Vantage Markets

Review of the latest VantageFX exchange 2023

Vantage FX is a forex broker known for many significant achievements in the forex market. To date, the company has over 10 years of operational experience, leaving a good impression on customers, firstly in terms of transparent legal compliance, alongside the highest quality of premium services. To gain a more in-depth understanding and a more intuitive view, this article will provide a detailed review of Vantage FX. From there, it will help you make a justified decision for yourself on whether or not to invest in Vantage. Let’s follow the article together!

VantageFX floor overview

• Vantage FX is a forex broker established in 2009 by a group of experts with a background in finance, forex, and technology, based in the United Kingdom. Vantage FX is synonymous with “Responsibility, Transparency, Reliability, Honesty, and Trust,” providing customers with the highest quality services.
• The goal of Vantage FX is to help customers pursue their financial goals, providing transparent access to the forex market, a powerful trading platform (MT4 and MT5), superior order execution speed, and award-winning customer service.
• With the ability to trade forex, indices, and commodities on the MT4 platform, Vantage FX is not just a forex broker, but a Forex ECN that will always be the core product pursued by most traders.
• Since its inception, Vantage has been favored and chosen by traders at all levels as a place to anchor their investment portfolios. So what is the reason for this?

Tại sao nên chọn Vantage FX?

Not only that, Vantage FX has been recognized worldwide by many reputable organizations and magazines for its superior products and top-notch customer service as a forex broker. From 2011 to present, the platform has continuously received numerous awards in different categories. In 2017, Vantage FX was honored by Finance Monthly magazine as “Financial Trading Services Provider of the Year.”

To have a more specific and detailed understanding, please continue reading the following sections that provide the most convincing answers for you.

VantageFX Scam?

To evaluate whether a forex platform is fraudulent or not, the prerequisite factor that traders need to pay attention to first is the financial license. This is not only a convincing evidence, but it also protects the rights and interests of traders when participating in the platform. For Vantage FX, this forex platform has been guaranteed by the following financial regulatory agencies:

• Securities and Futures Commission (SFC) in Hong Kong
• Australian Securities and Investments Commission (ASIC)
• Financial Conduct Authority (FCA) in the United Kingdom.

• ASIC – Australian Securities and Investments Commission, license number 140 903 886

Vantage FX Exchange ASIC License

• FCA – UK Financial Conduct Authority, license number  590299
• Cayman Islands Monetary Authority

FCA and ASIC are two of the world’s leading financial regulatory organizations. The processes and procedures for obtaining licenses from these agencies are extremely strict and rigorous. Furthermore, after being licensed, brokers must renew their licenses each year by submitting financial reports and undergoing inspections to maintain the validity of their licenses. Therefore, when a forex broker is licensed by ASIC or FCA, traders can completely trust that they can trade on that platform without any concerns. Vantage FX is no exception, as it has obtained a license from these reputable organizations, making it a trustworthy forex broker.

In addition to ensuring the legality of forex exchanges, regulatory agencies also mandate that brokers comply with regulations to protect traders such as:

• Segregation of accounts: meaning that customer deposits will be completely segregated from company assets and deposited at tier 1 banks in Australia. This is to avoid the company using the trader’s money for its own purposes, on the other hand, to ensure that the trader can feel secure in trading at the exchange.
• Compensation policy for traders: in case the broker is insolvent, there will be a third party insurance company to settle the traders’ claims with compensation up to £85,000 (for FCA).

In this way, not only are the “black and white” documents clear, but when trading at Vantage FX, traders can completely trust in their rights and benefits.

VantageFX trading account

Following the advantage of transparent legal compliance, Vantage FX continues to score points with its customers through its forex trading accounts. Currently, Vantage FX offers three types of accounts suitable for different customer segments, including Standard STP, RAW ECN, and Pro ECN. Here are detailed information on the conditions of each account type:

	Standard STP	RAW ECN ☆	Pro ECN
Minimum deposit level	50 USD	50 USD	20.000 USD
Spread from	1.0 pip	0.0 pip	0.0 pip
Commission from	Are not	6 USD/lot/2 direction	4 USD/lot/2 direction
Lever	1:500	1:500	1:500
Trading products	all products	all products	all products
Communication	MT4, MT5	MT4, MT5	MT4, MT5
Software selection	MT4/MT5 cho PC và Mac WebTrader Mobile application	MT4/MT5 cho PC and Mac WebTrader Mobile application	MT4/MT5 cho PC and Mac WebTrader Mobile application
Trading volume	Minimum 0.01 lot	Minimum 0.01 lot	Minimum 0.01 lot
Currency	$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD	$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD	$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD

Vantage FX broker account types

• STP Standard account The ideal trading account for traders who are ready to transition to a live trading environment is the STP Standard account. With this account, you will have direct access to the best available spreads to increase liquidity. The STP Standard account provides a deeper market depth, transparent and consistent pricing, faster order matching, and low spreads.

=> The Standard STP account is the perfect account type for new traders who want direct market access, simplicity, and no commission fees.

• RAW ECN account The most commonly used account type at Vantage FX is RAW ECN, which connects customers with the largest and most premium forex liquidity providers, offering the best prices (which are pushed directly from the liquidity providers to the market without any intermediaries). This feature is the most outstanding aspect that satisfies professional traders. Currently, there are very few forex brokers that provide this type of account, so Vantage FX’s RAW ECN is a worthy option for you to consider.

=> The RAW ECN account is designed for experienced traders who prefer high liquidity and low spreads.

• PRO ECN account Translating into English provides the lowest cost advantage, leveraging the fastest execution speed, ideal for both manual and automated trading, as well as high trading volume. With high liquidity provided by the world’s largest banks, the PRO ECN account offers unparalleled speed and stability for professional forex traders.

=> The PRO ECN account is designed for professional traders and fund managers with high trading volumes.

VantageFX spreads, commissions and leverage

Vantage FX has a total trading fee that traders rate as average compared to the industry standard, including both the spread fee and commission fee. Specifically:

Spread fee

The spread fee at Vantage FX is calculated on a floating basis, depending on the type of account, the spread fee will vary. For Raw and Pro accounts, the spread fee starts from 0.0 pips. For Standard accounts, the spread fee starts from 1.4 pips.

Spreads on some popular currency pairs

	Standard	Raw	Pro
EURUSD	1.4	0.0	0.0
AUDUSD	1.6	0.5	0.5
GBPUSD	1.4	0.3	0.3
USDJPY	1.5	0.4	0.4

Spreads on some popular currency pairs

Commission fee

The commission fee at Vantage FX is currently considered average compared to other forex brokers. It starts at just 6 USD per round lot and is calculated based on the currency of the trading account.

Currency	Commission fee (each lot 2 way)
AUD	6 USD
USD	6 USD
GBP	4 GBP
EUR	5 EUR
SGD	7 USD
JPY	550 JPY
NZD	6.5 USD
CAD	6 USD

Commissions at Vantage FX

Vantage FX maximum leverage

Vantage FX offers a maximum leverage of 1:500, which is relatively low compared to other forex brokers (Exness – 1:unlimited, FXTM – 1:2000, FBS – 1:3000, etc.). The leverage allowed for each product may also vary. Specifically:

Product	Maximum leverage
Forex	1:500
Index	1:200 (except INDIA50.r which is 1:333)
Energy	1:100
Goods	1:20
Metal	1:100
Share	1:20

Vantage FX maximum leverage

However, leverage is a “double-edged sword”. On one hand, it helps traders maximize profits, but if a trader lacks good capital management skills or overuses leverage, it can easily lead to a margin call and account depletion. Therefore, a maximum leverage of 1:500 at Vantage FX is acceptable.

Trading products at VantageFX

Vantage FX aims to keep its customers from feeling disappointed and bored with their trading product choices. This includes all popular products in the forex market such as forex, metals, indices, stocks, energy, and agricultural commodities.

Product	Quantity
Forex	Over 40 trading currency pairs
Index	Offers 17 stock indices from a variety of markets, including S&P 500, DAX, FTSE, DJ30, and more.
Energy	6 products including products from oil, natural gas, gasoline…
Agricultural products	5 products include coffee, cocoa, sugar, cotton and orange juice.
Precious metal	3 products gold, silver, copper
Share	52 US stocks 46 UK and European stocks 49 Australian tickers

Vantage FX trading products

Although there is diversity in terms of product types and quantities, if cryptocurrency products were added, it would be a huge plus for Vantage FX. This means that currently, if you like trading cryptocurrencies, Vantage FX cannot meet your needs.

What trading platforms does VantageFX support?

Vantage FX supports the most popular and well-known trading software today, including MT4, MT5, and the online trading platform WebTrader, Protrader. Additionally, Vantage FX has also developed an exclusive trading platform for use on mobile applications called Vantage FX, which is compatible with both iOS and Android operating systems.

MT4 software

Vantage FX exchange MT4 platform

MetaTrader 4 (MT4) is the most popular online forex trading software in the world. This software becomes even more powerful when connected to Vantage’s FX liquidity providers through the custom OneZero MT4 gateway. The MT4 platform provides forex traders with the strongest charting capabilities in the market and is widely accepted as the standard in individual forex trading platforms.

Features of MT4 at Vantage FX:

• Ability to view up to 3 types of price charts
• 9 timeframes
• More than 30 technical indicators
• Automated forex (EA) trading robot

MT5 software

Vantage FX platform MT5 platform

MetaTrader 5 (MT5) is the next-generation forex trading platform launched by MetaQuotes, directly succeeding the MetaTrader 4 (MT4) platform and taking your forex trading to a higher level.

MetaQuotes has integrated all the features that made MT4 an excellent forex trading platform and then improved upon them. If you choose to trade forex on MT5 with Vantage FX, you will benefit from the latest version, which activates all trading EAs and signals, and most importantly includes the ability to manage open positions.

Features of MT5 at Vantage FX:

• Ability to view up to 3 types of price charts
• 21 time frames
• Nearly 50 technical indicators
• Integrate a lot of chart analysis tools
• Advanced EA Backtesting Algorithms

=> Vantage FX has deployed servers at Equinix NY4 and its MT5 platform in New York to take advantage of the location’s primary liquidity providers. This means that all clients trading with MT4 or MT5 on this forex broker can experience the fastest possible trade execution speeds.

WebTrader

The intuitive design of Vantage FX’s Metaquotes WebTrader platform is identical to the desktop version of Metatrader, allowing you to access your trading account without needing to download software or install it on your computer. This is accomplished through cloud computing, providing fast and stable connectivity to your trading account from any browser, wherever you need to manage your trades.

You can use the Chrome, Mozilla Firefox, Internet Explorer, Opera, or Safari browser on both PC and Mac.

Protrader

The ProTrader trading platform by Vantage FX, provided by TradingView, offers all clients access to hundreds of popular indicators, over 50 technical drawing tools, and a comprehensive set of tools for in-depth market analysis, including the most popular trading systems and strategies.

Features of Protrader at Vantage FX:

• Ability to view up to 12 types of charts
• 8 timeframes
• More than 20 chart layouts
• More than 100 indicators

VantageFX App

The VantageFX application provides traders with easy-to-use yet powerful mobile access to hundreds of FX pairs, commodities, indices, and CFD stocks. Available on both iOS and Android devices, the VantageFX trading app is equipped with investment and trading tools so that you can trade global markets anytime, anywhere.

Vantage FX App

This application integrates simple yet powerful trading tools, with technical indicators such as moving averages, Bollinger bands, MACD, 9 timeframes, charting tools, and 10 timeframes. Additionally, Vantage FX offers full features such as order management, customized watchlists, trading signals from Trading Central, alerts, economic calendar, etc.

Free analytical tools

• Smart Trader Tools: The Smart Trader package enables the Vantage FX MT4 platform to compete even with the most advanced institutional trading platforms in the market. This creates a level playing field for retail traders to come closer to world-class trading.
• Forex VPS: VPS (Virtual Private Server) utilizes external servers to manage your trading connections, ensuring that the MT4 platform operates 24 hours a day without interruption due to power or computer failures.
• Economic calendar:The Forex economic calendar is a useful tool for Forex traders to track important events that could potentially cause market volatility. Many Forex traders use the economic calendar as a release schedule to assist them in predicting when major market movements may occur..

Economic calendar of Vantage FX exchange

In addition, the VantageFX platform also supports various other indicators such as the sentiment measurement indicator for Forex, Pro Trader Tool, Pro Trader Tutorials, etc.

Deposits and withdrawals at VantageFX

VantageFX offers a variety of deposit and withdrawal methods suitable for Vietnamese traders such as Skrill, Neteller, Visa/MasterCard, domestic bank transfers, etc. Most of these methods are nearly free of charge and are processed very quickly.

The methods of depositing and withdrawing money on Vantage FX platform

Note: If a trader withdraws money to a domestic bank account in Vietnam, the minimum withdrawal amount is 15 USD and the maximum is 13,000 USD. For Neteller, the maximum withdrawal amount is 10,000 USD.

All withdrawal requests will be processed from 6:00 am – 4:00 pm (Vietnam time), Monday – Friday. Requests received after this time frame will be processed on the next business day.

VantageFX’s customer care support service

Vantage FX offers a user interface that supports 18 different languages, including Vietnamese. Additionally, the platform has performed well in customer service with a dedicated email support for Vietnamese users at Vietnam.support@vantagefx.com, and an online chat feature. Vantage FX has a team of highly professional and dedicated support staff available 24/7, including weekends, to assist with any inquiries.

Live chat at Vantage FX

Advantages and disadvantages of VantageFX broker

Advantage

• Vantage FX is a reputable forex broker, licensed to operate and regulated by ASIC, FCA – the leading financial regulatory agencies in the world.
• Diverse trading accounts, suitable for both novice and professional traders.
• Low spreads, competitive commissions in the market.
• Diverse trading products.
• Supports multiple trading platforms, combined with free analytical tools.
• Diverse payment gateways for deposit and withdrawal, fast processing time.
• Regularly organize promotions.
• The website supports Vietnamese.

Defect

• Trading products without cryptocurrencies
• Spread on Standard account is still high
• Minimum deposit up to 50 USD
• Low maximum leverage

• What is the minimum deposit required by Vantage FX?

	Standard STP	RAW ECN ☆	Pro ECN
Minimum deposit amount	50 USD	50 USD	20.000 USD

Vantage FX minimum deposit level

• Which accounts should traders trade at Vantage FX?

Standard STP account

suitable for new traders who want simple, direct market access without commissions.

RAW ECN Account:

suitable for experienced traders who prefer high liquidity and low spreads

PRO ECN account: 

suitable for professional traders and fund managers with high trading volume.

• What is the maximum leverage at Vantage FX?

1:500

• Does Vantage FX require account verification before making a deposit?

Yes, you must verify your account after registration before you can make a deposit. Documents to prepare for account verification include:

Identity verification

ID/Passport, driving license, etc.

Address verification:

Bank statement, bill with clearly printed name and address (electricity, water, gas, internet, etc.)

Epilogue

Vantage FX is a forex broker that has been operating in the forex market for over 12 years. With such a long history, the broker has many strengths to be considered by traders. Firstly, VantageFX is a reputable forex broker, in addition, the broker offers competitive trading conditions, modern trading platforms, and support tools. However, there are also some significant drawbacks to be aware of, such as the absence of cryptocurrencies and relatively low leverage, which may require traders to consider carefully when trading with the broker.

We hope that this detailed review of Vantage FX has helped you make the right choice for yourself, and we wish you success!