Vantage FX Review

Vantage FX Review

Forex, Metals, Indices, Energies, Shares & Cryptocurrencies

  • MT4 & MT5
  • $200 minimum deposit
  • Micro lots
  • 500:1 leverage
  • ECN Trading
  • ASIC & CIMA regulated
  • 180+ markets
  • 95+ Shares CFDs
ECN MT5 and ECN MT4 Forex Broker • Shares CFD Trading  • Vantage FX

Vantage FX Review

Vantage FX is a regulated ECN broker offering both MT4 and MT5 for desktop and on mobile. It has a Standard STP account which does not charge commissions, a Raw ECN account which does, Islamic (swap-free) accounts and a Pro ECN account for traders who trade high volumes. Vantage FX offers both the MT4 and MT5 trading platforms for all accounts. MT5 is a successor to MT4 and has a number of platform enhancements.

Vantage FX minimum deposit: The minimum deposit for the Standard STP account is $200. The minimum deposit for the Raw ECN account is $500. The minimum deposit for the Pro ECN account is $20,000.

So what does Vantage FX offer the trader ? Firstly, it provides ECN trading on both MT4 and MT5. This means it is possible for the trader to trade using automated trading strategies, which are known as robots and Vantage FX welcomes Forex robot trading and allows scalping. The trader can use robots others have designed or can create them either in MQL4 for MT4 or MQL5 for MT5.

The trader does not have to use robots to trade MT4 or MT5 and both have a full range of platform features for traders who trade at their own discretion. However even the discretionary trader may find that their strategies become too demanding to execute and with MT4 and MT5 they have the option of automating them. ECN trading offers high speed order execution and no dealing desk intervention. On the MT4 platform Vantage FX has a relatively wide range of markets for an ECN broker, which tend to be focused on Forex (as this market is traded via the ECN, it is not traded on an exchange).

Vantage FX supports social and copy trading via ZuluTrade and Myfxbook AutoTrade.

To open a real trading account, the trader fills out the account opening form, uploads verification documents and waits for the account to be approved. The trader will be given access to a client portal, from where they can request additional trading accounts (e.g. to trade on the platform they did not initially choose). The trader can also open a Vantage FX demo trading account. If they have an active real account, the demo account does not expire, otherwise the demo account expires after 30 days.

The full offering of markets on MT4 includes Forex, Metals, Energies, Futures, Soft Commodities, Cryptocurrencies, Indices and Hong Kong and US Equity CFDs for a total of 180+. The Hong Kong Equity CFDs give access to a range of markets including Hong Kong, China, the Far East and around the world. When trading a CFD the trader does not own the underlying market (for example they do not own a Share or a Cryptocurrency). CFDs allow the trader to trade on the value of the market, as the value of the CFD is referenced to the value of the underlying market. The Soft Commodities CFDs include US Cocoa, Coffee Arabica, Cotton, Orange Juice and Sugar Raw. The Crypto CFDs are Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin and Ripple. There is also a range within Energies, as Vantage FX's offering includes Gasoline and Low Sulphur Gasoil as well as Heating Oil and Natural Gas. So the trader can use STP and ECN trading and apply robots on a relatively wide range of markets.

There are some differences between the STP and ECN accounts, though they offer the same markets to trade. The STP account does not charge commissions and has a minimum deposit of $200. For the STP account, Vantage FX selects liquidity providers and uses 30+. Spreads on Standard STP account are from 1.4 (for EUR/USD and AUD/USD) with no commission charge.

On the Raw ECN account, which has a minimum deposit of $500, the trader is trading directly on the Interbank Market, via a One Zero MT4 Bridge (like the Standard STP account). Spreads on the Raw ECN account are from 0.1 (for EUR/USD) plus a commission charge of $3 per lot per side.

The Pro ECN account has a minimum deposit of $20,000 and is for high volume traders, whether automated or discretionary. The Pro ECN accounts offers direct access to Interbank price feeds. Spreads on the Pro ECN are from 0 (for EUR/USD) plus a commission charge of $1.75 per lot per side.

All of the accounts use trading servers located in Equinix data centers which are connected to a fiber optical cable network. This allows orders to be routed from liquidity providers extremely rapidly.

The full range of markets on the MT5 platform also includes Forex, Metals, Indices, Energies, Futures, Soft Commodities, Shares and Cryptocurrency CFDs, for a total of 130+. There are 45+ Forex pairs. The MT5 accounts are called Hedge STP and Hedge ECN.

For people in Australia, Vantage FX Pty Ltd ACN 140 903 886 is an Authorised Representative [no: 343547] of Vantage Global Prime Pty Ltd ACN 157 768 5661. Vantage Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Vantage Global Prime's Australian Financial Services Licence (AFSL) number is AFSL 428901.

Outside of Australia, Vantage FX is a trading name of Vantage International Group Limited. Vantage International Group Limited is authorised and regulated by Cayman Islands Monetary Authoriy (CIMA) with Securities Investment Business LAW (SIBL) number 1383491.

Vantage FX's standard leverage is from 100:1. Depending on the equity in the account this may be increased up to 500:1 upon request from the client area, however increasing leverage increases risk. The minimum trade size is 0.01 (micro lots).

Vantage FX allows deposit via Credit or Debit Card, Bank Wire Transfer, BPAY (Australia), POLi Payments (Australia), Skrill/Moneybookers, Broker to Broker Transfer and FasaPay. Vantage FX does not charge deposit or withdrawal fees.

Client funds are held in segregated accounts at National Australia Bank, which is one of the largest banks in Australia.

Active Traders Rebate: Active traders who have an account balance of $10,000 or more can earn a rebate of up to $8 per lot per trade directly into the trading account, T&Cs apply.

So Vantage FX offers the trader a number of potential 'advantages'. For discretionary traders it provides high speed order execution and access to liquidity, MT4 and MT5 and in particular a solid range and depth of markets to trade, including Shares CFDs in both China and the US. For automated traders it provides all the same pluses, but it also offers support for a wide range of automated strategies, from simple indicator rules to advanced algorithmic high volume trading.

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