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
| πΊοΈ Regulated in | Australia, UK, Vanuatu, Cayman Islands |
| π‘οΈ Is Vantage FX safe to trade | Yes |
| π΅ EUR/USD spread | 1.4 pips |
| π¦ Deposit | Bank Wire, Cards, Skrill, Neteller |
| π° Minimum deposit | US$200 |
| π¦ Withdrawal | Bank Wire, Cards, Skrill, Neteller |
| π» Trading platform | MT4 |
| π³ Trading markets | Forex, CFDs on Indices, Metals, Energies, Shares |
| π Number of product | 300+ |
| π Live chat response | Instant and relevant answers |
Regulation
License and regulation are keys to security. There are two facts checked, the brokerβs 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
| Entity | Registered in | Regulator | License no. | Status |
Vantage Global Prime Pty Ltd | Australia | Australian Securities and Investments Commission (ASIC) | AFSL No. 4289017 | Currently Regulated |
Vantage Global Prime LLP | UK | Financial Conduct Authority (FCA) | 590299 | Currently Regulated |
| Vantage International Group Limited | Cayman Islands | Cayman Islands Monetary Authority (CIMA) | 1383491 | Currently Regulated |
| Vantage Global Limited | Vanuatu | Financial Service Comission (VFSC) | Reg. No. 700271 | Registered |
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
| Entity | Compensation Amount | Negative Balance Protection |
Vantage Global Prime Pty Ltd | No compensation | Yes |
Vantage Global Prime LLP | Β£85,000 | Yes |
| Vantage International Group Limited | No compensation | No |
| Vantage Global Limited | No compensation | No |
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.
| Markets | Instruments |
| Forex | 44 |
| Indices | 16 |
| Commodities | 19 |
| Cryptocurrencies | β |
| Shares | 226 |
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 STP | RAW ECN | Professional ECN | |
| Minimum Deposit | 200 USD/EUR/GBP | 500 USD/EUR/GBP | 500 USD/EUR/GBP |
| Spreads From | 1.2 pips | 0.0 pips | 0.0 pips |
| Commissions | Zero Commissions | 1$ per lot per side | Β£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
| Markets | Instruments | Low | Average | High |
| Forex | EUR/USD | 0.1-0.9 | 1-1.5 | 1.6 or higher |
| Indices | US 500 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
| Commodities | Gold | 0.1-0.4 | 0.5-2 | 2.1 or higher |
| Stocks | Tesla | 0.1-0.5 | 0.6-1 | 1.1 or higher |
| ETFs | US Russell 2000 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
| Cryptocurrencies | Bitcoin | 0.1-0.5% | 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.
| Markets | Instruments | Standard account | Other brokersβ avg spread |
| Forex | EUR/USD | 1.5 | 1-1.5 |
| Indices | US 500 | 0.3 | 0.5-1.4 |
| Commodities | Gold | 1.1 | 0.5-2 |
| Stocks | Tesla | 6$ per order | 0.6-1 |
| ETFs | US Russell 2000 | β | 0.5-1.4 |
| Cryptocurrencies | Bitcoin | β | 0.6-0.9% |
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 Conditions | Yes/No |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Change Leverage Allowed | Yes |
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 Method | Funding Time | Fee |
| Bank Wire Transfer | 2-5 business days | 0$ |
| Credit / Debit Card | Instant | 0$ |
| Skrill, Neteller | Instant | 0$ |
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 Method | Withdrawal Time | Fee |
| Bank Wire Transfer | 1-3 Working Days | Free |
| Credit Cards | 1-3 Working Days | Free |
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%.
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.
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
- βClinetsβ section on the website
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 β international proposal
- βClientβ 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.
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
Vantage FX live chat is fast speed, Chat agents available on the platform, mobile app and website
| Question Asked | We asked about ECN trading connection. |
| Time of Reply | We were connected to customer support Live Chat almost instantly |
| Quality of Reply | The 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
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.