VantageFX forex broker review

NOTE: As of June 2015, this broker is no longer recommended!

VantageFX is an innovative Australian financial services company that aims to provide traders all over the world with the best in online currency trading solutions. They provide traders with access to a variety of platforms (including the popular MT4 platform) and feature some of the lowest spreads in the market, sourced from a range of liquidity providers.

VantageFX is the retail online forex trading entity of Enfinium Pty Ltd, and is authorised and regulated by the Australian Securities and Investments Commission (ASIC). VantageFX is a Corporate Authorised Representative of Enfinium Pty Ltd (AFS Rep No:343547). Enfinium’s Australian Financial Services licence (AFSL) number is 322081. VantageFX’s UK division is fully regulated by the Financial Conduct Authority (FCA) in the United Kingdom, (Reg. no. 501057). Both ASIC and FCA regulators require licensed financial services providers to meet strict capital requirements, as well as comply with and employ internal procedures pertaining to risk management, regular staff training, and strict audit procedures.

The security of funds held at VantageFX: all client funds are held in segregated trust bank accounts that are kept apart from VantageFX and Enfinium company funds. Funds are established, maintained and operated in strict accordance with respective ASIC & FCA client money rules. Australian Office Client Funds: held with the National Australia Bank, an AA rated Bank in Australia; UK Office Client Funds: held with the Natwest, an AA rated Bank in United Kingdom. In addition, Enfinium holds professional indemnity insurance, covering all Enfinium and VantageFX clients: $10 million with SJ Catlin and Lloyds of London.