FXOpen vs VantageFX: Which one is better? | Forex Factory

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FXOpen vs VantageFX: Which one is better?

  • #1
  • First Post: Feb 19, 2013 7:56am Feb 19, 2013 7:56am
hello , anybody use fxopen and vantagefx broker? can you tell which one better?Tq Gbu
  • #2
  • Feb 20, 2013 3:53am Feb 20, 2013 3:53am
My vote goes to vantage. One is true blue aussie and the other is based in cypress. I have only demoed both of them and found vantage execution hard to beat. I have spent alot of time on the phone with their rep and would be happy to open an account with vantage
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  • #3
  • Feb 20, 2013 4:45am Feb 20, 2013 4:45am
Quoting M.A.C.Doug
My vote goes to vantage. One is true blue aussie and the other is based in cypress. I have only demoed both of them and found vantage execution hard to beat. I have spent alot of time on the phone with their rep and would be happy to open an account with vantage
I don't know where you got the idea that we came from Cyprus (FXOpen NZ has never been from Cyprus either). I'm as true blue as they come being from Perth, WA. FXOpen AU is and has always been based in Sydney.

I should also point out that our spread is better (NO spread markup and from ZERO pips), commission is lower (from 3.6 per 100k lot) and execution is only limited by your internet connection to our servers.

Feel free to leave a call back request with us https://www.fxopen.com.au/CallBackForm.aspx. I'd be happy to speak to you about how we can serve your trading needs.
  • #4
  • Feb 20, 2013 7:03am Feb 20, 2013 7:03am
Hi there, be careful with fxopen. They have been proven guilty in this case http://www.forexpeacearmy.com/forex-...xopen-com.html

Read the whole posts there. Be careful guys

Im not sure if fpa is legit but i just find it strange fxopen reps didnt continue to reply there after some pages. It looks fishy to me
  • #5
  • Feb 20, 2013 10:28am Feb 20, 2013 10:28am
Quoting M.A.C.Doug
My vote goes to vantage. One is true blue aussie and the other is based in cypress. I have only demoed both of them and found vantage execution hard to beat. I have spent alot of time on the phone with their rep and would be happy to open an account with vantage
Why would you say that? Your profile says preferred broker FXOpen.
  • #6
  • Feb 20, 2013 5:28pm Feb 20, 2013 5:28pm
@RSG thanks for sharing this info about fxopen. Hope this will serve as a warning
Quoting rsg10z
Hi there, be careful with fxopen. They have been proven guilty in this case http://www.forexpeacearmy.com/forex-...xopen-com.html

Read the whole posts there. Be careful guys

Im not sure if fpa is legit but i just find it strange fxopen reps didnt continue to reply there after some pages. It looks fishy to me
  • #7
  • Feb 20, 2013 8:03pm Feb 20, 2013 8:03pm
Quoting rsg10z
Hi there, be careful with fxopen. They have been proven guilty in this case http://www.forexpeacearmy.com/forex-...xopen-com.html

Read the whole posts there. Be careful guys

Im not sure if fpa is legit but i just find it strange fxopen reps didnt continue to reply there after some pages. It looks fishy to me
Quoting belchworkabl
@RSG thanks for sharing this info about fxopen. Hope this will serve as a warning
I think you will find that there is not a single negative comment on the internet about FXOpen AU. We are a well regulated and well respected company. We are also 100% run from Australia.
  • #8
  • Feb 20, 2013 10:32pm Feb 20, 2013 10:32pm
FXOjafar, it's different FXopen AU and FXopen NZ???
  • #9
  • Feb 20, 2013 10:52pm Feb 20, 2013 10:52pm
Quoting Mr.chia
FXOjafar, it's different FXopen AU and FXopen NZ???
Yes. Different management, different finances etc...
  • #10
  • Feb 21, 2013 6:36am Feb 21, 2013 6:36am
Quoting FXOjafar
I think you will find that there is not a single negative comment on the internet about FXOpen AU. We are a well regulated and well respected company. We are also 100% run from Australia.
i am interested to know the differences between FXOpenAU and the rest of FXOpens,r they not fr the same main company?
  • #11
  • Feb 21, 2013 12:02pm Feb 21, 2013 12:02pm
Quoting fxking
i am interested to know the differences between FXOpenAU and the rest of FXOpens,r they not fr the same main company?
Hi Fxking. Like I said before, we have different management, separate finances, different trading conditions and we are regulated by ASIC. We share just the technology in the fantastic proprietary ECN-MT4 bridge, and the brand name. You can check our website for details, or contact us and we will help you.
  • #12
  • Feb 21, 2013 5:37pm Feb 21, 2013 5:37pm
Quoting FXOjafar
Hi Fxking. Like I said before, we have different management, separate finances, different trading conditions and we are regulated by ASIC. We share just the technology in the fantastic proprietary ECN-MT4 bridge, and the brand name. You can check our website for details, or contact us and we will help you.
so,in that case,if FXOpenNZ goes belly-up,will it affect FXOpenAU or vice versa?
  • #13
  • Feb 21, 2013 11:42pm Feb 21, 2013 11:42pm
Quoting fxking
so,in that case,if FXOpenNZ goes belly-up,will it affect FXOpenAU or vice versa?
Hi FXKing. Apart from a reputational blow and some minor admin headaches, there would be no affect on us. Believe me though, both companies are far from going belly up!
  • #14
  • Feb 22, 2013 8:24am Feb 22, 2013 8:24am
well im not interested to open an account with FXOpen so forgive me to interrupt (i have an account with Vantage FX though. That's how I got into this thread in the first place)

but seriously, i still believe traders should be very careful with FXOpen. OK, FXOPen AU is regulated with ASIC. That's a good thing. But you didn't deny the story with that Kovacs Norbert which sounds fishy to me. Let's say the story is true, let's say FXOpen NZ really did that bad thing to him (wiped out his profits from his trading history). Even though FXOpen AU and NZ are different, that story with Kovacs Norbert is still damaging your reputation as a broker because you share the same name and the same brand. Again, im not here to judge, so feel free to make your decision
  • #15
  • Feb 22, 2013 9:10am Feb 22, 2013 9:10am
I am originally from NZ and I wouldn't open an account with FXOpen NZ or Australia or wherever else FXOpen are reglulated these days ( and it does seem to change). As fair as I am aware its not exactly hard to get regulation in NZ to open up an FX shop. I don't think it matters if they are a seperate entity same name so same company to me.

Best to choose a broker that has a more reputable name for themselves.
  • #16
  • Last Post: Edited 3:48pm Feb 23, 2013 1:01am | Edited 3:48pm
Quoting FXOjafar
I don't know where you got the idea that we came from Cyprus (FXOpen NZ has never been from Cyprus either). I'm as true blue as they come being from Perth, WA. FXOpen AU is and has always been based in Sydney.

I should also point out that our spread is better (NO spread markup and from ZERO pips), commission is lower (from 3.6 per 100k lot) and execution is only limited by your internet connection to our servers.

Feel free to leave a call back request with us https://www.fxopen.com.au/CallBackForm.aspx. I'd be happy to speak to...
Sorry mate, my mistake - I keep confusing you guys with FXpro. For what its worth I keep confusing Vantage with Axitrader so my whole post is full of shite. Ive reached broker research overload.

Quoting mitch77
Why would you say that? Your profile says preferred broker FXOpen.
Again, my apologies. I have been searching for a good ecn broker for a long time. Nothing has ticked all the boxes for me until very recently with FXopen. I would prefer a better dealing platform than MT4 but they are releasing a ordering widget to pre-set order size, tp and stop levels plus display level 2 market depth. I have opened up a live account with FXopen. They are my broker of choice
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