Vantage FX review – the Australian broker

On October 25, 2017 | By | In Forex tips

Let’s talk about the Australian fx broker – Vantage FX. Apart from Vantage FX broker I had been using Pepperstone for a while and while I was content with its service I was also eager to try something new. The general opinion on the web about Australian brokers is surprisingly high, so I expect nothing else from a yet another new Aussie broker.

Vantage FX was founded in 2009 with its headquarters at Level 29, #31 Market St, Sydney, New South Wales, Australia, ASIC licence No. – 428902. Full company registration is Vantage FX Pty Ltd (ACN 140 903 886), Australia. So how different is this broker from everyone else in fx market?  Here are a few things that definitely stand out, IMHO.

 

Reliability

  • Vantage FX broker is regulated by financial regulatory agency ASIC, (Australian Securities and Investment Commission), which is known for its strict requirements regarding broker accounting, risk management and operating standards.
  • Segregated bank accounts are used to keep traders’ funds separately from broker’s operational funds.
  • Raw and much narrower ECN (electronic communications network) spreads mean that this broker simply cannot trade against investors.

Speed

  • Vantage FX live server network covers New York, London and Sydney, as well as 2 data centers in China and 1 in Malaysia. This ensures fast trades execution worldwide with minimum or zero latency. Cutting edge trading server technology (Equinix fiber optic infrastructure) guarantees fast trade execution.
  • The oneZero Metatrader bridge solution helps handling huge number of market trades within milliseconds.

Spreads 

  • Direct price quotes are obtained from more than a dozen different banks and liquidity providers.
  • Spreads starting from 0.0 pips on raw ECN accounts (there are commission charges). Typical raw spreads: EUR/USD – 0.4 pips, AUD/USD – 0.4 pips, GBP/USD – 0.9 pips.

Speaking about account types, trading availability, funding and withdrawal they are the same as with any other broker:

 

  • Clients are offered to trade in different platforms
    • – MT4, MT5 (Windows, MAC)
    • – Mobile apps
    • – Webtrader.
    • – MAM/ PAMM solutions
    • – Myfxbook autotrade and Zulutrade signal platforms are also available with the broker. So, platforms and operational systems is not a problem
  • Accounts are funded and withdrawn using
    • – Credit or debit cards
    • – Neteller
    • – Skrill / Moneybookers
    • – International Bank wire transfer
    • – Bpay, Poli (Australia only)
    • – Broker to broker transfer

There is no fee on withdrawals which are processed speedily. One thing that I always miss in account funding is Paypal and Vantage FX isn’t the first broker that doesn’t have it. Seems that Paypal just doesn’t stick with brokers.

 

  • Two types of trading accounts:
    • Standard STP account
      • – Minimum deposit – $100
      • – Leverage up to 500:1
      • – Rebate of $2.00 AUD per lot
      • – 40 currency pairs, 10 indices, 15 commodities and 1 CryptoCurrency
      • – Spreads from 1 pip
      • – Commision $0
      • – Execution type STP
    • Raw ECN account
      • – Minimum deposit – $500
      • – Leverage up to 500:1
      • – 40 currency pairs, 10 indices, 15 commodities and 1 CryptoCurrency
      • – Spreads from 0 pips
      • – Commision $3 per lot
      • – Execution type ECN

That’s about all the bells and whistles of Vantage FX broker that draw my attention, even though I may have skipped some things. I think it’s worth giving it a try and opening demo or live account with them.




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