Score

1.46 /10
Danger

Vantage FX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 3

Exposure

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Score

Regulatory Index0.00

Business Index6.59

Risk Management Index0.00

Software Index4.00

License Index0.00

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No restriction on the broker account. Support service provided by WikiFX

Single Core

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

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Company Name

Vantage Global Prime LLP.

Company Abbreviation

Vantage FX

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 6
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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Vantage FX · Company summary
Registered in United Kingdom
Regulatory status No effective regulation at present
Year(s) of incorporation 2-5 years
Market instruments Currency pairs, stocks, commodities, precious metals, energies, indices...
Minimum initial deposit $200
Maximum leverage 1:30
Minimum spread From 0.0 pips
Trading platform MetaTrader5, MetaTrader4, proprietary platform
Deposit and withdrawal methods Credit/debit cards, skrill, neteller, neteller
Customer Service E-mail/phone number/address/live chat
Fraud allegations Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of Vantage FX

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.

What type of broker is Vantage FX?

Dimension Advantages Disadvantages
Broker Model Vantage FX offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Vantage FX has a potential conflict of interest that can lead to decisions that are not in the best interest of clients.

Vantage FX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Vantage FX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that Vantage FX has a certain conflict of interest with its clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with Vantage FX or any other MM broker.

General Information and Regulation of Vantage FX

Vantage FX is a UK-registered company that offers a wide variety of financial instruments, including currency pairs, indices, commodities, cryptocurrencies and stocks. The company is not regulated by any financial supervisory body, which can be a risk for clients. However, the company strives to provide a safe and transparent trading experience.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

market instruments

Market instruments

Advantages Disadvantages
Wide selection of instruments, including forex, commodities, indices and equities The exact number of instruments available is not specified.
Possibility to diversify the trading portfolio Some instruments may have higher spreads and commissions than others.
Opportunity to take advantage of fluctuations in different markets The level of leverage and volatility of some instruments can be risky for less experienced traders.

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, so it is important for traders to carefully assess their level of knowledge and experience before trading certain instruments.

market instruments

Spreads and commissions for trading with Vantage FX

Advantages Disadvantages
Competitive spreads Fees on some accounts
Commission-free deposits and withdrawals Inactivity charges
No annealing Nightly exchange rates
Access to ECN accounts with gross spreads High minimum lot sizes

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. Finally, minimum lot sizes can be high, which can limit traders' flexibility in setting the size of their trades.

Trading accounts available at Vantage FX

Advantages Disadvantages
Standard account with $200 minimum deposit allows access to a wide range of instruments and the MetaTrader4 platform. Higher spreads compared to other accounts
Raw account with a minimum deposit of $500 offers reduced spreads and access to the MetaTrader4 and MetaTrader5 platform. A commission of $3 per lot is charged on raw account transactions.
Professional account with a minimum deposit of $500 offers access to a full range of instruments, reduced spreads and a wide range of platforms. Only available to professional traders with experience and knowledge in the industry.

Vantage FX offers three account types to meet the needs of different traders. The standard account has a minimum deposit of $200 and offers access to a wide range of instruments and the MetaTrader4 platform. The raw account has a minimum deposit of $500 and offers reduced spreads and access to the MetaTrader4 and MetaTrader5 platforms, but charges a commission of $3 per lot on trades. The professional account also requires a minimum deposit of $500, but offers access to a wide range of platforms and reduced spreads for experienced professional traders. In general, traders have options to choose from based on their trading experience and preferences.

account types

Trading platform offered by Vantage FX

Advantages Disadvantages
Wide selection of trading platforms, including MetaTrader4, MetaTrader5, ProTrader and social trading feature Some platforms may have a steeper learning curve
Platforms offer a wide variety of technical analysis tools ProTrader may be more suitable for advanced traders.

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. However, some platforms may have a steeper learning curve and the social trading platform may not be suitable for all traders.

trading platform

Vantage FX maximum leverage

Advantages Disadvantages
It allows traders to obtain greater market exposure with a lower initial investment. High leverage can also increase potential losses in the market.
Traders can take advantage of market fluctuations to make short-term profits. Leverage can increase the risk of a failed trade.
It can be useful for traders with a short-term strategy who are looking to make quick decisions in the market. Novice traders may run the risk of using too high leverage and suffer significant losses.

Vantage FX offers a maximum leverage of up to 1:30. This means that traders can multiply their market exposure by up to 30 times their initial investment. Leverage is a useful tool for those looking to trade with a limited amount of capital, as it allows them to gain much greater exposure to the market than would be possible with a direct investment. However, leverage also increases risk and can lead to significant losses if used irresponsibly. Therefore, it is important that traders understand the risks associated with leverage and use it with caution.

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Wide variety of deposit and withdrawal methods available. Deposits and withdrawals in cryptocurrencies are not accepted.
Commission-free deposits and withdrawals. Debit cards are not accepted for deposits.
Fast processing of deposits. Withdrawals may take up to 5 business days to process.
Withdrawals with no minimum amount. Limitations on the maximum size of the deposits.

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.

deposit and withdrawal

Vantage FX Education

Advantages Disadvantages
Wide variety of educational resources, including webinars, videos, and tutorials There is no specific education section on the website, making it difficult to navigate and find resources.
Educational resources are available to all account types, which means that all traders have access to No customized or specific content for more advanced traders
The educational resources are designed for both beginners and advanced traders. There are no interactive options, such as chat rooms or discussion forums, for traders to interact and share knowledge.

Vantage FX offers a wide variety of educational resources for its clients, including live webinars, educational videos and tutorials. These resources are available for all account types and are designed for both beginner and advanced traders. Although there is no specific education section on the website, the educational resources are easily accessible from the home page. However, the resources do not offer customized or specific content for more advanced traders and there are no interactive options, such as chat rooms or discussion forums, for traders to interact and share knowledge. Overall, Vantage FX's educational resource offering is good, but could be improved with interactive options and customized content.

educational resources

Vantage FX Customer Service

Advantages Disadvantages
Customer service support available 24 hours a day, 5 days a week No customer service support on weekends
Variety of contact options, including email, phone and live chat No mention of support services in languages other than English.
An international telephone number is provided for customers from all over the world. No mention is made of the availability of specialized technical support for customers.
The FAQ section on the website can provide answers to common questions. There is no information on the average response time of the support team.

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.

customer support

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. Overall, Vantage FX can be a good option for experienced traders looking for tight spreads and a wide selection of financial instruments, but it is important to keep in mind the risks associated with the lack of regulation and the limited leverage offered by the company.

Vantage FX Frequently Asked Questions

  • Question: Is Vantage FX regulated by a regulator?

  • Answer: Yes, Vantage FX is regulated by the Australian Securities and Investments Commission (ASIC).

  • Question: What is the minimum deposit to open a Vantage FX account?

  • Answer: The minimum deposit for the standard account is $200, while for the Raw account and the professional account it is $500.

  • Question: What types of trading platforms does Vantage FX offer?

  • Answer: Vantage FX offers MetaTrader4, MetaTrader5 and ProTrader.

  • Question: What are the trading instruments offered by Vantage FX?

  • Answer: Vantage FX offers forex, commodities, indices and stocks.

  • Question: What level of leverage does Vantage FX offer?

  • Answer: Vantage FX offers a maximum leverage of 1:30.

  • Question: How can I make a deposit to my Vantage FX account?

  • Answer: Vantage FX offers several deposit options, including credit card, Neteller, Skrill and wire transfer.

  • Question: What educational resources does Vantage FX offer?

  • Answer: Vantage FX offers a variety of educational resources, such as webinars, video tutorials, seminars and an education section on its website.

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李德财
more than one year
I traded with this fake vantage FX mistakenly one year ago, and I thought it was the real one. I came to realize that something went wrong when I began to trade with horribly huge spreads, the eurusd pair 300 pips, and I got panic then. These uneducated people helped nothing but constantly asked me to put down more and more.
I traded with this fake vantage FX mistakenly one year ago, and I thought it was the real one. I came to realize that something went wrong when I began to trade with horribly huge spreads, the eurusd pair 300 pips, and I got panic then. These uneducated people helped nothing but constantly asked me to put down more and more.
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2023-03-20 17:55
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淼㵘
more than one year
Vantage FX looks solid, but a little research reveals the truth! Its so-called regulatory licenses are all fake, and its crimes have been exposed by victims.
Vantage FX looks solid, but a little research reveals the truth! Its so-called regulatory licenses are all fake, and its crimes have been exposed by victims.
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2023-03-01 10:40
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