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Our top alternative brokers to Vantage FX
Pepperstone
4.5
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79.3% of retail CFD accounts lose money
IC Markets
4.4
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74.25% of retail CFD accounts lose money
Our top alternative brokers to Vantage FX
Pepperstone
4.5
Visit broker
79.3% of retail CFD accounts lose money
IC Markets
4.4
Visit broker
74.25% of retail CFD accounts lose money
Vantage FX Alternatives

The best alternatives to Vantage FX are

  1. Pepperstone - Australian forex broker
  2. IC Markets - Global forex broker
  3. Fusion Markets - Australian forex broker
  4. Axi - Australian forex broker

Let's see in a bit more detail how the Vantage FX alternatives compare to Vantage FX and each other:

Vantage FX alternatives comparison
Vantage FX Pepperstone IC Markets Fusion Markets Axi
Overall score 4.2 4.5 4.4 4.4 4.4
Fees score 4.2 stars 4.4 stars 4.3 stars 4.8 stars 4.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 4.4 stars
Deposit and withdrawal score 4.5 stars 4.3 stars 4.9 stars 4.4 stars 4.8 stars
Web platform score 2.8 stars 2.8 stars 2.8 stars 2.8 stars 2.6 stars
Markets and products score 1.6 stars 1.7 stars 1.8 stars 1.8 stars 1.8 stars
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74-89% of retail CFD accounts lose money
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79.3% of retail CFD accounts lose money
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74.25% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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75.6% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Vantage FX? There are many areas based on which Vantage FX can be compared with others. When we say a given online broker is a good alternative to Vantage FX we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Vantage FX alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Vantage FX is recommended for forex and cfd traders familiar with the metatrader trading platforms
  • Pepperstone is recommended for forex traders looking for low fees and good customer service
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • Axi is recommended for forex traders familiar with the metatrader 4 platform

Important factors of finding Vantage FX alternatives

So far BrokerChooser has reviewed 71 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Vantage FX or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Vantage FX is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Vantage FX alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Vantage FX this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Vantage FX, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Vantage FX alternative is a must.


Now let's dive into the details of how Vantage FX and its alternatives perform in the most important areas!

Vantage FX alternatives
Vantage FX

Australia-based Vantage FX is a global forex and CFD broker. It was founded in 2009 and it is regulated by the Cayman Islands Monetary Authority (CIMA) and the Australian Securities and Investments Commission (ASIC). 

Vantage FX is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Recommended for forex and cfd traders familiar with the metatrader trading platforms

Pros Cons
Low fees Limited product selection
Super fast account opening Customer service could be improved
Seamless deposit and withdrawal No investor protection

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.2

Vantage FX has low forex trading fees and non-trading fees. The broker charges no inactivity fee. On the negative side, the financing rates/overnight fees and share CFD fees are relatively high.
Pros Cons
Low forex fees High financing rate
Low stock index CFD fees High stock CFD fees
No withdrawal fee
No inactivity fee
Vantage FX alternatives trading fees
Vantage FX Pepperstone IC Markets Fusion Markets Axi
EURUSD benchmark fee $14.4 $14.8 $15.8 $12.8 $14.3
EURGBP benchmark fee $8.0 $10.7 $9.9 $8.7 $11.5

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening at Vantage FX is super fast and fully digital. The brokerage delivers on its promise, you can open an account in less than 5 minutes.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Vantage FX alternatives minimum deposit and account open times
Vantage FX Pepperstone IC Markets Fusion Markets Axi
Minimum deposit $200 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1-3 days

Learn more about Vantage FX minimum deposit here.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Vantage FX offers a great variety of deposit and withdrawal options, moving funds in and out is fast and easy. In most cases, there is no fee charged for money transfer. Nevertheless, if you use international bank withdrawal more than once in a month, a high withdrawal fee ($20, €20, etc.) is charged.
Pros Cons
Credit/Debit card available International bank withdrawals (after the first one in each month) have a high fee
No deposit fee
Quick deposit and withdrawal
Vantage FX and alternatives withdrawal options and fees
Vantage FX Pepperstone IC Markets Fusion Markets Axi
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes Yes Yes No
Electronic wallets Yes Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

Vantage FX's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, the platform lacks two-step login or price alerts and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Vantage FX - Web trading platform
Vantage FX and alternatives trading platform scores
Vantage FX Pepperstone IC Markets Fusion Markets Axi
Web platform score 2.8 stars 2.8 stars 2.8 stars 2.8 stars 2.6 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.3 stars 3.3 stars 3.3 stars 3.3 stars

Learn more about Vantage FX's web trading platform in the detailed Vantage FX review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
1.6

At Vantage FX you can only trade with forex and CFDs (commodities, stock indices, share CFDs, cryptos). However, many popular asset classes, like real stocks or ETFs, are missing.
Vantage FX and alternatives markets and products
Vantage FX Pepperstone IC Markets Fusion Markets Axi
Stock No No No No No
ETF No No No No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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74-89% of retail CFD accounts lose money

Verdict

Vantage FX is a forex and CFD broker, regulated by the top-tier ASIC.

It offers low forex and non-trading fees. The account opening and the deposit/withdrawal processes are seamless and most of them are free of charge.

On the other hand, the product offering at Vantage FX is limited to forex, CFDs, and cryptos. Their customer service could use some improvement. Lastly, there is no investor protection for Vantage FX clients.

Feel free to give Vantage FX a try, as you will have an account within a day and there is no inactivity fee.

Vantage FX
Summary Vantage FX is a forex and CFD broker regulated bythe Cayman Islands and Australian financial authorities.
Fees score 4.2 stars
Recommended for Forex and CFD traders familiar with the MetaTrader trading platforms

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74-89% of retail CFD accounts lose money

Vantage FX alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.

Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and good customer service

Pros Cons
Low forex and equity index CFD fees Only forex and CFDs
Great customer service Basic news flow
Seamless and free deposit and withdrawal No investor protection for non-EU clients

Visit broker
79.3% of retail CFD accounts lose money

Fees
4.4

Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Vantage FX vs. Pepperstone: Trading fees
Pepperstone Vantage FX
EURUSD benchmark fee $14.8 $14.4
EURGBP benchmark fee $10.7 $8.0

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
79.3% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening process is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
Vantage FX vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone Vantage FX
Minimum deposit $0 $200
Time to open account 1 day 1 day

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Visit broker More
79.3% of retail CFD accounts lose money

Deposit and withdrawal
4.3

Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
Vantage FX vs. Pepperstone: Withdrawal options
Pepperstone Vantage FX
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
79.3% of retail CFD accounts lose money

Web trading platform
2.8

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a Vantage FX alternative
Vantage FX vs. Pepperstone: Trading platform scores
Pepperstone Vantage FX
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.3 stars

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Visit broker
79.3% of retail CFD accounts lose money

Markets and products
1.7

At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes, like real stocks and ETFs, are missing.
Vantage FX vs. Pepperstone: Markets and products
Pepperstone Vantage FX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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79.3% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA and ASIC.

Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. Their news flow is rather basic. Lastly, there is no investor protection for non-EU clients.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 4.4 stars
Recommended for Forex traders looking for low fees and good customer service

Visit broker More
79.3% of retail CFD accounts lose money

Vantage FX alternatives
IC Markets

IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).

IC Markets is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees Limited product selection
Easy and fast account opening Slow live chat support
Free deposit and withdrawal No investor protection for non-EU clients

Visit broker
74.25% of retail CFD accounts lose money

Fees
4.3

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Vantage FX vs. IC Markets: Trading fees
IC Markets Vantage FX
EURUSD benchmark fee $15.8 $14.4
EURGBP benchmark fee $9.9 $8.0

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74.25% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Vantage FX vs. IC Markets: Minimum deposit, time to open an account
IC Markets Vantage FX
Minimum deposit $200 $200
Time to open account 1 day 1 day

If you are interested more in IC Markets minimum deposit, this overview will help you.

Visit broker More
74.25% of retail CFD accounts lose money

Deposit and withdrawal
4.9

IC Markets's depositing and withdrawal services are great. Many options are available for moving your money in and out, and most of them are free of charge. On the negative side, international bank withdrawals have a high fee.
Pros Cons
Credit/Debit card available AUD 20 fee for international bank withdrawal
No deposit fee
Several account base currencies
Vantage FX vs. IC Markets: Withdrawal options
IC Markets Vantage FX
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74.25% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of IC Markets, a Vantage FX alternative
Vantage FX vs. IC Markets: Trading platform scores
IC Markets Vantage FX
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.3 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74.25% of retail CFD accounts lose money

Markets and products
1.8

At IC Markets, you can trade only with forex and CFDs. This means that many popular asset classes, like real stocks or ETFs, are not available.
Vantage FX vs. IC Markets: Markets and products
IC Markets Vantage FX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74.25% of retail CFD accounts lose money

Verdict

IC Markets is a great forex broker. 

Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and  the process is user-friendly. The education section of the website is also a plus.

On the other hand, IC Markets provides only forex and CFDs products for trading. In addition, live chat support could be better and non-EU clients are not covered by any investor protection scheme.

Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Fees score 4.3 stars
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker More
74.25% of retail CFD accounts lose money

Vantage FX alternatives
Fusion Markets

Fusion Markets is an Australian forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Pros Cons
Low trading and non-trading fees Basic research tools
Fast and easy account opening Limited educational tools
Great customer service Limited product portfolio

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.8

Fusion Markets has low forex fees and charges no inactivity or withdrawal fees.
Pros Cons
Low non-trading fees None
Low forex fees
No withdrawal or inactivity fees
Vantage FX vs. Fusion Markets: Trading fees
Fusion Markets Vantage FX
EURUSD benchmark fee $12.8 $14.4
EURGBP benchmark fee $8.7 $8.0

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
Vantage FX vs. Fusion Markets: Minimum deposit, time to open an account
Fusion Markets Vantage FX
Minimum deposit $0 $200
Time to open account 1 day 1 day

If you are interested more in Fusion Markets minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.4

Fusion Markets does not charge any fees for deposits and most withdrawal options. You can use bank transfer, credit/debit cards and electronic wallets for adding money; however, the withdrawal process is slow.
Pros Cons
Credit/Debit card available Slow withdrawal - over 3 days
Free withdrawal
No deposit fee
Vantage FX vs. Fusion Markets: Withdrawal options
Fusion Markets Vantage FX
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

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74-89% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Fusion Markets, a Vantage FX alternative
Vantage FX vs. Fusion Markets: Trading platform scores
Fusion Markets Vantage FX
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.3 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
1.8

Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
Vantage FX vs. Fusion Markets: Markets and products
Fusion Markets Vantage FX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74-89% of retail CFD accounts lose money

Verdict

Fusion Markets is a great forex broker. 

It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited research and educational tools. The product offering covers only forex and some CFDs.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Fusion Markets
Summary Fusion Markets is an Australia-based forex broker, regulated by the ASIC.
Fees score 4.8 stars
Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker More
74-89% of retail CFD accounts lose money

Vantage FX alternatives
Axi

AxiTrader was founded in 2007 and is an Australian forex broker. It is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA).

As such, AxiTrader is considered safe because it is regulated by several top-tier authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders familiar with the metatrader 4 platform

Pros Cons
Low trading fees and no inactivity fee Offers only forex and CFD trading
No withdrawal and deposit fees Limited research tools
Fully digital account opening Slow email support

Visit broker
75.6% of retail CFD accounts lose money

Fees
4.4

AxiTrader has low forex and CFD fees. There is no withdrawal fee and the inactivity fee is low.
Pros Cons
Low non-trading fees None
Low forex fees
Low CFD fees
Vantage FX vs. Axi: Trading fees
Axi Vantage FX
EURUSD benchmark fee $14.3 $14.4
EURGBP benchmark fee $11.5 $8.0

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
75.6% of retail CFD accounts lose money

Account opening
4.4

Account opening at AxiTrader is user-friendly and fully digital but it takes a bit longer than at similar online brokers.
Pros Cons
Fully digital Slower account opening time
No minimum deposit
Low minimum deposit
Vantage FX vs. Axi: Minimum deposit, time to open an account
Axi Vantage FX
Minimum deposit $0 $200
Time to open account 1-3 days 1 day

If you are interested more in Axi minimum deposit, this overview will help you.

Visit broker More
75.6% of retail CFD accounts lose money

Deposit and withdrawal
4.8

AxiTrader charges neither deposit nor withdrawal fees. For depositing, you can use bank transfer, credit/debit cards and electronic wallets. Nevertheless, credit/debit card withdrawal is not possible.
Pros Cons
Free withdrawal No credit/debit card withdrawal
No deposit fee
Vantage FX vs. Axi: Withdrawal options
Axi Vantage FX
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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75.6% of retail CFD accounts lose money

Web trading platform
2.6

The web trading platform of AxiTrader is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login, price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Axi, a Vantage FX alternative
Vantage FX vs. Axi: Trading platform scores
Axi Vantage FX
Web platform score 2.6 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.3 stars

Learn more about Axi's web trading platform in the detailed Axi review.

Visit broker
75.6% of retail CFD accounts lose money

Markets and products
1.8

AxiTrader offers only forex and CFD trading.
Vantage FX vs. Axi: Markets and products
Axi Vantage FX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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75.6% of retail CFD accounts lose money

Verdict

AxiTrader is regulated by multiple authorities globally, like the UK's FCA and ASIC in Australia.

On the plus side, trading fees are low and no inactivity fee is charged. Depositing and withdrawals are also free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.

AxiTrader has some drawbacks, though. Its product range is limited to FX and CFDs, and its research tools lack recommendations and fundamental data. In addition, customer support is only 24/5 and email support is slow. 

Feel free to try AxiTrader, as the trading fees are low and there are no deposit, withdrawal or inactivity fees.
 

Axi
Summary Axi was previously known as AxiTrader. It is an Australian forex broker, regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.4 stars
Recommended for Forex traders familiar with the MetaTrader 4 platform

Visit broker More
75.6% of retail CFD accounts lose money

Vantage FX alternatives
Bottom line

Based on our analysis, there are several good alternatives to Vantage FX. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Vantage FX alternatives
Broker Info Recommended for
Vantage FX Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader trading platforms
Pepperstone Australian forex broker Forex traders looking for low fees and good customer service
IC Markets Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Fusion Markets Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Axi Australian forex broker Forex traders familiar with the MetaTrader 4 platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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74-89% of retail CFD accounts lose money
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75.6% of retail CFD accounts lose money
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