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Vantage FX Review
Vantage FX is an Australian regulated forex provider founded in 2009, granting traders access to the global forex market with fast forex trading execution, as well as interbank grade, RAW ECN spreads. Clients can also access forex trading markets through Vantage FX’s Forex trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.
Vantage FX has also introduced the next generation RAW ECN trading environment which gives traders the opportunity to trade forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 commission. Vantage FX’s standard leverage also starts at 100:1 but can be increased up to the maximum of 500:1 depending on account equity.
Vantage FX has live trading servers located in the major financial hubs of both London and New York. From these trading servers, ECN market liquidity is sourced and streamed into trader’s MT4 accounts. There are also further ongoing enhancements to the Vantage FX trading network of servers and data centres, including updates to both hardware and physical locations.
- Segregates client funds
- Established in 2009
- Regulated by ASIC
- Min. deposit from €100
- Limited range of instruments
- Not FCA Regulated (See alternatives)
To open a live account, you’ll need a minimum deposit of at least €100. Alternatively, Vantage FX offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by ASIC (AFSL #428901). Vantage FX puts all client funds in a segregated bank account and uses tier-1 banks for this. Vantage FX has been established since 2009, and have a head office in Australia.
Before we dive into some of the more detailed aspects of Vantage FX’s spreads, fees, platforms and trading features, you may want to open Vantage FX’s website in a new tab by clicking the button below in order to see the latest information directly from Vantage FX.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Losses can exceed deposits
What are Vantage FX’s spreads & fees?
Like most brokers, Vantage FX takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Vantage FX’s website. The colour bars show how competitive Vantage FX’s spreads are in comparison to other popular brokers featured on BrokerNotes.
|EUR/USD (Average: 0.7 pips)||Not offered||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||Not offered||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||Not offered||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||Not offered||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||Not offered||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||Not offered||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||Not offered||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||Not offered||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Vantage FX’s minimum spread for trading EUR/USD is pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Vantage FX vs. similar brokers.
How much does Vantage FX charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Vantage FX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $8.09. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
|Spread from :||$ 0.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 0.00||$ 2.00||$ 7.00|
|$2 more||$7 more|
|Visit Vantage FX||Visit XTB||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change.
What can you trade with Vantage FX?
Vantage FX offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Vantage FX below, along with the instruments offered by XTB and AvaTrade for comparison.
|FX / Currencies||Vantage FX||XTB||AvaTrade|
|# of forex pairs offered||48||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|Commodity CFDs||Vantage FX||XTB||AvaTrade|
|# of commodities offered||21||16|
|Index & Stock CFDs||Vantage FX||XTB||AvaTrade|
|# of stocks offered||1606||99|
|See Vantage FX’s Instruments||See XTB’s Instruments||See AvaTrade’s Instruments|
What’s the Vantage FX trading experience like?
1) Platforms and apps
Vantage FX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Vantage FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) Executing Trades
Vantage FX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Vantage FX allows you to execute a maximum trade of 20,000 lot. As Vantage FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, Vantage FX may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Vantage FX offers its traders below.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Mini account
- Standard account
- ECN account
- Managed account
- Credit cards
- Bank Transfer
3) Client support
Vantage FX support a limited number including English and Mandarin.
Vantage FX has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
4) What you’ll need to open an account with Vantage FX
As Vantage FX is regulated by ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Vantage FX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Vantage FX you can visit their website here.
- Written by Marcus Taylor
- Founder & CEO
Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vantagefx.com/ on 01/04/2020.
Vantage FX not quite right?
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Vantage FX Review 2020
With over 180 instruments such as FX pairs, Indices, Commodities and Share CFDs, trade your way with Vantage FX.
Access the industry leading MT4 and MT5 platforms on your PC, Mac, iOS and Android devices.
Vantage FX offers clients award-winning customer service, a range of promotions, educational resources and trading tools.
Vantage FX is a leading regulated Forex broker offering traders around the world access to global markets.
Partner with Vantage FX, the industry’s leading Forex broker for IBs and CPA Affiliates and start earning more today.
Access 180+ FX, Commodities, Indices & Share CFDs from MT4/MT5
Join a true global broker and trade the world around you 24/5
Navigate Global Market volatility with Daily Email Forex Signals
Celebrating 10 Years of Excellence as an Award Winning CFD Broker
- Share CFDs
Start trading the most liquid financial market in the world and capitalize on global economic volatility.
Choose from precious metals, oil and soft commodities to take advantage of major market cycles.
Leverage the volatility of the largest stock market indexes in the world such as the SP500, DAX, FTSE and DJ30.
Trade Share CFDs
Capitalise on the moves of some of the biggest companies in the world and trade our US and Hong Kong Share CFDs
Start Trading with a
leading regulated broker
Vantage FX is a CIMA regulated Forex broker, providing traders with access to the global Forex market through top tier FX liquidity providers.
With Vantage FX, you will experience super-fast trade execution, as well as interbank grade, RAW ECN spreads. When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments.
Clients can access our wide range of markets through the powerful MetaTrader 4 & MetaTrader 5 platforms, as well as WebTrader and multiple mobile trading apps for iPhone and Android devices.
Gain YOUR trading advantage with Vantage FX.
Trade with Even Lower Costs
With our RAW ECN account, traders can experience some of the lowest trading costs in the industry. We fully understand the importance of keeping trading costs to a minimum, so you can realise greater profit.
Experience the difference with Vantage FX today.
Next Generation Forex Broker
24 Hour Support
trade your way with vantage fx
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regulated forex broker
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TRADE ANYWHERE, ANYTIME
Perfect for both new and experienced traders who want to access the markets while on the go, the convenient MT4 and MT5 apps by MetaQuotes are fast, reliable and compatible with both Android and iOS devices.
All Vantage FX clients can experience the same trading functionality on their mobile device as MetaTrader for PC and Mac – such as one touch trading, a variety of order types, instant access to over 180 tradable assets, and more.
Download MT4 or MT5 for mobile today.
Switch to Vantage FX Today and Experience the Difference
50% welcome bonus
daily forex email signals
SmartTrader Tools for MT4
Fast & Easy Account Opening
Choose an account type and submit your application
Fund your account using a wide range of funding methods.
Access 180+ instruments across all asset classes on MT4 / MT5
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
General Advice Warning:
The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, and after considering the legal documents.
We do not offer our services to residents of certain jurisdictions such as North Korea, Japan, United States and some other regions. For more information please refer to our FAQ page.
Vantage Group of companies is authorized and regulated in various jurisdictions.
Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491 and is registered at Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111.
Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901 and is located at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia.
Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority, FRN: 590299 and is registered at 30 Moorgate, London EC2R 6PJ, United Kingdom (Company No. OC376560)
Copyright © 2020 Vantage International Group Limited. All rights reserved.
Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
|ECN||£/$500/€ (Min. Deposit)|
|Leverage||up to 500:1|