Vantage FX Review

2.768 · 180 REVIEWS

Vantage International Group Limited

Vantage Global Prime Pty Ltd

Updated: Nov 17, 2020 ·  · Is this your company?

VantageFX is a forex broker. Vantage FX offers the MT4 and MT5 trading currency platforms. offers over 45 currency pairs, cryptocurrencies including bitcoin, indices, gold, silver, commodities and cfds for your personal investment and trading options.

Vantage FX
An IB of VantageFx had some affiliate commissions denied.  He posted about this at the FPA.  He then reported that VantageFx demanded he remove his complaint in exchange for payment.  The FPA invited VantageFx to the discussion thread.  Their representative made one post which did not address the issue of attempting to blackmail their IB into removing his material from the FPA.  CLICK HERE to follow the discussion.

May 2017: Despite being warned over a year ago, VantageFx appears to still be allowing Reza Mokhtarian to serve as an IB to the company.  The FPA is very disappointed that VantageFx seems to be unconcerned about working with an accused criminal who has also been the subject of multiple regulator warnings. 

June-July 2013: Multiple suspicious and fake positive reviews submitted.

Related websites include

2010-09-19: Vantage FX became a Corporate Authorised Representative of Enfinium Pty Ltd AFSL 322081

Formerly a WL for GoMarkets

ATTENTION: is a forex broker.  There is an unrelated company offering signals services at  You can read and submit reviews for the signals service company here. is part of Vantage International Group Limited. Known members of this group include,,

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $200
Established: 2009
Address: Level 29/31 Market Street, Sydney, NSW, 2000, Australia
Contact:, 61289992046
Regional offices:
Regulators: ASIC #ACN157 768 566, AFSL 428901, CIMA #1383491, FCA #590299
Prohibited countries:
Trading platforms: MT4, MT5
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (45+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (135+) Gold, Silver, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
MAM: Yes
ZuluTrade: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, MobilePay, Neteller, Poli, Skrill, Transfer from Existing Broker, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay


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2.768 · 180 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Ontario, Canada,
Feb 1, 2020,
Registered user

VantageFX is a great broker! I’ve been trading with them going on 3 years n

Service use: Live

Length of use: over 1 Year

VantageFX is a great broker! I’ve been trading with them going on 3 years now. No issues with withdrawals or deposits and my order executions are perfect every time. My trading style is long term, days and weeks long trades. I don’t scalp. Please take the time to carefully read their rules and policy and you can avoid many common issues. Last year during their transition to the islands… I was somewhat hesitant to go along. However, Daniel re-assured me that everything is going to be OK and so far things are working out. This broker has over 100 CFD options for you to trade. NAS100, CrudeOil, SP500, all major and minor currency pairs, Nikkei, Gold, Bitcoin, Apple, Cola, Amazon, etc.

Nov 2, 2018 - 5 Stars This broker is reliable and I can definitely trust them with my money. They are regulated and always prompt to help me with my trading. They accept Credit/Debit deposits, this is something that many other brokers can’t do. If you are new trader, talk to Daniel, he will guide you with account setup and trading basics. A+++
  1 trader has found this review helpful
Bangkok, Thailand,
Jan 2, 2020,

Appalling Customer Service

Service use: Other

Length of use: Have not used

I was thinking of opening an account with Vantage. On around 20 different occasions recently, I tried to contact them via their website chat function.

On each occasion, immediately after I got through to their representative, the chat was abruptly ended from their end, advising they were to busy to respond, requesting that I email them or leave my message in the provided space in their chat window.

On several occasions, I left my query but they failed to reply.

From my experience, it's impossible to contact these jokers via chat. Nor do they reply to messages that one leaves.

Take your business elsewhere until they sort their incompetence out.
Reply by Vantage FX submitted Jan 3, 2020:
Hi there James,

We’re sorry to hear about your experience communicating with us via live chat. Unfortunately, during the period you were trying to contact us through live chat (11:35pm – 12:40am), we were receiving a high volume of new customer inquiries.

I’ve had a look at the live chat transcripts, and to answer your question “Do we offer CFD over the NASDAQ?”, yes, we offer the NASDAQ Index CFD and a number of US Share CFDs, some of which are listed on the NASDAQ. For a full list of our US Share CFDs can please visit, and for a list of our Indices CFDs please visit We are also in the process of launching a number of UK and EU listed Share CFDs in the coming months, too.

Again, we apologise that you were unable to get directly through to our support staff in a timely manner, however if you send an email to and we will connect you directly to a staff member who will assist with any further questions or enquiries you may have.

I hope we hear from you soon, and reconsider joining Vantage FX. Thank you for your constructive feedback, James.

Kind Regards,

Vantage FX
Sydney, Australia,
Oct 5, 2019,
Registered user

Vantagefx dosen’t let clients to withdrawal the profits without evdience

Service use: Live

Length of use: 0-3 Months

Vantage FX is such a Foreign exchange provider who only welcomes money-losing clients. Once it makes profits, the dishonest Vantage FX repudiates customers’ debts and closes accounts, and even refuses customers’ withdrawal requests.

I opened my account at the end of this July and added funds on 07 August. And applied for withdrawal for three times . However, I received the email from Vantage FX saying I cant withdrawn and my account was closed without any substantive reason. In the past few weeks, no one contacted me,so I try to call them, and always told me everything Is fine and always told me my account managaer is not here .After I made a complaint to their Department of Customer Complaints, again no one was present to handled my complaints. So I made a complaint to AFCA regarding my issue with Vantage FX. Nevertheless, Vantage FX made storied and said that they never received any complaint from me. And vantage fx again played for time to make excuses that is quoting error And I did compare with the other major brokers, and all the price quote were the same at that time. I can definitely provide enough evidences while Vantage FX cannot give any substantive evidence, Vantage FX, should be severely punished and directly revoked license!
  3 traders have found this review helpful
Reply by Vantage FX submitted Oct 9, 2019:
Hi Richard,

After discussing the matter at length with you, we stand by our decision. As an ASIC regulated broker we have a strict dispute resolution process in place, the outcome of which you were unhappy with.

Since referring the matter to AFCA, you have presented your side, and we have provided evidence supporting our decision. As the matter is currently under investigation, we are disappointed that you have chosen to post your grievance here in a public forum, especially prior to the matter being resolved.

Vantage FX
leicester, United Kingdom,
Sep 18, 2019,
Registered user

Good experience

Service use: Live

Length of use: 6-12 Months

Been using for a long time, decent broker, don't give me any issues and withdrawals are easy and straight forward
Mississauga, Canada,
Sep 2, 2019,

BS emails, promotions and questionable emails

Service use: Live

Length of use: 3-6 Months

The "account manager" will email you randomly insisting to put in more and more money, even after a month or 2 when I'm making money.

And he'll personally message you promotions and irrelevant poo with no direct or easy way to unsubscribe.

One of his messages was written as if he's a slick, fruit cup bunny that spends in his time in the forexworld, only to disconnect for a couple minutes to "check up on you" and is curious of your strategy and so forth. JOKE

Just a thought
Steven Galt <>
Wed 2019-06-05 10:25 PM
I hope you have been well.

I just wanted to ask the honest question if you have ever considered trading on a larger account balance?

"I always step out of the world of trading for a few minutes every month to simply make sure you are still satisfied with the service and experience with Vantage. All feedback is taken on board to try and improve our offerings.

I know a lot of people see the markets as a way to have a residual income. I know there are a lot of clients that use the markets to hedge their own commercial transactions ( remember you can have up to 500:1… it can be as low as 1:1)."

Thanks Captain Obvious.
Reply by Vantage FX submitted Sep 10, 2019:
Hi Abdullah,

We are very sorry about the circumstances surrounding your complaint and we appreciate you bringing this issue to our attention.

We have taken appropriate disciplinary measures internally as a response to the conduct displayed by your account manager.

Thank you again for bringing this to our attention. Our management team will contact your personally to discuss the incident further and seek that an appropriate resolution is met.

Kind Regards,
Vantage FX
Hamish tait,
Glasgow, United Kingdom,
Aug 21, 2019,

Class execution and spreads.

Service use: Live

Length of use: over 1 Year

Yea very good conditions here on the ecn accounts...really low spread on eurusd and gbpusd. Easy to open account and 400:1 leverage.. I am primarily a scalper and get less slippage here than other brokers with low spreads. No problems to make withdrawals!!
London, United Kingdom,
Jul 1, 2019,
Registered user

Outstanding support and the best in the market!

Service use: Live

Length of use: over 1 Year

I have used Vantage for a few years now and as a team we are collectively using Vantage FX on our Trading Floor!

The support we receive from our Account Manager Daniel K is incredible. He really goes out of his way, working extra hours to make sure we receive the attention we require!

I can't recommend Vantage and Daniel K in just a small amount of words!

For anyone looking for a broker with reputation, credibility, small spreads and the best customer service I have received while being a Trader (9 years)

- Please look no further than Vantage FX!

Thanks again for the continued support and I am looking forward to continuing our relationship together.
Selangor, Malaysia,
Jun 24, 2019,
Registered user

Missing wire transfer withdrawal for a week!

Service use: Live

Length of use: 0-3 Months

I'm filling a complain about my recent withdrawal from Vantage via wire transfer that has been rejected by my bank.

I have NOT had a wire transfer rejected in my life!
This is because Vantage FX did not wire my money correctly by stating the purpose of payment.

I made the wire transfer on the 14/07/2019.
The wire transfer was cancelled and returned to Vantage's remitting Bank (National Australia Bank) on 17/07/2019.

This issue has been ongoing for more than 1 week. Today is already 25/07/2019 and they still insist they have not received the money.

I've opened up a SCAM ALERT thread.

More. Community discussion of this issue >>

Reply by Vantage FX submitted Jun 27, 2019:
Hi there Clackro,

We’re sorry to hear that you experienced delays with your withdrawal request and took to this forum to voice your grievance.

However, the good news is that the error is not on our end and is a result of a small oversight when you completed your withdrawal request. It was found that your bank, HSBC Malaysia, rejected the transaction because they require a Purpose of Payment code, which you needed to include with your withdrawal request.

As you are likely aware, a Purpose of Payment code is a mandatory requirement for transactions to Malaysian Banks, and unfortunately you didn’t provide one.

I can confirm that we processed your withdrawal request promptly as per the information you provided, and that the transfer was initially settled with HSBC who held the funds for several days. However, HSBC Malaysia did not allocate them to your account due to the missing Purpose of Payment. HSBC then rejected the transaction and initiated a transfer back to National Australia Bank, taking a further several days.

It is unfair that you have chosen to rate us with one star because you failed to provide all the information required by your bank in your withdrawal request. Vantage FX processed your transaction promptly according to the information that you provided. Had you provided the correct information in your request, funds would have been received as usual.

We ask that you revise or remove this post and close your 'Scam Alert' thread, as this is a result of an error on your behalf, and is no fault of Vantage FX.

Vantage FX
May 14, 2019,

Shady Spread Differences

The spreads have been very high lately (up to 11.1 pips in EURUSD, when before they were only 0.0 - 0.03).

While chatting with the support I've received a screenshot from another vantage live account, one that had a spread of 0.2 (when mine was 0.9 - 1.1).

The IT department never gave an explanation for this, even though they wrote me several emails asking for more screenshots.

Right now their website with the live spreads seems disabled. I wonder why.
Reply by Vantage FX submitted May 21, 2019:
Hi there Daria,

We’re sorry to hear that you’re experiencing spread issues.

The live spreads are still active on our website, though they can sometimes take a couple of seconds to appear while the site pulls them in live from our platforms. If you’re still having trouble viewing them, please clear your cache and refresh the page, as everything appears fine on our end.

Regarding your spread of 0.9-1.1, is it possible your account is under an IB? IBs can sometimes mark-up the spreads on their clients’ accounts.

To address the widened spread you noticed on EURUSD. As a regulated broker, we do not interfere with our liquidity providers’ prices, even during news events when traders can experience significant increases to volatility. We always advise clients to exercise additional caution to should they wish to trade volatile news events.

Without knowing the specific time that you noticed this fluctuation, it’s difficult for us to ascertain the cause or pinpoint a news event that was likely the cause of the spread widening momentarily. Again, it is in our best interests to ensure our clients receive the best prices sourced from our liquidity providers.

Please submit any screenshots you may have of the spreads you saw at and we will be able to investigate the issue and provide further explanation.

Thank you,
Vantage FX
PARIS, France,
Apr 10, 2019,
Registered user

good broker

I have been trading with them since the beginning of the year to avoid the ESMA laws in Europe and to benefit from high leverage. their execution is great and they propose a large choice of instruments. I asked for a withdrawal and they dit it immidiately. their customer service is great.

Frequently Asked Questions

Is Vantage FX legit?

Vantage FX Group of companies is authorized and regulated in various jurisdictions.

  • Vantage International Group Limited: is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491 
  • Vantage Global Prime Pty Ltd: is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901
  • Vantage Global Prime LLP: is authorised and regulated by the Financial Conduct Authority, FRN: 590299

Is Vantage FX an ECN broker?

Yes, Vantage FX offers ECN Accounts in retail and professional types with following features.

  • Minimum deposit: $500 for retail traders, $20,000 for professional traders
  • Minimum trade size: 0.01 for both
  • Leverage: up to 500:1
  • Platform: MT4, MT5, Webtrader, Mobile App.

How do I withdraw money from Vantagefx?

To make a withdrawal from VantageFX is pretty simple.

  • Log into Vantage FX client portal
  • Select the withdraw tab from the menu
  • Select the withdrawal method
  • Enter the amount