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Vantage FX review – a previously popular broker has failed, no payments
Vantage FX is an international broker providing services in the field of trading financial instruments. The company is registered and regulated in multiple jurisdictions, providing clients with access to a wide range of financial products, including Forex, indices, commodities, stocks and others. Since its founding in 2009, the company has operated transparently, but over the past 2-3 years, users have been publishing only negative reviews. The project has failed, trading with scammers is fraught with too high risks.
|Year of foundation
|Regulation and jurisdiction
+61 2 8999 2044
+44 2080 363 883
4th Floor The Harbour Centre, 42 N Church St, George Town, Cayman Islands
- Low entry threshold
- Negative feedback from traders
- Problems with withdrawal of money
- Hidden fees
Vantage FX App
|Types of accounts
Pro ECN Account
Standart STP Account
RAW ECN Account
USD, GBP, EUR, AUD, CAD, SGD
Crypto wallets, Neteller, PayPal, Skrill, FasaPay, Thailand Instant Bank
0.4 pips (ECN)
44 currency pairs, CFDs on shares, precious metals and commodities
About Vantage FX
The broker has over 13 years of experience in the market, starting in 2009. During this time, the company has grown internationally, employing more than 2,000 employees in 30 offices around the world.
Vantage International Group Limited is registered and regulated by the Cayman Islands Authority (CIMA). The scammers also registered a legal entity in Australia. There are no scanned copies of certificates of incorporation. Representatives of the office claim to have received two licenses:
There are several suspicious issues regarding registration and regulation. Firstly, the parent company is registered in an offshore zone. The Caymans are far from the most reliable jurisdiction. Secondly, there is no confirmation that the claimed licenses are still genuine. Thirdly, there is no registration and regulation in Russia. The project’s activities are not authorized by the Central Bank of the Russian Federation, which puts users from this region at risk.
To attract the attention of beginners, scammers claim dubious advantages:
- Fully regulated provider: Reliable trading environment with stock security through segregated accounts with leading banks, audits and liability insurance;
- low spreads: competitive spreads starting from 0.0 pips;
- awards: multiple recognition internationally as one of the best Forex CFD brokers.
- fast order execution: high-performance, optimized servers and networks for fast execution of trading operations.
All this is an abstract lie that has no direct relation to Vantage FX official website devoid of any specifics. The scammers simply promise high returns and maximum security, while having enormous problems with the legal aspect of cooperation.
Trading with broker Vantage FX
Is not only a platform for investing in financial assets, but also a center for training and exchange of experience among like-minded people. The company is committed to providing clients with everything they need to trade successfully by providing a simple and intuitive trading platform and application. Clients have access to trading over 1,000 different instruments, while receiving the support of highly trained staff.
The firm offers various types of trading accounts designed for traders of all experience levels. The company has provided special conditions for both professional traders and large volume managers, as well as for experienced market participants seeking access to competitive spreads and low commissions. Beginners are offered direct market access without commissions, and traders with certain religious beliefs can choose accounts that do not involve the accrual or payment of swaps.
However, the Forex kitchen is not going to introduce transactions to the interbank market. Sharaga gives preference inside the court with a predetermined result. Swindlers completely control the quotes of financial assets, so they can easily destroy a trader’s deposit, regardless of his level of qualifications.
Trading is carried out through desktop and mobile platforms, providing flexibility and mobility in trading. For optimization, integration with expert advisors on MT4 and MT5 terminals is offered, as well as latency reduction technologies. 24/7 customer support provides reliable support at all stages of trading.
The company provides a wide range of educational materials and tools for all levels of traders. In Academy Vantage FX you can find free educational materials, webinars, videos and courses suitable for both beginners and experienced market participants. Additionally, online trading courses are offered, as well as daily market analysis and technical analysis from experts. The effectiveness of training raises questions. Mostly these are materials borrowed from open access.
- minimum deposit: $50-$10,000;
- commissions: from $0 to $3.00;
- base account currencies: AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, PLN;
- spreads: from 0.0 pips to 1.0 pips;
- minimum lot size: 0.01.
Traders have many questions about Vantage FX personal account on this platform becomes a real headache for the investor. The company is unable to provide transparent service. Scammers systematically charge hidden fees from clients.
Vantage FX broker exposed
The broker’s work raises doubts about reliability and honesty. Main signs of fraud:
- Vantage FX actively persuades potential clients to open an account, which is a characteristic feature of offshore companies;
- there is an increase in subscribers on social networks such as Facebook, Twitter and YouTube, while user activity is minimal. This indicates attempts to artificially create the appearance of popularity;
- the broker is accused of manipulating prices, increasing spreads and creating unexpected slippages when closing transactions, which leads to financial losses for traders;
- there are complaints about the delay in the verification process and difficulties with withdrawal of funds, which is often a sign of unscrupulous brokers;
- despite having licenses from various regulators, the actions of the counterparty raise doubts about its transparency and honesty;
- the broker offers trading in CFDs that are created internally and can independently set quotes for them, which increases risks for traders.
Users have no reason to believe Vantage FX investments into trading through this platform are doomed to fail. Traders are unanimous in their assessment: the project was created by scammers to steal the savings of newcomers. The platform only imitates the trading process and is definitely not a real counterparty.
Vantage FX – a cheap kitchen, not an international broker. The company is involved in high-profile scandals due to accusations of blocking payments of promised profits. The scammers draw fake income, and when it comes to cashout, they ban the account and stop making contact.
Reviews of trading with broker Vantage FX
Traders’ assessments are negative. Nobody believes promisesVantage FX reviews are devoted to the lack of declared earnings. One of the clients expresses his frustration due to the impossibility of withdrawing funds, despite the seeming attractiveness of the conditions of working with the broker. The broker is committing fraud. There is no cashout from the site.
Bolatashim emphasizes the loss of money for no apparent reason, which indicates possible manipulation on the part of the broker. He claims that the counterparty is no longer trustworthy for trading and mentions problems with replenishing accounts and closing positions on flimsy pretexts.
Alexander expresses dissatisfaction with the refusal to provide documentary evidence and ignoring the terms of the trade agreement on the part of the company, which may indicate the opacity of the broker’s actions and unwillingness to comply with its own rules.
Complimentary comments also slip through from time to time. Someone here still managed to make money, but now the site has become a scam and is openly extorting money from gullible people. Therefore, now trading on the platform in question is a risk devoid of any logic.
By comparing the positive and negative comments about the broker’s activities, we can conclude that the project is cheating people out of money, and is also trying to make a profit on past merits. The scammers even changed the site’s domain. Experts also don’t trustVantage FX review complaints confirmed initial concerns about a lack of transparent service.
Dealing with Vantage FX broker is too dangerous. The project is run by a group of experienced scammers. If the client has already made a deposit and lost money due to the fault of the company, it is necessary make a chargeback. Our specialists are specifically engaged in collecting funds from SCAM projects. They will tell you in detail how to act in such situations.
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