Vantage FX Review 2023: Scam or Safe? In-depth Analysis

Vantage FX


Min Deposit


Min Spread


Broker Trusted Points


Almost every online broker claims to be the best. But what actually makes them the best is the quality of their services, features, security, and benefits to their clients. In this series, Vantage FX, a leading Australia-based CFD and Forex broker, is emerging as one of the best forex brokers, popular for offering forex ECN pricing.

Additionally, the broker offers to trade on 300+ financial instruments, including Forex, Commodities, Cryptocurrencies, and Indices. That’s not all! The brokerage platform offers much more. So, continue reading this detailed Vantage FX review to know everything about the broker.

Who Is Vantage FX?

Formerly known as Vantage FX, Vantage is a CFD and Forex Brokerage platform owned and operated by the parent company Vantage Global Prime Pty Ltd.

The brokerage is best-known for offering best-in-class trading services and top-notch security features. The broker is also associated with a network of high-liquidity providers that accepts clients’ trading orders.

That’s it in this section of the Vantage FX review; let’s move forward.

Is Vantage FX Scam?

The brokerage platform offers a secure and safe trading experience to its clients. Additionally, the broker is completely safe for trading as it is well-regulated by several global regulatory bodies.

The parent company – Vantage Global Prime Pty Ltd, holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).

The group also has an entity holding regulatory status in the UK with Financial Conduct Authority (FCA). The FCA also provides a compensation scheme of £85,000 to protect clients’ funds. 

Additionally, Vantage also has an entity regulated by the Cayman Islands Monetary Authority (CIMA) and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.

As regulated by a number of top tiers of regulatory bodies, it is clear that Vantage FX is a well-regulated and safe broker. 

Pros and Cons

Pros Cons
Well-regulated  Limited Product Selection
Offers 300+ Tradable Assets Investors’ funds Protection In the UK Only
Low Fees Structure
Hassle-free Deposits and Withdrawals
Quick Account Opening Process
24/5 Customer Support
High Leverage up to 500:1
Free Demo Account

Types of Accounts Offered

The brokerage platform currently offers three major account types: Raw ECN account, Standard STP account, and Pro ECN account.

The features of these accounts types are listed below: 

Features Raw ECN Account Standard STP Account Pro ECN Account
Trading Platforms MetaTrader4, MetaTrader5 MetaTrader4, MetaTrader5 MetaTrader4, MetaTrader5
Minimum Deposits $500 $200 $20,000
Commission Charges $3 per Standard Lot Nil $2 per Standard Forex Lot
Order Execution Market Execution Market Execution Market Execution
Spreads Starts from 0.0 Pips Starts from 1.4 Pips Starts from 0.0 Pips
Leverage 500:1 500:1 500:1

How To Open An Account on Vantage FX? 

The broker offers a seamless and fast account opening experience. Anyone can open an account on this brokerage platform by following these simple steps: 

  • On the homepage of Vantage, Click on the ‘Live Account.’ 
  • Now, enter your personal details such as first name, last name, country, phone, email, account type, date of birth, place of birth, and identification. 
  • Now, verify your account by uploading a copy of government-issued identification documents, such as utility bills. 
  • After the verification process, make an initial deposit and start your trading journey!

Available Trading Instruments

The brokerage platform offers to trade on 300+ assets, which allows traders to diversify their portfolios. On the other hand, the broker offers five major trading instruments, including 


Start trading on more than 44 currency pairs, including USD/EUR, EUR/GBP, USD/JPY, etc. 


Trade on 16+ soft and hard commodities with this broker. 


Start trading on the five most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Bitcoin, and Ripple (XRP). 


Buy or sell stocks of 200+ big companies with this brokerage platform. 


The broker offers to trade on 16+ indexes, including some of the major and minor ones. 

Vantage Fx Fees and Commission

The fee structure of Vantage FX is quite low and competitive. However, the fees and commission charges may vary depending on the account type you choose: 

Withdrawal and Deposit Fees

The broker doesn’t charge any fee on withdrawal. However, there may be a bank processing fee for the base currency you choose. 

On the other hand, the broker also doesn’t charge any type of deposit fees. Despite the low fee structure, Vantage FX can’t compete with pricing leaders such as InvestBy, and ABInvesting

Inactivity Fees

The best part of using the brokerage platform is that it doesn’t charge any fees for inactivity. However, your account will get deactivated if not used for consecutive 90 days. 

Commission Charges

The broker charges a low and competitive commission on trades. However, the platform doesn’t charge any commission on the Standard STP account.

On the other hand, there is a commission charge of $2 per lot size for the Pro ECN Account, while it is $3 per lot size for the Raw ECN Account. 


Take a look at available spreads for different account types:

  • Raw ECN Account – 0.0 Pips 
  • Standard STP Account – 1.4 Pips
  • Pro ECN Account – 0.0 Pips

Maximum Leverage

The maximum leverage offered by Vantage FX is the same for all account types: 

Raw ECN Account Standard STP Account Pro ECN Account
Maximum Leverage Up to 500:1 Up to 500:1 Up to 500:1

Deposits and Withdrawals

Vantage FX offers a variety of payment methods for depositing and withdrawals. Apart from bank transfers and credit/debit cards, you can use the following payment methods:

  • Skrill
  • Neteller
  • Bitwallet
  • Cryptocurrency (Bitcoin, Tether)
  • BPAY
  • POLi
  • JCB
  • Union Pay
  • Fasapay
  • AstroPay
  • Vload
  • Perfect Money

Available Trading Platforms 

The broker offers trading services through three powerful and advanced trading Platforms: MT4, MT5, and Vantage ProTrader. 


MetaTrader4 is one of the best and most powerful trading platforms in the world till now. It can be accessed on desktop and mobile. 

Top Features: 

  • Real-time Market Alerts
  • One-click trading option
  • Access to trade history
  • Smooth trade execution
  • Availability of the best professional tools


MT5 is considered the advanced version of MetaTrader4. The platform is available for both desktop and mobile. 

  • Trading Signals
  • Advanced Technical Indicators
  • Comes with reliable security features for traders
  • One-click trading options
  • Exchange market orders instantly 
  • User-friendly interface

Vantage ProTrader

The broker also offers an internal trading platform. Here are some of the features of this trading account: 

  • Technical Indicators
  • Advanced Trading tools
  • One-click trading options
  • Exchange market orders instantly 
  • User-friendly interface

Vantage Fx App

Apart from web-based platforms, the broker also offers an advanced and intuitive mobile app. The app is available for download on Google’s Play Store and Apple’s App Store. 

  • Technical Indicators
  • Real-time Market Updates
  • Advanced Trading tools
  • Customized News Feed
  • One-click trading options
  • Access to Trade History
  • Exchange market orders instantly 
  • User-friendly interface

Customer Support

The broker offers outstanding customer support to its clients. The multilingual support team is always ready to answer clients’ queries 24/5. 

Users can contact the customer support team via: 

Research And Educational Support

The broker offers a comprehensive set of research tools and educational material for its users. Using them together, traders can easily and quickly achieve their financial goals. 

Take a look at the research tools and educational material offered by Vantage FX: 

Research Tools

  • Advanced charting tools
  • Macroeconomic fundamental data
  • Economic Calendar
  • Trading Ideas
  • Free VPS
  • Forex Sentiment Indicator
  • Customized Newsfeed 

Educational Resources

  • Tutorials on forex trading
  • Details manuals and video guides on MetaTrader platforms
  • Free Demo Account

The Bottom Line

After this detailed Vantage FX review, it is clear that it is a perfect platform for traders who are just starting their trading journey. 

Additionally, those who look to trade with low minimums and low budgets can use it well. 

On the other hand, the platform offers advanced trading platforms, a set of trading tools, and a range of trading instruments, making it a perfect fit for seasoned traders. 

Overall, the platform is best for both beginner and professional traders. However, if you’re still unsure about the platform, you can try out other alternatives, such as InvestBy.


Is Vantage FX legit? 

Yes, the broker is completely legit as it is regulated by a number of global regulatory bodies, including ASIC and FCA. 

Who Owns Vantage FX? 

The brokerage platform is owned and operated by Vantage Global Prime Pty Ltd. 

What is the Maximum Leverage Offered by The Broker?

The maximum leverage offered for all account types is 500:1. 

Can I Trade Cryptocurrencies on Vantage FX? 

Yes, you can trade on over five cryptocurrencies, including Bitcoin, Ripple, Litecoin, etc. 

What Is the Minimum Spread Offered by the Broker? 

The broker offers tight spreads starting from 0.0 pips. 

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