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Want to see if Vantage FX is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this Vantage FX Review.

We checked all Vantage FX licenses and regulations to see if Vantage FX scam or safe. We compared Vantage FX fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is Vantage FX

Vantage FX is Australian Forex and CFD broker, established in 2009.

The broker started in Australia under regulation by high trusted ASIC, and further expanded to UK obtaining FCA regulation, also running two offshore entities in Vanuatu and Cayman Islands for global operations.

Vantage FX highlights

🗺️ Regulated inAustralia, UK, Vanuatu, Cayman Islands
🛡️ Is Vantage FX safe to tradeYes
💵 EUR/USD spread1.4 pips
🏦 DepositBank Wire, Cards, Skrill, Neteller
💰 Minimum depositUS$200
🏦 WithdrawalBank Wire, Cards, Skrill, Neteller
💻 Trading platformMT4
💳 Trading marketsForex, CFDs on Indices, Metals, Energies, Shares
📈 Number of product300+
📉 Live chat responseInstant and relevant answers

Regulation

License and regulation are keys to security. There are two facts checked, the broker’s license and its background, second how are you protected if something goes wrong.

Is Vantage FX legit

Vantage FX is fully legit and is regulated by two top-tier authoritites with highest trust Australian Securities and Investments Commission (ASIC),  and FCA in the UK.

Two international entities based in offshore Vanuatu and Cayman Islands are not regulated by registered according to local laws.

Vantage FX licenses and status

EntityRegistered inRegulatorLicense no.Status

Vantage Global Prime Pty Ltd 
AustraliaAustralian Securities and Investments Commission (ASIC)AFSL No. 4289017Currently Regulated

Vantage Global Prime LLP 
UKFinancial Conduct Authority (FCA)590299Currently Regulated
Vantage International Group LimitedCayman IslandsCayman Islands Monetary Authority (CIMA)1383491 Currently Regulated
Vantage Global LimitedVanuatuFinancial Service Comission (VFSC)Reg. No. 700271Registered
Vantage FX Review – ASIC License
Vantage FX Review – ASIC License

Is Vantage FX safe

Vantage FX is considered safe because it is regulated by several reputable authorities including ASIC and top-tier FCA.  

Vantage FX operates 4 entities and is regulated by 2 regulators with high requirements and regulation, plus two entities are registered in offshore zones.

The matter of entity applies regulatory measures, protection of the clients and differences between audit controls.   

Vantage FX compensation scheme

EntityCompensation AmountNegative Balance Protection

Vantage Global Prime Pty Ltd 
No compensationYes

Vantage Global Prime LLP 
£85,000Yes
Vantage International Group LimitedNo compensationNo
Vantage Global LimitedNo compensationNo

We recommend to register account with Australia or UK entities as we consider these regulations the best

Vantage FX provides negative balance protection for retail trader accounts. However, offshore entities does not require this measure, also risks are much higher due to low regulations.

Markets and Products

At Vantage FX you can trade good variety of products including Forex, CFDs on Indices, Oil, Metals, Commodities and Shares.

Cryptocurrencies are also now missing from the trading portfolio, also range of instruments is different in each subsidary.

Binary Options

Binary Options were available for trading in Vantage FX at its beginning, however now broker does not offer Binary Options trading due to its high risks.

MarketsInstruments
Forex44
Indices16
Commodities19
Cryptocurrencies
Shares226

Account types

Vantage FX offers three account types, Standard STP, Raw ECN and Professional Account, that differ in pricing model, included benefits and trading deposit.

Login

Login VantageFX is on main page of the relevant subsidiary website, there are four domains operated by Vantage FX.



Standard STPRAW ECNProfessional ECN
Minimum Deposit200 USD/EUR/GBP500 USD/EUR/GBP500 USD/EUR/GBP
Spreads From1.2 pips0.0 pips0.0 pips
CommissionsZero Commissions1$
per lot per side
£1.00
per lot per side

Fees and commissions

We ranked Vantage FX fee levels low and average based on Live Account Spreads and compared to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

Vantage FX fees are different in each account type.

ECN Pro account fees are very good and competitive we got 0.1 for EURUSD plus 1$ commission per side.

Spreads only Standard STP account fees are based on variable tight spreads with no commission charges. On our test trades the spreads were average levels for Forex and low for Indices compared to industry benchmarks and low for Forex.

MarketsInstrumentsStandard accountOther brokers’ avg spread
ForexEUR/USD1.51-1.5
IndicesUS 5000.30.5-1.4
CommoditiesGold1.10.5-2
StocksTesla6$ per order0.6-1
ETFsUS Russell 20000.5-1.4
CryptocurrenciesBitcoin0.6-0.9%

Other Fees

Vantage FX has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.

Trading Conditions

The trading conditions at Vantage FX are good, but different in each entity. Almost all trading strategies are allowed including scalping and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there is no time limitation for keeping positions.

Scalping is allowed, Vantage FX cooperating with VPS service providers, Expert Advisors (EAs) trading has no restrictions.

Social trading is also offered via ZuluTrade, DupiTrade and MyFXBook for international traders.

Leverage                                       

Vantage FX Leverage and the change of leverage maximum levels depending on the entity regulations and goes up to 1:500.  

Deposit

Vantage FX charges no deposit fees. You can choose your preferred currency and use various methods like bank transfer, credit cards, and e-wallets, beware the range is different for each subsidiary, international traders can use a way more alternative methods.  

A bank transfer usually take several business days, and payments with credit/debit cards and e-wallets are instant.

Deposit MethodFunding TimeFee
Bank Wire Transfer2-5 business days0$
Credit / Debit CardInstant0$
Skrill, NetellerInstant0$

Minimum Deposit

The minimum deposit requirement is 200$, AUD, GBP or currency you denominate your account for Standard STP Account. ECN account will require at least 500$.   

Withdrawal

Vantage FX covers fees for withdrawals, typically Vantage FX process withdrawals to either Credit Card or via Bank Wire transfer as the most trusted options.

Withdrawals are processed within 2 days by the broker, plus additional days for money to appear on your account due to payment providers.

Withdrawal MethodWithdrawal TimeFee
Bank Wire Transfer1-3 Working DaysFree
Credit Cards1-3 Working DaysFree

Bonus

Vantage FX offers bonuses solely though international entities, since regulations does not restrict promotions.  You can sign for Welcome Bonus, Refer a Friend program, Active Trader Program and get FX Rebates of 10%.

Vantage FX Review – Bonus via Vanuatu subsidiary
Vantage FX Review – Bonus via Vanuatu subsidiary

Trading Platform

Vantage FX mainstays solely on MetaTrader software.

MT4

Vantage FX MetaTrader4 is supporting multiple languages and available in each Vantage FX entity proposal, covering Desktop versions for Windows, Mac, and Mobile Apps for Android and IOs.

MT5 is offered to Australian clients and for international proposal, also including social trading capabilities.

Vantage FX Review – MT4 platform
Vantage FX Review – MT4 platform

Research and Tools

Vantage FX research tools are also different in each entity. Youcan use Economic Calendar, Forex Calculator, MT4 Smart Trader and Sentiment Indicators available either on the platform or via the website.

However, we found that international proposal offers a way ore tools including also Pro Trader tools and additional features available via the MT5 platform, plus daily market analysis.  

Vantage FX research tools are available in different places:

  • Trading platforms
  • ‘Clinets’ section on the website
Vantage FX Review – Vantage FX tools International proposal
Vantage FX Review – Vantage FX tools International proposal

Education

Vantage FX education content is informative and organized. But similarly to tools and overall proposal education is much more detailed for International clients.

You can learn via trading videos, Manuals, Tutorials and Daily market Update by inhouse specialists. UK clients, however, can only get manuals.

Vantage FX education offering:

  • Demo account
  • Trading videos, articles
  • Manuals
  • Copy Trading and Social Trading, Daily Outlooks – international proposal
  • ‘Client’ section on Website

Demo Account

Demo account is offered on free basis and available for all platforms and account types depending on the entity conditions.

Vantage FX Review – Vantage FX education International proposal
Vantage FX Review – Vantage FX education International proposal

Customer Service

Vantage FX customer service is good, Live agents are helpful supporting various languages and available 24/7, we also got fast answer via the Live Chat.

Customer Support available by:

  • Live chat
  • Telephone
  • Email
Vantage FX Review – Customer Service
Vantage FX Review – Customer Service

Vantage FX live chat is fast speed, Chat agents available on the platform, mobile app and website

Question AskedWe asked about ECN trading connection.
Time of ReplyWe were connected to customer support Live Chat almost instantly
Quality of ReplyThe answer was good, refereeing to relevant entity conditions

Conclusion

Vantage FX is a safe broker to trade. The company is regulated by trustable ASIC in Australia and top-tier FCA. Vantage FX offers good flexibility between account types, pricing models, also costs are low.

The negative points is that international proposal offered by offshore entities is a way more reach with more tools included, better education and platform selection. Nevertheless, it is recommended to open accounts with regulated subsidiaries as they are more trustable.

We recommend Vantage FX for traders who look for true ECN connections with low costs

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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