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Broker Information

  • Company Name: VantageFX
  • Founded: 2009
  • Country: Australia

Platform Info

  • Platform: MetaTrader 4, MetaTrader 5, WebTrader
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: CIMA
  • Minimum Deposit: $200
  • Leverage: 1:500
  • US Clients: No

VantageFX Review

Founded in 2009, VantageFX is in fact a major brokerage based in Australia, which operates under one of the most stringent and thriving regulatory jurisdictions.

Like some of his colleagues, VantageFX uses a collection of numbers on its official site, to describe the operation and to offer an informative summary of its activity in a few words.

What exactly do these numbers tell us? The maximum leverage offered by the broker is a massive 1: 500, in fact quite impressive. The broker offers no less than 15 trading platforms and approximately 70 pairs of FX, commodities and indices can be traded. The broker does not charge any account maintenance fees, spreads start at 0 pips (only in certain types of selected accounts) and the minimum deposit required is only $ 200, which places the broker’s services within reach of all interested in making transactions.

Why do we call the reputation of VantageFX “irregular” in the title? While most of the reviews / comments shared by the users of the brokerage through several portals are positive, there are always some dissidents. Apparently, beyond the usual range of complaints related to commercial withdrawals and executions, the broker was involved in a series of allegedly lax practices at certain points in his existence.

Vantage-main

One of those incidents saw him deny payment to one of his IB (Introducing Brokers). After that affiliate posted a complaint about the operator at one of the review portals, Vantage allegedly offered to pay him only if he first eliminated the complaint. Whether these stories are true or not, it is quite impossible to verify at this point. Its mere existence and implicit credibility raises some red flags however.

Another similar problem was that VantageFX allowed a known scam artist to act as an IB for the operation for a while, even though he had been warned about it.

The corporate entity behind the VantageFX brand is Vantage FX Pty Ltd. The company is registered in Australia, its registration number is ACN 140 903 886. That said, this company is not the direct issuer of the services presented on the VantageFX website . That honor is for Vantage Global Prime Pty Ltd, also a registered Australian company, of which Vantage FX Pty Ltd is an Authorized Representative.

The liquidity partners of the brokerage are some truly outstanding entities in their own rights. We are talking about companies like Citibank, JP Morgan and HSBC.

Why would I want to trade with this definitely serious FX / CFD online provider?

Unlike most other regulated brokers, VantageFX offers a cash bonus, as well as access to the actual execution of ECN. With spreads starting at 0 pips, your business conditions are nothing to sneeze.

With MT4 and MT5, the broker offers its users access to some of the best existing online trading solutions.

Opening an account with VantageFX is literally a matter of a few clicks.

VantageFX Market Coverage

The broker admits a relatively standard range of negotiable assets: in addition to currency pairs, indices and commodities that cover precious metals, commodities and soft energies, cryptocurrencies are also allowed.

Several pairs of USD and EUR are offered for Bitcoin, Bitcoin Cash, Dash, Litecoin, Ripple and Ethereum.

In BTC, the maximum available leverage is a very respectable 1: 5.

VantageFX Trading Platforms

When it comes to commercial platforms, the diversity of the VantageFX offering is unparalleled. There are no less than 9 options available, mostly focused on MT4 and MT5.

The most popular trading platform in the world, MT4 is possibly the centerpiece of the VantageFX offering. In addition to its Windows version, which can be freely downloaded from the official VantageFX website, the platform is also available in a Mac version.

The MT5 is obviously an upgrade to MT4, but it is somewhat less popular than its successful predecessor. Those looking for better and easier ways to create custom technical indicators and EAs will appreciate the improvements offered by MT5.

Both platforms are available in mobile formats, so busy merchants can continue to exchange while on the move. The mobile versions retain most of the functions and useful advantages of the full versions.

In addition to all the above, both MT4 and MT5 are available in Web Trader versions, for those who can not or do not want to download anything to their local machines. The web trader versions are surprisingly capable and also customizable.

However, web operators MT4 and MT5 are not the only commercial options based on the browser. Developed by ChartIQ, Market Trader is also available at the brokerage. A platform based on HTML5, Market Trader is compatible with almost all browsers that exist.

The MAM / PAMM account options offered by the broker are obviously aimed at those looking for high performance business solutions. Multiple accounts can be managed through this option, very useful for experts who trade with several clients.

Vantage-MT4

The MyFxBook AutoTrade feature takes the social trading aspect even further. It allows users to copy the trades of more successful and profitable traders.

The peak of the social trading experience is represented by ZuluTrade though, another solution-provider with whom VantageFX have teamed up.

VantageFX Account Types 

VantageFX currently has 3 account types, of which the most accessible is the standard STP account, which obviously presents the execution of STP.

This type of account offers access to the full range of markets supported by the broker and your minimum balance requirement is $ 200.

The spreads on this start from 1.4 pips and the maximum available leverage is 1: 500.

The standard STP account does not charge commissions.

The next step on the account type ladder is the unprocessed ECN account, which is proclaimed as the most popular account option of the broker.

The execution in this account is ECN and the minimum balance required is 1: 500.

Spreads start from 0 pips (as you would expect from an account of this type), but a commission of $ 3 per lot per side is charged.

The Pro ECN account represents the “extra extra” option of the broker. The minimum balance required in said account is $ 20,000. The commercial conditions are really the best in this case. In addition to the execution of ECN, the characteristics of the Pro account extend from 0 pips and a commission of $ 2 per lot per side is charged.

The maximum available leverage is 1: 500 on this type of account as well.

In addition to the account types detailed above, the broker also offers versions of Islamic accounts, as well as a Demo account for those seeking to put the platform (s) on a risk-free trial.

VantageFX Conclusion

VantageFX is an online brokerage center, there is no doubt about it. Regardless of what some of your detractors may say, the broker is serious about what he does. It is regulated and presents excellent selections of account type and platform.

It is possible that your market coverage is not the best in the business, but it is certainly extensive enough to meet all possible needs.

Read all fx broker reviews.

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

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