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Vantage FX is a leading Australian-based forex broker, giving users the ability to trade a wide variety of currency pairs.

They also offer Shares CFDs, some cryptocurrencies, indices and various commodities.

The broker is regarded as being a market leader and their reputation is solid.

They’re fully licenced and well-regulated, and very few users ever report problems using the platform.

In this Vantage FX review, I’m going to be giving you a comprehensive breakdown of what the site offers.

I’ll begin with a look at who Vantage FX are, and I’ll then show you how to open an account, along with the different account types.

Later on, I’ll cover things like deposits and withdrawals, investment options and customer support facilities.

Forex reviews author

About Vantage FX

Vantage FX was established back in 2009. Its founders were extremely experienced in the forex/trading industry, with decades of combined trading experience between them.

The main goal behind Vantage FX was to provide traders with a cost-effective, hassle-free and easy-to-use trading platform that allows them to “pursue financial goals” using state-of-the-art trading technology.

With more than a decade of experience, Vantage FX have gone from strength to strength, and they continue showcasing their ability to offer a smooth, streamlined and above-average experience.

They’re also incredibly transparent, which I feel is extremely important when it comes to their trading platform.

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Opening an Account

Setting up an account at Vantage FX couldn’t be simpler, and you’ll find yourself able to get set one up within just a couple of minutes.

I’ll talk more about the actual sign-up process a little later in this Vantage FX review.

First, I want to take a look at the different accounts available to you.

Standard STP Account: The Standard STP Account is the account type that the vast majority of traders will be opening, and it’s designed specifically for beginners.

The account offers no commissions and you’ll find that you’re able to easily and quickly gain access to the markets on offer.

RAW ECN Account: The RAW ECN Account is designed for the more experienced traders.

This type of account is specifically made for those who are looking for deep liquidity and competitive spreads.

PRO ECN: The PRO ECN Account is geared towards professional traders. It can also be used by fund managers who are looking to trade with significant volume.

Islamic Account: This is specifically designed for Muslim traders and it’s a swap-free account.

Their Islamic Account is fully compliant with Sharia Law, which has been confirmed by the Chairman of the Sharia Supervisory Board, Sheikh Hasan.

How Long Does the Account Creation Process Take?        

Opening an account is simple and straightforward. When I was putting this review together, I opened a Standard STP Account.

I was asked to input the usual details – my name, phone number, address, date of birth and so on.

My account was then up and running right away, although I was prompted to submit my identity documents, which is a legal requirement for customers from the vast majority of jurisdictions.

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What’s the Minimum Deposit?

If you’re opening a Standard STP Account, you’ll need to make a minimum deposit of at least $200.

For the RAW ECN Account, you’ll need to fund a minimum of $500.

For those looking to open a PRO ECN Account, you’ll need to speak with a member of the trading team.

They open these accounts on a case-by-case basis, so the minimum opening account balance can vary depending on your personal circumstances.

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Identity and Verification

To comply with Australian regulations, all new traders must verify their identity.

This means you’ll need to verify your name and proof of address.

This can be done by uploading identity documents such as a passports or driving licence, and proof of address including utility bills and bank statements.

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Can Vantage FX Be Trusted?

Vantage FX is extremely trustworthy in my opinion.

The company is licenced and regulated by the Australian Securities and Investment Commission (ASIC) and is well-known for being the leading forex/CFD broker in the whole of Australia.

Vantage FX use KPMG as their external auditor, and they undertake an annual review of the company to ensure they’re adhering to relevant laws and regulations and that they’re protecting client funds to the best of their abilities.

Client funds are ring fenced in a special trust account.

This account is held with the National Australia Bank – one of the largest and most prestigious financial institutions in the country.

When it comes to trustworthiness and safety, you’d be hard-pressed to find a company with a better reputation than Vantage FX.

I have absolutely no doubts that they do everything in their power to give their clients a safe trading experience, and I would have no qualms about trading there myself on a regular basis.

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Research and Assistance

Vantage FX has a vast selection of educational tools and resources to help bring you up to speed with forex – although I should point out that forex is the focus, and you’ll find little-to-no instruction when it comes to trading CFDs.

Taking one of their educational resources – “Learn to Trade Forex” – it’s clear the brokerage has put a lot of time, effort and energy into developing their educational material.

The guide, I found, was very comprehensive, and gives you a complete overview of what forex is all about, how it works, and what to expect.

This includes a detailed look at market overviews, market analysis and they even go as far as looking at trading psychology.

These are all incredibly valuable tools to have at your disposal if you’re looking to get into forex trading.

Vantage FX also hosts regular webinars, designed to expand upon certain points.

They are well-known for bringing special guests onto these webinars, who are often experienced traders and market analysts.

While these webinars are perhaps geared more towards the more advanced traders and those looking for a more in-depth analysis of what’s happening in the market right now, they’re still a hugely valuable resource.

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Demo Accounts

Anyone can open a demo account at Vantage FX, and it takes just 30 seconds to sign up for the account.

You simply need to enter a few personal details and the account will be up and running.

Plus, if you already hold a real money account with Vantage FX, you’ll automatically have a demo account opened for you.

I really liked the demo account provided, as it gives full functionality, ensuring you can try out all aspects of the site for yourself before committing any of your own money.

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Desktop Experience

One of the most important things to look for when choosing a new online broker is the actual trading platforms offered.

I was quite surprised to find that a broker the size of Vantage FX don’t have their own proprietary system, but they do offer two of the world’s most popular trading platforms – MetaTrader4 and MetaTrader5.

Below, I’m going to take a look at the former, as this is the platform the vast majority of traders will end up using.

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MetaTrader4 is one of the most popular trading platforms on the planet and it’s available in more than 32 different languages.

It comes packed with a huge number of features, designed to make your trading experience as easy and hassle-free as possible, and when I was testing out Vantage FX’s platform I found it synced up really well with my account.

MetaTrader4 is particularly well-known for its super low-latency and high speeds.

This makes trading a breeze, even on devices where the internet connection isn’t quite as stable or fast.

It also means that actually making trades is a lot easier, as you don’t need to worry about lag, freezing or glitches.

MetaTrader4 is hosted on servers in New York at the Equinix NY4 data centre.

This is one of the most technologically advanced server platforms in the world and ensures an incredibly fast trading experience.

I also really like how MetaTrader4 allows you to customize the trading layout.

For example, you can move around the tabs on the navigation menu to suit your personal preferences.

There are also no trading limits, making it well-suited to both beginner traders and those who have more experience.

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Mobile Experience

Unfortunately, Vantage FX don’t offer their own downloadable mobile app.

However, their trading platform is configured to be used via the MetaTrader apps, which are generally considered to be world leading.

These apps are free to download and are available across almost all iOS and Android devices.

From the MetaTrader app, you’ll be able to access a huge number of forex markets, and like the desktop version of the site you’ll find yourself able to see real-time pricing, along with a ton of other features and benefits.

I should probably point out that Vantage FX do also offer you the chance to access their website through your mobile device’s internet browser.

However, this experience, I found, is less than satisfactory.

I don’t feel their mobile-optimized website is quite up to scratch, and I experienced some small levels of lag when trying to view up-to-date, current prices.

It’s also not as easy to actually place trades as it is using desktop computers/laptops or the MetaTrader app, although it’s not too bad.

Just don’t expect anything too impressive.

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Investment Options

Vantage FX doesn’t offer the largest selection of investment options, but what they do have on offer should be enough for most.

Their main asset coverage is based around forex, and you’ll find around 40 forex pairs to choose from.

What I do like is that you’re able to use up to 500:1 leverage when trading these pairs.

Like all leading online trading platforms, Vantage FX offers major and minor pairs.

There are a couple of exotic pairs, but nowhere near as many as some of the other brokerages I’ve reviewed.

The platform also offers access to 10 different world stock exchange indices.

I think it’s fair to say they place a strong emphasis on liquid indices, and you’ll find a leverage of up to 200:1.

There are also more than 20 different commodities for you to choose from, including precious metals, energy markets and even some soft commodities.

More recently, Vantage FX has opted to add cryptocurrencies to their platform.

This includes well-known coins like Bitcoin and Litecoin, along with some others like Ethereum and Ripple.

You can make up to 50 contracts per trade, and leverage on Bitcoin, for example, is 5:1.

Finally, you’ll also find yourself able to trade US-based share CFDs.

This includes more than 50 US blue-chip companies, and the minimum trade amount starts from just $6. The leverage is up to 20:1.

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Commissions and Fees

Vantage FX aims to offer some of the best spreads around, and it’s fair to say they really are industry leading.

Their fees and commissions are all incredibly competitive, although they do vary from account to account, so this is something to be aware of.

Below, you can view a breakdown of the fees and commissions at Vantage FX:

If your account is inactive for 6 months or longer, you will be charged an inactivity fee.

However, this is low in the grand scheme of things, although again, the type of account you have determines the exact inactivity fee you can expect to be charged.

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Deposits & Withdrawals

In today’s fast-paced world I think it’s really important brokers are offering users as many payment methods as possible, and I’m pleased to report that Vantage FX do a great job.

I was really pleased with their selection of payment methods, and below I’ll list these.

You’ll find yourself able to make deposits and withdrawals using debit and credit cards, bank wire transfers, BPAY, POLi, Skrill, Neteller and FasaPay, plus you can make broker-to-broker transfers.

There are no fees to make deposits and, with the exception of bank wire transfers, all funds are credited to your account instantly.

As always, the exact payment methods available to you are likely to differ depending on which country you live in.

If you’re interested in finding out which payment methods are available to you, you can check out the “Banking” page on Vantage FX’s website.

When it comes to withdrawals, Vantage FX are one of the quickest brokers to process them.

They generally aim to process all withdrawals within one to two working days, although during busy periods and over the weekends this timeframe can increase to three working days.

As is common in all financial industries, you will need to make sure you withdraw using the same payment method you last used to make a deposit.

The actual time it takes for withdrawals to reach your bank/EWallet account varies depending on which payment method you opt to use.

For example, if you choose to make a withdrawal using an EWallet like Skrill or Neteller, the funds will be made available in your account as soon as the trading platform has processed your withdrawal.

Withdrawals made to debit and credit cards generally take one to five working days, but again, this comes down to your bank and how quickly they process incoming transactions.

I was also happy to see that the vast majority of payment methods offered at Vantage FX do not carry any fees to make withdrawals.

The exception to this is if you choose to make a withdrawal using bank wire.

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Customer Support

I was particularly impressed with Vantage FX’s customer support portal.

It’s clear they’ve trained their customer support team well, and they go out of their way to ensure that you’re well looked after, no matter whether you’re a brand-new trader with only a few trades under your belt, or an experienced trader with a significant portfolio.

I really like how you can access the live chat facility from any page on Vantage FX’s website.

You’ll see a chat icon in the bottom right-hand-corner of the screen and clicking this will bring up the chat box menu.

You’ll then be prompted to enter your name/username and a brief summary of your question before being connected to a live operator. ~

In my experience it takes around 15 seconds to be connected to an operator, so I certainly don’t have any complaints in this regard.

If you look at the top of the screen when inside the secure client area, you’ll also see a phone number.

This is a dynamic number, meaning different users will see a different number.

This allows you to easily and quickly proceed through security, and it also means that the broker is able to connect you with a phone operator who speaks your language.

I found the phone support to be equally impressive, and it’s clear the customer support team aren’t simply following a cookie-cutter script and they actually know what they’re talking about.

There’s also the option to contact the customer support team via email, and while I usually advocate against contacting support through email, Vantage FX are pretty good with their response times.

They aim to respond to all email queries within 24 hours, although in my experience it’s often much faster than this.

I was actually really surprised to notice that Vantage FX are also happy for customers to drop into their offices.

Of course, they’re based in Sydney and Melbourne, so unless you live in either of these cities it’s unlikely you’ll make the trip.

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Despite focusing largely on the Australian market, Vantage FX are happy to accept traders from all over the world, and it’s clear their platform has been built from the ground up for usability.

My only real complaint with the site is that they haven’t yet developed their own trading system.

That being said, they offer both MetaTrader4 and 5 – two of the world’s leading platforms – and in all honesty these are usually better than proprietary platforms.

The broker also has a very solid reputation and is fully licenced and regulated. I’d say the site is perfectly suited for newer traders.

Experienced traders may be slightly put off by the $5,000 leverage cap.

8.0Expert Score
Vantage FX Review
IC Markets review result is: Excellent IC Markets is one of the best forex brokers in the world and we found it to be extremely reliable to invest with. Particularly for beginners, this is an excellent offer.
Trading Tools
Customer Support
  • Low spreads
  • Diversity of trading tools
  • Diversity of forex and CFD instruments
  • Reliable forex broker
  • Fast account opening
  • Good for Pros
  • Good for beginners
  • Customer Support could be improved
  • Slow withdrawals

Details: Vantage FX Review

EURGBP Average Spread


EURUSD Average Spread


GBPUSD Average Spread


Bank Transfer
Credit/Debit Card
Union Pay
Takes USA clients?
Takes E.U. clients?
Takes worldwide clients?


Web Trading
Islamic Accounts

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