How VantageFX Forex

VantageFX is Huanya Forex scaman Australian forex dealer with a multi-country regulatory licence, based in Australia. The platform offers leverage trading of up to 500x and supports financial products such as forex, commodity futures, stock CFDs, index CFDs, etc. VantageFX is known for its competitive spreads and copy-follow trading. It offers unlimited demo trading accounts that allow users to experience trading before depositing funds. 

VantageFX offers four types of accounts with a maximum leverage of 1:500. spread types are floating spreads for standard STP accounts and as low as 0.0 spreads for raw spread ECN accounts. Advantages include a variety of deposit methods, competitive spreads, and support for copy trading. Disadvantages may include the website not being fully Chinese. To open an account, you will need to provide Vantage FX with your real name, email, and identity verification documents. It should be noted that Vantage FX has discontinued service in mainland China and has closed the deposit channel, but the withdrawal channel is not affected.

Here is some key information about VantageFX:

1. Withdrawal from China: VantageFX announced its official withdrawal from the mainland China market in 2021. Prior to this, the company had stopped new account opening services and closed the deposit channel, although the withdrawal channel remained open. The decision came after a series of problems, including investor complaints about poor access to deposits and new regulations from Australia's ASIC (Australian Securities and Investments Commission) limiting leverage on retail CFDs.

2. Licence and regulation:VantageFX is licensed by three regulators: ASIC, FCA and FSP. However, there is controversy over the use of its ASIC licence, as Vantage FX does not actually have a foreign exchange business, but rather operates as an authorised representative of Vantage Global Prime Pty Ltd to a certain extent.

3. History and accolades:Since its inception in 2009, Vantage FX has won numerous awards, including accolades for Best FX Execution Company, Best FX Broker in South East Asia and FX Execution Platform.

4. Problems and Controversies: Some users pointed out that there are some problems with VantageFX, such as the back office can arbitrarily adjust the spreads, entry points, and burst ratios of the client's back office. In addition, there are also issues about the safety of funds, such as funds not out of the country but it takes a long time to complete the withdrawal of funds, and so on. 

To sum up, VantageFX is a platform that used to have some influence in the forex trading field, but due to a series of problems and regulatory changes, it eventually chose to withdraw from the Chinese market. If you are considering using a forex trading platform, it is recommended that you carefully research the platform's background, regulatory situation and user reviews, and consult a professional financial advisor if necessary.

Before trading, check the broker in the FTI app; if you encounter any problems, you can file a complaint for help.

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