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Overview

For thousands of new traders on the hunt for the best online trading platform, wading through the endless search results can be a time-consuming and tiresome task. With that said, how do you decide which broker is right for you?

In this Vantage FX review 2021, we cover everything you need to know from fees and commissions to payments and account types so that you can spend more time trading and less time searching.

What is Vantage FX?

Vantage FX

Established in 2009, Vantage FX has been offering access to the most liquid financial market in the world via forex trading, as well as other financial instruments such as CFD derivatives.

Vantage FX was designed to help both beginner and advanced traders reach their financial goals. This CFD and forex trading platform supports a wide range of trading platforms from the Vantage FX trading app, to the world-class MetaTrader 4 and MetaTrader 5 trading suites.

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital.

One of Vantage FX’s best selling points is that it offers market-leading spreads as low as 0.0 pips, as well as low non-trading fees. These are important factors to bear in mind when selecting a trading platform because they help to keep your trading costs as low as possible.

Overall, Vantage FX is a great trading platform for new traders to learn the ins and outs of online trading with a variety of features and tools at their disposal. Users can access more than 300 forex, commodities, indices, and share CFDs from the comfort of their own homes. Moreover, keen forex traders can identify global market volatility with daily forex signals.

Vantage FX Pros & Cons

What we like

  • Access to 300+ Forex, share, commodities, and stock index CFDs
  • Regulated by several top-tier financial institutions such as the FCA, CIMA, VFSC, and ASIC
  • Vantage FX Clients’ funds are held in segregated accounts with an AA-rated bank in Australia
  • Leverage of up to 500:1
  • Paper trading demo account with a virtual account balance of $100,000
  • Fast and easy account opening process
  • 3 trading accounts for all types of traders
  • Spreads from 0.0 pips and commission from $0 depending on the account type
  • Nine account base currencies helps to avoid conversion fees
  • Wide range of funding methods
  • Forex spreads from just 0.0 pips on Vantage FX Raw ECN accounts

What we don’t like

  • Product selection limited to CFDs

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital.

What Can You Trade on Vantage FX?

Vantage FX provides access to 300+ forex, commodities, indices, and share CFDs. In this section, we will explore the different types of CFD instruments you can trade when you open an account with Vantage FX.

Forex

The forex market is the largest financial market in the world with a daily trading volume of more than $6 trillion. Nearly all trades on every single market such as futures and stock markets are affected by forex trading. Banks, governments, businesses, and individual traders all take part in this highly liquid global forex market. Their participation leads to market volatility, which forex traders can then take advantage of by using financial vehicles such as leverage to maximise their profits.

Vantage Forex Trading

Vantage FX forex traders have access to more than 40 currency pairs with spreads from 0.0 pips when using a RAW ECN account. For example, the minimum spread for the EUR/USD pair is 0.1 pips and for the AUD/USD pair is 0.2 pips. These range from major, minor, and exotic forex pairs such as:

  • EUR/USD
  • AUD/USD
  • GBP/USD
  • USD/JPY

Additionally, you can choose your exposure levels with forex leverage of up to 500:1. This means that an initial deposit of $1,000 could give you exposure to $500,000 of purchasing power.

When it comes to cryptocurrency trading, you can access 7 crypto-to-fiat pairs including Bitcoin and other altcoins:

  1. BCH/USD
  2. BTC/USD
  3. EOS/USD
  4. ETH/USD
  5. LTC/USD
  6. XLM/USD
  7. XRP/USD

Indices CFDs

Gain direct access to stock exchange indices with the highest liquidity via your MetaTrader 4 and MetaTrader 5 trading platforms. Integrated with the oneZero MT4 bridge, Vantage FX offers fast execution speeds.

Vantage FX supports the most liquid stock exchange indices such as the S&P 500, FTSE 100, DAX 30, NAS 100. This means that you can boost your portfolio diversification by trading index CFDs on markets such as the ASX Trade24, Singapore Exchange, Chicago Board of Trade, Eurex, ICE Futures Europe Financials, ICE Futures US Currencies, and Cboe Futures Exchange.

At Vantage FX, all trading strategies such as scalping, hedging, swing trading, and automated trading, are supported. You can also use up to 200:1 leverage when trading index CFDs.

Commodity CFDs – Precious metals, energies, and soft commodities

With a Vantage FX MT4 and MT5 brokerage account, you can take long-term position trades in commodities such as physical gold and silver, with the ability to go either long or short.

The added benefit of CFD trading is that you do not take ownership of the underlying asset, as you speculate on future price movements of the market.

Gold trading is widely accepted as a safe haven amongst traders and investors across the world. In the current volatile market environment, adding Gold to your investment portfolio through the Vantage FX MT4 and MT5 platforms can work towards reducing the impact of significant black swan events that shake the markets.

Vantage FX commodities trading

Moreover, Vantage FX also offers access to soft commodities trading which is a robust market full of corporate and independent traders of the physical assets that back the futures market. In the financial sector, the term ‘soft commodities’ is generally used to refer to assets that are grown as opposed to those that are mined.

There is a constant demand for soft commodities, especially as the global population continues to grow.

Vantage FX account holders can trade energy markets with the click of a button from your desktop PC or mobile device. Traded on the futures markets and quoted in USD per gallon, Vantage FX gives users exposure to Gasoline and Crude Oil through the immensely popular MetaTrader 4 trading terminal.

Let’s take a look at some of the different commodities you can trade with a Vantage FX trading account:

Asset Market Minimum Spread Leverage Contract Size
Natural Gas Cash Nymex/CME 5 pips 20:1 10,000 BTU
West Texas Crude Oil Future Nymex/CME 16 pips 100:1 1,000 barrels
Brent Crude Oil Cash Market Cash 36 pips 100:1 1,000 barrels
US Cocoa Cash Nymex/CME 50 pips 20:1 10 lbs
Coffee Arabica Cash Nymex/CME 29 pips 20:1 37500 lbs
XAUUSD FX Spot 1 pips Max 500:1 100 oz
XAGUSD FX Spot 18 pips 100:1 5,000 oz

Share CFDs

Vantage FX’s leveraged share CFDs allow users to trade both long and short in 50 of the largest shares of stock listed on the NYSE, Nasdaq, as well as companies listed on UK, EU, and Australian stock exchanges. At Vantage FX you can trade US share CFDs from just $6 per order per side, as well as use leverage of up to 20:1, which means that you can start with a relatively small initial margin.

Vantage FX caters to all trading styles. So whether you are a short or long-term investor, and prefer to trade actively or passively with an expert advisor, you can trade share CFDs on a speculative basis with leverage, and gain exposure to highly liquid share CFDs across the US, UK, EU, and AU exchanges.

Vantage FX share CFDs

For example, you could trade share CFDs of Apple (APPL), Microsoft, Google, Amazon, Total, Sanofi, Bayer AG, and ANZ Banking Group Limited with leverage up to 20:1, with a commission as low as $5 – €10 depending on the asset you choose.

Vantage FX Fees, Commissions, and Account Types

If you’re wondering why we’ve included account types in the fees and commissions section of this review, this is because the trading fees vary depending on the type of account you choose.

Vantage FX offer three trading accounts:

  1. The Standard STP Account is ideal for beginner traders who are looking for straightforward access to financial markets with 100% zero commissions.
  2. The RAW ECN account is perfect for advanced traders who need deep liquidity and market-leading spreads.
  3. The PRO ECN account is designed for active professional investors and portfolio managers who trade high volume.

For a complete breakdown of the trading fees and commissions you are likely to encounter when trading with any of the aforementioned account types, please refer to the following table.

Account Type Minimum Deposit Minimum Trade Size Leverage Spreads from Commission
Standard STP $200 0.01 lot Up to 500:1 1.4 pips $0
RAW ECN $500 0.01 lot Up to 500:1 0.0 pips From $3.00 per lot per side
PRO ECN $20,000 0.01 lot Up to 500:1 0.0 pips From $2.00 per lot per side

When it comes to non-trading fees, Vantage offers very competitive fees including no deposit or withdrawal fees, as well as no inactivity fees. It is important to note that when it comes to withdrawing money from your account it needs to go to a bank account in the same name as your verified Vantage FX trading account.

Non-trading fee Charge
Account Fee None
Deposit Fee None
Withdrawal Fee None
Inactivity Fee None

Neteller withdrawals are limited to $10,000 per transaction and are charged a 2% fee, capped at $30 per transaction.

Vantage FX User Experience

The Vantage FX web trading platform is supported by the MetaTrader trading suite. Both MT4 and MT5 trading platforms are widely popular with all types of traders due to their fully customizable designs and intuitive interfaces. Additionally, there are dozens of languages to choose from such as Chinese and English.

Vantage FX user experience

In terms of search functionality, all tradable assets are divided into relevant categories, but there is no search box where you can manually search for an instrument. However, the overall feel and experience of the MT4 web trading platform is streamlined and simple. You can also place basic order types such as Stop Loss and Take Profit.

As we have already mentioned, new traders can take advantage of the demo account that offers up to $100,000 worth of paper funds. This means that you can trade in a simulated trading environment that is based on live market conditions without the risk of losing any actual capital.

Furthermore, you can also integrate social trading into your trading strategy via the following supported platforms:

  • ZuluTrade
  • MyFXBook Autotrade
  • DupliTrade

Vantage FX Features, Charting, and Analysis

Charting tools and features

Toolbar – At the top of the main MT4 trading window you have the toolbar which allows you to navigate through the terminal adjusting and modifying things to suit your trading style and preference.

Charts – In the center of the screen, the chart section allows you to populate up to 4 different charts at the same time.

Market Watch – The Market Watch window is located at the left side of the terminal and this lists all the supported markets that you can trade as well as the real-time bid and ask prices, otherwise referred to as the spread, the High and Low prices, and the Time.

What about technical indicators?

Vantage FX technical indicators

A variety of technical indicators can be implemented into your charts by clicking on the Add Indicators icon. You can choose from the most popular Trend indicators and Oscillators such as:

  • Bollinger Bands
  • Moving Average
  • MACD
  • RSI
  • Parabolic SAR

Furthermore, you can open a new chart in the same template as your existing charts by clicking on your preferred market and dragging it over the open chart that you want to copy.

Social Trading

Vantage FX traders can take advantage of social forex trading with ZuluTrade and gain exclusive access to a network of over 10,000 experienced forex traders and profitable investment strategies.

Vantage FX social trading

Getting started is simple enough. Just pick the professional trader you want to follow and diversify your portfolio with several strategies. Your trading account will replicate the performance of the professional traders that you follow. In terms of ease of use, the social trading features are streamlined into your Vantage MT4 trading account.

Copy Trading

When you link your Vantage FX trading account to DupliTrade, you can access a portfolio of professional proprietary investors. Then you simply need to select the traders you want to copy based on their past performances and trading style, and their trading strategies will be copied to your Vantage FX MetaTrader account.

Vantage FX Duplitrade

Educational Resources and Free Trading Tools

If you hover over the Clients tab in the navigation bar you will find an array of educational materials ranging from platform manuals and video tutorials to educational webinars, daily market updates, an economic calendar, and forex sentiment indicators.

In other words, there is an abundance of accessible resources for novice traders to sink their teeth into and develop their online trading skills and knowledge.

Vantage FX Mobile App Review

With the Vantage FX trading app, you can gain exposure to global markets through CFD derivatives anywhere at any time from your iOS or Android mobile device.

Vantage FX mobile app

The Vantage FX trading app provides investors of all levels of trading experience with mobile access to a wide range of forex pairs, commodities, indices, share CFDs, and social trading.

Equipped with a range of technical indicators including MACD and Bollinger Bands, charting tools, and several timeframes, the Vantage FX trading app supports user-friendly mobile charting.

Vantage FX mobile trading app

As well as being able to manage your trading portfolio you can deposit and withdraw funds with the click of a button. Moreover, Vantage FX has teamed up with Trading Central to offer market analysis, financial news updates, extensive market analysis, all in real-time from the Vantage FX app.

Vantage FX Payments

Vantage FX allows traders to open accounts and deposit funds in eight different base currencies which include AUD, USD, EUR, GBP, NZD, SGD, JPY, and CAD.

The available payment methods include via credit card, debit card (Visa and Mastercard), wire transfer, and a whole host of e-wallets and e-payment options such as Skrill, Neteller, and FasaPay to name a few. The processing times vary from instant to 2-5 business days depending on the payment method. The same applies for the deposit fees with credit/debit cards incurring zero fees while Skrill and Broker-to-Broker Transfer are subject to bank transfer fees.

When it comes to withdrawals, Vantage does not charge any fees but payments to and from international banking institutions may incur intermediary transfer fees which have nothing to do with Vantage FX. Additionally, all withdrawn funds are required to go to a bank account under the same name as the Vantage FX trading account.

In terms of making a withdrawal, traders can simply log into the client portal and tap on the withdraw tab from the main menu.

Payment Method Processing Time Fees Available Currencies
Domestic Electronic Funds Transfer 1-2 business days $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
Credit/Debit Card (Visa/Mastercard) Instant $0 AUD, USD, GBP, EUR,SGD, JPY, NZD, CAD
JCB Instant $0 JPY
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
FasaPay Instant $0 USD
Domestic Fast Transfer (Australia Only) Up to a few hours, during AEST Business hours $0 AUD
POLi Payments (Australia Only) Within 24 business hours $0 AUD
AstroPay Instant $0 USD and the majority of local currencies
Thailand Instant Bank Wire Transfer Instant $0 USD

Vantage FX Refer a Friend and Deposit Bonus

When you refer a friend you could earn a bonus of $150 and $100 for your referral when they open a Vantage FX trading account, deposit at least $1,000, and start trading assets. The process is easy, simply share the unique link via social media platforms and when your friends follow the link and start trading with a Vantage FX account you will receive a $150 bonus and your friends will receive $100, both of which can be redeemed whenever you want.

Vantage FX refer a friend

To opt-in to the Deposit Bonus simply make a deposit and Vantage FX will offer you a 50% credit bonus on your initial deposit (up to $500 credit) as well as a 10% credit bonus for deposits greater than $1,000 (up to $19,500 credit). Moreover, you will also gain a 10% credit bonus on any deposits you make in the future.

Vantage FX Contact and Customer Service

For any questions or issues you may have you can get in touch with the customer support team at Vantage FX via email, Live Chat, or telephone 24 hours a day, 7 days a week.

If you have any questions regarding the account opening process then you are advised to contact customer services on Monday to Friday between the hours of 9 am and 5 pm via [email protected]

Additionally, you can also browse through an in-depth FAQs page and a dedicated Help Centre for general queries.

Is Vantage FX Safe?

Vantage FX is part of Vantage Global Prime Pty Ltd. and is regulated and authorised in various jurisdictions around the world. This includes top-tier financial regulators such as the Cayman Islands Monetary Authority (CIMA), VFSC under Section 4 of the Financial Dealers Licensing Act, the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

Furthermore, client funds are held in segregated accounts with an AA-rated Australian bank, which happens to be amongst the top four financial institutions in Australia with a market capitalization of just under $94 billion.

Vantage FX also has Professional Indemnity Insurance, otherwise referred to as errors and omissions. This means that business owners, employees, and other authorized representatives are protected if clients claim that the standard of service is substandard.

Vantage FX also provides negative balance protection which means that if your account balance drops below zero you will be covered.

How to Start Trading with Vantage FX

To start online trading with Vantage FX all you need to do is follow the steps below.

Step 1: Open a Live Trading Account

Vantage FX account opening process

To open a live trading account simply head over to the vantagefx.com website and click on the open live account at the top of the screen. This will take you to an online form where you are required to enter your details including full name, country of residence, phone number, email address, and the account type you wish to trade with. Then simply click on the red Open Live Account button.

Step 2: Verification and Deposit Funds

In keeping with strict KYC regulations, you will need to upload proof of identity and residency which can be copies of your passport and a recent utility bill.

Once your account has been verified by Vantage FX you can deposit funds into your account via a myriad of payment methods. For example, if you choose to deposit via a Visa credit card, not only are there $0 deposit fees but your funds will be credited to your account instantly.

Step 3: Start Trading

As we have already discussed, you can trade using the MetaTrader 4 and MetaTrader 5 trading platforms, as well as ZuluTrade’s social trading services, DupliTrade’s copy trading services, or the fully-fledged mobile trading app.

Vantage FX start trading

To buy on the MT4 trading platform simply right-click over the asset in the Market Watch window and click on New Order. This will populate an order ticket in the middle of the terminal where you can specify the volume, place stop loss, and take profit orders. Once you are happy with your choices simply click on the Sell by Market or Buy by Market buttons to execute the trade.

Vantage FX Review – The Verdict

All in all, Vantage FX is a widely popular and regulated broker that has tons on offer. From low commissions and market-leading spreads to social and copy trading capabilities, it’s hard to find fault with this free trading platform.

With access to hundreds of markets via CFD instruments, you can speculate on the price movements of the markets without taking ownership of the underlying assets. Furthermore, you can trade with leverage of up to 500:1. To jump-start your online trading journey, simply follow the link below and open a Vantage FX account today!

Vantage FX – Best CFD and Forex Broker With Leverage Up To 500:1

Vantage FX

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital.

FAQs

What is Vantage FX?

Established in 2009, Vantage FX is a widely popular CFD and forex trading platform that is regulated by several top-tier financial institutions including the FCA, ASIC, CIMA, and VFSC. The financial services company boasts market-leading offerings including access to more than 300 financial instruments such as forex pairs, indices, share CFDs, social and copy trading, and more. You can also trade CFD derivatives with leverage of up to 500:1 on certain assets.

How to login to Vantage FX

To login to your Vantage FX account simply click on the Client Login button at the top of the screen and enter your account credentials.

How to download MT4 from Vantage FX

Start by selecting MT4 as your preferred trading platform during the account opening process. This will lead you to a screen where you can download the MetaTrader desktop platform. Then simply open the MT4 terminal by tapping on the icon on your desktop. Next, select File and Login to Trade Account. To connect your Vantage FX trading account to the MetaTrader 4 platform simply enter your login credentials and tap on Login.

What does spread mean in forex?

The spread is the difference between the ask and the bid price which is typically measured in pips.

What does leverage mean in forex?

Leverage is a crucial element of CFD trading and spread betting, and can be an effective vehicle for gaining greater exposure to a market and making your capital go further. Leverage functions by using margin to give you greater exposure to underlying assets. In other words, you invest a portion of the trade’s total value and your broker supplies the rest in the form of a loan. Therefore a 20:1 leverage ratio means that the minimum margin requirement for an investor would be 1/20. This means that a $20,000 trade would necessitate $1,000 as margin.

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