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VFX Vantage Discussion

  • #1
  • First Post: Edited Nov 6, 2010 12:30am Nov 5, 2010 11:11pm | Edited Nov 6, 2010 12:30am
I see we have some new kids on the block and they've been blanketing all of the forum websites with ads. They look nice and they're in Australia which has pretty good regulation. If they're GoMarkets without the delays this might be a winner. Can anyone comment on their experience with them? (Account opening, Price Feed, Spreads, Etc.) - http://www.forexfactory.com/brokers.php?broker=1287
  • #2
  • Nov 5, 2010 11:15pm Nov 5, 2010 11:15pm
So far I haven't seen an ad. Are you promoting them or inquiring about them? FWIW ... others please do your own research before depositing money with any b0rker.
  • #3
  • Nov 6, 2010 12:28am Nov 6, 2010 12:28am
They're a new FF Preferred Broker and I've seen their ads on FF and Myfxbook. I'm asking does ANYONE have any experience with them? http://www.forexfactory.com/brokers.php?broker=1287
  • #4
  • Dec 22, 2010 2:57am Dec 22, 2010 2:57am
Forgot to add in my previous reply that the service has been helpful as well.
  • #5
  • Dec 22, 2010 9:55pm Dec 22, 2010 9:55pm
Vantage are a spinoff of Gomarkets and were even using the same sserver ad data until recently, I think they still use the same data. You will find nearly everything the same with tight spreads (when they want it that way).

Good service and features but like any market maker, read the PDS! You will find some very a$$ covering detail in there. Product Disclosure Statements here is Australia now allow these market makers to rip you off blind with no recall. I have a case with The Financial Ombudsman and ASIC for a market maker using MT4 who switched off the trading feature to cancell all my orders including the hedge positions set up days earlier.

Drill them with questions before opening an account and get it in writing and you will be ok.
My comments are not to be taken as trading advice, not a financial advisor
  • #6
  • Dec 22, 2010 10:49pm Dec 22, 2010 10:49pm
Quoting Aja
I see we have some new kids on the block and they've been blanketing all of the forum websites with ads. They look nice and they're in Australia which has pretty good regulation. If they're GoMarkets without the delays this might be a winner. Can anyone comment on their experience with them? (Account opening, Price Feed, Spreads, Etc.) - http://www.forexfactory.com/brokers.php?broker=1287
LOL AFSL Pretty good regulation! you reckon!

Read the PDS... if they go bankrupt ( for whatever reason) your money could be toast

All the dam PDS does is warn you of risks ... ASIC is nothing but a toothless watchdog it is all about making it easy for industry participants NOT about customer safety.
  • #7
  • Jul 19, 2011 4:23am Jul 19, 2011 4:23am
hi anybody has experience trading with vantage fx?
  • #8
  • Jul 21, 2011 5:56am Jul 21, 2011 5:56am
I may suggest you find another one. I am using them as a backup
but I believe they have some algorithmic issue.
every time i take a position it goes against me and then it fill. does not matter if i close or open, for every side you will get about 1~ 1.5 pips difference.
  • #9
  • Aug 6, 2011 11:47am Aug 6, 2011 11:47am
Quoting hubby7
hi anybody has experience trading with vantage fx?
Not yet, but I download the MT5 demo just to try it out this is Vantage FX, Australia - hope to see more discussion here soon, thanks
OPPORTUNITY IS NOWHERE
  • #10
  • Sep 20, 2011 11:49pm Sep 20, 2011 11:49pm
Dear Vantage FX Followers

Vantage FX is pleased to pronounce that 2011 has been a very exciting year for us so far. We have recently experienced rapid growth and have relocated to larger a office in Sydney CBD.

We have further accommodated high frequency EA traders by lowering our spreads and installed more powerful servers for faster execution.

Furthermore Vantage FX would like to offer a $100 trading credit to the first 10 followers of this thread. (Please reply with your name below so that you can qualify for this promotion).
The $100 trading credit is conditional to our account opening guidelines such as AML and valid country check.

Please follow this link below to open your account:
http://www.vantagefx.com/get-trading...rading-account


Kind Regards

Vantage FX
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #11
  • Sep 21, 2011 6:51pm Sep 21, 2011 6:51pm
Quoting Vantage FX
Dear Vantage FX Followers

Vantage FX is pleased to pronounce that 2011 has been a very exciting year for us so far. We have recently experienced rapid growth and have relocated to larger a office in Sydney CBD.

We have further accommodated high frequency EA traders by lowering our spreads and installed more powerful servers for faster execution.

[color=black][size=3][font=Calibri]Furthermore...
Hello VFX,

I had 2 trades stopped out by a bad data spike yesterday that cost me over $400 , I have sent emails to my rep and your trades manager as yet I have had no reply.

Please see attached thread
http://www.forexfactory.com/showthread.php?t=316089

As you can see Oanda admitted the spike was caused by bad data reinstated or busted the trades affected , as yet VFX have not replied to me .... Is this the level of service you offer ?
  • #12
  • Sep 21, 2011 7:38pm Sep 21, 2011 7:38pm
Hi Ianp

Yesterday we requested the correct tick data from our liquidity providers and we can confirm that the spike on the USD CHF was cause by bad tick data. We are currently in the process of reinstating those trades that were affected by the bad price spike on the USD CHF.

Many thanks for your prompt updates.

If there any further questions please email me at [email protected]

Kind regards

Vantage FX
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #13
  • Sep 22, 2011 12:14am Sep 22, 2011 12:14am
Good news , VantageFX has done the right thing and put my account back to where it would have been ..

So Thankyou VFX...
  • #14
  • Sep 23, 2011 2:21am Sep 23, 2011 2:21am
Quoting Vantage FX
Dear Vantage FX Followers

Vantage FX is pleased to pronounce that 2011 has been a very exciting year for us so far. We have recently experienced rapid growth and have relocated to larger a office in Sydney CBD.

We have further accommodated high frequency EA traders by lowering our spreads and installed more powerful servers for faster execution.

[color=black][size=3][font=Calibri]Furthermore...
hello there ...

im interested in opening an account..i have been demo trading for a while..i like...i have another friend who wants to open an account too.can u please tell us the guidelines about the $100 rebates..please
  • #15
  • Sep 23, 2011 2:25am Sep 23, 2011 2:25am
HI Gerogecv87

Please follow the link below to open the account:

https://www.vantagefx.com/get-trading/demo-account

Also could you please list your name and your friends name on this thread so that once we can qualify you as our first two clients on this promotion.

This way others can also see if they are in the group of 10 or not.

Kind Regards

Vantage FX
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #16
  • Sep 23, 2011 2:44am Sep 23, 2011 2:44am
Georgecv87 and sprabhu...and we both are from india...
  • #17
  • Sep 23, 2011 8:28am Sep 23, 2011 8:28am
Hi everybody,
I have had an account at Vantage FX for three months.


Opening an account - very easy quick standard procedure, could not be better,

Depositing money on the fourth day from Poland (EU) - segregated acc. at Au National Bank

Trading - very low spreads, good choice of pairs, but here occured some problems with liquidity at night hrs on gold, had one issue with an abnormal pick, solved quickly satisfying manner by the staff

Withdrawing - quick and quite simple - on the fourth day money was back

Why I have changed: - communication problems - when I trade the there is no support there - only UK office ( the solution open an account at UK branch)
- mentioned above lack of liquidity

In all I am quite satissfied and when they solve the liq problems I might be back.


Peter
Jesus Christ is my only Lord !
  • #18
  • Sep 23, 2011 6:28pm Sep 23, 2011 6:28pm
hello there mate...my lot size is only 1 standard lot...i dont take more than that...do u still suggest me to open an account with the uk branch...or if u have some other brokers in mind...you may post it here ,,,thanks in advance
  • #19
  • Sep 24, 2011 1:51am Sep 24, 2011 1:51am
Quoting georgecv87
hello there mate...my lot size is only 1 standard lot...i dont take more than that...do u still suggest me to open an account with the uk branch...or if u have some other brokers in mind...you may post it here ,,,thanks in advance
HI george,
I did not advice to You to open in UK branch - I wanted to say that it could be a solution for me in case I wanted to stay with the company.
As You want to trade standard lots (100.000 units of currency) You have a rather wider choice I think.
How long have You been trading, mate?

Peter
Jesus Christ is my only Lord !
  • #20
  • Sep 25, 2011 7:50pm Sep 25, 2011 7:50pm
Hi Peter

Thank you for your feedback, I would like to add that we have increased our liquidity providers and therefore we have tighten our spreads even further.

We have also settled into larger offices here in Sydney CBD, so the support desk here in Australia is back in full swing.

Many Thanks,

Vantage FX
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
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