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Vantage FX Review

  • Regulated by: ASIC
  • Safety: segregates client funds
  • Trust Rating: B
Open Vantage FX's Website

Losses can exceed deposits

Overview

Vantage FX is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.

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.

Open a demo account Visit 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.

Vantage FX screenshot

PROS

  • Segeregates client funds
  • Established in 2009
  • Regulated by ASIC
  • Min. deposit from $100

CONS

What are Vantage FX's spreads & fees?

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.

Vantage FX fixed spread is not available. If you believe this is incorrect please fill in our form

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.

See all Spreads
Losses can exceed deposits

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 $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

Vantage FX XTB City Index
Spread from: N/A $ 2.00 $ 5.00
Typical overnight fee: N/A $ 7.94 $ 20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $ 9.94 $ 25.6
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

General Fees

  • Vantage FX doesn’t charge inactivity fees*
  • Vantage FX withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$8.09
  • The rollover fee for short positions on EUR/USD is $5.22

Commissions

  • Vantage FX does charge commission on CFD shares

What can you trade with Vantage FX?

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
Cryptocurrencies No Yes Yes
Commodity CFDs Vantage FX XTB City Index
# of commodities offered 21 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Vantage FX XTB City Index
# of Stocks offered 1606 4500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Vantage FX's InstrumentsSee XTB's InstrumentsSee City Index's Instruments
Losses can exceed deposits

What’s the Vantage FX trading experience like?

1) Platforms and apps

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 Screenshot See Vantage FX 's Platforms

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

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

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.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

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.

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 August 23, 2018.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.