Vantage FX was founded in 2009 by a highly-specialized team with backgrounds in Finance, FOREX, and Technology. Vantage FX pride themselves by providing transparent access to the FOREX market, powerful trading platforms (MT4 and MT5), exceptional execution speed, and award-winning customer service.
Founded in 2009 as MXT Global, before rebranding as Vantage FX Pty Ltd (Vantage FX) 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 offers its clients a choice of three live No-Dealing-Desk (NDD) account types, a commission-free Standard STP, commission fee required Raw ECN and Pro ECN accounts which provides direct market access to the highly liquid forex market against a reasonable commission fee.
A free Demo account is also available, which is always appreciated by beginners, and micro lots can be traded on both STP and ECN account types.
The Company & Safety of Funds
Established in 2009, VANTAGE FX is an award-winning NDD broker, offering online trading in more than 70 currency pairs, various CFDs and binary options. The broker has added many cryptocurrencies to its CFD offering: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
The company behind the VANTAGE FX brand is Sidney-based Vantage Global Prime Pty Ltd., regulated by the Australian Securities and Investments Commission (ASIC) in Australia.
Commissions & Spreads
As a NDD broker, VANTAGE FX offers variable spreads. The broker quotes as typical for the Standard STP commission-free account spreads of 1.4 on the EUR/USD pair, which is average for the forex market. Spreads on the Raw ECN account, on the other hand, are really tight, averaged just 0 pips on EUR/USD. Taking into account the commission applicable to this account type ($3 per standard lot per side), average trading costs for the EUR/USD pair are around 0.7 pips, which is considerably lower than the typical spread that we find other brokers are quoting which is about 1.5 pips. The Pro ECN account gets even better. The figures are similar to the Raw ECN account with a spread figure of 0.0, however, it has less commission fee of $2 per lot per side. .
Clients of VANTAGE FX are able to use leverage ratios up to 1:500 and such maximum leverage level is considered high.
With Vantage FX, traders can trade forex, commodities and indices CFDs through the MetaTrader4 and MetaTrader 5 platforms.
As most forex traders use VPS technology to ensure that their Expert Advisors can run non-stop, Vantage FX offers its clients a free VPS service on the condition that they reach certain trading volumes (10 standard lots per month on Standard account or 20 standard lots on a Raw ECN account).
While we are still on the topic of technology, we should probably mention the SmartTrader Tools package offered by the broker, which is quite impressive. This tools package is available to all clients with deposits of at least $1000.
In addition, Vantage FX has teamed up with both Zulutrade and Myfxbook’s Autotrade to bring traders two of the most popular FX copy trade services available.
Vantage FX has also formed a strategic partnership with London Stock Exchange-listed Tech Financial in order to provide its clients with access to the cutting edge web-based Binary Options Trading Platform.
Deposit & Withdrawal
VANTAGE FX offers its clients the following deposit/withdrawal methods: via credit/debit card, wire transfer, BPAY, Neteller, and Skrill.
Vantage FX does not charge any internal fees for electronic deposits or withdrawals. However, please note Visa & MasterCard payments will incur a fee.
Vantage FX is a reliable and well-regulated NDD broker, offering competitive trading conditions for trading in various currency pairs and CFDs.