Vantage FX is one of the leading online brokers. Big strength: Its demo account that will make it easier for you to get to grips with the site’s interface before you start trading. For the experts, more than 120 currency pairs, commodities, indices & CFDs to build a complete portfolio!

It is clear that the online trading offer has multiplied in recent years. Brokers and banks are redoubling their efforts to satisfy potential investors: premium in euros, tight spreads, powerful leverage, mobile application, etc. New brokers have appeared such as Alvexo for example and VantageFX. This Australian forex broker has many assets that deserve that we stop on him to deliver a complete review. Focus on Vantage FX and its attractive offer.

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80% of retail investor accounts lose money when trading CFDs with this provider

Introducing Vantage FX Review: a recognized and regulated trading platform

Overview of the online broker

Vantage FX is an Australian online broker offering global access to the Forex market worldwide. The company was established in 2009 as MXT Global before being rebranded in 2015 under its current name.

Being an authorized representative of Vantage Group International Limited, this reputable broker provides access to over 40 currency pairs and as many contracts for difference on precious metals, global indices, energy, agricultural commodities and of course Bitcoin;

Vantage Forex uses popular platforms such as MetaTrader4 (MT4) and MetaTrader5 (MT5), both developed by MetaQuotes Software Corporation. It also offers access to other platforms used for automatic trading.

The broker has also introduced a 50% Euro bonus or deposit bonus (from a minimum of 200 euros up to a maximum of 500 euros) on the initial deposit. An additional criterion for taking advantage of this is the registration for the VantageFX welcome bonus promotion. The trader gets daily forex signals. Step 3: Start trading online with or without leverage (up to 500:1).

 

 

Strong Regulation: A Strong Signal of Reliability

In addition to its affiliation with Vantage International Limited, Vantage Forex is in strict compliance with the regulations of the Cayman Islands Monetary Authority (CIMA). The broker also cites transparency as one of its main assets in attracting clients. Serious regulation by reliable organizations that guarantee smooth trading.

It holds a license issued by the Australian Financial Services Licensing Authority (AFSL). Vintage broker is regulated by CIMA, but also and above all by the Australian Security and Investment Commission (ASIC) which is a level 1 regulatory authority (highest degree of confidence).

Moreover, this Fx broker works in collaboration with other well-known partners. One Zero financial, for example, through the One Zero MT4 bridge, ensures an extremely responsive trading environment, without interruption and scaled to offer a unique experience to investors. In addition, it can boast of being the only broker to offer accounts in compliance with the Sharia. It holds a certification to this effect signed by Sheikh Hasan Qamra – Chairman of the Sharia Supervisory Board. A broker like Alvexo cannot boast such a level of trust.

A forex broker recognized by its peers and clients

Since its inception, Vantage Fx has been awarded around 15 global titles and/or awards. For two successive years, in 2017 and 2018, it won the Fintech Awards for being the best trading service provider of the year. In 2016, the platform swept 3 The ForeX Awards.com: best ENC (Electronic Network Communication) broker, best presentation and best customer service. Its mobile application often catches the eye for its efficiency and ease of use. The execution of orders is instinctive and ultra responsive.

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80% of retail investor accounts lose money when trading CFDs with this provider

What Vantage FX offers

Becoming one of the most popular brokers among investors requires a service offering that is adapted to their multiple expectations. Vantage FX France implements a coherent and efficient set of services that we will present to you.

The different financial products

The number of trading instruments is not Vantage Fx’s forte. However, clients will find the most popular instruments of the moment at this broker.

• Forex: Traders can access over 40 currency pairs and take advantage of the fluctuating global markets.
• Stock Indices: Traders have access to 10 stock indices, whose prices are based on the underlying prices of each corresponding stock market.
• Agricultural Products: This is a new market that traders at Vantage fx now have access to. There are currently 4 such products.
• Energy: This instrument includes 7 products including oil, natural gas, gasoline and diesel.
• Precious Metals: These include gold and silver, but also copper is now considered a key indicator of global economic health.

In addition to these basic instruments, it is also possible to trade more trendy instruments like crypto currencies including Bitcoin. Many of these products are available for trading with leverage to increase the volume of funds invested. Up to 500:1.

Small reminder the leverage is to be handled with caution since the losses can also be increased. And mechanically the fees too: a larger amount of money invested implies heavier spreads. Alvexo offers leverage at the same level.

 

Features included in the trading offer

In order to offer a unique user experience, vantage fx has partnered with some great companies. These include MetaQuotes Software, OneZero Financial, Trading Central and Cellxpert. Its Vantage Forex platform is compatible with both Windows and Mac OS. It is also available on the browser and on Android and iOS mobiles.

Several types of tools are offered to investors. Some of them are presented as add-ons. These are in this case:

• Binary option platform. Solution offered in partnership with Tech Financials, it allows traders to access more than a hundred binary option markets.
• AutoTrade & social trading. Social trading is now available. The tool allows Vantage forex members to access the trades of nearly 100,000 good traders.
• Virtual Private Server forex. The VPs allow the MT4 platform to run 24 hours a day without interruption. Thus, expert advisors can (trading robot) can generate money without the trader being present.

The broker offers several types of analysis performed by professional investors and experts in financial analysis.

• Real-time analysis of MarketTrader. The tool provides access to real-time analysis and research in order to be at the forefront of information and thus stay ahead of other traders.
• Trading Central analysis and commentary. Every day, the trader benefits from technical commentary and analysis from Trading Central’s team of market analysis experts. These signals are sent directly by email.
• Confidence Indicator. This tool displays the long and short positions of vantage Fx traders to assist in decision making.
• Economic Calendar. This tool allows traders to track important fx market events and anticipate market movements.

 

An experienced trading platform?

With an existence of over a decade, Vantage forex easily joins the list of experienced trading platforms. More concretely, these ten years at the heart of fx trading highlight key points that are real reasons to choose this broker.

• Broadcast news. Being under the strict supervision of regulatory bodies, neither the company nor its stability has ever been questioned. In fact, fx broker is part of an equally reputable financial group.
• Security. The broker boasts a secure trading environment for traders. This security ranges from access to payment to client funds.
• Transparency. Transparency is a commitment kept and a major asset of this Australian broker. It is also especially true for the rebate program. At Vantage forex rebates can be withdrawn or redeemed at any time.

When it comes to tools and platform, the broker definitely stands out from the competition. Of particular note is MetaTrader4. This standard platform is offered by all brokers. However, the options that come with it as well as the speed of execution of transactions differ from one broker to another. At Vantage Fx, MetaTrader4 comes with tools such as :

• SmartTrader. Developed by Fx Blue LLP, this tool offers advanced statistical analysis of the trader’s results. It allows the trader to perform advanced scalping.
• News broadcast by FxWire Pro and Reuters. This way, the trader has real time information on the forex and the instruments he is going to trade.
• MarketTrader. Available to traders using the MT4 Web, this tool gives access to a hundred indicators by default.

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80% of retail investor accounts lose money when trading CFDs with this provider

Can we say that Vantage FX is one of the most trusted brokers in the market?

Security at the heart of the trading system

In 2018, the Australian Security and Investment Commission (ASIC), which is a Tier 1 authority (highest level of trust), gave Vantage FX a trust score of 74/99. The platform is considered medium risk. Furthermore, it is not listed on any stock exchange and does not operate any banks.

The broker’s client funds are deposited/held in a separate account from the platform’s own funds at the National Bank of Australia (BNA). This bank has been rated AA this year and is one of the 4 largest financial institutions in Australia. It is worth noting that the BNA is among the top 20 safest banks in the world.

To provide traders with the utmost reassurance, Vantage Forex has put in place professional liability insurance to cover the work done by all of its staff, associates and even authorized representatives. In addition to this, Vantage Forex has insurance covering its clients’ funds. The latter is guaranteed up to 20 million dollars by SJ Catlin and Lloyds of London.

 

Managing Deposits and Withdrawals at Vantage Forex

Deposits and withdrawals use the same transaction channel at Vantage Forex. In other words, if a deposit was made using a card, that same card will also be used for withdrawal. Unless the amount withdrawn exceeds the amount deposited. In this case, the excess amount is automatically transferred to a bank account.

Note that it is not possible to credit or debit a Vantage forex account through a third party funding source. Specifically, the forex account and the funding source must belong to one and the same trader.

The broker allows you to choose between several funding sources. It accepts checks (local), cards (Visa and Mastercard) and standard wire transfers. Also accepted are transactions with online banks such as Neteller, Skrill, Broker to Broker or Fasapay. Other local payment methods are available to traders living in Australia. These are Poli Payments and BPay.

Deposit fees are free for all electronic transactions except when using a credit/debit card distributed by the National Bank of Australia (NAB). Here, the deposit fee is 1.8% of the amount deposited if the currency used is the Australian dollar and 3% if it is any other currency.

 Open an account with Vantage Fx 

80% of retail investor accounts lose money when trading CFDs with this provider

Vantage FX Client Account Opening and Brokerage Fees

Client Account Types

Vantage Fx offers 3 types of accounts upon registration. Each of them is aimed at a specific profile: the Standard STP account for novices, the Raw ENC for experienced traders and the Pro ENC for professionals.

A fourth type of account is also offered by the broker. This is the Islamic Vantage FX account. This differs from the Standard STP account in that it is Sharia compliant and is therefore aimed at traders of the Muslim faith.

How do the brokerage fees work?

The options associated with the accounts offered are the same except for the following points which vary depending on the account chosen:

 

	Standard STP	Raw ENC	Pro ENC
Basic currencies	$ AUD $ USD £ GBP € EUR $ SGD ¥ JPY $ NZD $ CAD	$ AUD $ USD £ GBP € EUR $ SGD ¥ JPY $ NZD $ CAD	$ AUD $ USD £ GBP € EUR $ NZD $ CAD
2 AUD discount per lot	Yes	No	No
Amount of the commission	No	$3 per lot per round	$2 per lot per round
Spread	1.4 pips	0.0 pips	0.0 pips
Minimum deposit	200$	500$	20 000$

 

Civil information (name, first name, email address…) For the individual trader, the registration is done in 4 steps. He will have to choose/enter :

• detailed information (address, job/income, trading experience…)
• account configuration (choice of platform, choice of account type, choice of currency)
• address and identity verification documents (ID/passport/license + invoices)

If he is a company, the trader will also have to go through these 4 steps of registration, will propose instead of civil information, the information on the company he represents.

In addition, the broker offers a multiple account manager that allows traders to hold and combine a standard STP account with an ECN account. There are other benefits that come with this tool that make a trader choose Vantage FX over another platform:.

• No commissions on a standard account
• 2 rebate per lot (can be withdrawn or redeemed at any time)
• 0.0 pip starting spreads for ECN accounts

 

Deposit and withdrawal fees

Vantage Forex does not charge any fees on electronic transactions, whether it is a deposit or withdrawal. However, other organizations may charge a transfer/conversion fee. For example, when transferring funds internationally.

Withdrawing funds is as simple as possible. The trader logs into his Vantage Forex account, selects the “withdrawal” section, enters the desired amount and validates his choice. Be careful, however, not to request a withdrawal that could result in a negative balance in the Vantage account. Otherwise, the request will be systematically refused.

 

Our Vantage FX review CFD’s overall fees

The brokerage fees at Vantage FX CFD can be considered competitive. The broker has chosen a fee structure that is based on both the type of financial instruments and the type of client accounts subscribed to. Spreads and commissions are well within the average of the online market.

The absence of transaction fees on deposits and withdrawals is a nice surprise. In comparison, other brokers do not hesitate to charge account management fees. As with other brokers, the account for professionals – Pro ENC – has the best rates, all categories included. Vantage FX’s favorable opinion on the issue of trading fees.

 Open an account with Vantage Fx 

80% of retail investor accounts lose money when trading CFDs with this provider

The support that Vantage FX offers

What training is offered by the CFD broker

Vantage FX provides free access to a fairly comprehensive training library. This library contains courses ranging from Forex basics to user manuals for tools and webinar training available upon registration.

Forex training includes the basics of trading, fundamental and technical analysis of the Forex market as well as a section dedicated to the psychological posture that a good trader should adopt. The whole thing is very comprehensive, even if it is only available in English.

As for the user manuals, they are accompanied by video illustrations to facilitate their understanding. These manuals concern familiarization with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. A “Smart Trader Video Tool” section has also been added by the broker to help the novice trader evolve into a professional trader at Vantage Fx CFD broker.

On a regular basis, the broker organizes a webinar training focused on Forex. This training is provided by professional traders and experienced strategists. And since it is only available by registration, we have very little information about the content, duration or possible pricing of this training.

Of course, the trader can create a Forex Demo account as well as an unlimited Metatrader4 demo account to practice trading Forex, while honing his skills.

Account management and customer service

From Monday to Friday, 24 hours a day, Vantage forex’s customer service is available to traders. They can be reached by phone, email (support@vantagefx.com), chat, website, and of course, postal mail.

There are several local phone numbers available to customers around the globe. Unfortunately, there are none for traders in France. They will have to use the international number +44 2080363883 to contact Vantage forex.

The best part of this customer service is the support via teamviewer. This unique solution allows new members to have their concerns addressed live and simultaneously. So, whether the problem is related to the installation of the application, the configuration of the account or the indicators, the trader can count on a first-class assistance.

 

The features

In order to offer a unique user experience, vantage fx has partnered with major companies. These include MetaQuotes Software, OneZero Financial, Trading Central and Cellxpert. Its Vantage Forex platform is compatible with both Windows and Mac OS. It is also available on the browser and on Android and iOS mobiles.

Several types of tools are offered to traders. Some of them are presented as add-ons. These are in this case :

Just like Trade Republic, the broker offers several types of analysis performed by professional traders and experts in financial analysis.

Currencies

The number of trading instruments is not Vantage Fx’s forte. However, traders will find the most popular instruments of the moment at this broker.

In addition to these basic instruments, it is also possible to trade more trendy instruments like Bitcoin.

 

Registration

Vantage Fx offers 3 types of accounts for registration. Each of them is aimed at a specific profile: the Standard STP account for novices, the Raw ENC for experienced traders and the Pro ENC for professionals.

A fourth type of account is also offered by the broker. This is the Islamic Vantage FX account. This differs from the Standard STP account in that it is Sharia compliant and is therefore aimed at traders of the Muslim faith.

The options associated with each account are the same except for the following points which vary depending on the account chosen:

civil information (name, first name, email address…)For the individual trader, the registration process is done in 4 steps. He will have to choose/enter :

• detailed information (address, job/income, trading experience…)
• account configuration (choice of platform, choice of account type, choice of currency)
• address and identity verification documents (ID/passport/license + invoices)

If he is a company, the trader will also have to go through these 4 steps of registration, will propose instead of civil information, the information on the company he represents.

In addition, the broker offers a multiple account manager that allows traders to hold and combine a standard STP account with an ECN account. There are other benefits that come with this tool that make a trader choose Vantage FX over another platform:.

• No commissions on a standard account
• 2 rebate per lot (can be withdrawn or redeemed at any time)
• 0.0 pip starting spreads for ECN accounts

 Open an account with Vantage Fx 

80% of retail investor accounts lose money when trading CFDs with this provider

Pros and Cons

To be considered among the best brokers in the world means being scrutinized by critics, both positive and negative. Here is our opinion on the notable advantages and disadvantages of the broker that appeals to many clients in Australia and other countries.

No matter which broker is considered, it is never perfect. They have as many advantages to attract traders as they do disadvantages to improve their services. Vantage Forex is no exception. However, there are some points worth noting.

As advantages, the Australian Forex provider highlights:

• Its compliance with regulations. This major advantage contributes to the broker’s reputation, but also reassures traders that their funds are transparent and secure.
• Its state-of-the-art platform. Vantage Fx is recognized as a leading broker in the industry when it comes to technology. From servers located in London to 100 GB/s bandwidths, this forex broker has nothing to envy its competitors.

As drawbacks, Vantage fx needs to improve:

• Its customer service. Many reviews in addition to the tests conducted confirm that the customer service of this forex broker has areas for improvement. These include the responsiveness and professionalism of the agents.
• Its range of tradable products rather limited. About sixty products against almost double that of some competitors. A wide choice is necessary for the trader, especially since the latter often specializes in a market niche.

 

Conclusion of our Vantage FX review

Vantage FX is one of the best forex brokers that combines security, reliability and transparency. It has a proven, state-of-the-art platform. This broker is also supervised by a Tier 1 regulatory body. And it delivers on its commitment to transparency.

 Open an account with Vantage Fx 

80% of retail investor accounts lose money when trading CFDs with this provider

Frequently asked questions

How can you invest with the forex broker?

It is very easy to make investments with Vantage FX in forex, CFDs, indices and materials. All you need to do is open a real money client account, make an initial deposit of at least $200 and place your first orders. The registration process is guided from the homepage of the website.

Is it possible to make a deposit directly to one’s asset portfolio?

It is of course possible to make a deposit directly to your asset portfolio. To do this go to your client account area, click on Make a deposit. Choose the amount and the payment method. In a few clicks the transaction is completed.

Is it possible to lose money when investing in the financial markets available with Vantage FX?

Yes it is even highly possible to lose money using this type of high risk investments. We strongly advise clients to be aware of this point before committing any money to the stock market. The CFD broker offers risk management tools. However, it cannot replace human action and the psychological bias associated with online trading.

 

 Open an account with Vantage Fx 

80% of retail investor accounts lose money when trading CFDs with this provider