Vantage FX is an electronic communication network broker operated by Vantage Global Prime Pty Ltd. It was established back in 2009 as MXT Global; it was only in 2015 that it took its current brand name. Australian-based Vantage FX provides access to international foreign exchange market. Its financial solutions are time-tested and the platform is fit for clients who want to expand their trading portfolio. With its laudable customer support and relatively-fast order execution, Vantage FX remains as one of the leading brokers in the financial sector.
While it is considered a global brand, its services are originally for Australian clients only. But after its expansion, its services became accessible from different parts of the world. Global clients are provided with a diversified selection of asset classes including cryptocurrencies, indices, and commodities, and shares.
Vantage FX Account Types
This broker offers three account types in which fees are reliant on. These are STP account, RAW ECN, and PRO ECN.
This type of account has a floating spread of 0.20 to a maximum of 1.35 pips. This is a commission-based account, charging clients a commission of $3 per side.
RAW ECN Account
This account is most competitive as its commission is only $2 per side. For a deposit of $20,000, clients are well-equipped with offers similar to conditions provided by some of the most popular brokerage firms.
PRO ECN Account
The most impressive feature that this account offers is its rebates of $8 per standard lot. While it is generous to offer such, the rate still placed below the rates provided by leading financial solutions providers.
Platform and Other Features
Vantage FX is considered a MetaTrader broker as it functions through the help of 3rd-party platforms called MetaTrader 4 and 5. These systems are wired with charting, drawing tools, and customizable interface to help traders maximize profits to their limit. In addition to this, these platforms are guaranteed optimal operations mainly from external plug-ins such as Reuters and FXWire PRO news headlines.
Another interesting feature of Vantage FX is the availability of Copy Trading. Through ZuluTrade, DupliTrade, and AutoTrade, clients may check out winning trading strategies and integrate them to their own trading structure.
While Vantage FX only offers MetaTrader systems as its platform, it is heavily compensated by the number of additional plug-ins and the availability of copy trading that makes trading more conducive. The provision of such makes Vantage FX stands as a top contender in the market.
Research and Educational Tools
Almost every feature of Vantage FX is external. Similar to the broker’s research tools, most of them are wired from outside providers. While it managed to provide its own economic calendar and client sentiment report, it still falls short of in-house features. Some of the research tools are:
Vantage FX has its own YouTube channel and the videos uploaded were of decent quality. The only thing that makes it annoying to watch is its pre-recorded parts that are randomly placed all throughout the video. More so, it has re-uploaded videos from Trading Central that may be intended to provide a more hooking content.
As mentioned above, it also partnered with Trading Central to power users’ portals with The Pro Trader Tools product. For an amount worth $1,000, clients are provided with plug-ins that can be integrated to the platform.
This provides insights about the general market movement. With this, clients may use findings to decide what position to take next. It is also equipped with a feature called Analyst Views that provides automated reports.
As part of its Pro Trader collection, it offers 130 videos that focus on trading fundamentals, chartings, and analysis. Apart from this, it does not have any educational materials to facilitate learning. The absence of such places Vantage FX behind other brokers that prioritize the educational aspect.
What came to be Vantage FX’s most impressive features are Copy Trading and its generous account selection. These features set its brand from other brokers since others only offer proprietary platforms, nothing more. While its educational section is in need of improvement, Vantage FX still ranks better than others when it comes to fees. For one, its commission-free setup favors those traders with tight funds.
More so, subscription with this broker is secured as the company is filed under the Financial Conduct Authority, Cayman Islands Monetary Authority, and Australian Securities and Investments Commission. Licenses acquired from these regulatory bodies authenticate the credibility and legitimacy of Vantage FX.