Today Vantage FX is a member of Vantage Global Prime Pty Ltd, which holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).
Vantage FX is predominantly a MetaTrader broker offering the widely popular platform suite developed by MetaQuotes Software Corporation, which includes MetaTrader4 (MT4) and MetaTrader 5 (MT5).
As an authorized representative of Vantage Global Prime, the broker caters to retail traders under the Vantage FX brand and offers access to 38 forex pairs, and 24 CFDs on global indices, energies, metals, and Bitcoin.
In addition, VantageFX offers the ChartIQ platform as well as myFxtrade and ZuluTrade for social copy trading (auto trading).
Vantage FX is not publicly traded and does not operate a bank. Vantage FX is authorized by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). Vantage FX is authorized by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Vantage FX lists typical spreads of 1.4 pips on the EUR/USD in the Standard account. For its Raw ECN accounts, typical spreads are 0.1 pips with a commission of $3 added per side ($6 per round turn).
Overall, VantageFX’s pricing is just “ok,” falling mostly in line with the industry average.
Opening an account with Vantage FX is pretty straightforward. All you have to do is fill out the account opening form found in their website.
You will need to provide a means of identification and address verification.
You can also reach out to their customer support if you have further questions.
There are several ways to fund your Vantage FX account.
These are –
Vantage FX's customer support is fairly ok. They offer customer service in a wide range of languages which include – English, French, Arabic, and more.
You can get in touch with Vantage FX’s support team through phone call, email, or live chat.
Their call support center is open 24 hours on each of the 5 business days of the week
Vantage FX provides research in the form technical and fundamental analysis on its blog from in-house staff as well as guest writers.
There is also an economic calendar powered by MQL5 from MetaQuotes, and for clients who deposit at least $1,000, Vantage FX offers a suite of plugins for MT4 branded as MT4 SmartTrader Tools, developed by FX Blue LLP.
Although the broker’s scope of research resources is light, Vantage FX provides several social trading (auto trading) platforms to help self-directed investors find and analyze trading opportunities (more on that in the platform & tools section below). The broker also displays sentiment data for its top trading instruments based on live position data from its clients.
In 2017, Vantage FX added Trading Central as a provider of trading signals.
Although Vantage FX’s scope of research resources is light, it continues to make improvements each year. Overall, Vantage FX provides a research offering that meets industry standards. The broker finished 25th out of 43 brokers in our 2018 Review.
Vantage FX is primarily a MetaTrader broker offering the standard, out-of-the-box MT4 platform experience, including MT4 web, and recently launched MetaTrader 5 (MT5).
While MT4 comes standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.
Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Vantage FX’s available MT4 platform setup and the default MetaTrader experience:
As mentioned above, traders using MT4 web at Vantage FX also get access to the innovative ChartIQ web platform (branded as MarketTrader) as an alternative web platform to use with the MT4 account.
ChartIQ is a highly responsive web-app built on HTML5 and has a smooth interface. Vantage Fx’s version of ChartIQ is known as MarketTrader and includes 100 indicators by default in its charting package.
Lastly, in addition to MetaTrader and ChartIQ, Vantage FX also offers the ZuluTrade platform for social copy trading, as well as the myFXTrade auto trading platform.
All in all, when it comes to Platforms & Tools, Vantage FX distinguishes itself from other MetaTrader-only brokers by offering a good range of additional add-ons and compatible 3rd party platforms.
While many brokers will implement caps on various leverage thresholds available, usually by trade size, Vantage FX does so by account balances, with several restrictions that start on amounts as small as $5,000 and then $10,000, where max leverage is decreased.
Vantage FX launched Bitcoin tradeable as a CFD in 2017, helping it cater to the growing demand for cryptocurrencies.
Vantage FX’s value proposition appears to be for retail traders with smaller deposits as the max leverage thresholds that quickly kick in would put off larger investors who need access to lower margin rates for high volume trading. The broker also distinguishes itself from other Metatrader brokers by offering additional platforms, including from ChartIQ and Zulutrade, helping to round out its offering.
In terms of pricing, the broker’s commission-based Raw ECN account offering is the clear choice for cost-sensitive traders as it features a lower all-in cost compared to its Standard account offering, yet the firm’s rebate offering is not available on the Raw ECN account type as its pricing is inherently lower than the Standard account.
I trust this Vantage FX review has been informative. Good luck!