Vantage Fx Forex Broker
Established in 2009, Vantage FX is an award-winning No Dealing Desk (NDD) forex broker. Vantage FX provides a seamless trading experience with advanced technology and a great selection of financial instruments. The broker has gained recognition for its commitment to innovation, transparency, client-centric approach, and excellence in the forex industry.
Pros
- Low ECN trading cost
- High leverage level
- Variety of educational content
- User-friendly interface
Cons
- Limited choice of platforms
- High minimum deposit on Pro account
- Custom support is available only in English
Vantage Fx Review Summary
Under the regulation of ASIC, Vantage FX offers various accounts to match multiple styles of trading and different levels of experience. This broker is a worthy one because you can trade from a huge pool of assets, the trading terms are quite competitive, it has various educational resources, and protects customer funds. Vantage FX is famous for using the newest trading technology on their trading platform which might be esteemed as secure. While Vantage FX might not be perfect due to the limited choice of trading platforms, it’s still a good choice.
Who is Vantage FX for?
Vantage Fx actually may suit beginners and advanced traders. The platform is full of useful educational content for newbies and expert-level analysis articles for advanced traders. Advanced traders may use a Pro account and fulfill all their requirements. Meanwhile, beginners might feel okay with a standard account and a low minimum deposit level within it. This platform will suit people who prefer to dig down when it comes to trading, explore new trends and strategies, and learn deep market analysis.
Supported Countries
Vantage FX serves clients from almost every country, meanwhile, it’s important to note that there are some restrictions. Residents of Canada, China, New Zealand, Singapore, and the United States cannot open accounts with Vantage FX. Neither can residents of countries that are mentioned in the Financial Action Task Force (FATF) or EU/UN sanctions lists. Most of these restrictions have to do with regulatory compliance and international sanctions.
Vantage Fx trading platforms
Vantage FX offers three trading platforms: MetaTrader 4, MetaTrader 5, and ProTrader. They also provide a Vantage app as a mobile platform for trading.
MetaTrader 4
MetaTrader 4 (MT4) is the primary trading platform for traders and brokers globally. This software can be downloaded to your desktop, so it’s convenient and easily manageable.
While trading on Vantage FX, MT4 offers a lot of useful features for traders – like technical indicators and advanced charting. But the main thing is that you can use algorithmic automation with Expert Advisors (EAs) to automate your trades.
MetaTrader 5
Just like Metatrader 4, MT5 can be downloaded to your desktop for a convenient usage. MT5 was designed as a platform for trading many different kinds of assets, but its real power is in its advanced features. If you trade on MT5 with Vantage, you will be able to use the newest version of MT5, which has all Expert Advisors (EA) turned on, signals trading, and possibility to hedge positions.
ProTrader
ProTrader is another trading platform available on Vantage FX. When it comes to its distinctions from MT 4 & 5, we’d say that ProTrader has advanced market analysis capabilities. The Vantage ProTrader platform gives access to hundreds of the most popular indicators as well as over 50 drawing tools. It also has a complete set of tools for in-depth market analysis that can be used to implement some of the most popular trading systems and strategies.
Vantage mobile app
Traders can use the Vantage App on both iOS or Android devices to trade assets with ease on mobile. On this app, you can see and use charts, place orders, check accounts, analyze the market, and engage in copy trading. Moreover, Vantage App users can also read a daily market recap, get global financial news updates, and look at an in-depth analysis of what happened on the market. On the broker’s website, there is a very detailed and structured instruction on how to use the application, which makes it clear and available for all.
Vantage Fx Trading Account Types
Vantage has 3 types of accounts: 2 for retail traders and 1 for professionals. They all use STP/ECN pricing technology (Pro and raw accounts – ECN, Standard – STP) . There is also the option for Islamic accounts that are “swap-free”. You can start trading with just $50 and choose from several base currencies. The broker works with any strategy you want to use, and it doesn’t take long to open an account. Here is the detailed information of the available account types in the form of comparison:
| Index | Standard | Pro | Raw |
| Base Account currency | $ AUD$ USD£ GBP€ EUR$ SGD$ CAD$ NZD¥ JPY$ HKDzł PLN | $ AUD$ USD£ GBP€ EUR$ SGD$ CAD$ NZD¥ JPY$ HKDzł PLN | $ AUD$ USD£ GBP€ EUR$ SGD$ CAD$ NZD¥ JPY$ HKDzł PLN |
| Trading instruments | Forex, Indices, Energy, Soft Commodity, Precious Metals ,Share CFDs, Cryptocurrency CFDs | Forex, Indices, Energy, Soft Commodity, Precious Metals ,Share CFDs, Cryptocurrency CFDs | Forex, Indices, Energy, Soft Commodity, Precious Metals ,Share CFDs, Cryptocurrency CFDs |
| Minimum deposit | $50 | $10,000 | $50 |
| Spread | From 1,1 pips | From 0.0 pips | From 0,0 pips |
| Maximum leverage | 500:1 | 500:1 | 500:1 |
| Maximum order size | 100 | 100 | 100 |
| Commission | 0 | From $1.50 | From $3.00 |
The main difference between accounts is minimum deposit size, commision presence and spread. If a person assumes themselves as a pro, they have to deposit more and pay higher commissions for bigger amounts of money. Other than that, the accounts are pretty similar and offer average conditions. However, the availability of a big amount of assets in all account types is definitely a plus.
Tradable Assets on Vantage Fx
Vantage FX stands out as a versatile multi-asset trading platform, offering access to an extensive selection of tradable assets. As we said before, the assets are available in all account types. Vantage offers more than 940 different assets to trade. You can trade with currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs. It provides you with an opportunity to try many different trading strategies if this idea ever occurred to you. Here are the tradable assets on Vantage FX:
- 61 Currency Pairs
- 20 Commodities
- 721 Share CFDs
- 16 Indices
- 47 Cryptocurrencies
- 19 Futures
- 51 ETFs
The wide range of cash indices and futures indices are available on this trading platform, which is not common. Brokers rarely offer the possibility to trade futures indices. Also, there are more than 50 lower-risk securities to help day and position traders hedge their longer-term risk and manage expected or unexpected changes in volatility.
Deposits
When it comes to depositing funds into the trading accounts, Vantage FX makes sure traders have plenty of choices. They can use credit/debit cards, wire transfers, BPAY, Neteller, or Skrill. The broker tries to keep things as fee-free as possible for electronic deposits and withdrawals. But of course, there are little fees if you work with bank cards.
The amount of time it takes to process these transactions differs but it rarely takes more than 1 week day.
| Payment Method | Type | Processing Time | Fees |
| Credit/Debit Card | Instant | Within 1 business day | Visa & MasterCard payments may incur a fee |
| Wire Transfer | 2-5 business days | Within 1 business day | No internal fees |
| BPAY | Instant (1-2 business days) | Within 1 business day | No internal fees |
| Neteller | Instant | Within 1 business day | No internal fees |
| Skrill | Instant | Within 1 business day | No internal fees |
Withdrawals
Using Vantage FX, you can withdraw money using any method you like, and your payments will be processed quickly. There’s also a fee for credit and debit cards. In comparison to other brokers, Vantage X provides traders with quite beneficial conditions of withdrawal.
| Payment Method | Processing Time | Fees |
| Credit/Debit Card | Within 1 business day | Visa & MasterCard payments may incur a fee |
| Wire Transfer | Within 1 business day | No internal fees |
| BPAY | Within 1 business day | No internal fees |
| Neteller | Within 1 business day | No internal fees |
| Skrill | Within 1 business day | No internal fees |
Vantage Fx trading education and training
Vantage FX contributes a lot into research and educational materials. The Vantage Trading Academy has different courses, e-books, and webinars that are split up by how much experience you have in trading. Some of the subjects covered in these materials include basic ideas all the way up to plans for making advanced trades. The courses offer structured lessons, e-books let you read even more detailed information, and webinars put you in control by letting you ask questions during the lesson.
The Vantage Academy materials get updated every day. Even if you are only at the beginning of your trading path, this resource will cast a light upon every trading topic.
The Vantage Academy provides two courses:
- Forex Beginner Course with 8 lessons and a demo account testing.
- Stock Beginner Course with 10 lessons and practical examples.
Vantage Fx License and Regulatory Compliance
The forex broker Vantage Fx is regulated by the Australian Securities and Investments Commission (ASIC). The company that operates Vantage FX, Vantage Global Prime Pty Ltd., is located in Sydney, Australia, where it follows the ASIC regulatory framework to stay up to date with current standards. One way that ASIC keeps traders safe is by making brokers keep their money in segregated accounts and having minimum capital amounts. Vantage FX has a net worth of at least $1 million, which shows that it is financially stable. Even though Australia’s ASIC forex rules are some of the best around, there still is no compensation scheme in case of a licensed company’s insolvency.
Customer Support
Traders at Vantage FX can contact the support team by email, live chat, or phone 24/5. The people who work on the support team are helpful and know all about trading, account management, and technical problems that people may face on the platform. On its website, there’s a long FAQ section and knowledge base to answer questions that come up a lot. However, it is important to note that even though the website is available in many languages, customer support is only given in English.
If we look at a third-party service, for example, On Trustpilot, users have given Vantage FX 3. 5 out of 5 stars on average for customer service, based on 2552 reviews.
Vantage Fx customer protection
1. Segregation of Client Funds:
Vantage FX prioritizes client protection by segregating client funds from the company’s operational funds. This ensures that client funds are kept in segregated trust accounts, providing an additional layer of security.
2. Regulatory Compliance:
As a regulated entity under the Australian Securities and Investments Commission (ASIC), Vantage FX adheres to strict regulatory standards. Compliance with ASIC regulations includes meeting minimum capital requirements and following rules to safeguard clients’ financial interests.
3. Minimum Capital Requirements:
To enhance financial stability and demonstrate robust standing, Vantage FX maintains a minimum capital of at least $1 million, as required by ASIC regulations. This financial strength serves as proof of the broker’s commitment to maintaining a secure trading environment.
4. Technology and Security Measures:
Vantage FX employs advanced technologies and security measures to protect clients’ sensitive information and ensure the integrity of the trading platform. This may include encryption protocols and other cybersecurity measures to prevent unauthorized access and protect against potential threats.
5. Client Education and Awareness:
The broker contributes to client protection by offering educational resources and tools. Informed traders are better equipped to make prudent decisions, mitigating risks associated with trading in the financial markets.
6. Transparency and Disclosure:
Vantage FX forex trading broker maintains transparency in its operations by providing clear and comprehensive information to clients. This includes transparent fee structures, terms and conditions, and disclosure of potential risks associated with trading, fostering a relationship based on trust and clarity.
7. Customer Support Services:
The availability of responsive customer support services ensures that clients can seek assistance promptly, addressing any concerns or issues they may encounter. This contributes to a positive trading experience and reinforces the broker’s commitment to client satisfaction and support.
How to open a Vantage Fx account
- Visit the Vantage FX official website.
- Click the button “Register”.
- Fill the gaps with your data.
- Click on the “Open Live Account” button.
- Select a trading platform of either MT4 or MT5.
- Choose an account type.
- Choose an account currency.
- Click Submit.
FAQ
Does Vantage Fx accept US clients?
No, Vantage FX forex trading broker does not accept clients from the United States.
How can I download trading platforms on Vantage FX?
You can download the trading platforms by visiting the Downloads section on the Vantage FX website.
How long does it take to open a live trading account with Vantage?
It depends on how fast you will add all the needed information. Account verification usually takes between a few minutes to one business day.
Is Vantage suitable for hedging?
Yes, hedging is permitted with this broker.
Does Vantage Fx have withdrawal fees?
Vantage FX does not charge internal fees for electronic withdrawals. However, fees may be associated with specific withdrawal methods. For example, Visa and MasterCard payments may incur fees.
Does Vantage offer a demo account?
Yes, Vantage offers unlimited demo accounts via MetaTrader 4, MetaTrader 5, ProTrader, and the Vantage app.