Vantage FX Review 2020

Vantage FX Summary

Vantage FX is a Forex broker that started operating in 2009, with its headquarters in Australia. This Forex broker offers traders the option to pursue their financial goals and give access to global financial markets.
This Vantage FX review will give you an in-depth analysis of this Forex broker and all of its features.
Vantage FX is a CFD and Forex trading broker that provides exclusive services of MetaTrader. You will find two different trading accounts and a Professional Account with more leverage but with less regulation protection. Vantage FX is regulated under the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. You will be able to trade in six different asset classes, and more than 40 currency pairs.

Vantage FX Main Features
🛍️Established in:
2009
🛍️Headquarters:
Australia, Cayman Islands
⚖️Regulations:
ASIC
⚖️Country of regulation:
Australia
💰Minimum Deposit:
$200
💰Platforms:
MT4, MT5
🎮Demo Account Available:
Yes
🎮Leverage:
500:1
💰Withdrawal fee amount:
$0
💰Inactivity Fee:
No

Background

Vantage FX is the main representative of the brand name Vantage Global Pty Ltd. This Forex broker started operating in 2009, under the previous name of MXT Global, until it rebranded in 2015. Vantage FX was registered in Australia with an aim to target Australian audiences until it expanded its headquarters to both Australia and the Cayman Islands.

Pros

  • Regulated by the Australian Securities and Investment Commission (ASIC)
  • Provides Demo Account
  • More than one trading account
  • No deposit fee
  • No withdrawal fee
  • Different means of communication
  • Wide range of financial markets
  • Selection of account base currency
  • Fast account opening process
  • Trading hours are 24\7

Cons

  • Does not provide cryptocurrency
  • Raw ECN accounts charge a 3USD commission
  • Does not accept Canada and US residents

Safety & Regulation

Vantage FX is a Forex trading broker that is regulated by the Australian Securities and Investment Commission (ASIC), partnered with the National Australian Bank (NAB), and provides investor protection to all its traders. In addition, Vantage FX conducts regular audit reports to the ASIC, ensuring that Vantage FX values transparency in all its interactions and transactions

This Vantage FX review is to inform traders on the security measures and regulations you will find with Vantage FX.

Pros

  • Regulated by the Australian Securities and Investment Commission (ASIC)
  • Partnered with the National Australian Bank (NAB)
  • Stores client funds in segregated accounts
  • Provides investor protection
  • Conducts regular audit reports 

Cons

  • Does not provide negative balance protection

Regulation

With Vantage FX, you will find that client funds are stored in segregated funds away from corporate funds. The client funds are stored in accounts in the National Australia Bank (NAB). Vantage FX is regulated by the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. With the ASIC regulations, Vantage FX is guaranteed to offer transparent and fair access to financial markets.

Protection

With Vantage FX, all client funds are stored in segregated accounts with the National Australia Bank (NAB). Vantage FX conducts audit reports on a regular basis, to ensure transparency in its operations and transactions. Additionally, Vantage FX offers investor insurance to provide traders with the option to trade safely and comfortably. Investor protection covers the done by the employees, representatives, and authorized representatives in Vantage FX.

Awards

Vantage FX has received awards of different stature since 2011, due to its excellent Forex execution, constantly being named as the Best Financial Trading Services Provider of the Year from several awarders. In 2016, The Fore X awarded Vantage FX with the title of Best ECN Broker, while Finance Monthly awarded Vantage FX with the award of the Financial Trading Services Provider of 2017. In 2019, Vantage FX received the same award, as the Financial Trading Services Provider of the Year, from CV Magazine.

Vantage FX Fees

Vantage FX offers very low trading fees and no non-trading fees. You will not be charged with a commission as a Standard Account holder. As a Raw Account holder, you are required to pay a 3USD maximum per traded lot.

This Vantage FX review expresses the different trading and non-trading fees you will need to be informed of.

Vantage FX offers very low trading fees, compared to other Forex brokers in the trading industry.  This Forex trading broker has the option of allowing you to choose the spreads you prefer through your trading account. With Vantage FX Standard Account, you will find that the spreads start from 1.6 pips, while the Raw Account has spreads that start from 0.6 pips. The Pro ECN Account has spreads starting from 0.0 pips.

With Vantage FX, you will not be charged with a commission as a Standard Account holder. However, as a Raw Account holder, you will be charged with a 3USD commission per traded lot per side. For the Pro Account holder, the commission charged is 2USD per traded lot per side.

Pros

  • No deposit fee
  • No withdrawal fee
  • No account fee
  • No commission charged for Standard Account
  • No inactivity fee
  • Low minimum deposit amount for Standard Account

Cons

  • Commission charged of 3USD per traded lot
  • High minimum deposit amount for Raw and Pro Account 

Non-Trading Fees

Vantage FX does not charge any non-trading fees to its clients. This Forex trading broker does not charge you for having a Vantage FX account, being inactive on your Forex trading account, or any other fees that is relevant to your account. In addition, Vantage FX does not charge deposit fees or withdrawal fees, which mean that you do not have to pay a fee for depositing funds into or withdrawing funds from your account.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD

Vantage FX Fees Compared To Competitors
Vantage FX XM ThinkMarkets 
Account Fee No No No
Inactivity Fee No Yes No
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Leverage

With Vantage FX, all three trading accounts have the same maximum leverage level of 500:1. This Forex trading broker provides a standard leverage level of 100:1, but the maximum leverage level can reach up to 500:1.

Account Opening

There are three types of trading accounts with Vantage FX: the Standard Account, the Raw Account, and the Pro Account. The Standard Account is a Straight Through Processing execution system, while the Raw Account and the Pro Account are both Electronic Communication Network execution systems.

This Vantage FX review is to give you a deeper insight on the different trading accounts, its similarities and discrepancies.

Minimum Deposit

With Vantage FX, you will find that the minimum deposit depends on the type of trading account you will use. The Standard Account requires a minimum deposit amount of 200USD. For the Raw Account, you are required to make a minimum deposit of 500USD, and the Pro Account requires a 20,000USD minimum deposit amount.

Pros

  • Different types of trading accounts
  • Leverage up to 500:1
  • Wide selection of account base currencies
  • No commission charged in the Standard Account
  • Raw Account and Pro Account have spreads starting from 0.0 pips
  • Low minimum deposit required from Standard Account
  • Fast and easy account opening process

Cons

  • Commission charged in Raw Account and Pro Account
  • High minimum deposit amount for Raw Account and Pro Account

Standard Account

With Vantage FX, there are three types of trading accounts and the first trading account is the Standard Account. You will be able to use the Standard Account with the Straight-through-Processing (STP) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 200USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Standard Account starts spreads from 1.4 pips, with 0USD commission.

RAW Account

With Vantage FX, there are three types of trading accounts and the second trading account is the Raw Account. You will be able to use the Raw Account with the Electronic Communication Network (ECN) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 500USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Raw Account starts spreads from 0.0 pips, with a 3USD per lot per side as commission.

Pro Account

With Vantage FX, there are three types of trading accounts and the third trading account is the Pro Account. You will be able to use the Pro Account with the Electronic Communication Network (ECN) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 20,000USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Pro Account starts spreads from 0.0 pips, with a 2USD per lot per side as commission.

How To Open a Vantage FX Trading Account

Vantage FX Live Account

Opening a live trading account with Vantage FX takes no more than 3 minutes.

Step One: Fill in your personal information in the online application

Vantage FX Live Account Step -1

Step One: Fill in your personal information in the online application.

Step Two: Fill in your details including your identification number and place of residence.

Vantage FX Live Account Step -2

Step Two: Fill in your details including your identification number and place of residence.

Vantage FX Live Account Step -2 (2)

Step Two: Fill in your details including your identification number and place of residence.

Step Two: Define your employment status, your financial information, and your trading background.

Vantage FX Live Account Step -3

Step Three: Define your employment status, your financial information, and your trading background.

Vantage FX Live Account Step -3 (2)

Step Three: Define your employment status, your financial information, and your trading background.

Step Four: Choose your preferred trading platform, base currency, base account currency, and confirm that you agree with the terms and conditions of Vantage FX.

Vantage FX Live Account Step -4

Step Four: Choose your preferred trading platform, base currency, base account currency, and confirm that you agree with the terms and conditions of Vantage FX.

Vantage FX Live Account Step -4 (2)

Step Four: Choose your preferred trading platform, base currency, base account currency, and confirm that you agree with the terms and conditions of Vantage FX.

Step Five: Upload a Proof of Identity (POI) or Proof of Residence (POR) document.

Vantage FX Live Account Step -5

Step Five: Upload a Proof of Identity (POI) or Proof of Residence (POR) document.

Deposit & Withdrawal

Vantage FX offers free deposits and withdrawals, so you will not have to worry about being charged extra fees. You can choose from 6 different account base currencies and several different types of payment methods.  

This Vantage FX review will demonstrate the different types of account base currencies, the deposits and withdrawals processes, and the different payment methods.

Account Base Currencies

With Vantage FX, you have six different account base currencies that you can select from as your currency of choice. The account base currency is essential to define which currency will handle your transactions. You can choose one account base currency from the following: USD, GBP, EUR, AUD, SGD, and CAD.

USD GBP EUR
AUD SGD CAD

Deposits

There are several different ways of depositing funds into your Vantage FX trading account. You can deposit funds via E-Wallet, Credit\Debit Card, Bank Transfer, and by Broker-to-Broker transfer. You do not have to worry about being charged with a deposit fee, since all deposits are free with Vantage FX. You will find that deposits are processed in 24 hours, or could up to 2-5 business days, depending on the payment method you choose.

There are several different ways of depositing funds into your Vantage FX trading account. You can deposit funds via E-Wallet, Credit\Debit Card, Bank Transfer, and by Broker-to-Broker transfer. You do not have to worry about being charged with a deposit fee, since all deposits are free with Vantage FX. You will find that deposits are processed in 24 hours, or could up to 2-5 business days, depending on the payment method you choose.

Pros

  • No deposit fee
  • Different account base currencies
  • Several types of payment method

Cons

  • Slow depositing process for some payment methods

Vantage FX Deposit Options

  • Bank Transfer
  • Electronic Wallet
  • Credit\Debit Card
  • Broker-to-broker transfer

Withdrawal

Withdrawals with Vantage FX are a fast process that is usually processed in 2 business days, with any payment method. There are four types of different payment methods to select from, including: Bank Transfer, Electronic Wallet, Credit\Debit Card, and Broker-to-broker transfer. You do not have to consider a fee while requesting a withdrawal, since this financial transaction is free. However, you might be charged with an 20AUD withdrawal fee, if you perform a withdrawal via an international telegraphic transfer (TT).

Pros

  • No withdrawal fee
  • Different account base currencies
  • Several types of payment methods

Cons

  • Withdrawal fee of 20AUD on Telegraphic Transfers

Vantage FX Withdrawal Options

  • Bank Transfer
  • Electronic Wallet
  • Credit\Debit Card
  • Broker-to-broker transfer

Trading Platforms

With Vantage FX, you will be able to choose between the Vantage FX Application, MT4, and the MT5 platform. The MT4 platform is ideal for novice traders who are new to the trading scene, while the MT5 platform is suitable for advanced traders who have experience in trading.

In this Vantage FX broker review, we are testing the quality of the MT4 trading platform.  Vantage FX takes pride in being one of the best brokers that apply the MetaTrader4 platform into Australia.

  • MetaTrader4
  • MetaTrader5
  • Vantage FX App
  • WebTrader

Web Trading Platform

With the MT4 web trading platform, you will be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 web trading platform does not have a two-step login process, which means you will not have the additional security measure to protect your account.

Despite not having a two-step login process, you can set alerts to notify you on price movements of a market or for a certain time period. This way you will automatically be notified and can strategize accordingly.

Pros

  • Downloadable on MAC and Windows
  • Customizable charts
  • EAs available
  • Custom indicators

Cons

  • MT4 only has 4 pending orders, while MT5 has 6
  • No two-step login process

Desktop Trading Platform

The desktop trading platform is very similar to the web trading platform, and you can enjoy the same features. The difference between both platforms is that the desktop trading platform is accessed straight from your Personal Computer and not through the web.

With the MT4 desktop trading platform, you will be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 desktop trading platform does not have a two-step login process, which means you will not have the additional security measure to protect your account.

Despite not having a two-step login process, you can set alerts to notify you on price movements of a market or for a certain time period. This way you will automatically be notified and can strategize accordingly.

Pros

  • Downloadable on MAC and Windows
  • Customizable charts
  • EAs available
  • Custom indicators

Cons

  • MT4 only has 4 pending orders, while MT5 has 6
  • No two-step login process

Mobile Trading Platform

With the MT4 mobile trading platform, you will also be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 mobile trading platform does not have the option of facial recognition or fingerprint, which means you will have to log in manually.

However, you will get notifications on price alerts when there are any movements in a specific market or a particular timeframe. You will receive the notification in the form of a push notification on your mobile device.

Pros

  • Available for iOS and Android users
  • Monitor prices on-the-go
  • Custom indicators
  • View order history and account balance

Cons

  • No facial recognition

Markets & Financial Instruments

Vantage FX provides six different financial asset classes and instant access to financial markets. Each asset class has financial instruments that you can select from, in order to trade in your preferred financial market.

This Vantage FX review is to list all the different financial asset classes and financial instruments you will be able to trade with.

Vantage FX has six different financial asset classes, which are: Forex, Commodities, Indices, Share CFDs, Energy, and Precious Metals. These six financial asset classes are broken down into different classifications. You can trade with more than 40+ currency pairs, 15 indices, 5 energies, 5 commodities, and 3 precious metals. As for the share CFDs, there are 4 types of share CFDs: US Share CFDs, HK Share CFDs, AU Share CFDs, and UK-EU Share CFDs.

What Vantage FX Offers
Forex Commodities
Indices Precious Metals
Shares CFDs Energy

Markets Research & Trading Tools

Vantage FX values market research and trading tools to enhance your trading knowledge and trading strategies. You will be able to access different trading tools as a Vantage FX trader, however, to access VPS, you will need a minimum balance of 1000USD.

This Vantage FX review defines the different trading tools and market research materials, along with all of its features.

Trading Tools

Vantage FX has a myriad of trading tools, which will help enhance your trading strategies. Trading tools such as MT4 Smart Tools, Forex VPS, Forex Sentiment Indicators, and Pro Trader Tools.

Vantage FX has different types of trading tools that will improve your trading strategies and trading decisions. The trading tools available are Forex VPS. MT4 Smart Tools, Forex Sentiment Indicators, and Pro Trader Tools.

Pro Trader Tools allows access for fundamental ideas with customized filters and trading on-the-go. Forex Sentiment Indicators represent trading volumes to help you make an informed decision on trading. MT4 Smart Trader Tools allow you to stay alert via an alarm manager with 6 types of alarms, which automatically trigger market or pending orders. Forex VPS ensures that the MT4 trading platform operates non-stop, automatically.

Vantage FX Tools
MT4 Smart Tools Forex VPS
Pro Trader Tools Forex Sentiment Indicators

Pros

  • 6 types of alerts available
  • Forex VPS ensures Expert Advisors (EAs) operates non-stop
  • Custom filters on Pro Trader Tools

Cons

  • Minimum balance 1000USD for Forex VPS

Market Research

Social Trading with Vantage FX can be done on ZuluTrade or on Myfxbook, where you can interact with the trading community and share your trading knowledge. Economic Calendar will help you, as an active trader, to be able to track and stay updated on important market-moving trading events.

Pros

  • Economic calendar updated daily
  • Social Trading enables you to share your trading strategies
  • Social Trading allows you to interact with trading communities

Cons

  • None

The economic calendar allows you to be able to stay up to date on all the different trading events, and you’ll know how it will affect your trading decisions. Social Trading via ZuluTrade or Myfxbook, which enables you to talk to different traders and share your trading knowledge.

Customer Service

Vantage FX has a fast paced customer service support, which allows you to be able to get the answers of your questions as fast as possible. There are several means of communication, but not all forms of communication are fast at responding. The Vantage FX customer support service is not available 24\7, unfortunately.

This Vantage FX review will tell you the different means of communication on how to reach the customer service department.

Vantage FX gives traders the option to reach out to the customer service department in several ways: via phone, via live chat, via postal service, and via email. The customer service is not available 24\7, but it makes up for it in its fast response time. The customer service takes about 2-3 minutes to respond to live chat questions or phone support, while email support is received and answered within 24 hours. In regards to the phone support, you will find that they have different branches of customer service in multiple countries, on the Vantage FX website.

Pros

  • Different means of communication
  • Fast paced at responding to clients
  • Accurate in responding to inquiries
  • More than one language available

Cons

  • Not available 24\7
  • Postal service is slow
  • Email support responds within 24 hours

Means Of Communication

  • Live chat
  • Email support
  • Phone support
  • Postal service

The Vantage FX customer service has proven to be effective for traders, but it is very rare for traders to reach out to the customer service department. This is due to the fact that most traders will find answers to their questions on the Vantage FX website. However, those who have used the customer service have found that the overall trading experience was improved from the customer service department of Vantage FX.

Client Education

Vantage FX offers you the option to learn all you need to know about the trading world, through the Learn Forex section on the website. You will find that there are several forms of learning approaches: written articles, tutorial videos, and two Demo Accounts.

This Vantage FX review will demonstrate a step-by-step guide on how to open a Demo Account.

Pros

  • Visual aid available
  • Written material available
  • Targets both novice and advanced traders
  • Three different trader classification
  • Wide range of educational topics on trading
  • Demo Account available

Cons

  • None

There are several forms of client educational materials that allow both novice traders and expert traders to learn about the trading world. Vantage FX holds a section on its website, labelled as Learn Forex, with an extensive range of articles to educate traders with. The Learn Forex section consists of detailed articles and written materials on both the basics of trading and advanced trading analysis. Novice traders will benefit in the basics of trading, while advanced traders will benefit from the more in-depth articles on Forex analysis and Forex psychology.

On the other hand, Vantage FX also provides traders with educational videos as a how-to guide on trading platforms. You will find tutorial videos on how to use MetaTrader4 and MetaTrader5, which covers all topics of the trading platform. If you are an advanced trader, you will find the how-to visual guides that demonstrate on using the MT4 SmartTrader Tools are also useful.

Client Education Resources

  • Learn Forex
  • MT4 Manuals
  • MT5 Manuals
  • MT4 Videos
  • SmartTrader Tools Videos
  • Demo Account

How To Open a Demo Account

Step One: Fill in your personal information in the online application

Vantage FX Demo Account Step -1

Step One: Fill in your personal information in the online application

Step Two: Choose your preferred account type, account base currency, and trading platform.

Vantage FX Demo Account Step -2

Step Two: Choose your preferred account type, account base currency, and trading platform.

Step Three: Start Trading!

Vantage FX Demo Account Step -3

Step Three: Start Trading!

Conclusion

Vantage FX is an Australian broker that is regulated by the Australian Securities and Investment Commission (ASIC), operating in Australia and Cayman Island. There are three trading accounts that depend on your trading experience: the Standard Account, the Raw Account, and the Pro Account. Vantage FX does not require a deposit fee or a withdrawal fee, and its non-trading fees are non-existent. Trading fees are low, compared to other Forex trading brokers.

Overall, Vantage FX is a safe broker to trade with and it is known for its transparent processes and transactions.

Vantage FX
$200
Min. Deposit
100%
Bonus
Regulated byASIC
Leverage1:500
Customer Support24/5
Open Account

Vantage FX Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is Vantage FX a Good Broker?
Vantage FX is a CFD and Forex trading broker that provides exclusive services of MetaTrader. You will find two different trading accounts, and a Professional Account with more leverage but with less regulation protection. Vantage FX is regulated under the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. You will be able to trade in six different asset classes, and more than 40 currency pairs.
Is Vantage FX Legit?

Vantage FX is a Forex trading broker that is regulated by the Australian Securities and Investment Commission (ASIC), partnered with the National Australian Bank (NAB), and provides investor protection to all its traders. In addition, Vantage FX conducts regular audit reports to the ASIC, ensuring that Vantage FX values transparency in all its interactions and transactions

How Long Do Vantage FX Withdrawals Take?

Vantage FX withdrawals take from 1-2 business days.

What Is The Minimum Deposit For Vantage FX?

The minimum deposit of Vantage FX is 200USD.

Is Vantage FX Regulated?

With Vantage FX, you will find that client funds are stored in segregated funds away from corporate funds. The client funds are stored in accounts in the National Australia Bank (NAB). Vantage FX is regulated by the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. With the ASIC regulations, Vantage FX is guaranteed to offer transparent and fair access to financial markets.

Is Vantage FX An ECN Broker?

Yes, Vantage FX is an ECN broker.

Is Vantage FX Safe?

With Vantage FX, all client funds are stored in segregated accounts with the National Australia Bank (NAB). Vantage FX conducts audit reports on a regular basis, to ensure transparency in its operations and transactions. Additionally, Vantage FX offers investor insurance to provide traders with the option to trade safely and comfortably. Investor protection covers the done by the employees, representatives, and authorized representatives in Vantage FX.