Vantage FX are an award winning Australian financial services firm who offer forex trading services to both retail and institutional clients. While they’re based in Australia they do offer their services to most other places worldwide although unfortunately due to CFTC regulations they are no longer accepting US clients.
The trading platform they use is metatrader 4 which most people are familiar with so if you open an account with them you can probably get started straight away.
Their vision statement reads “In this unpredictable global economic environment, many are turning to the one true 24 hour market – foreign exchange. In the fast pace forex market, the well informed and equipped traders are those who are able to make the best decisions. Provided with the most competitive market spreads; up-to-date charting and statistical analysis; market leading highly flexible and intuitive forex trading software – the Vantage FX client is afforded the best opportunity to be able to make quick and intelligent trades.”
The focus is obviously on speed of execution and tight spreads as it should be. After all, these are the key differences between a good broker and a poor one because spread size and execution speed can have a massive effect on your trading profitability long-term.
So how do they do in these areas?
Their spreads are fantastic and in fact are some of the lowest you will find. Their standard spread starts at 1.2 for the EUR/USD which is lower than the likes of FXCM and FXDD. More importantly, in my experience their execution speed is top notch and talking to other users they report the same experience as me so I think that Vantage FX really does well in this area.
The next important factor to consider when looking for a forex broker is what their customer service is like. Any platform will have problems from time to time so you need to know that when you run into one you can speak to someone professional and efficient who will help you get to the bottom of it. Once again my experience is that the customer service is pretty good all round.
With Vantage FX you also have the option of signing up for a pro account. The pro accounts require a deposit of at least $5,000 but give you various benefits including lower spreads (starting at 0.4 pips). You can also use the auto-chartist software that comes as standard on Vantage FX in order to greatly aid your trading on metatrader 4 by pointing out key patterns and levels or setting alarms to alert you to certain price movements on the charts.
Finally, Vantage FC offer an app for mobile trading (for both iPhones, blackberries and android phones) which allow you to trade on the move so all in all the platform provides all of the software and services you might need in order to manage your account correctly.
I’m impressed by Vantage FX and think they’re one of the best forex brokers out there. If you’re looking for a new account I would definitely consider giving them some consideration.