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Vantage vs TopFX 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between Vantage and TopFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Vantage ranks more highly than TopFX.

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Compare

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Overall Rating Vantage TopFX
Overall Rating star 8.0 /10 star 6.7 /10
Offering of Investments star 7.0 /10 star 7.0 /10
Commissions & Fees star 8.5 /10 star 7.5 /10
Platform & Tools star 8.0 /10 star 7.5 /10
Research star 7.5 /10 star 5.5 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 7.5 /10 star 5.5 /10
Account Type Vantage TopFX
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options Vantage TopFX
Minimum Deposit info $50 Depends on payment method
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Copy Trading Vantage TopFX
Social Trading / Copy Trading info Yes Yes
DupliTrade info Yes No
ZuluTrade info Yes No
Cryptocurrency Vantage TopFX
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Vantage TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Vantage TopFX
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Vantage TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Vantage TopFX
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Regulatory Licenses Vantage TopFX
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education Vantage TopFX
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes No
Autochartist info No Yes
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes No
Trading Costs Vantage TopFX
Minimum Deposit info $50 Depends on payment method
Average Spread EUR/USD - Standard info 1.30 info 1.03 info
All-in Cost EUR/USD - Active info 0.75 info 0.88 info
Active Trader or VIP Discounts info No No
Trading Tools Vantage TopFX
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors Vantage TopFX
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Trust Score info 90 67
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Vantage vs TopFX Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Vantage and TopFX? Our independent database powered by our unbiased research will help you compare Vantage vs TopFX side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust Vantage?

Vantage has a Trust Score of 90, giving it a "Highly Trusted" Trust Score Label.

Can I trust TopFX?

TopFX has a Trust Score of 67, giving it a "High Risk" Trust Score Label.

Is Vantage a good broker?

Vantage is a trusted brand that holds licenses in multiple Tier-1 jurisdictions, boosting its overall Trust Score. Traders at Vantage gain access to a growing range of markets alongside a proprietary trading app (the Vantage app) and an excellent MetaTrader offering. Vantage offers the full MetaTrader platform suite (including MetaTrader 5), and supports full integration with TradingView and Smart Trader add-ons. Multiple social copy trading platforms are also available (unless you live in Australia). That said, the broker's educational content and market research materials can't compete with what's offered by the best forex brokers.

Is TopFX a good broker?

TopFX offers the MetaTraderand cTrader platforms, along with a growing selection of tradeable markets. That said, this broker's lack of substantial regulatory licenses outside of Cyprus brings its Trust Score down. TopFX also lags behind the industry average when it comes to market research and education.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Vantage holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). TopFX, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Vantage is South Africa (FSCA Authorised), while TopFX is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Vantage is Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised), while TopFX is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Vantage offers a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade, whereas TopFX supports a Desktop Platform (Windows) and cTrader

Does Vantage offer MetaTrader? Does TopFX offer MetaTrader?

For MetaTrader Vantage provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while TopFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Vantage and TopFX differ in terms of minimum deposit? What about average spreads and funding options?

Vantage requires a minimum deposit of $50, while TopFX requires a minimum deposit of Depends on payment method. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both Vantage and TopFX offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, Vantage or TopFX?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Vantage delivers a more diverse selection of investment options than TopFX, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; Vantage offers 1000, and TopFX offers a total of 655 tradeable symbols.

Can I trade cryptocurrency with Vantage or TopFX?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Vantage nor TopFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Vantage or TopFX?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Vantage delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. TopFX, on the other hand, provides the tools listed here: Autochartist, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading

Broker Reviews

Still looking for more information, read our broker reviews.

Vantage Review

TopFX Review

Overall winner: Vantage

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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