Vantage FX Broker Discussion

Got an email from Vantage,
In continuation of our recent decision to stop onboarding new applicants residing in Canada, unfortunately Vantage FX has extended the decision to cease providing services to its existing clients residing in Canada.

So vantage is no go then...
what do you think about axi, are they still safe and trustworthy?
As I know, they have created several brand and just rebranded from axitrader to axi..and it seems part of the shares already sold to private equity and being control by them. I tried to find they financial report in asic website but could not find it.

I am with VantageFX for several years, and so far no problem, I also aware of the ASIC incident which causes VantageFX to move its non-AU clients to VantageFX International under Panama regulation.

However the way I practice in FX trading is, never fully trust your broker no matter how strong their regulation is, never ever park all your fund into your trading account, only deposit the amount which is just slightly more than enough for you to trade, the rest of unused fund should be put in your bank account, only transfer into your trading account if you need it.

Dear Bicarus,

I deliberately rarely reply to on-line forum messages. I in fact have only been directed to your post yesterday and have become a member just in order to respond. My name is Christian Dove - and I am the person you have made comments about. Of course people are free to have opinions and to air those opinions after research. However - when quotes are made which are inaccurate and bring my integrity in to question then I feel it my right to rebut.

I notice you work for Nomura Singapore. I also used to work for Nomura in London, and am very proud of my time there. In my time with Nomura Treasury I worked everyday with the original founder of Nomura Singapore and original head of the FX desk in Nomura Singapore - a very close friend and colleague of mine. I designed and implemented the tri-party repo product for Nomura. If you want to challenge my reputation - you may chose to ask members of your board in Japan.

It is true that I founded Vantage FX - the actual chronology is that I started my own funds management business Enfinium Pty Ltd. I purchased the company Vantage FX (at the time a very small whitelabel of Go Markets) in to the company Enfinium - and subsequently built the business. As part of the overall deal I had agreed on a sale of the business back to the owners of Go Markets (who used a vehicle in Hong Kong they had set up also named Enfinium).

During my time owning and working for Enfinium (owner of Vantage at that time) there was no issues with ASIC. What you refer to happened sometime after my involvement with the company - and it is inaccurate to associate such comments to my name and reputation.
Also the sale of Vantage to MXT Global was some years after my involvement - I don't even know who they are.

You are then correct that I founded Synergy FX. A business that I am very proud of. I owned and operated that business for over ten years before selling it to ACY Securities as you noted. I personally feel that growing a company from scratch to a multi million dollar business over the course of over ten years and then selling at a time that made the best sense for the shareholders, does not come under the definition of "flipping". I'm keen to know what your definition of flipping a company is? Have you owned and operated businesses?

I'm excited to have been asked back by ACY to run the brand Synergy Markets.

This is a Vantage FX discussion forum. In my opinion all of the licenced providers in Australia are great businesses - and clients should have confidence to open accounts and trade via them.

Christian Dove

@Christian Dove,
First off, let me clarify that in no way was it meant to be a smear campaign of your name nor the legitimacy of your business model

1) there is no qualm in flipping businesses
- The only reason for me stating the sequence of events is simply because during that time, ASIC reported many chinese conglomerates simply buying out companies for their AFSL licences.

2) As you stated, this thread is on VantageFX.
- I believe i have kept on point. Sharing insignts on it's history, M&As and divestment strategies going forward.

3) This thread is run by Vantagefx, since my previous post, they have yet to restrict/delete/address and rebutt the claims in my posting like you have
- For your benefit, and coming forward, I have self reported a post clean up to FF admin.

so Vantage FX still counted as legit top tier broker in Australia, regulated by ASIC, is it right?

the political correct answer: do your own due dilligence.
the IMO answer: No, there are many other AU brokers that do not hide behind shell companies.

anybody else feel that fvantage mt4 is sluggish. I mean that the time on the market watch doesnt update quickly it upodates only after 3 or 4 seconds.

their raw ecn demo account is very profitable with scalping robot but their real account is garbage with scalping eas.
so don't trust demo account results to open real account.

I've used Vantage before. Deposits and withdrawals were smooth and quick for me. No hidden fees. A solid broker overall.

Hi All

I have created an ea that works on a demo account - which I trade from my desktop, today after a few months of testing I felt confident to go live and opened a live account and demo account with the same £500 balance and the same settings on both accounts.

I was expecting to see similar results to what I have been getting for the past few months of testing, to my horror I found the demo account won as I was expecting it to but the live account lost me money.

I have been reading up on this and it looks like its most likely slippage and Execution speed, can anyone guide me on this issue and point me in the right direction to which VPS will can help resolve this issue?

Thanks in advance.