Forex trading has grown in popularity since internet brokerage became popular. Even though there is a great chance of losing money in forex, online platforms provide a multitude of trading benefits for users. As a result, there is always a significant demand for online trading platforms. Vantage Markets is a unique online forex trading platform with its own set of advantages and disadvantages. All of the main elements about the broker are explained in this Vantage FX review, so that at the conclusion of this broker review, consumers will understand how the platform works and no accounts will lose money.

Vantage Markets Summary

Website https://www.vantagemarkets.com/
Headquarters Australia
Year Established 2009
Regulated Yes
Featured Products Forex, Commodities, Indices, Share CFDs
Minimum Deposit $50
Deposit Fees $0
Leverage up to 1:1000
Spreads From 0.0
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
Withdrawal fee Free
Application Google Play, App Store
Customer Support Live Chat, FAQ Support, Email, & Social Channel Support (24/7)

What Exactly Is Vantage Markets?

Vantage is one of the world’s largest foreign exchange (forex pairings) and CFD (Contract for Differences) brokers, founded in 2009 and headquartered in Australia, where it is regulated by the ASIC. The firm was once known as MXT Global until changing its name to Vantage FX Pty Ltd (Vantage FX) in 2015. Vantage FX is now a member of Vantage Global Prime Pty Ltd. The platform is regulated in three countries, including CIMA and SIBL, and provides access to over 300 currencies, commodities, share CFDs, indices, and other financial instruments. Vantage gives forex traders access to the world’s most liquid stock market Indices, including the S&P 500, DAX, FTSE, DJ30, and others. CFDs are complicated instruments with a significant risk of losing money, necessitating the use of cautious tactics.

The firm has established a next-generation environment to avoid accounts from losing money quickly owing to leverage and the intricate nature of these investment products (Raw ECN). It is one of the only real ECN brokers, allowing traders to trade forex pairs directly on institutional grade liquidity pools from the world’s major banks and institutions, with no spread betting mark-up. However, in certain situations, the traders charge a tiny fee of $3.00. Vantage FX is one of the Best MetaTrader Brokers in 2022, as well as one of the Best Copy Trading Brokers. Vantage separates itself from other MetaTrader-only brokers by providing a wide choice of extra add-ons and third-party platforms and tools that are compatible with MetaTrader.

The ASIC-regulated online forex broker (Vantage FX) provides live trading servers in New York and London, two important financial centers. These servers provide easy access to ECN market liquidity, which may subsequently be streamed into traders’ MT4 retail investor accounts.

Vantage FX Advantages

According to Vantage FX reviews, it offers the following essential benefits to its customers:

Simple-to-Use Platform

The Vantage FX provides a user-friendly platform that can be used by anybody with a reliable internet connection.

Low Minimum Deposit

To begin trading, the broker asks a minimal minimum deposit of $200.

Allows for Hedging and Scalping

Not all forex brokers enable hedging on their platforms since hedging can sometimes raise the broker’s risks. Vantage International Group Limited ensures that no accounts lose money by allowing both hedging and scalping on its platform, which adds to the company’s trustworthiness.

Version Demo

According to our Vantage review, it allows registered customers to test the demo version before engaging in actual trading. Vantage Demo provides a free demo account for new traders to practice on. The demo version includes all of the features of live trading as well as some virtual funds (to ensure that no accounts lose money while trading CFDs) that are credited automatically when a user establishes a demo account on the platform. The quantity of cash that you allow to keep your firm going determines its stability. All funds must be placed in the same name as your Vantage trading account. The capital of a trader has little bearing on their success. Instead, your trading capital will be affected by your performance.

Excellent Customer Service

Vantage customers may contact the customer care staff by email, phone, or live chat, and they are always available to address traders’ questions.

Is Vantage Markets governed?

Yes, Vantage FX is regulated, and the broker is licensed by both the Australian Securities and Investments Commission ASIC and the Financial Services and Markets Authority AFSL (Australian Financial Services License).

Aside from being licensed by the Australian Securities and Investments Commission ASIC, it is also a regulated broker in the United Kingdom by the FCA (Financial Conduct Authority) for institutional clients under the name Vantage Global Prime LLP and the Cayman Islands Monetary Authority (CIMA). Vantage FX serves Australian retail traders through its Vantage FX brand (as an authorized agent of Vantage Global Prime) and the rest of the globe through its Cayman Islands organization.

Opening a Vantage FX Account

According to the Vantage FX review, the registration (account opening) process at Vantage FX is fully digital and pretty simple. Opening an account with Vantage FX is similar to creating a profile with any traditional bank.

Here’s how to get started with Vantage FX:

  • On the website’s homepage, click the ‘Live Account’ option.
  • Following that, users must provide their entire name, phone number, nationality, and email address.
  • Following that, users must submit further personal information such as their taxation country, trading experience, and financial condition.
  • The following step requires users to pick their account type, platform, and account base currencies. Vantage FX allows clients to open accounts and deposit funds in the base currencies listed below.
  • USD – US Dollar, EUR – Euro, GBP – British Pound Sterling, NZD – New Zealand Dollar, SGD – Singapore Dollar, JPY – Japanese Yen, CAD – Canadian Dollar.
  • Finally, for the verification procedure, you must submit a copy of a photo identity card, such as a passport, as well as evidence of residency, such as a utility bill or bank statement.

The exact prerequisites for account opening may be found on the broker’s website. Users must deposit a minimum of $200 after opening an account and completing the registration procedure in order to get started.

Vantage FX Account Varieties

The broker provides 4 types of accounts to its customers: commission-based RAW ECN, commission-free Standard STP, PRO ECN, and CENT. RAW ECN users will find some of the industry’s lowest spreads. All three types of accounts are covered in detail below:

Standard STP

This is the most basic account, and it is best suited for beginning forex and CFD traders (forex brokers). A $200 deposit is required to start a Standard STP account on the Vantage FX platform. This account provides 500:1 leverage. Customers are not charged an extra commission for opening the Standard STP account, and the spread is around 1.4 pips. Spreads are unimpressive until you deposit at least $10,000 in order to qualify for active trader incentives.

Raw ECN

Raw ECN accounts allow customers to trade foreign currency (FX) on institutional quality liquidity provided by some of the world’s largest institutions. This broker may offer the lowest spreads to all clients. The initial deposit for the Raw ECN account is $500, and the Vantage FX leverage given is the same as in the Standard STP account, 500:1. The site costs a tiny $3 account opening fee, however the spread is 0.0 pips. With the RAW ECN account, traders may enjoy some of the industry’s most competitive spreads and lowest trading fees. Vantage FX is one of the cheapest forex brokers due to its high liquidity and access to narrow spreads as low as zero.

Pro ECN

Pro ECN, as the name suggests, is for pro (professional) traders who are adept at trading in the world’s main global markets at the lowest possible cost. This account requires a $20,000 initial investment, which is slightly larger than the other two accounts, however the leverage given is 500:1. A tiny $2 cost is charged to clients for opening the Pro ECN account, and the spread is 0.0 pips.

CENT

While trading conditions are the same as for standard accounts. Simply put $50 into your cent account. As a consequence, cent accounts will be ideal not only for inexperienced traders, but also for pros, allowing them to test new trading techniques or Expert Advisors in market circumstances without making large financial expenditures.

Trading Platforms and Tools for Vantage FX

Vantage FX broker provides its registered clients with the following trading platforms:

MetaTrader4

Vantage FX, like many other brokers, uses Metatrader 4 and 5. The MetaTrader4 web trader, sometimes known as MT4, is the world’s most popular online foreign exchange terminal. The broker has developed a first-of-its-kind broker feature: an Unlimited MT4 demo account! Vantage FX connects the platform to several FX liquidity pools using the bespoke oneZeroTM MT4 Bridge to make it more resilient. This broker completely utilizes the potential for trading forex on the Metatrader4 platform with the support of MetaQuotes, which greatly benefits its users. The MT4 platform provides the following capabilities to users: –

Effective Charting Tool

The MetaTrader4 platform provides the market’s most powerful charting tool. Customers may personalize price charts by applying numerous chart studies and trading indicators, and then compare them to other forex traders. As a result, traders have a wealth of account alternatives to select from, regardless of trading style.

Forex Signals That Work

Traders may track every order in real-time using the MT4 trading tool, thanks to the strong forex trading signals. MT4 forex trading signals may be screened before being applied to the user’s account, allowing them to shorten the process and follow the most profitable forex traders.

MetaTrader5

The MetaTrader 5 platform is the most widely used forex trading platform. It is the next version forex trading platform to be released by MetaQuotes Software Corporation following MT4 (the immediate successor of MT4).

Meta Quotes has merged and enhanced all of the features of MT4 before integrating them in the MT5 platform, making it the most sought-after forex trading platform to date. Vantage FX users who wish to utilize the MetaTrader5 platform can obtain the most recent version of MT5, which includes sophisticated features such as active EA and forex signals, as well as the option to hedge positions. This broker has its NY4, MT5 Equinix Server in New York, which allows main liquidity providers and clients to experience the fastest transaction executions possible while trading on MetaTrader5 through the broker.

The Metatrader5 platform provides the following advantages to its users:

Hedging and netting

With access to the market depth of Vantage FX’s liquidity provider, MT5 provides a comprehensive range of trading orders for flexible forex market, indices trading, CFDs trading, currency pairs trading, and commodities trading. The netting and hedging tools included in MT5 allow traders to keep complete control of their account risk management, which is critical for customers in attaining their objectives. Vantage FX traders now have access to an interesting new market via their MT4 and MT5 platforms: soft commodities. This commodity class has a thriving market with substantial buyers and sellers of the actual assets that underpin the futures market. CFDs are complicated instruments that carry a significant risk of losing all of your invested cash. You should think about whether you understand how this system performs and whether you can afford to lose your money.

Gain a Competitive Advantage

Some of the distinctive features supplied by the MetaTrader5 platform that assist users obtain a trading edge over MT4 users are faster execution speeds, narrow spreads, and comprehensive charting capabilities. MT5 allows its traders to view more timeframes on an infinite number of charts, which is not achievable on any other platform. Furthermore, MT5’s built-in alert system allows traders to stay on top of all major market happenings without having to reference an external economic calendar. As a result, traders never miss a tick when trading on MT5.

Programming Language MQL5

When users run MT5 signals, they receive extensively tested MT5 trading conditions long before they are even pre-approved by the platform’s creators, implying that all trading circumstances accessible to trade via the MT5 online trader platform are safe, secure, and reputable. This broker also uses a sophisticated MQL5 programming language to provide consumers with a better EA and automated trading experience.

Vantage Markets Mobile Trading App for MT5

Switching from one MetaTrader platform to the other is simple, and that is what MT5 customers enjoy on the Vantage FX platform; they may transition from MT4 to MT5 trading platforms with ease. New Vantage FX traders only need to fill out a form and they will be allowed to utilize MT5 in a matter of minutes.

Vantage FX Now Provides Social Trading

According to Vantage FX reviews, it provides the following social trading tools to assist consumers locate the most profitable trades:

ZuluTrade

Vantage FX differs from other MetaTrader brokers by providing extra platforms such as Zulutrade and DupliTrade. ZuluTrade is one of the world’s most popular online (and mobile) Social Trading platforms, with a significant client base. ZuluTrade allows users to find and follow successful and professional traders evaluated by ZuluRank (a proprietary performance evaluation system) (copy trading). After that, the trades are converted into real-time trades in the brokers’ accounts. Users’ trading accounts become an identical reproduction of the performance of the most brilliant Forex market traders in the social trading sector based on the performance of the traders they wish to follow. Users of ZuluTrade may also fully modify trades launched by expert traders they follow based on their risk tolerance levels and preferences. All of these capabilities are instantly fed into the trader’s Vantage MT4 trading account.

ZuluTrade customers may manage their accounts using a configurable management suite that includes comprehensive risk management features such as ZuluGuard, which protects the user’s account against volatile trading techniques. Regardless of the size of your account, there is no way to manage money successfully without the use of suitable procedures and techniques, and your capital will soon be depleted.

It is also extremely simple to get started with the ZuluTrade trading platform. To get started, just open a Vantage FX live account, complete out the ZuluTrade ‘Opt-in form,’ and connect it to the ZuluTrade social trading platform.

Autotrade on MyFXBook

Another social trading platform provided by the ASIC-regulated broker. Vantage FX, an online forex trading broker, has collaborated with AutoTrade to offer FX copy trading services to its registered forex traders. AutoTrade FXbook is a Vantage FX tool that allows users to mimic trades from top and successful FOREX trading methods. Over 90,000 active FOREX traders are presently registered on the AutoTrade platform. Connecting a Vantage FX account to the AutoTrade tool is also extremely simple, allowing traders to automate copy trading techniques and trade utilizing the in-depth analysis and data of professional forex traders.

Users must first create a Vantage FX AutoTrade trading account, which requires them to have an existing and distinct live MT4 trading account; live account holders are always free to open a Vantage FX AutoTrade trading account. As soon as the customers have a real MT4 trading account, they may link their Vantage FX AutoTrade Trading account with AutoTrade and follow the onscreen instructions.

The AutoTrade tool does not require any program downloads and may be accessed using any web browser available to traders.

Leverage for Vantage FX

Vantage FX provides conventional leverage that starts at 100:1 and can be extended to 500:1 depending on customer equity. A trader may, however, modify their leverage at any moment on the Vantage FX platform, but they should be aware of the significant hazards that come with it.

Fees for Vantage FX

Vantage FX’s price is generally in line with the worldwide industry norm. Deposit fees are charged when funds are transferred from your bank account to your trading account. The cost structure for various account types is detailed in depth below:

Account types Standard STP and Raw ECN

From April 2021, an usual spread of 1.1 pips is levied on the EUR/USD in the Standard STP account. The average spread for Raw ECN account types is 0.08 pips, with a $3 fee levied on each side (on a $6 per round turn), for a total spread of 0.68 pips.

Account Types for Pro ECN

Vantage FX has the most competitive trading fees (or spread) for PRO ECN account types; it costs a commission of $2 on either side (on a $4 per round turn).

Active Traders

The Vantage FX platform gives a $8 per standard lot incentive to active traders. However, the offer is presently only available on the Standard STP account, which has the biggest spreads of any Vantage FX account.

Furthermore, the platform does not impose any inactivity fees or internal deposit or withdrawal fees. There is also no cost for debit or credit card transactions or electronic wallet withdrawals. Customers may withdraw funds online by entering into the secure Vantage FX client site and clicking on the withdraw tab in the menu. One international bank withdrawal per month is free, however any future withdrawals on the site are charged in 20 currency units, such as $20 or €20, and so on.

Options for Deposit and Withdrawal

According to Vantage FX reviews, its consumers have a variety of deposit (payment methods) and withdrawal choices that are quite simple to use. Users may learn about the various deposit and funding ways on the broker’s website by visiting the client’s portal. However, the funding methods differ depending on the base currency pairings and the account holders’ residency. When trading CFDs, customers must deposit funds solely through their individual account in their name; no third-party payment methods are permitted on the site.

Vantage FX, on the other hand, puts some limits (conditions) on the number of transactions per day; the maximum amount that may be deposited in a day is AUD 10,000 or the equivalent in other currencies per card. The broker also sets a restriction on the first-time funding by card (debit or credit), which is limited to AUD 1000 or its equivalent. In addition, unlike other brokers, there are no margin restrictions.

Deposit options include cryptocurrency, Bpay, credit card, FasaPay, Neteller, PayPal, Moneybookers, Poli, Skrill, and wire transfer (bank transfer).

The following withdrawal alternatives are available to Vantage FX clients – Wire transfer (bank transfer) and Credit card. Customers can select any of the various withdrawal methods.

CPA Affiliate Program at Vantage FX

Vantage FX is a unique CPA partnership program that allows users (both individuals and corporate clients) to earn large referral commissions while also gaining access to highly tailored and targeted marketing platforms such as CellXpert. CellXpert provides its clients with a comprehensive system for serving advertisements, tracking conversions and click-throughs, managing the effectiveness of various campaigns, and, most significantly, allowing investors to access clear profit reports. Users may leverage from the Vantage FX group’s global reputation and strong brand awareness by collaborating with the firm.

Vantage FX Provides Resources

Trading Central provides Vantage FX users with third-party resources. Aside from that, the ASIC-regulated site provides additional important tools such as an economic calendar and numerous other in-house items such as daily films on current news, etc. However, according to certain Vantage FX reviews and user experiences, the platform does not give any extensive instructional content on its website, which is a critical disadvantage that the firm should address.

The following resources are available:

Everyday Videos

Vantage FX’s YouTube channel features regular market updates. The video streaming on the Trading Central platform enables Vantage Group to provide more interesting material to its subscribers.

Videos by Pro-Traders

Vantage FX offers a large collection of over 130 movies as part of its Pro Trader videos package. The material for pro-trader videos spans from brief introduction films for new traders to lengthier advanced topics in CFDs and (including cryptocurrency trading) for expert traders in a variety of marketplaces.

Calendar

This resource is perfect for traders seeking indications and actionable ideas. Analyst trading views are intended to serve as templates to assist traders in performing better automated analysis.

Client Portal

Clients using the Vantage platform can access a specialized client portal powered by Trading Central. However, the minimum deposit necessary for this is at least $1,000.

Future Improvements

Vantage expands its research resources by incorporating trading into its client site or research resources into its platforms. Furthermore, it strives to continually develop its selection of in-house material in order to improve its offering. When viewing spreads on the MetaTrader 4 platform, the platform’s feeds can originate from as many as 70 institutions. Because of this diversity, it may offer industry-leading spreads as low as 0.0 pips on RAW ECN accounts and 1.0 pips on Standard STP accounts.

Bonuses and Promotions at Vantage FX

According to Vantage evaluations, it provides the following benefits to its users:

Bonus for Signing Up

First-time traders who sign up on the Vantage platform are eligible for a $250 Vantage FX bonus (sign-up bonus). Furthermore, for each normal lot traded, two units of the sign-up bonus are turned into real money, which customers can withdraw at any time.

Bonus for Referrals

Users who recommend their friends and family to establish a legitimate account on Vantage will receive a $ 150 referral prize. Referrals earn $100 when they sign up for the platform using the Vantage referral code and satisfy certain requirements.

Additional Benefits

Vantage regular users are given a trading bonus that allows them to earn big refunds through the Active Traders Promotion. Such reimbursements, however, are only accessible to consumers with an account balance of $100,000 or more.

Vantage FX Mobile Application

With the Vantage app, you can trade from anywhere, at any time. The Vantage app provides clients with simple-to-use yet powerful mobile trading access to hundreds of FX Pairs, Share CFDs, Indices, and much more. The mobile app works on both iOS and Android smartphones. It comes with a comprehensive set of trading and investment tools that allow traders to trade worldwide markets at any time, from anywhere. The Vantage broker app provides its clients with the following advantages:

Effective Trading Tools

This Vantage review discusses how the mobile trading software provides users with a complete array of technical indicators such as Moving Averages, MACD, Bollinger Bands, 9 to 10 timeframes, and several other charting tools. Other unique features of the Vantage mobile app include order management, alerts, custom watchlists, Trading Central trading recommendations, a news calendar, and many more. All of this makes it simpler for traders to access global markets at any time and from any location. The broker now has an updated Account Manager System. This allows a trader to obtain as near to a personalized trading service as feasible.

Access to a Variety of Tradable Instruments

Users may access over 300 tradable instruments with the all-in-one Vantage trading software, including commodities, currencies, indices, share CFDs, and much more. The app also has a quick account creation procedure and advanced capabilities such as built-in funds management for simple deposits and withdrawals.

Market News Update

According to the Vantage review, it has teamed with Trading Central to deliver daily market news, worldwide financial commentary, in-depth market research, and other services to its consumers. As a result, the software is beneficial to both novice and experienced traders.

Vantage Markets Security Measures

According to Vantage reviews, it is one of the most secure brokers. Vantage completely conforms with tight financial regulation imposed by different agencies, which adds to the platform’s trustworthiness. Furthermore, the organization protects its customers with its unique ‘negative balance protection function. The corporation has also established a trader compensation plan, which includes an indemnity insurance scheme for users and allows them to keep their funds in separate accounts. However, the investor protection plan, which covers retail investor accounts when trading CFDs, is only available to UK residents.

Vantage Markets Customer Service Representatives

Vantage provides many avenues for users to contact the customer care staff, including live chat, email, and phone. According to Vantage FX ratings, the live chat system is the quickest channel, except during busy business hours when traders’ questions tend to pile up. The phone assistance is of average speed, but consumers appear to be pleased with the services provided by the personnel on the phone. Finally, email inquiries are responded to within a maximum of 24 hours. The customer service staff is accessible from 9 a.m. to 5 p.m., Monday through Friday.

Conclusion to the Vantage FX Review

Thus, Vantage FX is a trustworthy CFD and forex broker that provides a variety of products such as currency pairs, cryptocurrencies, and CFDs. The platform is ideal for new traders and those looking to trade on a tight budget. While the broker’s research and instructional offerings are expanding, Vantage FX still has a long way to go before it can compete with some of the best rated forex brokers in this area. According to the broker review, the platform’s ease for beginning traders is enhanced by minimal trading fees (or spread), no inactivity charge, and so on. However, the restricted product range (trading tools and instruments) and the restriction of investor protection programs for UK residents are merely minor flaws that the firm should address; otherwise, the platform is highly dependable.

FAQs

Is Vantage FX Affected by the Regulation?

Yes, Vantage FX is regulated by two Tier-1 regulators, 0 Tier-2 regulators, and 1 Tier-3 regulator.

How Long Does It Take to Withdraw from Vantage FX?

All withdrawal requests at Vantage FX brokers are processed between 9 a.m. and 5 p.m., Monday through Friday. As a result, requests submitted after 5 p.m. are handled on the next working day.

Is Vantage FX FCA licensed?

Yes, the FCA oversees Vantage FX regulation (Financial Conduct Authority).

What Is the Vantage FX Minimum Deposit?

The minimum deposit at Vantage FX is $200.

Vantage FX charges how much commission?

Vantage FX charges a $3 fee each lot traded.

Is there a negative balance in Vantage FX?

Vantage FX exclusively provides negative balance protection to UK customers.

Is Scalping Possible with Vantage FX?

Yes, Vantage FX supports scalping as well as hedging.

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