Vantage
In 2022, Vantage Markets became the official sponsor of the McLaren Extreme E team. The synergy between Vantage and McLaren Racing have made this the perfect partnership. Speed is paramount in both trading and racing, and together, a strong emphasis is placed on sustainability, innovation, and performance
Vantage
Overall
VantageFX offers the usual MT5 platform, with plenty of CFD and stocks to trade, too.
+ Website is easy
+ Signup process and KYC process is standard
+ Customer support replies fast
+ High leverage for CFD Indices (500-333 depending on equity)
- Payment process is sometimes delayed due to checks and you need to contact customer support to get a new credit card accepted
- No support for PayBackFX using MT5, they actively refuse to participate
- No MT5 servers in Europe, just US and Aussie
- No help with VPS packet loss to their servers. Using two 2 different VPS providers I had packet loss issues to VantageFX servers, and received no support at all to solve the issue.
- Like most FX brokers, their customer support focusses to solve tickets - not solve problems
After the recent attack from the AU gov to reduce leverage to 30, VantageFX remains one of the few fairly ok brokers left to trade with high margin.
Overall
Claim to be the "lowest ECN based account commissions" but what you are not told about is their spreads are not competitive and interest/swap rates are one of the worst 😄😄😄. Will be closing my account soon
Overall
Withdrawal is very time consuming
Overall
Been with Vantage nearly 2 years now, as a consistently proftiable trader withdrawals have been easy. Customer support is amongst the best, live chat have always sorted my issues there and then within an hour. Not like another popular broker who takes 3 days to reply to emails, thank god for Vantage and the live chat system, not only that, live chat actually know what they are talking about and have the power to amend etc on my account when I need it. Execution of trades have been the best I have encountered, I have accounts at Pepperstone, FXCM, Alpari and a few others, and Vantage absolutely kicks ass when it comes to execution and negative or positive slippage. Long may Vantages service continue and I hope they don't change things to make it worse, thank you Vantage.
Overall
Any Canadians here using VantageFX? I'm trying to find a reliable broker (I know Interactive Brokers is good, but I've been on MT4 for too long, will work on learning TWS soon).
Any recent feedback from anyone would be greatly appreciated.
Overall
I'm really happy with Vantage, low spreads on RAW ECN, cheaper commissions than IC and less slippage from my experience ... best of all, they're still taking New Zealand clients when a lot of brokers have stopped! Never had any problems with withdrawals either!
Cheers,
JayTee.
Overall
Yes they do offer. I have good experience with them.
Albert
Overall
I am looking for a broker who offers PAM/MAMM accounts. Does this broker offer tis accounts?
Overall
I dont trust any broker that wont let me close (or open) by a phone call. I been with Global Trader here in South Africa for 5 years now. I dont even use their platform to trade off. I prefer the phone. I use MT4 for charts (with false email accounts and false phone numbers whenever I have to register a demo to get charts. What I always enjoy is getting the same desk operator that takes my call, listens, confirms and executes, and the text comes through on my phone immediately. They are more Stock exchange focused and offer very few FX pairs but there are enough. EURUSD, Cable, Loony, EURGBP, USDCHF USDJPY and one or two other pairs. I caught USDJPY at the start of abenomics and the position was never challenged or questioned. I remember sitting in the DRakensberg Sun Resort that December 2011 I think?? calling the number and placing the trade, then it was happy days for many days.
Overall
Мой первый и, наверное, единственный брокер, в котором при торговле у меня было минимум проблем. Счет я открывал у них ещё осенью на 200 баксов. Скоро буду открываться на более крупную сумму. Спасибо Vantage FX! Процветания вам.
Overall
Отличный брокер как по мне! С Vantage FX познакомился по совету знакомых. Не прогадал. Более честного и порядочного брокера редко где встретишь. Буду продолжать с ними сотрудничать. Ввод-вывод опробован многократно! Все на отлично
Overall
Being based in Singapore now, after messing around with other Australian brokers as a 'foreigner' I wanted to commend Vantage FX for having no problems with withdrawals. Thank you.
Overall
I have never had any issues with vantage and withdraw profits without any issues. Not sure what happened to your XAU chart. Did you call and ask them or use live chat
Overall
That's interesting mk... When I bring up the XAU chart in Vantage FX that 'blip' isn't there... Do you think they removed it? Is that even possible?
Overall
i have real account with vantage for a while, i have remove all my account, this happen within two weeks in row...
vantage does not move with the market... while the rest of the broker (FXCM, METATRADER) stay at $1292.. vtagefx went down about $10...
one week later, the price of Gold went down to $702.5.. i thought of War is going to take place... No again ONLY VTAgeFX...
i had wrote in, they did not refund my lost as i did long for gold, they reset the amount back to date. but i don't feel good to hang around in this broker any longer...
what if, i did not hedge my trade? or place my stop lost?
if you want to grow your wealth with Vtage.Fx. think again!!!
http://www.myfxbook.com/files/mk2wenjie/FXCM.5min_IQ.PNG
FXCM $1292
http://www.myfxbook.com/files/mk2wenjie/20140616_at_4.17.50_pm.png
real account
http://www.myfxbook.com/files/mk2wenjie/MetaTrader.5min.PNG
Metatrader $1292
happened one week after. XAU went as low as $702.5
http://www.myfxbook.com/files/mk2wenjie/.png
Overall
These guys are spam kings and i would not put a cent with them. They called me on my phone ... I didn't answer but saw their number missed call almost daily. I had not given them my number and had entirely nothing ever to do with them. So someone sold them my phone number. So I emailed them to tell them to stop calling me. And they replied that they wee sorry and I was taken off their phone list. Then, get this, they SPAMMED me on the email I used to complain about their unsolicited phone calls. They are warts! Don't go near them.
Overall
Sounds like being able to call and close out a position is important to you. Can I ask why? Did you ever find a broker that was satisfactory?
Overall
I don't know too much about Australian regulated financal services but I found a site that may be able to help you.
http://www.asic.gov.au/asic/asic.nsf/byheadline/Complaining+about+companies+or+people?openDocument
Select the "Money I have invested (financial services and advice)" link for further advice.
Hope this helps.
Overall
Hi @jassie - thank you very much. The only problem is that I was with the Vantage Australia branch....
But appreciated your reply.
Overall
They cannot take you original deposit. complain to the FSA.
The below link is to search for company registered FSA number and you can see if they have been Disciplined before by entering the company fsa number which is normally at the bottom of the brokers home site. Vantage fx fsa number is 501057
http://www.fsa.gov.uk/register/firmSearchForm.do
complaints to FSA are http://www.fca.org.uk/consumers/how-to-complain/need-to-know
