Vantage FX provides three different account types, namely the Standard STP account, the Raw ECN account, and the Pro ECN account. Each account type has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits.
Vantage FX at a Glance
| Broker's Name | Vantage FX |
| 📍 Headquartered | George Town, Cayman Islands/Australia |
| 📅 Year Founded | 2009 |
| ⚖️ Regulating Authorities | Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL), Australian Securities and Investments Commission (ASIC) |
| 🌐 Countries not accepted for trade | Afghanistan, Belarus, Burma, Burundi, British Columbia, (Canada), Central African Republic, Democratic Republic of the Congo, Egypt, Eritrea, Iran, Iraq, ISIL (Da’esh) & Al-Qaida, Lebanon, Japan, Libya, Mali, North Korea, Republic of Guinea, Republic of Guinea-Bissau, Russia, Crimea, Somalia, South Sudan, Sudan, Syria, Tunisia, Ukraine, United States of America, Venezuela, Yemen, and Zimbabwe |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 500:1 |
| 💰 Minimum Deposit | $200/R3 200 ZAR |
| 💳 Deposit Options | Bank Wire, VISA, MasterCard, BPAY, FasaPay, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay |
| 💳 Withdrawal Options | Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay |
| 💻 Platform Types | MT4, MT5 |
| 📱 OS Compatibility | PC, Mac, Android, iOS |
| 📈 Tradable assets offered | Currencies: (45+) Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum CFD: (135+) Gold, Silver, Stock Indexes, Oil, Other Commodities |
| 👨💼 Languages supported on Website | English, French, German, Italian, Spanish, Vietnamese, Chinese, Arabic, Portuguese, Bahasa, and a few more |
| 👥 Customer Support Languages | Same as on website |
| 📆 Customer Service Hours | 24 hours per day, 5 days of the week |
| 📌Open an account | 👉 Click Here 👈 |
|---|
Min Deposit USD 50 Regulators CIMA, SIBL, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 38 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Vantage FX Account Types – 8 Key Point Overview
- ✅ Vantage FX Overview
- ✅Vantage FX Account Types
- ✅Vantage FX Account Features
- Vantage FX Islamic Account
- Vantage FX Demo Account
- Vantage FX Pros and Cons
- Conclusion
- Frequently Asked Questions
Vantage FX Overview
👉 Vantage FX is a forex broker company in Australia.
👉 The broker provides traders with access to platforms that allow them to buy and sell foreign currencies. Retail currency traders use the broker to gain access to the 24-hour currency market for speculation purposes.
👉 The broker’s services are also provided for institutional clients and large companies such as investment banks.
👉 Vantage FX is based in Sydney. It was founded in 2009 as MXT Global and rebranded as Vantage FX Pty Ltd in 2015.
👉 Today Vantage FX is a member of Vantage Global Prime Pty Ltd, which holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).
👉Vantage FX was designed for an Australian audience, it now offers its services globally. Being a Vantage FX client gives customers interbank grade RAW ECN spreads through STP execution.
👉 Vantage FX has accumulated several prestigious awards during its years of service to traders.
Vantage FX Account Types
Vantage FX offers three account types:
- Standard STP,
- Raw ECN (most Popular)
- PRO ECN
👉 A Standard STP Account is ideal for beginner traders while RAW ECN Accounts are ideal for more experienced traders. PRO ECN Accounts are suitable for professional traders or money managers that trade with high volumes.
Vantage FX Account Features
👉 Most retail traders will choose the Standard STP account, with a minimum deposit of $200/R 3 200 ZAR, or the Raw ECN account with a minimum deposit of $500/R8 000 ZAR.
Standard STP Account
👉 The Vantage FX Standard STP Account is the ideal trading account for traders ready to move into the live trading environment. It gives direct access to institutional grade spreads and dark liquidity pools for increased liquidity, provides greater market depth, consistent pricing transparency, faster execution, low spreads, and without being subjected to commissions charged on trades.
Features:
| 💳 A minimum deposit of US Dollar 200/R3 200 ZAR |
| 📊 Access to MetaTrader 4 and MetaTrader 5 through which trades can be executed, amidst other functions. |
| 📉 STP Execution on trades. |
| 📉 The range of markets includes 40 Forex pairs, 13 indices, 20 commodities, and 100 Share CFDs. |
| 📉 The minimum trade size is 0.01 lot. |
| 📊 Traders have access to leverage up to 1:500. |
| 💳 Spreads start from 1.4 pips. |
| 💳 Commission-free trading. |
| 💡 Traders using this account are eligible for promotional credit bonuses. |
| 💳 The account base currency options are AUD, USD, GBP, EUR, SGD, and CAD. |
Raw ECN Account
👉 The Vantage FX ECN account type is designed for traders who are more experienced and who require deep liquidity along with razor-sharp spreads.
Features:
| 💳 A minimum deposit of US Dollar 500/R8 000 ZAR |
| 📊 Access to MetaTrader 4 and MetaTrader 5 through which trades can be executed, amidst other functions. |
| 📉 ECN Execution on trades. |
| 📉 The range of markets includes 40 Forex pairs, 13 indices, 20 commodities, and 100 Share CFDs. |
| 📉 The minimum trade size is 0.01 lot. |
| 📊 Traders have access to leverage up to 500:1 |
| 💳 Spreads start from 0.0 pips. |
| 💳 Commissions of US Dollar 3.00 per lot per side charged on trades. |
Pro ECN Account
👉 Access to institutional grade liquidity from the world’s leading providers and trade global markets at the lowest cost is granted.
👉 The Vantage FX PRO ECN account is designed to give professional traders, money managers, and algorithmic traders unparalleled execution speed and extra-tight spreads, all with just $2.00 commission per standard FX lot, per side.
Features:
| 💳 A minimum deposit of US Dollar 20,000/R320 000 ZAR |
| 📊 Access to MetaTrader 4 and MetaTrader 5 through which trades can be executed, amidst other functions. |
| 📉 ECN Execution on trades. |
| 📉 The range of markets includes 40 Forex pairs, 13 indices, 20 commodities, and 100 Share CFDs |
| 📉 The minimum trade size is 0.01 lot. |
| 📊 Traders have access to leverage up to 1:500. |
| 💳 Spreads start from 0.0 pips. |
| 💳 Commissions of US Dollar 2.00 charged per lot per side. |
| 💳 The account base currency options are AUD, USD, GBP, EUR, SGD, and CAD. |
👉 Apart from a demo account, traders may also open joint accounts, company trading accounts, and trust trading accounts, either as individuals or as a partnership.
👉 Vantage FX offers Islamic accounts and Professional accounts, with increased leverage, but less regulatory protection.
Vantage FX Islamic Account
☪️️ Vantage FX does offer traders who follow the Sharia law the option of an Islamic Account.
☪️️ The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
☪️️ Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
☪️️ Brokers like Vantage FX offers an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
☪️️ Traders who are interested in registering for an Islamic account must contact Vantage FX’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
☪️️ Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
☪️️ Islamic accounts with Vantage FX also have increased leverage, but less regulatory protection.
Vantage FX Demo Account
👉 Vantage FX offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
👉 A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
👉 Traders who want to evaluate and compare brokers would like to explore Vantage FX’s trading conditions in a risk-free environment.
👉 Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Min Deposit USD 50 Regulators CIMA, SIBL, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 38 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Vantage FX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Appealing to newer traders | No added value for experienced traders |
| ASIC-Regulated in Australia | Small range of tradable instruments |
| Attractive promotions offered | |
| Launched Bitcoin as a CFD | |
| Offers the ChartIQ platform | |
| Provides indemnity insurance | |
You might also like: Vantage FX Review
You might also like: Vantage FX Fees and Spreads
You might also like: Vantage FX Demo Account
You might also like: Vantage FX Islamic Account Overview
You might also like: Vantage FX Minimum Deposit
You might also like: Vantage FX Sign up Bonus
Conclusion
Vantage FX offers three flexible account types that accommodate all styles of trading and these accounts can also be used as demo accounts or Islamic accounts. Vantage FX provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of understanding and expertise.
Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with Vantage FX?
You can trade several different instruments with VANTAGE FX, which include the following:
- Currencies: (45+)
- Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
- CFD: (135+) Gold, Silver, Stock Indexes, Oil, Other Commodities
Which platforms are supported by Vantage FX?
VANTAGE FX provides the following popular trading platforms:
- MetaTrader4
- MetaTrader5
- MyFXBook
- AutoTrade
- ZuluTrade
Does Vantage FX offer leverage?
Yes, VANTAGE FX offers a maximum leverage of 1: 500.
What spreads can I expect with Vantage FX?
VANTAGE FX offers variable spreads, from 0.0 on its various accounts.
Does Vantage FX charge commission?
The Standard STP is commission-free, the Vantage FX PRO ECN account has $2.00 commission per standard FX lot, per side.
Are there additional charges on the Islamic account?
Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Is Vantage FX regulated?
Yes, VANTAGE FX is regulated by Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL), Australian Securities and Investments Commission (ASIC).
Is Vantage FX a recommended forex trading broker for experts and beginners?
Vantage FX offers a fair-trading environment for all types of traders.
What is the overall rating out of 10 for Vantage FX?
7/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.
Does Vantage FX offer a demo account?
Yes.
Can I convert my demo account to a live trading account with Vantage FX?
Not clear from information on the company homepage.
Which live trading accounts does Vantage FX offer?
Live Vantage FX account types incl: Pro ECN Account, Standard STP Account, Raw ECN Account, Islamic Account
Does Vantage FX offer an Islamic Account?
Yes.
What are the available deposit currencies for a live trading account?
USD and more.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for VANTAGE FX?
$ 200.
How do you make a deposit and withdrawal with VANTAGE FX?
VANTAGE FX offers the following deposit and withdrawal methods:
- Bank Wire
- VISA
- MasterCard
- BPAY
- FasaPay
- MobilePay
- Neteller
- Poli
- Skrill
- Transfer from Existing Broker
- UnionPay
The same method as used to fund an account must usually be used to withdraw money and monies will be only refunded to accounts in the same name as the trading account.
Does VANTAGE FX charge withdrawal fees?
Vantage FX does not charge any internal fees for deposits or withdrawals.
How long does it take to make a withdrawal?
Withdrawals by means of certain methods may be processed within a day but depending on bank services it may take several days for the money to be available.
Top 4 Brokers
