Vantage FX review

Choosing the right broker can make all the difference between a smooth sailing experience and navigating treacherous waters when trading in a foreign market. With so many options available, finding a broker that aligns with your trading needs and goals is crucial. 

Vantage FX aims to stand out with its almost-perfect ECN trading conditions and competitive offerings, but how does it really stack up? 

In this Vantage FX review, we shed light on this Sydney-based trading platform, its account types, fees, and customer support, covering essential aspects you need to know. 

So, is Vantage FX right for you? Read on to find the answer. 

TL;DR

Vantage FX is regulated by top-tier regulators and offers competitive ECN trading conditions. 

It’s suitable for traders interested in ECN trading. 

Its strengths include the low fees and copy trading options. 

It might not work for some users due to the high minimum deposit for some accounts and the mixed customer service reviews

Overall rating: 4/5 based on our comprehensive criteria evaluation

Criteria Breakdown

So, how does one forex broker compare to another? What defines the market’s gold standard?

We didn’t just follow our intuition while evaluating Vantage FX. We have prepared a list of present criteria to determine how the platform actually performs for the sake of honest evaluation. 

Vantage FX: What it’s known for?

Founded in 2009, Vantage FX has been a forex and CFD broker for 13 years. It operates in 30 locations and is available in 172, so you’ve got your trading needs covered wherever you go. 

This broker offers multiple assets and instruments, giving traders and investors the flexibility they need to build their portfolios. These include more than 1000 assets and instruments, including forex, shares, indices, precious metals, and commodities. 

At the same time, it provides many trading tools to facilitate the trading process and enable investors to make informed decisions. 

But that’s not all. Vantage Markets provides the copy trading feature, which allows beginner investors to trade while copying the moves of successful traders. Thanks to the competitive spreads and fast execution, Vantage FX is an excellent choice for those who trade large volumes of assets. 

It’s no wonder that Vantage FX won several awards in 2024, including the best CFD broker, best multi-asset broker, and best CFD trading platform. 

Features That Make Vantage FX Shine

So, what makes Vantage FX better than other brokers? Here are some cool features that make this trading platform outshine its peers. 

Robust Protection

When trading, finding a reliable broker overseen by reputable regulators is everything. 

Vantage Global Prime Pty Ltd is registered in Australia and regulated by ASIC. Vantage International Group Limited is registered in the Cayman Islands and is regulated by the Cayman Islands Monetary Authority CIMA. 

Additionally, Vantage Global Limited is authorized and regulated by the VFSC and registered in Vanuatu. Finally, Vantage Markets Ltd is registered and regulated by the Financial Sector Conduct Authority FSCA of South Africa. 

But it doesn’t stop here. Clients’ funds are placed in a separate bank account for further protection and the company has indemnity insurance to cover all operations of its representatives and employees. 

As a trader, you can get up to €20,000 from The Compensation Fund if the broker does not follow any judgment of the Financial Commission that favors the client. Isn’t that great? 

Easy Account Opening

Vantage FX facilitates the process of opening your trading account, so you can immediately start trading forex and CFDs. After registering your account, you get to fund it and start trading within a short period, which creates perfect ECN trading conditions. 

However, you should check the broker’s page for allowed countries, as it doesn’t support traders from specific locations. For example, it doesn’t accept US or Canadian clients according to the US CTFC. 

Vantage FX offers demo trading, allowing investors to practice their trading skills without risking real money. 

You have three account types to choose from— Pro, Raw, and Standard. The Standard account is suitable for novice traders who want to enter the world of trading without enduring high commissions. 

The Pro account suits professional traders who trade large volumes. The Raw account works for experienced traders who need deep liquidity. All accounts are available as Swap-free accounts for people who don’t want to pay or receive swaps. 

After funding your account, you can get up to a $20,000 bonus on deposits. The deposit minimum is $500 and the bonus is non-withdrawable. But you can withdraw the profits made using this bonus. 

Copy Trading

Are you confused about your abilities as a trader? Copy trading is one of the most appealing features on Vantage FX, especially if you’re a beginner. 

It allows you to follow in the footsteps of seasoned investors. So, what does this mean for you?

As you copy-trade, you’re working according to a pre-calculated risk that another investor studied. This way, you can trade safely until you’re confident about your abilities. Moreover, it’s like a free lesson that allows you to hone your trading skills. 

Supporting Tools

Vantage FX offers MetaTrader 4 and MetaTrader 5 to facilitate placing orders and executing them, whether you’re a beginner investor or a seasoned one. 

ProTrader is another cool feature that provides in-depth analytical charts, market buzz,  and an economic calendar to facilitate the process of trading. But that’s not all. 

Vantage FX integrates with TradingViews to provide investors access to a global community of trading enthusiasts. It provides access to in-depth market analysis and top-of-the-line charting options. 

Mobile App

When you’re away from home, you can still access your trading account, place orders, and follow up on all your trading practices, thanks to the mobile app. It provides all the features of the website, including copy trading. The app is available for all Android and iOS devices. 

Pros

When you’re comparing various brokers, you want to focus on the benefits of using each one. Here are the pros of Vantage FX. 

Low Trading Fees

This is one of the main perks of using Vantage FX. Overall, Vantage FX has average forex fees and low non-trading fees compared to other platforms. 

If you have a standard account, there’s no commission. The Pro account changes a $1.50 commission and the Raw one changes a $3 commission per lot trade. 

It doesn’t charge any inactivity or withdrawal fees, which makes it appealing to many brokers. However, its CFD fees aren’t that low. 

Multiple Regulatory Licenses

Because safety comes first, top-tier regulators regulate and oversee Vantage FX to ensure the safety of traders’ money. As an investor, this oversight increases your confidence in the platform. 

Advanced Copy Trading Options

Copy trading allows beginner traders to copy the moves of more seasoned investors. It provides unlimited access to the best trading strategies and practices to help you become a better investor. 

With Vantage FX, you can start copy trading as low as $50, and if the seasoned investors profit, you’ll profit too. 

At the same time, if you’re a seasoned investor, you can become a signal provider for other traders to copy. You’ll have another stream of income through shared profits and it will help establish your reputation in the market. 

Comprehensive Educational Resources

Vantage FX provides multiple educational resources to help traders and investors learn more about the ins and outs of forex and CFD trading. You can browse different articles, charting methods, webinars, videos, and ebooks, and check Vantage Views— the platform’s blog where you can find all the information you need. 

Cons

Despite these pros, there are several cons to using Vantage FX. 

High Minimum Deposit for Pro ECN Account

Although Vantage FX offers multiple account types, the Pro account has a high minimum deposit of $10,000 which represents an obstacle to some traders. This is why it’s suitable for those who engage in high-volume trading and don’t mind paying this high deposit. 

Limited Product Range

Compared to other brokers, some investors believe that Vantage FX has a limited product range as it only offers forex and CFD trading. Other class assets like real stocks aren’t available for trade. This means that as a trader, you’re missing out on the chance of diversifying your portfolio to decrease your risk.

Mixed Customer Service Reviews

People using Vantage FX have mixed reviews regarding the potency and speed of customer services. When you’re trading, every second counts, so you want a reliable broker that provides help whenever needed. 

Many users reported getting the help they needed from customer service reps. However, others were left confused and believed that this was an area for improvement. 

Criteria Evaluation: Breaking It Down

To have an honest and unbiased review of Vantage FX, we highlighted a few criteria in the beginning. In this section, we break them down in detail. 

Regulation and Safety: 4/5

Vantage FX is registered in Australia and overseen by ASIC, CIMA, VFSC, and FSCA. However, it lacks the FCA and CySEC regulatory oversight, which is why it lost a point. 

All these regulatory bodies guarantee segregated funds and the VFSC allows for a compensation of up to €20,000 against the actions of the company’s employees and representatives. 

However, investors’ protection is only available in the UK, which makes the platform less appealing to some global clients. 

Trading Conditions: 4/5

Before you choose a broker, you should ask yourself about the trading environment and conditions it creates. Vantage FX provides competitive spreads and a leverage of up to 1:500. 

Some might find this too high compared to other brokers, so it might not work for you if you’re a novice broker or you have a low-risk tolerance. So, it’s actually a matter of choice, depending on how risky your attitude is as an investor. 

Trading Platforms: 4/5

Vantage FX offers MT4, MT5, Protrader, and TradingView Integration. These tools provide multiple charts, indicators, drawing tools, and alerts to help traders make informed decisions. Moreover, there’s a mobile app available for Android and iOS devices, which provides access to a complete trading experience. 

Product Range: 3.5/5

Thanks to Vantage FX you can access more than 1000 tradable assets and instruments, including forex, CFDs, indices, precious metals, soft commodities, energy, ETFs, and bonds. 

However, the platform lacks real stocks and the limited number of assets available deprives investors from diversifying their portfolios the way they want to. 

Customer Support: 3.5/5

For general inquiries, you can check the help center, contact live chat, or send an email to [email protected]. There’s also a dedicated email for complaints and another for affiliate programs. All these channels are available 24/7.

However, if you’re a UK or EU investor, you’ll have to call different phone numbers and assistance is available only five days a week. This can be a bit frustrating when you want someone to help you with a trading emergency. 

Moreover, some traders reported inconsistent service when it comes to customer support response. 

Educational Resources: 4/5

Vantage FX actually offers multiple educational resources to help investors make more informed decisions. These include webinars, video tutorials, articles, charts, and dedicated courses. By checking them out regularly, you’ll be able to improve your trading skills. 

Deposit/Withdrawal: 4/5

Most users had no complaints regarding the deposit and withdrawal process with Vantage FX. The platform allowed for various options, although some deposits might take a few days to be reflected in your account. 

Nevertheless, the platform doesn’t charge withdrawal fees, which makes it more appealing compared to other brokers that might take a big cut of your profits. Note that sometimes your payment method might apply certain fees that have nothing to do with Vantage FX. 

User Experience: 3.5/5

Overall, Vantage FX provides a good to above-average user experience. Many users praised its trading conditions and regulatory oversight. The platform has many tools that help teach brokers to become better, and the copy trading feature is a big plus. 

However, the platform can be a little overwhelming to beginner brokers. With too many tools and a limited offering of trading assets, some first-timers were left confused. 

Community Reviews and Expert Recommendations

So what do people say about using Vantage FX? We searched the internet for honest reviews and found Jousha’s comment on Trustpilot: 

“I’ve used a couple of brokers, but Vantage is by far the best one I’ve encountered. The top-quality app is always supportive and works perfectly, no fault for me as of yet, keep the good work going, Vantage staff!!!”

However, some users like Paul reported problems with their PAMM account: 

“This company is more than happy to earn money providing PAMM functionality but doesn’t take any responsibility when things go south. Right when my account balance started to drop due to the faulty actions of the PAMM manager, withdrawals stopped working.”

With these mixed reviews, experts have different views regarding Vantage FX. It’s a good broker, but doesn’t work for everyone. It’s more suitable for traders who trade high volumes to compensate for their losses when something goes wrong. 

Pricing

Knowing how much your broker will cost is crucial. So, how does Vantage FX’s pricing compare to other brokers?

Trading fees are considered low, as Vantage FX offers ultra-competitive spreads starting at 0.0 pip for Raw ECN accounts, and 1.0 pip for Standard STP accounts. For major forex currencies, clients enjoy spreads under 1 pip during high-liquidity periods.

Vantage FX doesn’t charge any deposit or withdrawal fees but international banks charge a high fee when you try to withdraw your money. Moreover, there’s no inactivity fee. 

Alternatives to Vantage FX: Other Fish in the Sea

Luckily, Vantage FX isn’t the only broker out there, and there are many brokers to check out if it doesn’t work for you. 

IC Markets

IC Markets is a legit broker that offers competitive spreads and pricing for all its account types. However, it has a limited product offering and protection doesn’t include traders outside the EU. You can learn more about this platform from our detailed IC Markets review. 

Pepperstone

Pepperstone is regulated by top-tier regulators and offers social trading through DupliTrade. However, the limited educational resources and demo account access make it less appealing to beginner traders. Read our Pepperstone review for more. 

FP Markets

FP Markets offers a wide range of assets to help traders diversify portfolios. It also offers competitive spreads and commissions on different account types but there are trading restrictions on clients from different countries like the US and Canada. Our detailed FP Markets review will tell you more about this platform. 

Forex4you

Forex4you offers MetaTrader 4 and 5 to help investors make better decisions. It also allows copy trading, but it’s riskier than its competitors. See our Forex4you review for more information. 

Final Thoughts

We’ve reached the end of our Vantage FX review and let’s say it’s not all black and white. So, it’s time for the big question: Is Vantage FX the right broker for you? 

Here’s what we have to say: 

• Vantage FX is a reliable broker and is regulated by top-tier regulators. 
• The platform’s ECN trading conditions are top-notch, with many options available for traders of all skills. 
• As a beginner or seasoned investor, you’ll gain access to multiple educational resources, which are pretty useful. 
• The limited product offering and high deposit of the Pro account can be an obstacle to many. 
• Vantage FX might need to work on their customer support experience as some clients were unsatisfied. 

So, what’s the verdict? 

Vantage FX isn’t perfect, but no broker is. So, if you’re looking for a heavily regulated broker that provides excellent ECN conditions, it will be the right one for you. However, if you need reliable customer support to have your back 24/7, you might need to look elsewhere. 

But you won’t go too far because at Top Brokers we have all the information you need. We’ve detailed reviews to highlight the pros and cons of every broker out there—most of them at least!

Doing your homework is a crucial part of becoming a successful trader. So, why not head to our website and check out different reviews, comparing Vantage FX to other brokers to see which one suits you best? 

You will also learn how to read forex charts and the best forex risk management strategies. Wouldn’t that be amazing? 

I remember one time when I ran into one investor who was just using Vantage FX for the first time and he was impressed with their ECN conditions. I met him six months later at a trading conference, and he was still satisfied but maybe not as impressed as he used to be.

He learned to use the platform’s educational resources to level up his game and that becoming a good broker is a journey of learning and growth—a lesson you should learn too. 

As we reach the end of our Vantage FX, we hope we’ve given you enough data for informed decisions. The forex world is always changing and so are brokers and their offerings. 

So, if you’re feeling lost about choosing the right forex broker, head to Topbroker, where you’ll find detailed reviews about the best forex trading platforms.