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VANTAGE FX REVIEW
Is VANTAGE FX one of the best Australian Forex Brokers? We conducted an in-depth review in February 2023 to find out the answer and bring it to you!
Vantage FX is a Sydney, Australia Forex broker true ECN founded in the year 2009.
The company is licensed and regulated by the Australian Securities and Investment Commission (ASIC), with a reputation earned from having built up its trustworthiness through transparent operations in the forex market, as well as providing a highly-secure and stable trading environment for it forex traders. Over the years, Vantage FX has won numerous industry awards and, today, is one of Australia’s top online Forex brokers.
Traders can choose to trade over 100 financial instruments, including Forex, indices CFDs, commodities, and six of the world's most popular cryptocurrencies. Bitcoin trading with this forex broker is easy as trading forex.
|💻 Trading Platform||MetaTrader, myFXbook|
|🏢 Head Office||Sydney, Australia|
|⭐ Reviews||3.6 - 15 Reviews Trust Pilot|
|↔ Maximum Leverage||500:1|
|🖥 Execution Servers||NY4 & LD5|
|📡 Broker Type||ECN|
|💰 Negative Protection||No|
|📊 Trading Options||Forex, CFDs, Crypto|
|OUR RATING: 8.3|
|The overall raiting is based on review by our experts
|👌 Reliability: 9 / 10||📈 Spread: 9 / 10|
|🞧 Offers: 7 / 10||🚅 Speed of Execution: 9 / 10|
|📧 Customer Service: 8 / 10||👍 Uptime: 8 / 10|
|Spread:||From 0.0 Pips|
|Cuts out Dealing Desk:||Yes|
|Methods of deposit and offers|
|Deposit / Withdraw:||Broker2Broker|
|Rebates Engine Forex:||Coming soon!|
SECURITY, MARGINS AND TECHNOLOGY
SECURITY AT VANTAGE FX
- ASIC regulated
- True ECN broker
- FCA and CIMA licensed
- No dealing-desk intervention
Vantage FX is a licensed and regulated CFD and foreign exchange broker. The firm manages three entities which are licensed and regulated in various jurisdictions as follows:
- Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC). The company holds an Australian Financial Services license (AFSL no. 429801).
- Vantage Global Prime LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA) with FRN: 590299.
- Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491.
All clients’ money are kept separate from the company’s and are securely stored in segregated trust accounts. The company guarantees that client money are never used for operational or investment purposes.
Vantage FX further complies strict financial industry standards, looking to leave no stone unturned in providing a highly-transparent but also a secure environment for its clients.
CHARGES AND MARGINS AT VANTAGE FX
- Spread mark-up or
- Commissions per standard lot round-turn
- Up to 500:1 leverage
- $200 minimum deposit requirement
Vantage FX offers a choice between two unique trading account types, which come with different advantages and features. Clients can choose between a Standard (STP) and Raw (ECN) account type, then further select from MT4, MT5 and MarketTrader Forex trading platforms, as well as the popular social trading platform ZuluTrade.
A minimum deposit requirement is set to $200 (AUD or base currency equivalent) for the Standard account type and $500 for the Raw account type. Clients have a choice of between eight different account base currencies.
Traders can choose from 70 currency pairs, 10 stock index CFDs, six cryptocurrency CFDs (Bitcoin, Ethereum, Ripple, Litecoin, Dash and BitcoinCash), precious metals, energies and soft commodities.
Leverage can be set as high as 500:1 on both Vantage FX account types.
Vantage FX guarantee no spread markup charges on their Raw (ECN) account – the spreads a client sees are final. Instead, a commission of $3 is applied per lot (round-turn). The Standard (STP) account option runs without commission but a spread markup is applied to each trade.
Spreads start from 0.0 Pips with the Raw ECN account type and 1.0 Pips on the Standard account type.
- Reliable trade execution
- True ECN & STP broker
- MT4 & 5
- Zulu Trade social trading platform
Vantage FX clients have 15 trading platforms to choose from. Well, to be completely clear, it’s actually four trading platforms that can be used for both trading account types – Standard (STP) and Raw (ECN) – and on pretty much any device known to man.
All Vantage FX forex trading platforms have a real-time two-way connection to MT4 and MT5. All of their forex trading software update simultaneously, meaning that traders can open, close, place and amend live positions or pending orders in real-time on a desktop. All of this can be achieved via any web browser or directly from any smartphone/iPhone or iPad.
Another platform supported by Vantage FX is MarketTrader, a fairly new web-based trading platform. This platform can be utilized in conjunction with MT4 to allow for higher performance, superior charting and increased stability. Furthermore, it uses all the advantages of the brand new, upgraded fibre-optic Vantage FX infrastructure for MT4.
Clients interested in social trading have access to the ZuluTrade platform and its network of traders, which allows them to copy-trade with other investors that are also using the platform.
Vantage FX further provides a massive stack of free trading tools to the dedicated trader. For example, a $1,000 deposit gives access to the SmartTrader tools package for MT4. This set of professional trader toolsets allows for another dimension of trading thanks to its various alarm types, matrix correlation applications, session maps and so forth.
A free VPS hosting service is provided to clients that trade a minimum of 10 standard Forex lots (round-turn) per month, which adds stability to an already super-fast and reliable trading environment.
Execution of Speed Comparison
CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES
AN OVERVIEW OF VANTAGE FX's CUSTOMER SERVICE AND CLIENTS
- 24/5 customer support
- 2 account types to choose from
Customers have good-quality support at their disposal, which can be obtained via LiveChat, telephone or email.
Clients with a higher trading volume (at least 10 lots per month) have access to a free VPS hosting service. In addition, traders that fund their account with $1,000 or more are provided with a free, advanced toolset.
All customers can choose between two different account types, which vary in terms of minimum deposit amounts, minimum spreads and the potential application of commissions or rebates to suit their requirements. The minimum deposit requirement is set to $200 for the Standard account and $500 for the Vantage FX Raw account. The Raw account has the benefit of ultra-low spreads starting from 0.0 Pips but comes with $3 commission per lot traded, whereas the Standard account’s spreads start from 1.0 Pips but no commission is charged.
Available trading products include 70 currency pairs, 10 stock index CFDs, six cryptocurrency CFDs (Bitcoin, Ethereum, Ripple, Litecoin, Dash and BitcoinCash), precious metals, energies and soft commodities.
Overall, we find Vantage FX’s customer support very approachable and easy to deal with.
FOREX AND OTHER TRADING OPTIONS AT VANTAGE FX
- 70 currency pairs
- 6 cryptocurrency CFDs
- Metals, energies & soft commodities
- 10 indices CFDs
Vantage FX offers 70 currency pairs, 10 stock index CFDs, six cryptocurrency CFDs (Bitcoin, Ethereum, Ripple, Litecoin, Dash, BitcoinCash), precious metals, energies and soft commodities.
Traders can choose to trade on the abovementioned options, including some of the world’s top markets, including the Australian S&P 200 Index, UK FTSE 100 Index, Dow Jones 30, Germany’s DAX 30, Japan’s Nikkei 225, Euro Stoxx 50 and Hong Kong’s Hang Seng 50.
Another outstanding feature of Vantage FX is there choice of tradable cryptocurrencies: six of the top cryptos can be utilised - a large selection compared to most other brokers!
Vantage FX offers leverage of up to 500:1, eight different funding currencies, micro-lot trading starting from 0.01 lots and ultra-low spreads of 0.0 Pips (with a Vantage FX Raw [ECN] account). The minimum deposit requirement is set to $200 on the Standard account and $500 on the Raw account.
With Vantage FX’s Raw account, commissions of $3 (per lot ) are charged. Their Standard account runs free of commission but comes with calculated spread mark-ups.
SPECIAL FEATURES OF VANTAGE FX
- True ECN & STP broker
- MT4 & 5, Zulu Trade & MarketTrader platforms
- Tight spreads & leverage up to 500:1
- Free VPS & advanced tools available
Vantage FX offers ultra-low spreads from 0.0 Pips and a high leverage of up to 500:1.
Top-notch technology, fast-order execution and a stable trading environment are provided.
Over 100 financial instruments are available, including 70 currency pairs and six cryptocurrencies.
Most trading types, such as Expert Advisors (EAs), scalping and hedging, are allowed.
Metatrader4 and 5, as well as MarketTrader, are available as trading platforms.
ZuluTrade is further available for traders who are looking to connect to a social trading network and who use copy-trading strategies.
When using Vantage FX’s Raw account, users can enjoy a ‘true ECN’ environment with lower spreads and faster execution speeds.
A free VPS hosting service, as well as extra tools, are available when certain requirements are met, that allow for advanced trading conditions.
Max Leverage Comparison
Vantage FX is one of Australia's top online Forex brokers with a strong offering and excellent customer support. The company is licensed and regulated by the ASIC and provides great trading conditions to its clients. Overall, trading platforms and conditions are at a high standard and a good selection of tradable instruments is available, especially for clients looking to mainly trade on Forex, but also wish to trade some of the most popular cryptocurrencies.