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.
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.
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.
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.
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.
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.
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.