Vantage FX Review – Online platforms, Commission, Leverage, Account Types, Features & more
Take a look through this article to learn about Vantage FX Review.
We have catered for the information such as its Online platforms, Commission, Leverage, Asset Classes, Account Types, Features & more.
About Vantage FX & Accepted Countries
Founded in 2009, Vantage FX is Australia’s leading online financial trading platform.
The company’s backbone consists of a specialized team with experience in finance and technology. It is the face of vantage global Pty Ltd.
It provides traders the ability to access the forex markets, indices, and commodities, and shares CFDs.
The company accepts traders from most countries that include the United Kingdom, South Africa, Australia, France, Germany, Thailand, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, India, Qatar, Luxembourg, and Hong Kong.
However, traders can now access Vantage FX from the United States of America and Canada.
|Founder / CEO||David Bily|
Open a Forex Trading Account Now! – Fill up the Form
Vantage FX Trading Platforms
Regardless of the account type, the traders of Vantage FX can get access to the global FX markets through its MetaTrader 4 and MetaTrader5 platform.
These two are the most popular and installed trading platforms in the world. They have respect in the forex trading world.
These platforms provide traders with rapid trading execution. They can be accessed via any device and from anywhere and are available in 32 different languages with 24 hours of market service.
The clients can also gain access through various mobile trading apps that are available for iPhones and androids.
|Trading Platform||MT4, MT5, WebTrader|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English|
Vantage FX Mobile App
The Vantage FX provides its clients with their official MetaTrader mobile apps. They offer their clients and traders three different mobile trading applications.
The company has various apps available for iPhone, Android, and blackberry users which can be downloaded from their respective stores and sites.
These mobile-friendly apps are easy to handle and enable real-time trading with the help of tick charts. The traders can also set their loss order and profit margins for informed decisions.
Check out Mobile Apps of more Forex Brokers
Vantage FX Commission or Brokerage or Fees
The company’s trading fees are comparatively flexible and depend entirely on the type of account the client chooses.
Vantage FX has a relatively low and competitive spread when compared to the offers made by other brokers via a spread list.
Initially, the spread is from 0.0 pips with additional commissions of $2 per lot per side when the clients use the Pro ECN Account.
Accordingly, for a Raw ECN account, the spread starts from 0.0 pips with a commission of $3 per lot per side.
Lastly, if the traders have selected the standard STP account, then they have to bear the spreads starting from 1.4 pips and there is no commission charge on the trades.
The company does not charge internal deposit or withdrawal fees. They may charge transfer fees independent of the company.
The company also does not waive any additional broker fees such as inactivity fees.
|Commission on trades||Yes|
Vantage FX Exposure or Leverage
Vantage FX has standard leverage that initiates at 100:1 and can be further increased depending upon the client’s account equity to its maximum of 500:1.
However, if the traders wish to change their leverage they must be aware of the considerable risks that come along with it.
|Maximum Leverage||Up to 1:500|
Payment Methods Provided by Vantage FX
Vantage FX offers its clients a wide range of payment methods and is also easy to use. The payment options are available on the client’s portal.
Note that, the Payment options differ based on the residency and base currency of the account.
The clients need to deposit the money via their account and under their name and any third-party payments are strictly prohibited.
There is also a limit to the amount of transaction and the maximum amount deposited on a given day is AUD 10,000 and other currencies equivalent to this per card.
There is also a limitation to the first-time funding of an account via card and is restricted to AUD 1000 or equivalent.
Vantage FX ensures that they refund any extra amount on their client’s initial deposit back in their credit card.
|Deposit Options||Bpay, Credit Card, Cryptocurrencies, FasaPay, Moneybookers, Neteller, PayPal, Poli, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Wire Transfer|
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by Vantage FX
Vantage FX is a must-have for all the traders who desire to keep themselves updated about the unfolding market growth and development and grab these opportunities by making quick investment decisions.
The company offers a massive range of asset class options to its traders.
They have more than 300 financial CFD instruments that cover everything from indices to energies and share CFD from countries like the UK and the US.
|Supported Cryptocoins||bitcoin, bitcoin cash, ethereum, litecoin, ripple|
|Total Tradable Assets||306|
|Number Of Currency Pairs||44|
|Number Of Cryptocurrencies||5|
|Number Of Stocks||225|
|Number Of Indices||16|
|Number Of Commodities||16|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
Vantage FX Virtual Trading or Demo Account
The company provides its first-time users with an opportunity to open a completely functional demo account for forex trading. Signing up for Demo accounts opens up a plethora of opportunities for the users.
It allows people to have real trading experience with simulated money. It is an opportunity for the clients to gain experience with absolutely no risk.
They also get to test various financial markets to observe how they work and it can further help to figure out what products may work best for them.
They may also look at their past performances and interpret where they went wrong to correct their strategies before investing the real capital.
This account proves to be a foundation for the traders to improve their overall strategy and jump into the trading world with confidence.
|Virtual Money||$ 5000|
Vantage FX Offers or Deals
The company offers deals for every type of trader. One such deal is the 50% bonus that can be claimed by the traders if they deposit funds in their trading account and fill an opt-in form that is provided.
This bonus that amounts up to $250 can then be converted to real equity for trading. However, the traders need to make an initial deposit of $200 and up to $500 original deposit to participate.
This offer is available for MT4 STP, MT4 ECN, and MT5 accounts. Another offer that they provide is a 10% trading credit bonus when the traders deposit any amount.
It is between $1000 and $20000 irrespective of the new or existing trading account.
They also ensure that for every standard FX lot that the client trade, the company will convert $2 of the client’s trading credit into real equity on their trading account.
This offer can be claimed by verified MT4 STP accounts. An existing member may also be eligible for the company’s free VPS offer.
If a trader has a minimum balance of $1000 in their accounts, then they need to complete the opt-in form.
Then choose a VPS to provide as per their preference. The clients can trade a minimum of 10 standard FX lots.
Before, claiming these offers, it is also mandatory to read all the terms and conditions that the company may apply.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
Vantage FX Regulation or Licensing
Vantage FX states that it is mandatory to read the legal documents that apply to the entity the client is registering with.
The vantage group of companies regulates and authorizes in a different jurisdiction. Vantage FX abides by the stringent financial regulations set out by CIMA.
The Cayman Islands’ monetary authority regulates and authorizes the company.
Find out Regulations & Licensing of more Forex Brokers
Vantage FX Features
The company offers several trading features. They provide their clients with a special set of products that helps in their trading if they have a live account with a minimum of $1000 funded with vantage FX.
For instance, The Company equips them with pro trader tools via which their clients gain free access to trading central tools.
It includes trading ideas, a calendar to view live events, and an analyst view with 24/7 global coverage.
Their clients may also connect with famous social trading platforms to observe the other traders.
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Vantage FX Account Types
Vantage FX provides a different account for all kinds of traders.
A standard STP account is ideal for the traders who want to jump into this venture of the trading environment.
RAW ECN account holders will have the opportunity to trade forex on institutional grade liquidity from the world’s largest institutions.
PRO ECN is for professional traders who trade in the world’s global markets at a minimum cost.
|Account Type||Standard STP||RAW ECN||PRO ECN|
|Spread||1.4 pips||0.0 pips||0.0 pips|
Vantage FX Account Opening Process
The process of opening an account at Vantage FX is online process and user-friendly. This means, that one can go through the account opening process and understand it easily in front of the device.
Opening an account with Vantage is like opening an account with any regular Bank and the online process could be followed. It can be quickly done just like any email account if you can find the right broker.
The background check will be performed after the account opening request. The background check might also take a few days to be completed and the account opening does not incur any charges.
For being able to open an account in a Vantage FX, you are particularly required to submit proof of identity and proof of residency.
As you already know this process is completely digital. One difficulty is that some brokers may require or ask for some physical hard copies of your documents.
Vantage FX has certain requirements in documents for identification purposes
Valid identification proof, deed of the foundation for opening an account. You can go through all the procedures on the company’s website.
After the completion of the account opening and registration process, a minimal amount should be transferred to the account recently opened.
The user will be able to use this account balance whenever the need be. The company’s account opening process is completely digital and fortunately, almost anyone can open an account.
This means that the registration process is at your fingertips, and it is user-friendly. There are different types of accounts with specific requirements so the clients should choose the one that they prefer.
However, if you are looking for an online brokerage company, you have to pay charges. The valid identity proof is a must-have document along with your residency proof.
After opening an account and going through the registration process, it is mandatory to transfer the minimum deposit to the brokerage which is $200 at Vantage FX.
Only then, the clients can start with the trading process.
Vantage FX Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||ECN, STP|
|Maximum Leverage||Up to 1:500|
|Suitable for beginners||Yes|
|Suitable for professionals||No|
|Suitable for scalping||Yes|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||Yes|
Vantage FX – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team :
|Daily Market Commentary||No|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Vantage FX Benefits
While creating the services in Vantage FX, they ask about what traders might expect or want from a forex broker.
Based on these certain assumptions and questions, it chooses what exactly they need and includes what values or features to look forward to.
Vantage FX is obvious with fair and strong regulation; it lets the clients trade on the powerful platforms of the program and offers extremely fast trading implementation.
It can provide for trade forex, commodities, cryptocurrencies, and indices. Vantage FX has amazing customer care service and a great set of promotions they practice.
It is more appealing to new traders in the company or those who have a desire and ability of their levels of risk and investment at the lower end of the practice.
Vantage FX Cons or Drawbacks
Only brokers offer forex, so the product portfolio and the customer service also need improvement.
Vantage FX does not provide added value for existing or experienced traders in the company or those wishing to adopt a higher risk strategy.
Vantage FX Trading Hours
The site of Vantage FX is open and can be used 24 hours of the day. Trading is available in the company when the relevant markets are open for trading and dealing.
Vantage Customer Care or Contact Details
The customer care can be contacted through a phone call, dialing the mentioned number (1300 945 517), or by sending your queries or questions through email i.e. @vantagefx.com or the live chats conducted by the company.
|Support During Weekends||No|
|Live Chat Support||Yes|
|Customer Support Languages||Chinese, English, French, Portuguese, Spanish, Thai, Vietnamese|
Vantage FX Safety and Security
The company brings in a trader compensation scheme and has indemnity insurance which means the funds will be held in separate accounts.
Vantage FX Rating & Review
Based on the user experience, the following rating and reviews are provided.
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.2 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||7.9 / 10|
|Total Client Reviews||76|
Conclusion or Verdict – Vantage FX
This is a perfect platform for traders who are just beginning. Those who desire to trade in small amounts of money or a low budget can use it well.
The additional partners can also provide additional variety and value to traders. Other than these few features, there are some other factors to differentiate it.
You can find it out from certain other trading sites that are available largely online.
Open a Forex Trading Account Now! – Fill up the Form
Learn everything about Forex Trading