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VantageFX review and ratings

VantageFX review and ratings
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COMPANY INFORMATION

VantageFX group includes 3 related companies.

VantageFX AU – located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
VantageFX UK – located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
VantageFX KY – located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, KY company accepts European traders, so one can open a trading account there.

AVAILABILITY

VantageFX group accepts clients from all over the world, excluding USA, Russia, Belarus, Ukraine, Iran, Yemen, Zimbabwe, Japan, New Zealand and some other OFAC sanctioned countries.

DISTINCTIVE FEATURES

  • Authorised and regulated by a government agency in several counties.
  • Connected with several trading independent networks.
  • Free trading tools and educational materials.
  • Over a hundred stocks available for trading.

TRADING INSTRUMENTS

Forex broker offers the following underlying assets for trading.

50+ Currency PairsBased on major and minor world currencies.
6 Crypto PairsBased on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple.
15 Indice CFDsBased on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
5 Metal CFDsBased on Gold, Silver and Copper.
5 Energy CFDsBased on Crude Oil (WTI, Brent), Heating Oil, Gasoline and Natural Gas.
5 Soft CFDsBased on Coffee, Cocoa, Cotton, Sugar, Orange Juice.
100+ Stock CFDsBased on shares of US and Hong Kong companies.

COMPREHENSIVE REVIEW

Founded in 2009, VantageFX is a global forex & CFD broker with fully regulated branches located in Australia, the Cayman Islands, and the UK.

Among these local branches, the UK-based branch imposes the heaviest restrictions on trading with for example a maximum leverage of just 1:30 for major forex pairs, in accordance with European regulations. However, it is known that VantageFX allows EU-based traders to sign up directly with the Cayman Islands-based branch to avoid many of these restrictions and enjoy leverage of up to 1:500.

In terms of assets available for trading, VantageFX covers pretty much everything from single stocks, forex, cryptocurrencies, stock indices, and popular commodities like gold, silver, oil, and natural gas. Most notably, perhaps, is that the broker offers stocks from over 100 companies listed on stock exchanges in the US and Hong Kong, in addition to more than 50 major, minor, and exotic currency pairs.

All of the instruments offered by VantageFX can be traded on either one of the trading platforms that the broker supports, namely the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both of these are classic platforms that are already very well-known in the forex trading community, and we will therefore not go into more detail about them here. One thing to note, however, is that despite being an older platform, MT4 still remains the most popular choice among independent traders, largely due to the wider selection of “Expert Advisors” (trading algorithms) that are supported by the platform.

Once signed up with VantageFX, new users will have the choice between three different account types to deposit money in:
– A Standard STP Account, suitable for most beginners, with commission-free trading and min. deposit of USD 200
– A Raw ECN Account, suitable for experienced traders, with tight spreads and min. deposit of USD 500
– A Pro ECN Account, suitable for the most advanced traders, with very tight spreads and min. balance requirement of USD 20,000

All of these trading accounts can easily be funded with either normal bank wire transfer, popular payment cards like Visa, MasterCard and China UnionPay, as well as POLi and BPAY for Australian residents. In addition, e-wallet services like Skrill, PayPal, and FasaPay are also accepted for clients from around the world. With the exception of China UnionPay, deposits from all of the payment methods are processed free of charge by the broker.

Finally, VantageFX’s customer service can easily be reached via local phone numbers in the UK, Australia, China, and Canada. We also very much appreciate that the hotline is open 24 hours a day, Monday to Friday. For non-urgent requests, the team can also be reached via live chat on the broker’s website, or via email.

All in all, the strongest selling point for this broker is probably that it is fully regulated in several tier 1 jurisdictions, which is always reassuring in the forex broker industry. And when combined with high leverage of up to 1:500, we get a very strong combination of factors that few other brokers can live up to.

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