Vantage FX Overview
Telephone: 1300 945 517
Regulation: ASIC (Australia)
Pairs offered: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/SGD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/JPY, NZD/USD, USD/CAD, USD/SGD, USD/NOK, USD/CNH, USD/CHF
Minimum Deposit: $200
Spreads From: 0.0 PIPs
Max Leverage: 500:1
Markets: FX, indices, commodities, cryptocurrency
Deposit Options

VantageFX Broker Review

Vantage FX is an Australian-based Forex brokerage. It is owned and operated by Vantage FX PTY Limited, with full licensing and regulation courtesy of ASIC. Additionally, Vantage FX maintains segregated accounts for clients with National Australia Bank, an AA-rated banking institution. Client safety is assured by way of KPMG auditing, and there is additional indemnity insurance in compliance with ASIC regulatory guide RG 126 section 912B.

Overview/ background

 

Vantage FX is one of the leading providers of Forex trading services in Australia. Clients can enjoy lightning-fast trades on MetaTrader 4 and MetaTrader 5. Vantage FX is renowned for its wide range of Forex trading services. At the time of writing, this online brokerage offered 40+ Forex pairs, including major pairs, minor pairs and exotic currency pairs. Clients can enjoy deep liquidity and trades with spreads from as little as 0.0 pips.

Popular currency pairs include EUR/USD, AUD/USD, GBP/USD, and USD/JPY. Additional benefits for Forex traders include high leverage (500:1). The no dealing desk accounts at Vantage FX offer full transparency of services in a global network of FX trades. There are 2 unique account types available to traders including ECN accounts and RAW accounts. Over three dozen currency pairs are available from Monday through Friday across multiple Forex markets.

 

Account Types

 

There are two primary account types at Vantage FX. These include the Live Account, and the Demo Account. FX traders can open a live account in under 5 minutes, by submitting a few details such as: first name, last name, telephone number, email and individual/company, trust or self-managed Super fund. Further details are required, followed by verification of data. The FX demo account also requires a registration, but once you have entered your account details, you can be up and running.

 

Trading Platform/ software

 

Vantage FX provides multiple software platforms for Forex traders. These include MetaTrader 4 and MetaTrader 5. MetaTrader is also available for Mac. Several other options are also available such as MarketTrader, WebTrader, Mobile Trading Apps, MAM/PAMM, ZuluTrade, and MyFXBook AutoTrade. These trading platforms and the software that they run on are geared towards lightning-fast trades, stability, and maximum functionality. Among the many benefits of using this software are the following:

  • Tight spreads on Forex pairs
  • Dozens of FX trading options (major, minor and exotic pairs)
  • Full mobile functionality for Android smartphones and tablets, as well as iOS devices
  • Wide range of trading tools including complimentary FX VPS, EAs, economic calendars, Forex signals, MT4 indicators, FX sentiment indicators, Pysquation, and more.

 

Deposit options

 

Deposit options at Vantage FX include a number of credit cards, debit cards, bank wire transfer methods and e-wallets. Popular options include: Bank Wire Transfer: Australia, Bank Wire Transfer: International Swift, Visa, MasterCard, BPAY, POLi, Skrill, NETELLER, and Broker to Broker Transfer. Deposit options are available in multiple currencies including: AUD, NZD, USD, SGD, EUR, JPY, and GBP.

 

Markets

 

Besides FX currency pairs, multiple other markets are currently supported including indices trading, commodities trading and cryptocurrency trading. The following financial instruments are available under each category:

Forex trading – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/SGD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/JPY, NZD/USD, USD/CAD, USD/SGD, USD/NOK, USD/CNH, USD/CHF and many others.

Indices trading – SPA200 DAX30, SP500, FTSE 100, ASX S&P 200, China A50, Hang Seng Index, NASDAQ 100 and others.

Commodities – gold, silver, oil, natural gas, and soft commodities.

Cryptocurrencies – Bitcoin (BTC)

 

Bonuses

 

There are 8 Forex promotional offers available at Vantage FX. These include:

  • MT4 indicators
  • 88% cash bonus
  • FX rebates
  • Smart Trader Tools
  • Free Forex VPS
  • Psyquation Training
  • Email FX Signals
  • MarketTrader Forex Signals

Vantage FX offers multiple other promotional offers including a $100 friend referral bonus, the Kaizen $1,000 credit rebate promotion, the $500 survey promotion, and others. Details of these promotional offers are available via the promo page.

 

Customer Support

 

By clicking on the ‘Contact Us’ button, traders can easily get in touch with Vantage FX support. The following contact information is available:

  • VFX Clients telephone number for Australia 1 300 945 517
  • VFX Clients telephone number for international clients +61 28999 2044
  • New clients can contact support via telephone at +61289992046, or email accounts@VantageFX.com
  • Head Office – Vantage FX PTY LTD, AC and 140903886, AFS license #428901
  • Melbourne office – telephone +61390933460
  • Social Media – Facebook, Twitter, LinkedIn, G + and YouTube

Vantage FX support representatives work hard to respond to trader queries in a timely fashion. Live chat functionality is an effective way to contact customer support as an existing client, or for general inquiries. Live chat is powered by ZenDesk.

 

Safety

Multiple safety protocols are in place to protect clients. These include segregated bank accounts (client funds are kept separate from company funds with National Australia Bank), ASIC regulation, MT4 and MT5 trading platforms, KPMG audit services, indemnity insurance, full transparency, and PWC accounting services. Vantage FX does not offer dealing desk execution, and Vantage FX does not offer requotes.

 

Ease of Use

 

Vantage FX offers forex traders complete transparency in all dealings. Besides FX trading, there are multiple other assets to trade include commodities, cryptocurrency, indices and more. Each category of financial instruments is listed clearly on site, and drop-down menus make it easy to use this broker. Multiple tools are provided, including a comprehensive education section for newbies and established traders. The presence of a demo account is a great way to learn to trade online, before you switch to a real money account.

 

Final Thoughts

Vantage FX offers MT4 and MT5 for Mac, PC, and mobile access to the currency markets. These world-class trading platforms are the gold standard in the FX industry. Vantage FX is easy to use, and there are plenty of bonuses and promotional offers to keep clients happy.

Pros
  • Demo Trading
  • 500:1 Leverage
  • ASIC regulation
  • Spread as low as 0.0
  • 70+ financial instruments
  • 100% safety and security
  • MT4 and MT5 for Mobile, Mac and PC
Cons
  • Limited Financial Instruments
  • Many generous promos have expired
  • Limited Deposit/Withdrawal options
  • Limited Account Profiles (Just 2)
  • High Leverage on Standard Accounts
Vantage FX Overview
Telephone: 1300 945 517
Regulation: ASIC (Australia)
Pairs offered: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/SGD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/JPY, NZD/USD, USD/CAD, USD/SGD, USD/NOK, USD/CNH, USD/CHF
Minimum Deposit: $200
Spreads From: 0.0 PIPs
Max Leverage: 500:1
Markets: FX, indices, commodities, cryptocurrency
Deposit Options
Pros
  • Demo Trading
  • 500:1 Leverage
  • ASIC regulation
  • Spread as low as 0.0
  • 70+ financial instruments
  • 100% safety and security
  • MT4 and MT5 for Mobile, Mac and PC
Cons
  • Limited Financial Instruments
  • Many generous promos have expired
  • Limited Deposit/Withdrawal options
  • Limited Account Profiles (Just 2)
  • High Leverage on Standard Accounts