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Vantage FX Review

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Vantage FX is an Australian regulated forex provider founded in 2009, granting traders access to the global forex market with fast forex trading execution, as well as interbank grade, RAW ECN spreads. Clients can also access forex trading markets through Vantage FX’s Forex trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.

Vantage FX has also introduced the next generation RAW ECN trading environment which gives traders the opportunity to trade forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 commission. Vantage FX’s standard leverage also starts at 100:1 but can be increased up to the maximum of 500:1 depending on account equity.

Vantage FX has live trading servers located in the major financial hubs of both London and New York. From these trading servers, ECN market liquidity is sourced and streamed into trader’s MT4 accounts. There are also further ongoing enhancements to the Vantage FX trading network of servers and data centres, including updates to both hardware and physical locations.

Pros

  • Segregates client funds
  • Established in 2009
  • Regulated by ASIC
  • Min. deposit from $100

Cons

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Vantage FX offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by ASIC (AFSL #428901). Vantage FX puts all client funds in a segregated bank account and uses tier-1 banks for this. Vantage FX has been established since 2009, and have a head office in Australia.

Before we dive into some of the more detailed aspects of Vantage FX ’s spreads, fees, platforms and trading features, you may want to open Vantage FX ’s website in a new tab by clicking the button below in order to see the latest information directly from Vantage FX.

Visit Vantage FX

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Vantage FX screenshot Open a demo account

Losses can exceed deposits

What are Vantage FX's spreads & fees?

Like most brokers, Vantage FX takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Vantage FX’s website. The colour bars show how competitive Vantage FX' spreads are in comparison to other popular brokers featured on BrokerNotes.

Vantage FX
EUR/USD (Average: 0.7 pips) Not offered 0.5 pips 0.8 pips
GBP/USD (Average: 1.1 pips) Not offered 0.5 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 1.6 pips 4.0 pips
AUD/USD (Average: 0.8 pips) Not offered 0.5 pips 4.6 pips
USD/CHF (Average: 2.3 pips) Not offered 1.6 pips 4.0 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 4.6 pips
NZD/USD (Average: 3.6 pips) Not offered 2.3 pips 5.7 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 3.9 pips

Spreads are dynamic and are for informational purposes only.

As you can see, Vantage FX’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Vantage FX vs. similar brokers.

See all Spreads

How much does Vantage FX charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Vantage FX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $8.09. Here’s a rough breakdown of the fees and how this compares against City Index & XTB .

Vantage FX City Index XTB
Spread from: $ 0.00 $ 5.00 $ 2.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 5.00 $ 2.00
$5 more $2 more
Visit Vantage FX Visit City Index Visit XTB

All fees/prices are for informational purposes and are subject to change.

General Fees

  • Vantage FX doesn’t charge inactivity fees*
  • Vantage FX withdrawal fees varies on payment method

Commissions

  • Vantage FX does charge commission on CFD shares

What can you trade with Vantage FX?

Vantage FX offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Vantage FX below, along with the instruments offered by City Index and XTB for comparison.

FX / Currencies Vantage FX City Index XTB
# of forex pairs offered 84 48
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Vantage FX City Index XTB
# of commodities offered 26 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Vantage FX City Index XTB
# of Stocks offered 4500 1606
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Vantage FX's InstrumentsSee City Index's InstrumentsSee XTB's Instruments

What’s the Vantage FX trading experience like?

1) Platforms and apps

Vantage FX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

Vantage FX Screenshot

Vantage FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Vantage FX 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Vantage FX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Vantage FX allows you to execute a maximum trade of 20,000 lot. As Vantage FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, Vantage FX may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Vantage FX offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

Vantage FX support a limited number including English and Mandarin.

Vantage FX has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with Vantage FX

As Vantage FX is regulated by ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Vantage FX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Vantage FX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vantagefx.com/ on 01/07/2019.

Losses can exceed deposits