is also an economic calendar powered by MQL5 from MetaQuotes, and for clients who deposit at least $1,000, Vantage FX offers a suite of plugins for MT4 branded as MT4 SmartTrader Tools, developed by FX Blue LLP.

Although the broker’s scope of research resources is light, Vantage FX provides several social trading (auto trading) platforms to help self-directed investors find and analyze trading opportunities (more on that in the platform & tools section below). The broker also displays sentiment data for its top trading instruments based on live position data from its clients.

In 2020, Vantage FX added Trading Central as a provider of trading signals.

Although Vantage FX’s scope of research resources is light, it continues to make improvements each year. Overall, Vantage FX provides a research offering that meets industry standards. The broker finished 25th out of 43 brokers in our 2020 Review.

Feature Vantage FX
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

Platforms & Tools

Vantage FX is primarily a MetaTrader broker offering the standard, out-of-the-box MT4 platform experience, including MT4 web, and recently launched MetaTrader 5 (MT5). To learn more about MT4 and MT5, see our full see our full MetaTrader Guide.

While MT4 comes standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Vantage FX’s available MT4 platform setup and the default MetaTrader experience:

    • SmartTrader Tools developed by FX Blue LLP
    • News headlines stream from FxWire Pro and Reuters
    • MT4 web and MarketTrader (by ChartIQ) available
    • Available MT4 file wrapped in Windows emulator for MAC OS Installation

    As mentioned above, traders using MT4 web at Vantage FX also get access to the innovative ChartIQ web platform (branded as MarketTrader) as an alternative web platform to use with the MT4 account.

    ChartIQ is a highly responsive web-app built on HTML5 and has a smooth interface. Vantage Fx’s version of ChartIQ is known as MarketTrader and includes 100 indicators by default in its charting package.

    Lastly, in addition to MetaTrader and ChartIQ, Vantage FX also offers the ZuluTrade platform for social copy trading, as well as the myFXTrade auto trading platform.

    All in all, when it comes to Platforms & Tools, Vantage FX distinguishes itself from other MetaTrader-only brokers by offering a good range of additional add-ons and compatible 3rd party platforms.

    Feature Vantage FX
    Virtual Trading (Demo) Yes
    Proprietary Platform No
    Desktop Platform (Windows) Yes
    Web Platform Yes
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) Yes
    cTrader No
    Charting – Indicators / Studies (Total) 51
    Charting – Drawing Tools (Total) 31
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 7
    Order Type – Trailing Stop Yes

    Mobile Trading

    Since Vantage FX is a MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively. MT4 account holders at Vantage FX can also use the ChartIQ mobile app, branded as MarketTrader.

    Feature Vantage FX
    Android App Yes
    Apple iOS App Yes
    Trading – Forex Yes
    Trading – CFDs Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting – Indicators / Studies 30
    Charting – Draw Trend Lines Yes
    Charting – Trend Lines Moveable No
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar No

    Other Notes

    While many brokers will implement caps on various leverage thresholds available, usually by trade size, Vantage FX does so by account balances, with several restrictions that start on amounts as small as $5,000 and then $10,000, where max leverage is decreased.

    Vantage FX launched Bitcoin tradeable as a CFD in 2020, helping it cater to the growing demand for cryptocurrencies.

    Final Thoughts

    Vantage FX’s value proposition appears to be for retail traders with smaller deposits as the max leverage thresholds that quickly kick in would put off larger investors who need access to lower margin rates for high volume trading. The broker also distinguishes itself from other Metatrader brokers by offering additional platforms, including from ChartIQ and Zulutrade, helping to round out its offering.

    In terms of pricing, the broker’s commission-based Raw ECN account offering is the clear choice for cost-sensitive traders as it features a lower all-in cost compared to its Standard account offering, yet the firm’s rebate offering is not available on the Raw ECN account type as its pricing is inherently lower than the Standard account.

    Overall, unfortunately, Vantage FX trails many of its peers in the ever-competitive and evolving forex industry. The broker finished 39th out of 43 brokers in our 2020 Review.

    Methodology

    For our 2020 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on 140 variables. Learn more.

    Forex Risk Disclaimer

    “There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

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