Initially, Vantage was referred to as MXT Global. It was founded in 2009, but only in 2015, it received the current name Vantage FX Pty Ltd. Traders distinguish it as a stable partner, providing access to both traditional FOREX / CFD trading many investment programs. But in the responses very often it was possible to meet with negative feedback that the quality of the support service was not at a sufficient level. Therefore, we will conduct a detailed review of the company and find out its advantages and disadvantages.
|Year of foundation||2009|
|Regulator||AFSL and ASIC (Australian independent financial regulators)|
|Trading platforms||MetaTrader4, MetaTrader5, ZuluTrade, ChartIQ and myFxtrade|
|Number of financial instruments||more than 100|
Advantages and disadvantages of Vantage FX that customers emphasize
Of the main advantages, we can single out the presence of a regulator, which excludes any possibility of the company to withhold client funds, not to pay them or freeze them for no reason. By agreement with the regulator, each deposit has an insurance premium. Therefore, in the presence of claims with evidence, you can count on compensation.
The second significant advantage is a large selection of trading platforms. More about them will be written below in the review.
Among the shortcomings, customers emphasize the difficulty in communicating with managers, as they can respond for a long time. Also, not all users are satisfied with the existing trading conditions. For example, a small number of financial instruments for trading, commissions, restrictions on trading with leverage.
Trading conditions and fees
The company offers the user to open one of the following types of accounts:
• ECN Standart;
• STP Standart;
• Pro (premium account).
The difference between the first two types of accounts is that the ECN is entering the international bank market. That is, the user opens a transaction in real conditions. And STP is the type of account where transactions are made on the broker’s servers according to quotes that are delivered by reputable financial organizations.
In the premium account, the minimum deposit contains $ 2000. The average size of the spread is 1-2 points in volatile positions.
Vantage FX Platform Overview
It is made in the Landing Page format and having only a few basic pages. Many consider this a disadvantage since the site is not informative. There are no separate sections with training, free analytics. The site also supports only English and Chinese. Therefore, residents of the CIS and some European countries will have problems understanding the interface.
Support Services for Vantage FX Customers
This company is known for active integration with various trading automation services. Through this company, you can connect to Autochildist and use analytics in trading. Even this will be enough to save time and not independently engage in the study of markets.
The site still managed to find a block with an economic calendar. It is integrated with the MetaQuotes service, so the information can be considered relevant and correct without a doubt. For the Metatrader trading terminal, you can connect the SmartTrader Tools plugin, which combines several settings for the platform.
At the beginning of the review, all available trading terminals were mentioned. Metatrader is the classic desktop version, and ZuluTrade, ChartIQ and myFxtrade are mixed platforms that are available in the browser, and for mobile devices, and computers.
A great advantage of the company is the ChartIQ platform, which integrates with MT. You can trade directly from the browser, using all possible tools Metatrader. It is convenient, fast and informative.
Other features of this broker
The forex broker tries to follow innovations and trends. In 2017, access to cryptocurrency trading was opened.
Many existing customers noted that a company with $5,000 starts to lower leverage, thereby reducing risks and lowering potential profit.
According to numerous reviews, we can conclude that the company withdraws a deposit without a problem and makes all payments.