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Vantage FX Review
Vantage FX is an Australian licensed forex provider that was established in 2009 to provide traders with rapid forex trading execution and interbank grade, RAW ECN spreads. Their Forex trading platforms, which include MetaTrader 4, MetaTrader 5, WebTrader, and numerous mobile trading apps for iPhone and Android smartphones, allow clients to access forex trading markets.
Vantage FX has also launched the RAW ECN trading environment, which allows traders to trade forex on institutional-grade liquidity directly from the world’s top banks and institutions with no spread mark-up and only a modest $3.00 commission fee.
They have live trading servers in both London and New York, which are key financial centers. ECN market liquidity is sourced and streamed into traders’ MT4 accounts from various trading servers. Vantage FX’s trading network of servers and data centers is also undergoing constant improvements, including modifications to both hardware and geographical locations.
- Segregates client funds
- Established in 2006
- Regulated by CySEC, ASIC, FINRA, SIPC
- Min. deposit from $100
- Doesn’t allow scalping (See alternatives)
- Inactivity Fee
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $100 is required for a live account. Vantage FX, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by ASIC (AFSL #428901), Vantage FX client funds are held in a segregated bank account and they work with tier-1 banks. Vantage FX was established in 2009 and their head office is in Australia.
Before we get into the specifics of Vantage FX’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Vantage FX’s spreads & fees?
Vantage FX, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Vantage FX’s website.
|Forex||Vantage FX||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0.2 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.3 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.4 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.7 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.4 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.3 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0.8 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.4 pips||0.5 pips||0.1 pips|
The spreads are variable and are displayed for information purposes.
As you can see, Vantage FX’s minimum EUR/USD spread is 0.2 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Vantage FX vs. similar brokers.
How much does Vantage FX charge to trade 1 lot of EUR/USD?
You would likely spend $8.09 if you bought one standard lot of EUR/USD (100k units) with Vantage FX at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
|Spread from:||$ 2.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 5.00||$ 6.00||$ 2.00|
|$1 more||$3 less|
|VISIT VANTAGE FX||VISIT IG||VISIT XTB|
Fees and quotes are displayed for information purposes and could change.
What can you trade with Vantage FX?
Over 300 instruments, including 40+ currency pairs, are available to trade at Vantage FX. Below, we’ve summarised all of Vantage FX’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
|FX / Currencies||Vantage FX||IG||XTB|
|# of forex pairs offered||40+||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Vantage FX||IG||XTB|
|# of commodities offered||14||34||21|
|Index & Stock CFDs||Vantage FX||IG||XTB|
|# of stocks offered||170+||8000||1606|
|SEE VANTAGE FX’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Vantage FX trading experience like?
1) Platforms and apps
Vantage FX is one of the few brokers that provides both the MT4 and MT5 MetaTrader platforms. You may read our MT4 versus MT5 comparison here to see how the two platforms compare. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
2) Executing Trades
You can trade as little as 0.01 Lot with Vantage FX. Depending on the account you open, this may differ. Vantage FX allows you to trade up to 20,000 lots per trade. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Vantage FX offers ECN and STP execution.
Vantage FX, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that Vantage FX provides to its traders.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Mini account
- Standard account
- ECN account
- Managed account
- Credit cards
- Bank Transfer
3) Client support
Vantage FX offers support in many languages like English and Mandarin.
4) What you’ll need to open an account with Vantage FX
Because Vantage FX is regulated by the ASIC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
79% of retail investor accounts lose money when trading CFDs with this provider.