Vantage FX reviews – Is Vantage FX legit?

0 32

What is Vantage Fx?

Vantage is an Australian Forex and CFD broker that has been operating since 2009 and offers trading with ECN and STP models .

You may wonder if he is a good broker.

That is what interests us.

We are going to see if it is or not, giving you my opinion, and we will also see the opinions that there are about it in the market, but before we will see its characteristics.

The broker belongs to a group called Vantage Group is regulated:

Click here and open an account from 5 USD with one of the best brokers on the market

Risk warning!

  • CIMA (Cayman Islands): Vantagefx.com
  • ASIC (Australia): Vantage.com.au

How is the customer service?

This broker has different contact methods:

  • Through chat on their website
  • By email: support@vantagefx.com
  • Telephone: +61 2 8999 2044

The contact service is available 24 hours a day from Monday to Friday.

This service is available in English and Chinese. Unfortunately the broker does not have service in Spanish.

Open account with Vantage Broker

Account opening is easy. It can be processed in less than 5 minutes.

First we will fill in our personal data and click on the account opening button. Then the broker will send us a confirmation email and later they will ask us to send copies of our documents that prove our identity and address. For this, a passport and an electricity or water bill for the personal home will suffice.

However, before opening the live account there is also the possibility of opening a demo account without obligation to be able to test the Vantage trading platforms.

The minimum deposit to open an account is:

  • Standard Account: 200 Australian dollars or equivalent in American dollars, euros or other important currency.
  • Raw Live account: Australian $ 500 or equivalent

The deposit methods are: transfer card, Skrill, Neteller, UnionPay (China)

The commissions are free on transfers and card unless our bank charges us.

Vantage does not offer trading to citizens of the United States, North Korea, or Japan.

Vantage FX bonuses and promotions

As it is an offshore broker, the offer of trading bonds is allowed, although we must remember that they are not allowed in Europe but they are for traders from other regions of the world, such as Latin America, for example.

To start Vantage offers a 50% bonus on the first deposit .

But there are many more promotions of this broker. Among others we have:

Discover which are the best brokers on the market
  • Trading Credit : If a previous deposit of $ 400 has been made, a credit of up to $ 100 can be claimed by depositing 500 more. You can also claim an extra $ 100 for every 500 of deposit.
  • Active Trader Program : Promotion for active traders with accounts of $ 10,000 or more, so you can get rebates of up to $ 8 per account.
  • Remuneration of 8.88% in the free margin of the account
  • Rebates : similar to the Active Trader program but for accounts starting at $ 1,000, where you can save $ 2 per lot.
  • Trading signals in collaboration with Trading Central
  • Free VPS for accounts over $ 1,000.

These bonuses are not available to Vantage.com.au (Australia).

Vantagefx platforms

  • Metatrader 4
  • Metatrader 4 for Mac
  • Metatrader 5
  • Mobile applications for MT4 and MT5
  • Webtrader for MT4 and MT5
  • PAMM and MAM accounts
  • Connection with MyFXBook Autotrader
  • Zulutrade connection

Vantage FX Products and Accounts

This broker offers trading on 40 Forex pairs, CFDs of 13 indices and 20 commodities.

Vantage FXMT4 Standard AccountRaw AccountPro Account
PlatformMetaTrader 4, 5MetaTrader 4, 5MetaTrader 4, 5
KindSTPECNECN
MarketsForex, indices, raw materialsForex, indices, raw materialsForex, indices, raw materials
Deposit USD20050020,000
Minimum lot0.010.100.01
SpreadsFrom 1.4From 0From 0
Social tradingYesYesNo
commissionsNoYes 3 USD lot in Forex2 USD

The maximum leverage is 500: 1.

Typical Vantage FX spreads

SpreadsRAWStandard
EURUSD0.61.8
GBPUSD1.42.6
USDJPY0.41.6
AUDUSD0.61.6

In index CFDs , and commodity, gold and oil trading, the trading lows will be 1 per index, one ounce in gold, and 10 barrels of oil.

Vantage FX reviews

Vantage is one of the most prestigious brokers in the world Forex market.

This comes from the initial years since its inception in 2009 where it made a name for itself in the global forex community as one of the best ECN brokers .

We can see this in many threads of sites such as Forex Factory, where it was always a broker consulted by users. In addition there is also a thread of this broker with a commercial agent of the same, in case we want to see queries made for several years.

The turning point took place in 2019 when due to regulations in Australia, the Australian subsidiary could not accept more international clients, with which Vantage transferred its international clientele to the Cayman Islands.

In Babypips we also find several threads about this broker.

In both sites, the threads where it is compared to brokers such as IC Markets or Pepperstone are typical , to give us an idea of ​​the broker’s prestige.

We can also find threads about it on reddit or Trade2win.

In the Spanish-speaking forums there is not much interaction (there is something in Rankia ), for obvious reasons: the broker is more focused on the market in English and Asia.

Vantage FX broker review

Vantage is one of the most popular brokers in Forex trading, especially for its RAW account, which has quite good conditions.

This broker is one of the favorites in Asia, being one of the leaders in the region. You can see that in customer service languages. Too bad they didn’t offer service in Spanish from the start.

With the new opening of the Cayman Islands, the broker can offer a large number of promotions that it cannot offer in Australia or Europe, which is why it has gained an advantage, at least for traders from other areas of the world.

Despite being regulated for the Cayman Islands, as the broker still belongs to the Vantage group, which also has regulation in Australia, I think it is still a reliable broker, mostly because of its prestige from before, which is one of the best of the Forex sector.

With regard to other promotions, comment that the signal is not something that I would recommend or do on my own. You better research your own system.

Visit our recommended stock broker

Visit our recommended scalping broker

Visit our recommended broker for Spain

Risk warning

The minimum deposit has risen from $ 100 to $ 200, although it is still quite low and affordable.

On the other hand, the minimum commission on ECN accounts has dropped from $ 3.5 to $ 3, which is always a good thing.

Summary:

  • Country: Australia
  • Regulation: ASIC, CIMA
  • Type: ECN / STP
  • Markets: Forex, Index CFDs and Commodities
  • Minimum deposit: 200 USD
  • Deposit methods: transfer, card, Skrill
  • Platform: MetaTrader 4, 5, Web
  • Spread: From 0.6 on EURUSD Pro; 1.8 Standard
  • Commissions: 3 USD lot in Pro
  • Scalping: yes

For more information, visit the website .

Leave A Reply

Your email address will not be published.