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VantageFx
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Summary

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

74-89% of retail CFD accounts lose money

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Australia-based Vantage FX is a global forex and CFD broker. It was founded in 2009 and it is regulated by the Cayman Islands Monetary Authority (CIMA) and the Australian Securities and Investments Commission (ASIC).

Vantage FX is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Vantage FX pros and cons Vantage FX has low forex fees and the non-trading fees are also very favorable (e.g. there is no inactivity fee). Opening an account at Vantage FX is a very rewarding experience as the process is super fast (under 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options and most are free of charge.On the flip side, the product portfolio at Vantage FX is rather limited as the broker only offers forex and some CFDs. The customer service could be improved, especially with respect to the relevance of e-mailed responses. Lastly, Vantage FX does not provide any investors protection to its clients.

PROS:
  • • Low fees
  • • Super fast account opening
  • • Seamless deposit and withdrawal
CONS:
  • • Limited product selection
  • • Customer service could be improved
  • • No investor protection

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Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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