Vantage

That's interesting mk... When I bring up the XAU chart in Vantage FX that 'blip' isn't there... Do you think they removed it? Is that even possible?

i have real account with vantage for a while, i have remove all my account, this happen within two weeks in row...

vantage does not move with the market... while the rest of the broker (FXCM, METATRADER) stay at $1292.. vtagefx went down about $10...

one week later, the price of Gold went down to $702.5.. i thought of War is going to take place... No again ONLY VTAgeFX...
i had wrote in, they did not refund my lost as i did long for gold, they reset the amount back to date. but i don't feel good to hang around in this broker any longer...
what if, i did not hedge my trade? or place my stop lost?

if you want to grow your wealth with Vtage.Fx. think again!!!


FXCM $1292


real account


Metatrader $1292

happened one week after. XAU went as low as $702.5

These guys are spam kings and i would not put a cent with them. They called me on my phone ... I didn't answer but saw their number missed call almost daily. I had not given them my number and had entirely nothing ever to do with them. So someone sold them my phone number. So I emailed them to tell them to stop calling me. And they replied that they wee sorry and I was taken off their phone list. Then, get this, they SPAMMED me on the email I used to complain about their unsolicited phone calls. They are warts! Don't go near them.

pipinvestment0 posted:
Please wait for a site operator to respond.

You are now chatting with 'Piers'

you: what is the Min. deposit
Piers: Thank you for visiting Vantage FX. How may I assist you?
Piers: Hi there.
you: and what is your relationship to Go markets
Piers: There is no minimum deposit to open an account with us
Piers: We are different companies. We use Go Markets for their back office
Piers: Do you currently trade FX?
you: yes
Piers: OK. Have you had a look at our platform to see how it compares with your current provider?
you: Metatrader is all the same, Its all about the broker behind the platform
Piers: Agreed. Sounds like you've been using MT4? Do you know much about us, other than what's on the website?
you: If I ever have a Lock out or a disconnect from the platform, can i call your office to close the position at market price
you: Vantage fx is new to me. How long have you been in business
Piers: OK. Our business is online execution only services. In answer to your question, we can close out the position for you but only in the event of a disconnection problem from our end.
Piers: We do this so that we don't have clients phoning in who are simply away from their PC
Piers: So only in the last resort and only if the problem is our end
Piers: If the disconnection is at the client's end then we are not liable for any losses/gains nor obliged to trade for them
Piers: We do offer VPS - Virtual Private Server
Piers: Are you aware of VPS?
you: If I get a disconnect , That is at your End, Not mine! So no, I can call to close a position
you: VPS rarely has anything to do with this problem, but only creates more problems that cant be verified
you: How long has Vantage been in Business
Piers: We've had clients had disconnect problems before and when we looked into it it turned out to be an ISP issue or connection issue their end
Piers: Not saying that's the case with you, just going on some experience of what we've had
Piers: Vantage has been in business since Dec 09
you: Brokers always say this. But thank you for pointing out that VantageFX is no different. Thank you for your Time. The Hunt Continues

Sounds like being able to call and close out a position is important to you. Can I ask why? Did you ever find a broker that was satisfactory?

I don't know too much about Australian regulated financal services but I found a site that may be able to help you.

https://www.asic.gov.au/asic/asic.nsf/byheadline/Complaining+about+companies+or+people?openDocument

Select the 'Money I have invested (financial services and advice)' link for further advice.

Hope this helps.

Hi @jassie - thank you very much. The only problem is that I was with the Vantage Australia branch....
But appreciated your reply.

They cannot take you original deposit. complain to the FSA.

The below link is to search for company registered FSA number and you can see if they have been Disciplined before by entering the company fsa number which is normally at the bottom of the brokers home site. Vantage fx fsa number is 501057

https://www.fsa.gov.uk/register/firmSearchForm.do

complaints to FSA are https://www.fca.org.uk/consumers/how-to-complain/need-to-know

VantageFX UK is a FSA regulated broker and they cancelled ALL my profits SINCE ACCOUNT OPENING mid 2012!! I trade FOREX for some years and over all every broker tries to f*** you, but that was the worst broker behaviour regarding my profits i ever saw.

Charles and Brijesh, I also got ALL my profit withdrawn, and also some of my original deposit. Im extremely mad. They don't even tell us the Criteria of what makes up a 'bad trade'. So you cant scalp with this broker. Worst thing is - they take more money than you make, and eat into your initial deposit.
Insane. PLEASE Stay away from Vantage Guys. Sooo unhappy.

they took my whole money profit and deposit both.
oh man, they r fraud.

STAY AWAY FROM THIS VANTAGEFX BROKER.

I'm also a victim, and I advice everyone to stay away from this scam broker. They remove my account balance more than what I made from them and left my account in negative balance. 😭

hi, same thing of profit canceling happened with me in axitrader, vantagefx and thinkforex.
the common thing in all these 4 brokers that these r from so called australia.

now i will never use any australian forex broker. and i want to tell every trader that please avoid every australian broker
and tell and spread the message everywhere that that every australian broker is fraud and cheater.
they wasted my time and money.

i never used any arbitrage ea. i used simple ea which can make profit.
and after few months i got mail that they suspended my account and they will cancel all profit.
there r many broker so why u r still using these cheaters australian broker who can cancel ur all profit any time.

choose any broker but never choose any australian broker.
they will not only cancel ur profit but also dint give u withdraw of ur deposited fund for 90 days.

The above email was yesterday 20th of March vanatage fx. I receive another email today 21st of March 2013 please the below email:-

Dear Client,

At Vantage FX we pride ourselves on our customer focus and as part of our on-going review to ensure clients are protected and treated fairly, we have made some keys changes to clause 24 of our terms and conditions.

This clause relates to our Risk Warning concerning trading Forex. We have changed the margin stop out level to 50% i.e. the percentage of your equity balance to margin required for open trades. This is a safety mechanism put in place to attempt to stop your account from falling into a negative balance. However, we do not guarantee that your account will not fall into a negative balance, particularly in adverse market conditions.

For our full terms and conditions please click here: Vantage FX UK Client Agreement. The new terms and conditions will be effective when the platform opens at 9:00pm GMT on Sunday 24 March, 2013.

We are here to assist you 24/5, so if you have any questions on the above, or would require any further information, please do not hesitate to contact us on +207 332 4954, or simply reply to this email.

Best Regards,
The Vantage FX Team

Looks like Vantage FX proffits must be down hence why they are suspending peoples accounts, increasing Margins etc.......

Brijesh,

What happened to the reply you got from Vantage fx you post on here. Looks like someone deleted the comments. I too received the same email from Vantage fx regarding account suspension. please see the below email:-

We are writing to you to inform you of the action Vantage FX has today taken in respect of your account ******.

Following a request from our liquidity provider, Vantage FX have today suspended your account pending further investigation into suspicious trading and in particular usage of internet and connectivity delays in order to take advantage of arbitrage on the Trading Systems. The suspension is in accordance with Clause 20.5, of Vantage FX’s terms and conditions duly accepted by you prior to opening your account. Please click here to view full terms and conditions.

Until completion of the investigation, no further trades on your account will be allowed and no further withdrawals can be made. It is envisaged the investigation will be completed within 90 days. Once completed we will write to you further outlining the results of our investigation.

If you have any current open positions on your account and wish to trade, please contact us on +44 207 332 4954.

If in the meantime you have any other queries please do not hesitate to contact us.

Kind regards,
Trade Support
Forex & Commodities | Vantage FX

incometrader posted:
I've never had any problem withdrawing funds - profit or not.

u dont trust me?
.
u can face problem anytime.

when thet will block ur account and send u mail of suspension, then u will remember me.
there r a lot of broker. u can go for any good broker.

but forget vantagefx.
 

I've never had any problem withdrawing funds - profit or not.

I've traded with them for about 8 months now. I think for an Australian based non commission broker their spreads are fairly good, better then GO Markets on most pairs from memory. Execution speeds can be a bit slow at times. Support seems a little unprofessional, I often have to remind them to credit my account for any promotions - not that I'm too worried. Withdrawals are usually next day - they use NAB. VPS is good - the cost of $49 pm is refunded to you if you trade 10+ lots a month, they've changed VPS providers three times since I've been with them which was a big pain since I'm running several EAs. I would look at changing brokers if it wasn't such a hassle, but I haven't found another Australian based broker worthy enough for the trouble.

I left Vantagefx.uk for their slowest withdrawal processing...

i've trrade on vantage aus. the speed execution is very good. i satisfied with this. i also never get requote even on news. scapling system suitable for this broker. ii recomend you to try this broker,there is no different betwen demo an live account. all same good speed execution

Vantage and Gomarketaus and Pepperstone are all in Australia, which one is better ?