Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors.

Pros
  • It is regulated by ASIC (Australian Securities and Investments Commission)
  • Leverage up to 1:500
  • Both MT4 and MT5 Accounts can be used for trading
  • here is also the option of trading with 0 % commission
Cons
  • It has a limited range of instruments

9 minutes

Introduction

Founded in 2009, Vantage FX allows its users to access the forex market, indices, stocks, and commodities. There are several Vantage FX trading platforms from where users can access the forex market. These platforms are MetaTrader 4, MetaTrader 5, WebTrader, and there are also several mobile apps optimized for android and iPhone. A new way of Raw ECN market has been introduced by Vantage FX, which allows users to trade on an institutional level, and transactions can be done through the largest banks around the world just for as little commission as $3. The standard leverage can be started from 1:100 and can be maximized up to 1:500

Regulation

Cayman Islands Monetary Authority is also known as CIMA, regulated and authorizes Vantage FX. National Australia Bank is used to keep all the funds of the clients. The employees are usually regular adults, and the company has an insurance policy for the brokers to cover their financial losses, but it still has to offer, and an insurance policy for its clients in case of any financial loss for them like other big brokerage companies have. All the legal documents of Vantage FX are available on their website, and it has the regulations by CIMA only, which oversees less than 20 brokers. It doesn’t have any regulations from the UK or Europe. It is safe to say that it has enough regulations, but still, it is less than other big broker companies have.

Available Financial Instruments

Depending on the location, Vantage FX offers more than 300 instruments for trading. But this number can be limited for you depending on the type of brokerage you are using, your account type, and your trading platform. There are 40 different currency pairs, 20 commodities, 14 indices, and 100 stocks and shares available for trading.

Account Types

There are several account types available for different categories of clients. If you are a beginner, then you can create a Standard STP account. There is no commission for an STP account, and the minimum deposit for an STP account is $200. If you want to have extra spreads, then the RAW ECN account will be suitable for you, but you have to pay a commission of $3 per lot per side while trading through this account. There should be at least $500 deposited in your account. PRO ECN account is for those clients who are professional traders, and it is the most suitable option for experienced and professional traders. The commission for this account type is $2 per lot per side, and the minimum deposit is $20,000.

Demo Account

There is also the option of creating a demo account; a trial account for you to practice trading and learn all the features and instruments of Vantage FX before investing your real money in forex. It only needs a couple of minutes to create your demo account. The account has $50,000 virtual money, which can be utilized virtually through MT4. The demo account usually expires in 30 days, but you can also request a non-expiring demo account. A demo account is a very good option for new traders to learn and practice their trading skills, reducing the risk of losing their real money.

Islamic Account

Islamic Account is available for Muslim clients, which follows every rule and regulation of Islamic Law. It also has the certificate of Sharia compliance on the website. Islamic account is suitable for the Muslim community to trade in forex as it doesn’t violate any Islamic Law, and Muslim clients can trade in full confidence using this account.

Trading Platforms

Following are the trading platforms available on Vantage FX:

Vantage FX App

Vantage FX app allows the clients to trade straightaway, and clients can also access Shares CFS, Commodities, indices, and forex pairs. There are nine timeframes available on the app. The dashboard shows you the full data. The app can be used to open the account and to manage the funds. You can also access your demo account through this app. There is a downloadable version available for both android and iPhone users.

MetaTrader 4

Vantage FX has a custom-made oneZero MT4 bridge. This platform allows the client to have suggestions from the experts while trading. This also allows clients to have automated trading. There are over 3200 trading signals that can be accessed through this platform.

MetaTrader 5

MT5 is an upgraded version of the MT4 platform. Experienced Vantage FX clients use it. This platform can view twenty-one timeframes and three chart types.

WebTrader

WebTrader is the website version of both MT4 and MT5 platforms. It means you can use the features of both these platforms without downloading any app. You can access 30 indicators, nine timeframes, and 24 technical, analytic tools through WebTrader.

ZuluTrade

ZuluTrade allows you to copy more than 10,000 professional traders. You can also manage your account and customize it so that you can copy other traders risk-free.

MyFXbook

You can connect your Vantage FX account with MyFXbook, which allows you to copy other traders from more than 90,000 forex systems.

Vantage FX Fees

Vantage FX takes its fees through commissions and spreads. For the RAW ECN account, the spread is 0.0 pips, and the commission is $3 per lot per side, which is a fair amount of fee compared to other forex platforms. For the STP account, the spread is high, starting from 1.4 pips which is expensive, and that is why experts don’t recommend using this account type. There are also Swap rates which can be both positive and negative. Additionally, there is the fee on deposit and withdrawal of your funds.

Deposit Fee

 There is no deposit fee on the funds’ deposit unless you are transferring money through China Union Pay which will cost you 1.3%-2.5% of the transferred amount.

Withdraw Fee

Vantage FX doesn’t charge you any withdrawal fee if you withdraw money in your credit/debit card or e-wallet. If you are transferring money to an international bank account, it won’t charge you anything for the first payment of the month, but for every other payment, there will be a fee of 20 in the currency you are using.

Vantage FX Minimum deposit

To open all account variants, Vantage FX requires a minimum deposit as bellow

  • Standard STP account minimum is $200
  • RAW ECN account minimum is $500
  • PRO ECN account minimum is $20000

Vantage Fx Bonus and Promotions

There are several bonuses and promotions available for both beginner and professional traders of Vantage FX. These promotions and bonuses are changed over time, but currently, Vantage FX is offering a 50% welcome bonus for each new client. If you are an active trader and have more than $10,000 in your account, you will be getting cash gifts in your MT4 account.

VantageFx Bonus

Opening an Account

Following are the steps to follow to open an account on Vantage FX:

  • 1. Go to the top of the page and click on ‘Live Account’.
  • 2. Enter your credentials as asked.
  • 3. Confirm your given email address and phone number.
  • 4. Provide your identification documents such as an ID card.
  • 5. Make a Deposit in your Account.

Every trader wants to be kept up to date about the growing and developing forex market. Such traders can take advantage of and make their trades at suitable times. Moreover, those traders who trust themselves as forex traders and won’t hesitate in investing money are recommended to use Vantage FX.

You can checkout our review of Plus500 CFD Trading Platform

Summary

Vantage FX is a trading environment worth considering if you want to step foot or expand your forex trading business. There is still work to do for the company to attract more professional traders. The RAW ECN account type is a suitable option for every new client; it offers many services with a very little fee. The only regulator for Vantage FX is CIMA, but it is enough for every trader to feel safe and start trading. Vantage FX also has several trading platforms, which makes forex trading easier.

Vantage Fx FAQ

How can I open a Free Vantage FX demo?

Click the ‘Demo Account’ button located in the top right-hand corner of every page to open a FREE $100,000 Vantage FX MT4 or MT5 demo account. To submit the form, simply complete your information and press the “Submit” button. In this step, you will be able to instantly download MT4/MT5 and get started with learning how to trade on the Forex market.
 

How long does a Free Vantage FX demo account last?

Your Vantage FX MT4 demo account will expire after 30 days.
 

How can I open a live Forex trading account with Vantage FX?

Click the ‘Live Account’ button on every page to open a Vantage FX MT4 live account. Complete the forms, provide the required identity verification documentation, and then you will receive your new account information via email.
 

How long does it take to open a live Forex trading account with Vantage FX?

Online forms for live Forex trading accounts are simple and quick to complete. If you submit the required identity documentation when you submit the form, you can have your account ready and trading in 24 hours.
 

What documentation do I have to provide to open a live Forex trading account with Vantage FX?

Vantage FX’s AML and CT regulations require applicants to submit proof of identity documentation as well as their application when opening a live Forex trading account.
 

Does a live Forex trading account with Vantage FX cost anything?

Vantage FX offers no account set-up or maintenance fees on all of their live Forex trading accounts.
 

How can I deposit funds into my Vantage FX MT4 trading account?

Vantage FX clients can fund their account in a number of ways all found on their deposit page. Please click the button next to your required funding type and log into the secure Vantage FX client portal to finalise your deposit.
 

What is the minimum deposit needed to open a Vantage FX live Forex trading account?

The minimum deposit that Vantage FX can accept is $200 for all standard STP accounts and $500 for the RAW ECN account.
 

How long does it take to deposit/withdraw funds?

Vantage Fx do everything they can to ensure their clients receive their funds as quickly as possible. Withdrawals made prior to 9:00 a.m. GMT will be processed on the same business day.
 

What is the level my account must reach to be stopped out via margin call?

If the Margin Level reaches 80%, Vantage FX will alert you via your MT4 or MT5 Terminal. When your Margin Level falls to 50%, your position will be liquidated by way of a margin stop out.
 

Vantage Fx review- Forex Broker | Trading Platform Details

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