Reviews of the best Forex brokers on the market.

Vantage FX

Vantage FX Review

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Review of: Vantage FX

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Rating:
5

Summary:

It is easy to understand why Australian broker Vantage FX is considered to be one of the best internationally being recognized with several accolades including Best Forex Execution (Asia Pacific IB Times Trading Awards), Best Forex Broker & Forex Execution House – South East Asia (The DealMakers Annual Banking Awards) and Best Forex Broker Australasia (World Finance Foreign Exchange Awards) just this year alone.

It is easy to understand why Australian broker Vantage FX is considered to be one of the best internationally being recognized with several accolades including Best Forex Execution (Asia Pacific IB Times Trading Awards), Best Forex Broker & Forex Execution House – South East Asia (The DealMakers Annual Banking Awards) and Best Forex Broker Australasia (World Finance Foreign Exchange Awards) just this year alone.
  • MetaTrader 4
  • Copy Trading
  • Live Support
  • Islamic Account
  • US Traders

Vantage FX Review

Vantage FX established in 2009, provides online Forex trading capabilities to retail, high-net worth and institutional clients globally. Vantage FX is a Corporate Authorised Representative of Enfinium Pty Ltd (AFSL No. 322081) and regulated by Australian Securities and Investments Commission (ASIC). Vantage FX has an office in London offering EU clients a local office experience fully regulated by the FSA in the United Kingdom.

Key Vantage FX Features

The Australian broker aims to continually provide a client-friendly and interactive Forex experience which can be seen through their key feature offerings. Vantage FX aim to offer traders a ‘one-stop’ Forex destination point with an array of trading platforms, educational resources and partnership deals with other Financial Service providers like Autochartist and Firepips.

The following key reasons make trading with Vantage FX beneficial:

  • Forex, Indices and Commodities trading 24 hours a day, plus Binary Options available directly within the MetaTrader 4 interface
  • Wide range of trading platforms available, including MetaTrader 4, a custom-built MetaTrader 4 for Mac platform, MetaTrader 5 and a WebTrader Platform
  • 24 hour support from a team of qualified experts 5 days a week
  • A large range of educational resources including daily Market Wraps, video tutorials, free guides and free forex webinars
  • Official partnerships with FX Copy, MYFX Trading Platform, Forex Strategy Builder
  • Trading tools including free access to Autochartist, Firepips, Forex Strategy Builder & Trader and multiple VPS solutions
  • Client rewards programs with kickbacks, reward prizes and referral programs

Vantage FX Weak Points

The disadvantage with Vantage FX comes in that products and services are not offered to US citizens or residents. Canadian traders are able to open accounts with Vantage FX. Also, the Aussie broker only offers 32 currency pairs rather than the 60 or more that most other brokers offer.

Vantage FX Trading Accounts

Vantage FX offers three different trading accounts to match varying trader experience and goals.

  • 30 day Demo Account

Vantage FX offer free Demo Accounts across all platforms, including MT4 and MT5, with both providing a real-time replica of the live trading environment. The demo account is ideal for those new to forex trading and those new to the trading platforms.

Download a free demo account here.

 

All demo accounts give you easy access options to move to a live account and access to their customer service team.

This account will give you an overview of trading conditions, introduce you to trading platforms and will allow you to start trading with zero risk involved.

  • Standard Live Account

For those ready for live trading, this is where traders can gain the full benefits of trading with Vantage FX. Standard live accounts see such benefits as free signals, low spreads from 0.5 pips, leverage up to 500:1, No Dealing Desk (NDD) execution and various other peace-of-mind service offerings.

  • Pro Live Account

For the experienced trader with larger investment amounts, Vantage FX also offers a Pro Live account with great features in addition to their already competitive offerings. Pro Live traders are connected to institutional grade spreads and global banks for direct access to increased liquidity, greater market depth, pricing transparency, faster execution and low spreads and commissions.

Pro Live accounts require a minimum $5,000 deposit.

Vantage FX Bonus Conditions

Traders who set up a Live Account with Vantage FX with an initial deposit of $1,000, $2,000 or $3,000 will receive a 10% cash bonus.

The conditions for Vantage FX’s bonus are as follows:

  • The 10% cash bonus is capped at a maximum of $300
  • The cash bonus can be withdrawn at any point in time after 90 days, provided you have traded a minimum of 60 lots on currency pairs

Vantage FX Trading Platforms

Vantage FX has a variety of platforms to suit every type of trader on a variety of digital spaces. Vantage FX’s trading platforms include:

  • MetaTrader 4 (MT4)

The most popular trading platform that is easy-to-use complete with Expert Advisors, chart packages, and more. Vantage FX have added various additional features on top of MetaQuotes’ original build of MT4. These include one-click trading direct from charts, and advanced control panel, additional custom indicators, and, in a world-first – Binary Options trading.

VantageFX - MetaTrader4

  • MetaTrader 5 (MT5)

Vantage FX is the first, and only Australian regulated broker offering MT5 live to traders. Designed to service trading customers in Forex, CFD, and futures and equity markets, the platform functions are separated with a split in the trade server, access server, history and backup server providing new organization, reliability and performance.

  • WebTrader Platform

A web based platform which connects directly to Vantage FX traders’ MT4 accounts. The key benefit of the WebTrader platform is that it requires no download, meaning traders can access their trading account from any browser on any computer. The current version is newly improved and has improved connectivity, and advanced customization abilities.

  • MT4 for Mac

Through Vantage FX’s proprietary technology traders can trade on MT4 with the same functionality as they normally would if they were using a PC. This is not an add-on or a plug-in, it is a custom-built platform, best of all, unlike other MT4 for Mac solutions, it’s completely free.

  • Mobile Trading Platforms

Vantage FX provides their clients with mobile MT4 access through Forex on the Go Technology for both Apple iPhone and Android users.

  • FX Copy

Vantage FX is partnered with new Social Trading platform FX Copy. FX Copy is a free social trading network directly connected to MT4 which allows traders to interact, follow, learn and copy other top traders.

MarketTrader is not as popular as MetaTrader 4, however it is not worse. The main disadvantage of MarketTrader is that it does not support Expert Advisors. Among MarketTrader advantages, a flexible and one-click drag-and-drop interface is the most important. Also, this software provides you with the full set of analytical tools.

Vantage FX Trading Conditions

  • Forex

  • Leverage up to 500:1 on all of its 32 currency pairs
  • Low competitive spreads, starting from 0.4 pips
  • Minimum trading size is 0.01 lot

  • CFD

  • Commodities available include Gold, Silver, Crude Oil, DAX30, SP500, FTSE100, DJ30, SPI200 and the Nikkei 225
  • CFD instruments have Low Margins from 1%, Competitive Spreads (from 1 pip on SPI 200), No brokerage fees or commissions, Flexible contract sizes, No dealing desk
  • Spot gold and silver trading takes place on a 24 hour basis, with only a brief cessation during which the market closes from 17:15 Eastern Time to 18:00 Eastern Time (09:15 – 10:00 Australian Eastern Standard Time)
  • Trading for crude oil is from 18:00 Eastern Time to 17:15 Eastern Time (09:15 – 10:00 Australian Eastern Standard Time)

Vantage FX Deposits and Withdrawals Methods

Deposit methods: Domestic Bank wire transfer, BPay (AUS Only), Debit Card, Credit Card (AMEX, JCB, MC, Visa, Delta, VISA Electron), International Swift Transfer, Global Collect Network (Local Bank Deposit).

Withdrawal methods: Bank wire transfer

Vantage FX do not charge any internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract transfer fees from either party which are independent of Vantage FX.

A key advantage for international clients is Vantage FX’s local “Global Collect” payment network, which includes local bank accounts held in 59 countries. Clients can transfer funds to Vantage FX’s local bank accounts in their country, meaning the payment will be a local payment instead of an international one. This service dramatically minimizes transfer fees, and is provided free to all Vantage FX live account holders.

Vantage FX Support

Vantage FX’s qualified support team are available 24 hours, 5 days a week. Clients have customer support through:

  • Phone
  • Email
  • Live Chat

Vantage FX Review Summary

Vantage FX has gained formidable ground proving to be popular with new and experienced traders. Their many awards across a number of worldwide organizations clearly showcase the recognition for their superior offerings and customer service. With such varied platform and service offerings teamed up with partners that truly enhance the trading experience, it can easily be seen why Vantage FX are preferred among many.

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