Vantage FX brokerage company writes on its website that it has been fruitfully cooperating with financial players all over the world for more than 10 years. The license is from the Vanuatu VFSC, the leverage is up to x1000, and the reputation… In general, read this review to the end and draw your own conclusions about whether you should trust the broker vantagemarkets.com 100%.
The real picture
Who created the company and when it happened – it is not specified anywhere. From what is clear for sure – the term of its work exceeds 10 years. This is directly stated on the official website of the broker. At the same time, WHO IS has slightly different information on this subject:
The maximum possible age of a broker is 5.5 years. Vantage FX also notes that it has more than a thousand employees and about three dozen offices around the world. The headquarters are supposedly located in Sydney, the capital of Australia. So, there must be a license from ASIC. And in fact there is such a license:
. But it was issued, as we can see, in 2012. The company we are reviewing could not have received this document, because it did not exist. Among other documents of the intermediary it is worth mentioning licenses from the VFSC of Vanuatu and CIMA of the Cayman Islands. Both states are shadow zones, havens for fraudsters who do not want to bear responsibility for the scam. We can already conclude that cooperation with Vantage FX broker can’t end well. Still, we will take a look at its offers for 100% conviction in this.
Main terms and conditions of the broker
There are 4 tariffs to choose from:
- PRO ECN – spreads from 0.0 pips, deposit from 10 thousand dollars, commissions from $1.50 per lot;
- RAW ECN – spreads from 0.0 pip, deposit from 50 dollars, commissions from 3 dollars per lot;
- STP – spreads from 1.0 pip, deposit from 50 dollars, zero commissions;
- CENT – spreads from 0.0 pip, deposit from 50 dollars, commissions from 0 to 3 dollars per lot.
If nothing confused you in the conditions described above, how about the leverage of 1000:1? So to speak, a control shot, so that you will surely discard the idea of earning anything but a nervous breakdown on vantagemarkets.com. The toolkit is extensive: Forex pairs, bonds, indices, ETFs, precious metals, CFDs on shares and energy resources. It is indicated that there are more than 400 positions, while in fact the official web resource lists no more than 30. No one knows where the rest of the products are.
Trading platform
Vantage FX review found 4 trading platforms: MetaTrader 4, MetaTrader 5, the author’s application and ProTrader. Judging by the reviews, slippages and delays are very common on these software.
In addition, you can find many other opinions about the intermediary on the Internet:
Yes, the company actually works with players from all over the world. Only, unfortunately, this does not mean that such interaction is successful at all. Judging by the numerous negative feedback, this is a regular SCAM, which is better not to waste time on.
Bottom line
Vantage FX looks attractive exactly until you start delving into the details of its terms and conditions. Lack of normal documentation, illegal leverage values and reviews that directly call the broker a fraudster are the surest signs that it is not worth considering as a partner. But, of course, it is up to you to decide.
0 Comments