Vantage FX Review

  • Regulated by: ASiC
  • Headquarters: Australia
Website : Vantage FX
Established : 2009
Country : Australia
U.S. Clients Allowed : No

vantage-fx

Established in 2009, Vantage Forex is an online forex broker based in Australia. It is headquartered in New South Wales.  Vantage FX is considered as one of the top ten brokers in the world. The broker offer state-of-the-art technology and competitive spreads to its traders. With numerous accolades in its kitty and by being regulated by renowned regulatory body ASIC, Vantage FX has proved itself in the market and has gained the trust of many traders.  In the past decade, Vantage FX has been able to provide its client a transparent and secured platform to conduct their trade.

Regulations

Vantage Forex falls under the jurisdiction of ASIC (Australian Securities and Investment Commission). The regulatory forum ensures that Vantage FX follows strict regulatory measures and maintains a high operating standard. Under ASIC’s jurisdiction it is mandatory for Vantage FX to have stringent internal measures in place for the accounting, risk management and formal audits in order to receive a license to function as a broker.

Vantage FX Reliability

As being a regulated broker with ASIC, Vantage FX is required to maintain separate accounts for client and broker funds, this ensures that the client’s funds are safe and gives its traders ample peace of mind and assurance.

Apart from being ultra secure, Vantage FX provides its client with sophisticated trading environment; it uses fibre optic network to enable its traders to benefit ultra fast trade executions.  As a result of access to ECN, the traders at Vantage FX gain an access to interbank raw spreads, give them an edge over other traders in the market.

Trading Platforms

 

The traders can choose from an array of trading platforms at Vantage FX. The broker offers industry – favourites MetaTrader platforms and social/peer trading platforms such as Myfxbook AutoTrade and ZuluTrade

MT4 & MT5 platforms

The MetaTrader platforms are considered the industry standard when it comes to online forex trading. It comes equipped with a wide-range of technical tools such as extensive charting package, technical indicators,  multiple order types support and auto – trading.  The platforms support single click trading as well as multiple time frames. As the MetaTrader platforms display real time communication it enables real time price and news updates.

The platforms come in different versions. Download and installation of the client software is needed for the desktop version, however; it can also be accessed through a web browser.

Mobile Trading

The traders can also download the mobile trading applications in the IOS and Andriod version and enjoy trading on the go. These applications are especially designed for use of the small screens of cell phones, and provide a hassle free solution for traders to utilize their time to the optimum.

ZuluTrade

Once again an industry standard when it comes to social trading, through ZuluTrade the traders can have access to an extensive network of professional traders and their trading strategies. The trades at Vantage FX can choose which experience traders and trading strategies to follow on account of complete transparency. The beginners can significantly lessen their learning curve by taking advantage of the vast pool of resources and knowledge available to them on this platform.

Myfxbook AutoTrade

In addition to the availability of the ZuluTrade social trading platform, Vantage FX has also partnered with Myfxbook AutoTrade to bring the most popular forex copy trading platform to their doorstep. AutoTrade is an online platform that gives Vantage FX traders access to more than 90,000 trading systems to copy from. As a client of Vantage FX, you can automatically copy the trades of your more successful peers, by creating a portfolio with your Vantage FX account.

VantageFX traders also have the choice of using the industry popular copy-trading platform, Mydfxbook AutoTrade. The platform gives the traders more than 90k trading systems to emulate from.  It enables the trader to emulate the trades of his more successful colleagues and peers by creating a portfolio with your Vantage Forex account.

Vantage FX Instruments

The traders have a choice of fifty different types of instruments to trade at Vantage FX; out of the fifty, forty are forex pairs.

Account Types 

Vantage offers two main account types for trading – The Standard Account (STP) and Raw ECN account.

In addition to the above it also offers Islamic trading accounts to the Muslim traders who wish to abide by the Sharia principles; and it offers two main demo accounts types – Vantage FX demo account and the unlimited Meta Trader 4 demo account.

Commission & Spreads

InstrumentSpreads (in pips)
EUR/USD0.4 pips
AUD/USD0.4 pips
GBP/USD0.9 pips
USD/JPY0.6 pips
SPI2001.00 pip
DAX301.70 pips
SP5000.6 pips
CL-OIL0.068 pips
XAU/USD0.27 pips

Vantage FX fees are procured real time from around seventy different banks and liquidity providers. As a result of which, the raw ECN spreads available to Vantage Forex are extremely low as compared to the industry standards, the spreads start from as cheap as 0 pips. The table below displays raw spreads that the traders at Vantage Forex can expect.

Deposits & Withdrawals Options

Vantage FX offers several methods of fund transfers. They are as follows

Credit/Debit Card, E-wallets, Bank Transfer within Australia and International, Broker to Broker transfer.

The methods mentioned above are applicable to both Vantage FX deposits and withdrawals.  There is zero fee charged on withdrawal made and they are processed within the same business day, the duration may vary as per bank internal processing timings.

Bonus & Promotions

The broker does not provide any bonuses to its client; it however does run contest from time to time which attractive rewards such as iPhone 7 or iWatch etc. They also have a ‘Refer a Friend’ program wherein the traders can earn up to $100 on a successful referral.  They also have a loyalty programme which rewards the traders with a $2 rebate on their trading cost per ever traded lot. It also provides an interest of 8.88% to the traders which are in positive account balance.

Customer Support

The VantageFX website can be accessed in Thai, Chinese, Malays, English and Spanish for easy of trading outside Australia. It has a 24/7 customer support which can be reached via email, live chat, telephone or fax.

Conclusion

Vantage FX is an ideal choice for forex trading on several accounts. It is regulated with ASIC and it offers some of the most economical spreads in the industry, and a reasonable commission of $3 per trade. VantageFX provides several industry standard trading platforms and makes it easy for traders to enter the market by making open a trading account minimum deposit as low as $100. The traders are sure to benefit from VantageFX extensive offerings.

Vantage FX Review

Vantage FX Review
9

Easy to use

9.0 /10

Fees

9.0 /10

Support

9.0 /10

Payment

9.0 /10

Pros

  • Intuitive Platform
  • Easy deposit and withdrawal options
  • Free Signals
  • 55 currency pairs
  • Tight Spreads

Cons

  • US Traders not Allowed
Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.