Vantage FX Review

Vantage FX
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  • Quality of Service
    Editor: 90%
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    Editor: 75%
  • Value for Money
    Editor: 80%

Vantage FX Review Summary:

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.

Vantage FX is an international Forex trading platform based in Australia. It has been providing online trading services since 2009. The Australian firm is a specialist in both Forex trading and also CFD products. This company takes immense pride in its transparency of market access.

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.

Who Is Behind Vantage FX?

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.

What is Vantage FX? Is it a Scam?

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.

What Vantage FX Is Not

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.

What You Will Receive With Vantage FX

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.

Vantage FX Trading Platforms

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.

MarketTrader Platform

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 Mobile Trading App

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.

Vantage FX Trading Tools

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:

  • MT4 Smart Trader ToolsMetaTrader 4 comes complete with a deluxe suite of tools for smart traders including Sentiment Trader, Market Manager, Correlation, Correlation Matrix, and Alarms
  • MT4 Trading Signals – The program issues trading signals that you can use in your own strategies
  • MT4 Indicators – Trading indicators can be useful, and MT4 supplies them
  • Trading Central – Allows you to receive daily Forex signals in your email at no extra charge
  • Expert Advisors – The system allows for automated Forex trading and robots, and it enables you to create your own to use at Vantage FX
  • Economic Calendar – This helpful calendar carries all relevant economic events so that you will not be caught unprepared by a data release or policy decision
  • Client Sentiment – This snapshot from the company’s client exposure to trades covers Forex, indices, and commodities markets
  • Free Forex VPS – This makes it possible to run your MetaTrader 4 fully 24 hours per day and 7 days per week. It is especially useful if you are actively trading Forex

Vantage FX Education

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:

  • Forex Trading Academy – Vantage FX offers a constantly growing, already exhaustive Forex trading academy at no additional charge to members
  • Forex Webinars – Experienced market strategists and pro traders alike host regularly scheduled webinars on trades, setups, and other relevant trading topics
  • MT4 Manuals – Vantage FX has a powerful partnership with MetaQuotes the maker of the MetaTrader platforms, and this enables them to offer the full manuals for the trading platform
  • MT4 Videos – Members have access to a video series of quick and easy to grasp tutorials on the basics of the platform
  • MT4 Smart Trader Tools Tutorials – The SmartTrader Tools Package offered with MetaTrader is so advanced that it needs its own tutorials. These are included in a series of videos for members

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.

Vantage FX Members’ Website and Customer Support

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.

How Vantage FX Works

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 Four Different Account Types and Funding

Vantage has four primary account types they offer. These include each of the following:

  1. Standard STP Accounts – The optimal choice for beginners to Forex trading. No commissions apply to trades on this account and you benefit from competitive Forex pair spreads and super speed execution of trades. This account only requires a reasonable $200 to open and provides high leverages of as much as 500:1 on currency pairs.
  2. Raw ECN Accounts – Traders who worry about transparency issues will love this account created with their concerns in mind. The commissions are $3 per lot and trades are offered at actual inter-bank rates. You can open this account with $500. The broker is not your trade counter-party with this account.
  3. Pro ECN Accounts – Professional traders will require the lowest possible spreads. This account delivers for their needs with $2 per lot commissions. It has a more significant $20,000 minimum deposit to open.
  4. Islamic Accounts – Traders who are Muslims will want to trade the markets based on Shariah-compliant standards. There are no interest charges assessed on overnight-held market positions in this account.

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:

  • Debit cards and credit cards
  • Wire transfer from your bank account
  • Web wallets
  • Broker to broker transfers

A reoccurring theme that we really like with Vantage FX is that they seek to provide convenience and flexibility to their members.

Vantage Types of Trades and Instruments

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.

Vantage Account Bonuses

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 Costs and Minimum Deposit Policies

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.

Pros of Vantage FX

  • The broker is ASIC regulated, strictly audited, and winner of numerous international FX awards.
  • Vantage FX offers a number of different trading platforms to clients.
  • Dedicated customer support is good 24 hours per day, 5 days per week by live chat, phone, and email.
  • Initial opening deposit is only $200 and gains customers up to 500:1 trading leverage.

Cons of Vantage FX

  • Vantage FX is more of a Forex broker than a trading recommendation service.
  • Their bonus program is confusing and full of restrictions and limitations.

Vantage FX Review Summary

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.


Editor rating
Rated 4 stars
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