Vantage FX Review

Vantage FX offers traders around the world the ability to trade various Forex currency pairs and CFDs on a wide range of tradeable assets. They also feature sophisticated trading platforms and an array of advanced trading and analysis tools.

Vantage FX review
Overall

Introduction

Vantage FX is a top Australian Forex and CFDs trading brokerage that provides unparalleled access to the global financial markets to traders around the world. The brokerage is very well-established as they were founded in 2009 and have won multiple awards from numerous publications.

Vantage FX is an international trading brokerage but is based out of Australia with their headquarters located at Vantage FX, 29/31 Market St, Sydney NSW 2000, Australia. Since they’re based out of Australia, Vantage FX is licensed and regulated by the Australian Securities and Investment Commission (ASIC). This is a highly reputable regulatory agency and helps to ensure the broker remains transparent and fair with their trading services.

With so many viable online trading brokerages to choose from, it can be difficult knowing which one to choose. Especially when there are so many fraudulent brokers in the financial trading industry. To help you better, we have conducted an extensive Vantage FX Broker Review to shine light on whether or not they can be trusted, and to help you decide if they’re the right broker for you.

Overall Rating

Products & Fees
4.5
Security
5
Tools
5
Desktop Experience
5
Mobile Experience
5
Banking
5
Customer Support
4.5
Education
5

Pros

  • ECN Trading Brokerage

    This allows traders to benefit from ultra low spreads and commissions and execute their tradeswith lightening speed.

  • Selection of Trading Platforms

    Traders have access to the best trading platforms available and advanced trading and analysis tools.

  • Social Trading Supported

    Traders can choose from two different social trading platforms and participate in automated trading.

Cons

  • Limited Tradeable Assets

    Traders have limited access to the financial markets as only 4 asset classes are supported.

  • Restricted Leverage

    Restrictive leverage caps kick in at $5,000.

At Vantage FX, it is important for us to provide complete transparency in an often cloudy industry. That is why we go over and above to make ourselves available to fulfil the needs of our clients and continue to deliver an exceptionally reliable service.

Commissions & Fees

vantage fx commissionsThe commissions and fees imposed on traders at Vantage FX are some of the lowest in the industry. They charge different commissions and fees depending on the type of trading account chosen by the trader. See the different account types and their associated spreads and commissions below.

Standard STP

  • Spreads from 1.4 pips
  • Zero commissions
  • EUR/USD spreads from 1.4 pips
  • GBP/USD spreads from 1.6 pips
  • AUD/USD spreads from 1.4 pips
  • USD/JPY spreads from 1.5 pips

Raw ECN

  • Spreads from 0.1 pips
  • Commissions of $3.00 per lot per side
  • EUR/USD spreads from 0.1 pips
  • GBP/USD spreads from 0.6 pips
  • AUD/USD spreads from 0.4 pips
  • USD/JPY spreads from 0.5 pips

Pro ECN

  • Spreads from 0.0 pips
  • Commissions of $2.00 per lot per side
  • EUR/USD spreads from 0.0 pips
  • GBP/USD spreads from 0.5 pips
  • AUD/USD spreads from 0.3 pips
  • USD/JPY spreads from 0.4 pips
Commissions & Fees
Forex Spreads
Metals
 
Vantage FX
From 0.0 pips + $3 commission per 1 lot
From 0.23 pips
XTB
From 0.1 pips
From 0.3 pips
AvaTrade
From 1.3 pips
From 0.4pips
EasyMarkets
From 1.8 pips
From 45 pips
Pepperstone
From 0.0 pips + $3.50 commission
From 0.5 pips

Platform & Tools

Traders at Vantage FX benefit from a wide selection of trading platforms and trading tools. Literally every type and experience level of trader will find something to suite their trading needs. The three primary trading platforms offered are the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the MarketTrader trading platforms.

The MetaTrader platforms are accessible directly from the web browser and are also available for download on all desktop computers. These trading platforms are the most popular platforms in the financial trading industry and feature highly sophisticated trading tools and features. The MarketTrader platform is a fully featured HTML5 trading platform that’s also accessible from any web browser and caters more towards novice traders as it is very user friendly.

In addition to the trading platforms mentioned above, Vantage FX features MAM/PAMM multi account manager solutions as well as MyFXBook AutoTrade and ZuluTrade for an advanced social trading experience.

Platform & Tools
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
Research & Analysis
Social trading
Education
Demo account
 
Vantage FX

Mobile App

Both the MT4 and MT5 trading platforms have downloadable mobile trading applications for iOS and Android mobile devices. The apps can be downloaded for free from the Google Play Store and the Apple App Store. Also, the MarketTrader platform is fully compatible and optimized to work on all mobile devices. All in all, traders at Vantage FX will not be disappointed with the mobile trading aspect of the broker as they have access to some of the best mobile trading platforms in the financial trading industry.

Account Types

vantage fx account types

Vantage FX traders can choose from three different account types, a Standard STP, Raw ECN, and Pro ECN account. See these account types overviewed below.

Standard STP

  • Minimum deposit of $200
  • Up to 500:1 leverage
  • Execution type: STP
  • $2.00 per lot rebate
  • Designed for novice traders

Raw ECN

  • Minimum deposit of $500
  • Up to 500:1 leverage
  • Execution type: ECN
  • Designed for experience traders

Pro ECN

  • Minimum deposit of $20,000
  • Up to 500:1 leverage
  • Execution type: ECN
  • Designed for professional traders

Deposits & Withdrawals

Vantage FX traders have a wide array of deposit and withdrawal methods to choose from. The process of depositing or withdrawing funds is very simple and easy and Vantage FX covers all of the transaction fees for deposits. Withdrawals on the other hand incur fees for debit/credit card and bank wire withdrawals. As for processing times, all deposits are nearly instant or are processed within 24 hours. Withdrawals are generally completed within 3 – 10 business days. See below, a list of the available deposit and withdrawal methods.

  • Visa
  • MasterCard
  • Bank Wire Transfer: International SWIFT
  • Bank Wire Transfer: Australia
  • BPay
  • POLi Payments
  • Skrill
  • Neteller
  • Broker to Broker Transfer
  • FasaPay
Deposits & Withdrawals
Minimum deposit
Withdrawal Time
Withdrawal Fee
 
Vantage FX
$200
3 - 10 business days
Free
XTB
$250
N/A
Free
AvaTrade
$100
1 - 2 business days
Free
EasyMarkets
€100
3 - 10 business days
Free
Pepperstone
$0
3 - 5 business days
Free

Customer Support

Vantage FX provides traders with 24/7 customer support via email, live chat, and telephone. Support representatives are generally quick to respond and very friendly and helpful with their responses. Additional methods of support include an extensive FAQ page, a comprehensive education centre, and interaction with Vantage FX’s various social media channels.

Security & Fairness

Vantage FX is one of the most reliable online trading brokerages in Australia. They have developed an outstanding reputation over the years and continue to provide, safe, fair, and reliable online trading services. The brokerage is licensed and regulated by Australian Securities and Investment Commission (ASIC) which helps to ensure the broker remains fair and transparent with their services. As well, this regulation requires Vantage FX to hold their customer funds in secured and segregated bank accounts to protect their customers of the unlikely event of broker insolvency.

In addition to the rules and regulations imposed by the ASIC, Vantage FX also takes it upon themselves to implement the latest and greatest security measures. For instance, sensitive client information and financial data is transmitted using advanced SSL encryption technology. Also, the brokerage maintains highly secure servers in multiple locations throughout Australia and conducts routine security maintenance and checks. All in all, traders can rest assured that they are trading in a safe and secure environment when trading with Vantage FX online trading brokerage.