Vantage FX Review 2020 and Technical Opinions

Filippo Last Updated: June 2020 20 min read
security 92
cost 100
trading 72
education 57
Rated: Excellent
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In this Vantage FX review, you’ll find everything you need to dispel any doubt, including our feedback on Vantage FX, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the Vantage FX platforms, to be able to fully follow this report.

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Vantage FX review
Security

Our Vantage FX review will start in a key area for you and all traders when choosing a broker. This area is security and it is of course something that you should take very seriously. Vantage FX has a long history in the industry, so this already points us in a positive direction. Let’s take a look at what else the broker has to offer in this important category.

Vantage FX

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Foundation and Offices

Vantage FX is an Australian broker that was founded in 2009. Since that time, they have grown to become a big name in the industry and are still among the fastest growing forex brokers around. The broker currently has two physical office locations as follows:

Sydney
Level 29, 31 Market St,
Sydney NSW, 2000 Australia

Cayman Islands
The Harbour Centre
42 N Church St, George Town, Cayman Islands

These locations help to give Vantage FX an international presence and to connect more closely with traders in different areas around the world.

Regulations

One of the most important aspects of security when it comes to forex brokers is taking a close look at what they have in place when it comes to regulations. This is something that Vantage takes very seriously, and the broker stands out for having tier-1 regulation in place from both ASIC on their Australian entity Vantage Global Prime Pty Ltd. (428901), and FCA regulation in the UK for their entity Vantage Global Prime LLP (590299).

They also have CIMA regulation in place for their international entity Vantage International Group Limited (1833491).

This range of compliant regulation from trusted bodies in the sector allows for the broker to build a sense of trust with you as a trader while keeping your trading safe and secure at all times.

Money Protection

Beyond the secure regulatory environment that the broker provides, they also offer a couple of other key features aimed at keeping both you, and your money safe. These include negative balance protection as standard. This means you cannot lose more than you deposit with the broker. Segregated accounts are offered too which means that in the event of bankruptcy or insolvency, your money will always remain safe. Finally, ICF insurance is available to UK based traders that can provide for compensation of up to £85,000 if anything does go wrong and your money is affected.

Awards

It is always great to partner with an award-winning broker. This is exactly what you will be doing at Vantage FX. They have collected a total of 8 industry awards to date. These include several that are quite recent as they continue to grow around the world. They have won the award of Financial Trading Services Provider of the year award on three occasions, from Global 100 in 2017, Fintech Awards in 2018, and CV Magazine in 2019. These difficult to win awards back up the current positive and well-supported position of Vantage FX.

Not Accepted Clients

Vantage FX is an international broker regulated in Australia, UK and can accept international customers thanks to the CIMA regulation. Added to this, they have become a really popular and expanding choice through the years. With that said, as with every broker there are a few parts of the world where Vantage FX is not available. These locations include the following places:

    • Central African Republic
    • Congo
    • DR Congo
    • Eritrea
    • Guinea-Bissau
    • Libya
    • Sierra Leone
    • Somalia
    • Southern Sudan
    • Sudan
    • Tunisia
    • Yemen
    • Zimbabwe
    • Bermuda
    • Bonaire
    • Cuba
    • Curacao
    • Puerto Rico
    • United States of America
    • US Virgin Islands
    • Venezuela
    • Afghanistan
    • DPR Korea
    • Guam
    • Iran
    • Iraq
    • Lebanon
    • Palestine
    • Syria
    • Albania
    • Belarus
    • Bosnia and Herzegovina
    • Monaco
    • Montenegro
    • Russia
    • Ukraine
  • Pros
    • The broker is extremely well-regulated by some of the top bodies in the industry
    • Negative Balance protection is offered worldwide which can increase your levels of protection
    Cons
    • The broker still does not offer service in quite a large number of countries

    Vantage FX review
    Costs and Accounts

    The next area we will examine with our Vantage FX review is that of the account types you can expect to find when you open an account with the broker. With that, we will also take an in-depth look at the costs you should expect to encounter and how these stack up against other brokers.

    The very first point to note is that a live trading account is very easy to open here. All you will need is your proof or ID and residence. Typically, your passport and a recent bank statement or utility bill will be perfect. From there, answer a few simple questions on your trading experiences, and you will be ready to go. The Vantage FX verification process is usually quick to complete.

    Vantage FX

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    Account Types

    Here is a closer look at all the account types you can look forward to choosing from when you are a Vantage FX trader.

    Demo

    The first and best place for many traders to begin is a demo account. Here you have no risk at all attached since the funds you are trading are virtual, but you can replicate a real trading environment. It is perfect for getting to know a platform or learning for new traders, and there is no obligation to make a real deposit at all.

    You will be glad to note that Vantage FX offers a completely unlimited demo account that you can continue to use at any time. It is also very easy to open with just a few personal details such as your name, country, phone number, and email required. A perfect place to learn and develop your skills.

    Vantage FX Standard STP Account

    A common live account choice for many traders at Vantage FX and another great starting point for newer traders is the Vantage FX Standard STP Account. This account is easy to use and provides you with access to more than 150 instruments in total. The minimum deposit is good value too at only $200.

    Trading is available here through both MT4 and MT5 trading platforms and the trading costs are kept low with no commissions on trading, and a spread that starts from 1.4 pips.

    Vantage FX Raw ECN Account

    The Raw ECN account is another top account choice and is that of many who want to have more market liquidity and also reduce trading costs. The spread here starts from an extremely low point at 0 pips although a commission is charged on trades. This commission too though is very low at just $3 per lot traded.

    Again both MT4 and MT5 trading platforms are available and a wide range of markets including forex, indices, commodities, and shares are there for you to choose from. The minimum deposit with this account type still remains very competitive too at just $500.

    Vantage FX Pro ECN Account

    The Vantage FX Pro ECN account as the name suggests was designed with professional traders in mind. With that, the account has a minimum deposit requirement of $20,000. If you can afford it though, this account opens up great potential for very low cost trading. The commission charged is just $4 per round turn lot traded, and the spreads remain consistently low starting from the very bottom at 0 pips.

    As with the other account types, both MT4 and MT5 trading platforms are available for your use here, and the full range of markets including forex, commodities, indices, and more are available to be traded.

    Vantage FX Islamic Account

    An Islamic trading account is offered by Vantage FX and is completely compliant with Shariah law. In fact, the service is also certified by Sheikh Hasan Qamra, the Chairman of the Shariah Supervisory Board. This account type charges no swap fees in order to be fully compliant though the broker could charge an extra fee to make up the difference here.

    If you want to know more about Islamic trading and swap free accounts, then you can always check out our article on the best swap free Islamic brokers.

    Vantage FX MAM/PAMM Account

    The final account type on offer if you are interested in managing multiple accounts as an experienced trader or financial manager, is the Vantage FX MAM/PAMM account. The spread again here is very competitive starting from 0 pips. The account also offers a great level of flexibility in terms of pricing and how your sub accounts are managed. Another positive point of this account type is that the number of sub-accounts you can control is unlimited.

    Account Base Currency

    With Vantage FX you can access a good range of base currencies. These include the EUR, USD, GBP, AUD, SGD, and CAD. Having several base currencies to choose from is an important advantage as it may prevent you from having to pay any currency conversion fees if your deposit and withdrawal fees can match up with a base currency.

    Deposit

    Here are some more details on exactly what to expect when you are making a deposit with Vantage FX. This includes the minimum deposit and also deposit methods available.

    Vantage FX Minimum deposit

    The Vantage FX minimum deposit will really depend on the account type you choose here. The minimum deposit that you can open an STP account with $200, or you can open an ECN account for a $500 minimum deposit. If you are a more experienced trader, then the Pro ECN account is available with a $20,000 minimum deposit.

    Deposit Methods

    When making your deposit with Vantage FX you can do so in AUD, USD, GBP, SGD, JPY, NZD, and CAD. This deposit can be made through a number of methods. You can use wire transfer, credit/debit card that is Visa or MasterCard, or UnionPay China, and eWallets in the form of Neteller and Skrill. These eWallet methods are just not available in Australia.

    Other methods which may be available are Bpay and POLi (in Australia only), broker to broker, and Fasapay.

    Typically, most of the deposit methods are instant with the exception of a wire transfer, though they may take up to 5 business days to complete in some cases.

    Deposit Fees

    Deposits with Vantage FX are typically fee-free. The only exceptions here are with eWallets and UnionPay you may have fees within certain areas, or a fee from your bank for some methods. A currency conversion fee could also apply if you are depositing a non-supported currency.

    Withdrawals

    Here is what to expect when it comes to Vantage FX withdrawal methods and fees.

    Withdrawal Methods

    When making Vantage FX withdrawals you should be aware that all of the same methods are available as with deposits. This means that wire transfers, credit/debit cards, and a range of eWallet and other methods are all available. These withdrawals usually take between 3-5 business days to complete.

    Withdrawal Fees

    Vantage FX withdrawals are typically fee-free.

    Spreads & Commissions

    The only spreads offered by Vantage FX are floating spreads. These start at 1.4 pips if you are operating a standard STP account. If you are trading on a Raw ECN account, the spreads start from 0 pips but there is a $6 per lot round turn commission, and if you are trading on a pro ECN account, the spreads again start from 0 pips but with a $4 per lot round turn commission.

    Generally speaking, the Vantage FX spreads remain very competitive. Here then are some of the retail minimum spreads charged on commonly traded assets with the broker.

    • EUR/USD – 0.1 pips
    • Gold – 0.1 pips/lot
    • SPX500 – 2.7 pips
    • US Shares – $6/trade

    Fees

    There are a couple of other fees you may encounter when you are trading at Vantage FX. Here is a lowdown on those fees too.

    Overnight Fees

    The overnight fee is a common fee among brokers which is charged at the closing time of the market for positions that you have kept open. This fee applies to every asset with Vantage FX since they are a CFD broker. You can find out the exact fee through your trading platform since it varies depending on the market.

    The only exception here are the Islamic accounts. These charge no overnight fees.

    Inactivity Fees

    You will be pleased to note that Vantage FX does not charge any inactivity fee.

    Pros
    • The unlimited demo account provides a great opportunity for new traders to learn the ropes risk-free
    • A good selection of 6 base currencies in total are offered
    • Tight Spreads are available throughout each account type with the broker
    • Vantage FX charges no inactivity fees. This is perfect for casual trading
    Cons
    • A deposit fee could be charged depending on the methods you use
    • No professional account type is available for UK traders at Vantage FX

    Vantage FX review
    Trading

    Moving on, we will take a comprehensive look at the trading experience you will find once you have opened your trading account at Vantage FX. This will include a look at the main trading features as well as the selection of trading platforms and markets that the broker facilitates trading in.

    Vantage FX

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    Trading Features

    Here are all of the important details when it comes to trading features you can avail of at Vantage FX.

    Executions

    Vantage FX is an ECN/STP broker trading in CFDs. This position allows them to obtain the very best prices from liquidity providers on the market to offer you as a trader. The Straight Through Processing nature of the trades also means there is no intervention at all from the broker. This is favored by many traders, along with the very fast, efficient execution that ECN trading can provide.

    STP is offered with the Vantage FX Standard account which can be opened with as little as $200 while ECN execution is available through the Raw and Pro ECN account types from $500 and $20,000 minimum deposits respectively.

    Sizing

    The minimum trade size available at Vantage FX is 1 micro lot. This is equal to 0.01 standard lots or a cash value of $1,000 if you are not using any leverage.

    Techniques

    When it comes to trading techniques, the broker is pretty open. They allow both scalping and hedging as well as facilitating algo trading through the availability of the MT4 and MT5 platforms EAs feature. The broker allows the use of a VPS too. In fact, they offer use of their own VPS service for free if your account has equity of at least $1,000.

    Risk Management

    It is important that you have the correct tools in place to manage your risk while trading. Vantage FX makes all of these key tools available via the trading platforms. These include the ability to set stop losses, trailing stops, and take profits, in managing your open positions. You can also engage limit orders to effectively manage your market entry points, and the broker also has margin calls to ensure you equity never drops below a certain point without your awareness.

    Trading Hours

    All of the following trading hours available at Vantage FX are GMT +3:

    • FX: 24/7 – 00:01-23:58
    • Crypto: 24/7 – 00:01-23:58
    • Gold: 01:00-23:59
    • US Oil: Monday – Thursday: 01:00-24:00 – Friday: 01:00-23:45
    • US Shares: 16:30-23:00

    The trading hours for other commodities and indices vary depending on the exact market.

    Leverage

    The Vantage FX leverage that is available to you depends on two important factors. The first of these is the area in which you are regulated. The second is the actual asset you are trading, with different leverage applying to different assets.

    With that said, generally, the leverage available in the UK and the EU is a maximum of 30:1 regardless on account type of asset. Outside the UK and under ASIC and CIMA regulation, the leverage can be as much as 500:1.

    Platforms & Mobile

    Moving to the trading platforms available, here is everything you can expect in this regard when it comes to trading at Vantage FX.

    Charting and Trading tools

    Vantage FX provides for a broad range of charting tools and indicators which are provided by the MT4 and MT5 platforms. In total you will find 51 charting indicators to choose from as well as 31 drawing tools, the ability to set price alerts, and order in one click directly from charts. This allows for a highly efficient, customizable trading experience at the broker.

    Vantage FX Desktop Platforms

    With desktop platforms at Vantage FX you will have access to both MT4 and MT5. These are two of the most highly respected and powerful, yet easy to run and use platforms in the sector. You will have a wealth of choice when it comes to charting tools and indicators with more than 50 available, and the ability to engage robots and algo-trading through the EAs feature should you wish. These trading platforms will both run through Mac or Windows, and on almost any device.

    Vantage FX Webtrader Platforms

    Vantage FX webtrader platforms again include both MT4 and MT5 as standard. These have many of the same in-depth features as their desktop counterparts and allow for in-browser trading that is convenient and extremely user-friendly. They are compatible with Chrome, Firefox, Opera, Edge, and Safari.

    Vantage FX Mobile Platform

    Again, the Vantage FX mobile trading platforms come courtesy of MT4 and MT5 mobile. As in the other categories, these are two of the most detailed and powerful yet light mobile trading platforms available. This will keep you trading with all of the tools and indicators on the move through iOS or Android phones, tablets, and other smart devices.

    Markets

    Vantage FX is a CFDs broker, every asset listed on the platform is offered in CFDs. Here is a full listing of the markets and assets you can expect to find through the broker.

    Forex

    There are a total of 40 forex currency pairs available for trading with Vantage FX. The spreads on these pairs start at a great value 0 pips with a $3 per lot commission for retail traders, or from 1.4 pips without commission.

    Commodities

    The broker offers 20 commodities in total traded as CFDs, these include precious metals like gold, silver, and copper with both gold and silver being available to trade with the US Dollar and Australian Dollar. Agricultural assets available include cocoa, oranges, and sugar, while energies like oil, natural gas, and gasoline can also be traded here.

    Indices

    Again, indices are traded as CFDs and a total of 10 are available from all around the world. These include EU, US, and Australian indices as well as Asian indices from China, Japan, and Hong Kong. Vix futures index is also available to be traded.

    Stocks

    There is a great selection of more than 200 shares from major exchanges in the EU, US, Hong Kong, and Australia to be traded.

    Cryptos

    Crypto trading at Vantage FX is also available. This takes the form of 6 available cryptos that can be traded against the US Dollar as CFDs. The cryptos available here are Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple.

    Products

    The following bonuses are offered by Vantage FX, however they may not be available in certain world areas due to the strict local regulatory environment.

    • Vantage FX Active Trader Program

    The Vantage FX Active Trader Program is available to you if you have an account balance of at least $10,000 and a Standard STP account. Through the program you can earn rebates based on your account equity that range from $2 to $8 per lot. For an account equity of $10,000 – $30,000 your rebate will be $2 per lot, this increases to $4 per lot up to a $100,000 equity. Between $100,000 and $300,000 you will receive a $6 per lot rebate, and $8 per lot above this $300,000 equity position.

    Vantage FX 50% Deposit Bonus

    This deposit bonus it is important to note, may not be available everywhere in the world. Where it is available though you must deposit at least $200 to get the 50% bonus. This is valid up to a $500 deposit which would get you a $250 bonus. After $500, the deposit bonus remains capped at $250.

    Vantage FX 10% Rebates

    Similar to the active trader program, this 10% rebate may be available in some areas. You could get this if you deposit $1,000 in your STP Standard account and you can receive a $2 per lot rebate. For more information on this bonus, you should contact the Vantage FX customer support team.

    Social Trading – Copy Trading

    While Vantage FX does not directly provide a proprietary copy or social trading service, these are available through third party platforms like ZuluTrade and MyFxBook which are both facilitated. Zulutrade is for both copy and social trading and is available with a $100 minimum deposit, while MyFxBook is another copy trading option that offers over 90,000 traders to copy from.

    Pros
    • They provide for top quality ECN/STP execution with great speed and value
    • Additional services are well provided for active traders in quite a rewarding program
    • Social and copy trading features are both catered for through Vantage FX
    Cons
    • No nano lots are offered. Micro lots are the smallest which may be too large for some more casual of low-risk traders
    • The offering of assets and platforms is good but relatively basic with not many proprietary options or extensive availability of markets

    Vantage FX review
    Education and Support

    The final area we will cover in our Vantage FX broker review is one which can mean a lot for your trading experience while you are with the broker, and which can also really shape your future in the industry and as a trader.

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    Languages

    The Vantage FX website is available in a total of 12 languages for your convenience. There are many EU languages available as well as a number of Asian languages including Indonesian, Vietnamese, Chinese, Japanese, Korean, and Malay.

    Research

    When it comes to research with Vantage FX they have a wide range of tools available. This range includes basic tools like an economic calendar and others to gauge the forex market sentiment, up to a range of premium tools which you can unlock with a balance over $1,000.

    This extended selection includes the Market Buzz Service and can provide for news, media content, a host of price events and other indicators which can sway the markets such as the volume of social media activity around a market. Overall it is a very detailed service. Vantage FX also provides for a selection of trading ideas and a market analysis within this section.

    Customer Service

    Vantage FX customer service is offered in more than 5 languages. You can contact the helpful support team in a variety of ways through website based live chat, phone, or email. The website also hosts a helpful and detailed FAQ section which may remove the need for you to contact the support team at all.

    Education

    Vantage FX provides for an extensive education section. This includes great training on Metatrader with video tutorials, manuals on both MT4 and MT5, and guidance on how to use the trading platforms excellent range of tools. Also included is an MT4 FAQ that spans more than 50 questions.

    Beyond the trading platform you can also brush up on, or get to know exactly how trading forex works, and all about the market through this detailed educational offering.

    Pros
    • The premium research tools offered by Vantage FX are of excellent quality and can provide a great insight
    • Vantage FX educational content too is of the highest standard, great for new traders
    Cons
    • Having to reach a $1,000 equity to unlock the premium research tools may be seen as restrictive by some
    • Although the quality of the training material is great, the scope is a little limited

    Vantage FX review
    Our Opinion

    Having completed our detailed Vantage FX review, there is little doubt that they are a highly trustworthy broker that is climbing their way toward the top of the industry. They offer an excellent trading environment with the best regulation and protection for your funds as well as a very attractive low minimum deposit and unlimited demo account that is perfect for new traders.

    Not only new traders are attracted to Vantage FX. but those with experience too. This is largely due to the excellent spreads and low trading costs as well as a very rewarding active trader program at certain levels and a huge range of insightful research tools available with over $1,000 equity. This cost along with the $10,000 minimum to access the active trader program could feel a little limiting, but considering the position of the broker as growing in the market, they still manage to do an excellent job. They even welcome social and copy trading through ZuluTrade and MyFxBook.

    Overall, Vantage FX is a great broker that is very safe and secure to trade with, provides a good value trading environment for all, and is continuing to grow within the industry.

    Vantage FX Pros and Cons

    Pros

    • Vantage FX is extremely well-regulated by some top-tier bodies and considered a very safe broker.
    • Negative balance protection is offered to traders worldwide
    • They have a great choice of features suitable for beginners including the unlimited from account.
    • A very strong selection of 6 base currencies are offered
    • ECN/STP execution offers the fastest trading experience at some of the most competitive rates.
    • Spreads remain competitive throughout while trading costs are minimized where possible.
    • There are a great number of additional services available to active traders.
    • Social and copy trading features are both very well provided for.

    Cons

    • Vantage FX still does not provide services in quite a large number of countries.
    • The trading features and range of assets on offer is quite basic in some areas.
    • Additional services are only available above higher equity levels at $1,000 and $10,000.
    • You could be charged a deposit fee depending on the method you use.
    • While the education section is good, the training material could be extended to cover more topics.

    Vantage FX FAQs

    Is Vantage FX legit?

    Yes. Vantage FX is well-known as a legit, safe, and well-regulated forex broker. You can verify this and access much more information if you check our full Vantage FX Review.

    Does Vantage FX allow MT4 or MT5?

    Yes, Vantage FX offers both MT4 and MT5 as desktop, mobile and webtrader platforms available for you to trade with.

    Is Vantage FX an ECN broker?

    Vantage FX is a hybrid ECN/STP broker. This provides a great balance for many traders with high speed execution at great prices. For more information about Vantage FX trading execution, check our Vantage FX Review.

    How much is the spread on Vantage FX?

    The VantageFX spread will vary depending on the account type that you choose to trade with. The minimum spread available starts from 0 pips with the Vantage FX Raw ECN account.

    Does Vantage FX support binary options?

    No, Binary Options are not available with Vantage FX. The broker did offer them, but in 2017 they decided to focus more on their ECN Forex offering.

    Does Vantage FX offer a free demo account?

    Yes, Vantage FX offers a free and unlimited demo account. This is perfect if you are a new trader and starting to get into forex trading where you can use the demo account with no risk at all.


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    Vantage FX Review 2020 and Technical Opinions

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