Vantage FX Forex Trade Platform and Broker Review

Vantage FX Forex Trade Platform and Broker Review

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VantageFX Broker Review

Vantage FX is an award-winning financial asset management firm and brokerage established in 2009 in Australia. Vantage FX’s main services surround providing a variety of tradable financial instruments that are spread across several asset classes.

Vantage FX has between 242 employees and is headquartered in Sydney, Australia.

Is Vantage FX Regulated?

Yes, Vantage FX is regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA).

As per the official Vantage FX website, the broker has regulation for a cross-border license which authorizes Vantage FX to provide investment and ancillary services

Vantage FX’s regulations guarantee that the broker ensures client fund security, and these funds are kept in accounts with AA-rated National Australian Banks (NAB), which further guarantees fund safety and instills trust in the broker. 

Is Vantage FX Regulated in the United States?

No, Vantage FX is not regulated in Virginia or any other US state. 

Is Vantage FX Regulated in Europe?

Yes, Vantage FX is regulated in Europe by the Financial Conduct Authority to provide cross-border investment services as a regulated forex broker in Europe.

Is Vantage FX regulated in a Tier-1 Jurisdiction?

Tier-1 Jurisdiction provides Vantage FX with the license to provide financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Vantage FX website, Vantage FX is regulated in Tier-1 jurisdiction.

Is Vantage FX regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction provides Vantage FX with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Vantage FX is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Vantage FX?

Vantage FX offers forex traders the highly popular, user-friendly MetaTrader suite that consists of MetaTrader 4 and MetaTrader 5 along with offering ZuluTrade, MyFXBook AutoTrade, and DupliTrade.

  1. MetaTrader 4 is the most popular forex trading terminal in the world and with Vantage FX, the trading platform is connected to the broker’s deep liquidity pools to offer forex traders the best trade execution speeds and a transparent price feed across several asset classes.
  2. MetaTrader 5 is the next-gen forex trading platform that integrates all the features of MetaTrader 4 with significant improvements on all of these. With MetaTrader 5 and Vantage FX, forex traders have access to all expert advisors, trading signals, and the ability to hedge positions with ease.
  3. ZuluTrade is the most popular social trading platform that provides Vantage FX forex traders with exclusive access to a variety of professional forex traders and some of the most profitable trading systems. All trading signals are streamed directly into the trader’s MT4 trading account seamlessly.
  4. MyFXBook AutoTrade offers Vantage FX forex traders with some of the best FX copy trade services in the industry. MyFXBook AutoTrade is an account mirroring service that allows forex traders to copy the trades of successful forex trading systems directly to their own Vantage FX account, enabling forex traders to make more profitable, improved trading decisions.
  5. DupliTrade allows Vantage FX forex traders to diversify their portfolios by duplicating the trade of proprietary forex traders, allowing them to trade their accounts with real money. Once connected to DupliTrade, forex traders have access to a variety of hand-picked forex traders.

Does Vantage FX Have a News Blog for Forex News?

Yes. Vantage FX offers a free news blog for forex news on its official website. Vantage FX offers forex traders with market news that is updated daily, covering topics such as stocks, occurrences that may affect trades, and more.

Does Vantage FX Have a Traders Dashboard?

Yes, Vantage FX has a forex traders Dashboard in the form of its proprietary Market Buzz that allows forex traders to view the latest news, media coverage, events, and updates from a variety of financial asset classes.

Does Vantage FX Have an Educational Section?

Yes, Vantage FX has an education system designed for forex traders. To join the Vantage FX education system, forex traders can navigate to the education section on the official website. 

What is the content of Vantage FX Forex Education?

Vantage FX has three manuals on MetaTrader 4, one manual on MetaTrader 5, and 11 videos on MetaTrader basics. The SmartTrader tools videos consist of nine different videos covering a variety of topics.

The MetaTrader 4 training manual consists of the following:

  1. “Introduction to Vantage FX’s MetaTrader 4”.
  2. “Introduction to Vantage FX’s MetaTrader 4 for Mac”.
  3. “Introduction to Vantage FX’s MetaTrader 4 for iPad”.

The MetaTrader 5 training manual covers the following topics:

  1. “Installation”
  2. “Customising your MT5 platform”.
  3. “How to use the MT5 Depth of Market tool”.
  4. “MT5 custom indicator installation”.
  5. “Expert Advisors”.

The MetaTrader 4 basics have videos on the following topics:

  1. “How to install MT4 VF+”.
  2. “How to install MT4 SmartTrader tools”.
  3. “How to enable RAW ECN Pairs”.
  4. “How to create and save MT4 Profiles”.
  5. “How to create and save MT4 Templates”.
  6. “How to Change MT4 Chart Colour Settings”.
  7. “How to install an MT4 Expert Advisor”.
  8. “How to install a custom MT4 Indicator”.
  9. “How To Place Trades in MT4 – Stop loss and take profit”.
  10. “How to Install and log into MT4”.
  11. “MT4 Quick Extras”.

The SmartTrader Tools videos consist of the following:

  1. “MT4 Trade Terminal”.
  2. “MT4 Session Map”.
  3. “MT4 Sentiment Trader”.
  4. “MT4 Mini Terminal”.
  5. “MT4 Market Manager”.
  6. “MT4 RTD Link”.
  7. “MT4 Correlation Trader”.
  8. “MT4 Correlation Matrix”.
  9. “MT4 Alarm Manager”.

Is Vantage FX Legit?

Yes, Vantage FX is a legit Forex Broker and Trade Platform that has regulation through SIBL, CIMA, ASIC, and FCA to offer trading services and solutions to forex traders.

Is Vantage FX Safe?

Yes, Vantage FX is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. Vantage FX is regulated by several entities namely:

  • The Financial Conduct Authority (FCA) regulates Vantage FX in the United Kingdom.
  • The Australian Securities and Investments Commission (ASIC) regulates Vantage FX in Australia.
  • The Cayman Islands Monetary Authority (CIMA) and Securities Investment Business Law (SIBL) regulates Vantage FX in the Cayman Islands.

Vantage FX keeps all client funds in segregated accounts with AA-rated National Australian Banks (NAB), separate from the funds of the broker. This ensures that client funds are not used for any purpose other than trading activities.

Is Vantage FX a Good Broker?

Yes. According to the Forex Suggest review, Vantage FX is a good broker for security, trading speed, online support, and cryptocurrencies. 

  1. Vantage FX’s exact trading speed is not known but according to reliable sources, as a result of Vantage FX’s partnership with Equinix and with servers located worldwide in major financial hubs, Vantage FX provides fast and reliable trade execution speeds.
  2. Where security is concerned, Vantage FX makes use of high levels of data encryption along with other security protocols to ensure the safety and security of client information. Vantage FX offers forex traders a secure trading environment and guarantees client fund security.
  3. Vantage FX offers online support to forex traders through a live chat option which is available on the official website, allowing forex traders to make direct contact with a customer support agent.
  4. In terms of cryptocurrencies, Vantage FX offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dash Coin.

What is the Offering of Investment in Vantage FX?

Offerings of Vantage FX can be found below.

Feature Vantage FX
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does Vantage FX have Nasdaq?

Nasdaq, known as the US Tech 100 or the Nasdaq composite is the second-largest stock exchange by market capitalization. Nasdaq tracks the top technology stocks in the US.

Vantage FX offers forex traders with the trade of stock and indices as CFDs that can be traded.

What are the Awards of Vantage FX?

Forex Trading Platform Vantage FX’s awards are listed below.

  1. Excellence in Customer Service (Fintech Awards) – 2021.
  2. Financial Trading Services Provider of the Year in Australia (M&A Today) – 2020.
  3. Best MT4/MT5 Broker & Lowest Trading Costs (Global 100) – 2020.
  4. Financial Trading Services Provider of the Year (CV Magazine) – 2019.
  5. Financial Trading Services Provider of the Year (Fintech Awards) – 2018.
  6. Financial Trading Services Provider of the Year (Global 100) – 2017.
  7. Financial Trading Services Provider of the Year (Fintech Awards) – 2017.
  8. Best ECN Broker, Best IB Broker, Best Customer Support (The Fore X) – 2016.
  9. Best ECN/STP Broker (Forex Awards) – 2016.
  10. Best Forex Execution (IB TIMES) – 2012.
  11. Recommended for Forex (Blue Ribbon) – 2011.

How to Use Vantage FX for Forex trading?

To use Vantage FX, a forex trader should have the necessities below:

  1. Forex traders must have a copy of their identity document along with proof of their residential address for Vantage FX’s “Know Your Client” or KYC process.
  2. Forex traders must be 18 years old, or older to register an account.
  3. Forex traders must be able to pay the $200 minimum deposit.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Vantage FX.

How to open a Forex trader account with Vantage FX?

To open a Forex Trading account with Vantage FX, a trader should follow the steps below.

  1. Forex traders can navigate to the official Vantage FX website and select the option to register a “Live Account” from the homepage.
  2. Forex traders will be redirected to an online application requiring personal details. forex traders must also verify their email addresses. Once forex traders have completed the relevant sections and uploaded their identity document and proof of residence, they can submit their application and wait for customer support to approve their application.

What are the Forex Trader Account Types with Vantage FX?

Forex Trading Platform and Financial Asset Management Institution Vantage FX has 5 different account types that are offered.

Vantage FX Account Types are listed below. 

  1. Demo Account

  2. Islamic Account

  3. Standard STP Account

  4. Raw ECN Account

  5. Pro ECN Account

  • Demo Account

The free Demo account that the company offers is ideal for those who want to practice trading in a risk-free environment before opening a Live account. It offers a simulated trading environment to trade with virtual funds, with no actual gains or losses.

  • Islamic Account

Vantage FX offers forex traders who are of Muslim faith who follow the Sharia law the option of a Swap-free or an Islamic Account. With the Vantage FX Swap-Free Standard STP and Raw ECN account, forex traders can capitalize on institutional grade liquidity while ensuring that they are within the parameters of the Sharia law.

With the Swap-free Standard STP and Raw ECN Account, Muslim forex traders can expect the following:

  • Access to more than 300 tradable assets.
  • Access to Gold and Silver CFDs that do not incur any swap or interest fees when positions are held overnight or over a weekend.
  • Access to Oil CFDs from exchanges around the world without incurring positive or negative swaps.
  • Access to 13 global indices.
  • Access to more than 40 forex pairs.
  • Access to more than 100 Hong Kong and US-listed share CFDs.

Swap-Free Standard STP Account Features:

  • Access to MetaTrader 4.
  • STP execution.
  • Minimum deposit requirement of $200.
  • Leverage of up to 1:500.
  • Micro Lot trading from 0.01 lots.
  • $0 commission charges on trades.
  • Rebates of $2.00 AUD per lot.
  • Spreads from 1.4 pips.
  • AUD, USD, GBP, EUR, SGD, and CAD as the base account currency.

Swap-Free Raw ECN Account Features:

  • Access to MetaTrader 4.
  • ECN execution.
  • Minimum deposit requirement of $500.
  • Leverage of up to 1:500.
  • Micro Lot trading from 0.01 lots.
  • Commissions of $3 per lot, per side.
  • Spreads from 0.0 pips.
  • AUD, USD, GBP, EUR, SGD, and CAD as the base account currency.

 

  • Standard STP Account

The Standard STP account is designed for beginner forex traders who require simple yet direct market access and zero-commission charges. The features of the Standard STP account are as follows:

  • Access to MetaTrader 4 and MetaTrader 5.
  • STP execution.
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs.
  • Minimum deposit of $200.
  • Micro Lot trading from 0.01 lots.
  • Leverage up to a maximum of 1:500.
  • Spreads from 1.4 pips.
  • Commission-free trading.
  • Conversion of promotional credit into cash.
  • AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD as the base currency options.

 

  • Raw ECN Account

The Raw ECN Account is specifically designed for more experienced forex traders who need deep liquidity along with tight and competitive spreads. The ECN Account features are:

  • Access to MetaTrader 4 and MetaTrader 5.
  • STP execution.
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs.
  • Minimum deposit of $500.
  • Micro Lot trading from 0.01 lots.
  • Leverage up to a maximum of 1:500.
  • Spreads from 0.0 pips.
  • Commissions from $3.00 per lot, per side.
  • AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD as the base currency options.

 

  • Pro ECN Account

This account type is designed for professional forex traders as well as money managers who trade high volumes and require some of the best trading conditions. The features of this account are as follows:

  • Access to MetaTrader 4 and MetaTrader 5.
  • STP execution.
  • Access to 44 forex pairs, 16 indices, 19 commodities, and 226 share CFDs.
  • Minimum deposit of $20,000.
  • Micro Lot trading from 0.01 lots.
  • Leverage up to a maximum of 1:500.
  • Spreads from 0.0 pips.
  • Commission from $2.00 per lot, per side.
  • AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD as the base currency options.

How to Withdraw Money from Vantage FX?

To withdraw money from Vantage FX, the following should be done:

  • Forex traders can log into their client portal and by selecting the option to withdraw from the menu.
  • Before making a withdrawal, forex traders must note that even though there are no internal fees for withdrawals, payments to and from overseas banks may attract intermediary transfer fees.
  • As per AML/CTF laws, Vantage FX prohibits payments to and from third parties. 
  • All withdrawals are processed from Monday to Friday between 9 am and 7 pm (AEST) and requests received outside of this time will be processed during the next business day.
  • All withdrawal requests will be processed as per the funding source of origination.
  • All initial withdrawal requests will be verified for safety and security purposes by providing a bank statement that contains the account holder's information and banking details.

How many days do deposits take with Vantage FX?

Some deposits with Vantage FX may reflect instantaneously, such as the case with Credit Cards, JCB, China Union Pay, Neteller, AstroPay, FasaPay, and Thailand Instant Bank Wire Transfer. However, payment methods such as Broker-to-Broker Transfers and International EFTs can take up to five business days.

What are the costs and fees with Vantage FX?

There are four types of costs with Vantage FX namely spreads, commissions, swap fees, and margin requirements. 

The spread is the difference between the bid and the asking price which is indicated in pips, and which can fluctuate depending on market conditions. Commissions are typically a flat fee or rate charged per lot, per side on certain trading accounts.

Swap, overnight, or rollover fees are charged on certain positions that are held open overnight or over weekends after trading has concluded. forex traders can either be debited or credited swaps depending on whether they hold a long or a short position. 

Margin requirements or calls are seen as collateral and must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly, however, leverage must be used wisely.

Vantage FX requires forex traders to consult the MetaTrader 4 trading platform to obtain updated and live information regarding margin requirements as well as swap rates.

What are the Trading Fees with Vantage FX?

Vantage FX does not charge any deposit fees, withdrawal fees, inactivity fees, or account maintenance and management fees.

The Forex Trading Fees with Vantage FX are below. 

The Swap-Free Standard STP Account:

  1. Spreads: from 1.4 pips
  2. Commissions: None

The Swap-Free Raw ECN Account:

  1. Spreads: from 0.0 pips.
  2. Commissions: from $3 per lot, per side.

The Standard STP Account:

  1. Spreads: from 1.4 pips
  2. Commissions: None

The Raw ECN STP Account:

  1. Spreads: from 0.0 pips.
  2. Commissions: from $3 per lot, per side

The Pro Account:

  1. Spreads: from 0.0 pips.
  2. Commissions: from $2 per lot per side.

What is the minimum deposit in Vantage FX?

According to the official website, the recommended minimum initial amount in Vantage FX is 200 USD. 

What are the contract specifications in Vantage FX?

Feature Vantage FX
Forex Trading Yes
CFDs 226
Forex Pairs 44
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 5
Social Trading  Yes

Does Vantage FX have promotional offers?

Yes, Vantage FX Trade and Exchange platform has promotional offers for existing as well as new forex trading account holders. These promotional offers are as follows:

  1. Refer a Friend
  2. Active Trader Program
  3. 50% Deposit Bonus
  4. FX Rebates 10% Bonus

Does Vantage FX have a welcome bonus?

Yes, Vantage FX offers a welcome bonus of 50% for new forex traders.

A welcome bonus is offered to forex traders who register a real account for the first time and it provides them with trading credit. Vantage FX also offers the chance for forex traders to convert their trading credit into cash on the Standard STP Account.

Does Vantage FX have a deposit bonus?

Yes, Vantage FX offers a deposit bonus of 50% of up to $500 when forex traders fund their trading account with a minimum of $200. 

A deposit bonus is granted to forex traders either when they register a new account or with every deposit, according to the discretion of the broker. The deposit bonus that Vantage FX offers is only applicable to new forex traders who register a new trading account.

Is there a commission-free trade bonus in Vantage FX?

No, Vantage FX does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus in Vantage FX?

No, Vantage FX does not offer forex traders a VIP bonus.

Can you start trading with no money at Vantage FX?

No, you cannot start trading with no money at Vantage FX. To start trading, forex traders must pay a minimum deposit of $200.

How does leverage work with Vantage FX?

Vantage FX offers 1:30 leverage for EU forex traders and 1:500 for non-EU forex traders.

Leverage is a useful tool that allows forex traders to open larger positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. Leverage can maximize the trader’s profit potential, but it can also expose forex traders to significant losses.

Forex traders can change leverage by hovering over the “Clients” tab and selecting the option to “Change leverage”.

Where are the headquarters of Vantage FX?

Vantage FX is headquartered in Sydney, Australia with offices in the United Kingdom and the Cayman Islands.

Who is Vantage FX’s CEO?

The CEO of Vantage FX is David Shayer who has held the position since January 2019. David Shayer graduated from the University of Aberdeen in 1994 with his MA (Hons) in Economics.

What are the social media accounts of Vantage FX?

Forex traders can follow Vantage FX on the following social media accounts:

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Telegram

How many employees do work for Vantage FX?

According to official sources, Vantage FX has over 242 employees.

What are the opinions about Vantage FX?

Vantage FX has built a good reputation through its years in operation and there are many good customer reviews on the broker and its services. Vantage FX is known for offering competitive trading conditions and excellent customer services.

What are Vantage FX Contests?

Vantage FX does not run any contests.

Vantage FX does not currently have any contests and there are no announcements on the official websites that indicate whether there will be contests held in the future.

Does Vantage FX have online support?

Yes, Vantage FX offers online support to forex traders through the live chat option that is available at the bottom of each screen on the website. Online support can be contacted 24 hours a day, 5 days a week.

Does Vantage FX offer demo accounts for Forex trading?

Yes, Vantage FX offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

  1. Forex traders can navigate to the official Vantage FX website and select the blue “Demo Account” banner from the homepage.
  2. Forex traders must complete the short online application by providing their first and last name, country of residence, mobile number, and email address.

Does Vantage FX have a mobile app for Forex trading?

Yes, Vantage FX offers the Direct App for Android and iOS. 

The Vantage FX app features a suite of technical indicators along with nine different timeframes, advanced charting tools, and features including order management, a news calendar, alerts, and trading signals presented by Trading Central.

With the Vantage FX app, forex traders have access to all financial instruments that can be traded. In addition, forex traders are also provided with global financial news and in-depth market analysis from the palm of their hands.

Does Vantage FX publish an economic calendar?

Vantage FX offers forex traders an economic calendar on the official website.

An economic calendar is a crucial trading tool that provides forex traders with the ability to view relevant economic information which is scheduled to be released. Such events could impact the financial markets and subsequently, the trader’s trading.

With the Vantage FX economic calendar, forex traders are offered an accurate, updated release schedule to assist them in anticipating any major movements that may occur in the market.

One disadvantage of the Vantage FX economic calendar is that it is not a free trading tool and forex traders must have a verified trading account before they can access this.

What is the communication information of Vantage FX?

Vantage FX has three telephone numbers, one main business address, and two additional addresses.

Vantage FX’s main telephone number is +44 208 036 3883

Vantage FX’s main business address is 31 Market Street, Sydney, New South Wales 2000, Australia.

Alternative contact numbers are:

  • United Kingdom: +44 (0) 207 043 5050
  • Australia: +1300 945 517

Alternative addresses are:

  • Cayman Island: Artemis House, Grand Cayman.
  • United Kingdom: 7 Bell Yard, London, England.