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Vantage FX Broker Discussion

  • #61
  • Jun 4, 2013 3:21am Jun 4, 2013 3:21am
Quoting stjong
Hi All, I am a customer of Vantage FX and I don't trade anymore with them as I lost a lot of money with this Broker. last time they give me 10% bonus on my deposit and my last deposit was $2000 and got $200 Bonus. and then I lose my last money and the last trade I was make take around $50 from the $200 bonus that they give me so around $150 left on my account with Vantage FX. Every single month I still get the monthly report, because of I don't trade anymore, I ask them to please not send me anymore report as I don't need that report, And they said...
I wouldn't trade with these jokers again. Don't give them more money if you can help it.
  • #62
  • Jun 4, 2013 5:59am Jun 4, 2013 5:59am
Vantage FX is just like pretty much any other FX broker. If they can screw you.... they will.

That 10% and all these other "bonuses" that are handed out by the brokers are just to leverage you up so that you can can trade and lose more or in Vantage FX's case they can commission you to death. Don't buy into the game. Especailly Vantage's commission BS.

I have not been with Vantage for a while now ( and I sure as hell don't miss them ). They used to claim that the commission was a savings on really low spreads but that became a joke over time. Their spreads eventually became pretty much the same as the other non-commission brokers so every dollar you handed them in commission was a dollar wasted.

There are A LOT dealers out there than Vantage FX. Trust me...... I know and you will to if you shop around and compare. I'm with FXCM now and pretty happy. Commission free and at least you know FXCM's financial position and that says a lot.

Good luck trading and just keep deleting the statements that they send you. Getting these statements is a bonus actually. It is a nice free monthly reminder of what a bunch of prickz Vantage FX is. LMAO
  • #63
  • Jun 4, 2013 4:58pm Jun 4, 2013 4:58pm
Quoting stjong
Hi All, I am a customer of Vantage FX and I don't trade anymore with them as I lost a lot of money with this Broker. last time they give me 10% bonus on my deposit and my last deposit was $2000 and got $200 Bonus. and then I lose my last money and the last trade I was make take around $50 from the $200 bonus that they give me so around $150 left on my account with Vantage FX. Every single month I still get the monthly report, because of I don't trade anymore, I ask them to please not send me anymore report as I don't need that report, And they said...

Quoting Jonster51
Vantage FX is just like pretty much any other FX broker. If they can screw you.... they will. That 10% and all these other "bonuses" that are handed out by the brokers are just to leverage you up so that you can can trade and lose more or in Vantage FX's case they can commission you to death. Don't buy into the game. Especailly Vantage's commission BS. I have not been with Vantage for a while now ( and I sure as hell don't miss them ). They used to claim that the commission was a savings on really low spreads but that became a joke over time....
Thanks for your reply Jonster, so the 10% Bonus is not a Real Bonus is that what you mean? so it will become very dangerous, it is the Trick to KILL the traders.
  • #64
  • Jun 5, 2013 7:48am Jun 5, 2013 7:48am
Quoting stjong
{quote} {quote} Thanks for your reply Jonster, so the 10% Bonus is not a Real Bonus is that what you mean? so it will become very dangerous, it is the Trick to KILL the traders.
To get vantagefx bonus, you must trade like 100 lots or something like that. And then submit a request to your account manger.

I still have an associate with a superannuation account with Vantage. No problems. I think about 40 lots + per month, maybe more now.
Measure trends automatically with zero lag
  • #65
  • Sep 5, 2013 9:00am Sep 5, 2013 9:00am
Can you guys take a look at this story? Is this a cause for concern?
Quoting cloudstr1f3r
Hi everyone, 3 weeks ago I opened an account with Vantage FX but once it was opened with my deposit deposited, there was an alleged EA request of 11,000 trades in 4 hours by my account and I was sustaining heavy losses, I was also sure that I had no EAs running. After communicating with certain people on Vantage FX that I am not too pleased that no one had informed me that I was sending weird signals to them (Which eventually created a bust on my account), they have offered to close my position with a spread loss, and the other 15 pips outstanding...
Commending Vantage FX for their actions
No longer trading forex. Looking for full time job.
  • #66
  • Sep 6, 2013 2:57am Sep 6, 2013 2:57am
^^we need more information before we can draw a conclusion. How did the trades just appear without master password access to the account?

but I did make a security-related response here: http://www.forexfactory.com/showthre...03#post6945503
Measure trends automatically with zero lag
  • #67
  • Sep 6, 2013 5:58am Sep 6, 2013 5:58am
Quoting sebastiaan76
anyone having issues with vantage fx mt4? My feed has died although it is still connected. The market is moving on other brokers platforms, but stuck on vfx
run run run run my freind this bastard cheating both forex AND binary. i had an account with them 4 months a go. the worst broker on the planet. When you are in profit they freeze their platform. That's what they do on purpose, many times. if they were the only one broker in the whole industry I would quit forex
  • #68
  • Nov 13, 2013 2:38pm Nov 13, 2013 2:38pm
Make no mistake about it, Vantage ended up screwing me into the ground in February of 2013.

Stay away from this broker. Their systems suck as good as their excuses. I was a great client gone bad. Do not trust these thieves.
  • #69
  • Feb 2, 2014 12:58am Feb 2, 2014 12:58am
Well, I downloaded the demo from Vantage yesterday. I started with MT5, though I'm considering using MT4 (which they still offer) for compatibility with current ea's and so on. Can anyone give me advice about this, please?

I see Jonster above is very distressed at his treatment from Vantage, but he seems to be the only one complaining here out of lots of traders. Still, I appreciate his warning and how much money was involved so I'll keep my eyes open.

I plan to post updates as open feedback is probably the best way for us to keep our brokers honest.

I've traded a little in stocks and cfds and I'm looking forward to fx. Hopefully I'll go live in a week or two.

If anyone else can give ff some recent feedback about Vantage I'd appreciate it, especially since I plan to send them money soon.
  • #70
  • Jun 9, 2014 5:18pm Jun 9, 2014 5:18pm
Hi there,

may be a silly question but when do the 4hr bars close?

thanks
  • #71
  • Jan 26, 2015 5:55pm Jan 26, 2015 5:55pm
Please update on how are they?
Is Vantage any good? Or as soon you hit profit they lock your account?
  • #72
  • Mar 4, 2015 4:30pm Mar 4, 2015 4:30pm
Vantage FX are useless and incompetent. They know this and have clauses in their TOS which covers them for being incompetent. They will freeze your account while you're in a position you're trying to close. After many phone calls and emails they may close the position at any price suites them.
After this you may want to withdraw your funds as you no longer feel you can trade confidently with them. But they wont let you. They claim you made profitable trades while there was a software pricing aggregator glitch, and all the profitable trades have been cancelled.

They even canceled a trade to open a position - but didn't cancel the trade to close the canceled open position. If the "to open" trade was cancelled wouldn't the "to close" side become void? Of course not because that was a loss right?

Like I said, useless and incompetent.
  • #73
  • Mar 12, 2015 11:23pm Mar 12, 2015 11:23pm
This is probably my broker number 7 or 9 in all my Forex years and I think they are good.

I've been trading with them for 2-3 years now. I trade decent size account and feel comfortable. Although, my trading is a daily trading so I don't really care about the spread every second as my trades open for days or weeks some time. I am never present as they close. I used to watch spreads with other brokers and it was never what they claimed so I am relaxed about it now, it does not damage my trading. Per my understanding the spread always changes, that's the nature of all brokers' feeds and supply demand moves of the market, so it is normal.

Do yourself a favor - talk to someone in their client care, build relationship before problems arise and they will take good care of you. Same as everywhere else though, nothing different... same as you do with your banker or doctor.
  • #74
  • Jun 18, 2015 9:06pm Jun 18, 2015 9:06pm
Good Morning Forex Factory,

We'd like to re-open our Commercial thread to answer any generic questions you may have about trading with Vantage FX.

As with all broker discussion online, there are a lot of misconceptions about how a true STP/ECN broker such as Vantage handles client's trades which we are happy to go over here.

So introduce yourself, share your trading experiences and we'll see what we can do for your trading.

Cheers,

Vantage FX

Of course for any urgent trading related matter, please remember that we have 24 hour client support available at the following numbers:

Australia: 1300 945 517
International: +61 2 8999 2044
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #75
  • Jun 20, 2015 6:14am Jun 20, 2015 6:14am
Are you now owned by GoMarketsAus ? If so which entities?
What is your relationship with Enfinium?
Can you explain how VantageFx's STP/ECN account(s) work? How do they think this is different than their competitors? Like Global Prime Au for example?
Measure trends automatically with zero lag
  • #76
  • Jun 21, 2015 8:48pm Jun 21, 2015 8:48pm
Quoting ybfjax
Are you now owned by GoMarketsAus ? If so which entities? What is your relationship with Enfinium? Can you explain how VantageFx's STP/ECN account(s) work? How do they think this is different than their competitors? Like Global Prime Au for example?
Hey ybfjax,

Vantage FX are licensed by MXT Global. VantageFX Australia used to own GoMarkets but they have since been sold and now run as their own entity.

The relationship with Enfinium ended some time ago and VantageFX now has a strategic relationship with MXT Global.

Why choose a Vantage FX raw STP/ECN account? Simple. No dealing desk, no price manipulation, no re-quotes and award winning execution speed. We see a competitive advantage in execution speed for all our clients as we have server infrastructure globally.

But you know talk is talk, and really all that matters is you trying us out and trading with us for yourself. Get in touch and we'll see what we can do for you?
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #77
  • Jun 22, 2015 1:40am Jun 22, 2015 1:40am
Quoting Vantage FX
{quote} Hey ybfjax, Vantage FX are licensed by MXT Global. VantageFX Australia used to own GoMarkets but they have since been sold and now run as their own entity. The relationship with Enfinium ended some time ago and VantageFX now has a strategic relationship with MXT Global. Why choose a Vantage FX raw STP/ECN account? Simple. No dealing desk, no price manipulation, no re-quotes and award winning execution speed. We see a competitive advantage in execution speed for all our clients as we have server infrastructure globally. But you know talk...
So I want to confirm that "VantageFx" is only referring to the Au entity....there is no longer a UK entity?
http://www.financemagnates.com/forex...vantage-fx-uk/
http://leaprate.com/2015/04/go-marke...ith-vantagefx/

VantageFx is now [part-]owned by MXT Global, is this correct? Or is it more of a White Label relationship? I was trying to decipher the answers on this page: https://www.vantagefx.com/mxt-global...rtnership-faq/ .

Can you provide trade receipts that can track where the order went after it was submitted by vantageFx (or MXT)?
Measure trends automatically with zero lag
  • #78
  • Jun 22, 2015 8:39pm Jun 22, 2015 8:39pm
Quoting ybfjax
{quote} So I want to confirm that "VantageFx" is only referring to the Au entity....there is no longer a UK entity? http://www.financemagnates.com/forex...vantage-fx-uk/ http://leaprate.com/2015/04/go-marke...ith-vantagefx/ VantageFx is now [part-]owned by MXT Global, is this correct? Or is it more of a White Label relationship? I was trying to decipher the answers on this page: https://www.vantagefx.com/mxt-global...rtnership-faq/...
Hey ybfjax,

You are correct, Vantage FX refers to only the Australian entity. Vantage FX UK was simply a white label to Vantage FX Australia. Vantage FX UK was sold to GoMarkets and the vantagefx.co.uk domain name now simply links back to the Australian site.

Vantage FX are not a white label of MXT. We are a stand alone broker. Our relationship is purely a strategic partnership.

Non institutional Raw STP/ECN accounts run trades through a liquidity aggregator to gain the best available price from multiple sources, meaning we are unable to provide trade receipts via this medium. An institutional account linked directly to for example Citibank will be able to offer this.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #79
  • Edited 2:39am Jun 23, 2015 1:58am | Edited 2:39am
Quoting Vantage FX
{quote} Hey ybfjax, You are correct, Vantage FX refers to only the Australian entity. Vantage FX UK was simply a white label to Vantage FX Australia. Vantage FX UK was sold to GoMarkets and the vantagefx.co.uk domain name now simply links back to the Australian site. Vantage FX are not a white label of MXT. We are a stand alone broker. Our relationship is purely a strategic partnership. Non institutional Raw STP/ECN accounts run trades through a liquidity aggregator to gain the best available price from multiple sources, meaning we are unable to...
IMO, if you want to stand out from being another broker who 'claims' to be offering ECN (which is as simple as posting the words on their website), offer some ability to record the trade path from client > Broker > ECN > Broker > client. The aggregation does this anyway (right?)...you just have to store the history somewhere. Maybe only the last week or so. You have to keep in mind that 99% of the time no one will probably request a receipt. But it's for the 1% of the time when something goes wrong.

White label is not necessarily a bad thing. (There are only so many Prime Broker offerings anyway) But if you are introducing yourself back to the public with a newer or revamped offering, you should be able to clarify your 'strategic partnership' conditions.

I'm in the cynical mode right now so I apologize if I was coming across as being confrontational. We are in the process of uploading a video that showed a broker intentionally delaying orders up to 5 min, even though they advertised 99.9% of order executed in under 1 second.

BTW, What is the typical last look policy and/or max time you give each LP to fill or kill an order?
Measure trends automatically with zero lag
  • #80
  • Jun 23, 2015 10:56pm Jun 23, 2015 10:56pm
Quoting ybfjax
{quote} IMO, if you want to stand out from being another broker who 'claims' to be offering ECN (which is as simple as posting the words on their website), offer some ability to record the trade path from client > Broker > ECN > Broker > client. The aggregation does this anyway (right?)...you just have to store the history somewhere. Maybe only the last week or so. You have to keep in mind that 99% of the time no one will probably request a receipt. But it's for the 1% of the time when something goes wrong. White label is not necessarily a bad thing....
Hey ybfjax,

We've outlined the partnership is a combination of resources on the page you shared here. It was all about improving the back end operations and support that we could offer clients and we have gone a long way in achieving this.

Don't apologise for asking these questions. All we can say is give our platform a go. If there's something you don't like then let us know and we'll do our best to openly address the issue. That's why we're here!
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
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