According to the findings of our Vantage FX review, signing up for a trading account is quick and easy, and requires a minimum deposit of $200, or £200 if you’re accessing the UK entity. Aside from the opportunity to sign up to an affiliate program there’s nothing much in the way of bonuses for new signups to the UK site.
It’s a different story if you sign up to the Australian entity though, with a generous 50% match from Vantage FX against your first deposit, with a maximum payout of $500. There’s an additional 10% match bonus for deposits greater than $1.000, and a recurring 10% deposit match against all future deposits into your Vantage FX account. If bonus offers and promotions are important to you, we suggest you also take a look at our IronFX review.
Once we’d taken a look at the new customer bonuses, our Vantage FX review focussed on the navigation, usability and overall design of the site. And we have to say that we found it extremely easy on the eye, with a cool colour palette of blue, white and orange.
All the necessary navigational links are laid out across the top of the screen, making it easy to find your way to the parts of the site you’re looking for. Towards the lower section of the page there’s also a very useful site map, and there’s a search box at the top of every page that lets you track down specific topics and products.
A major part of our Vantage FX review involved examining the various accounts on offer, with some good options to choose from.
Our Vantage FX review discovered that every client can benefit from a completely free demo account, which remains active indefinitely, so you can advance your trading knowledge and experience completely risk free. This is something that even the most experienced traders appreciate, as it’s such a useful tool. Members of the Australian entity can explore their trading activities across the MT4 and MT5 trading platforms, whilst UK-based clients are currently limited to MT4.
Raw ECN Account
According to the research for our Vantage FX review, the Raw ECN account is the most popular option for traders, mainly because it offers institutional grade liquidity from some of the best-known global organisations. The Raw ECN account gives access to cost-effective trading solutions with no spread mark-up, and just $1 in commission per side. According to Vantage FX, this gives them the ability to provide their clients with some of the lowest spreads and commissions throughout the forex trading world.
Standard STP Account
Our Vantage FX review discovered that the Standard STP Account is ideally suited to traders looking for increased liquidity alongside market depth, transparent pricing, speedy execution and low spreads. There’s no commission to pay, and Vantage FX promise lightning-fast trades with some of the tightest spreads to be found in forex trading. And with leverage access of up to 500:1, traders have the ability to manage risk more effectively, with the possibility of substantial returns.
PRO ECN Account
The top tier account we uncovered during the course of preparing our Vantage FX review is the PRO ECN Account. This was introduced to allow fund managers and professional traders to benefit from exceptional speeds in conjunction with low trading costs. The PRO ECN Account offers exceptionally tight spreads from just 0.0, with commission of just $2 per side, per standard FX lot. This makes the account ideal for dealing in high volume trades, whether manual or automatic.
In this section of our Vantage FX review we’ll be taking a close-up look at the trading platforms on offer. If you sign up with the Australia-based site, you’ll find you have a great range of options, although these become rather more limited for traders accessing the UK website, who only have access to MT4 and ProTrader.
MT4 and MT5
Also known as MetaTrader 4, MT4 is the most popular online trading platform in the world, thanks to its incredible capabilities. Customised via the oneZero MT4 Bridge, the platform gains extra power from being connected directly to the deep FX liquidity pools offered by Vantage FX. This is a flexible trading platform accessible across all web browsers and is even supported by handheld devices, giving instant access to the markets no matter where you are.
MT5 has taken all the features of MT4 and expanded on them to come up with an improved trading platform. MT5 lets you hedge positions, making it the ideal solution for professional forex traders. Our Vantage FX review discovered that the Equinix server, located in New York, gives the fastest possible trade executions, helping to make it the number one option for experienced and knowledgeable traders. Other brokers also offer these trading platforms for South African traders, as you’ll see from our Interactive Brokers review.
Designed for all types of traders, from the scalpers to the swing traders, ProTrader provides access to a huge variety of indicators. There are suites of tools to help with in-depth market analysis, with 12 chart types, including candlestick charts. There’s even a selection of drawing tools to help with your market analysis and improve your trading skills.
For those traders who prefer to access the markets on the go, our Vantage FX review pinpoints the Vantage App as the perfect solution. Available as a download for iOS and Android devices the app gives Vantage FX account holders the opportunity to access commodities, indices, share CFDs and FX pairs from just about anywhere. Complete with inbuilt trading and investing tools, the Vantage App lets you do everything from opening an account to managing your funds easily and efficiently.
In this section of our Vantage FX review we’ll be taking a look at your deposit and withdrawal options, as well as examining any potential fees you might be charged. Deposits can be made in a number of currencies, including AUD, USD, EUR, GBP, NZD and CAD.
Deposits can be made via credit and debit cards, bank wire transfer, eWallets, such as Neteller and Skrill and online systems such as POLI and BPay. Vantage FX doesn’t charge anything for making deposits and withdrawals, although note that some eWallet transactions may incur charges from the provider.
Withdrawals are usually actioned within 24 hours, but it can take up to 7 days for the funds to be received into your bank account depending on your provider and the method chosen.
Fees – A fair and transparent fee structure at Vantage FX
Unlike some brokers, our Vantage FX review found that there are no charges for opening an account or for depositing funds, just as you’ll find in our FXTM review.
There are no inactivity fees either, which is bound to please traders. You won’t be charged for actioning credit and debit card withdrawals either, or for withdrawing funds to an eWallet. All clients are also permitted to make one free international bank withdrawal per month too. Any additional withdrawals are charged at $20 each.
When we compared the fees and commission charged by Vantage FX in comparison to other, similar brokers, our Vantage FX review highlighted the fact that this broker’s charges are low, particularly when it comes to forex fees. The CFD trading rates are fairly average, as although stock index CFD fees are on the low side, stock CFD fees are higher.
Unlike some other online brokers, our Vantage FX review discovered that customer support is available 24/7, with options to chat online, over the phone or via email. But before you ask for help, we recommend checking through the site’s help and support pages, to see if your query has already been addressed.
As an award-winning broker that’s been around for over 10 years, Vantage FX is an established name in online trading. As part of our Vantage FX review, we checked the broker’s regulators, and discovered that the operator is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cayman Islands Monetary Authority (CIMA) and the Vanuatu Financial Services Commission (VFSC). We also established that client funds are held in a safe and secure account, separate from all other assets controlled by Vantage FX.
Ten years may not seem a particularly long time in the world of online trading, but it’s been long enough for Vantage FX to win a whole collection of industry awards. The broker has been praised for its low and transparent pricing structure and lightning-fast trading platforms, with the following awards picked up in just the last couple of years:
- Best MT4 / MT% Broker & Lowest Trading Costs – at the 2020 Global 100 Awards
- Financial Trading Services Provider of the Year – at the 2020 M & A Today Awards
- Excellence in Customer Service – at the 2021 Fintech Awards
If you’re looking for a broker who can offer you a choice of trading platforms, a range of accounts and round-the-clock support, then Vantage FX could be your new perfect trading partner. Australian signups have the best choice of trading platforms, but the range of currency deposit options and 300+ instruments to trade make Vantage FX a good option for most types of traders. There’s no option for trading crypto though, only cryptocurrency CFDs, which is something we also came across when preparing our Plus500 review.
Our Vantage FX review uncovered transparent pricing, low fees and a good range of helpful tools to help guide and inform your trading decisions. Although aimed primarily at the experienced trader, there’s plenty of help and advice on hand to support beginners too. Thanks to unlimited demo trades on the practice account, it’s possible to learn as you trade, helping to minimise the potential financial risks.