- Low fees
- Fast account opening
- Seamless deposit and withdrawal
- Limited product selection
- No investor protection
- Customer service could be improved
Company Information
Vantage FX was grounded in 2009 in Australia. Now is the brand name of the Vantage International Group regulated by the Cayman Islands Monetary Authority. It has been created to help their clients achieve their financial goals. The broker offers services developed for both beginner and professional traders with access to trade on 300+. It can also boost with exceptional execution speed, and award-winning customer service.
Markets
Vantage FX offer traders a range of assets and financial markets to trade. You can choose which to trade or you can always combine the following asset classes:
● Forex
● Commodities
● Indices
Trading accounts
Vantage FX offers three different account types. The most popular ones are the Standard STP account, with a minimum deposit of $200, or the Raw ECN account with a minimum deposit of $500. The Pro ECN account, however, is not a good choice for a new trader, as it requires a minimum deposit of $20,000. The Standard STP account requires no commissions, but spreads are from 1.4 pips, which is an uncompetitive trading environment. To counter the high trading cost, Vantage FX offers a rebate per lot traded in the amount of A $2.00. Here are the main features of the account types:
- STANDART
- RAW
- PRO
• Min Deposit – 200$
• Leverage – 1:500
• Spreads – 1.4 pips
• Commission – no
• Execution type – STP
• Min Deposit – 500$
• Leverage – 1:500
• Spreads – 0.0 pips
• Commission – 3$+ per lot
• Execution type – ECN
• Min Deposit – 20,000$
• Leverage – 1:500
• Spreads – 0.0 pips
• Commission – 2$+ per lot
• Execution type – ECN
- DEMO
- PROFFESSIONAL
• trading account with no real money
• can be used for training
• an Islamic Account for Muslim traders to utilize so they can enjoy a swap-free account
• was specifically designed for those forex traders who cannot pay or receive swaps due to religious beliefs
Open an account
New accounts are opened through an online application form. It is an easy and very quick process. All you need is to provide basic personal information about yourself and to indicate your trading experience. After the application is approved, traders need to submit a copy of their ID, and proof of residency documents. There is no need to worry, as the Vantage FX cares about the security of its clients.
Minimum deposit
Vantage FX offers you to choose between three account types, which require different amount of a minimal deposit. For instance, the most popular ones are the Standard STP account, with a minimum deposit of $200, or the Raw ECN account with a minimum deposit of $500. The Pro ECN account, however, is not a good choice for a new trader, as it requires a minimum deposit of $20,000. Vantage FX offers three bonus programs for traders to consider, but a minimum deposit is required. The 50% Welcome Bonus is applied to deposits up to $500. For each lot traded, $2 of the bonus cash will be converted into real cash. With the Standard STP account traders can withdraw the converted bonus money.
Trading Platforms
The broker suggests choosing between the two best platforms for trading, namely MT4 and it renewed version MT5. The full suite of the MT4 and MT5 trading platforms is offered. You can download a desktop version, a web trader, and a mobile version. You can read more about each platform here.
Vantage FX supports account management via MAM/PAMM accounts. The superior trading environment allows fund managers to increase revenues for clients, leading to higher performance-based compensation for managers.
Our verdict
We have highlighted the main features of the broker Vantage FX. Needless to say that Vantage FX is a popular broker offering its services to a majority of people. The good thing is that it suggests low fees, opening an account is super fast and there are seamless deposit and withdrawal. However, pay attention to the limited number of product selection and there is no protection of investors. Before choosing a broker take into account both cons and pros, start trading. The world of online trading is waiting for you, and maybe Vantage FX will help you with it.
Vantage FX Details
I have been extremely happy with Vantage FX as my broker the staff is excellent. Their support from the very beginning has and is above what I expected, I would recommend Vantage FX to anyone as a matter fact have already done that several times.
Best broker I have used so far.
Have been great in everything you could want from a broker, good spreads and great executions.
Customer service wise they’ve been even better. Answer your questions quickly and concisely.
Make you feel like you’re a friend rather than just a customer.
Granted I haven’t withdrawn yet so can’t comment on there processing times but they have excelled in all departments so far
When the news appears, the platform becomes slow and therefore the chart in little time frames is unreal((
I have never tried to withdraw until today. I had a successful night trading and wanted to withdraw the money for my first time. So everything was good but suddenly something went wrong. May be servers went down. I don’t know…But the fact is that I had do begin the procedure again. But finally I succeeded
Good Broker, compensated me for bad tick which led to unnecessary stop loss being taken. Broker provided VPS within days of opening a live account. Good customer service and support, they suggest trade of the day but remember that is traders’ risk as trade advice is not compulsory.
I would recommend again and again. Lest I forget, they have competitively tight spreads and good leverage. I haven’t yet made a withdrawal from my account hence can’t comment on this.
Excellent service from Vantage FX. Sign up and verification was a painless exercise, and I have found their follow up customer service to be great. Always there for any questions with a quick response time. The trading platform has worked flawlessly for me with no down time or lag. Very pleased I went with this broker.
Excellent service. Setting up my live account and verification was a breeze in the park.Would highly recommend this broker
Team have been very helpful in assisting me with the setup of the live account. Impressed with the level of their customer service, they do seem to go the extra mile.
The online chat is helpful but slow. I can say that very slow. Don’t you want to fix it guys??
Vantage FX is Highly Professional; ethical, reliable, creditable, customer friendly and down to earth. I am very happy and deeply satisfied with their competent service. Keep it up.