Vantage FX Review 2021

Forex broking has been on the rise since online brokerage started gaining momentum. Online platforms offer a plethora of trade benefits for users even though there is a high risk of losing money in forex. Therefore, the demand for online trading platforms is always high. Vantage FX is such an online forex trading platform that has its own pros and cons. In this Vantage FX review, all the important points about the broker are discussed so that at the end of this broker review, users can understand how the platform works so that no accounts lose money.

Vantage FX Overview

Headquarters Australia
Founded Year 2009
Regulated Yes
Product offered Trading Platform, Forex Broker, Stock
Minimum Initial Deposit $200
Maximum Leverage 500:1
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
Trading fees Depends on Account Type
Inactivity fee No
Withdrawal fee Free
Supported currencies USD, AUD, EUR, GBP, JPY, CAD & More
Customer Support Email, Live Chat, & Phone

What Is Vantage FX?

Vantage FX is one of the leading foreign exchanges (forex pairs) and CFD (Contract for Differences) brokers across the world, established in 2009, and having its head office in Australia and regulated by the ASIC. The company was primarily registered as MXT Global and got its brand name Vantage FX Pty Ltd (Vantage FX) in 2015. Currently, the company (Vantage FX)is a member of Vantage Global Prime Pty Ltd.  The platform is under regulation in 3 jurisdictions including CIMA and SIBL and offers access to over 300 currencies, commodities, Share CFDs, Indices, and much more. Vantage FX provides forex traders access to the most liquid stock exchange Indices from across the globe, including the S&P 500, DAX, FTSE, DJ30, and more. CFDs are complex instruments that also encounter a high risk of losing money and thus they require careful strategies to follow. 

To prevent accounts from losing money rapidly due to leverage and the complex nature of these investment products, the company has launched a next-gen environment (Raw ECN). It is one of the few true ECN brokers and allows traders to trade forex pairs on institutional grade liquidity pools directly from the world’s leading banks and institutions with no spread betting mark-up. However, in some cases, a small commission of $3.00 is charged from the traders. Vantage FX ranks among the Best MetaTrader Brokers in 2021, and Best Copy Trading brokers. Vantage FX distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and compatible 3rd party platforms and tools.

The ASIC-regulated online forex broker (Vantage FX) has live trading servers located in the major financial hubs in New York and London. ECN market liquidity can be easily sourced from these servers and then streamed into the trader’s MT4 retail investor accounts.

Vantage FX Platform InterfaceVantage FX Platform Interface

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Features of Vantage FX

As per Vantage FX review, it provides the following useful features for its customers:-

Easy-To-Use Platform

The Vantage FX offers a user-friendly platform to users that can be used by anyone having a robust internet connection.

Low Minimum Deposit

The broker requires a low minimum deposit fee of just $200 to start trading

Allows Hedging and Scalping

Not all forex brokers allow hedging on their platform because most of the times hedging might increase the broker’s risks. Vantage makes sure that no accounts lose money and for this, Vantage International Group Limited allows both hedging and scalping on its platform which are great add-ons to the credibility of the platform.

Demo Version

As per our Vantage FX review, it offers its registered users to try the demo version first before delving into real live trading. Vantage FX Demo offers a free demo account for beginner traders to train on. The demo version offers all the features of live trading and allows the users with some virtual funds (so that no accounts lose money when trading CFDs) that will be credited instantly as soon as a user creates a demo account on the platform. The stability of your business depends on the amount of capital that you allow to keep your business running. All funds deposited must be under the same name as your Vantage FX trading account. A trader’s capital isn’t going to affect their performance. Instead, your performance will affect your trading capital.

Robust Customer Service

At Vantage users can use multiple channels like email, telephone, or live chat to get in touch with the customer service team who are always ready to answer the traders’ queries.

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Is Vantage FX Regulated?

Yes, Vantage FX is regulated and the broker holds a license from both the Australian Securities and Investments Commission ASIC and AFSL (Australian Financial Services License).

Apart from being under regulation by the Australian Securities and Investments Commission ASIC in the UK, it is also regulated by the FCA (Financial Conduct Authority) for institutional clients registered as Vantage Global Prime LLP and the Cayman Islands Monetary Authority (CIMA). Vantage FX caters to the Australian retail traders under the Vantage FX brand (as an authorized representative of Vantage Global Prime) and to the rest of the world via its Cayman Islands entity.

Vantage FX Review: Pros and Cons

Pros Cons
Regulated broker; regulation by ASIC( Australian Securities and Investments Commission) FCA (Financial Conduct Authority ) and AFSL (Australian Financial Services License). Offers a limited range of trading instruments.
Segregates client funds when trading CFDs and thus ensure maximum protection against hacks. Investor protection is available only for UK investors so that no retail investor accounts lose money.
Low minimum deposit, $200, and accepted in most of the countries of the world. No inactivity fee is charged. VantageFX accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries. Vantage FX lacks a variety of in-house content besides its daily videos, compared to the best forex brokers. 
Standard Vantage FX leverage begins at 100:1 but can also be increased to 500:1 depending on the user’s equity. Vantage FX does not offer a comprehensive range of educational articles for traders. This lack of variety of written educational materials puts Vantage FX at a disadvantage compared to other brokers.

Vantage FX Account Opening Process 

In the Vantage FX review, the login (account opening) process at Vantage FX is completely digital and relatively easy. Opening an account with Vantage FX is just like opening a profile with any traditional bank account online, and users of all countries just have to follow the onscreen instructions as they appear.

Here‘s how to open an account on Vantage FX:-

  • Click on the ‘Live Account’ button on the homepage of the website.
  • Next, the users should enter their full name, phone number, country, and email address. 
  • After this, users are required to enter some more personal details about their taxation country, trading experience, and financial status.
  • In the next step, users are required to select their account type, platform, and account base currencies. Vantage FX enables clients to open accounts and deposit funds in the below-mentioned base currencies.
  •  AUD – Dollars, USD – United States Dollar, EUR – Euro, GBP – British Pound Sterling, NZD – New Zealand Dollar, SGD – Singapore Dollar, JPY – Japanese Yen, CAD – Canadian Dollar.
  • Finally, for the verification process, you need to upload a copy of a photo identity card like a passport and a proof of residence like any utility bill or bank statement.

Users can find the detailed requirements for account opening on the broker’s website. After users open an account and after the completion of the registration process, a minimal amount of $200 is required to be deposited to get started.

Vantage FX Account Opening ProcessVantage FX Account Opening Process

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Types of Vantage FX Accounts

The broker offers 3 types of accounts to its users, namely the commission-based RAW ECN, the commission-free Standard STP, and the PRO ECN. RAW ECN users will find some of the lowest spreads in the industry. All the 3 types of accounts are discussed hereunder in detail:-

Standard STP

This is the most primary account suitable for beginner traders (forex brokers)who are new to forex and CFD trading. The initial deposit required for opening a Standard STP account on the Vantage FX platform is $200. The leverage offered in this account is 500:1. No separate commission is charged from the customers for opening the Standard STP account and the spread is around 1.4 pips. Spreads do not impress unless you deposit at least $10,000 to be eligible for active trader rebates.

Raw ECN

Raw ECN account gives its users the opportunity to trade foreign exchange (forex) on institutional grade liquidity from some of the world’s largest institutions. This broker is able to provide all clients with the lowest spreads. The initial deposit required for opening the Raw ECN account is $500 and the Vantage FX leverage offered is the same as in the Standard STP account, that is 500:1. The platform charges a small commission of $3 to open an account but the spread is 0.0 pips. With the RAW ECN account, traders can experience some of the most competitive spreads and lowest trading costs in the industry. This sort of liquidity and access to tight spreads as low as zero making Vantage FX one of the cheapest forex brokers.

Pro ECN

Pro ECN, as the name implies, is for the pro (professional) traders who are proficient in trading in the world’s leading global markets at a minimum cost. The initial deposit required to open this account is $20,000 which is a little higher than the other 2 accounts but the leverage offered is 500:1. Here also, a small commission of $2 is charged from the clients for opening the Pro ECN account and the spread is 0.0 pips. 

Vantage FX Trading Platforms & Tools

Vantage FX broker offers the following trading platforms to its registered clients:-

MetaTrader4

Like many other brokers, Vantage FX has Metatrader 4 and 5 as a platform. MT4 or MetaTrader4 web trader is the leading online foreign exchange terminal in the world. The broker has introduced the unique broker feature of an Unlimited MT4 demo account! To make the platform more robust, Vantage FX connects it to the various FX liquidity pools through the customized oneZero™ MT4 Bridge. With the help of MetaQuotes, this broker fully exploits the capabilities for trading forex on the metatrader4 platform that largely benefits its users. The MT4 platform offers the users the following features:-

Powerful Charting Tool

The MetaTrader4 platform offers the most powerful charting tool in the market. It allows customers to customize price charts using various chart studies and trade indicators and match them with various other forex traders. Thus, it gives a plethora of account options to traders to choose from no matter what trading style they follow.

Powerful Forex Signals

With the MT4 trading tool, traders can follow every order in real-time, through the powerful forex trading signals. MT4 forex trading signals can be filtered before applying them directly to the user’s account, which allows them to streamline the entire process and follow the most lucrative forex traders.

MetaTrader5

The MetaTrader 5 platform is the most popular forex trading platform amongst all. It is the next generation forex trading platform after MT4 (direct successor of MT4) that rolls off the production line at the MetaQuotes Software Corporation.

MetaQuotes has integrated all of the features of MT4 and upgraded them before embedding them to the MT5 platform and thus it has become the most sought-after forex trading platform to date. Vantage FX users who intend to use the MetaTrader5 platform can access the latest version of MT5 that has advanced features like activated EA and forex signals and overall has the capability to hedge positions. This broker has its NY4, MT5 Equinix Server located in New York that helps the primary liquidity providers and clients to experience the swiftest trade executions possible while they trade on MetaTrader5 through the broker.

Metatrader5 platform offers the following benefits to its users:-

Netting and Hedging

MT5 offers a full suite of trading orders for flexible foreign exchange trading, indices trading, CFDs trading, currency pairs trading, and commodities trading with access to the market depth of Vantage FX’s liquidity provider. MT5’s offering of netting and hedging features allows traders to maintain control of full risk management of their account which is very important for clients in achieving their goals. Soft commodities are an exciting new market that Vantage FX traders now have access to through their MT4 and MT5 platforms. This commodity class is a robust market full of large buyers and sellers of the physical assets that back the futures market. CFDs are complex instruments and come with a high risk that can result in the loss of your invested capital. . You should consider whether you understand how this product works and whether you can afford to take the high risk of losing your money.

Gain Trading Edge

Faster execution speeds, tight spreads, and powerful charting capabilities are some of the unique features offered by the MetaTrader5 platform that helps users gain a trading edge over MT4 users. MT5 allows its traders to watch more timeframes on an innumerable number of charts on the platform which is not possible anywhere else. Moreover, MT5’s inbuilt alert system, helps traders keep track of all important market events without having to consult any external economic calendar. Thus, traders never miss any tick whenever they are trading on MT5.

MQL5 Programming Language

When users run MT5 signals, they get thoroughly tested MT5 trading conditions well before they are even pre-approved by the platform’s developers, which means that all the trading conditions available to trade through the MT5 web trader platform are safe, secure, and credible. This broker also implements an advanced MQL5 programming language for providing a better EA and automated trading experience to users.

MT5 Mobile Trading App

Switching from one MetaTrader platform to the other is seamlessly easy and that is what MT5 users enjoy on the Vantage FX platform; they can seamlessly switch from MT4 to MT5 trading platform. New Vantage FX traders can simply fill in a form and they will be able to use MT5 within a few minutes.

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Vantage FX Offers Social Trading

As per Vantage FX review, it offers the following social trading platforms to help users find the most lucrative trades:-

ZuluTrade

Vantage FX distinguishes itself from other MetaTrader brokers by offering additional platforms, including Zulutrade, and DupliTrade. ZuluTrade is one of the leading online (and mobile) Social Trading platforms in the world that has a large client base. ZuluTrade enables its users to locate successful and professional traders that are ranked by ZuluRank (a proprietary performance evaluation algorithm), and then follow their trades (copy trading). The trades are then translated into real-time trades in the brokers’ accounts. Based on the performance of the traders that the users intend to follow, their trading account becomes an exact replica of the performance of the most talented Forex market traders in the social trading industry. ZuluTrade users can also fully customize the trades initiated by professional traders whom they follow according to their risk tolerance levels and preferences. All these features are directly streamed into the Vantage MT4 trading account of the trader.

ZuluTrade allows its users to manage their accounts through a customizable management suite featuring advanced risk management tools like ZuluGuard, that shield the user’s account against volatile trading strategies. Irrespective of the size of your account, without the application of proper processes and methodologies there is no chance of managing capital effectively, and before too long your capital will dwindle away to nothing.

Getting started with the ZuluTrade trading platform is also relatively easy. Interested users only need to create a Vantage FX live account and fill out the ZuluTrade ‘Opt-in form’ and then link it with the ZuluTrade social trading platform to begin.

MyFXBook Autotrade

This is yet another social trading platform offered by the ASIC-regulated broker. Vantage FX online forex trading broker has partnered with AutoTrade to provide its registered forex traders with FX copy trading services. AutoTrade FXbook is a service available to Vantage FX users that allows them to copy trades from leading and successful FOREX trading systems. The AutoTrade service currently has over 90,000 active FOREX traders registered on its platform. Connecting a Vantage FX account with the AutoTrade tool is also relatively easy and allows traders to automate copy trading strategies and trade using the in-depth analysis and statistics of pro forex traders. For this, users first need to open a Vantage FX AutoTrade trading account that requires the users to have an existing and unique live MT4 trading account; live account holders are always free to open a Vantage FX AutoTrade trading account. After this, the users can link their Vantage FX AutoTrade Trading account with AutoTrade and follow the onscreen instructions as soon as they have a live MT4 trading account.

The AutoTrade tool also does not need any software downloads, it can be easily accessed via any web browsers available to traders.

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Vantage FX Leverage

Vantage FX offers standard leverage that starts at 100:1 but can be increased to 500:1 depending on the equity of clients. However, a trader can change their leverage anytime at the Vantage FX platform but they should be aware of the considerable risks associated with it.

Vantage FX Fees

Overall, Vantage FX’s pricing is in line with the global industry average. Deposit fees are applied when you send money to your trading account from your bank account. The fee structure for various account types are discussed in detail hereunder:-

For Standard STP and Raw ECN account types

There is a typical spread of 1.1 pips charged on the EUR/USD in the Standard STP account, from April 2021. The average spreads for Raw ECN account types are 0.08 pips with an extra commission of $3 charged on each side (on a $6 per round turn), thus totaling the spread amount to 0.68 pips.

For Pro ECN Account Types

For the PRO ECN account types, the trading fees (or spread) at Vantage FX are the most competitive; it charges a commission of $2 on each side (on a $4 per round turn). 

For Active Traders

For active traders, the Vantage FX platform offers a rebate of $8 per standard lot. However, the offer is currently only available on the Standard STP account, which has the highest spreads among all the available options on Vantage FX.

Moreover, there are no inactivity fees or any internal deposit or withdrawal fees charged on the platform. Also, there is no fee for transactions made via debit or credit cards or for electronic wallet withdrawals. Customers can withdraw funds online by simply logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu. One international bank withdrawal per month is allowed free of charge, while all the subsequent withdrawals on the platform are charged 20 currency units like $20 or €20, etc. Click here for a detailed fee structure.

Deposit & Withdrawal Options

As per Vantage FX review, has a wide range of deposit (payment methods) and withdrawal options to their users that are relatively easy to use. Users can find out the available deposit and funding methods from the client’s portal on the broker’s website. However, the funding methods vary based on the base currency pairs and residency of the account holders. The users need to deposit the funds when trading CFDs only through their individual account bearing their name; no third-party payment methods are allowed on the platform. 

Vantage FX however imposes certain restrictions (conditions) as to the number of transactions per day; the maximum amount that can be deposited in a day is AUD 10,000 or other currencies equivalent per card. The broker also imposes a limitation to the first-time funding via card (debit or credit) and is restricted up to a maximum of AUD 1000 or its equivalent. Also, there are no margin requirements, unlike other brokers.

The broker offers the following deposit options- Cryptocurrencies, Bpay, Credit Card, FasaPay, Neteller, PayPal, Moneybookers, Poli, Skrill, and Wire Transfer (bank transfer).

The following withdrawal options are available to Vantage FX clients – Wire transfer (bank transfer) and Credit card. Customers can choose any withdrawal method from the available options.

Vantage FX CPA Affiliate Program

Vantage FX offers an innovative CPA partnership program that allows users (both individuals and corporate clients) to earn huge commissions on referrals and also gain access to highly personalized and targeted marketing platforms like CellXpert. CellXpert offers its clients a complete solution to serve ads, track conversions and click-throughs, manage the performance of various campaigns, and most importantly allow investors to view transparent reports of their earnings. By partnering with the Vantage FX group, users can also take advantage to leverage the global reputation and robust brand recognition of the company.

Resources Offered by Vantage FX

Trading Central serves as the third-party resource provider to the Vantage FX users. Besides this, the ASIC regulated platform offers other useful resources as well that include an economic calendar and various other in-house contents like daily videos on updated news, etc. However, according to some Vantage FX reviews, and user experiences the platform does not provide any comprehensive educational articles as such on its website which according to the reviews is a serious drawback that the company should look into. Here are the resources provided:-

Daily Videos

Vantage FX publishes daily market updates on its YouTube channel. The video streaming on the Trading Central platform helps Vantage group to offer its users more engaging content.

Pro-Trader’s Videos

Vantage FX provides an extensive library consisting of more than 130 videos under its feature called Pro Trader videos. The content for pro-trader videos ranges from short introductory clips for beginner traders to longer advanced concepts across CFDs and (including cryptocurrency trading) for professional traders across various markets.

Calendar

This resource tool is ideal for traders who are looking for signals and actionable ideas. The Analyst trading views are designed as templates to help traders do better analysis driven by automation.

Client Portal

There is a dedicated client portal that is powered by Trading Central offered to clients on the Vantage FX platform. However, for this, the minimum deposit required is at least $1,000 on deposit.

Future Enhancements

Vantage FX continues its scope of research resources by either integrating trading into its client portal or integrating research resources into its platforms. Moreover, it tries to continuously improve its range of in-house content to enhance its offering. The platform’s feeds can come through from as many as 70 institutions when viewing spreads on the MetaTrader 4 platform. This variety allows it to offer industry-leading spreads as low as 0.0 pips on RAW ECN accounts, and 1.0 pips on Standard STP accounts. 

Vantage FX Bonuses & Promotions

As per Vantage FX reviews, it offers the following bonuses to its users:-

Sign-up Bonus

A Vantage FX bonus (sign-up bonus) of $250 is offered to first-time traders on signing up on the Vantage FX platform. Moreover, on each standard lot trading, 2 units of the sign-up bonus are converted into real money which can be withdrawn by the users at any time.

Referral Bonus

A referral bonus of $ 150 is offered to users who invite their friends and relatives to create a real account on Vantage. On meeting certain conditions, the referrals also earn $100 when they sign up on the platform using the Vantage FX referral code.

Additional Bonuses

A trading bonus is offered to the loyal users of Vantage FX that allows them to earn huge rebates via the Active Traders Promotion. However, such rebates are only available to users having an account balance of $10000 or more.

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Vantage FX Mobile App

Trade your way anywhere, anytime, with the Vantage FX app. The Vantage FX app offers easy-to-use, yet powerful mobile trading access to clients over hundreds of FX Pairs, Share CFDs, Indices, and much more. The mobile app is compatible with both iOS and Android devices. It is equipped with an extensive suite of trading and investing tools that enable traders to trade global markets anytime, anywhere, anytime. The Vantage FX broker app offers the following benefits to its clients:-

Powerful Trading Tools

This Vantage FX review covers the mobile trading app offers an extensive suite of technical indicators to users like Moving Averages, MACD, Bollinger Bands, 9 to 10 timeframes, along with various other charting tools. Besides these, the Vantage FX mobile app offers other unique features like order management, alerts, custom watchlists, trading signals by Trading Central, news calendar, and many more. All these make it easier for traders to access the global markets anytime and from anywhere. The broker has a new-and-improved Account Manager System. This way, a trader can get as close to a bespoke trading service as possible. 

Access to Multiple Tradable Instruments

With the all-in-one Vantage FX trading app, users can access more than 300 tradable instruments, including commodities, currencies, indices, share CFDs, and much more. The app also features a swift account creation process and advanced features like in-built funds management for easy deposits or withdrawals.

Updated Market News

According to the Vantage FX review, it has partnered with Trading Central to provide its users with daily market news, global financial commentary, in-depth market analysis, etc. Therefore, the app benefits both the beginner trader as well as the professional ones.

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Vantage FX Security Measures

As per Vantage FX review, it is one of the safest brokers. Vantage FX fully complies with strict financial regulation by multiple authorities that adds to the credibility of the platform. Moreover, the company safeguards its users with its unique ‘negative balance protection feature. The company has also launched a trader compensation scheme that comprises an indemnity insurance scheme to users which allows the users’ funds to be held in separate accounts. However, the investor protection scheme is only available to residents of the UK, which protects retail investor accounts lose money when trading CFDs.

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Vantage FX Customer Support Team

Vantage FX offers several channels like live chat, email, and telephone to let users connect to the customer service team. According to the various Vantage FX reviews, the live chat system is the fastest channel except during the peak business hours when the traders’ queries tend to pile up. The phone support is of average speed but still, the users seem to be impressed with the services rendered but the representatives over the phone. Lastly, queries raised through email get answered within a maximum of 24 hours. The customer support team is available from Monday to Friday, between 9 a.m and 5 p.m.

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Vantage FX Review: Conclusion

Thus, Vantage FX is a reliable CFD and forex broker that offers a handful of product offerings like forex pairs, cryptocurrencies, and CFDs. The platform is perfect for beginner traders and for those who want to trade in for low budgets. While the broker’s research and educational offering continues to expand, Vantage FX has a ways to go to compete with some of the top rated forex brokers in this category. As per the broker review, the low trading fees (or spread), no inactivity fee, etc add up to the platform’s convenience for new traders. However, the limited selection of products (trading tools and instruments) and the restriction of the investor protection schemes for UK residents only call for certain drawbacks that the company should make improvements on; otherwise, the platform is quite reliable.

FAQs

Is Vantage FX Under the Regulation?

Yes, Vantage FX is under regulation by two Tier-1 regulators, Zero Tier- 2 regulators, and one Tier-3 regulator.

How Long Does the Vantage FX Withdrawal Process Take?

All withdrawal requests at Vantage FX brokers are processed Monday to Friday between 9 a.m to 5 p.m. Therefore, requests received after 5 p.m are processed on the following business days.

Is Vantage FX FCA Regulated?

Yes, Vantage FX’s regulation is overseen by the FCA (Financial Conduct Authority).

What Is the Minimum Deposit for Vantage FX?

The Vantage FX minimum deposit is $200.

How Much Commission Does Vantage FX Take?

Vantage FX charges a commission of $3 per lot per trade.

Does Vantage FX Have a Negative Balance?

Vantage FX offers negative balance protection only to UK users.

Does Vantage FX Allow Scalping?

Yes, Vantage FX allows both scalping and hedging.

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