VantoFX Forex broker review — Everything you need to know

VantoFX is the company’s trade name of Vortex LLC, which is incorporated in St Vincent and the Grenadines. The broker is also regulated in Saint Vincent and the Grenadines, which makes it an offshore-regulated Forex and CFDs broker. It does not offer negative balance protection, meaning traders can go into minuses on their balance. The broker is a part of the investor compensation fund and keeps trader funds in segregated bank accounts.

VantoFX Overview of the website

VantoFX provides a clean and modern-looking website with quick access to all key services and features like account opening, platform, and support. Traders can navigate intuitively to trading accounts, asset listings, and additional tools such as copy trading and VPS hosting. The website is available in three languages and support is also offered in these languages. However, only offering three languages does not make the broker a multilingual broker. The website also allows traders to download the cTrader platform and access their accounts on desktop and mobile.

VantoFX Accounts Reviewed

VantoFX provides access to two straightforward account types: the standard account and the raw account. Both accounts require a low entry deposit starting at 25 USD, EUR, or GBP, making VantoFX accessible to traders with different experience levels. The structure is simple, traders can focus on either commission-free trading with wide spreads or raw spreads with commissions.

The VantoFX standard account comes with the following specs;

• Minimum deposit – 25 USD/EUR/GBP
• Spreads from – 1.2 pips
• Maximum leverage – 1:500
• Minimum crypto deposit – 100 USDT
• Commissions – None
• Stop-out level – 30%

The VantoFX raw account, on the other hand, offers the following features:

• Minimum deposit – 25 USD/EUR/GBP
• Spreads from – 0.0 pips
• Maximum leverage – 1:500
• Minimum crypto deposit – 100 USDT
• Commissions – from $3.5 per $100 000 traded
• Stop-out level – 30%

As we can see, the broker has a very low minimum deposit requirement, which is flexible. The leverage is competitive and spreads are within industry standards including the commissions on raw accounts.

Deposit and withdrawal options at VantoFX

VantoFX allows several options of payments for funding and withdrawals, such as bank cards, wire transfers, and cryptos. Deposits and withdrawals are commission-free, and the broker emphasizes fast withdrawal processing. It is critical to note that bank cards and wire transfers allow 25 USD or an equivalent minimum funding amount, while crypto payments require at least 100 USDT.

VantoFX Assets — What can you trade?

Traders can access diverse markets on VantoFX cTrader including FX pairs, commodities, and indices, all offered as CFDs for flexible trading and instant execution. Crypto trading is absent, even though the broker accepts crypto payments, which is a considerable drawback. Leverage is up to 1:500, available across the offered instruments, which allows traders to gain high exposure with a relatively small budget.

Trading platforms of VantoFX

The broker exclusively provides access to the cTrader platform, a powerful alternative to MT4 and 5. cTrader offers advanced charting tools, automated trading capabilities (cBots), and a seamless mobile trading platform. The mobile app is accessible on both Android and iOS. The platform offers support for custom indicators and the same credentials can be used across desktop and mobile devices for flexibility.

Education at VantoFX

The broker offers several extra features including a modest educational section called the academy. It contains essential content for beginner traders. In the academy, there are resources for beginners and relatively seasoned traders, which is useful. Additionally, there are economic calendars, market news updates, and expert analyses provided to assist traders stay informed about important developments and improve their trading accuracy.

VantoFX Customer Support

Customer support at VantoFX includes live chat and email options. However, the lack of phone support is a serious concern. The support team operates in a few major languages but does not truly offer multilingual support. The live chat is built inside the website and traders can also use the online form for email support. Despite the lack of a phone support option, the broker offers fast live chat, which is flexible.

VantoFX bonuses and promotions

Currently, VantoFX does not provide any active bonus campaigns, deposit rewards, or promotions. Traders who want to get bonuses will have to look somewhere else. There are no welcome bonuses available either, which is also a considerable downside.

Is VantoFX your broker? Final verdict

VantoFX delivers essential trading services through the cTrader trading platform and attractive but simplistic account options. The broker is regulated offshore, lacks negative balance protection, and offers limited customer service channels, which means traders should be cautious. VantoFX offers a competitive leverage of 1:500, which is more than enough to trade with large lot sizes on FX, commodities, and indices. Despite support for crypto payments, the broker does not allow crypto trading, which is yet another downside for the broker.

FAQs on VantoFX broker

Where is VantoFX based?

VantoFX is operated by Vortex LLC, a company incorporated in Saint Vincent and the Grenadines.

Can you withdraw from VantoFX?

Yes, VantoFX promises commission-free withdrawals via cards, bank wires, and crypto with a focus on fast processing times.