Minimum Deposit: $200
Maximum Leverage: 1:500
My Score: 6
Founded in 2009, Vantage FX is a forex broker that registered and headquartered in Sydney, Australia. Also, they have an office in Melbourne. I can say that their website well-designed, so I found all the information that I’m looking for. 7 different language is supported and live chat is available.
Vantage FX offers many different forex trading platforms like MetaTrader4, MetaTrader 5, WebTrader, MarketTrader and two social trading platforms ZuluTrade & MyFxBook AutoTrade. In my opinion, MetaTrader4 and MetaTrader5 are enough but for those who are looking for more alternative platforms, Vantage FX is suitable for you.
So, if you are willing to work with this broker, I suggest you read my Vantage FX review first. Is Vantage FX reliable or scam broker? How can you deposit & withdrawal money to your account? How many account types they are offering? What are Vantage FX advantages and disadvantages? Are their spreads competitive or not? Let’s decide.
Regulation & Licenses
Vantage FX is an Australian forex broker and they are regulated by one of the most well-known watchdog ASIC (Australian Securities and Investments Commission). I reviewed many unregulated brokers and as I said before, security of your money always should come first. And with the help of the ASIC regulation, Vantage FX undoubtedly earned my trust.
Getting licenses from the regulators like FCA, ASIC or CySEC is always hard for brokers. I personally choose to work with the brokers that are regulated by these watchdogs. However, VFSC (Vanuatu Financial Services Commission) and IFCS (International Financial Services Commission) regulated brokers also acceptable for me in some circumstances.
Bonus & Promotions
Up to maximum $250 %50 welcome bonus is always available at Vantage FX and they are giving %8.88 cash bonus to their traders who are met the monthly trading volume requirements. As you can guess, a higher account balance means higher lots to get that bonus. For example, if your account balance is between $5.000 – $10.000, you have to execute total 30 lot orders for RAW ECN FX account, and 15 lot for Standart STP account. But if your account balance is between $10.000 – $25.000, then you have to trade 60 & 30 lot.
Also, there is a great rebate program at Vantage FX. According to their website, traders who open Standart STP Account and deposit at least $1.000, can get up to %10 of their total deposit as a rebate. Every standard lot you close, you will get $2 rebate. That means if you close 100 lot trade, you will get $200 as a rebate. However, this amount may not exceed 10% of your balance.
Account Types & Spreads
Standard STP, RAW ECN and Pro ECN account offered by Vantage FX. Also, there is an Islamic Account option for Muslim traders. Maximum leverage is up to 1:500 and minimum trade size is 0.01 lot for each different account type. In order to choose STP account, you must deposit a minimum $200 and for RAW ECN account, minimum deposit limit is $500. Pro ECN account starts with minimum $20.000 deposit. Their spreads not very high, but little above the average. STP Accounts spreads are starting from 1.4 pips, ECN account spreads are starts from 0.1 pips + $3 commissions per side.
There are 40 currency pairs, 13 indices, cryptocurrencies and 20 commodities available at Vantage FX platform.
Deposit & Withdrawal Methods
Vantage FX offers 8 different deposit and withdrawal methods: Credit card, bank wire transfer, BPAY (Australia Only), POLi Payments (Australia Only), Skrill, Neteller, Broker to Broker transfer and FasaPay.
Vantage FX is regulated by one of the most respected regulator, ASIC. This is their biggest advantage. Also, various payment methods & trading instruments, bonus & promotion campaigns, high leverage and different trading platform options are nice. However, minimum deposit limits is above the average and the spreads are not very competitive.
Commissions and fees5.0/10
Platform & Tools6.0/10
- ASIC regulated