Vantage FX Review 2020
Founded in 2009, VantageFX or Vantage FX Com has been treating the market quite well. Vantage FX for years we’re equipped with an experienced team with skills and background of finance, forex, and technology. Vantage FX was founded to help users/investors/traders/customers in reaching their financial goals through robust trading platforms.
It offers amazing and active customer service, transparency in access to the forex market, amazing speed of transaction execution. It has been recognized globally as a secured forex broker or trading platform.
Risk in Trading:
Forex and derivatives carry market risk and hence it is advised to trade in the amount you can be ready to lose. Make sure you have read all the market related and legal documents before venturing into any kind of investment of trading activities on Vantage FX or any other brokers.
Credibility & Transparency
VantageFX Com puts transparency first over any other feature. The years of experience have taught Vantage FX about market volatility and hence, transparency is the perfect solution to deal with the risky forex market. The brokers go beyond and above to make sure of customer safety and security. The brokers always make sure of following ethical trading practices on its trading platform.
Vantage FX of Benefits:
During the platform development phase of the broker and even after that Vantage FX always looks at the trading experience from the customer’s point of view. It tried to do all a forex trader would want from a broker. Vantage FX Pty Ltd CAN 140 903 886 is an authorized representative of Vantage Global Prime Pty Ltd CAN 157 768 566. Plus, it is governed by ASIC.
As said above, Vantage FX is a transparent broker platform with robust rules and regulations. It offers clients to trade on powerful MT4 and MT5 platforms with a good speed of transaction execution. The platform offers traders to deal with crypto, forex, indices, and more. Vantage FX offers many other investment features like raw ECN spreads (which begins from 0.0), FX promotion, leverage of up to 500:1, and more. Using this trading platform, traders enjoy the STP/ECN execution, without a dealing desk. The platform leverages expert and known liquidity providers to make sure it’s users get access to the broad liquidity resources.
Standards Vantage FX follows:
As the company is regulated by authorized institutions ASIC, it follows certain standards that are considered as a benchmark globally. Search standard practices ensure clients of the credibility of the broker. Plus KPMG audits Vantage FX with a strict policy and makes sure the broker is in compliance with the required financial and legal rules.
To add that extra element of security than the rest of the brokers, Vantage FX handles funds a bit differently than other brokers. It segregates all the funds of the traders in an account under the National Australia Bank (NAB). NAB is an AA rated financial establishment in the country and is considered as one of the most secure banks worldwide.
Liquidity Partners of Vantage FX:
As far as the liquidity of the clients’ funds is concerned, VantageFX Com has partnered with 14 liquidity providers. These partners include big names like JP Morgan, Credit Suisse, Bank of America (BoA), and others like Goldman Sachs. It has an overall 30 liquidity partners.
VantageFX review: Signing up:
Any online broker we’ll always have to make sure that the design and the UI/UX of the platform are user-friendly. It is one such trading platform that provides a simple navigation and registration process. It is very easy to open a trading account on Vantage FX login. One can get registered and start live trading in minutes. The account opening procedure is as simple as feeling an online application, depositing the funds, and starting to trade in the global market.
Licenses of Vantage FX:
ASIC, regulated Vantage FX. It is FX’s leading forex broker operating from Australia. It adds to Vantage FX’s market value and credibility. The broker boasts of the highest standards for the legal compliance from ASIC. It clients enjoy an extra secured environment as the broker offers them with a Professional Indemnity Insurance. Vantage FX Pty Ltd CAN 140 903 886 is an authorized representative of Vantage Pty Ltd CAN 157 768 566. Plus, it is governed by ASIC.
Three Kinds of Accounts offered on VantageFX:
Vantage FX provides it’s traders to open an account on the platform in three different types. Traders can open accounts in three ways:
~ Standard STP Account: This type of account is perfect for beginners. Those who are in search of direct trading and easy approach to the market insights, without paying any commission, usually go for ths type of account. This type of account uses STP execution. This account holder can deal with multiple currency denominations, like CAD, SGD, AUD, GBP, NZD, EUR, USD, and a couple of more currencies.
- For a stand STP account, a minimum deposit of $200 is required.
- A minimum trade size of 0.01 lot has to be placed.
- Standard STP Accounts’ leverage is up to 500:1.
- The STP spreads begin at 1.4 pips.
~ Raw ECN Account: If you are an experienced trader who is seeking more profit, then this is the right platform for you. RAW ECN accounts of Vantage FX offer deep liquidity and sharp spreads. It accepts the ECN execution and offers the same currency denominations as standard STP accounts. Some features of a Raw ECN account.
- Trade size has to be a minimum of 0.01 lot.
- The spreads start from 0.0 pips.
- The commission is $3.00 per lot/side.
- We need to maintain a minimum balance of $500.
~ PRO ECN Account: PRO ECN Accounts offer advanced features to the professional traders who deal in high volumes. It has limitations in terms of which currency can be traded.
- It allows trades in EUR, CAD, GBP, and AUD.
- The spreads start at 0.0 pips only.
- Trade size has to be a minimum of 0.01 lot.
- The rebate of $2 is not applicable here.
- Trade commission is mere $2.00 per lot/side.
- The leverage is of up to 500:1.
- And the least balance to be maintained at $20,000.
However, no matter which kind of account you have opened on the Vantage FX trading platform, the company offers you access to MT4, MT, mobile trading app, WebTrader, and more. All the users across all three types of accounts have access to 20 commodities, 13 indices, and 40 currency pairs.
One more feature that this site offers is a trader can change the type of account anytime in the future date. All the trader has to make sure that he/she has the required minimum account balance to open the account of the choice.
~ Demo Accounts: Similar to other brokers in the market, Vantage FX or VantageFX Com does provide a demo trading account to its traders to practice trading activities and understand the platform operations. Opening up for a demo trading account does not take more than half a minute. In case you already have a live account with it, you can enjoy unlimited access to MT4 and MT5 platforms through demo accounts. This advantage is given to make sure all the users feel confident while using the platform. If you have a new strategy for trading forex or other assets, you can test it using a demo account in a risk-proof environment. You can get access to crucial data such as prices on vantage FX (on request).
~ Islamic Accounts: Vantage FX serves Islamic Accounts with ea few xclusive features for Muslim traders by offering them a swap-free account. The account is customized for the forex traders who do not pay or accept swaps (as mentioned in Islamic law). The account types follow all the related legal compliances of Sharia law and the company is certified by the Sharia Supervisory Board.
This is the USP of VantageFX or VantageFX Com as it is the only known forex broker with an official Sharia compliance.
How to Deposit and Withdraw at Vantage FX?
Depositing money in your VantageFX account is free of cost. Traders can use multiple options to make payments. Credit card, debit card, wire transfer or bank transfer, payment via BPAY, Moneybookers, etc. Withdrawing money from this company is as simple as depositing money one can expect the requested amount directly in the account.
How do I withdraw money from Vantage FX?
The withdrawal process at Vantage FX is easy and simple.
- Trader has to log into Vantage FX account
- Chose withdrawal option
- Chose the withdrawal method
- Enter the amount you wish to withdraw.
~ Overall Bonuses: If you are an active Vantage FX forex trader, there is an amazing feature available on the broker as per which the account gets an 8.88% bonus on the balance amount in the account. Traders who shift their trading accounts to Vantage FX broker or create a new account with the company earn extra cash of 8.88 percent on the present account balance.
In order to enjoy this extra cash in your account balance, you need to make sure your trading volume is positive. The company has a pre-decided minimum trading volume target which needs to be met. This target varies as per the account type, whether your account is a RAW ECN or Standard STP account.
~ Bonus on Signup: At present Vantage FX offers in total eight forex offers along with an 8.88% of the cash bonus on the balance amount. Traders might enjoy features and bonuses like Smart Trade tool, free forex, rebates, active Trader program, MT4, MT5, etc.
~ Forex Rebate Program by Vantage FX: It is a transparent program where traders can see the earned rebates which they can withdraw or re-invest whenever they want. To enjoy these benefits traders need to deposit a minimum of $1,000. If this deposit you can earn up to 10% of the rebate on the deposit amount.
This rebate cash is sent to the traders’ MT4 live account. This benefit is applicable to Standard STP Accounts.
~ Trading Platforms Available on Vantage FX: As far as trading platforms are concerned vantage FX prefers MT4 & MT5 platforms. These are the most respected trading platforms when it comes to forex. The platforms are active 24 hours, 5 days a week, and work in 32 languages. You can operate these platforms via PC on OS like Windows and Mac (Apple), and mobile app, etc.
~ Vantage FX reviews: Assets Covered: So far you must have understood that the priority of Vantage FX revolves around forex trading. Traders can trade in over 40 forex pairs where they can enjoy up to 500:1 leverage. Vantage FX offers traders to access indices from 10 global stock exchanges.
As far as commodities trading is concerned the platform offers 20 lots of precious metals, margins from 1% on soft commodities markets, and a leverage of up to 100:1 on energy markets. If traders are dealing in crypto on the Vantage FX trading platform, they can enjoy leverage of up to 5:1.
~ The Meta Trader Interface: If you are seeking ECN trading, you can enjoy features like automated trading, and expert advisors along with free forex VPS assuring the 24*7 activity of the MT4 platform. Traders also get to see upcoming events that might impact the market.
This is a legit trading platform built especially for those who seek a secured and faster trading platform to deal with forex. Vantage FX is based out of Australia with a core focus on forex; however, it also offers trades in other assets like crypto, CFDs, commodities, etc. The platform holds a strong reputation in the market. Plus, you can trade 40 currency pairs.
Traders can deal in the market through three types of accounts with various benefits of their own. The demo account facility is made available by the platform. Vantage FX reviews from the internet are recommending this forex platform too. This is definitely a reliable forex platform.
Vantage FX Pty Ltd CAN 140 903 886 is an authorized representative of Vantage Global Prime Pty Ltd CAN 157 768 566. Plus, it is governed by ASIC. Vantage FX does not serve any client from the USA.
1. What are the Trading Tools used on vantage FX?
- Vantage FX offers a Smart Trader Tools Package for those who trade using the MT4 platform. This package is free of cost for those with a minimum deposit of $10,000.
- Alarm Manager
- Forex signals.
- Technical analysis.
- Active Trader Program to enjoy a cash rebate if the deposit amount criteria is met.
2. Do Vantage FX’s Spreads make sense?
It has tried its best to offer traders with the most competitive services on the platform. Be it low spreads, or any other features.
3. What are the educational or research materials available?
Vantage FX understands that online brokers or online mobile trading apps are not a usual matter for every trader. Hence, it offers its users with a huge knowledge base to educate on forex trade and improves trading skills. The company also conducts webinars.
4. How is the Vantage FX Customer service?
Customer service or client satisfaction of any trading brokers or platform depends on various factors. Right from the user-friendly design to free services to high profit earning possibilities, everything is counted.
No matter on which page you are on the platform, there is a chat button to connect you to the customer service executive in real-time. You can also reach the help team via call or email. You are most likely to receive a reply to your query within 24 hours. There is a fax facility too. If you are in Sydney or Melbourne, you can visit the Vantage FX head office.
5. What is Vantage FX IB?
This program offers clients an opportunity to earn recurrent revenue, rebates, and more from the trading activities of their clients.
- You join the IB program.
- Start referring clients and monitor rebates of your referrals/day in Vantage FX’s IB Portal.
- Earn up to $8/lot on your clients’ trading.