Vantage FX offer two ways to trade: Forex, Social Trading.
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Vantage FX offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by ASiC (AFSL #428901). Vantage FX puts all client funds in a segregated bank account and uses tier-1 banks for this. Vantage FX have been established since 2009, and have a head office in Australia.
Before we dive into some of the more detailed aspects of Vantage FX’s spreads, fees, platforms and trading features, you may want to open Vantage FX‘s website in a new tab by clicking the button below in order to see the latest information directly from Vantage FX.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Vantage FX's spreads & fees?
Like most brokers, Vantage FX take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum spreads listed on Vantage FX’s website. The colour bars show how competitive Vantage FX’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $6 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $6 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $6 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
As you can see, Vantage FX's minimum spread for trading EUR/USD is N/A pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Vantage FX vs. similar brokers.See all Spreads
How much does Vantage FX charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Vantage FX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $14.09. Here's a rough breakdown of the fees and how this compares against AvaTrade & Plus500.
|Typical overnight fee:||$8.09||$5.00||$9.40|
|Total cost of a 100k trade:||$14.09||$12||$15.4|
|$2.09 less||$1.31 more|
|Visit Vantage FX||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: March 21, 2018.
What can you trade with Vantage FX?
|FX / Currencies||Vantage FX||AvaTrade||Plus500|
|# of forex pairs offered||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|Commodity CFDs||Vantage FX||AvaTrade||Plus500|
|# of commodities offered||16||17|
|Indiced & Stock CFDs||Vantage FX||AvaTrade||Plus500|
|# of Stocks offered||99||1816|
|See Vantage FX's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Vantage FX trading experience like?
1) Platforms and apps
Vantage FX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Vantage FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.See Vantage FX's platforms
2) Executing Trades
Vantage FX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Vantage FX allow you to execute a maxium trade of 20,000 lot. As Vantage FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Vantage FX offer margin up to 0.005% on currencies.
Finally, we’ve listed some of the popular funding methods that Vantage FX offers its traders on the right.
3) Client support
Vantage FX support a limited number including English, Mandarin
Vantage FX have a BrokerNotes double AA support rating because Vantage FX offer live chat, phone, email support and less than three languages.
4) What you’ll need to open an account with Vantage FX
As Vantage FX is regulated by ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Vantage FX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Vantage FX you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vantagefx.com/ on March 21, 2018.