The multi-award winning broker is regulated in multiple jurisdictions and offers over 300+ Forex pairs, Indices, Commodities, Share CFDs and more, on the powerful MT4, MT5 and ProTrader platforms.
Vantage FX offers traders some of the industry’s lowest costs on their STP, Raw ECN and Pro ECN Accounts, with spreads from 0.0 pips on FX and Indices.
Overall Score
We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.
Advantages
Disadvantages
Vantage FX is a well-known Australian company that also caters to worldwide clients. It is a reliable forex broker. The online trading portal is winning heart due to its relentless and selfless service in the world of the financial market. For more than a decade, it has been the leading CFD and forex provider to traders.
Vantage FX is a forex (currency pairings) and CFDs broker based in the United Kingdom (Contracts for Difference). Since its foundation in 2009, the company has perfected its ability to adapt to the needs of its clients. The broker is based in Sydney, Australia, at Level 29, 31 Market Street, Sydney NSW 2000, and allows traders from nearly every country.
Vantage FX Safe or Scam
According to Vantage FX, reading the legal documents that apply to the entity with whom the client is registering is required.
In a different jurisdiction, the vantage group of corporations regulates and authorises. However, Vantage FX complies with CIMA’s strict financial rules.
The company follows the protocol and is authorised by the Cayman Islands’ monetary authority.
Its SIBL (Securities Investment Business Law) number is 1383491 (Cayman Islands)
In Vanuatu, its registration number is 700271.
In Australia, ASIC regulates the broker with AFSL number 428901.
So, these facts substantiate the
Pros
- While developing Vantage FX’s services, they inquire about what traders would expect or desire from a forex broker.
- It determines what they require based on these assumptions and inquiries and what values or qualities to anticipate.
- Vantage FX is a clear example of fair and rigorous regulation; it allows clients to trade on the program’s sophisticated platforms and provides lightning-fast trading execution.
- It can be used to trade currency, commodities, cryptocurrencies, and indices, among other things. In addition, Vantage FX provides excellent customer service and offers a diverse selection of deals.
Vantage FX Trading Account
Vantage FX’s account opening procedure is entirely online and user-friendly. This means that one may quickly go through the account opening process and understand it in front of the gadget.
Creating an account with Vantage is similar to opening an account with any other bank, and the procedure is simple. Following the account opening request, a background check will be conducted. The background check can occupy a few days to complete, and there are no fees associated with opening an account.
It is common knowledge. This is an entirely digital process. It takes a little time. Thus, you can make the best use of it.
Types of Vantage Accounts
Vantage FX offers a variety of accounts for different types of traders.
A regular STP account is suitable for traders who are just getting started in the trading world.
RAW ECN account users will have access to institutional-grade liquidity from the world’s leading institutions, allowing them to trade currency.
PRO ECN is designed for professional traders who want to trade the world’s global marketplaces at the lowest possible price.
The Swap-free trading account does not charge any interest or swaps from its clients. So, it is beneficial for traders.
Vantage FX Trading Platform
Vantage FX traders can access worldwide FX markets through its MetaTrader 4 and MetaTrader5 platforms, regardless of account type.
These two trading systems are the most widely used and implemented in the globe. As a result, in the forex trading business, they are respected.
These systems allow traders to execute trades quickly. They may be accessible from any device and from anywhere, and they are available in 32 different languages with market service available 24 hours a day, seven days a week.
Traders can also use a variety of mobile trading apps for iPhones and Android phones to acquire access.
Vantage FX Trading Instruments
Vantage FX offers a diverse choice of asset classes and solutions for trading. This comprises over 300+ financial CFD instruments from the US, EU, UK, Australia, and Hong Kong, including Forex ECN, Indices, Precious Metals, Soft Commodities, Energies, and Shares CFD.
Spreads, charges and overnight financing (swap) rates differ based on the product traded, and the account type opened.
Vantage FX Commissions and spreads
The company’s trading fees are rather flexible and are only dependent on the type of account selected by the client.
Vantage FX has a comparatively low and competitive spread when compared to the spreads offered by other brokers via a spread list. So, users can save more money.
When clients use the Pro ECN Account, the spread starts at 0.0 pips with additional charges of $2 per lot per side. The spread for a Raw ECN account starts at 0.0 pips. So, a trader is always saving a lot of funds.
Finally, if traders choose the regular STP account, they will be subject to spreads starting at 1.4 pips and will not be charged a commission on their trades. The company does not charge internal deposit and withdrawal fees. However, they may levy transfer costs that are unrelated to the firm. In addition, any additional broker fees, such as inactivity fees, are not waived by the company.
Vantage FX leverage
Forex leverage is described as the use of borrowed funds, such as “margin,” to allow a Forex trader to access higher sums of money. So, you get the chance to make manifolds of your investments.
Vantage FX’s normal leverage starts at 100:1 and can be extended to a maximum of 500:1 based on the client’s account equity.
If traders want to increase their leverage, they must be aware of the significant hazards that come with it.
Vantage FX Deposit and Withdrawal
At Vantage FX, you don’t have to be concerned about the payout. Because of the regulations and licenses mentioned above, the broker is a very safe trading partner. Withdrawals are made using the same procedures as deposits. Withdrawals are processed by Vantage FX every business day during regular business hours. During the week, the withdrawal should be completed within 24 hours.
Another benefit of the broker is that there are no withdrawal fees. However, your bank may charge you fees for an overseas wire transfer. In conclusion, the withdrawal process with this broker is simple and completely free! Another point in Vantage FX’s favour.
Payouts take a maximum of three days to process.
Withdrawals are processed swiftly.
There are no further charges.
Click on “Funds” on the left side of the customer page, then “Withdraw Funds.” Then, for the withdrawal, choose the trading account, the amount, and the withdrawal method. Fill in all of the required information and confirm the withdrawal.
Vantage FX Customer support
On the site, traders can receive training. Every day, new analyses and even webinars are released. The broker provides a comprehensive package for both novice and advanced traders. Another advantage is that Teamviewer is supported.
In the event of a significant problem, the support team can use external software to gain access to your computer (Teamviewer). Vantage FX’s main selling point is this service. Overall, the assistance is doing admirably. The service demonstrates a high level of professionalism and efficiency.
Most traders require dependable support. In an emergency, it’s also critical to be able to close positions externally via phone or chat. Vantage FX provides 24/7 service by phone, chat, and email. On weekdays, help is provided at regular market hours 24 hours a day.
The website has been translated into a number of languages, including German, Chinese, and Indonesian. Support for Vantage FX is, in our opinion, lightning-fast. You will receive prompt service, particularly over the chat.
Conclusion:
Vantage FX is one of the greatest forex brokers on the planet. Beginners and skilled users both may find this company appealing. The provider is especially suggested for traders who want to deal in a transparent and secure environment.
The broker provides you with all of the tools you’ll need to conduct professional trading. According to our experience, the only negative is the language barrier in English while using the assistance. Vantage FX is a reliable and trustworthy broker that provides international traders with a large and favourable trading offer.