In this VantageFX Review, we are going to take a look at the offer that this broker prepared for its traders. VantageFX is regulated by the ASIC in Australia and by the FCA in the UK. VantageFX operates on the financial market since 2009. When it comes to trading platforms, the broker features MetaTrader 5 and WebTrader and MetaTrader 4. The VantageFX minimum deposit is 200 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this VantageFX Review
| Website address: | vantagefx.com |
| Operated by: | Vantage Group |
| Licensed and authorised by regulatory bodies: | ASIC FCA CIMA |
| Supported languages: | English, German, Spanish, French, Italian and Portuguese |
| Customer support available via: | |
| Contact details: | [email protected] 61289992046 |
| Available deposit methods: | Bank transfer, VISA, MasterCard, BPAY, FasaPay, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay |
| Available withdrawal methods: | Bank transfer, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay |
| Minimum deposit: | 200 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,4 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (45), cryptocurrencies (5) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | MetaTrader 5 and WebTrader |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Social trading: | |
VantageFX Fees (typical spreads)
We have scanned fees (typical spreads) that VantageFX charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,4* | * | * | 0,3* | * |
*Typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. VantageFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Top1Markets, StarFinex, GHCTrade and DeltaFX
Frequently Asked Questions
🧐 Is VantageFX a Scam?
VantageFX is a broker licensed and regulated by the ASIC, FCA and CIMA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that VantageFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the VantageFX minimum deposit?
In order to start trading with VantageFX, you have to deposit at least 200 USD.
📵 What deposit and withdrawal methods VantageFX supports?
⚖️ Would you recommend me choosing VantageFX?
We don’t have our own personal experience with VantageFX. However, because the broker is regulated by the ASIC, FCA and CIMA, there is a high chance that it is not a scam. With that being said, it still does not mean that VantageFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
