Vantage FX is an Australian regulated forex provider founded in 2009, granting traders access to the global forex market with fast forex trading execution, as well as interbank grade, RAW ECN spreads. Clients can also access forex trading markets through Vantage FX’s Forex trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.
Vantage FX has also introduced the next generation RAW ECN trading environment which gives traders the opportunity to trade forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 commission. Vantage FX’s standard leverage also starts at 100:1 but can be increased up to the maximum of 500:1 depending on account equity.
Vantage FX has live trading servers located in the major financial hubs of both London and New York. From these trading servers, ECN market liquidity is sourced and streamed into trader’s MT4 accounts. There are also further ongoing enhancements to the Vantage FX trading network of servers and data centres, including updates to both hardware and physical locations.
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Vantage FX offers 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 has 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. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.
Like most brokers, Vantage FX takes 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' spreads are in comparison to other popular brokers featured on BrokerNotes.
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
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
Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, Vantage FX 's minimum spread for trading EUR/USD is 0.40 pips - which is relatively low 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.
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 $8.09. Here’s a rough breakdown of the fees and how this compares against XTB & City Index .
|Vantage FX||XTB||City Index|
|Spread from:||$ 0.00||$ 2.00||$ 5.00|
|Typical overnight fee:||$ 8.09||$ 7.94||$ 20.60|
|Total cost of a 100k trade:||$ 8.09||$ 9.94||$ 25.6|
|1.85 more||$17.51 more|
|Visit Vantage FX||Visit XTB||Visit City Index|
All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Losses can exceed deposits
Vantage FX offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Vantage FX below, along with the instruments offered by XTB and City Index for comparison.
|FX / Currencies||Vantage FX||XTB||City Index|
|# of forex pairs offered||48||84|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|Commodity CFDs||Vantage FX||XTB||City Index|
|# of commodities offered||21||26|
|Index & Stock CFDs||Vantage FX||XTB||City Index|
|# of Stocks offered||1606||4500|
|See Vantage FX's Instruments||See XTB's Instruments||See City Index's Instruments|
Vantage FX offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Vantage FX also offer their custom MyFXBook AutoTrade platform. 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 are on the move.See Vantage FX 's platforms Losses can exceed deposits
Vantage FX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Vantage FX allows you to execute a maximum 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. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Vantage FX offers its traders on the right.
Vantage FX support a limited number including English and Mandarin.
Vantage FX has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
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:
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 August 23, 2018.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.