Vantage FX Forex Broker

Registered inUnited KingdomRegulatory statusNo effective regulation at presentYear(s) of incorporation2-5 yearsMarket instrumentsCurrency pairs, stocks, commodities, precious metals, energies, indices...Minimum initial deposit$200Maximum leverage1:30Minimum spreadFrom 0.0 pipsTrading platformMetaTrader5, MetaTrader4, proprietary platformDeposit and withdrawal methodsCredit/debit cards, skrill, neteller, netellerCustomer ServiceE-mail/phone number/address/live chatFraud allegationsYes Vantage FX Information Vantage FX is a financial trading platform registered in the United Kingdom. Established 2-5 years ago, it currently operates without effective regulatory oversight. The platform provides access to a wide range of market instruments, including currency pairs, stocks, commodities, precious metals, energies, and indices. The minimum initial deposit required to start trading is $200, and the maximum leverage offered is 1:30. Traders can benefit from spreads starting as low as 0.0 pips. Vantage FX supports multiple trading platforms, including MetaTrader 5, MetaTrader 4, and its proprietary platform. For deposits and withdrawals, users can utilize credit/debit cards, Skrill, and Neteller. Customer service options include email, phone support, address details, and live chat. Regulatory Status Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.Australia Securities & Investment Commission (ASIC)Suspicious CloneMarket Making (MM)Australia000428901Financial Conduct Authority (FCA)Suspicious CloneStraight Through Processing (STP)United Kingdom590299Cayman Islands Monetary Authority (CIMA)Suspicious CloneStraight Through Processing (STP)Cayman Islands1383491 Pros and Cons Pros:Wide range of trading instruments including forex, commodities, indices and stocks.Several trading platform options, including MetaTrader4, MetaTrader5, ProTrader and social trading.Low spreads and competitive commissions on the raw account.Three account types to suit traders' needs.A good selection of deposit and withdrawal methods.Offers educational resources to help traders improve their skills.Quality customer service and multilingual support.Regulated by the FCA in the UK, which provides a certain level of confidence and security. Cons:Not regulated by major regulators outside the UK.The standard account has wider spreads and higher commissions.Deposits in cryptocurrencies are not accepted.The maximum leverage of 1:30 is relatively low compared to other brokers. Market Instruments Vantage FX offers a wide variety of instruments for its clients, including forex, commodities, indices and stocks. This dimension allows traders to diversify their portfolio and take advantage of opportunities in different markets. However, it is important to note that some instruments may have higher spreads and commissions than others, which could affect the profitability of trades. In addition, the level of leverage and volatility of some instruments can be risky for less experienced traders.Spreads and Commissions Vantage FX offers competitive spreads on all its accounts, allowing traders to keep transaction costs low when trading the financial markets. In addition, the company does not charge commissions for deposits and withdrawals, making it easy and cost-effective for clients to manage their accounts. Order execution without requotes is also guaranteed, which means that trades are executed at the price requested by the client without delays. However, on some accounts, Vantage FX charges commissions, which can increase costs for traders trading high volumes. In addition, the company charges inactivity fees if an account has no activity for an extended period of time and there are also overnight swap rates for positions held open overnight. Trading Accounts Vantage FX offers three account types to suit different trading needs. The Premium Account is designed for high-volume traders, featuring razor-sharp spreads starting at 0.0 pips with commissions from $0.75 per lot. It requires a minimum deposit of $25,000 and supports base currencies in USD, GBP, EUR, and HKD. The RAW Account is the best choice for competitive spreads, offering 0.0 pips with commissions from $1.00 per lot. This account has a lower minimum deposit of $50 and also supports USD, GBP, EUR, and HKD as base currencies. For commission-free trading, the STANDARD Account provides spreads starting at 1.1 pips with no additional trading costs. It requires a minimum deposit of $50 and supports the same base currencies. Account TypeSpreadsCommissionMinimum DepositBase CurrenciesPremium AccountFrom 0.0 pipsFrom $0.75 per lot$25,000USD, GBP, EUR, HKDRAW AccountRazor sharp (0.0 pips)From $1.00 per lot$50USD, GBP, EUR, HKDSTANDARD AccountFrom 1.1 pips$0 (No commission)$50USD, GBP, EUR, HKDTrading Platform Vantage FX offers a wide selection of trading platforms for its clients, including the popular MetaTrader4 and MetaTrader5, as well as the ProTrader platform and the social trading feature. Each platform has its own advantages and disadvantages, allowing traders to choose the platform that best suits their needs and preferences. The platforms also offer a wide variety of technical analysis tools to help traders make informed decisions and maximize their trading opportunities. In addition, the social trading feature allows traders to follow and copy the trades of other successful traders. Deposit and Withdrawal Vantage FX offers its clients a wide variety of deposit and withdrawal options, including credit cards, e-wallets and wire transfers. In addition, it does not charge commissions for deposits and withdrawals. Deposits are usually processed quickly, while withdrawals can take up to 5 business days to process. One drawback is that cryptocurrency deposits and withdrawals are not accepted, and debit cards are not accepted for deposits. There are also limitations on the maximum size of deposits.Customer Service Vantage FX offers competent and dedicated customer service, which is available 24 hours a day, 5 days a week. Customers can communicate with customer support via email, telephone and live chat. The availability of an international phone number is a great advantage for customers from all over the world. In addition, the FAQ section of the website is very useful for those seeking answers to common questions. However, the lack of customer service support on weekends and the absence of support in other languages may be disadvantages for some customers. In addition, there is no information on the availability of specialized technical support for customers who may need specific help in this area.Conclusion In conclusion, Vantage FX is a brokerage firm that offers a wide range of financial instruments and several trading platform options. They offer a variety of account types, including a RAW account for those looking for tight spreads and fast execution. However, as an unregulated company, this may be a drawback for some traders looking for greater security in their investment. The maximum leverage offered is up to 1:30, which is relatively low compared to other brokers. Despite having limited educational resources, they have excellent customer service available through different communication channels.