Vantage FXVantage FX is an online Forex broker based in Australia way back 2009. It has received numerous awards
and is known as one of the top online brokers not only in Australia but all over the world. It has earned and provides its clients with a safe and transparent trading since then in as much as it offers them advanced online trading services. 

In the hope of giving the best service they can offer to their clients, Vantage FX in continuous search of Forex and Binary Options trading. 

Basic Information on the Vantage FX Broker

  • Regulator – ASIC
  • Trading Platforms – MT4, MT5, Zulu Trade, Myfxbook Autotrade
  • Available since – 2009
  • Minimum deposit – $100
  • Leverage – Up to 1:500
  • Spreads (& commission) – 0.4 pips ($3 per lot)
  • Minimum trade size – 0.01 lot
  • Demo account – Available
  • Mobile Trading – Available
  • Trade Signals – Automated Trading.
  • US Clients – Yes
  • Islamic Account – Yes

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Trading Platform

Vantage FX offer clients a wide array of trading platforms that they can choose from. The trading platforms available are MT4, MT5, Zulu Trading and Myfxbook Trading. 

MT4 and MT5 are the most known and standard trading platform by almost all brokers. It comes with advanced charging package, superb technical indicators and supports automated trading. It also has the capacity to support real-time communication for real-time updates. 

ZuluTrade allows Vantage FX clients to access the different strategies and techniques used by successful traders. Through this, they are enabled to copy such technique or strategy for an increased success rate. 

Vantage FX also makes use of the Myfxbook AutoTrade which is the most well-known copy trading platform. This means that a Vantage FX client can copy the successful technique of his or her fellow traders. 

Mobile Trading

Mobile trading is also available wherein clients only need to download the app on their smartphones and they can already start trading. They can also access everything through their mobile just like how it is on the web. Once set up, clients can start trading right in front of their fingertips. 

Account Types

Vantage FX offer clients two account types to choose from. 

  1. Standard STP Account – A Standard STP Account requires a minimum deposit of $100 with a leverage of 500:1. It offers $2 per lot rebate. It spreads from 1 pip with no commission.
  2. Raw ECN Account – A RAW ECN account requires a minimum deposit of $500 with no rebate. It spreads from 0 pip with $3 commission per lot traded. The leverage is 500:1.

For clients of Islamic belief, Islamic account is also available which have the same features as the first 2 accounts. The only difference is that there is no overnight interest applicable and there are no hidden charges. 

Demo Account

There are 2 types of demo accounts that clients can try out. The first one is the Forex demo account and the second one is the unlimited MT4 demo account. The latter is preferred by more clients as they want to practice trading using the MT4 trading platform which they can maximize when trading for real. 

Minimum Deposit

A minimum deposit of $100 is required in order for someone to open an account with Vantage FX. This is a reasonable amount knowing how reputable they are in the industry. 

Payment Methods

In the hopes of making their client’s life convenient, Vantage FX offers their clients a variety of payment methods they can choose from. These include credit or debit cards, Neteller, Skrill, broker to broker, Bank Wire Transfer and so much more. 

Maximum Leverage

The maximum leverage offered by Vantage FX is 1:500 which is already considered high compared to other brokers. Keep in mind that trading with a high leverage comes with great risk and a great loss when not carefully done. 

Spreads and commisions

With such low liquidity, Vantage FX offers a spread which starts from as low as 0. The average spread is 0.4 pips with a commission of $3 dollars per lot.

Regulation and License 

Vantage FX is under the regulation of Australian Securities and Investment Commision (ASIC), a prestigious and reputable financial regulatory commission which implement strict guidelines and minimum operating standard. ASIC require brokers to implement strict internal control measures in accounting and risk management before they will issue a broker’s license.

Customer Service

Vantage FX offer customer support for 24 hours from Monday to Friday with different languages to cater clients of different nationalities. 

Benefits of Trading with Vantage FX

Clients who trade with Vantage FX enjoy a lot of benefits which include a wide choice of trading platform, cryptocurrency coin support and secured trading process. Clients are ensured that they are treated with utmost confidentiality. 

Pros

  • Wide choice of trading platform 
  • Low initial deposit 
  • Reputable regulator 
  • Wide choice of payment options 

Cons

  • No major negative side about the broker 

Conclusion

Vantage FX is a good choice for traders as it is under the regulation of a prestigious organization on as much as the services offered are advanced. The required minimum deposit is low too which means that one can open an account without shedding too much money.

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