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Vantage FX review: ECN forex broker

Trade forex online with Vantage FX and take advantage of tight spreads, fast trade execution and 24-hour customer support.

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Vantage FX (Standard STP Account)

Disclaimer: Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider's PDS and consider the risks before trading.

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Details

Type of brokerOnline
Available markets40+ currency pairs, commodities, index CFDs, stock CFDs, metals, commodities, energy
Minimum Spreads for Major Currencies0.0 pips - 1.0 pips
Leverage5:1 - 500:1
Commission$0
Minimum opening balanceAU$200
Minimum Trade Size0.01 lots
PlatformsMetaTrader 4
MetaTrader 5
WebTrader
SupportPhone, email and live chat

You need a minimum deposit of $200 to open an account with Vantage FX and you can trade up to 45 forex currency pairs plus indices and commodities across global markets. Depending on your preference, your single login also gives you access to a few different trading platforms, including MetaTrader 4, MetaTrader 5 and a number of web and mobile trading solutions.

Quick verdict

Good for
  • ECN forex/CFD broker
  • Choose between MT4, MT5 and others
  • Advanced trading features can be added
  • Competitive spreads starting at 0.0 pips
Not so great for
  • Forex trading carries risk
  • $200 required to open account

Who is Vantage FX?

Vantage FX is an Australian forex broker that provides fast and easy access to global forex markets through top-tier, liquidity providers. Established in 2009, Vantage FX offers quick trade execution and competitive pricing, with spreads starting from 0.0 pips.

Besides enhanced technology facilitating quick execution speeds, Vantage FX emphasises its commitment to transparent forex trading. Vantage FX is an ECN forex broker, meaning that they do not trade against their clients. If you choose to trade with Vantage FX, you can be assured that there is no conflict of interest.

What are the key features of Vantage FX?

Here are some of the benefits of trading forex on MetaTrader 4 with Vantage FX.

ECN forex broker with no conflict of interest

Vantage FX is an ECN forex broker, which means there is strictly no dealing desk intervention when it comes to executing trades, that Vantage FX are not trading against your positions and that the prices you see are sourced from the interbank market.

Australian regulated forex broker

Vantage FX is an Australian-regulated forex broker that complies with the rules set out by the Australian Securities and Investments Commission (ASIC). If you choose to trade with Vantage FX, you can be assured that they have met their strict regulatory requirements, including the full segregation of client funds with National Australia Bank (NAB).

Leverage options

Vantage FX clients can trade with leverage of up to 500:1. This means that with $1,000 you can speculate with up to $500,000 on forex, commodities and stock market indices markets, all via MetaTrader 4. Bearing in mind, the more leverage you add, the riskier your trade.

Uninterrupted market access

Vantage FX offer traders 24-hour access to world markets through the MetaTrader 4 platform. Thanks to a sophisticated fibre-optic network and the patented oneZero trading bridge, Vantage FX clients have access to international markets anywhere, any time. You can also access MetaTrader 4 via applications for Apple and Android devices.

Choice between two account types

Vantage FX offers two types of trading accounts: The Standard STP account and Raw ECN account. Standard STP accounts offer STP execution, tight spreads and a minimum deposit of $200 to start trading, while the Raw ECN account is for active traders with larger accounts. With spreads as low as zero during peak times, traders instead pay a commission on each entry and exit.

We've compared each of the account types in more detail below.

What markets can I trade with Vantage FX?

Through the one MetaTrader 4 trading account, you're able to trade a number of different asset classes.

Forex markets

Vantage FX gives clients access to global forex markets with tight ECN spreads and substantial liquidity. The MetaTrader 4 platform provides uninterrupted access to international forex markets, allowing you to take advantage of forex market trading opportunities as they arise.

Commodities markets

Clients can trade in metals and energy, including oil, gold, silver, platinum and palladium. You have 24-hour access to global commodities markets through the MetaTrader 4 platform, where you can speculate with trade sizes as low as 0.01 lot (constituting 10 barrels of oil or one ounce of gold). Uninterrupted access to commodities means you can trade with maximum leverage, even in oil and palladium markets, which are notoriously sophisticated and technical.

Indices markets

Vantage FX facilitates full access to eight world stock exchange indices, including the Nikkei, the Dow Jones and the London Stock Exchange. Coupled with the 24-hour access via the MetaTrader 4 platform, Vantage FX's oneZero trading bridge promotes more concise speculation and provides access to larger pools of liquidity.

Cryptocurrency markets

Vantage FX lets you speculate on bitcoin (BTC) by trading it as a contract for difference (CFD), without needing to actually buy the cryptocurrency outright. If you're a crypto trader, it's worth considering that while Vantage FX can offer up to 500:1 leverage on other CFD assets, no leverage is available for bitcoin trading. However, hedging is still allowed.

Which trading platforms can I use with Vantage FX?

Opening an account with Vantage FX gives you access to the world's most popular trading platform, MetaTrader 4 (MT4). This also includes access to MT4 via mobile apps, Mac devices, and the cloud based MT4 WebTrader platform.

You can also take advantage of social trading services like Myfxbook AutoTrade and ZuluTrade.

What account types can I choose at Vantage FX?

Depending on how and what you'd like to trade, Vantage FX caters to both retail traders and professional clients trading higher volumes.

Both account types allow access to 40 different currencies, six index markets and seven commodities markets. You get access to all the available platforms, and you can trade cryptocurrency CFDs with both accounts.

Standard RAW
Commission $0$3 per lot
Leverage Up to 500:1Up to 500:1
Minimum deposit$100 (or equivalent)$500 (or equivalent)
Rebate per lot$2N/A
FeesNoneNone
Spreads starting at1.0 pips0.0 pips
Free 30-day demoYesYes

What customer support options do Vantage FX offer?

If you need assistance with your account or if you have questions about your trades, customer support is offered 24 hours a day, Monday to Friday via phone, email and live chat.

The Vantage FX website also features an extensive educational portal that is home to the Vantage FX Forex Training Academy. This provides detailed information on how to trade forex and the potential benefits, as well as regular webinars to help you increase your trading knowledge.

What are the spreads from Vantage FX like?

As Vantage FX are an ECN forex broker, spreads shown on their MetaTrader 4 platform are variable. Quotes are sourced from a list of top-tier liquidity providers and are continuously changing based on the market conditions. For example, spreads are typically tighter during peak trading times like the London open.

Spreads on a Vantage FX Raw ECN account go as low as zero during these peak times and according to Myfxbook, are some of the tightest in the Australian forex broker industry.

What account or transfer fees do Vantage FX charge?

Clients should be aware that while Vantage FX doesn't charge deposit fees for electronic deposits or withdrawals, transfers and conversions to and from overseas banks might incur fees. Vantage FX also charges no account keeping, or inactivity fees. Clients are not charged membership fees, nor are they asked to pay exchange, regulatory or data fees.

As outlined above, you're able to choose between multiple account types featuring different spread only or commission based costs. Depending on your account size and trading volume, both can work out to be cheaper, so it's worth finding which is best for your particular circumstances.

The money in your Vantage FX account is held by NAB. While Vantage FX doesn't charge fees, NAB has its own fee schedule for credit and debit card deposits, withdrawals and SWIFT transactions.

What are the pros and cons of trading forex with Vantage FX?

Pros

  • Demo account. Before signing up for a live account, you can open a $50,000 demo account to test the Vantage FX system and its platforms.
  • High-tech platforms and speed. Vantage FX employs state-of-the-art fibre-optic technology for speedy execution and uninterrupted access to markets. Clients trade on MetaTrader 4, the world's most popular forex trading platform.
  • No fees. Traders pay no account, exchange, regulatory or data fees.
  • 24-hour support. Vantage FX clients benefit from 24-hour support as well as a live chat option for immediate assistance.
  • No commission on the Standard account option. Clients with a Standard account don't pay commission on transactions.

Cons

  • No US clients. Vantage FX can't accept clients based in the US, as American law prevents traders from trading with non-US brokers.
  • Only two account options. You only have two account options: Standard (straight-through processing) and RAW (electronic communications network).

How do I open an account with Vantage FX

It's quick and easy to open a live trading account with Vantage FX. Click one of the "go to site" buttons on this page and fill in the required information. You'll be asked to submit identification and then you should be ready to trade within 24 hours.

Opening an account requires a minimum of $100 for the Standard account and $500 for the RAW account. There is a deposit restriction of $1,000 (or equivalent) for opening an account, and any excess will be refunded. Vantage FX doesn't accept third-party payments.

Once approved, your account details will be emailed with you. The entire process can be completed within 24 hours.

Vantage FX frequently asked questions?

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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