Overall | Commissions & Fees | Licensing & Safety | Platforms & Tools | |
---|---|---|---|---|
Points | 94 | 97 | 93 | 86 |
Overview – Fees and commissions – Safety – Opening an account – Account types – Trading Platforms – Markets and products – Research tools – Education and training – Customer support – Our verdict
Our Vantage FX review explores a highly reputable and well-regarded forex broker. Vantage FX was founded in 2009 and has prided itself on delivering a forex trading experience that is both fairly priced and unique. The broker offers leverage of up to 500:1, over 170 instruments, and a range of account types, all with regulation from CIMA. Vantage FX has also earned numerous awards over the years, including CV Magazine’s “Financial Trading Services of the Year” in 2019.
- Trade more than 180 instruments
- Enjoy a great social trading platform
- Regulated by CIMA, FCA, and ASIC
- The best broker for non-trading fees
- Does not accept clients from the US, Japan, or North Korea
overall scores
In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories.
Vantage FX fees and commissions
As you review Vantage FX’s fees and spreads, you will notice that the forex broker is highly competitive when it comes to both trading and non-trading fees. There are no deposit, withdrawal, or inactivity fees depending on which arm of the broker you trade with, the latter of which sets it apart from the competition. The fee structure varies based on account types, with Vantage FX offering accounts that appeal to beginners as well as advanced traders.
Our experts have reviewed Vantage FX’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees.
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged by Vantage FX. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
Trading Fees* | |
---|---|
TYPE OF FEE | COST |
Minimum Spread EURUSD (pips) | |
Commission (%) | % |
Commission on Islamic Accounts (%) | % |
*Based on Standard account type.
Non-Trading Fees | |
---|---|
Account Fee | N |
Inactivity Fees | N |
Deposit Fees | N |
Withdrawal Fees | N |
Vantage FX trading fees
Vantage FX has several account types, each with its own structure for trading fees. This allows you to choose whether you prefer competitive spreads and no commission fee or extra-tight or even zero spreads and commissions.
UK clients have slightly different account types and a slightly different pricing structure. For instance, spreads start as low as 0.25 pips for the Vantage Prime Pro account or 0.6 pips for the Vantage Prime account.
The following are example spreads for the Standard STP account, which is available via the ASIC and CIMA entities of Vantage FX:
- EURUSD from 1.4
- GBPUSD from 1.6
- AUDUSD from 1.4
- USDJPY from 1.5
The following are the example spreads for RAW ECN accounts:
- EURUSD from 0.1
- GBPUSD from 0.6
- AUDUSD from 0.4
- USDJPY from 0.5
The tightest spreads come from the PRO ECN account, which has the following spreads:
- EURUSD from 0.0
- GBPUSD from 0.5
- AUDUSD from 0.3
- USDJPY from 0.4
Our review of Vantage FX forex broker also offers the following examples of minimum and average spreads on indices:
- SPI200: Minimum 35, Average 239.97
- DAX30: Minimum 0, Average 282.64
- DJ30: Minimum 200, Average 338.51
- FTSE: Minimum 40, Average 230.86
- SP500: Minimum 0, Average 54.72
The following provides a sample of the spreads for commodities at Vantage FX:
- NG: Minimum 5, Average 8.06
- Gas: Minimum 25, Average 58.71
- USOUSD: Minimum 12, Average 41.1
- Cocoa-C: Minimum 50, Average 50
- Cotton-C: Minimum 152, Average 152
- Sugar: Minimum 50, Average 50
The following displays some of the Vantage FX spreads for precious metals:
- XAUUSD: Minimum 1, Average 36.09
- XAGUSD: Minimum 18, Average 27.97
- Copper-C: Minimum 25, Average 31.47
Vantage FX commissions
As mentioned, Standard STP accounts do not have any commissions. Raw ECN Accounts pay commissions of $3.00 per lot per side to compensate for the lower spreads. Pro ECN Accounts have commissions of $2.00 per lot per side; the commission is lower than Raw ECN accounts due to higher trade volumes and minimum deposits.
If you are registering with Vantage FX from the UK, you can also choose between a commission-free account or a Pro account that charges from £1.50 per 100k traded.
Financing/overnight rates
Vantage FX recommends that clients review forex swap rates directly on the MetaTrader 4 platform, or their trading platform of choice. To do so, you can select the relevant product then view “Specifications.”
Non-trading fees
As you review Vantage FX broker’s policies, you will notice that the broker generally does not charge any fees for deposits or withdrawals. However, your payment provider may charge a fee, in which case you will be responsible for that fee. The exception to this rule is for UK clients. Here, you may incur small charges depending on your payment method. Moreover, withdrawals in the UK usually cost £5, although there is a free option too.
Impressively, Vantage FX does not charge inactivity fees, which are common among competitors. This is a very strong point in favor of Vantage FX, especially for those who are new to trading and may trade inconsistently.
Vantage FX safety
You should feel confident that your funds are safe when opening an account with Vantage FX. The broker is multi-regulated, primarily by CIMA, with additional regulation by the FCA and ASIC in the relevant jurisdictions. The broker also takes various security measures, such as guaranteeing absolute transparency and maintaining segregated client funds. Our Vantage FX team was also happy to find that negative balance protection is offered free of charge.
- Regulated in multiple jurisdictions
- Client funds stored in segregated accounts
- Free negative balance protection
- Some brokers are regulated by more organizations
Vantage FX licenses and regulation
Vantage International Group Limited is regulated and authorized by CIMA, the Cayman Islands Monetary Authority. This is with Securities Investment Business Law (SIBL) number 1383491.
Vantage Global Prime Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with AFSL number 428901.
Vantage Global Prime LLP is regulated and authorized by the Financial Conduct Authority (FCA), with FRN 590299 and company number OC376560.
Is Vantage FX safe?
Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:
- What protection and/or insurance Vantage FX offers should something go wrong
- Vantage FX’s reputation, history, and management
Vantage FX client protection
Our Vantage FX reviewers found that if you are trading from within the UK, you are protected under the Financial Services Compensation Scheme (FSCS). Unfortunately, this cover isn’t extended to other jurisdictions.
Client Protection
Country | Legal Entity | Protected Up To | Regulators |
---|---|---|---|
United Kingdom | Vantage Global Prime LLP | £50,000 | FCA |
Rest of World | Vantage International Group Limited, Vantage Prime LLP, Vantage Global Prime Pty Ltd | No Protection Offered | CIMA, ASIC |
Vantage FX offers negative balance protection, a crucial feature for limiting losses. Vantage FX also stores all client funds in segregated accounts. This is done via the National Australia Bank, which is the broker’s custodian bank and is AA-rated. This bank is among the four largest financial institutions in the country and is constantly in the top 20 safest banks globally.
Vantage FX background and reputation
Given that Vantage FX has been in business since 2009, the broker has withstood a range of economic conditions, indicating that it is long-lasting and financially responsible. The broker is based on the Cayman Islands, which is a common location for forex brokers, providing additional peace of mind.
Thanks to Vantage FX’s CIMA regulation and licensing, the broker must meet capital requirements and follow internal procedures, like regular staff training, strict auditing procedures, risk management, and financial compliance.
Vantage FX has also won an impressive range of industry awards, which shows that you are trading with an accomplished and reputable firm. Awards include Financial Trading Services Provider of the Year from CV Magazine 2019 and, in 2018, the broker was the Fintech Awards winner for Financial Trading Services Provider of the Year. It also earned the same honor from both the Global 100 and the Fintech Awards in 2017.
Opening an account with Vantage FX
Opening an account with Vantage FX is a quick and easy process that you can complete in a matter of minutes. There are account types that will appeal to all types of traders, from beginners to experts, and the minimum deposit is highly accessible at just $200 (£2,000 for UK clients).
Is Vantage FX available in your country?
While Vantage FX accepts clients from most countries in the world, there are 28 countries and one Canadian province from which it does not accept clients. Some of the most notable restrictions are for those in the United States of America, British Columbia in Canada, Belarus, Afghanistan, Lebanon, and South Sudan.
How to open an account at Vantage FX
The process of opening an account at Vantage FX can be completely digital, which most clients appreciate. The forms are quick to complete and, if you submit the required documentation right away, you can be ready to trade within 24 hours.
Step 1
Click on the red Live Account button at the top of the page.
Step 2
Enter your first and last name, country, phone, email address, and account type (Individual or Company), then click “Open Live Account.”
Step 3
Confirm your email address and phone number and fill in the other required information.
Step 4
Submit your identification documents.
Step 5
Fund your account.
What you will need to open an account
You will need some important information and documentation on hand to open an account with Vantage FX, due to AML and KYC requirements.
- Personal information – You will need to provide your first and last name, date of birth, address, email address, phone number, and an official identification number.
- Regulatory information – The information required for regulatory reasons includes the previously mentioned personal information and the following documentation.
- Documentation – Vantage FX requires a document to verify your identity in the form of a valid government-issued ID, such as a passport or driver’s license. You may also be asked to provide proof of address in the form of a utility bill or similar document that also bears your name.
To open an account with Vantage FX, you’ll need to provide proof of identity and proof of address. This process allows Vantage FX to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.
What is the minimum deposit at Vantage FX?
The minimum deposit at Vantage FX depends on your account type, and which arm of the broker you are trading with.
For those trading outside of the UK, you can get started with as little as $200, making this broker highly accessible. As you review Vantage FX forex broker’s account types, however, you will notice that each has a different minimum deposit. The lowest limit of $200 is for the Standard STP Account. RAW ECN Accounts have a minimum deposit of $500, and PRO ECN Accounts have a minimum of $20,000. The last account type is much less accessible, but it is specifically designed that way to appeal to those with higher trading volumes.
For UK clients, both the Vantage Prime and the Vantage Prime Pro accounts can be opened with £2,000.
Vantage FX payment methods
Our review of the Vantage FX forex broker found a vast range of payment methods, and the process of depositing and withdrawing is generally fast and easy. You should also note that all international account type holders can choose from six base currencies; AUD, USD, EUR, GBP, CAD, and SGD. If you are a UK client, you can open accounts based in GBP, USD, EUR, AUD, and JPY. Once you register with the broker, you are able to view your available deposit and withdrawal methods when you log in to the client portal.
Payment Methods
METHOD | DEPOSITING TIME | ACCEPTED CURRENCIES | DEPOSITING FEE | MAX. DEPOSIT | WITHDRAWAL | |||
---|---|---|---|---|---|---|---|---|
Domestic EFT | 1 -2 Working days | AUD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
Domestic Fast Transfer | Up to several hours during AEST business hours | AUD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
International EFT | 2 – 5 Working days | AUD, GBP, EUR, USD, JPY, CAD, NZD, SGD | $0 | N/A | Y | Processed within a business day | N/A | 20 USD or base currency |
BPay | 1 – 2 Working days | AUD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
POLi Payments | Within 24 business hours | AUD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
Visa and MasterCard | Instant | AUD, GBP, EUR, USD, JPY, CAD, NZD, SGD | $0 | $1,000 on initial deposit, $10,000 per card per day | Y | Up to 5 working days | N/A | N/A |
China Union Pay | Instant | USD | 1.30 to 2.50% | N/A | Y | Processed within a business day | N/A | N/A |
Neteller | Instant | AUD, GBP, EUR, USD, SGD | Neteller’s fees | N/A | Y | Processed within a business day | N/A | N/A |
Skrill / Moneybookers | Within 24 business hours | EUR, USD, CAD, GBP | Skrill’s fees | N/A | Y | 24 HoursaProcessed within a business day | N/A | N/A |
Broker-to-broker transfer | 2 – 5 Working days | AUD, GBP, EUR, USD, JPY, CAD, NZD, SGD | Bank transfer fees may apply | N/A | Y | Processed within a business day | N/A | N/A |
FasaPay | Instant | USD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
Thailand Instant Bank Wire Transfer | Instant | USD | $0 | N/A | Y | Processed within a business day | N/A | N/A |
Bank Wire (BACS – UK only) | 2-3 Days | GBP | £0.50 | N/A | Y | 2 Days | N/A | Free (up to £10,000) |
UK Debit Cards | Same Day | GBP | £0 | N/A | N | – | – | – |
FASTER Payments | Same Day | GBP | £0 | N/A | Y | Same Day (Usually 2 Hours) | N/A | £5 |
Standard UK Visa and Mastercard | Same Day | GBP | 1.5% | N/A | N | – | – | – |
SEPA Transfer from EEA | 1 Day | EUR | €0 | N/A | Y | 1 Day | N/A | €6.11 |
Vantage FX account types
There are multiple account types available at Vantage FX, each of which is designed to appeal to a slightly different client category. Beginners will enjoy Standard STP accounts (Vantage Prima accounts in the UK), which do not charge commissions. RAW ECN and Vantage Prime Pro accounts may be the perfect choice if you’re willing to pay a little extra for tighter spreads. Pro ECN accounts (international clients only) are also ideal if you are a professional trader with high trading volumes.
Account Types
STANDARD STP | RAW ECN | PRO ECN | |||
---|---|---|---|---|---|
Minimum Deposit | $200 | $500 | $20,000 | £2,000 | £2,000 |
Max Leverage | 500:1 | 500:1 | $20,000 | £2,000 | 200:1 |
Minimum Order Size | 0.01 lot | 0.01 lot | 0.01 lot | 0.1 lot | 0.1 lot |
Spreads | From 1.4 pips | 0.01 lot | From 0.0 pips | From 0.6 pips | From 0.25 pips |
Commission | N/A | $3.00 per lot per side | $2.00 per lot per side | N/A | £1.50 per 100k traded |
Available Instrument Types | Currency pairs, Indices, Commodities, Share CFDs | Currency pairs, Indices, Commodities, Share CFDs | Currency pairs, Indices, Commodities, Share CFDs | Currency pairs, Metals | Currency pairs, Metals |
Available Instruments (Number) | 173 | 173 | 173 | 100+ | 100+ |
Trading Platforms | MT4, MT5, WebTrader, Vantage FX App, ZuluTrade, Myfxbook | MT4, MT5, WebTrader, Vantage FX App, ZuluTrade, Myfxbook | MT4, MT5, WebTrader, Vantage FX App, ZuluTrade, Myfxbook | MT4 | MT4 |
Automated Trading | Y | Y | Y | Y | Y |
Execution Type | STP | ECN | ECN | ECN | ECN |
Demo accounts
We encourage you to review Vantage FX’s trading platforms and instrument offerings via a demo account before investing real money. This is easy to do, as opening a demo account takes a matter of minutes. The demo account comes with $50,000 worth of virtual funds and is compatible with MT4. It allows you to practice trading all available instruments, and to test your strategies.
The demo account automatically lasts for 30 days and then expires. You can, however, easily request a non-expiring demo account from Vantage FX via email. This is part of the broker’s efforts to encourage new clients to use a demo account until they are comfortable with MetaTrader 4 and their trading plans.
Islamic accounts
Swap-free trading accounts are available for either Standard STP or RAW ECN accounts, allowing Islamic clients to trade in confidence. Our Vantage FX broker review team appreciates that not only does the broker offer Islamic accounts, but that it displays the certificates of Sharia compliance on its website. This provides additional peace of mind for Muslim traders.
Vantage FX trading platforms
Our review of Vantage FX found that the forex broker gives you the choice of numerous trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and a proprietary platform. You can also utilize the social trading platforms ZuluTrade and Myfxbook, which are perfect for beginners. The inclusion of MetaTrader platforms helps the broker appeal to a wider audience, as it’s software that most traders are familiar with.
Vantage FX offers three trading platforms, depending on where you’re located. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.
To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Vantage FX’s trading platforms. When doing so, they considered a range of factors including how easy to use the platforms are, what features each trading platform offers, and how suited each platform is to different types of traders.
Trading Platforms
VANTAGE FX APP | METATRADER 4 | METATRADER 5 | |
---|---|---|---|
Instrument Classes | Currency Pairs, Share CFDs, Indices, Metals, Commodities | Currency pairs, Indices, Commodities, Share CFDs | Currency pairs, Indices, Commodities, Share CFDs |
Number of Instruments | 300+ | 173 | 173 |
Number of Order Types | 4 | 4 | 6 |
Number of Indicators | 9+ | 30 | 38 |
Number of Drawing Tools | 6 | 31 | 44 |
Robots/EAs | Y | Y | Y |
Social/Copy Trading | Y | Y | Y |
Downloadable | Y | Y | Y |
Browser Compatibility | N | Y | Y |
Vantage FX App
The Vantage FX application is a proprietary trading platform that lets you trade on the go, accessing share CFDs, indices, commodities, and forex pairs. There are versions available for both Android and iOS, and it provides access to full trading functionality.
The application includes technical indicators, including Bollinger bands, moving averages, and MACD. It also has nine timeframes and a range of charting tools. The dashboard summary lets you visualize data at a glance. There is also built-in customer support.
For full functionality, you can review Vantage FX broker order management on the app. You can also use trading signals from Trading Central, custom watchlists, and take advantage of the news calendar and alerts. The application also lets you open your account and take care of fund management. The Vantage FX app even gives you access to your demo account.
Note that clients from the UK cannot use the Vantage FX app.
MetaTrader 4
MetaTrader 4 is the most popular platform for trading forex in the world, so our reviewers were pleased to see that it is an option. Vantage FX uses a custom-made oneZero MT4 Bridge for a powerful connection to the deep liquidity pools of the broker. You can view as many as nine timeframes with MT4.
MetaTrader 4 for Vantage FX supports Expert Advisors, which can help with automated trading and receiving suggestions from experts. Those who use this automated trading will appreciate the 99.99% uptime for added stability. The platform also supports trading signals, with access to over 3,200 of them.
MetaTrader 4 is available for desktop, mobile, and web, across nearly all device types – 13 platforms and devices in total.
MetaTrader 5
MetaTrader 5 is a popular option for more experienced Vantage FX clients as it is a next-gen platform. You can use it to view as many as 21 timeframes and three chart types. Like MT4, MT5 is available across almost all devices and platforms.
In addition to supporting Expert Advisors, MetaTrader 5 supports advanced EA backtesting algorithms to help you choose which ones to use. You can also use trading signals, either the thousands created by professionals, or the ones you create with the MQL5 programming language.
WebTrader
WebTrader is the web-based version of MetaTrader 4 and MetaTrader 5. It provides you with access to all the features of those platforms, and your Vantage FX account, without requiring a download. WebTrader gives you access to 30 indicators, nine timeframes, and 24 technical analysis tools. It is compatible with more than five browsers, including Opera, Safari, Edge, Firefox, and Chrome.
ZuluTrade
Those interested in social trading will want to review the Vantage FX forex broker’s compatibility with ZuluTrade. This social trading platform lets you view professional traders and choose who to follow, copying their trades to reduce the effort you need to put in.
ZuluTrade has more than 10,000 professional traders for you to copy, which you can sort via ZuluRank. This is a proprietary algorithm to evaluate performance. There is also an account management suite that allows for customization and advanced risk management. ZuluGuard protects you from volatile trading strategies too. The platform also features portfolio backtesting.
Myfxbook
Myfxbook is another social trading platform supported by Vantage FX. The Myfxbook AutoTrade service mirrors accounts, letting you copy the trades of top systems. You can choose from more than 90,000 forex systems, and you’ll also have the ability to customize and manage the copied trades. It only takes 30 seconds to connect your Vantage FX account and get started.
What is the execution policy at Vantage FX?
The execution policy depends on the account type at Vantage FX. As the names imply, Standard STP accounts follow an STP policy, while RAW ECN and PRO ECN accounts follow an ECN policy. Both UK account types offer ECN pricing.
Vantage FX operates using Market Execution. This can lead to some slippage, both negative and positive. To help reduce slippage, Vantage FX has a network of data centers and servers to deliver ultra-fast execution, with six trading servers in various countries. Some of this comes from the oneZero MT4 Bridge, which is a next-gen price aggregator that has a bandwidth of up to 100GB/s. To further promote that ultra-fast execution, the oneZero Bridge uses processors with up to 3.2GHz of frequency and 18 core speed processing.
Vantage FX markets and products
In various locations, Vantage FX indicates that it offers more than 300 instruments for trading, including on the pages dedicated to specific platforms. However, this number may reduce depending on which entity of the broker you’re trading with, your account type, and your chosen trading platform. Although this is slightly disappointing, our review of Vantage FX forex broker appreciates the number and variety of stock CFDs available, including from multiple countries around the globe.
Instrument | Number |
---|---|
Currency Pairs | |
Commodities | |
Precious Metals | |
Indices | |
Stocks and Shares | |
Cryptocurrencies | |
Options | |
ETFs |
Currency pairs
When you trade with Vantage FX, you have access to over 40 currency pairs, along with spreads as low as 0.0 pips on RAW ECN accounts and leverage as high as 500:1 across account types. UK traders are offered 24 currency pairs, yet this still includes majors, minors, and exotics.
For transparency, you can view the full list of available forex pairs and their minimum spreads on the Forex page of the Products section. While some brokers offer a greater number of forex pairs, our Vantage FX review team found that the broker has more than enough variety to allow for a diversified trading strategy and portfolio.
Commodities
The commodities available as a Vantage FX client include energies and soft commodities. Trading energy gives you a leverage of up to 100:1 for oil and 20:1 for natural gas. You can even trade oil with zero monthly rollover fees. There is a range of energy commodities available for trading, including Natural Gas Cash, Gasoline Cash, Low Sulphur Gasoil Cash, West Taxes Crude Oil Cash, West Taxes Crude Oil Future, and Brent Crude Oil Cash. Many of these are available for trading 24/5.
For further portfolio diversification, Vantage FX also offers five soft commodities. You can enjoy leverage of up to 50:1 on coffee, 50:1 on cocoa, 33:1 on cotton, 33:1 on orange juice, and 33:1 on sugar.
Unfortunately, UK clients cannot trade commodities with Vantage FX.
Precious metals
Vantage FX provides access to five precious metals with varying leverage and the ability to trade gold without commission. Silver can have a leverage of up to 100:1, while copper can be up to 20:1. Conveniently, you can trade FX Spots with USD or AUD, including XAU and XAG for each. There is also the ability to trade Copper-C. All three precious metals and five pairs are available for trading 24/5.
UK clients will only have access to GOLD. The good news is that this is the most popular precious metal for trading, as it provides you with a safe haven in times of market volatility.
Indices
Trading indices with Vantage FX takes advantage of its oneZero MT4 Bridge for the fastest execution speeds. The broker provides access to 15 major stock markets (4 for UK clients), including some of the most liquid in the world. Leverage on indices can be up to 200:1, and you can use indices to hedge your forex risk. As indices are traded as contracts for difference, you can go long or short with your trades.
The selection of Vantage FX indices provides numerous diversification options as you can access the markets of Australia, China, Germany, the United States, Spain, the EU, France, the United Kingdom, Hong Kong, and Japan as well as the Cboe Futures Exchange’s Volatility Index Future.
Stocks and shares
The ability to trade share CFDs with Vantage FX provides plenty of opportunities for diversification, thanks to the global market access. As a UK client you can trade 8 share CFDs (including big brands like Microsoft and IBM), whilst as an international client you can over 100.
In terms of US Share CFDs, international clients can trade 50 of the largest companies in the country from just $6 per trade and with a leverage of up to 20:1. These include the biggest names, such as Apple, Google, Visa, Walmart, and Wells Fargo. Hong Kong Share CFDs provide access to 50 of the biggest companies in Hong Kong and China. They also have leverage of up to 20:1 and commissions from HK$50 per order.
Both US and Hong Kong Share CFDs are available on MT4 or MT5, but those who use MT5 with Vantage FX can also trade more than 70 UK and EU shares with leverage of up to 20:1. Trade long or short and commissions start at just €10 per trade. The inclusion of European share CFDs gives you access to stocks from Euronext Lisbon, Euronext Amsterdam, Euronext Paris, BME Spanish Exchanges, and XETRA.
To round out the share CFDs, you can also trade Australian share CFDs on MT5, with access to more than 50 companies, also with 20:1 leverage and the ability to trade long or short. Commissions start at just $8 per trade.
Social Trading
Vantage FX offers social trading via ZuluTrade and Myfxbook AutoTrade. Both of these are compatible with your account type and excellent options for beginners or anyone who is short on time. The inclusion of social trading allows you to choose a professional trader that you trust and eliminate the need to complete as much research and analysis yourself.
Vantage FX research tools
Our reviewers were happy to find that Vantage FX offers a wide range of research and analysis tools. There is a Smart Trader Tools Package with an alarm manager, correlation matrix, correlation trader, Excel RTD link, market manager, mini terminal, sentiment trader, session map, and trade terminal. The broker also offers an impressive suite of Pro Trader Tools, such as Market Buzz, Featured Ideas, Economic Calendar, and Analyst Views. This suite is free to traders with a minimum balance of $10,000.
Research Tools | |
---|---|
News (from top-tier sources) | N |
Trading Signals and Indicators | N |
Trade Ideas | N |
Expert Analysis | N |
Autochartist Tools | N |
Sentiment Charts | N |
Economic Calendar | N |
News
Market news feeds are incorporated into the primary trading platforms, letting you review Vantage FX instruments and news in one place. This type of news feed is found on the MetaTrader platforms as well as the Vantage FX application.
Additionally, those who access Pro Trader Tools from Vantage FX can utilize market Buzz, which is a next-generation AI market news system. It covers news on more than 35,000 tradable assets. It includes a buzz meter to show social media and news volume on assets and topic rankings.
Trading signals and indicators
If you trade at Vantage FX via MT4, MT5, or WebTrader, you’ll have easy access to trading signals and Expert Advisors.
For those using Expert Advisors, trading signals, or other forms of automated trading, Vantage FX also offers a free forex VPS. This is open to all clients, provided that you have a minimum balance of $1,000 in your account.
Trade ideas
Featured Ideas is one of the Pro Trader Tools that our Vantage FX broker review team was particularly impressed with. We encourage you to maintain a balance of $1,000, so you can access this suite for free. Featured Ideas gives you access to fundamental and technical trade ideas that are based on back-tested strategies. The feature includes custom filters, an educational component, and real-time trades.
Expert analysis
Expert analysis from Vantage FX is yet another important feature in the Pro Trader Tools suite. It provides you with technical analysis, based on expertise and quantitative technology. The clear key levels and trend lines also make it easy to act on the live trading advice.
Autochartist tools
Our Vantage FX broker review team was also happy to find that, since 2001, Vantage FX has provided all live accounts with the PowerStats toolkit from Autochartist. This gives you even more trading tips and research material. Note, however, that UK clients are not offered this feature.
Vantage FX education and training
Our review of Vantage FX finds that this broker provides enough educational materials for most beginner traders, yet you may want to seek additional information from another source if you are a more experienced trader. The platform tutorial videos make it easy to get started, however, and there are educational articles to help you grow.
Educational Features | |
---|---|
Demo Account | N |
Platform Tutorial Videos | N |
Educational PDFs | N |
Live Webinars | N |
YouTube Videos | N |
Trading Academy | N |
Trading Glossary | N |
Platform tutorial videos
You can find tutorial videos for the Vantage FX platforms in the educational area. The videos primarily focus on the MT4 platform. Due to the similarities across all platforms offered by Vantage FX, however, that should be enough to help you use any of the broker’s platforms.
There are also written tutorials of the platforms for those who learn better by reading. These include step-by-step written instructions for installation and a basic overview.
There are also convenient tutorial videos to help you use the various SmartTrader Tools.
Educational PDFs
Instead of traditional educational PDFs that you can download and view offline, Vantage FX opts to include numerous educational articles throughout the website. In the Education Center, you will find articles divided into three categories. Each of these has numerous sub-categories so that you can find what you’re looking for easily.
The Forex Market Overview features four sub-categories with a total of 17 articles. Forex Market Analysis includes three sub-categories and 17 articles in total. Forex Trading Psychology features one sub-category and three articles.
Vantage FX customer support
As part of our Vantage FX review, we tested all customer support contact methods. We found that the multiple channels give comprehensive and convenient coverage so that you’re never stuck without help. You can contact support via live chat, phone, or email, and the broker does its best to get back to you within 24 hours. There are also specific support numbers for various regions, which is greatly appreciated.
- FAQ section
- Support via phone, email, live chat
- Country-specific phone numbers
- Country-specific email addresses
- Quick response time
- 24/5 support
- FAQ section is somewhat limited
Our review of the Vantage FX forex broker assures you that you can contact the broker via the following methods:
- Live chat
- Email: [email protected], [email protected] (UK clients),
- Phone: +442080363883, +442070435050 (UK clients), 1300 945 517 (Australian clients)
- Fax: +61 2 9279 2652
There are separate customer support numbers for queries that require immediate responses, including those specific to the UK, China, and Canada, as well as an international number. The response time for emails and phones to the main number starting with +44 is 24 hours, although it is frequently quicker than this.
Additionally, there are separate support emails and phone numbers for clients who are onboarded via the UK or Australian websites. In the UK, you can also request a call back so that you aren’t waiting for an agent.
The live chat feature is available 24/5 and our review team found this was the fastest way of getting in touch with Vantage FX. All agents we spoke to were both prompt and knowledgeable.
Vantage FX mobile compatibility
As you review Vantage FX for yourself, you will appreciate its mobile compatibility. The Vantage FX application works with both iOS and Android devices and lets you easily trade on the go without missing any main features. You can also trade with ease via the MetaTrader apps.
The broker’s website is also well optimized for mobile devices, and you can enjoy full functionality from the smaller screen. This means you can make deposits, check your account details, and even register with the broker whilst on the go.
Vantage FX – Our verdict
After completing our careful Vantage FX review, we can confidently recommend this broker. There is a nice selection of instruments to choose from, spanning the main asset classes. Unfortunately, however, we found that this offering wasn’t so generous via the UK arm of the brand.
The broker’s regulation by CIMA, FCA, and ASIC provides peace of mind, as does its use of a top-tier bank for storing client funds in segregated accounts. We appreciate the various pricing structures, as this allows you to choose to trade with or without commissions, depending on which appeals most to you.
Beginners will benefit from the educational materials and platform tutorial videos, as well as the availability of social trading, while advanced traders will appreciate the vast range of free research tools.
With our review of Vantage FX forex broker in mind, you should be able to confidently open an account and start trading with the broker right away.
Final Summary | |
---|---|
Minimum Deposit (USD) | |
Licenses | |
Max. Leverage | |
Client Protection | N |
Broker Type | |
Number of Instruments | |
Currency Pairs | |
Stocks | |
Cryptocurrencies | |
CFDs | N |
Proprietary Trading Platform | N |
MT 4 | N |
MT 5 | N |
Mobile Compatible | N |
Research Tools | N |
Educational Materials | N |
Payment Methods | |
24/5 Customer Support | N |
Live Chat | N |
*Maximum deposit of £2,000 for UK clients
**Maximum leverage of 200:1 for UK clients
Vantage FX information
- Year Founded: 2009
- Company Trading Names: Vantage International Group Limited, Vantage Global Prime Pty Ltd, Vantage Global Prime LLP
- Licenses: CIMA, FCA, ASIC
- Headquarters Address: Level 4, 42 N Church St, George Town, Cayman Islands
- Phone Number: +442080363883
- Facebook: https://www.facebook.com/VantageFXBroker
- Twitter: http://twitter.com/vantagefx
Risk Disclaimer: Vantage FX offers CFD products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 30.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our methodology: This review of Vantage FX has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.
We update our methodology and reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.
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Frequently asked questions (FAQ)
Yes, Vantage FX is regulated by CIMA, FCA, and ASIC, which are regulatory bodies from the Cayman Islands, the UK, and Australia, respectively. As part of this regulation, the broker stores client funds in segregated accounts and prides itself on offering a high level of transparency.
No, Vantage FX is not a scam. The company offers highly reputable brokerage services, thanks to its regulation by three top tier authorities, number of awards and honors, and longevity. Moreover, the broker provides you with various risk management tools and investor compensation (in some jurisdictions).
The minimum deposit at Vantage FX is $200, for international clients. International and Australian clients can open Standard accounts with just $200, RAW ECN with $500, and PRO ECN with $20,000. UK clients, on the other hand, must meet an initial deposit requirement of £2,000, no matter which account type they select. You can also open demo accounts without having to fund your account.
ECN accounts at Vantage FX charge commissions, but Standard STP accounts do not. The commission for RAW ECN accounts is $3 per lot per side, which drops to $2 per lot per side for PRO ECN accounts, all of which are competitive figures. In the UK, only Vantage Prime Pro account holders are charged commissions, and these start at £1.50 per 100k traded.
Vantage FX offers three account types; Standard, RAW ECN, and PRO ECN. Vantage Global Prime, the UK arm of the broker, offers two account types; Vantage Prime and Vantage Prime Pro. All account types provide access to all available instruments and platforms. There are also demo and Islamic accounts.