Vantage FX Video Review
VIDEO Investor Protection & Regulations
“Vantage FX is authorised and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group.”
Vantage FX is authorised and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group as confirmed on the CIMA register below:
The Vantage Group also operates other companies such as Vantage Global Prime, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). However, Vantage FX is not regulated by the UK or European regulator which means they do not fall under the recent ESMA regulations and actually have the ability to offer bonuses and trading promotions as well as higher leveraged trading.
According to the broker’s website, Vantage FX adds further protection to clients by Segregating client funds and holding their funds with Australia’s AA rated National Australia Bank (NAB), as confirmed below:
Vantage FX Vantage FX does not accept clients from the following regions: Afghanistan, Australia, Belarus, Burma, Burundi, British Columbia (Canada), Central African Republic, Democratic Republic of the Congo, Egypt, Eritrea, Iran, Iraq, ISIL (Da’esh) & Al-Qaida, Lebanon, Japan, Libya, Mali, North Korea, Republic of Guinea, Republic of Guinea-Bissau, Russia, Crimea, Sevastopol, Somalia, South Sudan, Sudan, Syria, Tunisia, Ukraine, United States of America, Venezuela, Yemen, and Zimbabwe.
“Vantage FX offers 120+ tradable assets covering Forex ECN, Indices, Commodities and U.S and Hong Kong Share CFDs.”
A wide range of asset classes and products are available to trade on with Vantage FX. Below is a list of just
some of the markets available to trade on:
Number of instruments
Forex (ECN & STP)
40 currency pairs.
AUDCAD, CHFJPY, EURUSD, GBPSGD, NZDCHF, USDCNH and more…
50 U.S Share CFDs and 50 Hong Kong Share CFDs.
Apple, McDonald’s, Tencent, Visa, Pingan, Netflix, PetroChina and more…
10 Index CFDs (Cash).
FTSE 100, DAX 30, Dow Jones 30, S&P, Nikkei, China A50 and more…
17 Commodity CFDs.
Cocoa, Coffee, Gold, Silver, Natural Gas, US Oil, Heating Oil and more…
Trading costs such as spreads and commissions vary depending on the account type and trading platform being used which are both discussed further down this review. For example, according to the broker’s statement, the spread on EURUSD starts from 1.4 pips on the Standard STP Account, 0.1 pips on the Raw ECN Account and 0 pips on the Pro ECN Account.
* Details regarding the available assets are taken from Vantage FX’s website and are correct at the time of this review.
“Vantage FX offers three main types of live trading accounts called Standard STP, Raw ECN and Pro ECN. The broker also offers swap-free Islamic accounts and the use of a free MT4 unlimited demo trading account.”
Vantage FX offers three core types of trading accounts that cater to both beginner and professional traders.
Some of the features are listed below:
All accounts are available on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS operating systems. The biggest differences between the three trading accounts are the minimum balances required with the Pro ECN requiring a minimum deposit of $20,000, the Raw ECN $500 and the Standard STP just $200.
Users can also choose between commission-free trading accounts or lower spreads with commission-based trading as highlighted above. To open a live or demo trading account users just need to visit the Vantage FX homepage and select Live Account or Demo Account located in the top-right corner, where live accounts can be opened simply in under 5 minutes:
Once the user inputs these details they are then taken through five steps. The first requires personal details, as shown below:
Users are then asked for some basic employment and financial details and investment experience:
The next page details options for the users account configuration such as the platform download, account type and account currency:
Once users have selected their chosen options, the next page is ID confirmation where users will need to verify their identity through a valid passport, driver’s licence or national ID card, as well as address confirmation such as a utility bill or bank statement. Users can also select finish and choose to send their ID documents via email:
Once users click Finish, the account opening procedure is completed and clients can then login to their secure Client Portal:
The Vantage FX secure client area is feature-rich and very useful as users can access their trading accounts, deposit and withdrawal options and trading platform downloads:
Deposit & Withdrawals options
“Vantage FX offers multiple ways for traders to fund their trading accounts such as bank wire transfer, credit card, Paypal, Neteller, Skrill, China Union Pay and more.”
Vantage FX offers traders a variety of ways to deposit funds, with some instant options and commission-free options, in a multitude of currencies:
Clients can access the deposit options directly from the secure client area, as well as the options for withdrawal:
According to the broker’s website, Vantage FX does not charge any internal fees for deposits or withdrawals. All withdrawal requests are processed Monday to Friday 9 am to 7 pm AEST.
Web & Desktop Trading Platforms
“Clients of Vantage FX have access to the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS. Users can also access the MT4/MT5 Web Trader platform, as well as social trading platforms MyFXbook and Zulutrade.”
Vantage FX offers the ability to trade on a variety of different platforms that can be found with ease in the secure client area:
Vantage FX MetaTrader 4
The Vantage FX MetaTrader 4 platform is available for download on both Windows and Mac and, according to the broker’s website, offers a connection to their deep FX liquidity pools via the custom made oneZero MT4 Bridge. Users of MetaTrader 4 also have access to:
9 viewable timeframes and 3 chart types
Free indicators and trading tools
Algorithmic trading through Expert Advisors with 99.99% MT4 uptime
More than 3,200 professional trading signals
Below is an example screenshot of the Vantage FX MetaTrader 4 Windows Desktop trading platform:
Vantage FX MetaTrader 5
The Vantage FX MetaTrader 5 platform is available for download on both Windows and Mac and, according to the broker’s website, offers the fastest possible trade executions due to their NY4, MT5 Equinix Server location in New York. Users of MetaTrader 5 also have access to:
21 viewable timeframes and 3 chart types
MT5’s inbuilt system alerts and an economic calendar
80 built-in trading indicators
$0 Account fees with $500 minimum Raw ECN Account opening balance
Vantage FX MT4 & MT5 WebTrader
The Vantage FX MT4 and MT4 WebTrader platform is available on any web browser including Chrome, Mozilla Firefox, Internet Explorer, Opera or Safari, with no download necessary. Users also have access to:
65 currency pairs, indices and commodities
5 different web browsers to trade from
Similar features to the desktop platforms
Below is an example screenshot of the MetaTrader 5 WebTrader platform:
All the trading platforms on offer provide unique advantages to both beginner and professional traders, as the MetaTrader suite of trading platforms are the world’s most popular method of trading the financial markets. The use of a demo trading account is useful for traders to test out the Vantage FX MetaTrader offering.
Vantage FX also allows clients to copy other traders from social trading platforms Zulutrade and MyFXbook.
Mobile Trading Platforms
“Vantage FX offers the MetaTrader 4 and MetaTrader 5 mobile trading apps for iOS and Android operating systems.”
Traders can download the MetaTrader 4 and MetaTrader 5 mobile trading apps directly through the secure client area or via the Apple App Store or Google Play Store for Android. Users can also trade the MT4/MT5 platform through iOS or Android tablet.
Both the MT4 and MT5 mobile trading apps offer a variety of order types and execution modes with different viewable timeframes and portfolio management functions. These can all be accessed directly from the mobile trading app homepage, as shown below:
Not only can users trade directly from the mobile trading app, review and manage their positions they can also access an economic calendar and news section:
Users can also gain a quick snapshot of their account through the Trade Window, as shown below:
“Vantage FX offers additional unique trading products such as social trading options, MT4 Smart Trader Tools and MT4 indicators from Trading Central.”
Clients trading with Vantage FX are offered a unique set of additional products to aid in their trading. These include:
MT4 Smart Trader Tools. Within this set of tools, clients can access 6 types of alarms, a correlation matrix, graphic market overviews, advanced order types and the sentiment trader tool. However, clients need to have a live account with Vantage FX with a minimum of $1,000 funded.
MT4 indicators from Trading Central. Clients can gain free access to Trading Central indicators and signals including the MT4 indicator Adaptive Convergence/Divergence signals, the Analyst Opinion indicator and Adaptive Candlesticks indicator. However, as above, clients need to have a live account with Vantage FX with a minimum of $1,000 funded.
Social Trading. Users can connect to popular social trading platforms such as Zulutrade and MyFXbook to copy other traders or to become a signal provider themselves.
Commissions & Spreads
“Trading costs with Vantage FX vary depending on the account type with some commission-free and some commission-based. Generally, trading costs come from a mixture of spreads, swaps and commissions with spreads starting from just 0 pips.”
Clients trading with Vantage FX can choose between three main types of trading accounts: Standard STP, Raw ECN or Pro ECB. Each account offers variable spreads as prices are derived from leading liquidity providers and banks – over 70 institutions according to the broker’s website.
The spread and commission cost when trading with Vantage FX vary depending on the account type.
Some examples are provided below and more can be found on their website:
Up to 500:1
From 1.4 pips
Yes ($3 per lot, per side)
Up to 500:1
From 0 pips
Yes ($2 per lot, per side)
Up to 500:1
From 0 pips
Spreads vary depending on the time of day but Vantage FX offers some competitive spreads on some of the major currencies, as shown below:
On the Vantage FX website, the broker details the commissions for each type of trading account denomination. For example:
Swap rates for holding positions overnight vary and can be found in the Vantage FX MetaTrader platform by right-clicking on a symbol and selecting the Specifications tab, as shown below:
To trade US-listed stocks via the Vantage FX Share CFD, commissions start from $6 per trade.
To trade Hong Kong-listed stocks via the Vantage FX Share CFD, commission starting from 50 HKD, or 0.25% of the transaction per trade (whichever is greater).
Bonus & Promotions
“Vantage FX offers an impressive range of bonuses and promotions such as Trading Credit, an Active Trader Program, a 50% Deposit Bonus, a 10% FX Rebate Bonus and an 8.88% Cash Bonus, among others.”
Currently, Vantage FX offers a wide range of bonuses and promotions for beginning and professional traders. While bonuses and promotions can change over time, the broker has a dedicated webpage detailing the current promotions, as shown below:
While each promotion is subject to their own terms and conditions, here are just a few details on some of the current promotions:
50% bonus – To claim the bonus users need to deposit funds in a Standard STP account, fill in the opt-in form provided on the website and the broker will credit the user’s account with a 50% bonus up to $250 which can be converted to real equity when trading.
8.88% cash bonus – Active traders can earn a cash bonus on their free trading margin, subject to a minimum amount of traded volume and a minimum amount of funded deposit.
10% trading credit – When users deposit any amount between $1,000 and $200,000 into a new or existing account, the broker will give a 10% trading credit bonus. And, for every standard FX lot that is traded they will convert $2 of your trading credit into real equity for live trading.
More details regarding these bonuses and the other currently active promotions can be found on the broker’s website.
“Vantage FX offers 24 hours a day, 5 days a week support through a variety of mediums including phone, email, live chat and remote TeamViewer in English, Mandarin, Thai and Vietnamese.”
Vantage FX offers customer support in English, Mandarin, Cantonese, Thai and Vietnamese. Clients of the broker can contact customer support 24 hours a day, 5 days a week through:
Phone: 1300 945 517
Phone (U.K): +44 207 100 8625
Phone (China): 400-120-9301
Phone (Canada): 1-888-442-4106
Phone (International):+61 2 8999 2044
Fax: +61 2 9279 2652<
Head Office: Level 4, 42 N Church St, George Town, Cayman Islands Fax: +61 2 9279 2652
Live Chat function from the Vantage FX website
TeamViewer remote support for technical assistance such as help to install trading platforms, setup charts, etc
New clients can contact customer support Monday to Friday 9 am to 5 pm through:
Clients can also reach Vantage FX through social channels, as well as use their FAQs and Help Centre.
“Vantage FX offers a wide range of research tools and market analysis and commentary through Forex News, Forex TV and a dedicated Technical Analysis page, although it is not regularly updated.”
Clients of Vantage FX can stay up to date with the latest market news through their News page which allows access to a variety of different research tools, as shown below:
From here, users can access an economic calendar as well as technical analysis and forex news. However, the latter has sporadic posts and seems to be updated every now and then. For a more up to date news offering, Vantage FX teamed up with Trading Central to offer Forex TV:
Vantage FX also offers a unique research tool called Forex Sentiment Indicators which is the sentiment readings of the Vantage FX book only. This can be found directly on their website:
“Vantage FX offers trader education material on their dedicated Forex Education page where users can access an impressive Forex Education Academy and a wide range of videos on using MT4 and MT4 and the MT4 Smart Trader Tools.”
Vantage FX offers a wide range of educational tools covering trading, forex and trading platforms, as shown above.
The Forex Education Academy is impressive with topics covering Forex Market Overview, Forex Market Analysis and Forex Trading Psychology. This combined, with all the MT4 manuals and videos to get started, make this education suitable for both beginner and professional traders.
“The variety of trading accounts, trading platforms, trader education and research tools offers unique benefits to both beginner and professional traders.”
From our observations, the Vantage FX offering provides a wide range of products and tools that are suitable for both beginner and advanced traders. The three main types of trading account, Standard STP, Raw ECN and Pro ECN give a full range of commission-free and commission-based trading with varying minimum deposits giving flexibility to the trader.
Both beginner and professional traders may enjoy the variety of bonus and promotions that are on offer, especially the active trader programme for advanced traders. The ability to trade on the world’s most recognised trading platforms, MetaTrader 4 and MetaTrader 5, is also helpful as Vantage FX provide these platforms on Windows, Mac, iOS and Android operating systems.
Is Vantage FX regulated?
Yes, Vantage FX is regulated by the Cayman Islands Monetary Authority (CIMA).
Where is Vantage FX based?
The Vantage FX head office is based in Level 4, 42 N Church St, George Town, Cayman Islands.
How does Vantage FX make money?
While Vantage FX offers a variety of different trading accounts, the broker makes money through spreads, swaps and commissions on certain trading products and instruments.
How do I deposit in Vantage FX account?
Funds can be deposited into a trading account via bank wire transfer, credit card, Neteller and Skrill among others.
What is the min. deposit for Vantage FX?
The minimum deposit to open a trading account varies depending on the account type. Standard STP is $200, Raw ECN is $500 and Pro ECN is $20,000.
How do I withdraw money from Vantage FX?
Withdrawals can be made from Vantage FX through the secure client area and can be done via bank wire transfer, Neteller and Skrill among others.
What is the max leverage in Vantage FX?
The maximum leverage offered by Vantage FX is 500:1. However, this is only for approved accounts and the funds approved for leverage greater than their standard 100:1 will be limited.
How do I open an account with Vantage FX?
An account can be opened at the click of a button on the Vantage FX website and can be done in under 5 minutes.
Does Vantage FX use MetaTrader?
Yes, Vantage FX does offer MetaTrader 4, MetaTrader 5, MetaTrader Web Trader and the MetaTrader mobile trading app.
“Vantage FX provides a variety of different trading account types and tradable assets, with supportive education and research tools, as well as bonus and promotional offerings that are suitable for both beginner and advanced traders.”
Vantage FX offers traders the ability to trade on 120+ Forex ECN currency pairs, as well as CFDs on Indices, Commodities and US-listed shares and Hong Kong-listed shares. The broker offers three main types of trading accounts called Standard STP, Raw ECN and Pro ECB, as well as swap-free Islamic accounts and the use of a free demo trading account. The account types of a variety of commission-free and commission-based trading with access to institutional grade spreads through the Vantage FX ECN.
Users have the ability to trade on the world’s most recognised Forex trading platforms MetaTrader 4 and MetaTrader 5 for Windows, Mac, Web, Android and iOS. Users can also access advanced trading tools such as the MT4 Smart Trader Tools package, as well as a wide range of trader research and education tools including the impressive Forex Education Academy. The broker also offers access to social trading platforms such as Zulutrade and MyFXbook.
Vantage FX offers regulatory oversight from the Cayman Islands Monetary Authority (CIMA) with client funds held in segregated bank accounts with Australia’s AA rated National Australia Bank (NAB). With a wide variety of bonus and promotional offerings as well, both beginner and professional traders may enjoy the benefits of trading with Vantage FX.
Regulation from the Cayman Islands Monetary Authority (CIMA) with segregated client funds held with National Australia Bank (NAB).
Three main account types including Standard STP, Raw ECN and Pro ECN, offering a mixture of commission-free and commission-based trading with institutional grade spreads.
120 tradable assets including Forex ECB, Indices, Commodities, US-listed Share CFDs, Hong-Kong listed Share CFDs.
Access MetaTrader 4 and MetaTrader 5 on Windows, Mac, iOS, Android and Web, as well as social trading platforms and a wide variety of bonus and promotional offerings.