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Vantage FX Review – Top Key Points 2021
Vantage FX Review 2021 Overview
Vantage FX is a popular global forex and CFD broker based in Australia and regulated by top-tier financial authorities. It offers a minimal selection of tradeable instruments, just over 300+ instruments in 6 different classes from FX pairs, Indices, Commodities, and Share CFDs. Forex market remains the main focus and fewer other popular instruments from stocks indices, shares, gold & silver. Vantage FX Forex trading cost is highly competitive but CFD trading cost is slightly higher than the industry average. It provides brilliant research tools and educational materials. Although Vantage FX doesn’t feature any proprietary trading platform it gives access to the full MetaTrader suite with additional indicators to compensate for the lack and outperform its rivals. Not to mention its social trading advantage with multiple third-party copy/social trading platforms helped to increase its acceptability among new traders.
Top Key Points for Vantage FX in 2021
Vantage FX is a trusted brokerage firm. Founded in 2009, holds 11+ years of financial market good records. Here are our top key points on Vantage FX:
Licensed and authorized by two tier-1 jurisdictions (FCA, ASIC), and 1 tier-3 jurisdiction.
Currently offering 44 currency pairs including majors, minors
Forex trading cost is highly competitive in the industry
Most deposit and withdrawal options are free of charge, multiple social trading platforms, and a proprietary mobile app
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Vantage FX is safe or a scam?
Vantage FX is a globally regulated broker, licensed and authorized by two tier-1 jurisdictions (FCA, ASIC), and 1 tier-3 jurisdiction which consider an average risk broker. It’s a comparably new broker founded in 2009 and has more than a decade of experience in the financial market. Vantage FX starts its journey as MXT Global in 2015. Primarily regulated by the Cayman Islands Monetary Authority (CIMA). In order to increase their credibility and gain acceptance among traders, they took authorization from the Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC), and in the UK from Financial Conduct Authority (FCA), which allowed Vantage FX to offer a more secure, secure, and user-friendly trading environment.
Another benefit of FCA-regulated brokers is, they also a member of the Financial Services Compensation Scheme (FSCS), under this scam up to £ 85,000 clients’ funds are protected, which means if anything goes wrong with these brokers traders will get up to £ 85,000 compensation funds. Vantage FX operates in Europe under CySEC regulation which is compliant with the EU’s Anti-Money Laundering Directive, where up to € 20,000 clients’ funds are protected under The Investor Compensation Fund (CIF). Vantage FX is not a publicly traded company and does not operate a bank. On top of that Vantage FX provides negative balance protection and clients ‘money is kept in a segregated double A-rated Australian bank account. Never uses clients’ money for its own business activity due to regulations. In the last 12 years, they have achieved a good reputation from the traders.
PROS:
+
- Founded in 2009, serving clients worldwide with a wonderful reputation for more than a decade
- Regulated by the two strictest regulatory institutions
- Negative balance protection
- Most deposit and withdrawals methods are free
- Forex Trading cost is lower
CONS:
- Compensation fund available only for European clients
- Less tradeable instruments
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Vantage FX Review : Vantage FX licenses
Vantage FX broker licensed globally from multiple regulatory institutions. Regulatory institutions as follow:
- Vantage FX is regulated by ASIC, the Australian Securities and Investments Commission, AFSL no. 428901 and is located at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia.
Email: support@vantagefx.com.au - Vantage FX is regulated by (FCA) the Financial Conduct Authority, FRN: 590299, and is registered at 7 Bell Yard, London, England, WC2A 2JR (Company No. OC376560).
For clients who onboarded via www.vantageglobalprime.co.uk
Email: support@vantageprime.co.uk - Vantage FX is regulated by the CIMA (Cayman Islands Monetary Authority), & SIBL (Securities Investment Business Law). License number 1383491 and is registered at Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111.
Email: support@vantagefx.com - Vantage FX is regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271) and is registered at iCount Building, Kumul Highway, Port Vila, Vanuatu.
Email: support@vantagefx.com
Trading Instrument available at Vantage FX broker
Vantage FX is a Forex and CFD broker offering commodities trading, stock indices, share CFDs. It doesn’t offer other popular assets like Real stocks or ETFs. Just over 300 tradeable instruments which considered a limited selection compared to market leaders like XM Group, CMC Markets, or SAXO Bank, each of them offers more than 10,000 instruments in different assets. Although forex trading cost is slightly lower it offers only 44 forex pairs including major, minor, exotic pairs with up to 1:500 leverage, but those who are looking for cross-asset diversification may be disappointed. Account base currencies are (AUD, USD, GBP, UR, SGD, CAD, NZD, JPY, HKD).
Please note: MetaTrader5 platform features more stock CFDs.
The following table summarizes the different Instrument available at Vantage FX broker:
| Features | Vantage FX |
|---|---|
| Total Instruments | 300+ |
| Copy Trading | Yes |
| Cryptocurrency | No |
| Cryptocurrency (CFD) | No |
| Forex Pairs | 44 |
| Energy Commodity | 6 |
| Cryptocurrencies | Bitcoin, Bitcoin cash, Ethereum, Litecoin, Ripple, and Dashcoin |
| Precious Metals | gold, silver & copper |
| Stocks CFD | 210 |
| Commodity CFD | 16 |
Commissions and Fees
Trading Cost: Vantage FX offers both commission-based and commission-free trading opportunities. Three different account types are available Standard STP, RAW ECN, PRO ECN account. where the Standard account is commission-free and operates under the market maker model with minimum spread listed at 1.4 pips in EUR/USD pair. RAW and PRO accounts operate under the NDD model, where spreads are highly competitive starts from 0.0 pips and a small commission of $3 and $2 lot per side, respectively. RAW account can be accessed by depositing only $500, and to access PRO account you need a minimum of $20,000 deposit. RAW and PRO ECN accounts have a significantly better advantage over the Standard account. PRO ECN account only for professionals traders with huge equity, and for average traders we prefer RAW account type.
Overall Vantage FX provides competitive forex trading fees but overnight fees and share CFD fees are relatively high, Luckily Vantage FX doesn’t charge any inactivity fees. It does feature an active trader program but only for the standard account type which contains the highest spreads among all account types.
Standard accounts: Standard account type is commission-free but contains the highest spreads among all account types. Spreads start from at 1.4 pips in EUR/USD pair and higher spreads at minor and exotic pairs. You can get enjoy standard account features by depositing a minimum of $200. The standard account type is tailored for newbie traders who want simple, direct market access with no commissions.
RAW ECN: RAW account is designed for the experienced trader as it has a tight spread that starts from 0.0 pips and a commission of $3.00 per lot per side ($6 round turn). You can get access to RAW account by depositing a minimum of $500.
PRO ECN account: The PRO ECN account offers the most competitive pricing among all three account types. Spreads start from 0.0 pips and a commission of $2.00 per lot per side ($4 round turn). To get access to the PRO account features you have to deposit at least $20,000 on your account. PRO ECN is great for professional traders who need deep liquidity and sharp spreads.
| Features | Classic | Pro | VIP |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | $0 |
| Minimum Balance | $0 | $0 | $50000 |
| Average Spread at EUR/USD | 1.6 pips | 0.0 pips | 0.0 pips |
| Rebate program | Yes | Yes | Yes |
| Max Leverage | 1:500 | 1:500 | 1:500 |
| Minimum Balance | Zero Commissions | 2 per side/ standard lot | 1 per side/ standard lot |
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Vantage FX: Rebate Program
Vantage FX provides rebates (pricing discounts) to its active traders (trade high volume qualify as professionals under Vantage FX rules), but only for the standard account type. Rebate starting at $2 per standard lot when you traded for a $10,000 account and you can get up to $8 per standard lot if you trade $300,000 or more in a month.
Please Note: Standard account contains the highest spreads among all account types which makes it unattractive. However, Vantage FX active trader rebates do not compete with pricing leaders XM Group or Saxo Bank.
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Deposit and withdrawal fees
Most deposits and withdrawals methods are free of charge. Multiple payment methods are available for funding and withdrawal.
Different deposit methods offered by Vantage FX:
- Bank Wire Transfer
- Credit/Debit Cards, MasterCard, Visa
- E-wallets: Skrill, Neteller, Sticpay, fasapay, QIWI, Union pay, Nganluong.vn, and Webmoney
Vantage FX minimum deposit
Vantage FX minimum deposit is $200 in USD or equivalent amount in the base currency.
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Trading Platforms and Tools available at Vantage FX
Vantage FX doesn’t feature any proprietary trading platform for pc devices. However, It provides full MetaTrader suite, either you can download it and install it on your device or you can use the web platform without installing directly from the browser. Multiple order types, advanced charting systems, and powerful indicators help traders to enhance trading activities and reach the trading goal.
MetaTrader add-ons: To fill up proprietary platform lack and outperform the rivals Vantage FX provides SmartTrader Tools from FX Blue LLP.
WebTrader: Webtrader powered by MetaTrader, the platform user interface looks and feels outdated, you can change the size and position of tabs. We also feel the lack of two-step authentication secure login.
Copy-trading: Copytrading or social trading is becoming very popular day by day. They don’t have an integrated solution for copy trading. They provide copy trading services through third-party monitoring services like Myfxbook, ZuluTrade, DupliTrade. Using these services allows you to view the trading strategies of the experts and the verified history of their trading results and easily copy the expert of your choice.
| Features | Vantage FX |
|---|---|
| Proprietary Platform | Yes (only mobile) |
| MT4 | Yes |
| MT5 | Yes |
| cTrader | No |
| DupliTrade | Yes |
| ZuluTrade | Yes |
| NinjaTrade | No |
| Charting Indicators | 51 |
| Charting Drawing tools | 31 |
| Copy/social Trading | Yes |
| Demo Account | Yes |
Attention: No fees for Deposit and Withdrawal also spread is highly competitive in the XM broker. Read our detailed review about the XM broker. Click Here.
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Vantage FX Mobile App
Vantage FX offers a proprietary Vantage FX App and also supports the MetaTrader app. So if you used MetaTrader previously and feel comfortable with MetaTrader you can use it or you can try its proprietary mobile trading app which is available for iOS and Android platforms.
Vantage FX App: You can access almost all features Vantage FX has to offer. The all-in-one mobile trading app also features fast account opening and has in-built funds management for easy deposits and withdrawals. It’s packed full of features such as order management, custom market watchlists, trading signals by Trading Central, alerts, news calendar, and more. Vantage FX App offers traders seamless technical charting with popular technical indicators such as Moving Averages, Bollinger Bands, MACD, 9 timeframes.
However, Vantage FX App is far away from the proprietary mobile apps offered by competitors such as IG Markets or Saxo Bank.
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Vantage FX provides research tools from the combination of in-house and third parties resources. they have a wide range of versatile technical analysis tools that helps traders to speculate next market moves and take the best trade. Especially smart trader tools like Alarm Manager, Correlation Matrix, Excel RTD Link, Correlation Trader. Also, Forex Sentimental Indicators to predict the bullish and bearish sentiment of the market. Publish daily market updates in the market news section.
Free VPS service: To get free forex VPS access you need to have a minimum balance of $1000.
| Features | Vantage FX |
|---|---|
| Market Insights | Yes |
| News | Yes |
| Trading Signals | Yes |
| Autochartist | No |
| Copy Trading | Yes |
| Forex calculators | Yes |
| Economic Calendar | Yes |
Vantage FX Review: Education
Vantage FX provides Basic level educational materials for free, resources like webinars and great video tutorials on various assets and trading platforms tutorials. However, Vantage FX educational resources don’t stand out with market leaders like XM, or CMC Markets. XM group publishes tons of market insights and educational resources.
Pro Trader Tools: To access Pro Trader Tools, you need a minimum balance of $1000. Pro trader tools give you access to the premium set of trading tools and gain exclusive insights into markets updates, as well as technical trade setups and real-time and macro-economic news events.
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Overall, Vantage FX is an average trusted broker regulated by 2 top-tier financial institutions, offering highly competitive trading costs. Opening an account is a simple process and deposit/withdrawal processes mostly free. Offering MetaTrader suite with additional add-ons. Partnered with Zulutrade, and DupliTrade helps newbie traders to follow experts and make passive income. The bottom line is Vantage FX could be a good choice for traders who is happy with limited tradeable instruments, for advanced trader there many other better choice available like XM, or Saxo Bank as their wide range of instruments and rich educational resources will satisfy most beginners and advanced traders.
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