VantageFX Broker Review

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Contents

VantageFX Review

VantageFX is an international Forex broker, that is licensed and regulated by ASIC Australia and CIMA in the Cayman Islands.

Owned and operated by Vantage Global Prime Pty Ltd, they are located at: Level 29, 31 Market Street, Sydney NSW 2000 Australia. Their phone numbers are: Australia toll free: 1300 945 517, UK: +44 208 036 3883, Canada: (888) 442-4106 and International: +61 2 8999 2044.

VantageFX Broker Review

Forex traders can use the MetaTrader 4 or the new and powerful, MetaTrader 5 (MT5) trading platform. You will find the desktop, web-trader and mobile trading apps. They have many solutions for managed accounts, automated trading, and signals. Social trading is offered via service providers like ZuluTrade and Myfxbook.

At Vantage FX, you can choose to trade with either ECN or STP execution depending on your needs, and the commissions and spreads adjust accordingly. Leverage offered goes as high as 500:1.

The minimum deposit for a Standard trading account is $200. Raw ECN account types require a $500 minimum deposit, and they have 0.0 spreads. Start trading with a Free Demo account, signup here.

Vantage FX Market Trader App

VantageFX License & Regulations

When investors research an online CFD broker, there are many factors they take into account. The main item that we look for to determine if a broker is a legitimate broker or a scam is, are they licensed and regulated by a financial regulatory agency?

  • Vantage Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC), with AFSL license number 428901.
  • Vantage Global Prime LLP is regulated by the FCA (Financial Conduct Authority) FRN 590299 in United Kingdom.
  • Vantage International Group Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

Trading with a broker that is licensed by ASIC is always going to be a wise choice. You know that your funds are secured, and that they follow the laws of Australia.

You can read more about licensed Forex brokers, see here.

VantageFX Account Types

Compare CFD Forex Brokers

There are hundreds of online brokers all competing for your business. Depending on your style of trading, you may like the offering of these brokers.

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BDSwiss is a European licensed broker with a good reputation. They have a nice trading platform in addition to the standard MT4.

A nice feature of this broker is their Telegram Channel, where analysts provide Real Time Trade Alerts, learn more.

If you are currently using this broker, please share your experience with other investors in the comment section below.

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.

    VantageFX.com Review Visit site

    May 2020: Despite being warned over a year ago, VantageFx appears to still be allowing Reza Mokhtarian to serve as an IB to the company. The FPA is very disappointed that VantageFx seems to be unconcerned about working with an accused criminal who has also been the subject of multiple regulator warnings.

    June-July 2020: Multiple suspicious and fake positive reviews submitted.

    2020-09-19: Vantage FX became a Corporate Authorised Representative of Enfinium Pty Ltd AFSL 322081

    Formerly a WL for GoMarkets

    ATTENTION: VantageFx.com is a forex broker. There is an unrelated company offering signals services at Vantage-Fx.com. You can read and submit reviews for the signals service company here.

    VantageFX.com is part of Vantage International Group Limited . Known members of this group include KlimexCM.com, VTMarkets.com.

    About VantageFX.com

    VantageFX is a forex broker. Vantage FX offers the MT4 and MT5 trading currency platforms. VantageFX.com offers over 45 currency pairs, cryptocurrencies including bitcoin, indices, gold, silver, commodities and cfds for your personal investment and trading options.

    • Information
    • Video
    • Live Discussion
    • 13 Widgets
    • More .

    Broker Details

    Minimum Trade Size: 0.01
    Maximum Leverage: 500:1
    Minimum to Open Live: $200
    Established: 2009
    Address: Level 29/31 Market Street, Sydney, NSW, 2000, Australia
    Contact: [email protected], 61289992046
    Regional offices:
    Regulators: ASIC #ACN157 768 566, AFSL 428901, CIMA #1383491, FCA #590299
    Prohibited countries:

    Yes

    Yes

    Yes

    Trading platforms: MT4, MT5
    Web Trading:
    Mobile Trading:
    ECN:
    Currencies: (45+)
    Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
    CFD: (135+) Gold, Silver, Stock Indexes, Oil, Other Commodities

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    EAs/Robots:
    News Spike Trading:
    Scalping:
    MAM:
    PAMM:
    ZuluTrade:
    Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay
    Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay

    Video

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    Live discussion

    Join live discussion of VantageFX.com on our forum

    Let other traders know if this service is worth checking or should be avoided.

    Your feedback matters!

    Consumer Reviews

    Service use: Other

    Hi dear brothers and sisters I would like to share about you my experience about vantage Fx Its biggest scam broker. because i never seen any broke like this secondly you never get back your money what ever reason or whatever proof you have i lost all my money that i am saved last 4 years the reason I lost my money was error from Vantage fx system i sent to them all proof i have but those people they are smart they never ever except there own mistakes always poor excuse please don’t lose your money to please stay away there is thousands broker and always use your own country broker who registered

    Service use: Live

    Length of use: Have not used

    I funded my account with some bitcoins !
    After a couple days Vantage fx suddenly took some money from my account whitout any notice .

    I’ve asked a few times why there was money from my account and they told me it was a reverced deposit ? So I asked where it wa send to .

    They claim it was a miscalculation and the correct this. They did this 2 times . again without any notice.

    When I want to chat about it . now they blocked me from the chat ?

    I feel like they have no intention of solving this !

    Hi there Frederob,

    I’m sorry to hear about your experience.

    I’ve looked into what happened, and the additional funds that were credited to your trading account were a result of an error in exchange rate calculations. When your deposit was processed, it was incorrectly credited in excess of your intended deposit. Once this was discovered, the surplus in affected accounts was deducted, bringing deposits received to the amount originally submitted. No clients are entitled to keep any surplus funds that are credited to their accounts as a result of a technical, or other error.

    We sent out an email notification and explanation to all affected clients on the 18th of March, however according to our database we can see that you had previously chosen to unsubscribe from our mailing list. Had you not have unsubscribed from our mailing list you would have been notified of the error just like the other few affected clients.

    Again, we apologise for any misunderstanding. Please don’t hesitate to contact our support team with any further queries or concerns.

    Service use: Live

    Length of use: over 1 Year

    VantageFX is a great broker! I’ve been trading with them going on 3 years now. No issues with withdrawals or deposits and my order executions are perfect every time. My trading style is long term, days and weeks long trades. I don’t scalp. Please take the time to carefully read their rules and policy and you can avoid many common issues. Last year during their transition to the islands… I was somewhat hesitant to go along. However, Daniel re-assured me that everything is going to be OK and so far things are working out. This broker has over 100 CFD options for you to trade. NAS100, CrudeOil, SP500, all major and minor currency pairs, Nikkei, Gold, Bitcoin, Apple, Cola, Amazon, etc.

    Nov 2, 2020 – 5 Stars This broker is reliable and I can definitely trust them with my money. They are regulated and always prompt to help me with my trading. They accept Credit/Debit deposits, this is something that many other brokers can’t do. If you are new trader, talk to Daniel, he will guide you with account setup and trading basics. A+++

    Service use: Other

    Length of use: Have not used

    I was thinking of opening an account with Vantage. On around 20 different occasions recently, I tried to contact them via their website chat function.

    On each occasion, immediately after I got through to their representative, the chat was abruptly ended from their end, advising they were to busy to respond, requesting that I email them or leave my message in the provided space in their chat window.

    On several occasions, I left my query but they failed to reply.

    From my experience, it’s impossible to contact these jokers via chat. Nor do they reply to messages that one leaves.

    Take your business elsewhere until they sort their incompetence out.

    We’re sorry to hear about your experience communicating with us via live chat. Unfortunately, during the period you were trying to contact us through live chat (11:35pm – 12:40am), we were receiving a high volume of new customer inquiries.

    I’ve had a look at the live chat transcripts, and to answer your question “Do we offer CFD over the NASDAQ?”, yes, we offer the NASDAQ Index CFD and a number of US Share CFDs, some of which are listed on the NASDAQ. For a full list of our US Share CFDs can please visit https://www.vantagefx.com/trading/products/us-share-cfds/, and for a list of our Indices CFDs please visit https://www.vantagefx.com/trading/products/indices/. We are also in the process of launching a number of UK and EU listed Share CFDs in the coming months, too.

    Again, we apologise that you were unable to get directly through to our support staff in a timely manner, however if you send an email to [email protected] and we will connect you directly to a staff member who will assist with any further questions or enquiries you may have.

    I hope we hear from you soon, and reconsider joining Vantage FX. Thank you for your constructive feedback, James.

    Service use: Live

    Length of use: 0-3 Months

    Vantage FX is such a Foreign exchange provider who only welcomes money-losing clients. Once it makes profits, the dishonest Vantage FX repudiates customers’ debts and closes accounts, and even refuses customers’ withdrawal requests.

    I opened my account at the end of this July and added funds on 07 August. And applied for withdrawal for three times . However, I received the email from Vantage FX saying I cant withdrawn and my account was closed without any substantive reason. In the past few weeks, no one contacted me,so I try to call them, and always told me everything Is fine and always told me my account managaer is not here .After I made a complaint to their Department of Customer Complaints, again no one was present to handled my complaints. So I made a complaint to AFCA regarding my issue with Vantage FX. Nevertheless, Vantage FX made storied and said that they never received any complaint from me. And vantage fx again played for time to make excuses that is quoting error And I did compare with the other major brokers, and all the price quote were the same at that time. I can definitely provide enough evidences while Vantage FX cannot give any substantive evidence, Vantage FX, should be severely punished and directly revoked license!

    After discussing the matter at length with you, we stand by our decision. As an ASIC regulated broker we have a strict dispute resolution process in place, the outcome of which you were unhappy with.

    Since referring the matter to AFCA, you have presented your side, and we have provided evidence supporting our decision. As the matter is currently under investigation, we are disappointed that you have chosen to post your grievance here in a public forum, especially prior to the matter being resolved.

    Regards,
    Vantage FX

    Service use: Live

    Length of use: 6-12 Months

    Service use: Live

    Length of use: 3-6 Months

    The “account manager” will email you randomly insisting to put in more and more money, even after a month or 2 when I’m making money.

    And he’ll personally message you promotions and irrelevant poo with no direct or easy way to unsubscribe.

    One of his messages was written as if he’s a slick, fruit cup bunny that spends in his time in the forexworld, only to disconnect for a couple minutes to “check up on you” and is curious of your strategy and so forth. JOKE

    Just a thought
    SG
    Steven Galt
    Wed 2020-06-05 10:25 PM
    I hope you have been well.

    I just wanted to ask the honest question if you have ever considered trading on a larger account balance?

    “I always step out of the world of trading for a few minutes every month to simply make sure you are still satisfied with the service and experience with Vantage. All feedback is taken on board to try and improve our offerings.

    I know a lot of people see the markets as a way to have a residual income. I know there are a lot of clients that use the markets to hedge their own commercial transactions ( remember you can have up to 500:1… it can be as low as 1:1).”

    Thanks Captain Obvious.

    We are very sorry about the circumstances surrounding your complaint and we appreciate you bringing this issue to our attention.

    We have taken appropriate disciplinary measures internally as a response to the conduct displayed by your account manager.

    Thank you again for bringing this to our attention. Our management team will contact your personally to discuss the incident further and seek that an appropriate resolution is met.

    Kind Regards,
    Vantage FX

    Service use: Live

    Length of use: over 1 Year

    Service use: Live

    Length of use: over 1 Year

    I have used Vantage for a few years now and as a team we are collectively using Vantage FX on our Trading Floor!

    The support we receive from our Account Manager Daniel K is incredible. He really goes out of his way, working extra hours to make sure we receive the attention we require!

    I can’t recommend Vantage and Daniel K in just a small amount of words!

    For anyone looking for a broker with reputation, credibility, small spreads and the best customer service I have received while being a Trader (9 years)

    – Please look no further than Vantage FX!

    Thanks again for the continued support and I am looking forward to continuing our relationship together.

    Service use: Live

    Length of use: 0-3 Months

    I’m filling a complain about my recent withdrawal from Vantage via wire transfer that has been rejected by my bank.

    I have NOT had a wire transfer rejected in my life!
    This is because Vantage FX did not wire my money correctly by stating the purpose of payment.

    I made the wire transfer on the 14/07/2020.
    The wire transfer was cancelled and returned to Vantage’s remitting Bank (National Australia Bank) on 17/07/2020.

    This issue has been ongoing for more than 1 week. Today is already 25/07/2020 and they still insist they have not received the money.

    I’ve opened up a SCAM ALERT thread.

    Hi there Clackro,

    We’re sorry to hear that you experienced delays with your withdrawal request and took to this forum to voice your grievance.

    However, the good news is that the error is not on our end and is a result of a small oversight when you completed your withdrawal request. It was found that your bank, HSBC Malaysia, rejected the transaction because they require a Purpose of Payment code, which you needed to include with your withdrawal request.

    As you are likely aware, a Purpose of Payment code is a mandatory requirement for transactions to Malaysian Banks, and unfortunately you didn’t provide one.

    I can confirm that we processed your withdrawal request promptly as per the information you provided, and that the transfer was initially settled with HSBC who held the funds for several days. However, HSBC Malaysia did not allocate them to your account due to the missing Purpose of Payment. HSBC then rejected the transaction and initiated a transfer back to National Australia Bank, taking a further several days.

    It is unfair that you have chosen to rate us with one star because you failed to provide all the information required by your bank in your withdrawal request. Vantage FX processed your transaction promptly according to the information that you provided. Had you provided the correct information in your request, funds would have been received as usual.

    We ask that you revise or remove this post and close your ‘Scam Alert’ thread, as this is a result of an error on your behalf, and is no fault of Vantage FX.

    Honest Vantage FX Broker Review 2020

    Table of Contents

    Review: Regulation: Spreads: Assets: Min. Deposit:
    (5 / 5) CIMA, ASIC 0.0 Pips 180+ 200$

    Today, the selection of online brokers is very large and it is difficult to find a trusted trading partner. Vantage FX is a well-known company from Australia, which also serves international customers, but is Vantage FX a good forex broker or not? – In this review, you can read about my personal experiences with the leveraged derivative broker. Find out about the conditions for traders and find out if it is really worthwhile to invest your money there.

    The official homepage of Vantage FX

    What is Vantage FX – The company presented

    Vantage FX is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company exists since 2009 and knows exactly how to respond to the wishes of its customers. The broker is based in Level 29, 31 Market Street, Sydney NSW 2000 Australia and accepts traders from almost every country.

    The company stands for transparent trading on the financial markets. Unfortunately, this can not be said of all brokers and is very difficult to recognize even for the beginner. The strengths of Vantage FX are transparent order execution and liquidity delivery. It is one of the few true ECN brokers. This means that the broker is connected to a network of large liquidity providers who accept the order of the traders. The liquidity providers are transparently visible on the homepage. Among them are large, well-known banks (HSBC, Bank of America, UBS and more).

    Facts about Vantage FX:

    • Australian Broker founded in 2009
    • International Broker which accept any clients
    • Transparent trading with leveraged derivates
    • Big liquidity providers
    • Real ECN orders and CFDs (Contract for Difference)

    Regulation and safety of the customer funds

    For secure online trading, broker regulation is required by most traders. It is very important that the company has an official license (through licensing / regulation) from a government agency to offer financial products. Official regulations are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules an immediate withdrawal of the regulation and license threatens. The regulation thus creates a very high degree of trust between the trader and the broker. Fraud can be completely ruled out with a completely regulated offerer to 99% completely.

    Overall, Vantage FX offers a very high level of security as the broker is not only regulated by the Australian regulator ASIC, Cayman Islands Monetary Authority CIMA but is also audited by KPMG (auditing firm). Every quarter, the security and administration of client funds are reviewed and corresponding financial reports are published. For Vantage FX, the security of client funds is very important and therefore there is also additional protection by liability insurance in the amount of 20 million USD.

    Client funds are kept with the National Australia Bank. This bank has the highest rating and a market capitalization of more than $ 93 billion. This is one of the safest banks in the world and, of course, client funds are kept separate from company funds. Compared to other brokers Vantage FX is one of the safest brokers in the world due to the aforementioned facts. No other company offers such security as Vantage FX through so many parts of the business.

    Vantage FX is one of the safest brokers:

    • Clients funds are held at one of the top 20 banks in the world
    • Vantage FX is audited by the auditors of KPMG
    • Regulation and licensed by the Australian regulator ASIC
    • Regulation and licensed by the Cayman Islands Monetary Authority
    • Liability insurance of over 20 million USD

    What are the conditions for Traders of Vantage FX?

    Overall, Vantage FX has more than 180 different markets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is very large and every trader should find his matching asset to trade. The broker is constantly striving to expand the offer and to implement new markets.

    Vantage FX also offers 3 different account models (STP, RAW ECN, and PRO ECN – more on that below). The leverage can be up to 1: 500 high for all accounts and the spreads start depending on the account model from 1.4 pips or 0.0 pips. The commission per traded 1 lot is either $ 3 or $ 2 high. This is from my experience a very small and cheap value. Vantage FX can be one of the cheapest forex brokers.

    There are 8 different base currencies available for the trading account and also an Islamic account version is adjustable. Incidentally, there are no hidden account maintenance fees. After my tests, the execution for trades at Vantage FX is sensational and happens directly without requotes. If you need an even faster connection, you can rent a VPS server. The support team will be happy to help. In summary, Vantage FX stands for a professional trading experience at low fees. The offer and the terms of the broker clearly exclude the competitors.

    Facts about the trading conditions:

    • Minimum deposit $ 200
    • Over 180 different markets
    • Several account models
    • Leverage 1:500
    • No account maintenance fees
    • Very cheap trading fees
    • Spreads starting at 0.000 Pips

    High leverage for European Traders | Avoid ESMA Regulation

    The new ESMA regulations mean that brokers in the EU can no longer lend high leverage to private traders. The maximum leverage for private traders in Europe is 1:30. As a result, many trading strategies are no longer feasible and trading is restricted by many traders. A way out of the new bureaucracy will provide brokers with a license and regulation outside Europe. Vantage FX is unaffected by ESMA regulation and offers all traders high leverage of 1: 500. Also, traders can trade under the ASIC or Cayman Island regulation.

    Test of the Vantage FX Trading Platform

    Like many other brokers, Vantage FX offers Metatrader 4 and 5 as a trading platform. This platform is available for every device. You can use your computer, browser or mobile device. The Metatrader has already been tested many times and is highly developed. He is one of the best trading platforms for traders. Our tests and experiences confirm this because we like to use the Metatrader ourself. In the following section, we will introduce you to the features and functions of the trading platform.

    The Metatrader is a user-friendly and customizable platform for beginners and advanced traders

    Charting and Analysis for successful trading

    For the charting, several ways of representation can be used. Also, additional add-ons or indicators can be added to improve the charting. The Metatrader will be installed with a wide range of standard indicators. These are usually sufficient for a detailed analysis. On request, however, self-programmed tools can also be added to the software. This is not a problem, because the Metatrader is very functional.

    There are enough drawing tools available for technical analysis. Whether horizontal or vertical lines. In this software, you will find everything you need to perform a professional analysis.

    Facts of the Metatrader 4/5:

    • Indicators for trend and reversal trading
    • Technical drawing tools
    • Install add-ons and tools for free
    • Multi-Charting
    • Very fast execution
    • User-friendly
    • Available for any device

    Mobile Trading für any device

    As mentioned above, the Metatrader is very compatible. You only need single access for each device. With your account data, you can log in to any device. Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone.

    Open your free account with Vantage FX

    Account opening is very easy with Vantage FX. Create your trading account in just a few steps. In the following section, we will guide you through the depot opening. After entering your personal data, the email address must be confirmed. In addition, the broker asks before the first deposit you to verify the account with appropriate documents.

    The verification is similar to any other broker as well. To do so, upload a photo of a proof of identity and proof of residence. The documents are usually confirmed under 24 hours (that’s how it was for me) and then all the functions of the trading account are available to you.

    Free and unlimited Demo Account

    A demo account is a virtual balance account. Traders can thus trade on real terms and simulate real money trading without risk. It is, so to speak, “play money” which can be invested. The demo account is great for testing new strategies or markets. Even beginners or new customers can first test the trading conditions and the offer of the broker. Vantage FX offers here a completely free demo account, which is also unlimited. You can use it indefinitely and recharge it at any time.

    The demo account is the best way to practice trading and improve investment results.

    The minimum deposit and review of transactions of customer funds

    Generally, the minimum deposit at Vantage FX is $ 200. From this amount, a Standard STP account can be opened. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is very simple and works through proven methods.

    Payment methods for the deposit:

    • Credit Cards (Visa, Mastercard, American Express)
    • Bankwire
    • Skrill
    • Neteller
    • FasaPay
    • Union Pay (China)

    The different account types for traders

    There are 3 different models available. The only difference is in the design and in the trading costs. Vantage FX offers extremely low fees, especially for higher deposits. Higher trading volume allows the broker to earn more money and give you better terms. The following table provides more information about the characteristics of the different account models:

    Standard STP RAW ECN PRO ECN
    Min. Deposit: 200$ 500$ 20.000$
    Execution: STP ECN ECN
    Spreads: 1.4 Pips + 0.0 Pips + 0.0 Pips +
    Commission: No 3$ per 1 traded Lot 3$ per 1 traded Lot

    No conflict of interest because of ECN

    Vantage FX is certainly not a market maker broker. This means that there is no conflict of interest between the broker and the trader. Some brokers only earn on the loss of traders and do not sell the orders to the markets. This is very untransparent in most cases. As you can see on the homepage of Vantage FX, there is high transparency. The broker is a true ECN broker (see Liquidity Provider) and only earns on spread and paid trades commissions. An interesting conflict can be excluded.

    Is there negative balance protection on Vantage FX?

    The stock market trading is risky and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, an obligation to make additional payments can hardly happen. The not available negative balance protection only shows that Vantage FX is a real ECN broker.

    Our personal withdrawal review

    With Vantage FX, you do not have to worry about paying out. The above-mentioned regulations and licenses make the broker a very safe trading partner. The payout works the same way as the deposit. Vantage FX handles payouts every working day at normal working hours. Within 24 hours, the payout should be done during the week.

    Another advantage of the broker is that there are no fees on the payout. However, there may be fees from your personal bank when making an international transfer. In summary, the payout with this broker works smoothly and is also free. Another plus for Vantage FX.

    Facts about the withdrawal:

    • Payout within max. 3 days
    • No withdrawal fees
    • Within the week, the payouts are processed under 24 hours

    Vantage FX Support and Service for Traders

    To allow a final verdict, the support and service for traders must also be tested. Trusted support is essential for most traders. It is also important that you can close positions externally by phone or chat in emergency situations. Vantage FX offers comprehensive support via phone, chat or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

    Unfortunately, support is only available in English. The website has been translated into German, Chinese, Indonesia, and more. The support is in English and other languages are missing, but you can not expect every supported language from an Australian broker. From our experience, support for Vantage FX is lightning fast. Especially over the chat, you get a very fast service.

    Also, the training for traders is available on the platform. Every day, analyzes are published and even webinars are held. The broker offers a complete package for the beginner or advanced trader. Another advantage is the support of the use of Teamviewer. In case of major problems, the support can access your computer via external software (Teamviewer). This service is a real selling point of Vantage FX. Overall, the support is doing very well for me. The service shows high professionalism and speed.

    The service of Vantage FX:

    • Support 24/5
    • Phone, Chat, and Email
    • 1 on 1 service and support
    • Analysis and education center

    Conclusion of the Vantage FX Review – Trusted Forex Broker or not?

    In summary, Vantage FX is among the best brokers on Earth. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.

    The broker offers you the options you need for professional trading. From my experience, there are no disadvantages here except the language barrier English. Vantage FX stands for a reputable and trustworthy broker with a large and favorable trade offer for international traders.

    If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.

    The advantages of Vantage FX:

    • Regulated and safe Forex Broker
    • Real ECN Trading
    • The best trading conditions for Forex
    • Very fast execution
    • Reliable support and service
    • No hidden fees

    From us, the broker gets a very good rating, because he excludes by its offer and the trading conditions to 100% other providers. (5 / 5)

    VantageFX Broker Review

    Overview/ background

    Vantage FX is one of the leading providers of Forex trading services in Australia. Clients can enjoy lightning-fast trades on MetaTrader 4 and MetaTrader 5. Vantage FX is renowned for its wide range of Forex trading services. At the time of writing, this online brokerage offered 40+ Forex pairs, including major pairs, minor pairs and exotic currency pairs. Clients can enjoy deep liquidity and trades with spreads from as little as 0.0 pips.

    Popular currency pairs include EUR/USD, AUD/USD, GBP/USD, and USD/JPY. Additional benefits for Forex traders include high leverage (500:1). The no dealing desk accounts at Vantage FX offer full transparency of services in a global network of FX trades. There are 2 unique account types available to traders including ECN accounts and RAW accounts. Over three dozen currency pairs are available from Monday through Friday across multiple Forex markets.

    Account Types

    There are two primary account types at Vantage FX. These include the Live Account, and the Demo Account. FX traders can open a live account in under 5 minutes, by submitting a few details such as: first name, last name, telephone number, email and individual/company, trust or self-managed Super fund. Further details are required, followed by verification of data. The FX demo account also requires a registration, but once you have entered your account details, you can be up and running.

    Trading Platform/ software

    Vantage FX provides multiple software platforms for Forex traders. These include MetaTrader 4 and MetaTrader 5. MetaTrader is also available for Mac. Several other options are also available such as MarketTrader, WebTrader, Mobile Trading Apps, MAM/PAMM, ZuluTrade, and MyFXBook AutoTrade. These trading platforms and the software that they run on are geared towards lightning-fast trades, stability, and maximum functionality. Among the many benefits of using this software are the following:

    • Tight spreads on Forex pairs
    • Dozens of FX trading options (major, minor and exotic pairs)
    • Full mobile functionality for Android smartphones and tablets, as well as iOS devices
    • Wide range of trading tools including complimentary FX VPS, EAs, economic calendars, Forex signals, MT4 indicators, FX sentiment indicators, Pysquation, and more.

    Deposit options

    Deposit options at Vantage FX include a number of credit cards, debit cards, bank wire transfer methods and e-wallets. Popular options include: Bank Wire Transfer: Australia, Bank Wire Transfer: International Swift, Visa, MasterCard, BPAY, POLi, Skrill, NETELLER, and Broker to Broker Transfer. Deposit options are available in multiple currencies including: AUD, NZD, USD, SGD, EUR, JPY, and GBP.

    Markets

    Besides FX currency pairs, multiple other markets are currently supported including indices trading, commodities trading and cryptocurrency trading. The following financial instruments are available under each category:

    Forex trading – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/SGD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/JPY, NZD/USD, USD/CAD, USD/SGD, USD/NOK, USD/CNH, USD/CHF and many others.

    Indices trading – SPA200 DAX30, SP500, FTSE 100, ASX S&P 200, China A50, Hang Seng Index, NASDAQ 100 and others.

    Commodities – gold, silver, oil, natural gas, and soft commodities.

    Cryptocurrencies – Bitcoin (BTC)

    Bonuses

    There are 8 Forex promotional offers available at Vantage FX. These include:

    • MT4 indicators
    • 88% cash bonus
    • FX rebates
    • Smart Trader Tools
    • Free Forex VPS
    • Psyquation Training
    • Email FX Signals
    • MarketTrader Forex Signals

    Vantage FX offers multiple other promotional offers including a $100 friend referral bonus, the Kaizen $1,000 credit rebate promotion, the $500 survey promotion, and others. Details of these promotional offers are available via the promo page.

    Customer Support

    By clicking on the ‘Contact Us’ button, traders can easily get in touch with Vantage FX support. The following contact information is available:

    • VFX Clients telephone number for Australia 1 300 945 517
    • VFX Clients telephone number for international clients +61 28999 2044
    • New clients can contact support via telephone at +61289992046, or email [email protected]
    • Head Office – Vantage FX PTY LTD, AC and 140903886, AFS license #428901
    • Melbourne office – telephone +61390933460
    • Social Media – Facebook, Twitter, LinkedIn, G + and YouTube

    Vantage FX support representatives work hard to respond to trader queries in a timely fashion. Live chat functionality is an effective way to contact customer support as an existing client, or for general inquiries. Live chat is powered by ZenDesk.

    Safety

    Multiple safety protocols are in place to protect clients. These include segregated bank accounts (client funds are kept separate from company funds with National Australia Bank), ASIC regulation, MT4 and MT5 trading platforms, KPMG audit services, indemnity insurance, full transparency, and PWC accounting services. Vantage FX does not offer dealing desk execution, and Vantage FX does not offer requotes.

    Ease of Use

    Vantage FX offers forex traders complete transparency in all dealings. Besides FX trading, there are multiple other assets to trade include commodities, cryptocurrency, indices and more. Each category of financial instruments is listed clearly on site, and drop-down menus make it easy to use this broker. Multiple tools are provided, including a comprehensive education section for newbies and established traders. The presence of a demo account is a great way to learn to trade online, before you switch to a real money account.

    Final Thoughts

    Vantage FX offers MT4 and MT5 for Mac, PC, and mobile access to the currency markets. These world-class trading platforms are the gold standard in the FX industry. Vantage FX is easy to use, and there are plenty of bonuses and promotional offers to keep clients happy.

    VantageFX Review

    VantageFX is an international Forex broker, that is licensed and regulated by ASIC Australia and CIMA in the Cayman Islands.

    Owned and operated by Vantage Global Prime Pty Ltd, they are located at: Level 29, 31 Market Street, Sydney NSW 2000 Australia. Their phone numbers are: Australia toll free: 1300 945 517, UK: +44 208 036 3883, Canada: (888) 442-4106 and International: +61 2 8999 2044.

    VantageFX Broker Review

    Forex traders can use the MetaTrader 4 or the new and powerful, MetaTrader 5 (MT5) trading platform. You will find the desktop, web-trader and mobile trading apps. They have many solutions for managed accounts, automated trading, and signals. Social trading is offered via service providers like ZuluTrade and Myfxbook.

    At Vantage FX, you can choose to trade with either ECN or STP execution depending on your needs, and the commissions and spreads adjust accordingly. Leverage offered goes as high as 500:1.

    The minimum deposit for a Standard trading account is $200. Raw ECN account types require a $500 minimum deposit, and they have 0.0 spreads. Start trading with a Free Demo account, signup here.

    Vantage FX Market Trader App

    VantageFX License & Regulations

    When investors research an online CFD broker, there are many factors they take into account. The main item that we look for to determine if a broker is a legitimate broker or a scam is, are they licensed and regulated by a financial regulatory agency?

    • Vantage Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC), with AFSL license number 428901.
    • Vantage Global Prime LLP is regulated by the FCA (Financial Conduct Authority) FRN 590299 in United Kingdom.
    • Vantage International Group Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

    Trading with a broker that is licensed by ASIC is always going to be a wise choice. You know that your funds are secured, and that they follow the laws of Australia.

    You can read more about licensed Forex brokers, see here.

    VantageFX Account Types

    Compare CFD Forex Brokers

    There are hundreds of online brokers all competing for your business. Depending on your style of trading, you may like the offering of these brokers.

    BDSwiss is a European licensed broker with a good reputation. They have a nice trading platform in addition to the standard MT4.

    A nice feature of this broker is their Telegram Channel, where analysts provide Real Time Trade Alerts, learn more.

    If you are currently using this broker, please share your experience with other investors in the comment section below.

    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.

      VantageFX.com Review Visit site

      May 2020: Despite being warned over a year ago, VantageFx appears to still be allowing Reza Mokhtarian to serve as an IB to the company. The FPA is very disappointed that VantageFx seems to be unconcerned about working with an accused criminal who has also been the subject of multiple regulator warnings.

      June-July 2020: Multiple suspicious and fake positive reviews submitted.

      2020-09-19: Vantage FX became a Corporate Authorised Representative of Enfinium Pty Ltd AFSL 322081

      Formerly a WL for GoMarkets

      ATTENTION: VantageFx.com is a forex broker. There is an unrelated company offering signals services at Vantage-Fx.com. You can read and submit reviews for the signals service company here.

      VantageFX.com is part of Vantage International Group Limited . Known members of this group include KlimexCM.com, VTMarkets.com.

      About VantageFX.com

      VantageFX is a forex broker. Vantage FX offers the MT4 and MT5 trading currency platforms. VantageFX.com offers over 45 currency pairs, cryptocurrencies including bitcoin, indices, gold, silver, commodities and cfds for your personal investment and trading options.

      • Information
      • Video
      • Live Discussion
      • 13 Widgets
      • More .

      Broker Details

      Minimum Trade Size: 0.01
      Maximum Leverage: 500:1
      Minimum to Open Live: $200
      Established: 2009
      Address: Level 29/31 Market Street, Sydney, NSW, 2000, Australia
      Contact: [email protected], 61289992046
      Regional offices:
      Regulators: ASIC #ACN157 768 566, AFSL 428901, CIMA #1383491, FCA #590299
      Prohibited countries:

      Yes

      Yes

      Yes

      Trading platforms: MT4, MT5
      Web Trading:
      Mobile Trading:
      ECN:
      Currencies: (45+)
      Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
      CFD: (135+) Gold, Silver, Stock Indexes, Oil, Other Commodities

      Yes

      Yes

      Yes

      Yes

      Yes

      Yes

      EAs/Robots:
      News Spike Trading:
      Scalping:
      MAM:
      PAMM:
      ZuluTrade:
      Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay
      Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay

      Video

      Your company video here? Contact ad sales

      Live discussion

      Join live discussion of VantageFX.com on our forum

      Let other traders know if this service is worth checking or should be avoided.

      Your feedback matters!

      Consumer Reviews

      Service use: Other

      Hi dear brothers and sisters I would like to share about you my experience about vantage Fx Its biggest scam broker. because i never seen any broke like this secondly you never get back your money what ever reason or whatever proof you have i lost all my money that i am saved last 4 years the reason I lost my money was error from Vantage fx system i sent to them all proof i have but those people they are smart they never ever except there own mistakes always poor excuse please don’t lose your money to please stay away there is thousands broker and always use your own country broker who registered

      Service use: Live

      Length of use: Have not used

      I funded my account with some bitcoins !
      After a couple days Vantage fx suddenly took some money from my account whitout any notice .

      I’ve asked a few times why there was money from my account and they told me it was a reverced deposit ? So I asked where it wa send to .

      They claim it was a miscalculation and the correct this. They did this 2 times . again without any notice.

      When I want to chat about it . now they blocked me from the chat ?

      I feel like they have no intention of solving this !

      Hi there Frederob,

      I’m sorry to hear about your experience.

      I’ve looked into what happened, and the additional funds that were credited to your trading account were a result of an error in exchange rate calculations. When your deposit was processed, it was incorrectly credited in excess of your intended deposit. Once this was discovered, the surplus in affected accounts was deducted, bringing deposits received to the amount originally submitted. No clients are entitled to keep any surplus funds that are credited to their accounts as a result of a technical, or other error.

      We sent out an email notification and explanation to all affected clients on the 18th of March, however according to our database we can see that you had previously chosen to unsubscribe from our mailing list. Had you not have unsubscribed from our mailing list you would have been notified of the error just like the other few affected clients.

      Again, we apologise for any misunderstanding. Please don’t hesitate to contact our support team with any further queries or concerns.

      Service use: Live

      Length of use: over 1 Year

      VantageFX is a great broker! I’ve been trading with them going on 3 years now. No issues with withdrawals or deposits and my order executions are perfect every time. My trading style is long term, days and weeks long trades. I don’t scalp. Please take the time to carefully read their rules and policy and you can avoid many common issues. Last year during their transition to the islands… I was somewhat hesitant to go along. However, Daniel re-assured me that everything is going to be OK and so far things are working out. This broker has over 100 CFD options for you to trade. NAS100, CrudeOil, SP500, all major and minor currency pairs, Nikkei, Gold, Bitcoin, Apple, Cola, Amazon, etc.

      Nov 2, 2020 – 5 Stars This broker is reliable and I can definitely trust them with my money. They are regulated and always prompt to help me with my trading. They accept Credit/Debit deposits, this is something that many other brokers can’t do. If you are new trader, talk to Daniel, he will guide you with account setup and trading basics. A+++

      Service use: Other

      Length of use: Have not used

      I was thinking of opening an account with Vantage. On around 20 different occasions recently, I tried to contact them via their website chat function.

      On each occasion, immediately after I got through to their representative, the chat was abruptly ended from their end, advising they were to busy to respond, requesting that I email them or leave my message in the provided space in their chat window.

      On several occasions, I left my query but they failed to reply.

      From my experience, it’s impossible to contact these jokers via chat. Nor do they reply to messages that one leaves.

      Take your business elsewhere until they sort their incompetence out.

      We’re sorry to hear about your experience communicating with us via live chat. Unfortunately, during the period you were trying to contact us through live chat (11:35pm – 12:40am), we were receiving a high volume of new customer inquiries.

      I’ve had a look at the live chat transcripts, and to answer your question “Do we offer CFD over the NASDAQ?”, yes, we offer the NASDAQ Index CFD and a number of US Share CFDs, some of which are listed on the NASDAQ. For a full list of our US Share CFDs can please visit https://www.vantagefx.com/trading/products/us-share-cfds/, and for a list of our Indices CFDs please visit https://www.vantagefx.com/trading/products/indices/. We are also in the process of launching a number of UK and EU listed Share CFDs in the coming months, too.

      Again, we apologise that you were unable to get directly through to our support staff in a timely manner, however if you send an email to [email protected] and we will connect you directly to a staff member who will assist with any further questions or enquiries you may have.

      I hope we hear from you soon, and reconsider joining Vantage FX. Thank you for your constructive feedback, James.

      Service use: Live

      Length of use: 0-3 Months

      Vantage FX is such a Foreign exchange provider who only welcomes money-losing clients. Once it makes profits, the dishonest Vantage FX repudiates customers’ debts and closes accounts, and even refuses customers’ withdrawal requests.

      I opened my account at the end of this July and added funds on 07 August. And applied for withdrawal for three times . However, I received the email from Vantage FX saying I cant withdrawn and my account was closed without any substantive reason. In the past few weeks, no one contacted me,so I try to call them, and always told me everything Is fine and always told me my account managaer is not here .After I made a complaint to their Department of Customer Complaints, again no one was present to handled my complaints. So I made a complaint to AFCA regarding my issue with Vantage FX. Nevertheless, Vantage FX made storied and said that they never received any complaint from me. And vantage fx again played for time to make excuses that is quoting error And I did compare with the other major brokers, and all the price quote were the same at that time. I can definitely provide enough evidences while Vantage FX cannot give any substantive evidence, Vantage FX, should be severely punished and directly revoked license!

      After discussing the matter at length with you, we stand by our decision. As an ASIC regulated broker we have a strict dispute resolution process in place, the outcome of which you were unhappy with.

      Since referring the matter to AFCA, you have presented your side, and we have provided evidence supporting our decision. As the matter is currently under investigation, we are disappointed that you have chosen to post your grievance here in a public forum, especially prior to the matter being resolved.

      Regards,
      Vantage FX

      Service use: Live

      Length of use: 6-12 Months

      Service use: Live

      Length of use: 3-6 Months

      The “account manager” will email you randomly insisting to put in more and more money, even after a month or 2 when I’m making money.

      And he’ll personally message you promotions and irrelevant poo with no direct or easy way to unsubscribe.

      One of his messages was written as if he’s a slick, fruit cup bunny that spends in his time in the forexworld, only to disconnect for a couple minutes to “check up on you” and is curious of your strategy and so forth. JOKE

      Just a thought
      SG
      Steven Galt
      Wed 2020-06-05 10:25 PM
      I hope you have been well.

      I just wanted to ask the honest question if you have ever considered trading on a larger account balance?

      “I always step out of the world of trading for a few minutes every month to simply make sure you are still satisfied with the service and experience with Vantage. All feedback is taken on board to try and improve our offerings.

      I know a lot of people see the markets as a way to have a residual income. I know there are a lot of clients that use the markets to hedge their own commercial transactions ( remember you can have up to 500:1… it can be as low as 1:1).”

      Thanks Captain Obvious.

      We are very sorry about the circumstances surrounding your complaint and we appreciate you bringing this issue to our attention.

      We have taken appropriate disciplinary measures internally as a response to the conduct displayed by your account manager.

      Thank you again for bringing this to our attention. Our management team will contact your personally to discuss the incident further and seek that an appropriate resolution is met.

      Kind Regards,
      Vantage FX

      Service use: Live

      Length of use: over 1 Year

      Service use: Live

      Length of use: over 1 Year

      I have used Vantage for a few years now and as a team we are collectively using Vantage FX on our Trading Floor!

      The support we receive from our Account Manager Daniel K is incredible. He really goes out of his way, working extra hours to make sure we receive the attention we require!

      I can’t recommend Vantage and Daniel K in just a small amount of words!

      For anyone looking for a broker with reputation, credibility, small spreads and the best customer service I have received while being a Trader (9 years)

      – Please look no further than Vantage FX!

      Thanks again for the continued support and I am looking forward to continuing our relationship together.

      Service use: Live

      Length of use: 0-3 Months

      I’m filling a complain about my recent withdrawal from Vantage via wire transfer that has been rejected by my bank.

      I have NOT had a wire transfer rejected in my life!
      This is because Vantage FX did not wire my money correctly by stating the purpose of payment.

      I made the wire transfer on the 14/07/2020.
      The wire transfer was cancelled and returned to Vantage’s remitting Bank (National Australia Bank) on 17/07/2020.

      This issue has been ongoing for more than 1 week. Today is already 25/07/2020 and they still insist they have not received the money.

      I’ve opened up a SCAM ALERT thread.

      Hi there Clackro,

      We’re sorry to hear that you experienced delays with your withdrawal request and took to this forum to voice your grievance.

      However, the good news is that the error is not on our end and is a result of a small oversight when you completed your withdrawal request. It was found that your bank, HSBC Malaysia, rejected the transaction because they require a Purpose of Payment code, which you needed to include with your withdrawal request.

      As you are likely aware, a Purpose of Payment code is a mandatory requirement for transactions to Malaysian Banks, and unfortunately you didn’t provide one.

      I can confirm that we processed your withdrawal request promptly as per the information you provided, and that the transfer was initially settled with HSBC who held the funds for several days. However, HSBC Malaysia did not allocate them to your account due to the missing Purpose of Payment. HSBC then rejected the transaction and initiated a transfer back to National Australia Bank, taking a further several days.

      It is unfair that you have chosen to rate us with one star because you failed to provide all the information required by your bank in your withdrawal request. Vantage FX processed your transaction promptly according to the information that you provided. Had you provided the correct information in your request, funds would have been received as usual.

      We ask that you revise or remove this post and close your ‘Scam Alert’ thread, as this is a result of an error on your behalf, and is no fault of Vantage FX.

      Honest Vantage FX Broker Review 2020

      Table of Contents

      Review: Regulation: Spreads: Assets: Min. Deposit:
      (5 / 5) CIMA, ASIC 0.0 Pips 180+ 200$

      Today, the selection of online brokers is very large and it is difficult to find a trusted trading partner. Vantage FX is a well-known company from Australia, which also serves international customers, but is Vantage FX a good forex broker or not? – In this review, you can read about my personal experiences with the leveraged derivative broker. Find out about the conditions for traders and find out if it is really worthwhile to invest your money there.

      The official homepage of Vantage FX

      What is Vantage FX – The company presented

      Vantage FX is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company exists since 2009 and knows exactly how to respond to the wishes of its customers. The broker is based in Level 29, 31 Market Street, Sydney NSW 2000 Australia and accepts traders from almost every country.

      The company stands for transparent trading on the financial markets. Unfortunately, this can not be said of all brokers and is very difficult to recognize even for the beginner. The strengths of Vantage FX are transparent order execution and liquidity delivery. It is one of the few true ECN brokers. This means that the broker is connected to a network of large liquidity providers who accept the order of the traders. The liquidity providers are transparently visible on the homepage. Among them are large, well-known banks (HSBC, Bank of America, UBS and more).

      Facts about Vantage FX:

      • Australian Broker founded in 2009
      • International Broker which accept any clients
      • Transparent trading with leveraged derivates
      • Big liquidity providers
      • Real ECN orders and CFDs (Contract for Difference)

      Regulation and safety of the customer funds

      For secure online trading, broker regulation is required by most traders. It is very important that the company has an official license (through licensing / regulation) from a government agency to offer financial products. Official regulations are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules an immediate withdrawal of the regulation and license threatens. The regulation thus creates a very high degree of trust between the trader and the broker. Fraud can be completely ruled out with a completely regulated offerer to 99% completely.

      Overall, Vantage FX offers a very high level of security as the broker is not only regulated by the Australian regulator ASIC, Cayman Islands Monetary Authority CIMA but is also audited by KPMG (auditing firm). Every quarter, the security and administration of client funds are reviewed and corresponding financial reports are published. For Vantage FX, the security of client funds is very important and therefore there is also additional protection by liability insurance in the amount of 20 million USD.

      Client funds are kept with the National Australia Bank. This bank has the highest rating and a market capitalization of more than $ 93 billion. This is one of the safest banks in the world and, of course, client funds are kept separate from company funds. Compared to other brokers Vantage FX is one of the safest brokers in the world due to the aforementioned facts. No other company offers such security as Vantage FX through so many parts of the business.

      Vantage FX is one of the safest brokers:

      • Clients funds are held at one of the top 20 banks in the world
      • Vantage FX is audited by the auditors of KPMG
      • Regulation and licensed by the Australian regulator ASIC
      • Regulation and licensed by the Cayman Islands Monetary Authority
      • Liability insurance of over 20 million USD

      What are the conditions for Traders of Vantage FX?

      Overall, Vantage FX has more than 180 different markets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is very large and every trader should find his matching asset to trade. The broker is constantly striving to expand the offer and to implement new markets.

      Vantage FX also offers 3 different account models (STP, RAW ECN, and PRO ECN – more on that below). The leverage can be up to 1: 500 high for all accounts and the spreads start depending on the account model from 1.4 pips or 0.0 pips. The commission per traded 1 lot is either $ 3 or $ 2 high. This is from my experience a very small and cheap value. Vantage FX can be one of the cheapest forex brokers.

      There are 8 different base currencies available for the trading account and also an Islamic account version is adjustable. Incidentally, there are no hidden account maintenance fees. After my tests, the execution for trades at Vantage FX is sensational and happens directly without requotes. If you need an even faster connection, you can rent a VPS server. The support team will be happy to help. In summary, Vantage FX stands for a professional trading experience at low fees. The offer and the terms of the broker clearly exclude the competitors.

      Facts about the trading conditions:

      • Minimum deposit $ 200
      • Over 180 different markets
      • Several account models
      • Leverage 1:500
      • No account maintenance fees
      • Very cheap trading fees
      • Spreads starting at 0.000 Pips

      High leverage for European Traders | Avoid ESMA Regulation

      The new ESMA regulations mean that brokers in the EU can no longer lend high leverage to private traders. The maximum leverage for private traders in Europe is 1:30. As a result, many trading strategies are no longer feasible and trading is restricted by many traders. A way out of the new bureaucracy will provide brokers with a license and regulation outside Europe. Vantage FX is unaffected by ESMA regulation and offers all traders high leverage of 1: 500. Also, traders can trade under the ASIC or Cayman Island regulation.

      Test of the Vantage FX Trading Platform

      Like many other brokers, Vantage FX offers Metatrader 4 and 5 as a trading platform. This platform is available for every device. You can use your computer, browser or mobile device. The Metatrader has already been tested many times and is highly developed. He is one of the best trading platforms for traders. Our tests and experiences confirm this because we like to use the Metatrader ourself. In the following section, we will introduce you to the features and functions of the trading platform.

      The Metatrader is a user-friendly and customizable platform for beginners and advanced traders

      Charting and Analysis for successful trading

      For the charting, several ways of representation can be used. Also, additional add-ons or indicators can be added to improve the charting. The Metatrader will be installed with a wide range of standard indicators. These are usually sufficient for a detailed analysis. On request, however, self-programmed tools can also be added to the software. This is not a problem, because the Metatrader is very functional.

      There are enough drawing tools available for technical analysis. Whether horizontal or vertical lines. In this software, you will find everything you need to perform a professional analysis.

      Facts of the Metatrader 4/5:

      • Indicators for trend and reversal trading
      • Technical drawing tools
      • Install add-ons and tools for free
      • Multi-Charting
      • Very fast execution
      • User-friendly
      • Available for any device

      Mobile Trading für any device

      As mentioned above, the Metatrader is very compatible. You only need single access for each device. With your account data, you can log in to any device. Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone.

      Open your free account with Vantage FX

      Account opening is very easy with Vantage FX. Create your trading account in just a few steps. In the following section, we will guide you through the depot opening. After entering your personal data, the email address must be confirmed. In addition, the broker asks before the first deposit you to verify the account with appropriate documents.

      The verification is similar to any other broker as well. To do so, upload a photo of a proof of identity and proof of residence. The documents are usually confirmed under 24 hours (that’s how it was for me) and then all the functions of the trading account are available to you.

      Free and unlimited Demo Account

      A demo account is a virtual balance account. Traders can thus trade on real terms and simulate real money trading without risk. It is, so to speak, “play money” which can be invested. The demo account is great for testing new strategies or markets. Even beginners or new customers can first test the trading conditions and the offer of the broker. Vantage FX offers here a completely free demo account, which is also unlimited. You can use it indefinitely and recharge it at any time.

      The demo account is the best way to practice trading and improve investment results.

      The minimum deposit and review of transactions of customer funds

      Generally, the minimum deposit at Vantage FX is $ 200. From this amount, a Standard STP account can be opened. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is very simple and works through proven methods.

      Payment methods for the deposit:

      • Credit Cards (Visa, Mastercard, American Express)
      • Bankwire
      • Skrill
      • Neteller
      • FasaPay
      • Union Pay (China)

      The different account types for traders

      There are 3 different models available. The only difference is in the design and in the trading costs. Vantage FX offers extremely low fees, especially for higher deposits. Higher trading volume allows the broker to earn more money and give you better terms. The following table provides more information about the characteristics of the different account models:

      Standard STP RAW ECN PRO ECN
      Min. Deposit: 200$ 500$ 20.000$
      Execution: STP ECN ECN
      Spreads: 1.4 Pips + 0.0 Pips + 0.0 Pips +
      Commission: No 3$ per 1 traded Lot 3$ per 1 traded Lot

      No conflict of interest because of ECN

      Vantage FX is certainly not a market maker broker. This means that there is no conflict of interest between the broker and the trader. Some brokers only earn on the loss of traders and do not sell the orders to the markets. This is very untransparent in most cases. As you can see on the homepage of Vantage FX, there is high transparency. The broker is a true ECN broker (see Liquidity Provider) and only earns on spread and paid trades commissions. An interesting conflict can be excluded.

      Is there negative balance protection on Vantage FX?

      The stock market trading is risky and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, an obligation to make additional payments can hardly happen. The not available negative balance protection only shows that Vantage FX is a real ECN broker.

      Our personal withdrawal review

      With Vantage FX, you do not have to worry about paying out. The above-mentioned regulations and licenses make the broker a very safe trading partner. The payout works the same way as the deposit. Vantage FX handles payouts every working day at normal working hours. Within 24 hours, the payout should be done during the week.

      Another advantage of the broker is that there are no fees on the payout. However, there may be fees from your personal bank when making an international transfer. In summary, the payout with this broker works smoothly and is also free. Another plus for Vantage FX.

      Facts about the withdrawal:

      • Payout within max. 3 days
      • No withdrawal fees
      • Within the week, the payouts are processed under 24 hours

      Vantage FX Support and Service for Traders

      To allow a final verdict, the support and service for traders must also be tested. Trusted support is essential for most traders. It is also important that you can close positions externally by phone or chat in emergency situations. Vantage FX offers comprehensive support via phone, chat or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

      Unfortunately, support is only available in English. The website has been translated into German, Chinese, Indonesia, and more. The support is in English and other languages are missing, but you can not expect every supported language from an Australian broker. From our experience, support for Vantage FX is lightning fast. Especially over the chat, you get a very fast service.

      Also, the training for traders is available on the platform. Every day, analyzes are published and even webinars are held. The broker offers a complete package for the beginner or advanced trader. Another advantage is the support of the use of Teamviewer. In case of major problems, the support can access your computer via external software (Teamviewer). This service is a real selling point of Vantage FX. Overall, the support is doing very well for me. The service shows high professionalism and speed.

      The service of Vantage FX:

      • Support 24/5
      • Phone, Chat, and Email
      • 1 on 1 service and support
      • Analysis and education center

      Conclusion of the Vantage FX Review – Trusted Forex Broker or not?

      In summary, Vantage FX is among the best brokers on Earth. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.

      The broker offers you the options you need for professional trading. From my experience, there are no disadvantages here except the language barrier English. Vantage FX stands for a reputable and trustworthy broker with a large and favorable trade offer for international traders.

      If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.

      The advantages of Vantage FX:

      • Regulated and safe Forex Broker
      • Real ECN Trading
      • The best trading conditions for Forex
      • Very fast execution
      • Reliable support and service
      • No hidden fees

      From us, the broker gets a very good rating, because he excludes by its offer and the trading conditions to 100% other providers. (5 / 5)

      VantageFX Broker Review

      Overview/ background

      Vantage FX is one of the leading providers of Forex trading services in Australia. Clients can enjoy lightning-fast trades on MetaTrader 4 and MetaTrader 5. Vantage FX is renowned for its wide range of Forex trading services. At the time of writing, this online brokerage offered 40+ Forex pairs, including major pairs, minor pairs and exotic currency pairs. Clients can enjoy deep liquidity and trades with spreads from as little as 0.0 pips.

      Popular currency pairs include EUR/USD, AUD/USD, GBP/USD, and USD/JPY. Additional benefits for Forex traders include high leverage (500:1). The no dealing desk accounts at Vantage FX offer full transparency of services in a global network of FX trades. There are 2 unique account types available to traders including ECN accounts and RAW accounts. Over three dozen currency pairs are available from Monday through Friday across multiple Forex markets.

      Account Types

      There are two primary account types at Vantage FX. These include the Live Account, and the Demo Account. FX traders can open a live account in under 5 minutes, by submitting a few details such as: first name, last name, telephone number, email and individual/company, trust or self-managed Super fund. Further details are required, followed by verification of data. The FX demo account also requires a registration, but once you have entered your account details, you can be up and running.

      Trading Platform/ software

      Vantage FX provides multiple software platforms for Forex traders. These include MetaTrader 4 and MetaTrader 5. MetaTrader is also available for Mac. Several other options are also available such as MarketTrader, WebTrader, Mobile Trading Apps, MAM/PAMM, ZuluTrade, and MyFXBook AutoTrade. These trading platforms and the software that they run on are geared towards lightning-fast trades, stability, and maximum functionality. Among the many benefits of using this software are the following:

      • Tight spreads on Forex pairs
      • Dozens of FX trading options (major, minor and exotic pairs)
      • Full mobile functionality for Android smartphones and tablets, as well as iOS devices
      • Wide range of trading tools including complimentary FX VPS, EAs, economic calendars, Forex signals, MT4 indicators, FX sentiment indicators, Pysquation, and more.

      Deposit options

      Deposit options at Vantage FX include a number of credit cards, debit cards, bank wire transfer methods and e-wallets. Popular options include: Bank Wire Transfer: Australia, Bank Wire Transfer: International Swift, Visa, MasterCard, BPAY, POLi, Skrill, NETELLER, and Broker to Broker Transfer. Deposit options are available in multiple currencies including: AUD, NZD, USD, SGD, EUR, JPY, and GBP.

      Markets

      Besides FX currency pairs, multiple other markets are currently supported including indices trading, commodities trading and cryptocurrency trading. The following financial instruments are available under each category:

      Forex trading – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/SGD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/JPY, NZD/USD, USD/CAD, USD/SGD, USD/NOK, USD/CNH, USD/CHF and many others.

      Indices trading – SPA200 DAX30, SP500, FTSE 100, ASX S&P 200, China A50, Hang Seng Index, NASDAQ 100 and others.

      Commodities – gold, silver, oil, natural gas, and soft commodities.

      Cryptocurrencies – Bitcoin (BTC)

      Bonuses

      There are 8 Forex promotional offers available at Vantage FX. These include:

      • MT4 indicators
      • 88% cash bonus
      • FX rebates
      • Smart Trader Tools
      • Free Forex VPS
      • Psyquation Training
      • Email FX Signals
      • MarketTrader Forex Signals

      Vantage FX offers multiple other promotional offers including a $100 friend referral bonus, the Kaizen $1,000 credit rebate promotion, the $500 survey promotion, and others. Details of these promotional offers are available via the promo page.

      Customer Support

      By clicking on the ‘Contact Us’ button, traders can easily get in touch with Vantage FX support. The following contact information is available:

      • VFX Clients telephone number for Australia 1 300 945 517
      • VFX Clients telephone number for international clients +61 28999 2044
      • New clients can contact support via telephone at +61289992046, or email [email protected]
      • Head Office – Vantage FX PTY LTD, AC and 140903886, AFS license #428901
      • Melbourne office – telephone +61390933460
      • Social Media – Facebook, Twitter, LinkedIn, G + and YouTube

      Vantage FX support representatives work hard to respond to trader queries in a timely fashion. Live chat functionality is an effective way to contact customer support as an existing client, or for general inquiries. Live chat is powered by ZenDesk.

      Safety

      Multiple safety protocols are in place to protect clients. These include segregated bank accounts (client funds are kept separate from company funds with National Australia Bank), ASIC regulation, MT4 and MT5 trading platforms, KPMG audit services, indemnity insurance, full transparency, and PWC accounting services. Vantage FX does not offer dealing desk execution, and Vantage FX does not offer requotes.

      Ease of Use

      Vantage FX offers forex traders complete transparency in all dealings. Besides FX trading, there are multiple other assets to trade include commodities, cryptocurrency, indices and more. Each category of financial instruments is listed clearly on site, and drop-down menus make it easy to use this broker. Multiple tools are provided, including a comprehensive education section for newbies and established traders. The presence of a demo account is a great way to learn to trade online, before you switch to a real money account.

      Final Thoughts

      Vantage FX offers MT4 and MT5 for Mac, PC, and mobile access to the currency markets. These world-class trading platforms are the gold standard in the FX industry. Vantage FX is easy to use, and there are plenty of bonuses and promotional offers to keep clients happy.

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