VantageFX Review - Introduced With An Australian Broker

A lot of people don’t know the previous name of “VantageFX Broker.”

It was founded back in 2009 as an MTX Global Company, but later on, they have changed the name to VantageFX Broker after getting licenses from (AFSL) Australian Financial Services License and (ASIC) Australian Securities and Investment Commission.

"VantageFX has access over 180+ FX, Commodities, Indices & Share CFDs from MT4/MT5"

With great services overall, we aren’t hesitating to say that “they are the most “Reputable and Esteemed” service providers among their competitors. Additionally, they are enhancing their services and offerings to ensure that they remain two-steps ahead of their competitors all the time.

If you want to know why they are the best in the business? Read the complete review!

Vantage broker regulation

VantageFX Broker is our personal pick when it comes to suggesting to you the best brokers and all because of good reasons.

They are regulated by (ASIC) Australian Securities and Investment Commissions and considered as the leading Broker in Australia. They also have got a license from (AFSL) Australian Financial Services License, and their license number is 428901.

You can invest here without any problem because they have been under the watching of the “Strictest” authorities in the world. Let’s now talk about the types of accounts they are dealing with:

account types of VantageFX

There are two types of Account that VantageFX Broker is offering to you:

• Standard STP Account
• Raw ECN Account
• Pro ECN Account
• Islamic Account

Depending upon how you want to invest in the “Trading” and how you’d like to process things up, VantageFX Broker offers the account both for beginners and professionals.

Both the accounts come up with more than 40 currency pairs with 6 index and 7 commodities markets. With these two accounts, you’ve got the authority to access all the trading platforms like MT4 and MT5 and also have the CFDs as well.

Let’s break down the details of three types of accounts in an informational table:

They do have an Islamic account as well; if you don’t want to deal with any interest rate, you can open up an Islamic account. There are two types of Islamic account and we noted all-important Islamic trading materials in the below table:

trading platforms - vantageFX

There are two trading platforms that VantageFX Broker deals with:

• MetaTrader 4
• MetaTrader 5
• Mobile Trading App

They both have different qualities and let’s break down the advantages of both of them:

METATRADER 4

• It provides you the facility of Real-time market access and grade liquidity
• It has automated trading options for the Professional Investors
• Security is Great, and It will provide you peace of mind
• Technical and Fundamental Analysis Tools

METATRADER 5

• Provides you a very powerful trading system with features like; Separate Trading, Account Orders, Executions, and Market Depth
• You’ll be able to predict the future price of the assets with the help of “Android, IOS, and Web Applications.”
• It provides you Forex VPS (Virtual Private Hosting Service) to maximize the executions

MOBILE TRADING APP

• The new milestone unlocked, Vantage FX App is now offering mobile trading that will be easy, powerful access, and many more. 
• This mobile trading App provides excellent service and products that can enhance the client's trading experience simple and quick.
• This exciting app has so many features that offer quick and easy account opening, funds management for fast deposits and withdrawals, and a feature-packed agile trading platform.

IMPORTANT THINGS OF VANTAGEFX

It’s time to talk in detail about the “Critical Things” related to VantageFX Broker because without this information; you won’t be able to know about the platform.

Let’s talk about it!

#VANTAGEFX BROKER SPREAD

There are two types of account that VantageFX Broker is dealing with:

• Standard
• Raw

They both have different spreads- you’ll get 1.4 pips of spread for EUR/USD in the standard account, whereas you’ll have a typical spread of 0.1 pips along with $3 per lot commission. If we compare the pricing of VantageFX with other brokers, then it lies under the category of “Average Industry Pricing.”

#EXECUTION TIME

There are basically two types of execution that VantageFX Broker works on:

• Instant Execution
• Market Execution

Instant Execution: Instant execution is a type of execution where the client has to decide the price and volume before placing the order. The order shall be executed right after you set the prices, and you can get the benefits of the “Market Situation.”

But, market execution is completely different from Instant Execution.

Market Execution: In the market execution, you just have to specify the volume only before placing the order and have to execute the trading at a price offered by the Broker. The main difference between Market and Instant Execution is that; the client doesn’t reject the order in-case of price changes in the Market Execution.

So, you can go both ways depending upon your needs and wants.

#COMISSION AND FEE

The Commission and Fee are totally dependent on which account you are going to open for your needs. When opening the account, you need to ask the “VantageFX” to highlight all the Commissions and Fees for the Standard and Raw Account.

Have a look at the table below:

You can’t consider the Fee and Commission of VantageFX Broker as “Excellent,” but it is fairly average pricing, and that might be because “A lot of brokers are dealing with this pricing” right now.

#LEVERAGE OF VANTAGEFX BROKER

The answer is pretty simple because they are offering you the leverage of 1:500 for both accounts. The minimum deposit is $200 with no deposit fee, and the opening of the account is pretty straight forward, which we will discuss down below.

#CUSTOMER SERVICE VANTAGEFX BROKER

The customer support service is pretty awesome, and they offer you the customer support service 24/5 to ensure you get your problems solved within no problem. The majority of the time, you don’t need the help of customer support because they already made hundreds of videos that solve different problems.

Additionally, they also have a FAQ section on their website where you can just put your question and get the answer in microseconds.

As we are done with the critical information regarding the VantageFX, it’s time to discuss “How to open an account and How can you withdraw your profited money.” Scroll down to check everything out!

How to Open an account

To open the account on VantageFX, you simply need to follow the instruction given below. There’s no rocket science involved in it:

1. To open the account, you need to head towards the official website of VantageFX by clicking Here.
   
   
2. Now click on the “Live Account,” and they will redirect you to the page containing the form for opening the account. Don’t worry, the form is super easy, and you can have a glance at the form down below:
   
   
3. Now, fill in the information that they have asked you to enter and then click on “Open Live Account,” you’ll then have to head towards your email and click on the confirmation email to make your account go live.
   
   
4. You’re not done here because they will ask you for your; Home Address, Credit Card Information, Identity Card, and Possibly a Selfie to make sure that you’re not a fake “Identity.”
   
   
5. Now you’re done, and you can start trading without any problem!

Let’s now head towards “How to withdraw the funds.”

How To Withdraw Money From VantageFX Broker?

Just like other brokers, they have made it easy to “Deposit/Withdraw” the profited money, but before you withdraw the money, you need to login to your account.

1. On opening the account, you need to head directly towards the “Funds Tab” and then click on the withdraw button.
   
   
2. Enter the details there; they accept Credit Card, Bank Transfer, PayPal, Skrill, and China Union Pay.
   
   
3. Select the payment method that you want to use and enter all the details they will ask you for.
   
   
4. You’re done!

Note* They withdraw/deposit requests should be made on the working days; otherwise, you’ll have to wait for the business days to come and process your money.

Let’s now compare it with IC Markets.

Compare - VantageFX Vs. IC Markets

We are breaking down the information in a table, and you then choose “Which Platform is suitable for you.”

So, that’s the basic comparison of “VantageFX and IC Markets,” and if you want to find everything in detail, then we have already covered the IC Markets Broker chapter, just head towards our blog and enlighten yourself.

Advantages & Disadvantages of VantageFX Broker

Yes, this phase is important too because you’ll get to know the Advantages and Disadvantages of “VantageFX Broker” over other brokers. Let’s talk about it!

ADVANTAGES

• It is regulated by the ASIC in Australia
• They have some attractive set of promotions
• It is completely appealing to the new customers
• They have already launched Bitcoin as CFD
• They offer your ChartIQ Platform

DISADVANTAGES

• There’s no value for the experienced traders- they focus on the new ones more
• Limited Trading Instruments
• The leverage Caps is Restrictive which kicks in at $5000

So, these are the Advantages and Disadvantages of the “VantageFX Broker,” and you can choose the Broker on the basis of the above analysis.

It’s time to talk about the Bonuses, Promotions, and Contest of the VantageFX to help you know what extra’s they are offering to you.

Bonus And Promotions

They do have some bonuses and contests programs and let’s break them down.

BONUSES

• You’ll get a 50% welcome bonus on depositing up-to $500.
• For each of the lots traded, you’ll get $2, and you can convert it into the “Real Cash.”
• If you’re using the “VantageFX Broker” for ages and looking for the bonuses too, then you can enjoy a 10% bonus on depositing $10,000 in your account.
• You'll get a few bonuses from opening an account through Vantage mobile trading app.

In short* The more you deposit, the more bonus you get.

CONTESTS

In order to participate in the contests, you need to keep yourself updated with the “News” section of the website and subscribe to the “Newsletter.” Currently, there’s no contest going on, and we will update you once they come up with any updates.

VantageFX Broker is continuously working on improving the user experience, and all the new customers must try this place to get started with the “Forex World.” They still need to provide more benefits to the “Professionals” as they are focusing only on the newbie. But still, we would recommend you this place because it’s worth it.

>> Next Read - IC Markets Review