Vantage FX Review 2019 | Is Vantage FX a Scam or Legit Forex Broker?
Rating breakdown
Vantage FX Overview
Vantage FX is a Forex ECN and CFD broker headquartered in the Cayman Islands, offering 120+ tradable assets across Currencies, Indices, Commodities and U.S and Hong Kong Share CFDs on the MetaTrader platform for Mac, PC, iOS and Android and other social trading platforms.
| # | Broker's Features | VANTAGE FX Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ❌ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ❌ |
| # | Swaps | ❌ |
| # | Demo account | ✔ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ❌ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ❌ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Vantage FX.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Vantage FX offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.
Tradable Products: Vantage FX offers 120+ tradable assets covering Forex ECN, Indices, Commodities and U.S and Hong Kong Share CFDs.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Vantage FX is ECN, STP.
Features: Vantage FX offers additional unique trading products such as social trading options, MT4 Smart Trader Tools and MT4 indicators from Trading Central.
As Vantage FX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Vantage FX recommended minimum capital is $200.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Vantage FX is regulated by ASIC, CIMA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Vantage FX is authorised and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group.
Languages Available: Next lets have a look at each broker's different Language options. Vantage FX offers Chinese, English, Thai, Vietnamese.
Payment methods: Next lets have a look at each broker's payment options. Vantage FX offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Vantage FX offers multiple ways for traders to fund their trading accounts such as bank wire transfer, credit card, Paypal, Neteller, Skrill, China Union Pay and more.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Vantage FX makes MT4, MT5, myFXbook, Zulutrade available to clients.
Web & Desktop Trading Platforms: Clients of Vantage FX have access to the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS. Users can also access the MT4/MT5 Web Trader platform, as well as social trading platforms MyFXbook and Zulutrade.
Mobile Trading Platforms: Vantage FX offers the MetaTrader 4 and MetaTrader 5 mobile trading apps for iOS and Android operating systems.
Trader Education
Vantage FX offers trader education material on their dedicated Forex Education page where users can access an impressive Forex Education Academy and a wide range of videos on using MT4 and MT4 and the MT4 Smart Trader Tools.
Promotions
Vantage FX offers an impressive range of bonuses and promotions such as Trading Credit, an Active Trader Program, a 50% Deposit Bonus, a 10% FX Rebate Bonus and an 8.88% Cash Bonus, among others.
Support
Vantage FX offers 24 hours a day, 5 days a week support through a variety of mediums including phone, email, live chat and remote TeamViewer in English, Mandarin, Thai and Vietnamese.
Final Thoughts
Vantage FX offers a wide range of research tools and market analysis and commentary through Forex News, Forex TV and a dedicated Technical Analysis page, although it is not regularly updated.
Trading Experience
The variety of trading accounts, trading platforms, trader education and research tools offers unique benefits to both beginner and professional traders.