August 7, 2020

Vantage FX Review

Regulators: ASIC

Cryptocurrencies: YES

Minimum Deposit: $200

Maximum Leverage: 1:500

Spreads: Medium

My Score: 4

Founded in ’09, Vantage FX is a forex broker which enrolled and headquartered in Sydney, Australia. Furthermore, they’ve got an office in Melbourne. I am able to say their internet site stinks, therefore I found all of the info which I’m searching for. 7 languages are encouraged and live chat is found.

Vantage FX delivers numerous forex currency trading platforms such as MetaTrader4, MetaTrader 5, WebTrader, MarketTrader along with also two societal trading platforms ZuluTrade & MyFxBook AutoTrade. I think, MetaTrader4 and MetaTrader5 are not enough however also for those people that are searching for more other systems, Vantage FX is more acceptable for you personally.

So, if you’re inclined to work well with this specific broker, I advise you to browse my Vantage FX review before all else. Is Vantage FX scam or reliable broker? How will you withdrawal & deposit money for your accounts? Just how many accounts types they’re offering? Which are Vantage FX advantages and pitfalls? Are their spreads not? Let’s pick.

Regulation & Licenses

Vantage FX is an Australian forex broker and They’re governed by a single of the Most Famous watchdog ASIC (Australian Securities and Investments Commission). I reviewed many UN regulated brokers so that as I said before, the security of one’s hard-earned money consistently should arrive before all else. With the assistance of the ASIC law, Vantage FX definitely left my hope.

Getting permits against the authorities such as FCA, ASIC or even CySEC is obviously Difficult for brokers. Personally, I opt to work well with the brokers who are governed with these watchdogs. But, VFSC (Vanuatu Financial Services Commission) and also IFCS (International Financial Services Commission) regulated brokers too acceptable for me personally in a few conditions.

Bonus & Promotions

Up to maximum $250 percent, 50 welcome bonus is available at Vantage FX plus so they are giving percent 8.88 cash bonus with their own traders that are met the regular monthly trading volume conditions. While you can imagine, a greater balance ensures higher lots to obtain this incentive. As an instance, if your account balance is between $5.000 – $10.000, then you’ve got to execute the entire 30 great orders for RAW ECN FX accounts, and 1-5 lot for Standart STP accounts. However, if your balance is between $10.000 – $25.000, then you definitely must trade 60 & 30 lot.

Also, there’s just a fantastic rebate app at Vantage FX. As per their site, traders that start Standart STP Account and deposit slightly 1.000, could possibly obtain up to percent 10 of this whole deposit for being a rebate. Every typical lot-you close, you’re going to obtain $2 lien. Meaning if you close 100 good trade, you are certain to obtain $200 as alien. But this level may not exceed 10 percent of one’s balance.

Account Types & Spreads

Standard STP, RAW ECN and Pro ECN account Provided by Vantage FX. Additionally, there’s definitely an Islamic Account option for Muslim traders. Maximum leverage is left up to 1:500 and minimal trade size is 0.01 great for every single account variety. As a way to decide on STP accounts, you must deposit a minimum of $200 and also for RAW ECN accounts, the minimum deposit limitation is 500. Guru ECN account starts with a minimum $20.000 deposit. Their spreads maybe not high, but little above the average. STP Accounts spreads are beginning with 1.4 pips, ECN accounts spreads are starts out of 0.1 pips $3 commissions each side.

There are 40 currency pairs, including 1 3 indices, cryptocurrencies and 20 commodities offered by the Vantage FX platform.

Deposit & Withdrawal Methods

Vantage FX provides eight different deposit and withdrawal methods: Credit card, bank wire transfer, BPAY (Australia Only), POLi Payments (Australia Only), Skrill, Neteller, Broker to Broker transport and FasaPay.

Conclusion

Vantage FX is governed with a single of the very revered ruler, ASIC. That really is their main convenience. Additionally, various payment procedures & trading tools, promotion & bonus campaigns, higher leverage and also various other trading platform options are all fine. But, minimum deposit restrictions will be above the average as well as the spreads aren’t so competitive.

Vantage FX

4.2

Trust

4.0/10

Commissions and charges

3.0/10

Customer Service

5.0/10

Platform & Tools

3.0/10

Product Portfolio

6.0/10

Pros

  • No

Cons

  • ASIC controlled
  • Weak regulations