Vantage FX Broker Review
Vantage FX, established in Australia, is a global forex and CFD broker. Vantage FX is a subsidiary of the Vantage Group and has been involved in the forex market since 2009.
If you are looking to open an account with Vantage FX, consider this review first.
You can find our transparent Vantage FX review below. Broker reviews are updated frequently!
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Pros / Cons
- MetaTrader 4
- MetaTrader 5
- Fast Execution of Orders
- Broker Verified
- Not FSCA Regulated
- No ZAR Account Currency
Table of contents
- Vantage FX Regulation
- Vantage FX Tradeable products
- Vantage FX Account types
- Opening an account
- Account currency
- Trading platform
- Vantage FX Commissions and fees
- Deposits and Withdrawals
- Education and Research
- Customer Service
- Bonuses and Promotions
- Special features
- Vantage FX South Africa
- Affiliate program
- Our verdict
- Bottom line
- Broker FAQ
Vantage FX Regulation
Vantage FX stands out for having tier-1 regulation from ASIC on their Australian entity Vantage Global Prime Pty Ltd. and FCA on their UK entity Vantage Global Prime LLP.
Vantage Foreign Group Limited, their international corporation, is likewise subject to CIMA regulations. Finally, Vantage FX has a VFSC regulation in place for its Vantage Global Limited organisation.
This spectrum of compatible regulation from reputable industry groups enables the broker to establish trust with you as a trader while keeping your trading safe and secure at all times.
Aside from the secure regulatory environment provided by Vantage FX, they also give a handful of other crucial elements aimed at keeping both you and your money safe. For example, negative balance protection is included as a standard. This means you can’t lose more money than you put up with the broker.
Segregated accounts are also available, which means that your money will always be safe in the case of bankruptcy or insolvency.
Finally, for UK-based traders, ICF insurance is available, which can give compensation of up to £85,000 if something goes wrong and your money is affected.
Vantage FX Tradeable products
Vantage FX’s asset selection is decent yet limited. This broker provides 41 currency pairings, offering the fundamentals.
The broker offers a total of 20 commodities traded as CFDs, including precious metals such as gold, silver, and copper, with both gold and silver available to trade against the US Dollar and the Australian Dollar.
More than 200 equities from major exchanges in the EU, US, Hong Kong, and Australia are available.
Crypto trading is also offered at Vantage FX. This takes the shape of six cryptos that can be traded as CFDs against the US dollar. Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple are among the cryptocurrencies accessible.
Vantage FX Account types
There are three types of trading account at Vantage FX; a standard STP account, raw ECN account, and Pro ECN account.
The Vantage FX Standard STP Account is a popular live account option for many traders at Vantage FX and a perfect starting place for inexperienced traders. This account is simple to use and gives you access to over 150 instruments in total. The minimum deposit is also reasonable at $200.
Another popular account type is the Raw ECN account, which many people prefer to increase market liquidity while simultaneously lowering trading costs. The spread here begins at an exceptionally low level of 0 pips, albeit trades are subject to a commission.
The Vantage FX Pro ECN account was created with expert traders in mind, as the name suggests. The account requires a minimum deposit of $20,000 to open. However, if you can afford it, this account has a lot of potential for low-cost trading.
Vantage FX also provides an Islamic trading account that is fully consistent with Shariah law.
You will be pleased to learn that Vantage FX provides a completely limitless demo account that you can use at any time.
Average Standard Account Spreads on Majors
- EUR/USD: 0.2
- GBP/USD: 0.4
- USD/JPY: 0.4
- AUD/USD: 0.7
Opening an account
With Vantage FX, you can open an account in less than 5 minutes.
Here are the steps of the Vantage FX account opening process:
- Click on the account you want to open
- Fill in your name, email address, and phone number.
- Provide any additional personal information that is requested and answer a few questions about your financial situation and trading experience.
- Choose a trading platform, account type, and account currency.
- Upload a copy of your photo ID/passport as well as evidence of residency (utility bill or bank statement are accepted)
There are nine base currencies for opening an account with Vantage FX. They are:
GBP, USD, EUR, CAD, AUD, GGD, HKD, NZD, and JPY
Unfortunately, as a South African, you can’t open an account in ZAR.
Vantage FX provides the entire range of MT4 and MT5 trading platforms. This contains a desktop version that can be downloaded, a web trader, and a mobile version.
Vantage FX provides desktop platforms that include both MT4 and MT5. These are two of the most highly regarded and powerful platforms in the industry, yet they are also simple to administer and utilise.
You will have a plethora of charting tools and indicators to choose from, with over 50 available, as well as the option to engage robots and algo-trading via the EAs function if you so desire.
Both MT4 and MT5 are available as standard on Vantage FX webtrader platforms. These include many of the same in-depth capabilities as their desktop versions and enable convenient and user-friendly in-browser trading.
The Vantage FX mobile platform has the same features as the online and desktop versions.
Vantage FX Commissions and fees
Vantage FX’s fees are derived from spreads and commissions on more than 180 products. Raw spreads are as low as 0.0 pips, with an entry and exit charge of only $6 per lot.
Because Vantage FX is a CFD broker, the overnight fee applies to all assets. However, because the charge varies based on the market, you may find out the precise amount through your trading platform.
You will be relieved to learn that Vantage FX does not levy an inactivity fee.
Two key criteria determine the Vantage FX leverage available to you. The first is the area in which you are governed. The second is the actual asset being traded, with varying levels of leverage applied to different items.
Having said that, the maximum leverage available in the UK, the EU, and under ASIC regulation is 30:1, regardless of asset type. CIMA regulations allow leverage of up to 500:1.
Deposits and Withdrawals
There are vast deposit methods available at Vantage FX. However, it varies from jurisdiction to jurisdiction.
As deposit and withdrawal options, Vantage FX accepts bank wires, credit and debit cards, Skrill, Neteller, China Union Pay, Fasa Pay, and PayPal.
Vantage FX does not charge a fee for deposits or withdrawals. There are certain exceptions to the free deposit policy. When depositing/withdrawing funds through China Union Pay, you will be charged 1.30 per cent -2.50 per cent of the transfer amount; deposits made through Neteller and Skrill are subject to their fee policies, and broker-to-broker transactions are subject to bank transfer costs.
A bank transfer can take several business days, whereas credit/debit card payments are quick.
You can only deposit funds from accounts in your name.
Education and Research
Vantage FX clients have access to many video courses covering everything from basic trading concepts for various assets to advanced technical and market analysis. If you prefer not to register a demo account, trading platform tutorials are also accessible. We appreciated the diverse range of lessons.
When it comes to research, Vantage FX has a wide choice of tools at its disposal. This category contains fundamental tools such as an economic calendar and others for gauging forex market sentiment, as well as a variety of premium products that you may unlock with a balance of $1,000 or more.
The research tools selection also includes the Market Buzz Service, which can give news, media content, a variety of price events, and other market indicators such as the volume of social media activity around a market. Overall, it is a really thorough service. Within this part, Vantage FX additionally offers a variety of trading suggestions and a market analysis.
Vantage FX customer care is available in over five languages. In addition, you may reach the friendly support team in a variety of ways, including live chat on the website, phone, or email. The website also includes a comprehensive FAQ area, which may avoid the need for you to contact the support service at all.
Bonuses and Promotions
Vantage FX has three bonus offers for traders to consider, but each requires a minimum deposit to be eligible. The Welcome Bonus of 50% applies to deposits of up to $500. In addition, $2 of the bonus cash will be converted into real cash for each lot traded. Traders can withdraw the converted bonus money; this bonus is only available on the Standard STP account. The FX Rebates 10% Bonus requires a minimum deposit of $1,000, and 10% is converted into a bonus; the same principle applies to the 50% Welcome Bonus. Finally, the Active Traders bonus is available for deposits of $10,000 or more and follows the same rules as the other bonuses.
Vantage FX provides the SmartTrader MT4 update. It is made up of nine plugins that aim to improve the trading environment of the MT4 trading platform while also bringing new features. SmartTrader demands a $1000 minimum deposit.
Vantage FX uses the oneZero MT4 bridge to connect the broker’s dark pool to the MT4 platform of its clients. Xeon E7 processors power the oneZero MT4 bridge. This broker also uses Equinix’s high-speed fibre-optic network, which ensures quick execution speed and has put six servers throughout the world.
Vantage FX South Africa
As a South African, you’ll be glad to know that you can open an account with Vantage FX. Unfortunately, however, it doesn’t allow you to open an account in ZAR.
Vantage FX has launched a new affiliate program where partners can earn money for each qualified trader they refer to the firm from the emerging markets.
Each partner is allocated a specialised affiliate manager who provides platform support and advice on digital presence.
Join the FP Markets IB Affiliate Program: Join Now & Earn
Vantage FX provides an overall excellent trading environment.
Vantage FX offers very fast execution speeds and extremely low spreads, particularly when trading through Raw and Pro EXN accounts.
The spreads start at 0 pips and average 0.2 pips on EUR/USD forex with a Raw ECN account, 0.4 pips for GBP/USD, and 5.4 pips for the S&P 500 Index, all of which are very competitive.
Opening an account with Vantage FX is a pleasant experience because the process is incredibly quick (less than 5 minutes) and completely digital. Moreover, the broker provides a wide range of deposit and withdrawal methods, most of which are free of charge.
On the other hand, Vantage FX’s product offering is limited to forex, CFDs, and cryptos. In addition, their customer service may be improved. Finally, Vantage FX clients have no investment protection.
Vantage FX is a forex and CFD broker that the ASIC regulates.
It has cheap currency and non-trading fees. The account opening and deposit/withdrawal processes are simple and, for the most part, free.
Feel free to try Vantage FX since you will have an account within a day, and there will be no inactivity fee.
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Thinking of Trading with Vantage FX?
What is the Vantage FX’s minimum deposit?
The minimum deposit at Vantage FX is $200.
How do I deposit/withdraw from the Vantage FX account?
You can deposit/withdraw funds through debit/credit card, bank wire transfers, PayPal, Neteller, Skrill, China Union Pay, and Fasa Pay.
Is Vantage FX spreads high?
Vantage FX offers tighter spreads, delivering a trading cost advantage to clients.
What is the maximum leverage at Vantage FX?
Vantage FX maximum leverage for the UK and Australian clients is 1:50, while for other clients, its maximum leverage is 1:500.
Does Vantage FX use MetaTrader?
Yes, MetaTrader 4 and 5
Is Vantage FX available in South Africa?
Yes, Vantage FX is available for South African traders.
Yes, I want to demo trade
Heinrich is a Forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best Forex Brokers in South Africa. Join him on his Journey!
Content Writer | Market Analyst
Top 6 Broker Reviews
Blackstone Futures Broker Review
Blackstone Futures, located in Rosebank Johannesburg, is a proudly…
Markets.com Broker Review
Markets.com is a global CFD and forex broker that…
Exness Broker Review
Exness is the brand name of an international brokerage…
CM Trading Broker Review
CM Trading is an FSCA (Financial Sector Conduct Authority) regulated…
Tickmill Broker Review
Tickmill.com, a multi-asset, multi-regulated CFD broker, is owned and…
FBS Broker Review
FBS is an online broker that offers access to…