VantageFX is an Australian forex and CFDs broker with a long tradition and exceptional customer support. This broker, owned by VantageFX Pty Ltd, is regulated by Australian ASIC, (AFSL No.428901) and Australian citizens can trade on it in a regulated environment. Company’s address is Level 29, 31 Market Street, Sydney NSW 2000. Client’s money is held in segregated account with a AA rated Australian bank. Low spreads are offered due to a long list of liquidity partners which include largest global banks.
VantageFX has just two types of account types and main difference lies in the underlying market access. They also offer a demo account to test the platform.
VantageFX Demo Account
Demo account is easily obtainable by just clicking the demo account button on VantageFX website. It requires less hassle with the signup process and it includes $50000 of virtual funds to practise. It provides access to full MT4 platform and lasts for 30 days. In order to get a demo account that lasts longer, the trader needs to contact VantageFX customer support. We believe 30 days is more than enough, not just to practice trading but also to start learning and executing trading strategies.
VantageFX Standard STP Account
- Straight Through Processing execution
- MT4 and MT5
- $0 commission
- $2 AUD rebate / lot
- EURUSD minimum spread 1 pip, average 1.4 pip
This is your standard automatic dealing desk account with zero commission. Most traders will be satisfied with the level of features offered. VantageFX acocunts allow hedging and other techniques in trading, so no limits there. VantageFX Standard accounts includes the 2 AUD rebate which is actually 10% rebate bonus paid in $2 rebates, however, in order to qualify for the rebate program, one needs to deposit more than $1000. Rebate is paid per lot traded. Don’t forget to use the Promo code “REBATE”. Rebate effectively lowers your spread costs per lot since you get part of the spread paid back with each lot you traded.
VantageFX Raw ECN Account
- ECN execution
- MT4 and MT5
- spread from 0 pips EURUSD
- $3 per lot per side commission
ECN account is the true market execution account with direct access to diverse liquidity pool and tightest spreads. The account starts with minimum $500 deposit. This is an account for big players and commission is lower than in many other brokers we saw.
For an totally free ECN account, try IronFX Absoulte Zero ECN.
Leverage starts with 1:100. It can be manually changed to get 1:500. You dont get this level of leverage with european brokers since CySEC and FCA don’t allow it. However, dont forget that leverage increases losses, so be careful with this tool.
Trading Software & Assets
VantageFX review showed how this broker has MetaTrader4 platform and the MetaTrader5 platform. Both platforms are defacto trading standards today and can be used on almost any kind of device. In addition to MetaTrader VantageFX also offers MarketTrader platform. MarketTrader is ChartIQ designed software that is browser based and is visually a bit more attractive than MT platforms. Beginners will definitely prefer MarketTrader.
VantageFX Social Trading via ZuluTrade
ZuluTrade is also available to VantageFX traders and trades are directly fed into MT4 platform. ZuluTrade social trading space inludes more than 10000 traders one can follow and copy their trades. All trader needs to do to enable ZuluTrade is open vantageFX live account and link it with ZuluTrade.
VantageFX Social Trading via MyFXbook
Myfxbook is trading portal that also offers following others and automatically copying their trades. Other than that the portal offers so much more and we advise customers to take time to get to know their offering.
The broker also has their own signals which are delivered by email.
There are many other VantageFX free tools available so definitively take a look what other options are offered with this broker in order to improve your trading experience.
The platform has the economy calendar for following important market events, but also useful tools like news terminal and signals trading. VantageFX has iOS and Android apps for smartphones and tablets, so traders can place their investments whenever they feel like it, even when not by desktop computer.
In VantageFX review was noted how this broker has great customer service that provides sufficient information. In the bottom right corner of the website, users will find live chat bubble that opens in a new window. Operators respond quickly and provide all necessary assistance. During VantageFX review, live chat functionality has been tested with great success.
Traders can also use the email, and there are also several addresses and phone numbers that customers can use to get in touch with the broker.
Even though they are mainly targeting Australian customers, additional languages like Spanish, French or German would be great as they accept EU customers as well as the traders from all over the world (with the exception of USA).
This broker also has some interesting educational materials, as well as an already mentioned demo that will help traders execute their trades with more success.
Banking & Company Information
Banking is a very simple process with this broker, as it turned out in VantageFX review. Traders can select one of many methods offered for VantageFX depositing and withdrawing, and every method allows several currencies.
- Visa, Mastercard: AUD, USD, GBP, EUR, SGD, JPY, NZD
- Bank wire: AUD, USD, EUR, GBP, SGD, JPY, NZD
- Local wire: AUD (Australia only)
- Bpay: AUD (Australia only)
- Skrill Moneybookers: USD, GBP, EUR
- Neteller: USD, GBP, EUR, SGD, AUD
- Broker2Broker: AUD, USD, GBP, EUR, SGD, JPY, NZD
It is important to note how minimum deposit with this broker is $500, while minimum withdrawal has no limitations. This is great, as traders can always withdraw the entire sum. It is important to know how in VantageFX was noted that this broker has no additional fees attached, but credit card company, e-wallet provider and the bank may have some charges. All charges regarding Australian citizens can be found on the website, but every trader can also check with their bank on this subject.