Vantage FX

4.12 rating

Vantage FX full review for trading in 2020. Renowned as one of Australia’s premier forex brokers, is Vantage FX the right broker for you?

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Vantage FX

Vantage FX full review for trading in 2020. Renowned as one of Australia’s premier forex brokers, is Vantage FX the right broker for you?

Prominent Brokers Collection  – Vantage FX Review 2020

Broker Presentation

Part of the Vantage International Group, Vantage FX sits comfortably among the upper echelon of Australian Forex brokers. 

Vantage’s primary goal is to assist clients in reaching their personal financial goals, and they aim to accomplish this via transparent access to financial markets, exceptional order execution speed and powerful trading tools. Vantage FX’s offer covers over 290 financial instruments, including CFDs on Forex, indices, commodities and shares.

Vantage FX launched their operations in 2009 in Australia and now serves more than 50,000 clients all over the world. The company has headquarters in the Cayman Islands (as well as Australia) and is regulated by ASIC, CIMA and FCA.

The services offered by Vantage FX cover the needs of newbie and pro traders alike. Traders are attracted to their offer mainly because of advanced ECN trading capabilities, totally transparent ECN trading model, social trading facilities, wide variety of unique features, superior services, rebate programs and promotional offers.

As part of the MetaTrader family of brokers, Vantage FX includes in their offering the world renowned platforms designed by MetaQuotes Software Corporation.

Vantage FX has received a series of awards over time as a recognition of their premium level Forex brokerage service and superior offer. These include:

  • “Financial Trading ServicesProvider of the Year” awarded by CV Magazine in 2019, “Financial Trading Services
  • Provider of the Year” awarded by Fintech Awards in 2018 and 2017, and “Best ECN Broker, 
  • “Best IB Broker, Best Customer Support” awarded by Fore X in 2016.

Safety and Regulations

Score: 4.2 out of 5

Since the security of a trader’s funds can make or break the success of trading activity, choosing a safe and regulated broker is essential and should be an eliminatory criteria when selecting a broker. Serious traders will generally only consider regulated brokers to work with.

Vantage FX – an awarded broker providing high-end Forex brokerage services – is regulated by the following entities:

Vantage 1 regulations
Figure 1: Regulations

Vantage FX is not regulated by any entity in the European Union and thus they are not forced to comply with European regulations. Consequently, they can offer bonuses, promotions and higher leverage levels. 

To enhance the security of funds, Vantage FX has implemented segregated accounts, ensuring that the funds belonging to clients are held in separated accounts from those belonging to the company. The segregated accounts are held by trusted, AA-rated National Australia Bank, one of the largest financial institutions in Australia and one of the safest in the world.

Professional Indemnity Insurance is also in place to cover the activity of Vantage FX’s stakeholders.  

Vantage FX is regularly audited by external auditors like KPMG (one of the largest financial audit companies in the world). The auditor checks on financial reports and ensures the control of the clients’ money is done in accordance with the auditing standards.  

All legal documents needed for Vantage FX’s trading activity are published on their website in the section Legal Documentation.

Vantage FX is not regulated in EU and hence they do not ensure an investor compensation fund for traders. 

Offer of Financial Instruments

Score: 2.8 out of 5

Another important criteria for traders is the offer of financial instruments. 

Professional and advanced traders require a large selection of instruments and markets that allow them to properly diversify their portfolio. Vantage FX has a rather reduced selection of assets (with less than 300 products, but it does include the most popular ones – Forex pairs, indices, shares and commodities.

Vantage FX’s product offer includes:

In terms of leverage, traders may trade using levels of up to 1:500 for Forex pairs, 1:200 for indices, 1:20 for shares and commodities.

Vantage FX offers the ability to change your leverage

Vantage 2 instruments
Figure 2: Instruments offered by Vantage FX

Differentiation Elements and Unique Features

Score: 4.8 out of 5

Most Forex brokers do their best to come up with features for traders that differentiate themselves from the competition. Vantage FX has the following unique features:

  • ECN trading environment
  • MT4 SmartTrader Tools
  • Trading signals
  • Forex VPS
  • Forex Sentiment Indicators
  • PRO Trader Tools
  • Social trading
  • Trading Central
  • Multi Account Manager Solution MAM/PAMM
  • oneZero Financial

ECN Trading Environment

In accordance with their mission statement – which is to provide excellent service and ultra high speed execution for orders – Vantage FX has implemented the corresponding technology. 

High end servers have been placed in Vantage FX’s most populous places to ensure maximum advantage for the trading activity. Thus, Vantage FX’s servers are located in London and New York; the finance world’s leading centers. 

The position of the servers combined with continuous improvement of Vantage FX’s trading network – hardware, data centers etc. – allows a laser speed execution and stable trading conditions. From this point of view Vantage FX is one of the industry’s leaders. 

A technical infrastructure like this combined with a network of liquidity pools composed of the largest banks and financial institutions has helped generate improved trading conditions at better prices when you trade with Vantage FX. Hence, Vantage FX’s clients trade with zero spreads and very tight commissions.

To offer competitive liquidity conditions for their customers, Vantage FX is partnered with over 30 liquidity providers, including:

  • J.P. Morgan 
  • Goldman Sachs
  • Credit Suisse
  • BNP Paribas
  • KCG Hotspot
  • Bank of America
  • NAB
  • CitiBank
  • RBS
  • Westpac
  • HSBC
  • Nomura  
  • Societe Generale 
  • UBS

Moreover, thanks to a strategic partnership made with Equinix, which uses a high caliber fiber optic network to connect the system of servers, Vantage has even further improved the speed of execution for clients’ transactions. As a result, Vantage has improved their orders’ execution speed by over 78% and their server connection is stable 99.99% of the time. 

This system of 6 servers combined with the fiber optic infrastructure guarantees the best possible execution speed for each client.

Vantage FX 3 servers
Figure 3: Vantage FX’s servers are elite

MT4 Smart Trader Tools

This is a set of tools that rivals even the complex institutional trading platforms and aims to bring your trading activity to the next level.

The package contains: 

  • Alarm Manager – a powerful notification tool which includes 6 types of alarms and can automatically place or close trades for you. 
  • Correlation Matrix – a matrix grid that provides correlation scores and indicates the potential strength of patterns
  • Correlation Trader – compare market charts or indicators like profits and place orders directly from inside the tool
  • Excel RTD Link – use MS Excel to compare and analyse various accounts in real time while using your own spreadsheets 
  • Market Manager – you can personalize the Market Watch section of MT4 by inserting only your favorite instruments and manage orders from this single window
  • Mini Terminal – a tool for pro users that allows you to place complex and multiple orders directly from one chart 
  • Sentiment Trader – allows you to check on the market sentiment and direction of evolution for various instruments directly in MT4
  • Session Map – a visual overview of the principal markets with their respective time zones, calendar events and price information
  • Trade Terminal – an advanced order management and analysis tool, allowing one-click trades, with complex orders, risk calculators and even templates for order preferences

Trading Signals

With a Vantage FX account (real or demo) clients get free access to over 3,200 MT4 Trading Signals. The software monitors the trading activity of successful traders and launches the same orders on your account. 

All trading signals have been tested and pre-approved before being included in MT4’s signals collection.

Forex VPS

Vantage FX offers Virtual Private Server (VPS) service for all their clients. To access this free VPS services promotion, you will need an account with a minimum balance of $1,000. Once you choose your provider, Vantage will reimburse you the invoice. 

VPS technology uses an external server to keep your trading platform running all the time, and thus it is essential if you want to have your expert advisors running 24 hours a day without interruptions due to power shuts or connectivity issues. 

Forex Sentiment Indicators

Market Sentiment Indicators are provided based on the positions launched on the market by Vantage clients. 

This is a tool that you can use when making trading decisions. Sentiment indicators offer supplementary insights on supply/demand imbalances that may potentially provoke trend reversals. 

PRO Trader Tools

A set of premium tools providing exclusive insights on real time news events, trading setups and elements that move the markets at any given moment. To access the PRO Trader Tools you will need an account with a minimum balance of $1000.

PRO Trader Tools include:

  • Market Buzz – a next-gen AI Market News tool that offers access to current news, mentions of certain assets on professional media and social media channels as well as price events concerning a selection of more than 35,000 assets. 
  • Featured Ideas – access trade ideas and real time trading setups for the instruments you are interested in, based on back tested trading strategies 
  • Economic Calendar – a macro-economic events calendar, tailored for your time zone and filtered with the most impactful news from relevant countries
  • Analyst Views – check on a collection of actionable trading plans and setups that cover more than 80,000 instruments. View trendlines, key levels of support and resistance, reversal areas and news setups.
Vantage FX 4 Pro Trader tools
Figure 4: Vantage FX’s Pro Trader Tools

Trading Central

Trading Central delivers qualitative research and investment strategies for a wide range of trading assets. Their award winning methodology is now a recognized benchmark in the technical analysis area. 

Vantage has partnered with Trading Central to offer clients access to advanced technical tools. All Vantage FX clients with balances of more than $500 receive daily market analysis and trading signals via email free from Trading Central. 

Social Trading

Vantage FX clients are able to profit by mirroring trades made by successful traders using social trading. Vantage’s social trading options are:

  • Zulutrade is the world’s leading social trading platform. Follow more than 10,000 professional traders, ranked by ZuluRank via a performance evaluation algorithm, and mirror their trading strategies. You retain full control over your account and can take advantage of risk management characteristics like ZuluGuard or simulation tools or the ability to create your own automated trading rules via Automator.
  • MyFXbook is another prominent social trading platform with a pool of over 90,000 curated successful trading systems. You can automatically copy the orders of your preferred traders, customize and control the trades that you copy and check on detailed statistics of your portfolio.

Multi Account Manager Solution MAM/PAMM

Investment managers need powerful tools to manage multiple accounts. Vantage FX aims to bolster their trading performance by removing the administrative tasks from their schedule and hence have partnered with MetaFX to provide a high caliber MAM console that can be customized according to your trading needs. 

oneZero Financial

In order to improve clients’ trading performance, Vantage FX has partnered with oneZero™ MT4 Bridge.  oneZero™ is a top price aggregator, which links the trader’s terminal with liquidity pools. Essentially, this is an advanced technology capable of executing a large number of transactions at very high speeds. It works with a bandwidth of up to 100 GB/S.

To give a clearer idea – this technology is able to execute approximately 500,000 trades per millisecond.

To make sure that oneZero™ MT4 Bridge works at maximum capacity, Vantage FX works with Intel Xeon E7 Processors that incorporate a Boost Technology. This way, traders benefit from the fastest access possible to the markets.

Vantage FX 5 speed
Figure 5: Vantage FX’s technology is world-renowned

International Presence – Covered Countries

Score: 4.7 out of 5

Vantage provides Forex trading services internationally in 14 languages. This means that, practically, you can use Vantage FX services no matter where you live on earth (with the exception of jurisdictions where these types of services are forbidden, e.g. the United States).

Clients from the following countries are not accepted: United States of America, Canada, Afghanistan, Belarus, Burundi, Burma,  Egypt, Eritrea, Central African Republic, Lebanon, Democratic Republic of the Congo, Japan, Iran, Iraq, Libya, Mali, Guinea, North Korea, Guinea-Bissau, Somalia, Russia, Syria, Sudan, Tunisia, Venezuela, Yemen, Ukraine, Zimbabwe.

Vantage FX 6 covered countries
Figure 6: Vantage FX has a global presence

Account Types

Score: 4 out of 5

Vantage FX provides traders with three types of accounts:

  • Standard STP Account
  • RAW ECN Account
  • PRO ECN Account
Vantage FX 7 account types
Figure 7: Vantage’s account types

Standard STP Account

The Standard STP account is dedicated to beginner traders looking for simple market access, tight spreads and fast trade executions. Its most important features are the following:

  • Account currencies may be USD, EUR, GBP, AUD, SGD, CAD
  • Access to institutional grade spreads and high liquidity
  • Spreads start at 1.4 pips with no commissions
  • STP execution for orders
  • Minimum deposit of $200 
  • Access to all instruments provided by the broker
  • Leverage of up to 1:500
  • Compatible trading platforms: MetaTrader 4, MetaTrader 5, Mobile Trading and Web Trader 
  • Eligible for bonuses and promotions

RAW ECN Account

The RAW ECN account is designed for mid level and experienced traders in search of deep liquidity and cost-effective trading activity. This is Vantage FX’s most popular account. Its most notable characteristics are:

  • Account currencies may be USD, EUR, GBP, AUD, SGD, CAD
  • Access to institutional grade liquidity provided by the largest financial institutions in the world
  • Spreads from zero and commissions of $3 per lot per side
  • Next generation ECN trading environment and laser speed execution
  • Minimum deposit of $500 
  • Access to all instruments provided by the broker
  • Leverage of up to 1:500
  • Compatible trading platforms MetaTrader 4, MetaTrader 5, Mobile Trading and Web Trader 
  • Not eligible for bonuses and promotions
Vantage FX 8 raw ECN
Figure 8: Vantage’s RAW ECN account

PRO ECN Account

PRO ECN Accounts are catered to advanced traders, algorithmic traders and money managers who are looking to trade large volumes. These types of traders need the highest possible execution speed and precision. 

The PRO ECN Account’s major features are:

  • Account currencies may be USD, EUR, GBP, AUD, SGD, CAD
  • Access to institutional grade liquidity provided by the largest financial institutions in the world
  • Spreads from zero and commissions of $2 per lot per side
  • Next generation ECN trading environment and laser speed execution
  • Minimum deposit of $20,000 
  • Access to all instruments
  • Leverage of up to 1:500
  • Compatible trading platforms: MetaTrader 4, MetaTrader 5, Mobile Trading and Web Trader 
  • Ineligible for bonuses and promotions

Vantage FX Islamic Accounts

Islamic accounts are dedicated to Muslim traders. The Islamic religion mandates that devotees cannot pay/receive rollovers/swaps, so some will need special accounts. Vantage FX prides itself on being one of the few Forex brokers that are officially Sharia law compliant. 

Anyone can change their account type at any moment if the minimum balance requirements are met.

Vantage FX’s offer is very competitive and it’s quite difficult to find a better offer in terms of high liquidity, execution speed, trading costs and high leverage.

Account Opening

Opening a trading account with Vantage FX is a smooth process which only takes a couple of minutes. 

To begin, simply click on the red “Live Account” button placed on the top right corner on any page and follow the instructions.

The process has five major steps: 

  • First you have to insert personal details: name, surname, country of residence, phone, email, account type.
  • The second step requires some supplementary details about your nationality, date of birth, employment and financial data, plus your investment experience;
  • The third step refers to the configuration of your account, choosing the type of account, trading platform and the currency of the account;
  • The fourth step requires verifying your identity via an official document such as passport, ID card or driving license and proof of residence via a recent bank statement or utility bill;
  • The last step closes the process and redirects you to the Client Portal. Once your account is approved by the compliance department you will receive your credentials via email.

The Client Portal is the place where you will manage your trading account in terms of deposits, withdrawals, type of account and different trading platforms. 

Vantage FX 9 opening an account
Figure 9: Opening a Vantage FX account is easy

Demo Account

The ability to use a demo account and test a provider’s trading services is a must for a broker with designs to be an industry leader. 

To open a demo account with Vantage you will need a few seconds to fill your personal details. On any page of the site, there is a blue button “Demo Account”, on the top right corner that allows you to get instant access to a demo account. 

Clients that have a real account will also benefit from an unlimited demo account.

The demo account is a very useful feature because it allows any potential client to test the services of any respective broker without having to open a real account or fund it. 

For beginners, the demo account is a compulsory stage as they need to practice trading activity as well as get used to the trading environment and platform without risking their capital. Plus, they have to test various analytics instruments and tools, build their trading strategies and establish the trading style they are most comfortable with. There are a lot of details to iron out when you are just starting to trade in financial markets. 

Use a demo account to build a solid knowledge base and trading skills. And remember when you are ready to advance to the live account, only use the funds that you can afford to lose, not the money that you need for your current expenses.

For advanced and pro traders a demo account can also be used to test new strategies, new tools and the unique features of the respective broker. Vantage has no shortage of these.

Spreads, Fees and Commissions

Score: 4.6 out of 5

When trading with Vantage FX, the costs you will have to pay vary with the type of account, financial instrument and moment of the day. 

The pricing model used by Vantage is a mix of spreads, commissions and swaps. All spreads are variable and start from 0 pips on the RAW ECN account.

The costs of trading consist of:

  • Only the spread and 0 commissions on the Standard STP account. Spreads start with 1.4 pips for EURUSD and AUDUSD, 1.5 pips for USDJPY, 1.6 pips for GBPUSD, etc.
  • Commissions of $3 per lot per side and spreads starting from 0 pips on the RAW ECN account. Typical spreads are 0.1 pips for EURUSD, 0.4 pips for AUDUSD, 0.6 pips for GBPUSD, etc.
  • Commissions of $2 per lot per side and spreads starting from 0 pips on the PRO ECN account. Typical spreads are 0 pips for EURUSD, 0.3 pips for AUDUSD, 0.5 pips for GBPUSD, etc.
Vantage FX 10 forex spreads
Figure 10: Vantage’s Forex spreads

Thanks to their extended pool of liquidity providers, Vantage FX is in the favorable position of being able to offer tight spreads that are very competitive within the industry, particularly on the RAW ECN account. Spreads offered on the Standard STP account are slightly higher than the industry average. 

Share trading costs start with $6 per trade for the most prominent American stocks, €10 per trade for European stocks and $8 per trade for Australian blue chips. 

As with the majority of Forex brokers, Vantage charges swaps for trades that remain open overnight. Exact swaps for each instrument are clearly displayed in the MetaTrader platform and traders can consult them at any moment.  

Vantage FX does not charge an inactivity fee.

Deposits and Withdrawals 

Score: 4.8 out of 5

Vantage FX offers a good selection of payment methods that their clients may use to deposit and withdraw funds from their trading accounts. The available methods are clearly indicated in the Client Portal and will be different depending on the jurisdiction and currency of the trading account.

Vantage FX does not charge fees for deposits and withdrawals. However, international payments may be subject to fees from tier intermediaries and payment processors. 

Due to anti-money-laundering legislation, Vantage FX will not process third party payments. This means the account from which you deposit or to which you withdraw funds should have the same name as the trading account holder. 

Withdrawals should use the same method as the deposit until the level of the deposit is reached. After that occurs you can choose any other payment method available. 

The payment options offered by Vantage FX are:

  • Credit /debit cards – Visa & Mastercard 
  • Bank wires via international SWIFT or Australian banks
  • BPAY for Australia
  • POLi Payments for Australia
  • China Union Pay for China
  • Skrill/Moneybookers
  • Neteller
  • Paypal
  • Broker to broker transfers
  • FasaPay
  • Thailand Instant Bank Wire Transfer

Deposits are instant for most options and may take up to 5 business days for international wire transfers.

There are some restrictions to deposits made by card; the maximum amount accepted is $10,000 AUD per day, per account. Any first deposit will also need to be smaller than $1,000 AUD.

Vantage FX 11 deposit options
Figure 11: Vantage’s deposit options

Source: Vantage FX 

Minimum Deposit

Score 4.7 out of 5

The minimum deposit required for trading with Vantage depends on the type of account a trader wishes to open. 

The Standard account requires a $200 deposit, which is in line with industry standard. The RAW account requires a $500 minimum deposit and the PRO account $10,000.

These limits cater to practically any trader, as if you want to see consistent profits you need to invest a consistent sum. It’s still possible to achieve this with the minimum deposit, but it takes more time and is by more difficult to accomplish. 

It is also worth remembering that a number of the unique features provided by Vantage require a minimum balance of $1,000.

Desktop Trading Platforms

Score 4.3 out of 5

Vantage FX is part of the MetaTrader brokers’ family and hence offers the whole suite of platforms developed by MetaQuotes Software Corporation. 

As part of their aim to make a difference and improve the trading environment provided, Vantage FX broker invests heavily in their hardware infrastructure. They also boast a range of powerful MT4 SmartTrader add-on tools and an array of unique features.

While trading with Vantage you will have access to all versions of MetaTrader’s platforms:

MetaTrader 4

MetaTrader 4 is the global leader in terms of trading platforms and the first preference of most retail traders.

Vantage’s FX MetaTrader 4 benefits: 

  • Has a user-friendly interface
  • Offers a secure, stable and flexible trading environment
  • High customizability
  • Laser-fast order execution thanks to high-end infrastructure and enhanced stability  
  • Advanced charting with 9 options  
  • Trade automatically via expert advisors
  • A collection of over 50 built-in indicators
  • VPS support
  • Standard types of orders – stop orders, market orders and limit orders
  • Trade with one-click 
  • Extended liquidity via the personalized oneZero™ MT4 Bridge
  • MT4 SmartTrader Tools
  • News feed imported from reliable sources as Reuters and FxWire Pro 
Vantage FX 12 MT4
Figure 12: Vantage offers MT4 capabilities

Meta Trader 5

MT5 is the last version of the platform and comes with improved features like hedging capabilities, the ability to use any EA, etc.

Vantage FX MetaTrader 5 advantages: 

  • Enhanced order management capabilities
  • Intuitive, secure interface connected with a next-gen hardware infrastructure
  • Access to over 3,200 trading signals from professionals
  • Level II pricing
  • Superior charting with 21 options
  • Built in systems for alerts
  • Advanced EA backtesting algorithms
  • VPS support
  • Built in market data, news and economic calendar 
  • A large number of indicators to use in technical analysis
  • News feed imported from reliable sources as Reuters and FxWire Pro 

The MetaTrader platforms are available in 32 languages, so there is a high chance you will be able to use them in your native language.

To download the platforms you have to login into the Client Portal and access the corresponding section.

Vantage FX MetaTrader WebTrader

MetaTrader WebTrader platform is the online version of MetaTrader that needs no installation and works with almost every browser. WebTrader is a great option because it can be accessed from any type of device, from anywhere in the world.

Vantage FX integrates with social trading solutions like MyFXBook and ZuluTrade, so you can also use these platforms with your Vantage trading account.

Account managers also have a dedicated solution with MAM/PAMM accounts that are specifically designed for their needs. MAM/PAMM accounts allow the simultaneous management of multiple accounts, multiple allocation methods, high speed for each account, partial close for orders, etc. 

Mobile Trading Platforms

Score: 4.3 out of 5

If you prefer to trade via a mobile device or just to check your account when not in front of your computer, Vantage FX puts the mobile versions of MetaTrader at your disposal. You can install the version that suits you for iPhone or Android from the Mobile Apps section on the Vantage FX site or via their respective stores. 

The mobile version is a bit limited in comparison with the desktop version, but you still have access to all features that you need to trade on the go. You can manage your orders, check on charts and real time prices, verify upcoming economic events, etc.

Configure Trading Accounts

To configure your account and prepare your trading tools, you will need to follow a simple procedure which is the same for all MetaTrader brokers. After you open your account with Vantage FX, you will receive via email the credentials you need to login into the platform.

Vantage FX has created detailed manuals for MetaTrader4 and MetaTrader5 to guide you through the platform installation and how to use it.

There are also a series of videos that teach you step by step how to install the SmartTrader tools, how to personalize charts, how to instal EAs, how to create profiles, etc.

Training, Education and Resources

Score: 2 out of 5

Education and analytics resources are not areas where Vantage FX shines. 

The Education section is basic, with minimal resources for complete beginners.

There is a small selection of written articles comprising MT4 and MT5 manuals, plus a series of detailed videos dedicated to the MT4 platform and to the SmartTrader Tools.

Vantage FX 13 - MT4 tools
Figure 13: Vantage’s MT4 SmartTrader tools

In short, the education side of Vantage FX is confined to the “Learn Forex” section, which is a collection of written articles organized in three categories:

  • Forex Market Overview – includes articles related to things like What is Forex?, Forex Currency Pairs, Basics of Forex which details the types of orders and elementary notions like pips, swaps, long positions, short positions, etc.
  • Forex Market Analysis – articles about Fundamental Analysis, Technical Analysis, Price Action Trading, Indicator Trading, etc. 
  • Forex Trading Psychology – has resources related to managing your feelings to improve trading success
Vantage FX 15 education
Figure 15: Vantage’s Education tools

With regard to research and analytics, Vantage provides some valuable tools like Sentiment Indicator, Economic Calendar, and a selection of over 3,200 trading signals provided by MetaQuote free of charge. 

Some daily analysis and market overviews created by Vantage’s in-house specialists are provided via their Youtube channel

Customer Support

Score: 4.3 out of 5

Customer service is a valued function of any respectable Forex broker, as unsolved issues may quickly scale and lead to lost profit opportunities and to financial losses for traders.

Vantage’s customer support department is functional 24/5 during trading hours around the  clock. Clients can contact them via: 

  • Phone
  • Email at [email protected]
  • Live Chat 
  • TeamViewer  – a remote app that is helpful for technical assistance. Vantage’s team offers 1-1 remote support if clients need help to install platforms, EAs, indicators etc
Vantage FX 16 customer support
Figure 16: Vantage’s Customer Support offering

A series of FAQs is also answered inside the Help and Support section, where clients can quickly find the information they need. 

Vantage FX is reachable via the following social channels:

Bonuses and Promotions

Vantage FX offers a variety of bonuses and promotional schemes to their clients. You can easily find them on the site in the Clients tab, subsection Promotions.

Vantage FX 17 promotions
Figure 17: Vantage’s promotions

Currently, the promotions available are:

  • Refer a friend – promotion valid for all clients. You can earn a cash bonus of $150 and your friend a bonus of $100 when the referred friend starts to trade with Vantage and funds their account with a minimum of $1000. 
  • Active Trader Program –  Active traders with active accounts larger than $10,000 may qualify for cash rebates paid directly into their account or for gifts (gift cards, iPhones, etc). With this promotion you can earn up to $8 per lot traded. 
  • 50% Deposit Bonus – a promotion dedicated to small accounts which offers a 50% bonus for the first deposit. The maximum amount that you can obtain as a bonus for the first deposit is $250.  
  • FX Rebates 10% Bonus – receive rebates each time you trade directly into your trading account to reduce your trading costs. You can earn up to 10% of your deposit in the form of Forex rebate. To qualify for this program you need a minimum deposit of $1,000.

All promotions are subject to their respective terms and conditions and are valid only on the Standard STP account.

Awards

Vantage FX has an impressive collection of awards they have received over the years. Among the most important are: 

  • Financial Trading Service Provider of the Year” awarded by CV Magazine in 2019
  • Financial Trading Service Provider of the Year” awarded by Finance Monthly FinTech Awards in 2017 and 2018
  • Financial Trading Service Provider of the Year” awarded by Global 100 in 2017
  • Best ECN Broker”, “Best IB Broker” and “Best Customer Support” awarded by The Fore X in 2016.
  • Best ECN/STP Broker” awarded by Forex Awards in 2016 
  • Forex Execution House South East Asia” and “Best Forex Broker” awarded by DealMakers Annual Banking Awards in 2012
  • Best Forex Execution in Asia-Pacific”, awarded by IBTIMES Trading Awards in 2012 
Vatage FX 18 awards
Figure 18: Vantage’s awards

Trading Experience

Vantage FX is a reliable Forex broker that offers access to a good selection of financial instruments and offers a plethora of unique features that are highly appreciated by traders. It also has a next generation trading infrastructure that allows access to institutional spreads for each retail trader. 

Taking all these into consideration, it is appropriate to conclude that Vantage FX is well equipped to deliver a high quality trading experience for beginners and professional traders alike.

Pros and Cons

Pros:

  • Global presence
  • Regulated by distinguished authorities as CIMA, FCA, ASIC
  • Unique features: ECN trading environment, MT4 SmartTrader Tools, Trading signals, Forex Sentiment Indicators, Forex Sentiment Indicators, PRO Trader Tools, Trading Central, Multi Account Manager Solution MAM/PAMM, oneZero Financial
  • Competitive spreads and commissions
  • The popular family of platforms MetaTrader with all its versions 
  • ECN and STP execution
  • High leverage of up to 1:500
  • Bonuses and promotional schemes
  • Social trading facilities
  • VPS facilities
  • Multiple payment options
  • Professional customer service 

Cons:

  • A reduced selection of financial instruments
  • Thin educational resources
  • A reduced number of analytics tools
  • Not regulated in the European Union
  • Does not provide services in US

Is This Broker a Good Option for Me?

Selecting a Forex broker to work with is a matter of personal preference, but it is also worth noting that their services make or break your trading success and profits.

Vantage FX is a good option for you if:

  • You are a beginner trader that does not rely on their educational resources
  • You are an intermediary trader in search of high speed order execution and reduced spreads
  • You are an advanced trader that appreciates the unique features offered by Vantage, but does not require a large selection of trading instruments.

Conclusion

Vantage FX is a reliable option from many points of view and could be a valued trading partner for a wide variety of traders. Its high-level trading infrastructure, ECN laser speed execution for orders, free trading signals and setups, plus an extended collection of unique features are difficult to ignore.

🏦 Safety and Regulation4.2
📊 Offer of Financial Instruments2.8
💡 Differentiation Elements and Unique Features4.8
🌍 International Presence – Covered Countries4.7
🏛 Account Types4
💸 Spreads, Fees and Commissions4.6
💰 Deposits and Withdrawals4.8
💳 Minimum Deposit4.7
💻 Desktop and Web Trading Platforms4.3
📱 Mobile Trading Platforms4.3
👨‍🏫 Training, Education, Resources and Research2
☎️ Customer Support4.3
🏆 Total Score4.12
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