Vantage FX is a Forex and CFD Broker that features on its trading platform CFDs on forex, indices, commodities, shares. The minimum spread is for EUR/USD 1.4 pips*, real trading is possible with the minimum deposit of $200. The Vantage FX website is available in English and Chinese.
Vantage Global Prime Pty Ltd (www.vantagefx.com.au) is authorised and licensed by the Australian ASIC. This particular company can, therefore, offer its services only to traders from Australia. Clients from other jurisdictions can, however, opt either for Vantage International Group Limited (www.vantagefx.com) – licensed in the Cayman Islands by the CIMA or for Vantage Global Prime LLP (www.vantageglobalprime.co.uk) that is licensed in the UK by the FCA.
vantagefx.com.au and vantagefx.com offer identical services, vantageglobalprime.co.uk has a completely different offer. Be aware that each license means that the broker has to follow different regulatory guidelines and that you and your funds are protected in a different way.
What do we cover in our Vantage FX Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.vantagefx.com.au
- Leverage: up to 1:500
- Instruments: CFDs – forex, indices, commodities, shares
- Minimum deposit: $200 (accounts held in $ AUD, $ USD, £ GBP, € EUR, $ SGD, ¥ JPY, $ NZD, $ CAD)
- Broker type: STP and ECN
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Bank transfer, Credit/Debit Cards (Visa and MasterCard), China Union Pay
Vantage FX Trading Platform
Vantage FX offers a wide range of trading platforms. First of all, there is the MT4 and MT5 and then there are ZuluTrade, Myfxbook and MAM / PAMM (Multi Account Manager Solution). MT4, as well as MT5, are popular platforms used not only for executing trades but also for analyzing financial markets and automated trading. ZuluTrade + Myfxbook allow you to follow and copy other traders that use this service and perform well. The trading broker gives access to a little over 120 trading instruments.
Vantage FX Spreads
As any other CFD broker, Vantage FX charges a spread fee. For the most current spread charges, please visit the vantagefx.com.au website. Here is a spread comparison table that contrasts Vantage FX spreads with popular industry competitors.
*Minimum spreads recorded on 30.05.2019 at 10:35 for the standard STP account. Spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Vantage FX.
Vantage FX Pros
- STP and ECN account types
- Tight spreads
Vantage FX Cons
- Low number of CFDs (no CFDs on cryptocurrencies)
- No e-wallet funding methods
- The subsidiary company licensed by the FCA has worse offer
To sum up the Vantage FX Review
Vantage Global Prime Pty Ltd adheres to strict regulatory guidelines of the ASIC. The broker offers a number of trading accounts so you can decide whether to have an STP account or ECN account. Spread that the company charges are quite attractive for all account types. I would like to see Vantage FX to also support some e-wallet payment methods (at least Skrill or Neteller) and a bigger number of CFDs (a few of them should be on cryptos, at least one on Bitcoin).
It is quite a shame, that traders from Europe who would want to have the same conditions as Australian traders have to opt for Vantage International Group Limited, which is licensed by the CIMA. This regulatory body, however, does not impose such strong investor protection as the FCA or CySEC.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with Vantage FX.
- CFD Trading vs ETF Trading – explained for dummies - January 26, 2021
- Best Brokers That Accept ITIN - December 20, 2020
- Top Hidden Factors Influencing Choosing a Bitcoin Exchange - December 3, 2020