Vantage FX Review

Vantage FX
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Overview

VantageFX is an award-winning ECN forex broker based in Australia . Their mother company is Vantage FX Pty Ltd (ACAN 140 903 886) and they are regulated by the Australian Securities and Investment Commission (ASIC) under AFSL No 428901.
They aim to bring the best quality of order execution, low spreads and  customer service to the niche target market in Australia, China, Thailand, Malaysia, Vietnam and Indonesia.

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Details

Broker Vantage FX
Website URL www.vantagefx.com
Founded 2009
Headquarters Sydney, Australia (Vantage FX Pty Ltd )
Support Number 1300 945 517 ( Australia ), 4007209515 ( China ), +61 2 8999 2044 ( International )
Support Types Phone , Email , Live Chat
Languages English , Chinese , Thai , Malay , Indonesia , Vietnamese , Español
Trading Platform MT4 & MT5 Platform, Webtrader and Mobile apps
Minimum 1st Deposit $200 AUD
Minimum Account Size $200 AUD
Bonus Get up to 50% Bonus ( min.deposit $300)
Leverage 500:1 ( Forex )
Demo info From 0.0 Spreads ( Forex )
Free Demo Account Open Demo
Regulated Yes
Regulation ASiC ( AFSL No.428901 )
Deposit Methods Credit / Debit Cards , Bank Wire , BPAY , Poli , Skrill , Neteller , Broker to Broker transfer , Fasapay
Withdrawal Methods Credit Cards , Bank Wire , BPAY , Poli , Skrill , Neteller
Products Forex Trading , Indices Trading , Commodities Trading
Number of Assets +96
Types of Assets 70 Currencies, 10 Indices, 15 Commodities, 6 cryptocurrencies
Australian Regulated Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 90/100

Pros

  • Get to up 50% Welcome Bonus *
  • AU Regulated Broker
  • Free Demo Account
  • Min. Deposit of only $200 AUD
  • Up to 500:1 Leverage ( Forex )
  • 24 Hours support from Sydney office
  • Powerful MT4
  • Security: All clients's funds are held in a segregated account in NAB
  • Over 100 assets to trade
  • Trade Cryptocurrencies CFDs ( Bitcoin, Ethereum, Litecoin, DASH, Ripple and Bitcoin Cash )

Cons

  • Few languages available

Full Review

Latest Vantage FX review: 10th April 2018

About Vantage FX company

Vantage FX Australia - Review

What is Vantage FX ?

VantageFX is an award-winning ECN forex broker based in Australia . Their mother company is Vantage FX Pty Ltd (ACAN 140 903 886) and they are regulated by the Australian Securities and Investment Commission (ASIC) under AFSL No 428901.

Since inception, Vantage FX has primarily focused on providing traders access to the global foreign exchange market via their relationship with top tier banking partners and liquidity providers.

They aim to bring the best quality of order execution, low spreads and  customer service to the niche target market in Australia, China, Thailand, Malaysia, Vietnam and Indonesia.

Vantage FX operates from its office in Sydney located at Level 29, 31 Market Street, NSW 2000, Australia.

They have offices too in Melbourne and Wellington ( New Zealand ).

Website Usability & Platform: 100/100

 

Vantage FX provide several trading platforms to trade forex: Metatrader ( MT4 and MT5 ) for Windows and Mac, Webtrader and Mobile apps.

The type of execution is: Standard STP or RAW ECN.

Types of Accounts / Demo : 100/100

Vantage FX offers 2 type of trading accounts: Standard STP and RAW ECN.

In both accounts traders can enjoy the same range of assets to trade ( 70 currencies, 10 indices, 15 commodities and 6 cryptocurrencies ) , platform choices ( MT4 and MT5, WebTrader and mobile app ) and leverage ( up to 500:1 ).

The main differences between these 2 type of accounts is the commission, spreads and minimum deposit.

Demo Account

Also you can get an unlimited FREE DEMO account for Metatrader 4 and Metatrader 5 , where you can practise trading forex  as long as you want.

Islamic Account

For all those traders who follows the Islamic faith, VantageFX can provide them a FX ISLAMIC ACCOUNT, where they will not be charged daily swaps,  and it’s fully compliant with Sharia Law.  They are one of the few brokers who have a certificate of Sharia compliance by by Sheikh Hasan Qamra – Chairman of the Sharia Supervisory Board.

Assets Offered for Trading: 100/100

They offer a wide range of assets to trade including 70 currencies, 10 indices , 7 commodities and 6 cryptocurrencies.

Under Forex, almost all major currency pairs are available, such as GBP/USD, GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, NZD/USD, AUD/JPY, USD/CAD, EUR/GBP, AUD/NZD, AUD/CHF, EUR/AUD, GBP/AUD, NZD/CHF, GBP/NZD, USD/CHF, CAD/JPY, AUD/CAD, USD/MXN, CAD/CHF, CHF/JPY, USD/ZAR, USD/TRY, EUR/TRY, USD/NOK, EUR/NOK, EUR/CAD, EUR/ZAR, and USD/RUB.

Under indices, they offer some of the most popular international indices, including the ASX S&P 200, Nikkei 225, Dow Jones 30, DAX 30 Future, FTSE 100 , China A50 Index,  DUBAI Index, NASDAQ 100, and S&P 500 Future.

Under commodities, they have the largest collection of assets compared to other forex brokers. They have almost covered all major commodities, including Oil, Gold, Silver, Platinum, Cocoa, Cotton Coffee, and Sugar.

Trade Cryptocurrencies CFDs

We were delighted to find that Vantage FX did not forget to include the most popular cryptocurrencies to trade including Bitcoin, Ethereum, Bitcoin Cash, Dashcoin, Litecoin, and Ripple.

Minimum Deposit & Spreads: 90/100

It is rather easy to start forex trading with Vantage FX, as they only require a $200 minimum deposit if you choose a Standard STP account or $500 for a RAW ECN account ( Recommended ).

Vantage FX is currently offering one of the lowest forex spreads as low as 0.0 pips on FX Raw ECN accounts, and 1.o pips on STP accounts.

Bonuses & Promotions: 100/100

  1. Get up to 50% Deposit Bonus with a minimum deposit of $300*
  2. Earn up to 8,88% Cash Bonus on your FX trading account balance* . But, to avail this offer, customers must execute a certain amount of trades per month.

Vantage FX Bonuses plan

* Please check full terms and conditions on their website.

Deposit and Withdrawal Methods: 100/100

You can easily fund you Vantage FX  trading account via the most popular methods including credit or debit cards,  bank wire transfer ( Australia and International )  BPay ( Australia ) or POLI payments ( Australia ).

They also accept popular e-wallet services like Skrill , Neteller and Fasapay . Besides, there is an option to fund your account via broker to broker transfer.

This platform don’t charge fees for deposits or withdrawals.

Customer support : 95/100

Vantage FX primarily serves the Australian market and they offer customer service over phone and email. You can reach their customer service via email at support@vantagefx.com

For more immediate need, you can call their customer support at 1300 945 517 during office hour during the work week (Monday to Friday).

Thet only provide support in English , Chinese, Spanish, Malay, Indonesian and Thai.

Vantage FX review: Summary : 98/100

Vantage FX has introduced something unique with their RAW ECN account, which is mainly designed to offer professional and institutional traders a chance to sit at the table with larger players in the market.

By offering 0.00 spreads on select pairs, this platform has revolutionized Forex trading in Australia as traders can now develop new trading strategies that can discount the cost of transaction in terms of added spreads from the brokers.

However, for beginner traders who try to capture larger swing moves in the market, Vantage FX still offers the Standard STP account that requires a nominal minimum deposit and traders can start trading immediately by making an instant deposit via credit cards.

If you are looking for a regulated Forex broker in Australia who are constantly working to bring the best trading experience to clients, Vantage FX should be your first choice.

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John Walker
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John Walker

Financial Analyst at Clicking Media Group
John was born in Wollongong (NSW ) and studied at The London School of Economics ( England, UK ). Currently he lives in Sydney ( NSW ) and he works as financial market analyst.
John Walker
Follow me

John was born in Wollongong (NSW ) and studied at The London School of Economics ( England, UK ). Currently he lives in Sydney ( NSW ) and he works as financial market analyst.

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