Vantage FX Review

True ECN Broker, ASIC-Regulated
Editor’s Rating: 89

Very Good

Average User Rating:

Very Good

Introduction

Vantage FX is a forex broker that operates under the strict watch of the Australian Securities and Investment Commission (ASIC). They advertise that they are a true ECN (Electronic Communication Network) broker that is capable of providing their clients with super-fast forex trading execution. On paper, these sound really good and promising but are they really that good? If you want to know the answer, continue reading.

Account Features

Demo Account: Comes with $50,000 virtual funds

When you open a forex demo account, it will be preloaded with a $50,000 virtual fund which you can use to try out their platforms and execute practice trades while enjoying real-time market prices.

Bonuses: Various promotional campaigns

They have different promotional campaigns from time to time not just for new clients but also for those who have existing accounts with them. They even hold competitions where traders can win expensive gadgets and other prizes.

Trading Details

Platform: State-of-the-art choices

They have a great selection of MT4 platforms that can be accessed on a diversity of devices: MetaTrader 4 for Mac, MT4 WebTrader, MetaTrader 4 Mobile Apps, MAM/PAMM, MyFXBook AutoTrade and ZuluTrade. All of these are updated in real-time so you can execute actions whatever mode of access you choose.

vantagefx platform

Mobile Trading: Apple and Android compatible

If you prefer to trade using your smartphone or tablet then you should definitely use their mobile applications that are available for Apple and Android-powered devices. You can basically do all activities in an interface that has been developed especially for smaller screen sizes.

Minimum Lot Size: Trade micro lots as you please

This broker allows trading with micro lot sizes for as low as 0.01. This gives you the liberty to play with fractions of a standard lot if this is your trading preference.

vantagefx lot size

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Maximum Leverage: Larger returns at stake

They have a standard forex leverage at 1:100 which can be extended up to 1:500. Do take note that you will only be able to enjoy a higher leverage if you submit an increase in trade leverage request and that you accept the high risks.

Spreads: Sourced from known providers

Their feeds on the MetaTrader 4 platforms are provided by trusted liquidity providers and banks allowing you to access spreads that can go for as low as 0.0 pips via a RAW ECN account and 1 pip with a Standard STP account. The EUR/USD major currency pair for example can reach a 1 pip value even during liquid times.

Tradable Instruments: 50+ products available

As of this writing, they have 53 products consisting of 40 currency pairs which include the majors like the EUR/USD, GBP/USD and AUD/USD.

vantagefx instruments

Deposit & Withdrawal/Support

Minimum Deposit: Easily attainable

They require a minimum start-up deposit of $100 to be able open an account and begin trading using their platforms. Such amount is easily attainable since this is at par with the industry standards.

Deposit Methods: Flexible payment options

Among the payment options that they accept include credit and debit cards, domestic bank transfers, international bank transfers, BPAY (Australian clients only), POLi Payments (Australian clients only), Skrill/ Moneybookers and Neteller.

Withdrawal Processing Time: Impressively quick

Withdrawing funds can be done online or by accomplishing a Manual Withdrawal Form. If the request was received before 02:00 then it shall be processed on the same day. If it was received after the said cutoff or when there is an unexpected surge in withdrawal volumes then this will be processed on the next business day. This is undeniably faster that the processing time of most brokers which could take way longer.

vantagefx deposit

Support

Channels: Different contact methods

You have the option to contact the support via international and domestic (Australia, UK, China and Canada) phone, fax, email or live chat.

Availability: Monday to Friday

Their customer support team is available 24 hours a day from Monday to Friday.

Supported Languages: 3 choices

Currently, the languages that they support are English, Chinese and Spanish.

vantagefx support

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User Reviews

Average User Rating: 9.4

This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.

vantagefx reputation
vantagefx reputation
vantagefx reputation
vantagefx reputation

Editor’s Opinion

Platform Design: Easy to use and equipped with helpful trading features

All of their platforms have a very basic layout making them less complicated to use. It also provides direct access to various tools and features which traders might find useful.

Support: Quick and accurate response

Responses via all modes of communication with this broker are impressively fast and most of the answers that they provide are straight to the point, devoid of any sales talks and accurate.

Reputation: A true ECN forex broker that is fully regulated by the ASIC

This brokerage is regulated by the Australian Securities & Investments Commission but aside from their license to operate, they are also reputable for being a true ECN broker. This means are able to provide real market conditions and fast trade executions.

Conclusion

Editor’s Rating: 89

Vantage FX has a set of customized platforms that are primarily developed for the needs of their clients. The value-added features such as the variable spreads, the range of instruments, the first class support and their stature as a fully regulated and transparent brokerage all add up for a more enhanced trading experience.

 

Is This The Right Broker For You?

Yes
Open Account
No
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16 comments

  1. John Daunter

    Vantage FX is one of those Australian regulated broker which I personally choose to register with. After a couple of months, I am enjoying the amount of profit no other traders are making. I really trying to make it a point that I am trading only with the regulated one.

    • Andrew Burkhart

      Good for you Mr. Castellano, I should have made the same decision a long time ago. Though I am currently trading with a regulated broker now, I really have a bad experience with the unregulated ones. And like you do, I am trying their demo account to see if my account will eventually migrate into a real money one.

  2. Andrew Burkhart

    |Author

    Good for you Mr. Castellano, I should have made the same decision a long time ago. Though I am currently trading with a regulated broker now, I really have a bad experience with the unregulated ones. And like you do, I am trying their demo account to see if my account will eventually migrate into a real money one.

    • Drew Packard

      I basically believe that it is just the same, so you need not to worry. The best part of this broker is the transparency and the honesty that they offer. What they told in the ads are exactly the same thing you will get.

  3. Drew Packard

    |Author

    I basically believe that it is just the same, so you need not to worry. The best part of this broker is the transparency and the honesty that they offer. What they told in the ads are exactly the same thing you will get.

  4. Elvin Mooney

    |Author

    All I knew is that there should be no difference with the spread offering whether you trade in a webtrader or in MT4. Since they are just the same, they basically run the same updates.

    • Antonia Hillman

      |Author

      that should be the correct statement, and if you guys have questions and confusions please don’t hesitate to contact their live chat support or you may even call them on their toll free numbers

  5. Elvin Mooney

    All I knew is that there should be no difference with the spread offering whether you trade in a webtrader or in MT4. Since they are just the same, they basically run the same updates.

    • Antonia Hillman

      That should be the correct statement, and if you guys have questions and confusions please don’t hesitate to contact their live chat support or you may even call them on their toll free numbers

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