The platforms it offers for FX trading include MT4 MetaTrader 4 and MT5 MetaTrader5. Clients of the Forex broker and bank are able to access not only Forex, but also Indices, Commodities, Share CFDs, and even Cryptocurrencies. In this review, we will focus on their globally acknowledged, highly secure, and safe Forex brokerage services and what they offer you as a trader.
Vantage FX does not reveal its specific founder. They do talk about a highly specialized group of founding people who had a strong combination of backgrounds in Forex, finance, and technology that launched the broker back in 2009. This group established this award-winning Forex firm to enable clients to chase their unique financial goals. The company boasts incredible execution speeds, potent trading platforms MetaTrader 4 and MetaTrader 5, and internationally recognized customer service.
Another passion for Vantage FX is its goal to make the often opaque industry of foreign exchange trading into a fully transparent business. This is why they pride themselves on promoting ethical practices and integrity in foreign exchange. They have succeeded in not only being a beacon of honesty in this largest market in the world (foreign currency) but also in delivering optimal access to worldwide Forex markets.
In short: it is NOT a scam. Vantage FX has a long and distinguished list of international awards they have received not only this past year but also dating back to 2011/2012. Here are some of their more impressive recent accolades:
They are also one of the leading Australian Forex outfits, subject to the international regulatory benchmark ASIC highest standards (Australian Securities and Investment Commission). On top of this, Vantage FX maintains all customer funds’ in fully segregated trust accounts at the NAB National Australian Bank, a Tier 1 capital institution. KPMG audits their operations and finances strictly. It all helps to explain the reasons why they were chosen as the “Financial Trading Services Provider of the Year” for 2017 by Finance Monthly.
Vantage FX is an internationally highly regarded Forex broker. While you can trade with them on MT4 or MT5 and access these exciting Forex and other financial markets, they do not provide continuous trade recommendations and advice. They do offer a number of helpful trading tools to guide you, but for actual trading advice you are either on your own or you will have to subscribe to a Forex trading service like Ultimate Profit Solutions (from legendary international Forex trader and multiple year FX world champion Toshko Raychev) or n Forex trading software package like Forex Trendy.
You have a number of respected international options for who to trade through in the worldwide FX markets. Choosing Vantage FX provides you with all of the following resources that we look at in more detail next.
Every broker will have to offer either its own proprietary trading platform or to work with one of the third party ones like NinjaTrader, TradeStation, or MetaTrader. Vantage FX opted for MetaTrader 4 and MetaTrader 5 as well as MarketTrader. A key advantage that the broker boasts about is its atypical support for both MT4 and MT5 on MAC operating systems. We look at these various Forex trading platforms here.
MetaTrader 4 and 5 Platforms
MetaTrader 4 was groundbreaking in its time, so much so that it is still beloved by legions of FX traders around the world. Vantage FX recognizes this and continues to promote it as a trading platform. The MetaTrader 5 next generation was rolled out by MetaQuotes Software with improved features. These include an expanded range of market orders as well as the capability of hedging market positions.
For web-based trading action, Vantage FX offers the MarketTrader platform. This HTML 5 trading platform provides direct financial market access to traders who prefer not to download and install trading software on their computer, laptop, tablet, or smart phone. With a MetaTrader 4 login credentials, you can use only your web browser to trade the FX and other financial markets.
Vantage FX is not content with only offering clients the MetaTrader 4, MetaTrader 5, and MarketTrader platforms. The company supports mobile trading app versions of MT4 and MT5. You can download either of these from either the Google Play Store or the Apple App Store (the choice of which comes down to the smartphone operating system). Once either of these mobile apps has been successfully installed to the smartphone, you are able to transfer funds, manage your account, and place trades from your smartphone screen.
One area that Vantage FX really goes above and beyond the call of duty for a Forex broker is in their suite of trading tools that they offer customers. This starts with a professionally set up News Terminal and extends to a host of analytical and charting features. These Vantage FX trading tools include all of the following:
Most Forex brokers would offer some form of education to increase the abilities of their traders. Vantage FX is no exception. They give you all of the following educational tools when you an open an account with them:
These educational tools, manuals, and videos teach not only basic but advanced trading concepts in Forex through the constantly growing foreign exchange trading educational library provided free to members.
No Forex trading platform or service is better than the customer service it delivers. Vantage FX realizes this with their focus on transparency in foreign exchange trading. They offer 24 hours customer service five days each week via live chat, email, and phone.
It is a refreshing change to see a trading platform that is not secretive about how things work in their operation. One of the things that we like most about Vantage FX is this commitment to honesty, openness, and transparency. Here we look at their different kinds of accounts, funding, and trades they make possible for members.
Vantage has four primary account types they offer. These include each of the following:
Funding these types of accounts is easy, fast, and convenient at Vantage FX. They allow for withdrawals and deposits using all of the following methods of funding:
A reoccurring theme that we really like with Vantage FX is that they seek to provide convenience and flexibility to their members.
Vantage offers members more than just Forex market trading. They also provide clients with trading access to market indices, precious metals. commodities, and cryptocurrencies via the CFD’s market. It means that when you open an account with Vantage, you have a great variety of options for your trading strategies.
A relatively unusual feature for a Forex broker that Vantage offers its members is account bonuses. There are many different types of these they offer, but the most impressive two are a deposit matching bonus of 50 percent for up to $500 and an 8.88 percent interest rate on overnight balances customers carry in the account. There are a number of restrictions that apply, and these greatly limit the usefulness of these bonuses though.
Vantage FX prides itself on what are among the most reasonable Forex spreads in the business. Members enjoy such spreads as .3 pips on EUR/USD, .2 pips on AUD/USD, .3 pips USD/JPY, .6 pips on GBP/USD, and .21 XAU/USD. The minimum deposit to become a member with Vantage FX is $200. This will open a live trading account with margin rates of up to 500:1.
If you are looking for a Forex brokerage that also delivers MetaTrader 4 and MT5 along with web-based and smart phone trading apps, then Vantage FX could be the Australian-based, award winning, international FX broker to choose. Their spreads are tight, their fees low, and their execution lightning fast and transparent. Vantage FX offers an extensive range of tools and videos mostly through the MT4 platform. The broker is not ideal for people looking for a straight trading service or a trade alerts program though.