Vantage FX Forex Broker Reviews 2023

Vantage FX is an established and licensed Forex and CFD broker owned and operated by Vantage Group of Companies. Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491 and is registered at Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111. Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901 and is located at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia. Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority, FRN: 590299 and is registered at 30 Moorgate, London EC2R 6PJ, United Kingdom (Company No. OC376560).

With Vantage FX, investors are signing up with a reliable global broker who guarantees safety of funds. Another advantage of signing up with this broker is they are regulated by international securities commissions. This means your assets are kept safe and secure from any unforeseen developments. With a user friendly website, members are able to get all details easily and fast. Thanks to a well-designed website, you can sign up in a matter of minutes and start trading.

Once you check most online reviews, you will be satisfied with the ratings of this broker. Most members are happy with how they were treated by the broker. Customer support is available all throughout. You don’t need to face any trading problems on your own; members have supports by their side. When you sign up with Vantage FX, expect to trade with more than 250 trading instruments. They include Crypto: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash; more than 70 Forex pairs, Indices, raw materials, and stock products. You have access to leading trading commodities the market has to offer.

Vantage FX Review

Vantage FX is a reliable and well-regulated NDD broker, offering competitive trading conditions for trading in various currency pairs and CFDs.

Vantage FX is a CFDs and Forex provider with a solid background and reputation. Thanks to having experienced brokers, members are left satisfied with this broker. With almost a rating of over 8 stars by online traders, Vantage FX is one of the trusted brokers. Vantage Grup of Companies is the company behind this platform. The mother company is dully registered in various jurisdiction like UK, Australia and Cayman Island. We confirmed their licenses on FCA, CIMA and ASIC register. Satisfied with their details, we decided to open an account and see how the platform works.

Account Opening

Opening an account with Vantage FX is easy and quick. Users have to simply fill out a form within five minutes or less. You are required to give your email address, password for the account, and your full names. Members have to disclose their country as well as give out their phone numbers for account verification. Once you sign up, you will have to agree to the terms and conditions used on this platform. And this is the first step in gaining access to a lucrative trading platform full of professional brokers.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, Vantage FX offers a demo account that you can use to practice and familiarise yourself with their platform.

Is Vantage FX Safe?

Forex Broker Expert reviews brokers for readers across the whole world to know whether they worth your time or not. We use a trust score algorithms to asses risk level. They major criteria we use in grouping a forex broker in to risk levels include total years in business, which regulatory licenses each firm holds, is the broker publicly traded in any stock exchange as well as our manual in house check.

Vantage FX has a trust score of more than 80% which shows safety because we find that they are licensed by reputable authorities like the Financial Conduct Authority in UK, the Australian Securities and Investments Commission (ASIC) and the the Cayman Islands Monetary Authority (CIMA), Securities Investment. These organizations require compliance with a number of strict rules that give significant assurance for the security of clients’ funds.

So, you don’t need to worry about security of your funds as TradeFred is involved in a compensation scheme that ensures traders’ funds are deposited in segregated accounts and the broker won’t use the fund for its own operation but only for traders’ margin. So we recommend anyone to trade with TradeFred.

Australia has become one of the main forex hubs worldwide due to the favorable conditions for both brokers and traders: scalping and hedging are allowed, the FIFO rule is not applicable, and there is no leverage cap.

Trading Platform

After checking their licensing, the next step was to check how their platform works. With this broker investors can trade forex, commodities and indices CFDs through the MetaTrader 4 (MT4) platform and MetaTrader 5 platforms.

MT4 provides all the tools and resources a trader needs: a number of built-in technical indicators, advanced charting package, a wide range of Expert Advisers (EAs) and extensive back-testing environment. EAs allow full automatization of trades, so traders may sit back and let the program do all the work. MT4 is available as a desktop download and, along with mobile trading apps, a web trader is also accessible at Vantage FX.

As most forex traders use VPS technology to ensure that their Expert Advisors can run non-stop, Vantage FX offers its clients a free VPS service on the condition that they reach certain trading volumes (10 standard lots per month on Standard account or 20 standard lots on a Raw ECN account).

While we are still on the topic of technology, we should probably mention the SmartTrader Tools package offered by the broker, which is quite impressive. This tools package is available to all clients with deposits of at least $1000.

In addition, Vantage FX has teamed up with both Zulutrade and Myfxbook’s AutoTrade to bring traders two of the most popular FX copy trade services available.

Vantage FX has also formed a strategic partnership with London Stock Exchange listed Tech Financial in order to provide its clients with access to the cutting edge web based Binary Options Trading Platform.

Vantage FX Broker Breakdown

Location: Cayman Island, UK, Australia

Minimum deposit: $200

Spread: Starts from 0.1 pips

Leverage: Max 1:500

Assets: Forex, CFDs, Crypto, Stock, Commodities, Binary Options.

License: Licensed.

VANTAGE FX offers its clients a choice of two live No-Dealing-Desk (NDD) account types, a commission-free Standard STP and Raw ECN, which provides direct market access to the highly liquid forex market against a reasonable commission fee.
Of course, a free Demo account is also available, which is always appreciated by newbies, and micro lots can be traded on both STP and ECN account types. Also, Vantage FX offers Multi Account Manager Solutions (MAM / PAMM accounts). The broker has teamed up with MetaFX to create a special MAM console.

Minimum Deposit

The acceptable minimum deposit with this broker is $200. And this is in line with the industry set acceptable minimum deposit which is the same price. Investors are free to go higher with deposits of $500, $1,000, $2,500, $5,000, and $10,000.

Deal closing time is set at a day, a week, or a month. They also have a much higher risk than longer transactions.

Spreads and Commissions

When we want to compare the spreads of Forex and CFD brokers, we download the demo version in order to see the benchmark EURUSD spread as it is the most popular currency pair.

As a NDD broker, VANTAGE FX offers variable spreads. The broker quotes as typical for the Standard STP commission-free account spreads of 1.4 on the EUR/USD pair, which is average for the forex market. Spreads on the Raw ECN account, on the other hand, are really tight, averaged just 0.1 pips on EUR/USD. Taking into account the commission applicable to this account type ($3 per standard lot per side), average trading costs for the EUR/USD pair are around 0.7 pips, which is considerably lower than the typical spread that we find other brokers are quoting which is about 1.5 pips.

Benefits of Vantage FX

You can get a personal analyst to help you gain control of your trading. Vantage FX also gives traders a chance of having narrow spreads from 0.1 pips. Vantage FX clients get access to MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps for trading platforms, offers exclusive FX promotions, has a leverage of up to 500:1, and has earned numerous awards. You will also get the highest speed of operation from this platform. Another strong advantage is having multi-currency accounts such as AUD, CAD, GBP, EUR, JPY, NZD, SGD, and USD. Their accounts comes with a minimum trade size of 0.01. You will also get 24/7 support and quick help if you get stuck somewhere. These are just a few benefits of trading with Vantage FX.

Deposit and Withdrawal

With Vantage FX, members get instant deposit and withdrawal of funds. Replenishing accounts is through a reliable and secure system. You can use any of your credit/debit cards and wire transfer to fund accounts. Some of the withdrawal options include bank credit/debit card, wire transfer, BPAY, Neteller, and Skrill, and others. Members trade knowing there are no hassles when it comes to withdrawing funds.

Are funds safe with Vantage FX Group?

Thanks to strict guidelines, the site is SSL Encrypted and listed as a trusted broker. Vantage FX has also meet international safety standards making it a secure platform. DDoS encryption is also available when transferring funds. Going back further, in 2012, Vantage FX earned honors from the DealMakers Annual Banking Awards for Best Forex Broker and Forex Execution House South East Asia. The same year, World Finance honored the broker during its Foreign Exchange Awards and the IBTIMES Trading Awards awarded Vantage FX for Best Forex Execution in Asia-Pacific. In 2011, the IBTIME Trading Awards honored Vantage FX with an Excellence Forex Award as a Forex Broker Australia and with a Best Forex honor for Forex Broker South East Asia. Also in 2011, the Smart Investor Blue Ribbon Awards labeled Vantage FX as Recommended for Forex. The broker also was a winner at the 2011 IAIR Awards and a finalist for Best Forex Broker from The Bull.

What more, the Australian watchdog applies certain rules and requirements to license holders, the most important being the minimum capital requirements and the clients’ money rule: Client funds must be kept in segregated trust accounts (separated from the companies operating funds), and forex brokers must hold at least $ 1 million as a proof of good financial standing.

Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent.

Training and Research

Free training is available for newbie traders as they can use materials and video courses online. Each client is provided with a professional analyst who helps with the day to day trading. You will also receive trading sentiments for the most profitable transactions. The platform is offering a free training course in the form of technical and fundamental analysis on its blog from in-house staff as well as guest writers, and we believe is ideal for newbie investors and traders.

Contract Agreement

As a way of ensuring all parties follow set industry rules and regulations, Vantage FX ensures contracts are followed. Users can easily check the agreement’s page and read the terms and conditions required. Some of the agreements include Customer policy, limitation of liability, refund policy, and license. We checked and believe the terns are ideal and follow set industry regulations and rules.

Demo Account

Vantage FX is offering users with a demo account to test how their platform works. A demo account gives users a chance to test how well the platform works. With a demo account, users get over 40 forex pairs available, along with the ability to use up to 500:1 leverage. Vantage FX demo also offers access to 10 world stock exchange indices with a focus on the most liquid indices and a leverage of up to 200:1. Commodities trading on Vantage FX demo includes a maximum volume of 20 lots traded for precious metals, a leverage of up to 100:1 on energy markets, and margins from 1 percent on soft commodities markets.

We saw crypto trading Bitcoin with a leverage of up to 5:1, Bitcoin Cash with a 2:1 leverage and contract volume of 0.01, and Dashcoin with up to 50 contracts per trade. There is also trading for Litecoin, Ripple, and Ethereum. With the demo account, you will get to test how fast the platform works as well as analysis offered.

How to make contact?

Members are guaranteed of a professional technical support team which works 24/5. Vantage FX is backed with phone numbers for those in Australia, the UK, China, Canada, and International, as well as a fax number for contact and has headquarters in UK, Cayman Island and Australia. When it comes to analytics, this platform has experienced analysts working for members. Feel free to contact them using phone calls, email, or visit any of their offices. Any questions sent via email are responded within a working day. And this makes communication effective and transparent.

Vantage FX License & Regulations

When investors research an online CFD broker, there are many factors they take into account. The main item that we look for to determine if a broker is a legitimate broker or a scam is, are they licensed and regulated by a financial regulatory agency?

• Vantage Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC), with AFSL license number 428901.
• Vantage International Group Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

Trading with a broker that is licensed by ASIC is always going to be a wise choice. You know that your funds are secured, and that they follow the laws of Australia.

Our best advise for you

Thanks to their transparency, members trade knowing their funds are safe at all times. With the company being dully registered, investors can trade knowing they are in capable hands. A true broker will ensure they are easily accessible at all times. Once you call them, the help desk will try their best to answer your queries. With a reasonable platform, trading becomes easy and fun for expert and newbie traders.

Vantage FX Review Conclusion

We are satisfied with how Vantage FX offers their services to investors. We highly recommend this broker to anyone who wants to start trading forex.

Compare Vantage FX

You can also use other recommended brokers and start making trading now. Learn more about Best Forex Brokers

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Try a Free Demo Account at: AvaTrade.com, and see how it is.