Is Vantage FX Good?: The Review of Vantage FX Pros and Cons [Summary of Overview Information from Real Trading Experiences]

Important Details of Vantage FX
Broker Name Vantage FX
Website vantagefx.com
Year of Establishment 2009
Regulatory Organization SIBL, ASIC, FCA
Minimum Deposit $200
Deposit and Withdrawal Speed Deposit: 5 Minutes interval, Withdrawal: 1 Day 3 hours interval
Deposit and Withdrawal Rate  -1.99%
Leverage Maximum 1:500
Spread EURUSD 8, USDJPY 9, GBPUSD 9
Platform MT4, MT5, Webtrader

Vantage Fx is ranked 10th in The Best Forex Broker Ranking 2022

Vantage FX Information

Year of Establishment : 2009

Head Office

The location of Vantage FX’s Head Office is stated on its website to be in the Cayman Islands.

Address: Level 4, 42 N Church St, George Town, Cayman Islands

Actually, Vantage FX is just a subsidiary of its parent company, Vantage Prime Group, headquartered in Australia. Vantage FX’s Australian branch also uses this office as well.

Address: 29/31 Market St, Sydney NSW 2000

Trading Products

  • Forex:
  • Gold:
  • Petroleum:
  • Index:
  • Cryptocurrency:
  • Stock:
  • Other Commodities:
  • Bond: –

Broker type

Vantage FX is a No Dealing Desk (NDD) broker.

Bonus/Promotion

  • 50% Welcome Bonus: Receive a 50% bonus on the deposit amount. Able to receive a bonus of up to $10,000

Contact Details

   

Trading Platform

  • MT4 : Windows, Android, iOS and Linux
  • MT5 : Windows, Android, iOS and Linux
  • Webtrader
  • Vantage FX App

Vantage FX Review

vantage fx

Another broker from Australia with licenses from ASIC and FCA, which are the two very strict international standard regulatory organizations.

Spread fee on Raw ECN accounts is very low, supports various trading styles

Vantage FX has quite a number of bonuses and promotions.

Most importantly, Tradingview is available for free in the Pro version.

Advantages

Broker from Australia

Licensed by ASIC and FCA, the two international standard regulatory organizations that are considered very strict.

Raw ECN account low spread

Raw ECN account is ranked 4th in the ranking of the lowest Forex Brokers (Spread + Commission + Swap fees) (Click to see details).

Able to open unlimited accounts

You can open unlimited accounts, however a deposit is required.

Open and close orders quickly

Fast trading, opening and closing orders takes only 0.5 seconds.

Lots of bonuses and promotions
  • 15% welcome credit bonus
  • 50% deposit promotion
  • 7 days free swap
  • The more you trade, the more you rebate.
  • Trade More, Get More
  • TradingView: Use Tradingview in Pro version for free.
Live chat works 24 hours a day, Monday-Friday

The broker has Live chat support staff working 24 hours a day from Monday to Friday.

Disadvantages

Long wait for new account opening

It takes about 1-2 days to complete a new account opening.

Live chat comes in late to reply sometimes

The team had tried to ask in Live chat and it turned out to be waiting for about half an hour, and there was still no staff respond (Occasionally).

Is Vantage FX service fee high or low ? (SPREAD, COMMISSION, SWAP)

RAW ECN Account Type

The spread fee is quite low and the swap fee is moderate, overall, it is proper. In terms of service fees, it is considered good.

Sample Spread of Vantage FX: Standard STP and RAW ECN

Average spreads over 7 major currency pairs of Vantage FX

vantage-fx spread

Swap fee ​​over 7 major currency pairs of Vantage FX

vantage fx swap

Commission fee of each type of Vantage FX Raw ECN account

  • At 6 USD/Lot
  • The currency pair symbol ends with a “+”.

Is Vantage FX reliable and reputable ?

Brokers from Australia, acquiring both ASIC and FCA licenses, guarantee its reliability.

Year of Establishment : 2009

License Certificate (Regulator)

1. Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL)

CIMA Vantage Fx

2. Australian Securities and Investments Commission (ASIC)

3. Financial Conduct Authority (FCA)

Head Office

The location of Vantage FX’s Head Office is stated on its website to be in the Cayman Islands.

Address: Level 4, 42 N Church St, George Town, Cayman Islands

Actually, Vantage FX’s Australian is actually just a subsidiary of its parent company, Vantage Prime Group, headquartered in Australia. Vantage FX Australian branch also uses this office as well.

Address: 29/31 Market St, Sydney NSW 2000

Employee Number : 201-500 persons

(A total of 198 employees are active on LinkedIn)

Customer capital protection

Vantage FX has a policy to separate customers’ funds from the company’s account.

In which, customer’s funds are deposited to National Australia Bank (NAB), one of the four largest banks in Australia.

NAB Vantage fx

LIQUIDITY PARTNERS of Vantage Fx

To what extent is Vantage FX popular with traders around the world ?

Vantage FX is quite dominant in Trustpilot, while social media is considered to be at a low level.

Vantage FX Services

The team had sent inquiries via Facebook Messenger of Vantage FX broker and it appeared that the staff was very slow to respond. It is recommended to discuss via Live chat or Email.

Support staff, working 24 hours, 5 days from Monday to Friday.

*** Facebook Messenger is not recommended due to the very slow response. Support staff will not be available on Saturday and Sunday, and rarely look at the messages.

Live chat : vantagefx.com

Tel

Phone (International): +442080363883

Phone (U.K): +44 207 100 8625

Phone (China): 400-120-9301

Phone (Canada): 1-888-442-4106

Email

General : [email protected]

Accounting Department : [email protected]

Vantage FX Trading Experience

Recommend ECN account, overall service fee is lower than that of Standard account, server is quite stable, opening-closing of orders is fast, no delay.

Comments from our team

  • The speed of opening and closing orders is about 0.5 seconds.
  • It is relatively fast and not delayed.
  • Recommended account is ECN (Spread+Commission fee is lower than Standard account)
  • The minimum deposit is only 50 USD.
  • Able to trade currency pairs, index, commodities and stocks.

Vantage FX Conclusion

Vantage FX is not listed in The Best Forex Broker Ranking 2022

References

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

Leave a Reply

Your email address will not be published. Required fields are marked *