VantageFX Review – A Thorough Look At This Forex Broker

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By Anthony Gallagher

Last Updated

Vantagefx Review

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VantageFX Review

  • Commissions & Fees
  • Investment Offerings
  • Trading Platforms
  • Customer Service
  • Education and Research
  • Trustworthiness


If you trade in the forex market you may have come across VantageFX. VantageFX is a forex broker that offers its users competitive spreads, commissions, and more. Does VantageFX sound like they have what your forex trading needs? Read our thorough review of VantageFX and decide for yourself if this broker is right for you.


  • VantageFX has grown in terms of experience now with more than a decade in the industry.  
  • They offer some of the most competitive spreads and commissions in the industry, depending on your account type. 
  • They are very well regulated by multiple respected bodies and offer a very fast trade execution speed


  • The number of markets offered, including that of forex currency pairs, could be expanded. 
  • There can be a wide gap between the spreads available on the ECN Pro account, and the Standard account

About VantageFX

VantageFX is a top forex broker founded in Australia. They have been around the industry for more than a decade since being founded as MXT Global in 2009. They rebranded to Vantage FX in 2015 and have developed a strong following throughout the industry in Australia and around the world. 

Many traders are attracted by the ASIC, FCA, and CIMA regulations the broker has in place. This top-tier regulation puts VantageFX into a very well trusted category in terms of forex brokers we have reviewed.Vantagefx Landing Screen

VantageFX Account Opening

Starting to trade with VantageFX is a very transparent, flexible process. From the outset, the broker makes clear that you can avail of their unlimited demo account type for as long as you need to. 

Opening a VantageFX demo account is a process that can be completed in just a few clicks and with a minimal amount of personal information and no documentation. 

Once you are ready, you can seamlessly transition to a full live account with a minimum of fuss. Here you will need a couple of supporting documents such as proof of identity and address to satisfy regulatory requirements. From there, your account should be open in just a few moments.  

 Minimum Deposit

The VantageFX minimum deposit is $200 AUD. This is very much in line with the rest of the industry, and particularly top Australian brokers. This, combined with the access to a full, unlimited demo account, provides an excellent value opportunity for traders at every level.

Account Availability And Account Types

As you would expect from a top forex broker like VantageFX, their availability extends to traders worldwide. Being regulated across numerous jurisdictions allows them the ability to offer and tailor offerings to traders in multiple regions. Like many traders, there are just a few countries in the world, including the US, where services are not available.

When it comes to choosing your account type for trading at Vantage FX, you have three main options. There are the Standard STP account, the RAW ECN Account, and the Pro ECN account. The offering of each differs slightly with both ECN account types charging commission but reducing the spread. 

The minimum deposit also varies here. The Standard account type, as referred to above, needs a $200 minimum deposit, while the ECN Raw account requires $500, and the Pro ECN account $20,000. Therefore, we can conclude that there are a wide range of options available to suit all trading needs.Vantagefx Account Comparison

Product Offerings

With VantageFX, the same range of assets are available to trade on each account type, and this includes a total of 40 forex currency pairs and trading on more than 100 CFDs markets, including commodities, a wide choice of global shares, and CFDs on indices. Vantagefx Platform Comparison

VantageFX Fees

Commissions and fees at VantageFX remain highly competitive throughout. Fees with the broker are kept as low as possible, with most funding and other operations being free of any fee. There is also the availability of swap-free trading if you require it. The spread with the broker also remains one of the most competitive in the industry, starting from 0 pips on some major markets depending on the account type. These start from 0 pips with the Pro account, and 1.4 pips with the Standard account.

The commission is charged on trades with both the ECN Raw and Pro accounts, though this too is kept competitive at between $2-$3 per lot, per side.  

VantageFX Platforms And Tools

VantageFX is a Metatrader broker. This means they offer a choice of platforms to traders that include both MT4 and MT5 in various forms. You can access these platforms on desktop, through the online WebTrader, or the Metatrader app for mobile trading. 

This selection marks the most trusted and well-known trading platforms in the industry, with some of the most extensive professional charting and trading capabilities on all systems that we have seen in any forex platforms we have reviewed. 

Desktop Platform

On Desktop, VantageFX provides its version of both MT4 and MT5. Here you can expect the same levels of consistency and excellent performance that are always delivered by these renowned trading platforms. 

Trading with VantageFX is given an extra boost in terms of speed thanks to the ECN/STP nature of the process they have in place. This means all trades are processed in swift time and with maximum efficiency in achieving the best rates and with minimum slippage for you as a trader, even when the market is volatile.Vantagefx Mt4 Desktop

Mobile Trading Platform

At VantageFX, MT4 mobile is available for mobile trading. This is one of the most robust, comprehensive mobile trading platforms in the business. Here you can access the same excellent range of charting tools and indicators that you can do through the desktop platform.

This level of detailed analytical capability, combined with the ease of access in not missing a market move, and providing a one-stop-shop in terms of the app’s compatibility with all your broker accounts, make MT4 mobile a very popular, and secure choice for mobile forex trading.Vantagefx Mt4 Mobile

VantageFX Education And Research

Comparative to some of the top forex educational services we have reviewed, Vantage FX does well in this area. They provide a range of helpful material, including videos and tutorials to new traders in particular. This can certainly help you get to grips with both the forex trading industry and how to get started with trading. 

When it comes to tools, there are also several available, including a comprehensive economic calendar, news resources, and other tools that have the backing of the trading platform. Furthermore, an active trader program is in place with VantageFX that can help you in reducing your trading costs, and work to reward loyal trading. Vantagefx Dashboard


VantageFX differs from many of its competitors in a few key ways. The most outstanding of these is by offering a trading environment and service that is regulated around the world. Not only by one top-tier regulatory body, but several. 

Another positive aspect of trading with VantageFX is that they do all they can to help limit your trading costs with some of the most competitive spreads and commissions around. .All of this, while making sure you remain fully protected with their additional features like negative balance protection in place.Vantagefx Awards

VantageFX Customer Service

The customer service support at VantageFX is available on a 24/5 basis through email, telephone contact, or their website based message service. Any contact made was followed up quickly and with useful information delivered in a professional manner. 

This type and level of service is indicative of a broker who is clear, transparent, and wants to deliver to their traders in a positive way.

Is VantageFX Legit?

Of course, this is one of the primary areas to consider when you start to trade forex. It is an area to carefully examine with every broker. With VantageFX, you can trade through a broker that is reliably and securely regulated around the world by numerous top regulatory bodies. This, combined with positive reports from traders and the fact that VantageFX takes additional steps in measures like negative balance protection to protect your funds, leads us to believe that they are a very trustworthy broker. 

This is a fact that has also been well recognized over more than 10-years in the industry and has brought top recognition for the broker from traders and the industry alike.

Conclusions For VantageFX

Overall, VantageFX presents as one of the top brokers of choice around the world. This is for a good reason. They perform well in almost every category, including within the key areas of security and cost of trading. 

It is no surprise then to see that this broker, having been around in the industry for more than a decade, continues to grow in popularity and does not look to be out of place at the head of the industry with many other big names. If VantageFX continues to develop along the same path as what they are currently offering, then it would be no surprise to see their reputation further grow within Australia and globally as a top forex broker.

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Anthony Gallagher

Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony's writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry. He is recognized for his insightful analyses of global markets and data-driven trade ideas.