Vantage FX
BROKER REVIEW
VantageFX Broker Review 2023- A Detailed Product Guide with Regulations
Before you start to trade in any Broker Platform, it is important to know about the platform completely. tradingcritique.com provides the Broker Reviews for almost all the Broker platforms available Globally. Here you can find the updated Broker Review of VantageFx for this year 2023. This is a detailed product guide that also contains the regulations associated with Vantage FX.
- Minimum Deposit: $50
- Trading Commissions: 0
- Regulated by: CIMA, ASIC, VFSC, FCA
- Financial instruments: Forex , Indices, Energy, Commodities, Precious Metals, Shares
- Leverage: 500:1
- Customer support: 24/5
- Deposit Fees: 0
Vantage FX was started in 2009 in the iCount Building, Kumul Highway, Port Vila, Vanuatu. It is one of the leading Australia-based online brokers. The company was authorized and regulated by several jurisdictions. They have 50,000+ clients worldwide.
VantageFX provides various instruments and market assets to trade. The deposit amount is too low, and there is no deposit fee, so this broker is also suitable for beginning-stage traders. They offer advanced and unique trading platforms, such as the Vantage FX app. They also provide MT4 and MT5 platforms based on Mobile and Web. Vantage FX provides 24/5 customer support.
Regulation and Trustability
VantageFX is fully regulated and authorized by high-tier jurisdictions. Due to the low deposit amount and fee, it reduces various risk factors. They provide Negative Balance Protection for their clients.
| Country | Regulations | Company name | Registration details |
|---|---|---|---|
| Cayman Islands | Cayman Islands Monetary Authority (CIMA) | Vantage International Group Limited | License Number – 1383491 |
| Australia | Australian Securities and Investments Commission (ASIC) | Vantage Global Prime Pty Ltd | AFSL Number – 428901 |
| Vanuatu | Vanuatu Financial Services Commission (VFSC) | Vantage Global Limited | Register Number – 700271 |
| England | Financial Conduct Authority (FCA) | Vantage Global Prime LLP | Company Number – OC376560 FRN: 590299 |
Vantage FX Awards
Vantage FX has been receiving numerous awards from 2012 to 2022. These multiple awards from various Awardees illustrate the value of the VantageFX broker.
| Received Awards | Awarded by |
|---|---|
| Excellence in Customer Service | Fintech Awards 2021 |
| Financial Trading Services Provider of the Year – Australia | M&A Today 2020 |
| M&A Today 2020 | Global 100 – 2020 |
| Financial Trading Services Provider of the Year | CV Magazine 2019 |
| Financial Trading Services Provider of the Year | Fintech Awards 2018 |
| Financial Trading Services Provider of the Year | Global 100 – 2017 |
| Financial Trading Services Provider of the Year | Fintech Awards 2017 |
| Best ECN Broker Best IB Broker Best Customer Support | The Fore X 2016 |
| Best ECN/STP Broker | Forex Awards 2016 |
| Best Forex Execution | IB Times 2012 |
Image 2: Awards listed in VantageFX.com
Investments, Products, and Instruments
VantageFX offers 300+ market assets for CFD and Forex trading. The available market assets are Forex, Indices, Energy, Commodities, Precious Metals, and Shares.
Table 3: Various trading instruments available in VantageFX
| Trading types | Features to trade in VantageFX | |||||
|---|---|---|---|---|---|---|
Forex |
VantageFX Forex pairs are | |||||
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Indices |
Various trading Indices available in Vantage FX | |||||
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Energy |
Available energies in Vantage FX
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Soft Commodities |
VantageFX Soft commodities are
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Precious Metals |
Metals and Metal/Currency Pairs
| |||||
Shares |
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US shares
| UK & EU shares
| AU shares
| ||||
Image 3: Market assets in VantageFX.com
Trading Platform
VantageFX provides web and mobile-based trading platforms. They offer CFD and Forex trade with these platforms. The trading platforms are Vantage FX mobile app, MetaTrader 4, and MetaTrader 5. Vantage FX platforms are user-friendly and customizable trading platforms.
- Mobile Trading
- MetaTrader 4
- MetaTrader 5
- ProTrader
- WebTrader
- Social Trade
Mobile Trading
The VantageFX app provides hundreds of FX pairs, products, indices, share CFDs, and more for the ease of trading. The App is available for both iOS and Android devices, and the Vantage FX trading app has a collection of trading and investment tools so that you can trade in global markets anytime & anywhere. This app allows you to trade about 300+ instruments.
Image 4: Preview of the Mobile trading app in VantageFX.com
MetaTrader 4
Trading on MT4 has become familiar due to a very simple reason i.e., flexibility. It doesn’t matter where or when you access your MT4 platform, you always have your forex charts at your fingertips. They provide features such as Powerful Charting with Expert Adviser. You can view up to 9 timeframes on charts.
Image 5 : MetaTrader 4 in VantageFX.com
Features available in MT4
- All kinds of VantageFX trading accounts are available
- 300+ trading assets
- 13 platforms and device support
- Leverage maximum 500:1
- Minimum trade size 0.01 lot
- Hedging available
- Scalping available
- 9 timeframes
- Expert Advisor
- MQL4
- Based on Mobile, Web, Desktop
MetaTrader 5
MetaTrader 5 is an upgraded version of MetaTrader4. You can use the web version of MT5 for free and without downloading. If you are an existing customer, you can switch from MT4 to MT5. MT5 allows you to trade anywhere at any time. The MT5 platform has 3200+ professional trading signals and shows up to 21 time-frames.
- All kinds of VantageFX trading accounts are available
- Leverage maximum 500:1
- Minimum trade size 0.01 lot
- Hedging available
- Scalping available
- 21 timeframes
- Expert Advisor
- MQL5
- 3 Chart types
- 3200 trading signals
- Based on Mobile, Web, Desktop
ProTrader
Tradingview provides a ProTrader trading platform for Vantage FX. This trading platform runs online like a web page. It has a lot of customizable trading tools and instruments. They provide 350+ trading assets in ProTrader. Tradingview offers different types of charts and layouts, and it helps to monitor the variety of markets at the same time.
WebTrader
WebTrader’s main advantage is, you don’t need to download any other separate app for trading. Vantage FX web trader depends on MT4 and MT5 interface. It gives the best trading experience for every trader, and it is a user-friendly trading platform. But you need high-speed internet to do trading without Interruptions.
WebTrader works well in,
- Chrome
- Mozilla Firefox
- Internet Explorer
- Opera
- Safari browser
Social Trader
Vantage FX provides two types of third-party social trading platforms, such as ZuluTrade and MyFXBook. These social trader platforms are listed as the best by the top brokers. It will reduce your time for every trading, and give a lot of trading options, news, etc. Trading platforms consisting of copy trading options, advanced trading tools, charting options, etc.
VantageFX Trading Websites – Continent wise
VantageFX provides its websites in various languages. This is helpful for customers from different countries. The different VantageFX trading websites are listed in the below table.
Table 4: MetaTrader 4 in Exness
| No | HotForex Trading Websites | Countries | Website Language |
|---|---|---|---|
| 1. | VantageFX (Main) | Global | English |
| Continent 1 – EUROPE | |||
| 2. | VantageFX UK | United Kingdom | English |
| 3. | VantageFX Français | France | French |
| 4. | VantageFX Italiano | Italy | Italian |
| 5. | VantageFX Español | Spain | Spanish |
| 6. | VantageFX Deutsch | Germany | German |
| 7. | VantageFX Português | Portugal | Portuguese |
| Continent 2 – ASIA | |||
| 8. | Kazakhastan KAZAKHSTAN | Kazakhstan | Kazakh |
| 9. | VantageFX 简体 | China | Simplified Chinese |
| 10. | VantageFX 한국어 | South Korea | Korean |
| 11. | VantageFX Indonesia | Indonesia | Indonesia |
| 12. | VantageFX 日本語 | Japan | Japanese |
| 13. | VantageFX ภาษาไทย | Thailand | Thai Language |
| 14. | VantageFX हिंदी | India | Hindi |
| 15. | VantageFX العربية | Saudi Arabia | Arabic |
| 16. | VantageFX МОНГОЛУЛС | Mongolia | Mongolia |
| 17. | VantageFX Melayu | Malaysia | Melayu |
| 18. | VantageFX Việt Nam | Vietnam | Vietnamese |
| 19. | VantageFX Pусский | Russia | Russian |
Account Types
VantageFX‘s account types are suitable for all stage traders. They provide three types of accounts,
- Standard STP Account
- RAW ECN Account
- PRO ECN Account
Standard STP Account is suitable for beginners. There is no commission for trade, and simple to use. MT4 and MT5 platforms are available on WebTrader, MAC, and mobile app.
- Minimum Deposit – $50
- Minimum Trade Size – 0.01 lot
- Leverage – up to 500:1
- Spreads start from – 1.0 pip
- Commission – 0
- Account Base Currencies – AUD, USD, CAD, NZD, GBP, EUR, SGD, JPY, HKD.
RAW ECN account is suitable for experienced traders. The minimum deposit fee is $50, and there is no trading commission. It has access to over 13 platforms and multi-devices. You can trade anywhere at any time.
- Minimum Deposit – $50
- Minimum Trade Size – 0.01 lot
- Leverage – up to 500:1
- Spreads start from – 0.0 pip
- Commission – From $3.00 per lot per side
- Account Base Currencies – AUD, USD, CAD, NZD, GBP, EUR, SGD, JPY, HKD.
PRO ECN is developed for professional traders and cash managers. This account is suited for, those who trade in large sizes. The minimum deposit amount is too high, and they offer multi-currency trading.
- Minimum Deposit – $20,000
- Minimum Trade Size – 0.01 lot
- Leverage – up to 500:1
- Spreads start from – 0.0 pip
- Commission – From $2.00 per lot per side
- Account Base Currencies – AUD, USD, CAD, NZD, GBP, EUR, SGD, JPY, HKD.
Image 6: Account types in VantageFX.com
Demo Account
VantageFX provides an unlimited demo account for live account holders. You can use this demo account until you train. When you get ready to trade, you can switch to a Live Account. This demo account is for MetaTrader 4 with 300+ different instruments for training.
Image 7: Unlimited DEMO account in VantageFX.com
Fees, Commissions, and Bonus
Deposit and Withdrawal: VantageFX provides a variety of deposit and withdrawal options for trading like Bank Transfer, Card, Ewallets. Most of the fund transactions methods are 0 commission trading. When using China Union Pay they charge 1.30% to 2.50% for deposits. The processing time is taken a maximum of 5 business days.
Table 5: Deposit methods and fees details in VantageFX
| METHOD | PROCESSING TIME | FEES | AVAILABLE CURRENCIES |
|---|---|---|---|
| Domestic EFT | 1-2 business days | $0 | AUD |
| Domestic Fast Transfer (Australia Only) | Up to a few hours, during AEST Business hours | $0 | AUD |
| International EFT | 2-5 business days | $0* | AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD |
| BPAY (Australia Only) | 1-2 business days | $0 | AUD |
| POLi Payments (Australia Only) | Within 24 business hours | $0 | AUD |
| Credit/Debit Card (Visa and MasterCard) | Instant | $0* | AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD |
| JCB | Instant | $0* | JPY |
| China Union Pay | Instant | 1.30% – 2.50% | USD |
| Neteller | Instant | Subject to Neteller’s fees | AUD, USD, GBP, EUR,SGD |
| Skrill (Moneybookers) | Within 24 business hours. | Subject to Skrill’s fees * | USD, EUR, GBP, CAD |
| AstroPay | Instant | $0 | USD + Most local currencies |
| Broker-to-Broker Transfer | 2-5 business days | Subject to bank transfer fees | AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD |
| FasaPay | Instant | $0 | USD |
| Thailand Instant Bank Wire Transfer | Instant | $0 | USD |
Vantage FX does not accept third-party deposits and withdrawals.
If you deposit funds through the Vantage FX App or live in Canada, you may not be able to withdraw money by credit card due to NAB gateway restrictions. Preferably, your funds will be withdrawn from your assigned bank account. When using a Debit/Credit card transaction, processing time takes a maximum of 3 to 5 business days.
Bonus
Vantage FX offers the ‘Refer A Friend’ bonus for every client. $150 is the reward for every friend referral. This offer varies in different countries.
Image 8: Refer A Friend bonus details in VantageFX.com
Customer Support
VantageFX provides customer support via Phone Calls, Live Chat, and Email. They provide 24/5 multilingual client support. The trading platform has a Customer support page, and they answer related questions via the FAQ page. Responding time is good for Email and Phone calls.
Table 6: Phone numbers to contact VantageFX Country wise
| Countries | VantageFX Contact Number |
|---|---|
| International Phone Number | +44 2080 363 883 |
| EUROPE | |
| United Kingdom | +44(0)20 7043 5050 |
| AUSTRALIA | |
| Australia | +1300 945 517 |
Image 9 Contact details in VantageFX.com
Education and Research
VantageFX primarily provides research from third-party content providers such as Trading Central. The broker also has some basic features like economic calendar and customer sentiment data.
The daily market updates that Vantage FX releases to its YouTube channel are of good quality. In the Business Tools section of the Client Portal, there are videos from the Trade Center that help with the video presentation of counter-balanced Vantage FX with flexible content.
In addition, platform tutorials for available for various platforms associated with VantageFX. Vantage FX offers a library of over 130 videos as part of its Pro Trader videos. Content ranges from short introductory clips for beginners to long advanced theories across forex and CFD trading including cryptocurrencies in a variety of exchanges.
Image 10: Smart tool videos in VantageFX.com
In a Nutshell
- VantageFX is Approved and Regulated by CIMA, ASIC, VFSC, FCA.
- VantageFX Market Assets are Forex, Indices, Energy, Commodities, Precious Metals, and Shares.
- They provide 3 types of live accounts such as Standard STP Account, RAW ECN Account, and PRO ECN Account.
- They offer an unlimited free demo account.
- The trading platforms are MetaTrader 4, MetaTrader 5, Social Trade, and the Vantage FX mobile app.
- The minimum deposit amount is $50, and the deposit fee is 0.
- VantageFX‘s Maximum leverage is 500:1
- They serve 24/5 customer support via Email, Ewallet, and Phone calls.
- Vantage FX provides the best educational section for beginners.
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