Is Vantage FX a Scam

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VantageFX Review

VantageFX is an international Forex broker, that is licensed and regulated by ASIC Australia and CIMA in the Cayman Islands.

Owned and operated by Vantage Global Prime Pty Ltd, they are located at: Level 29, 31 Market Street, Sydney NSW 2000 Australia. Their phone numbers are: Australia toll free: 1300 945 517, UK: +44 208 036 3883, Canada: (888) 442-4106 and International: +61 2 8999 2044.

VantageFX Broker Review

Forex traders can use the MetaTrader 4 or the new and powerful, MetaTrader 5 (MT5) trading platform. You will find the desktop, web-trader and mobile trading apps. They have many solutions for managed accounts, automated trading, and signals. Social trading is offered via service providers like ZuluTrade and Myfxbook.

At Vantage FX, you can choose to trade with either ECN or STP execution depending on your needs, and the commissions and spreads adjust accordingly. Leverage offered goes as high as 500:1.

The minimum deposit for a Standard trading account is $200. Raw ECN account types require a $500 minimum deposit, and they have 0.0 spreads. Start trading with a Free Demo account, signup here.

Vantage FX Market Trader App

VantageFX 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 Global Prime LLP is regulated by the FCA (Financial Conduct Authority) FRN 590299 in United Kingdom.
  • 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.

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You can read more about licensed Forex brokers, see here.

VantageFX Account Types

Compare CFD Forex Brokers

There are hundreds of online brokers all competing for your business. Depending on your style of trading, you may like the offering of these brokers.

BDSwiss is a European licensed broker with a good reputation. They have a nice trading platform in addition to the standard MT4.

A nice feature of this broker is their Telegram Channel, where analysts provide Real Time Trade Alerts, learn more.

If you are currently using this broker, please share your experience with other investors in the comment section below.

Vantage FX Review

Vantage FX

Leverage: 1:500

Regulation: ASIC, FCA, CIMA

Min. Deposit: 200 US$

HQ: Australia

Platforms: MT4, MT5, MarketTrader

Found in: 2009

Vantage FX Licenses :

  • Vantage Global Prime Pty Ltd – authorized by ASIC (Australia) registration no. AFSL No. 4289017
  • Vantage International Group Limited – authorized by CIMA (Cayman Islands) registration no. 1383491
  • Vantage Global Prime LLP – authorized by FCA (UK) registration no. 590299

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Vantage FX review is one from our brokers’ reviews which we care to present and help you to make a decision to invest. At we cover all points to make selection of a broker to trade easier.

What is Vantage FX?

Vantage FX was founded in 2009 by a specialized team with a background in Finance, FOREX and Technology. The main idea was to create an environment and help worldwide traders to pursue financial goals, thus the broker mainstay at transparent trading, leading market platforms, execution speed, and technology solutions.

With its head office in Sydney, Australia vantage forex granting traders access to the global Forex market through top-tier FX liquidity providers. Nevertheless, the broker offers its services globally and carrying out local entities with the purpose to support traders in the UK, China, and other international destinations.

Being a Vantage FX client you get super-fast Forex trading execution, as well as interbank grade RAW ECN spreads through STP execution. vantage forex understands that it is crucial to keep trading costs as low as possible, therefore they source institutional grade liquidity directly from the world’s largest banks and institutions to the MT4 platform.

The market range includes the trade of 70 Currency pairs FOREX, Commodities, Indices, and Crypto on MT4/MT5. What is interesting Vantage FX offers a comprehensive solution for Cryptocurrencies while traders having an option to choose from Bitcoin with leverage 1:5, Bitcoin Cash 1, Dashcoin, Litecoin, Ethereum, Ripple through variable spreads and margin percentage up to 50%.

Overall, the broker’s proposal indeed promising a low, which was also recognized worldwide for its strives by a number of highly respected organizations and publications for its superior offering and service level.

Yet, to understand vantage forex offering more clear, you should check and take into consideration the most important information that the broker’s offering consists of. For that reason in this review we cover:

Is Vantage FX safe or a scam?

Vantage FX takes regulation and security very seriously since they strive to provide a transparent and secure forex trading environment for all clients.

Vantage FX fully complies with strict financial regulations in each entity it serves, which includes set of regulations from the Australian Securities and Investment Commission (ASIC) and holding their license for operation. In addition, Vantage FX UK entity holds a reputable FCA (Financial Conduct Authority) license that oversees the Forex and trading industry though a set of sharp rules and obligations towards safety.

Also, Vantage FX serves additional entity that serves global clients from its offshore branch based in the Cayman Islands. Of course, we never recommend trading with offshore brokers, however, since Vantage FX following also reputable licenses from ASIC and FCA it means the broker is sharply regulated in terms of its operation.

In accordance with ASIC and FCA Regulatory Guides, the company provides Professional Indemnity Insurance in place which covers the work done by their representatives, employees and authorized representatives. Moreover, the broker is also strictly audited by auditors and keep all clients’ funds in segregated trust accounts along with compensation schemes in case of insolvency to ensure money is protected.

Vantage FX Trading Platforms

As for the trading software, vantage forex with its robust technological solution for trading chooses reputable Forex trading platforms that together with powerful execution making trading truly comprehensive. All trading accounts are accessible across all devices and all offered platforms, as one of the main aims to have fast and stable access to the trading account. This includes the enhanced MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.

The MT4 or MT5 as a market-leading platforms available with advanced features for the trader’s good, while EAs are allowed for all styles of automated traders, with Trading Central opportunities, Indicators and Signals, and in addition Free VPS for 10 standard FX lots per month. The multi-account managers having opportunity to customize needs and requirements through MAM or PAMM offering.

Furthermore, Vantage offers a designed by ChartIQ fully-featured HTML5 trading platform – MarketTrader that is accessible from any browser and can be traded using clients’ existing mt4 logins.

In addition, Vantage FX brings an opportunity to automate trading through MyFXBook AutoTrade that is one of the trusted social trading services and ZuluTrade as one the most popular among the traders’ social trading platform.

Vantage FX Fees

Vantage FX broker brings an offer through three main types of accounts that diverse by the options either with costs built on a commission basis or only through the spread. Accounts accessible from both platforms MT4 and MT5, with leverage depending under which entity you trade, thus which regulation is applicable. Islamic accounts or Swap-free are available at the broker too, to those who are following the Sharia rules and require specific trading conditions.

Vantage FX Spread

As for the Vantage FX spread its level depends on the trading account you choose, while Standard account has slightly higher spreads or ECN account with a raw spread offering. See below a comparison of spread in Standard account below, for instance also well compare fees to another popular broker LCG.

Asset/ Pair Vantage FX Spread
Crude Oil WTI 3
Gold 5

Another cost, which you should take into consideration is an overnight fee or swap rate which is paid in case the position is held longer than a day.

Vantage FX Leverage

Due to multiple regulations from various jurisdictions, Vantage FX broker falls under particular regulatory restrictions which may apply differences between the offered leverage. Therefore, trading through the Australian or global entity of Vantage FX you may enjoy high leverage levels up to 1:500 for major currency pairs. However, having an account with UK Vantage FX traders falling under ESMA regulatory restrictions and a maximum possible leverage is set to a 1:30 for Forex instruments and even 1:10 for commodities.

Vantage FX Deposits and Withdrawals

Vantage FX clients having various options to fund a trading account, a number of ways including domestic bank transfers, international bank transfers, BPAY, Skrill, Neteller, Broker to Broker transfer, POLi, fasapay, and online credit or debit card payments.

Vantage FX minimum deposit

For the minimum deposit amount, it does depend on the trading account you choose. Thus, the Standard account requires 200$ as a start, which is a good option for the beginner brokers or regular size traders.

Vantage FX withdrawal fee

Moreover, Vantage FX does not charge internal fees for electronic deposits or withdrawals, while some additional methods may charge fees. However, always note with your payment provider in case any charges are waived for processing.

Conclusion on Vantage FX

Overall the Vantage FX continually strives to evolve its offering to ensure the delivery of service that is better for anything else on the market. But as an ECN and STP broker, the company stands for strong reputation and integrity which guarantees all traders trading on the real Interbank Forex market that ensures that Vantage FX is never the counter-party to the trade.

The traders of any level can find their benefits with Vantage FX, either the beginning traders, since the opening of the account is an easy process with a quite small deposit requirement and trading options to choose from, along with provided education. The active traders will find technology solutions according to specific needs, as well through competitive pricing.

Nevertheless, you may share your own thought or experience about Vantage FX in the comment area below. for Forex Broker Reviews

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One of the leading global CFD brokers, Vantage FX, has announced its rebranding. The idea is to reflect the company’s evolution into an all-encompassing, global financial services provider. Head of Sales, Marketing and Partnerships of Vantage FX, David Bily has commented on the announcement: “The company’s rebrand and new tagline, “Trade your way” represents a.

Honest Vantage FX Broker Review 2020

Table of Contents

Review: Regulation: Spreads: Assets: Min. Deposit:
(5 / 5) CIMA, ASIC 0.0 Pips 180+ 200$

Today, the selection of online brokers is very large and it is difficult to find a trusted trading partner. Vantage FX is a well-known company from Australia, which also serves international customers, but is Vantage FX a good forex broker or not? – In this review, you can read about my personal experiences with the leveraged derivative broker. Find out about the conditions for traders and find out if it is really worthwhile to invest your money there.

The official homepage of Vantage FX

What is Vantage FX – The company presented

Vantage FX is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company exists since 2009 and knows exactly how to respond to the wishes of its customers. The broker is based in Level 29, 31 Market Street, Sydney NSW 2000 Australia and accepts traders from almost every country.

The company stands for transparent trading on the financial markets. Unfortunately, this can not be said of all brokers and is very difficult to recognize even for the beginner. The strengths of Vantage FX are transparent order execution and liquidity delivery. It is one of the few true ECN brokers. This means that the broker is connected to a network of large liquidity providers who accept the order of the traders. The liquidity providers are transparently visible on the homepage. Among them are large, well-known banks (HSBC, Bank of America, UBS and more).

Facts about Vantage FX:

  • Australian Broker founded in 2009
  • International Broker which accept any clients
  • Transparent trading with leveraged derivates
  • Big liquidity providers
  • Real ECN orders and CFDs (Contract for Difference)

Regulation and safety of the customer funds

For secure online trading, broker regulation is required by most traders. It is very important that the company has an official license (through licensing / regulation) from a government agency to offer financial products. Official regulations are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules an immediate withdrawal of the regulation and license threatens. The regulation thus creates a very high degree of trust between the trader and the broker. Fraud can be completely ruled out with a completely regulated offerer to 99% completely.

Overall, Vantage FX offers a very high level of security as the broker is not only regulated by the Australian regulator ASIC, Cayman Islands Monetary Authority CIMA but is also audited by KPMG (auditing firm). Every quarter, the security and administration of client funds are reviewed and corresponding financial reports are published. For Vantage FX, the security of client funds is very important and therefore there is also additional protection by liability insurance in the amount of 20 million USD.

Client funds are kept with the National Australia Bank. This bank has the highest rating and a market capitalization of more than $ 93 billion. This is one of the safest banks in the world and, of course, client funds are kept separate from company funds. Compared to other brokers Vantage FX is one of the safest brokers in the world due to the aforementioned facts. No other company offers such security as Vantage FX through so many parts of the business.

Vantage FX is one of the safest brokers:

  • Clients funds are held at one of the top 20 banks in the world
  • Vantage FX is audited by the auditors of KPMG
  • Regulation and licensed by the Australian regulator ASIC
  • Regulation and licensed by the Cayman Islands Monetary Authority
  • Liability insurance of over 20 million USD

What are the conditions for Traders of Vantage FX?

Overall, Vantage FX has more than 180 different markets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is very large and every trader should find his matching asset to trade. The broker is constantly striving to expand the offer and to implement new markets.

Vantage FX also offers 3 different account models (STP, RAW ECN, and PRO ECN – more on that below). The leverage can be up to 1: 500 high for all accounts and the spreads start depending on the account model from 1.4 pips or 0.0 pips. The commission per traded 1 lot is either $ 3 or $ 2 high. This is from my experience a very small and cheap value. Vantage FX can be one of the cheapest forex brokers.

There are 8 different base currencies available for the trading account and also an Islamic account version is adjustable. Incidentally, there are no hidden account maintenance fees. After my tests, the execution for trades at Vantage FX is sensational and happens directly without requotes. If you need an even faster connection, you can rent a VPS server. The support team will be happy to help. In summary, Vantage FX stands for a professional trading experience at low fees. The offer and the terms of the broker clearly exclude the competitors.

Facts about the trading conditions:

  • Minimum deposit $ 200
  • Over 180 different markets
  • Several account models
  • Leverage 1:500
  • No account maintenance fees
  • Very cheap trading fees
  • Spreads starting at 0.000 Pips

High leverage for European Traders | Avoid ESMA Regulation

The new ESMA regulations mean that brokers in the EU can no longer lend high leverage to private traders. The maximum leverage for private traders in Europe is 1:30. As a result, many trading strategies are no longer feasible and trading is restricted by many traders. A way out of the new bureaucracy will provide brokers with a license and regulation outside Europe. Vantage FX is unaffected by ESMA regulation and offers all traders high leverage of 1: 500. Also, traders can trade under the ASIC or Cayman Island regulation.

Test of the Vantage FX Trading Platform

Like many other brokers, Vantage FX offers Metatrader 4 and 5 as a trading platform. This platform is available for every device. You can use your computer, browser or mobile device. The Metatrader has already been tested many times and is highly developed. He is one of the best trading platforms for traders. Our tests and experiences confirm this because we like to use the Metatrader ourself. In the following section, we will introduce you to the features and functions of the trading platform.

The Metatrader is a user-friendly and customizable platform for beginners and advanced traders

Charting and Analysis for successful trading

For the charting, several ways of representation can be used. Also, additional add-ons or indicators can be added to improve the charting. The Metatrader will be installed with a wide range of standard indicators. These are usually sufficient for a detailed analysis. On request, however, self-programmed tools can also be added to the software. This is not a problem, because the Metatrader is very functional.

There are enough drawing tools available for technical analysis. Whether horizontal or vertical lines. In this software, you will find everything you need to perform a professional analysis.

Facts of the Metatrader 4/5:

  • Indicators for trend and reversal trading
  • Technical drawing tools
  • Install add-ons and tools for free
  • Multi-Charting
  • Very fast execution
  • User-friendly
  • Available for any device

Mobile Trading für any device

As mentioned above, the Metatrader is very compatible. You only need single access for each device. With your account data, you can log in to any device. Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone.

Open your free account with Vantage FX

Account opening is very easy with Vantage FX. Create your trading account in just a few steps. In the following section, we will guide you through the depot opening. After entering your personal data, the email address must be confirmed. In addition, the broker asks before the first deposit you to verify the account with appropriate documents.

The verification is similar to any other broker as well. To do so, upload a photo of a proof of identity and proof of residence. The documents are usually confirmed under 24 hours (that’s how it was for me) and then all the functions of the trading account are available to you.

Free and unlimited Demo Account

A demo account is a virtual balance account. Traders can thus trade on real terms and simulate real money trading without risk. It is, so to speak, “play money” which can be invested. The demo account is great for testing new strategies or markets. Even beginners or new customers can first test the trading conditions and the offer of the broker. Vantage FX offers here a completely free demo account, which is also unlimited. You can use it indefinitely and recharge it at any time.

The demo account is the best way to practice trading and improve investment results.

The minimum deposit and review of transactions of customer funds

Generally, the minimum deposit at Vantage FX is $ 200. From this amount, a Standard STP account can be opened. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is very simple and works through proven methods.

Payment methods for the deposit:

  • Credit Cards (Visa, Mastercard, American Express)
  • Bankwire
  • Skrill
  • Neteller
  • FasaPay
  • Union Pay (China)

The different account types for traders

There are 3 different models available. The only difference is in the design and in the trading costs. Vantage FX offers extremely low fees, especially for higher deposits. Higher trading volume allows the broker to earn more money and give you better terms. The following table provides more information about the characteristics of the different account models:

Min. Deposit: 200$ 500$ 20.000$
Execution: STP ECN ECN
Spreads: 1.4 Pips + 0.0 Pips + 0.0 Pips +
Commission: No 3$ per 1 traded Lot 3$ per 1 traded Lot

No conflict of interest because of ECN

Vantage FX is certainly not a market maker broker. This means that there is no conflict of interest between the broker and the trader. Some brokers only earn on the loss of traders and do not sell the orders to the markets. This is very untransparent in most cases. As you can see on the homepage of Vantage FX, there is high transparency. The broker is a true ECN broker (see Liquidity Provider) and only earns on spread and paid trades commissions. An interesting conflict can be excluded.

Is there negative balance protection on Vantage FX?

The stock market trading is risky and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, an obligation to make additional payments can hardly happen. The not available negative balance protection only shows that Vantage FX is a real ECN broker.

Our personal withdrawal review

With Vantage FX, you do not have to worry about paying out. The above-mentioned regulations and licenses make the broker a very safe trading partner. The payout works the same way as the deposit. Vantage FX handles payouts every working day at normal working hours. Within 24 hours, the payout should be done during the week.

Another advantage of the broker is that there are no fees on the payout. However, there may be fees from your personal bank when making an international transfer. In summary, the payout with this broker works smoothly and is also free. Another plus for Vantage FX.

Facts about the withdrawal:

  • Payout within max. 3 days
  • No withdrawal fees
  • Within the week, the payouts are processed under 24 hours

Vantage FX Support and Service for Traders

To allow a final verdict, the support and service for traders must also be tested. Trusted support is essential for most traders. It is also important that you can close positions externally by phone or chat in emergency situations. Vantage FX offers comprehensive support via phone, chat or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

Unfortunately, support is only available in English. The website has been translated into German, Chinese, Indonesia, and more. The support is in English and other languages are missing, but you can not expect every supported language from an Australian broker. From our experience, support for Vantage FX is lightning fast. Especially over the chat, you get a very fast service.

Also, the training for traders is available on the platform. Every day, analyzes are published and even webinars are held. The broker offers a complete package for the beginner or advanced trader. Another advantage is the support of the use of Teamviewer. In case of major problems, the support can access your computer via external software (Teamviewer). This service is a real selling point of Vantage FX. Overall, the support is doing very well for me. The service shows high professionalism and speed.

The service of Vantage FX:

  • Support 24/5
  • Phone, Chat, and Email
  • 1 on 1 service and support
  • Analysis and education center

Conclusion of the Vantage FX Review – Trusted Forex Broker or not?

In summary, Vantage FX is among the best brokers on Earth. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.

The broker offers you the options you need for professional trading. From my experience, there are no disadvantages here except the language barrier English. Vantage FX stands for a reputable and trustworthy broker with a large and favorable trade offer for international traders.

If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.

The advantages of Vantage FX:

  • Regulated and safe Forex Broker
  • Real ECN Trading
  • The best trading conditions for Forex
  • Very fast execution
  • Reliable support and service
  • No hidden fees

From us, the broker gets a very good rating, because he excludes by its offer and the trading conditions to 100% other providers. (5 / 5)

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