Vantage FX Minimum Deposit

 

A Vantage FX minimum deposit Review

 

Vantage FX Minimum Deposit

 

The Vantage FX minimum deposit amount that Vantage FX requires is $200.

The minimum deposit amount of $200 when registering a live account is equivalent to ZAR3,511.94 at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.

Vantage FX is based in Belize and is authorized and regulated by demanding regulating entities namely ASIC, FCA, and CIMA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as Vantage FX are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Deposit fees and deposit methods

 

Vantage FX does not charge any fees when deposits are made into the trader’s account. Vantage FX offers a vast amount of payment methods which include, but is not limited to:

  • Bank Wire Transfer
  • International EFT
  • Credit/Debit Cards
  • UnionPay
  • Neteller
  • Skrill
  • Fasapay
  • Broker-to-Broker, and more.

 

Vantage FX supports a wide variety of deposit currencies in which traders can fund their accounts which includes, but is not limited to:

  • AUD
  • USD
  • GBP
  • EUR
  • SGD, and
  • CAD

 

Traders should note that despite the variety of deposit currencies, different payment methods only support certain currencies.

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

  1. Log into the Client Portal and select ‘Deposit’
  2. Select the deposit method along with the amount.
  3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

 

Pros and Cons

 

PROS CONS
1.      Deposit fees are not charged by Vantage FX 1.      None noted
2.      Quick and easy depositing of funds  
3.      Average minimum deposit amount  
4.      Wide variety of payment methods offered  
5.      Wide variety of deposit currencies supported  

 

FAQ

 

What is the minimum deposit for Vantage FX?

$200

 

How do I make a deposit and withdrawal with Vantage FX?

You can make use a wide variety of deposit and withdrawal methods including, but not limited to:

  • Bank Wire Transfer
  • International EFT
  • Credit/Debit Cards
  • UnionPay
  • Neteller
  • Skrill
  • Fasapay
  • Broker-to-Broker, and more.

 

Does Vantage FX charge withdrawal fees?

No.

Traders may be subjected to intermediary transfer fees independent of Vantage FX.

 

How long does it take to make a withdrawal?

  • Bank Wire Transfer – two to five business days
  • International EFT – two to five business days
  • Credit/Debit Cards – instant
  • UnionPay – instant
  • Neteller – instant
  • Skrill – instant
  • Fasapay – instant
  • Broker-to-Broker – instant