VantageFX Broker Review: features, pros and cons 2023

Reviews, VantageFX


A Comprehensive Look at a Leading Forex Trading Platform

VantageFX is an innovative online forex and CFD broker that has been making waves in the financial industry. Established in 2009, VantageFX has focused on providing clients with an advanced trading experience, coupled with superior customer service and support. This review will provide a comprehensive analysis of the various trading services and features that VantageFX has to offer, including markets and products, trading platforms, account opening, fees, and more.

Markets and products

VantageFX boasts a wide range of trading instruments, including forex, indices, commodities, shares, and cryptocurrencies. With over 300+ assets available for trading, VantageFX caters to both beginner and experienced traders alike. The broker also offers various account types, such as standard, Pro ECN, and Islamic accounts, ensuring that traders can find a suitable option to meet their needs and preferences.

Web trading platform

VantageFX’s web trading platform, powered by MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offers a user-friendly and intuitive interface that caters to both novice and experienced traders. The platform includes advanced charting tools, numerous technical indicators, one-click trading, and customizable layouts. Moreover, the web platform supports automated trading strategies, which can be beneficial for algorithmic traders.

Mobile trading platform

VantageFX’s mobile trading platform is available for both iOS and Android devices. The mobile app retains the same features and functionality as the web-based platform, ensuring that traders can access their accounts and monitor their positions on the go. In addition to this, the mobile app includes push notifications, allowing users to receive real-time updates on their trades and account activity.

Desktop trading platform

The VantageFX desktop trading platform, like the web and mobile platforms, is powered by MT4 and MT5. It offers an enhanced trading experience with even more advanced features and tools, including the ability to create custom indicators and scripts. The desktop platform also supports multi-monitor setups, enabling users to manage multiple accounts and trading charts simultaneously.

Account opening

Opening an account with VantageFX is a straightforward process that can be completed entirely online. To get started, users are required to provide personal information, proof of identity, and proof of address. Once the verification process is complete, users can fund their accounts and begin trading. The entire account opening process is typically completed within 24 hours.

Broker Fees

VantageFX is known for offering competitive spreads and low fees, making it an attractive option for cost-conscious traders. The broker charges no commissions on its standard account, while the Pro ECN account involves a small commission per trade. VantageFX also offers swap-free Islamic accounts, catering to traders who require interest-free trading conditions.

Deposit and withdrawal

VantageFX supports various deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and popular e-wallets like Skrill, Neteller, and PayPal. The broker also accepts deposits in several currencies, eliminating the need for currency conversion fees. Withdrawals are typically processed within one business day, ensuring that traders can access their funds quickly and efficiently.

Customer support

VantageFX places a strong emphasis on customer support, offering 24/5 assistance via live chat, email, and phone. The broker also provides a comprehensive FAQ section, addressing common queries related to account management, trading, and platform usage.


VantageFX offers an extensive educational section, including articles, webinars, video tutorials, and an interactive trading course. These resources cater to traders of all experience levels, helping users develop their skills and knowledge of the financial markets.


VantageFX is regulated by multiple reputable regulatory bodies, such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This ensures that the broker adheres to strict regulatory standards, providing traders with a secure and transparent trading environment. Additionally, VantageFX maintains segregated client accounts and employs advanced encryption technologies to protect user data and transactions.

Research tools

VantageFX provides a suite of research tools to assist traders in making informed decisions. These tools include an economic calendar, market news, technical analysis, trading signals, and expert market commentary. The broker also offers access to Autochartist, a popular pattern-recognition software that helps traders identify trading opportunities based on technical analysis.

Affiliate Program

VantageFX operates an attractive affiliate program that allows partners to earn commissions for referring new clients. The program includes a tiered commission structure, offering higher payouts for affiliates with a larger number of referred clients. In addition to the monetary incentives, VantageFX provides partners with marketing materials and dedicated account management support.

Prohibited countries

VantageFX does not accept clients from certain jurisdictions due to regulatory restrictions or other considerations. Some of these prohibited countries include the United States, Iran, North Korea, Syria, and Yemen. It is always advisable to check the broker’s terms and conditions or contact their customer support to verify whether your country of residence is eligible for VantageFX’s services.


VantageFX stands out as a competitive forex and CFD broker, offering an extensive range of trading instruments, advanced trading platforms, and a comprehensive suite of tools and resources. With its commitment to customer support, competitive fees, and diverse account offerings, VantageFX caters to traders of all experience levels. The broker’s strong regulatory background and emphasis on security further enhance its appeal to those looking for a reliable and transparent trading partner. Overall, VantageFX is a solid choice for traders seeking a well-rounded and user-friendly trading experience.

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