Vantage adds support for a variety of social trading networks, Trading Central-powered content, and a custom mobile app to its range of MetaTrader platforms. Vantage, however, lags behind industry leaders in crucial fields including research and education.
Why to choose Vantage FX?
Here is why to choose VantageFX or simply skip it, up to you to choose!
A professional team with experience in finance, FOREX, and technology launched Vantage FX in 2009. The main idea was to create an environment and help worldwide traders pursue financial goals, therefore, the broker mainstay at transparent trading, leading market platforms, execution speed, and technology solutions.
With its head office in Sydney, Australia vantage forex grants traders access to the global Forex market through top-tier FX liquidity providers. Nonetheless, the broker offers its services globally, carrying out local entities with the purpose to support traders in the UK, China, and other international destinations.
Vantage FX is a reliable broker due to its regulation by top-tier FCA and ASIC. Vantage FX is a popular brand with good trading technology, range of instruments and low variable spreads. The available platforms offer a great deal of versatility, including MT4 and MT5, investment account also MAM accounts.
However, the education part may use some improvement, also Vantage FX might be more suitable for traders with experience.
What type of broker is Vantage
Being a Vantage FX client entitles you to extremely quick Forex trade execution as well as STP execution’s interbank-grade RAW ECN spreads. Vantage forex understands that it is crucial to keep trading costs as low as possible, therefore they source institutional grade liquidity directly from the world’s largest banks and institutions to the MT4 platform.
Is Vantage FX safe or a scam
Vantage FX provide a transparent and secure forex trading environment for all clients, due to its top-tier regulation by ASIC.
Vantage FX fully complies with strict financial regulations in each entity it serves, which includes set of regulations from the Australian Securities and Investment Commission (ASIC) and holding their license for operation. In addition, Vantage FX UK entity holds a reputable FCA (Financial Conduct Authority) license that oversees the Forex and trading industry though a set of sharp rules and obligations towards safety.
Also, Vantage FX serves additional entity that serves global clients from its offshore branch based in the Cayman Islands. Of course, we never recommend trading with offshore brokers, however, since Vantage FX following also reputable licenses from ASIC and FCA it means the broker is sharply regulated in terms of its operation.
In accordance with ASIC and FCA Regulatory Guides, the company provides Professional Indemnity Insurance in place which covers the work done by their representatives, employees and authorized representatives. Moreover, the broker is also strictly audited by auditors and keep all clients’ funds in segregated trust accounts along with compensation schemes in case of insolvency to ensure money is protected.
Leverage
Vantage FX broker is subject to specific regulatory limits as a result of several rules from different jurisdictions, which could result in variations in the leverage supplied. Therefore, trading through the Australian or global entity of Vantage FX you may enjoy high leverage levels up to 1:500 for major currency pairs.
Having an account with UK Vantage FX traders falling under ESMA regulatory restrictions and a maximum possible leverage is set to a 1:30 for Forex instruments and even 1:10 for commodities.
Trading Instruments
The market range includes the trade of 70 Currency pairs FOREX, Commodities, Indices, and Crypto on MT4/MT5. What is interesting Vantage FX offers a comprehensive solution for Cryptocurrencies while traders having an option to choose from Bitcoin with leverage 1:5, Bitcoin Cash 1, Dashcoin, Litecoin, Ethereum, Ripple through variable spreads and margin percentage up to 50%.
Account types
Vantage FX Broker offers three primary account types that differentiate by the possibilities for building costs on a commission basis or just using the spread. Accounts accessible from both platforms MT4 and MT5, with leverage depending under which entity you trade, thus which regulation is applicable.
Islamic accounts or Swap-free are available at the broker too, to those who are following the Sharia rules and require specific trading conditions.
Fees
Vantage FX are mainly based on a spread or commission for ECN account, also consider funding fees and other fees like inactivity. See fee table below.
Spreads
Vantage FX spread its level depends on the trading account you choose, while Standard account has slightly higher spreads or ECN account with a raw spread offering. See below a comparison of spread in Standard account below, for instance also well compare fees to another popular brokers. Another cost, which you should take into consideration is an overnight fee or swap rate which is paid in case the position is held longer than a day.
Deposits and Withdrawals
Vantage FX customers have several alternatives for funding a trading account, including domestic bank transfers, international bank transfers, BPAY, Skrill, Neteller, Broker to Broker transfer, POLi, fasapay, and online credit or debit card payments.
VantageFx minimum deposit
Minimum deposit for VantageFX Standard account is 200$ as a start.
This is a fantastic choice for novice or regular size traders.
Withdrawal
Withdraw funds on VantageFX supporting various payment options and Vantage FX does not charge internal fees for electronic deposits or withdrawals. It’s crucial to be aware of this with your payment provider in case any additional fees are waived for processing.
Trading Platforms
In terms of trading software, vantage forex selects recognized Forex trading platforms with strong execution that coupled with its robust technological solution for trading make trading genuinely comprehensive.
All trading accounts are accessible across all devices and all offered platforms, as one of the main aims to have fast and stable access to the trading account. This includes the enhanced MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.
The MT4 or MT5 as a market-leading platforms available with advanced features for the trader’s good, while EAs are allowed for all styles of automated traders, with Trading Central opportunities, Indicators and Signals, and in addition Free VPS for 10 standard FX lots per month. The multi-account managers having the opportunity to customize needs and requirements through MAM or PAMM offering.
Furthermore, Vantage offers a designed by ChartIQ fully-featured HTML5 trading platform – MarketTrader that is accessible from any browser and can be traded using clients’ existing mt4 logins.
Social Trading
In addition, Vantage FX brings an opportunity to automate trading through MyFXBook AutoTrade that is one of the trusted social trading services and ZuluTrade as one the most popular among the traders’ social trading platform.
Conclusion
Overall, Vantage FX works hard to improve its product line and produce services that are superior than those of its competitors. But as an ECN and STP broker, the company stands for strong reputation and integrity which guarantees all traders trading on the real Interbank Forex market that ensures that Vantage FX is never the counter-party to the trade. The traders of any level can find their benefits with Vantage FX, either the beginning traders, since creating an account is a simple process with a modest deposit requirement, a variety of trading possibilities, and education offered.
Vantage FX Details
