With Vantage FX, you can trade currencies, commodities, indices and CFDs through the MetaTrader 4 and MetaTrader 5 investment platforms. Also, this broker offers you a large number of commission-free financing options and two types of faster running accounts.
If you are looking for a broker that offers you a good fee structure, several alternatives for you to deposit and manage your money from the investment platform and that transmits security, Vantage FX can be a good alternative.
It is true that Vantage FX is a broker that has good characteristics in several aspects. But, we strongly believe that Capital.com is the best online trading platform because is one of the easiest and cheapest ways to trade CFDs on equities, commodities, indices, Forex pairs and cryptocurrencies anywhere in the world. Capital.com offers you zero fees on intra-day trading, a lightning-fast web platform and their proprietary Negative Balance Protection. Also, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface.
|Ease of Use||8|
|Deposit & Withdrawal Options||10|
|Demo Account & Educational Resources||7|
|Safety & Regulation||10|
What is Vantage FX?
Vantage FX is an Australian online broker founded in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) and Cayman Islands Monetary Authority (CIMA). It currently has more than 50,000 actively trading clients from around the world. However, it is important to note that Vantage FX does not offer its services in North Korea, Canada and the United States.
Pros & Cons
Vantage FX Pros
- It is a regulated broker.
- 0 deposit fees.
- High execution speed.
- The investment platform is good.
- Competitive spreads.
Vantage FX Cons
- There are trading fees for one type of account.
- There is a minimum initial deposit.
- The supply of financial instruments is limited.
- It does not have 24/7 customer support.
Vantage FX allows you to open two types of accounts:
Standard STP Account
It is the ideal trading account for traders ready to move into the live trading environment. With this account, you will gain direct access to institutional grade spreads, consistent pricing transparency, faster execution, low spreads and no commissions.
Raw Electronic Communication Network (ECN) Account
You’ll have the opportunity to trade Forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 USD commission.
#1 Vantage FX Fees
There are zero account opening or maintenance fees on all Vantage FX live Forex trading. Also, you will not have to pay fees for making deposits or withdrawals of funds.
The spreads and commissions on Vantage FX will depend on the type of account you decide to use:
- Standard STP account: with this type of account you can trade financial instruments with spreads that start at 1.4 pips and you will not have to pay commissions.
- Raw ECN account: with an (ECN) account you can trade financial instruments with 0 spreads but you should pay a fixed commission of $3 USD for each lot.
Vantage FX allows you to choose between an account with no commission with a low spread or an account with a low commission and zero spread. For this reason, the broker is very well rated in this aspect.
Vantage FX Fees Score: 10/10
#2 Signup Process
You can do the signup process entirely online. However, because Vantage FX is a regulated broker, you must verify your identity.
ID Documentation Required
You should provide a copy of one of the following documents:
- Passport (must be currently valid).
- Valid Driver’s Licence.
- Valid Proof of Age card: If you send a proof of age card, your copy must be certified (notarized) as a true copy of the original document.
Your should provide a copy of one of the following documents:
- Valid Passport.
- Driver Licence.
- National Identity Card.
- Proof of Age card.
- Any photo ID other than a Passport must be notarized (certified) as a true copy of the original document.
At Vantage FX, you must wait up to two days to manage your trading account which is not ideal. It is not a question of impatience, it is a question of money. If you are sure of the movement of any financial asset, you need to invest as soon as possible to take full advantage of the market evolution, so waiting can make you lose money. For this reason, the broker loses points in this category.
Vantage FX Signup Process Score: 7/10
#3 Minimum Initial Deposit
The minimum deposits that Vantage FX can accept are $200 USD for all Standard STP accounts and $500 USD for the ECN account.
The deposit amount is low, but Vantage FX loses points due to the fact that there are other brokers that require lower amounts and some do not even require a minimum deposit.
Below we show you the minimum initial deposit required by other brokers:
Vantage FX Minimum Initial Deposit Score: 8/10
#4 Vantage FX Ease of Use
Vantage FX offers you MetaTrader 4 (MT4) as the investment platform, which has a friendly and intuitive interface despite its advanced features. Also, this platform is very useful and is the most used tool by traders in the world.
You will be able to find a large number of chart options, indicators, and plotting tools. Also, the customization possibilities allow you to be much more efficient when analyzing and making the best investment decisions.
The platform offers you the following features:
- Built-in market for expert advisors and custom indicators.
- Interactive customizable charts.
- Reliable Virtual Private Server service.
- CFD trading.
- Cryptocurrency trading.
Vantage FX: Mobile App
Using MT4 is not limited to your computer or the web; you can use MT4 on your cell phone too. The mobile application will allow you to use the same tools like the PC version. The app is very well rated in the Android store 4.6/5 and in the Apple app store 4.6/5.
The world of trading is characterized by constant learning and this case is no exception. Although Vantage FX’s investment platform is wonderful, the broker loses points due to the time that you will have to invest to learn how to comfortably use the investment platform.
Vantage FX Ease of Use Score: 8/10
#5 Deposit & Withdrawal Options
Vantage FX will allow you a large number of deposit and withdrawal options in the following base currencies:
- AUD – Australian Dollar
- USD – United States Dollar
- EUR – Euro
- GBP – British Pound Sterling
- NZD – New Zealand Dollar
- SGD – Singapore Dollar
- JPY – Japanese Yen
- CAD – Canadian Dollar
|METHOD||PROCESSING TIME||FEES||AVAILABLE CURRENCIES|
|Domestic EFT||1-2 business days||$0||AUD|
|Domestic Fast Transfer (Australia Only)||Up to a few hours, during AEST Business hours||$0||AUD|
|International EFT||2-5 business days||$0||AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD|
|BPAY (Australia Only)||1-2 business days||$0||AUD|
|POLi Payments (Australia Only)||Within 24 business hours||$0||AUD|
|Credit/Debit Card (Visa and MasterCard)||Instant||$0||AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD|
|China Union Pay||Instant||1.30% – 2.50%||USD|
|Neteller||Instant||Subject to Neteller’s fees||AUD, USD, GBP, EUR,SGD|
|Skrill||Within 24 business hours.||Subject to Skrill’s fees||USD, EUR, GBP, CAD|
|Broker-to-Broker Transfer||2-5 business days||Subject to bank transfer fees||AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD|
|Thailand Instant Bank Wire Transfer||Instant||$0||USD|
You can use the same alternatives to withdraw money from your trading account. Vantage FX does not charge any internal fees for deposits or withdrawals. But, please note that:
- Payments to and from overseas banking institutions may attract intermediary transfer fees from either party which are independent of Vantage FX.
- All withdrawal requests are processed Monday to Friday 9 am – 7 pm (AEST). Requests received after 7 pm will be processed on the next business day.
- All withdrawal requests are processed according to the funding source of origination. For example, if a deposit is made via debit/credit card; then a subsequent withdrawal request is received, the funds sent back to the relevant debit/credit card, may not exceed the original amount deposited from the same. Any profits made in excess of the deposited amount will be transferred to the nominated bank account, which must be held in the same name as your trading account.
- Debit/credit card refunds can take between 3 – 5 business days from the date of processing to appear on your statement.
Vantage FX obtains the highest score in this category because it is a broker that stands out for offering a wide variety of funding alternatives and withdrawal of money from the investment platform.
Vantage FX Deposit & Withdrawal Options Score: 10/10
#6 Customer Support
Vantage FX offers you a good customer support service with which you can be attended immediately.
- Email: firstname.lastname@example.org
- Live chat
- U.K: +44 207 100 8625
- China: 400-120-9301
- Canada: 1-888-442-4106
- International:+61 2 8999 2044/+442080363883
The broker’s customer support is fast and excellent, it offers several alternatives for you to communicate with the technical staff in 14 different languages. This gives Vantage FX a perfect score in this category.
Vantage FX Customer Support Score: 10/10
#7 Asset Classes
Vantage FX offers you the opportunity to trade stocks of stable and profitable companies such as Apple, Google, Amazon, Facebook, etc. Also, on the Vantage FX platform you can buy stock indices of the main international markets:
You can buy 40+ currency pairs. For example, AUD/CAD, EUR/GBP, EUR/USD, SGD/JPY, etc
You can buy precious metals like gold.
You can buy this type of financial instruments through CFDs.
The supply of financial instruments offered by Vantage FX is rather limited. Unfortunately, you will not be able to trade bonds and cryptocurrencies. This factor reduces the diversification capacity of your portfolio and hence, this broker’s score in this category.
However, if you are looking for a broker that offers you better alternatives, we recommend you read the following articles:
- Forex.com Review: The Global Forex Trading Specialist
- Pepperstone Review: A Platform For Forex & CFDs
- Interactive Brokers: Experience And Reliability In A Single Broker
There you will see that these brokers have a wider variety of financial assets.
Vantage FX Asset Classes Score: 7/10
#8 Referral Program
Vantage FX offers you a referral program in which you and the person you refer can win. As soon as your friends fund their account with a minimum of $1,000 USD and start trading, you will receive a $150 USD bonus and your friend will receive $100 USD.
The broker loses points in this category because to earn extra money with the referral program it is necessary that the referral invests $1,000 USD. In the world of retail investing, that amount is high and makes getting the bonus a bit difficult.
Vantage FX Referral Program Score: 6/10
#9 Demo Account & Educational Resources
Vantage FX Demo Account
Vantage FX allows you to open an unlimited demo account. This wonderful tool will allow you to test your hypotheses and investment strategies without risking real money. The demo account consists of a fictitious paper trading account that will allow you to test the platform and see if it’s right for you.
Vantage FX Educational Resources
Although Vantage FX offers educational material and some interesting tools, the content, in general, is limited. But, you can take advantage of, for example, the economic calendar to track important, potentially market-moving events and some tools that can be used in Metatrader 4.
The educational resources that Vantage FX offers are limited. There are other brokers such as Capital.com that offer a much more complete and varied educational resources.
Vantage FX Demo Account & Educational Resources Score: 7/10
#10 Safety & Regulation
Vantage International Group Limited trading under Vantage FX is authorized and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491 and is registered at Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111
Vantage Global Prime Pty Ltd trading under Vantage FX is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901 and is located at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia.
Vantage Global Prime LLP is authorized and regulated by the Financial Conduct Authority, FRN: 590299 and is registered at 30 Moorgate, London EC2R 6PJ, United Kingdom (Company No. OC376560). Some card transactions are processed by Vantage Global Prime LLP.
The broker offers you great security when you invest your money because it is a broker that has important regulations. For this reason, Vantage FX has a solid rating in this regard.
Vantage FX Safety & Regulation Score: 10/10
Vantage FX vs. Capital.com
Selecting the broker that best suits your investment strategies and plans is one of the decisions you must make with the greatest amount of information available so that you can operate without distractions and focus on making money. Moreover, it should also allow you to be confident when investing your money by letting you do the best analysis possible at the same time offering you the lowest rates. Taking into account the most relevant aspects for an investor, we prefer Capital.com over Vantage FX for the following reasons:
The Best Investment options
Vantage FX has a good number of financial instruments that you can invest in. However, Capital.com offers you several possibilities because on its investment platform you will be able to access a greater number of financial instruments. This feature is really important because with Capital.com you will be able to have a greater capacity for diversification when building your investment portfolios.
Quick and easy account opening
If you want to trade now without having to wait for days struggling to verify your trading account, we recommend you visit Capital.com. You can open your account and trade in less than 20 minutes.
It Provides More Educational Resources
At Capital.com you have more tools and options so you can study the market and create the best investment plans. For example, you will be able to access:
- Free financial webinars.
- Educational courses for traders.
- Extensive market glossary.
- Comprehensive CFD trading guide.
- Cryptocurrency trading tutorial.
- Investmate, Capital.com’s investor education app.
Vantage FX In Summary
- Vantage FX was founded in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) and Cayman Islands Monetary Authority (CIMA).
- The broker allows you to open two types of accounts: Standard STP Account and Raw ECN Account.
- There are zero account opening or maintenance fees on all Vantage FX live Forex trading. Also, you will not have to pay fees for making deposits or withdrawals of funds.
- You can do the signup process entirely online.
- The minimum deposits that Vantage FX can accept are $200 USD for all Standard STP accounts and $500 USD for the Raw ECN account.
- The support team is available 24 hours a day from Monday to Friday.
- Vantage FX offers you a referral program in which you and the person you refer can win.
- Vantage FX allows you to open a demo account.
If you are looking for a regulated broker with fast execution, excellent customer service and that also allows you to save money thanks to its low fees, Vantage FX can be a very good alternative because it also offers a great variety of deposit and withdrawal methods.
Generally speaking, we think that Capital.com is a better alternative because it offers a broader base of investment options and the educational content is comprehensive and helpful. In addition, the trading platform has an excellent interface and the signup process is faster than Vantage FX’s. For these reasons, we think that Capital.com is a superior and ideal broker for all types of investors. If you are a beginner or experienced trader, you will see that this wonderful broker is an ally that will allow you to exploit capital gains to the maximum.