VantoFX Forex Review

Read our full VantoFX review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased VantoFX opinion allows our readers to decide whether VantoFX is a reliable broker.

VantoFX Forex Broker History

VantoFX is the company’s trading name that operates the broker, Vortex LLC, which is incorporated in St Vincent and the Grenadines. The company is based offshore and is registered with the local Financial Services Authority. The broker was launched in 2024, which makes it very young and inexperienced in the FX trading industry. The broker promises transparent trading conditions with fast execution and good support via live chat. The broker has a simplistic approach offering two trading account types and traders can access diverse trading assets on cTrader, which is an advanced platform similar to MT4 and MT5.

VantoFX broker safety

Safety is critical in Forex trading. VantoFX is regulated offshore in Saint Vincent and Grenadines by the Financial Services Authority (SVGFSA). The regulator is not very strict and brokers under its license have the flexibility to offer high leverage and sometimes even scam their clients, so this license is good but not enough to call the broker safe.

VantoFX does not mention negative balance protection on its website, meaning it does not offer this policy, which is a serious downside for traders when trading with leveraged instruments. If traders lose more than their trading account balance they might become liable for losses beyond their initial investment, which is risky.

The broker is a member of an investor compensation fund and uses segregated bank accounts to keep user funds, which the regulator requires.

VantoFX Broker Review of Accounts

VantoFX approaches accounts with simplicity as it only offers two trading accounts, including standard, and raw accounts.

Let’s briefly overview each of the accounts to see what they have to offer and whether the broker is truly competitive.

VantoFX standard account

The standard account is general FX trading and has spreads on major pairs from 1.2 pips. This is slightly above 1 pip which is the industry standard of standard accounts and makes this account tradable, especially when we take into account low minimum deposit. There are no trading commissions on any of the assets offered on this account. The leverage is up to 1:500 and the minimum deposit starts at 25 USD/EUR/GBP. This is competitive but many brokers are reputable and offer even smaller minimum deposit requirements. The broker also accepts crypto deposits on this account and the minimum deposit is 100 USDT (Tether).

VantoFX raw account

The raw trading account offers lower spreads starting from 0.0 pips on major FX pairs (EUR/USD, etc.). However, it charges commissions for low spreads which start from $3.5 per $100 000 traded per turn. This makes it a 7 USD round turn, which is also within industry standards. The minimum deposit is also 25 USD or equivalent and zero commissions are charged on indices and oil instruments.

VantoFX instruments

Despite accepting crypto deposits, the broker does not allow crypto trading, which is a downside. There are Forex pairs, commodities, and indices offered and many of them are available in the form of CFDs, enabling traders instant buy and sell order execution. The leverage is 1:500 which is more than enough to control considerable trading power and spreads are also average, allowing swing and day trading.

VantoFX Reviews of Trading Platforms

When it comes to the trading platform, the broker provides access to the advanced trading platform cTrader. It has a modern design and enables traders to use custom indicators and cBots or automated trading systems. The broker allows traders to employ cBots and custom indicators. Mobile trading is also available via the cTrader mobile app accessible on all mobile devices, Android, and iOS. The same credentials can be used to manage accounts on both mobile and desktop cTrader versions, which is flexible.

VantoFX Forex Review of Extra Features

From extra tools, the broker provides the following features:

• Economic calendar – Real-time monitoring of macroeconomic news events and releases such as NFP, interest rates, GDP, and so on, to conduct a fundamental analysis.
• Copy trading – Enables traders to replicate the performance of successful traders. The service automatically replicates the performance of strategies and people.
• VPS – Deploy automated trading systems 24/5 on a cloud server to ensure stability and uninterrupted operations.
• Academy – Knowledge base covering important trading concepts and providing educational content for beginners.
• News and analysis – Latest news from the market and expert insights to analyze all important news occurring in the financial world.

The academy is especially interesting as it offers learning materials to beginners which could be useful to learn how to develop new strategies.

There are no active promotions available, which is a downside. There are no deposit bonuses or welcome bonuses offered.

VantoFX Reviews of Customer Support

The broker offers live chat and email support options, which are flexible. However, there is no phone support available, which is a red flag. Customer support is critical in FX trading and phone support is important to ensure your broker can answer your calls if your internet connection is interrupted and you need to close your open positions. The lack of phone support in VantoFX’s case is a serious downside.

The website and support are available in 3 different languages, which is not enough to call a broker multilingual.

VantoFX Deposit and Withdrawal

When it comes to deposits and withdrawals, the broker offers several payment options. VantoFX supports crypto payments, wire transfers, and bank cards. No commissions are charged for deposits and withdrawals and the broker claims super-fast processing for withdrawals, which if true, is very flexible and attractive. The only downside is, if a trader wants to deposit via crypto, they have to deposit a minimum of 100 USDT while all other options allow 25 USD or equivalent.

VantoFX Review Conclusion – can you trust Hankotrade?

VantoFX is a newly established offshore Forex CFDs broker offering cTrader trading platform access, competitive spreads, and relatively low minimum deposits. While it provides some competitive features such as copy trading, VPS, and fast withdrawals, the broker lacks strong regulations, negative balance protection, and phone support, which are red flags.

In the end, VantoFX may be suitable for experienced traders who can understand offshore risks but beginners should proceed with caution.

FAQs on VantoFX

Is VantoFX a scam?

VantoFX scam is less likely but not entirely impossible as it is regulated offshore and lacks phone support, which is a serious red flag.

What is the VantoFX minimum deposit?

The minimum deposit is 25 USD, EUR, or GBP for card and wire transfers, and 100 USDT for crypto deposits.

Is VantoFX a cheap broker?

Yes, VantoFX offers low minimum deposits and industry-standard spreads and commissions, especially on its raw account, which makes it relatively cheap.