Vantage FX

Vantage FX is an Australia-based broker that has been providing their service in financial markets since 2009. They primarily provide service to retail traders with an opportunity to trade Forex, CFDs, Indices, Metals, Commodities, and Cryptocurrency CFDs. They are well-known and awarded for their highly dedicated customer service, MT4 and MT5 platforms, and low-cost opportunities. Vantage FX gives the highest leverage of 1:500 and the most competitive trading cost in the market. The speed of their trading execution is very impressive. They are highly recommended for beginners because it allows you suitable trading conditions to manage lower risks and master the trading skills with an exclusive Social copy trading feature.

Safety and Regulation

Apart from those regulatory licences, Vantage FX is regularly audited by KPMG, a global network of Finance professionals and experts. KPMG has been providing audit, tax and advisory services regarding financial markets since 1987.

They consistently conduct quarterly reviews on how Vantage FX controls their clients’ money. KPMG provides an yearly follow-up through checking Vantage FX financial reports and Australian Financial Services License.

Needless to say, like other top tier licenced brokers, they put their clients’ funds into a segregated bank account that is operated by National Australia Bank. It is one of the safest Financial institutions serving more than 12 million clients worldwide.
Though they lack regulatory features unlike their top competitors in the industry, they provide good client security and transparency through regular follow-up reports audited by prolific authorities. Also, they should improve their negative balance protection scheme.

Available Trading Instruments:

You can trade around 180 different markets with Vantage FX. They offer 40+ Currencies, Indices like Dax, SP500, commodities, precious metals, energies, and CFD cryptocurrencies. You will get an extensive range of tradable assets especially if you are a beginner. But you may find subtle limitations of this range as you become more advanced.

Vantage FX stands out in the market for their Stock CFD offerings. They provide stock CFDs on the largest companies listed on the Stock markets UK, US, Australia, and Hong Kong.

Another Exclusive feature of their trading condition is, they offer trading on famous Cryptocurrencies through CFDs. With the help of their social trading, you may sharpen up your CFD trading skills by following successful traders.

Account Types:

Vantage Fx is a Non-Dealing-Desk broker. It means they do not work with the traditional middleman structure. Thus, they provide you with the lowest trading cost in the market. They offer three types of trading accounts. The bigger your trade size is, the lower you have to pay their trading charges. You can experience the same trading features in all three accounts. They just vary in the cost according to your trade size.

Swap free Accounts: For those who want to avoid paying or receiving swaps due to religious beliefs or other ethical mindsets, Vantage FX offers you Swap-free accounts. You can trade forex through their STP and Raw ECN Accounts without paying any additional interests and overnight charges.

Opening an Account:

Opening a new account with Vantage FX is very seamless. As per it is mentioned on their site, it takes less than five minutes. After getting registered, you will need to submit a copy of your ID and documents that proves your residency.

They are strictly supervised by the KYC and AML mandates to ensure the transparency to and of their clients. After you send the account opening request, your ID will go for a background check. This process may take a few days but the whole account opening process is totally free.

Keep in mind that if you have a plan to hire any broker, your valid identity and residency proof must be provided. Before you start trading with your live account, you have to pay the minimum deposit according to your chosen account.

Review of the Vantage FX Trading Platforms and Tools :

Vantage FX provides unique support through their MT4/MT5 platforms rather than their other competitors in the market. They offer different types of additional tools and add-ons along with their MT4 and MT5 platforms. You can even add self-programmed tools to the software.

Their Platforms are available for all types of devices. All the desktop, mobile, and web trader versions will give you an experience of seamless and robust trading executions. Although we found their MT5 lacks compatibility for reverse trading strategies, their MT4 ensures you an outstanding trading environment through its add-ons.

You get access to the SmartTrader Tools, proprietary by FX blue LLP. It has 9 plug-ins to add more value to your trading strategy. Also, both of the platforms allow streaming news updates from sources like FxWire Pro and Reuters.

The Charting feature is quite impressive with 51 indicators and 31 drawing tools. You will have 7 fields on the watch list to add more versatility to your market knowledge.

Social Copy Trading

Another exceptional feature of their service is, they provide three top-notch auto-trade platforms for Social copy trading. Through the Zulutrade, DupliTrade, and the Myfxbook AutoTrade you can master your trades following and copying successful traders.

ZuluTrade: It is an incredible mobile social trading platform worldwide. It allows the users to select traders they want to follow through the Performance Table. It has an algorithm that ranks social traders based on the multitude of their trading performances.

MyFXBook Autotrade: It allows you to copy the triumphant Forex traders. You will only copy the traders who have a successful track record and have full control over the copied trade as your wish. You don’t have to download any app or software, all features can be explored with the browser.

DupliTrade: Through this platform, you can diversify your portfolio by duplicating the trades of proprietary traders. In that case, your account has to be funded with a minimum of $2000. But it is recommended that you should also test your portfolio on a demo account first to find the right traders who can match up your trading condition.

Vantage FX provides a high-speed fiber-optic network spectated by Equinix to guarantee fast execution. It is operated and maintained globally with a series of six installed servers across the world. If you can arrange initial funding of $1,000 and pay a monthly cost, you can add yourself up to their VPS hosting facility. They have some suggested VPS providers mentioned on their website. This will enhance your automated trading condition a lot.

The Vantage FX MT4 platform is available in an exceptionally large range of languages. Their Account management is moderated through MAM/PAMM service accounts. That creates the chance for the fund managers to generate more profit for their clients.

Vantage FX Fees:

Vantage FX has been awarded the Global 100 award in the category of best MT4/MT5 broker and low-cost broker in 2020. Their trading charges are quite low. They offer the most competitive spread in the market through their RAW ECN and Pro ECN Account that starts at 0.0 pips. For a standard STP account, they charge 1.4 pips which is also a moderate charge.

This is their spread charged for trading different currencies while the time this review is being written.

We tested their broker charge amount through trading a position of $20000 within leverage of 30:1 for currencies. This is what we found,

They apply no other trading or non-trading charges like deposit or withdrawal charge, inactivity charge, etc. In the case of international bank transfers, you can withdraw free of cost once every month. After that, each time you will be charged 20 units of your base currency.

Vantage FX Deposit and Withdrawal:

Vantage FX Deposit is free of cost. For depositing money in your Vantage FX Account, you can use the following payment methods besides the bank and credit card transfer,

• Paypal
• Skrill
• Neteller
• Unionpay
• Fasapay
• Bitwallet
• Cryptocurrencies

Though they claim their deposit system to be completely free of cost, we observed some exceptions while testing the payment methods. Like, transferring money from Neteller or Skrill may cost a little from their fee policies. Also, if you are depositing through China Unionpay, you will be charged 1.30%-2.50% of the transferred amount. You are allowed to deposit a maximum of AUD 10,000 in one day.

The withdrawal process is also seamless. You just have to log into their client portal, click on Withdraw Funds. From the dropdown menu select the method you funded your trading account. Then fill up your account details and enter the amount of withdrawal. After that, you have to upload a copy of your bank statement and click the submit button. The money is transferred to your account within 1 business day.

Vantage FX offers 9 base currencies; EUR, AUD, SGD, CAD, GBP, NZD, HKD, JPY. You will have to pay conversion fees if you fund with any other currencies except those. A multi-currency bank account at a digital bank is a good idea in this case. Paying a little bit of exchange rate you can easily fund or withdraw from your account.

Education: Through their exclusive Social Copy Trading, Vantage FX allows its clients to follow successful traders. You can develop your risk management skills and understanding of the market through this facility. Their Demo Account will also help in this aspect. Besides, they give you access to a wide range of materials in text, general educational videos, and platform tutorials to make you comprehend the basic trading concepts. For understanding the trend and more advanced trading skills you can also join their webinars and follow their news updates sourced from FxWire Pro and Reuters.

Customer Service: Vantage FX stands out in the market for its dedicated customer support. They are Fintech Award Winner in Best Customer Service Category in 2021. Their Customer Support is available in a wide variety of languages consisting of Chinese, English, French, Portuguese, Spanish, Thai, Vietnamese. They have a robust live chat service. But it lacks the 24/7 feature. The helpline or phone support is a bit average. It may take several minutes to reach a Customer Service as per we tested. Vantage FX e-mail support usually works with a business day, sometimes it takes more than 36 hours to get a reply from them. But their service team is dedicated to providing real-time effective solutions for your trading problems.

Vantage FX FAQs