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The WikiFX Score of this broker is reduced because of too many complaints!

Vantage FX

Vanuatu|2-5 years|
Suspicious Scope of Business|High potential risk|

http://www.vigco.com

Website

Rating Index

Contact

support@vigco.com
http://www.vigco.com
iCOUNT Building, Kumui Highway, Port Vila, Vanuatu
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

Vantage International Limited

Company Abbreviation

Vantage FX

Platform registered country and region

Vanuatu

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-06-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Vantage FX · WikiFX Survey

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Vantage FX · Company Summary

Vantage FX Review Summary
Founded Over 13 years
Registered Country/Region Vanuatu
Regulation Unregulated
Market Instruments Forex, indices, energy, share CFDs, precious metals, soft commodities, ETFs and bonds
Leverage N/A
EUR/ USD Spread 0.0 pip
Trading Platforms Vantage App, MT4, MT5, and ProTrader
Minimum Deposit $50
Customer Support 24/7 Phone, email, live chat and online messaging

What is Vantage FX?

Vantage FX is a trading platform that has been purpose-built over more than 13 years to help traders capitalize on market opportunities seamlessly. Beyond serving as a platform for investing in financial assets, Vantage FX aims to create a comprehensive ecosystem that facilitates learning, exploration, and connection with other like-minded investors. The platform emphasizes the highest regulatory and security standards, fostering an environment where investors can trade with absolute peace of mind.

It's important to note that Vantage FX currently lacks valid regulation and there have been reports on the website about issues.

Vantage FX's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Competitive spreads
  • Not regulated
  • A range of trading instruments
  • Some reports of scam and withdrawal issues
  • Multiple trading platforms and mobile apps
  • Regional restrictions
  • Acceptable minimum deposit
  • No social media presence

Pros of Vantage FX:

- Competitive spreads: Vantage FX offers competitive spreads from 0.0 pip, which can be beneficial for traders looking for cost-effective trading.

- A range of trading instruments: Vantage FX provides a variety of trading instruments, allowing investors to diversify their portfolios and explore different market opportunities.

- Multiple trading platforms and mobile apps: Vantage FX offers multiple trading platforms and mobile applications such as MT4 and MT5, enabling traders to access their accounts and trade conveniently from different devices.

- Acceptable minimum deposit: Vantage FX has an acceptable minimum deposit requirement of $50, making it accessible for traders with smaller capital to start trading.

Cons of Vantage FX:

- Not regulated: One significant drawback is that Vantage FX currently lacks valid regulation, which means there is no oversight from government or financial authorities. This could potentially expose investors to higher risks.

- Some reports of scam and withdrawal issues: There have been reports of scam and withdrawal issues associated with Vantage FX. These reports indicate a potential concern regarding the reliability and trustworthiness of the broker.

- Regional restrictions: Vantage FX has regional restrictions that limit accessibility to certain countries or regions including residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists, which could be a disadvantage for potential investors from those areas.

- No social media presence: Vantage FX's lack of social media presence can make it challenging for traders to engage and interact with the broker or stay updated with market news and updates.

Is Vantage FX Safe or Scam?

Investing with Vantage FX carries a higher level of risk due to the fact that they currently lack valid regulation. This means that there is no oversight from government or financial authorities regarding their operations. Therefore, it is crucial to conduct thorough research and carefully assess the potential risks and rewards before considering investing with them. It is generally advised to opt for brokers that are well-regulated to ensure the safety and protection of your funds.

Market Instruments

Vantage FX offers a wide range of trading instruments across different asset classes.

- Forex: Vantage FX provides access to the forex market, allowing traders to trade major, minor, and exotic currency pairs. This includes pairs like EUR/USD, GBP/USD, USD/JPY, and many more.

- Indices: Traders can also trade indices through Vantage FX. This includes popular global indices like the S&P 500, Dow Jones, FTSE 100, DAX 30, and more. Trading index CFDs allows investors to speculate on the performance of entire stock markets.

- Energy: Vantage FX offers trading on energy commodities such as crude oil (WTI and Brent) and natural gas. These commodities are highly actively traded and are influenced by various factors including geopolitical events and supply-demand dynamics.

- Share CFDs: Traders can participate in the stock market by trading share CFDs (Contracts for Difference) with Vantage FX. This allows investors to speculate on the price movements of individual company stocks without owning the underlying shares.

- Precious Metals: Vantage FX allows trading in precious metals like gold, silver, platinum, and palladium. These markets are attractive to investors due to their safe-haven status and their potential as a hedge against inflation and economic uncertainties.

- Soft Commodities: Vantage FX offers trading in soft commodities like agricultural products, including corn, wheat, soybeans, coffee, cocoa, and more. These commodities are influenced by factors such as weather conditions, global demand, and supply chain dynamics.

- ETFs: Exchange-Traded Funds (ETFs) allow traders to gain exposure to a diversified portfolio of assets. Vantage FX provides access to a range of ETFs, covering various sectors, indices, or commodities.

- Bonds: Vantage FX also offers trading in bonds, allowing investors to speculate on the price movements of government and corporate bonds. Bonds are typically considered fixed-income investments.

Market Instruments

Account Types

Vantage FX offers four main types of trading accounts, each catering to different trading styles and preferences.

  • Pro ECN Account:

- Minimum Deposit: $50

- The Pro ECN account is designed for traders who prefer to trade with raw ECN spreads. This account type offers access to institutional grade liquidity and allows for high-speed execution with minimal slippage.

  • Raw ECN Account:

- Minimum Deposit: $50

- The Raw ECN account is tailored for traders seeking direct market access with raw ECN spreads. This account type provides access to deep liquidity from multiple providers and offers competitive pricing through raw spreads.

  • Standard STP Account:

- Minimum Deposit: $50

- The Standard STP account is ideal for traders who prefer to trade using Straight Through Processing (STP) execution. It is suitable for traders who seek straightforward pricing with zero commissions and competitive spreads.

  • Swap-Free Account:

- Minimum Deposit: $50

- The Swap-Free account is designed for traders who adhere to Islamic principles and require an account that is compliant with Sharia law.

Account Types

Spreads & Commissions

Vantage FX is known for offering competitive spreads and transparent commission structures across its range of trading accounts. The brokerage provides traders with the opportunity to access tight spreads and favorable trading conditions, ensuring cost-effective trading experiences. The spreads and commissions of each account as follow:

Account Type Spreads Commission
Pro ECN From 0.0 pip $1.50 per lot per side
Raw ECN $3.00 per standard lot, per side
Standard STP No commission
Swap Free N/A
Spreads & Commissions

Trading Platforms

Vantage FX provides a selection of advanced trading platforms, catering to the diverse needs of its clients.

  • The Vantage App

The Vantage App is a proprietary mobile trading platform offered by Vantage FX, providing clients with the flexibility to trade on the go using their smartphones or tablets. The app features intuitive navigation, real-time pricing, advanced charting tools, and the ability to execute trades and manage positions from anywhere, ensuring that traders can stay connected to the markets at all times.

  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

In addition to the Vantage App, Vantage FX offers access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are renowned in the industry for their robust feature sets. These platforms support a wide range of trading instruments, advanced charting capabilities, technical indicators, and automated trading through expert advisors (EAs). MT4 and MT5 also provide access to customizable trading algorithms, back-testing functionality, and a user-friendly interface, empowering traders to implement their trading strategies with precision and efficiency.

  • The ProTrader platform

Furthermore, Vantage FX provides the ProTrader platform, catering to the needs of professional traders and institutional clients. ProTrader offers a comprehensive suite of tools for in-depth market analysis, order management, and risk management, allowing sophisticated traders to execute complex trading strategies with speed and accuracy. The platform's advanced charting, customizable workspaces, and multi-asset trading capabilities make it a compelling choice for traders seeking a high-performance trading environment.

Trading Platforms

Deposits & Withdrawals

Vantage FX offers multiple deposit and withdrawal methods for its customers. These methods include:

- Credit/Debit Cards: Deposits made through VISA and Mastercard credit or debit cards are processed instantly and do not have any fees.

- Bank Wire Transfer: Deposits made through bank wire transfer take 2-5 business days to process and also do not have any fees.

- Digital Wallets: Vantage FX also allows deposits and withdrawals through various digital payment methods like Skrill, UnionPay, NETELLER, and Boletol. These methods are also processed instantly and usually do not have any fees.

Funding Methods

User Exposure on WikiFX

Visitors to our website can find instances of withdrawal difficulties, potential scams, and significant slippage. It is recommended for traders to thoroughly assess the provided details and acknowledge the risks connected with engaging in transactions on an unregulated platform. Prior to trading, it is advisable to review our platform for pertinent information. Should you encounter deceitful brokers or have experienced such misconduct, we encourage you to inform us through the Exposure section. Your cooperation is valued, and our team of professionals is dedicated to addressing and resolving any issues you encounter.

User Exposure on WikiFX

Customer Service

Vantage FX offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +1 (345) 7691640

Email: support@vantagemarkets.com

Address: iCount Building, Kumul Highway, Port Vila, Vanuatu

contact details

Vantage FX provides an online messaging feature as an integral component of their trading platform, enabling traders to directly interact with customer support or other traders in real time. This functionality offers a convenient avenue for obtaining immediate assistance or participating in conversations with other traders.

contact form

Conclusion

Vantage FX offers a diverse range of trading products and services, including multiple account types, advanced trading platforms, and access to a wide variety of financial instruments. However, it is important to note that Vantage FX currently lacks valid regulation, which can raise concerns about its safety and oversight. Additionally, there have been reports of issues such as withdrawal difficulties, potential scams, and severe slippage on the platform's website, which impact its trustworthiness and reliability. Therefore, potential users are advised to thoroughly consider these factors before engaging with Vantage FX.

Frequently Asked Questions (FAQs)

Q 1: Is Vantage FX regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Vantage FX?
A 2: You can contact via telephone: +1 (345) 7691640, email: support@vantagemarkets.com, online messaging and live chat.
Q 3: What platform does Vantage FX offer?
A 3: It offers Vantage App, MT4, MT5, and ProTrader.
Q 4: What is the minimum deposit for Vantage FX?
A 4: The minimum initial deposit to open an account is $50.
Q 5: At Vantage FX, are there any regional restrictions for traders?
A 5: Yes.Vantage FX does offer services to residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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FX1272319821
more than one year
The company website has so little content that I felt it lacked sincerity in telling potential customers about their business. More importantly, I have seen many people say that they have been cheated. It's scary!
2023-02-23 12:04
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郑金来
more than one year
This trading platform does not have any supervision and is not formal at all. There is serious slippage on the platform, feel free to inflate your transaction fees. The currency pairs I traded on this platform lost $500 in a few days. And their customer service personnel are very unprofessional, there is no way to answer my questions at all.
2022-12-13 15:31
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FX1012875549
more than one year
Degiro is an accomplished liar. On its website it seems to you that this is a professional and well-regulated broker, but IT IS NOT SO! They have scammed me thousands of dollars and they did not answer me. where can i get my money back?????
2022-11-16 17:52
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