Vantage FX Review 2018

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Vantage FXReview

Vantage FX Review

Founded in 2009, Vantage FX is an Australian based financial services provider that offers online trading services for the financial markets to both Australian and international traders. The broker specializes in forex trading and CFD products. With transparent market access with the robust and reliable trading platforms including the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform, traders at Vantage FX can be assured of a fulfilling trading experience with this broker.

Vantage FX Video Review

Regulations

As for regulatory oversight, Vantage FX being a financial services provider that is based in Australia comes under the jurisdiction of the Australian Securities and Investment Commission (ASIC). ASIC is one of the leading financial regulatory bodies in the southern hemisphere. AISC is tasked with protecting all relevant parties such as creditors, consumers, and investors within the context of the Australian financial industry. It ensures that all those that are under its jurisdiction operate with transparency and abide by all regulatory requirements such as meeting the capital adequacy ratio and having segregated accounts for the company’s operating funds and clients’ funds

Reliability

As one of the leading forex brokers in Australia, Vantage FX is concerned with maintaining its unblemished reputation. Hence, the broker is committed to upholding the highest standards with regards to regulatory compliance. It should be noted that the standards imposed by ASIC upon entities under its jurisdiction are considered to be the international regulatory benchmark. Vantage FX is also independently audited by the leading accountancy firm KPMG to ensure its compliance with the industry standard. In addition, funds are kept in a tier one bank, the National Australia Bank (NAB).

Trading Platforms

For trading platforms, Vantage FX offers its clients a choice of 3 main types of trading platform, the MetaTrader 4 platform, the MetaTrader 5 platform and the MarketTrader. One of VantageFX’s advantages is the support of MT4 and MT5 on the MAC operating system.

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MetaTrader 4 Platform

The MetaTrader 4 or MT4 platform as it is often known as is a world-class trading platform. Developed by MetaQuotes Software, the MT4 is the most widely adopted trading platform among the forex brokers in the industry. With the custom oneZero™ MT4 Bridge, traders at Vantage FX have access to ultra-competitive spreads. The platform also comes with a powerful charting package that is unrivaled in the industry. In addition, the MT4 platform also supports automated trading and signal trading.

Vantage FX MT5

MetaTrader 5 Platform

The MT5 platform is considered the next generation trading platform supplied by MetaQuotes Software. While the MT5 platform has all the popular and powerful features that are found on the MT4 platform, the features are improved upon in the MT5. It supports a wide array of market orders and has the ability to hedge market positions.

Vantage FX MT5- B

MarketTrader Platform

The MarketTrader platform is an HTML 5 web-based trading platform. It offers traders direct access to the financial markets without having to download and install any trading software.  Using your existing MT4 login, you can trade the markets using just your web browser.

Vantage FX Mobile Trading

In addition to the desktop variants for the MT4 and MT5 trading platforms, Vantage FX has also made these two popular trading platforms available as mobile trading apps. These apps can be downloaded from the Apple App Store or Google Play store depending on the operating system of your smartphone.  With the mobile app installed onto your smartphone, you can manage your trading account, transfer funds and execute trades right from the palm of your hand.

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Trade Types/Instruments

In terms of trade types, Vantage FX offers trading access to the spot forex market and CFDs market. For forex, you can trade with more than 40 different currency pairs. For the CFDs market, the instruments covered consist of market indices, commodities, precious metals and cryptocurrencies.

Account Types

There are 4 main types of trading accounts available at Vantage FX. They consist of the Standard STP account, the Pro ECN account, the Raw ECN account and the Islamic account.

  • Standard STP account

The Standard STP account is ideal for beginner traders who are just beginning to start trading. With this account, there is no commission payable and you have access to lightning-fast trade execution and competitive spreads. Leverage for this account is up to 1:500 and the minimum deposit requirement is $200.

  • Raw ECN account

This account is designed specifically for traders who are concerned about the issue of transparency. With the raw ECN account, you will be trading on real interbank rates with a commission rate of $3 per lot. The opening requirement for this account is also flexible with minimum deposit requirement set at an affordable level of $500. With this account, you can be assured that your broker will not be acting as a counter-party to your trades.

  • Pro ECN account

For professional traders who want to trade with the lowest spreads, this Pro ECN account is the trading account for them. With the commission rate set at a low $2 per lot, traders with this type of trading account can take advantage of lower trading costs. The minimum deposit requirement for this account is at $20,000.

  • Islamic account

Muslim traders who wish to trade the markets according to Shariah principles, Vantage FX also offers them the choice of trading with the Islamic account. With this type of trading account, you will incur no interest charges on market positions which are kept overnight

Commissions & Spreads

Vantage FX offers some of the lowest spreads in the industry. The table below shows the typical raw spreads which traders with Vantage FX will get to enjoy.

Instrument Spreads (in pips)
AUD/USD 0.2
EUR/USD 0.3
GBP/USD 0.6
USD/JPY 0.3
CL – Oil 0.038
XAU/USD 0.21
DAX30 1.50
SPI200 2.20
SPI500 2.30

Deposits & Withdrawals Options

Deposits and withdrawals at Vantage FX can be done in a variety of ways such as with the use of your credit/debit cards, bank wire transfer, broker to broker transfer and web wallets.

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Bonus & Promotions

At present, Vantage FX is offering a promotional offer for new account holders. You can earn a deposit bonus of up to 50% on the amount you deposit. The maximum bonus that you are entitled to under this promotional offer is $250.  Additionally, there is a whole range of other promotions including cashback and trading signals.

Customer Support

The support service at Vantage FX is available on a 24 hours basis 5 days a week.  You can get in touch with the support team through email, live chat or the telephone.

Pros and Cons

Pros

  • ASIC regulated broker
  • ECN trading supported
  • Multiple types of trading platforms
  • Dedicated Customer support
  • Low minimum deposit requirement

Cons

  • Limited assets selection

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Vantage FX Q&A

  • Is Vantage FX regulated?

Yes, Vantage FX is an ASIC regulated broker.

  • Where is Vantage FX based?

Vantage FX is based in Australia. Its office is located at Level 29, 31 Market Street, Sydney NSW 2000 Australia.

  • How does Vantage FX make money?

Vantage FX makes its money by charging its clients a small commission and spreads on the trades they executed on the broker’s trading platform.

  • How do I deposit in Vantage FX account?

Deposits at Vantage FX can be done through credit cards, bank wire transfer, broker to broker transfer and web wallets.

  • How do I withdraw money from Vantage FX?

You can withdraw your funds through the same method used in depositing them initially.

  • How do I open an account with Vantage FX?

In order to open a trading account at Vantage FX, you first need to fill up the registration form and submit it with all the necessary documentation.

  • Is Vantage FX reliable?

Yes, Vantage FX is a reliable broker. The broker has been operational since 2009.

  • Does Vantage FX use MetaTrader?

Yes. Vantage FX uses the MetaTrader 4 and MetaTrader 5 trading platform.

  • What is Vantage FX leverage?

The maximum leverage offered by Vantage FX is 1:500.

  • Is Vantage FX a scam?

No, Vantage FX is not a scam. The broker is a regulated broker under ASIC.

  • How safe is Vantage FX?

Vantage FX is a reliable broker as it is in full compliance with all the regulations imposed by ASIC.

Conclusion

An Australian based broker, Vantage FX is able to demonstrate it is capable of competing on the international stage with all the major league brokers. It offers lightning-fast trade execution with ultra-competitive spreads. Its services are made even more attractive with the low minimum deposit requirement of $100 and a deposit bonus of 50%. Based on our review, Vantage FX comes highly recommended.

Vantage FXOverview

Company Information

Broker DetailsInfo
Regulated byASIC
Headquarters CountryAustralia
Foundation Year2009
Publicly TradedNo
Number Of Employees150

Deposit Options

Credit Card, Moneybookers, Neteller, Poli, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Moneybookers, Neteller, Poli, Skrill, Wire Transfer

Trading Account Options

Account TypeInfo
Min. Deposit$200
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Premium AccountYes
Segregated AccountYes
Islamic AccountYes

Vantage FX Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Chinese, Czech, English

Trading Services

ServiceInfo
Supported Trading PlatformsMT4, MT5
Commission On TradesYes
Educational ServiceYes
SignalYes
Email AlertsYes
Trailing SP/TPYes
Automated TradingYes
Has VPS ServicesYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksNo
BondsNo
CryptocurrenciesYes

Vantage FXPromotions

Promotion infoOfficial Site
SmartTrader Tools
Access to our SmartTrader toolkit which includes: - Alarms - Correlations - Excel analysis - Market Sentiment - And more.
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Forex Rebates
Deposit a certain amount to earn a rebate up to 10% of your initial deposit when you trade volume.
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Forex VPS
Receive free VPS hosting when you trade above a certain volume.
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8.88% Interest
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Vantage FXUser Reviews

Rate this broker
  • 1.0
    Scammers
    James
  • 1.0
    Absolute fraudsters
    Reza
  • 4.0
    Reasonable Minimum Deposit
    Juan
  • 5.0
    50% Deposit Bonus
    Jeffery
  • 5.0
    A couple of words about VantageFX
    Oples
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