Written by ForexBrokers.com
In this head to head comparison of Vantage vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Vantage and iFOREX are well-known online brokers, yet they present distinct profiles when it comes to trust and regulatory standing. Vantage, established in 2009, holds a Trust Score of 90 from ForexBrokers.com, categorizing it as highly trusted. This strong rating is backed by two Tier-1 licenses and one Tier-2 license, underscoring its commitment to regulatory compliance. In contrast, iFOREX, founded in 1996, has a Trust Score of 75, placing it in the average risk category. This is due in part to holding only one Tier-1 license and lacking any Tier-2 licenses. Both brokers are privately held and are not banks, maintaining a focus on providing trading services rather than traditional banking activities.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Year Founded | 2009 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers Vantage and iFOREX, Vantage generally presents more attractive options for traders. Vantage offers three distinct account types: the spread-only Standard STP account, and the commission-based RAW ECN and PRO ECN accounts. The Standard account exhibits typical spreads of 1.30 pips on the EUR/USD, while the RAW account offers tighter average spreads of 0.15 pips, with an additional $6 commission per round turn. For the best value, the PRO account provides extremely competitive pricing with a $4 commission per round turn. Despite these advantages, Vantage's pricing conforms to industry averages and doesn't quite reach the price competitiveness of leading brokers like Saxo and IG. Vantage has secured a 4.5-star rating and ranks 19th out of 62 brokers according to ForexBrokers.com.
iFOREX, on the other hand, lacks available average spread data, making a direct comparison challenging. This gap in transparency may be a drawback for potential traders who are trying to assess future costs. Bearing in mind iFOREX’s 3-star rating and ranking of 60 out of 62 brokers in ForexBrokers.com's Commissions and Fees category, it appears that Vantage offers more favorable trading conditions.
For active traders, Vantage provides a rebate program on the Standard account that varies according to account balance and trading volume, ranging from $2 to $8 per standard lot. However, this program doesn't compensate for the highest spreads among Vantage's account offerings. Overall, for traders weighing their options between these two brokers, Vantage emerges as the more cost-effective choice in terms of commissions and fees, providing a clearer picture of costs alongside structured opportunities for rebates.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options of Vantage and iFOREX, both platforms provide forex trading through CFDs, making them accessible for those interested in currency markets. iFOREX offers a broader selection of forex pairs with 88, surpassing Vantage's 61. However, Vantage leads in terms of the total number of tradeable symbols, boasting 1,000 compared to iFOREX's 750. Neither platform supports direct trading of exchange-listed securities on U.S. or international exchanges, meaning you cannot buy shares of companies like Apple or Vodafone.
For cryptocurrency enthusiasts, both Vantage and iFOREX offer the ability to trade crypto derivatives but not actual cryptocurrencies. A notable difference is Vantage's support for copy trading, providing users an opportunity to replicate the trades of experienced investors, a feature that iFOREX lacks. Despite each having different strengths, they share similar ratings of 3.5 stars for their range of investments. However, in ForexBrokers.com's ranking of investment range, iFOREX holds a higher position at #41, while Vantage is placed at #50 out of 62 brokers.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 61 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Vantage and iFOREX, both online brokers have strengths and limitations in their trading platforms and tools. Vantage stands out with its versatility, offering a virtual demo account for beginners, compatibility with the popular MetaTrader 4 and 5, and the option for a full-featured Windows-based desktop platform. Additionally, Vantage supports copy trading and DupliTrade, broadening the strategies available to traders. iFOREX, on the other hand, lacks support for MetaTrader and does not offer copy trading but does provide a proprietary web-based platform which may appeal to those preferring a browser experience.
In terms of charting tools, Vantage provides 15 drawing tools and the ability to trade directly from a stock chart, while iFOREX offers 25 drawing tools and the same direct trading capability from charts. Both platforms are rated four stars for their trading platforms and tools, yet Vantage's comprehensive offerings earn it a higher ranking of 21st out of 62 brokers, compared to iFOREX at 54th. This suggests that Vantage might be more appealing for those seeking a broader range of trading functionalities and flexibility in platform choice.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Vantage and iFOREX offer user-friendly mobile trading apps available for iPhone and Android devices. However, when it comes to features, Vantage's app is more comprehensive. Vantage provides price alerts for stock or forex, which is lacking in the iFOREX app. Although neither app syncs watchlist symbols with online accounts, Vantage excels in its charting capabilities, offering 30 technical studies and the option to draw trendlines, whereas iFOREX does not offer these features. Vantage further enables traders to view multiple timeframes such as daily or intraday, and even auto-saves drawings made on charts, adding a layer of convenience not found in the iFOREX app.
Vantage allows traders to create a watchlist with real-time quotes, whereas iFOREX lacks this feature. Despite these differences, both apps share a user rating of 4 stars out of 5. In terms of rankings by ForexBrokers.com, Vantage stands 28th among 62 brokers for its mobile trading app, while iFOREX lags at 55th. Overall, for users seeking more dynamic and flexible trading tools on-the-go, Vantage appears to be the better option of the two.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Vantage and iFOREX, several key differences emerge. Both platforms provide daily market commentary and sentiment-based trading tools, which can be invaluable for traders looking to understand market dynamics. However, Vantage stands out by delivering forex news from esteemed sources such as Bloomberg and Reuters, a feature not available with iFOREX. Additionally, Vantage offers technical and fundamental analysis tools from Autochartist, complementing its array of Trading Central tools, while iFOREX only includes Trading Central resources.
Both brokers supply an economic calendar to keep traders informed on global news events, but Vantage's market research capabilities earn it a higher rating of 4 stars compared to iFOREX's 3.5 stars. This difference is reflected in their respective rankings by ForexBrokers.com, where Vantage is positioned at #21 and iFOREX at #48 out of 62 brokers in the Research category. This comparative advantage suggests that while both brokers provide a strong foundation of market research tools, Vantage offers a more comprehensive set of resources for traders seeking in-depth market analysis.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Vantage and iFOREX, it's clear that Vantage provides a more comprehensive learning experience. Vantage offers a variety of educational materials, including more than ten articles and videos focused on forex or CFDs. They also conduct monthly webinars and have an extensive archive of past sessions. Additionally, Vantage provides educational videos specifically tailored to beginners, making it easier for new traders to get started on the right foot. Their educational tools are rounded out with an investor dictionary that defines over 50 investing terms, offering a solid foundation for anyone new to trading.
On the other hand, iFOREX presents a more limited selection of educational resources. While they do offer more than ten beginner-focused trading videos, they lack other essential elements such as monthly webinars, archived sessions, and an investor dictionary. Their educational offerings are therefore less diverse compared to Vantage, making it more challenging for beginners to grow their knowledge comprehensively. Based on these differences, Vantage is rated four stars for education, while iFOREX holds a 3.5-star rating. In the ForexBrokers.com Education ranking, Vantage secures the 24th position out of 62 brokers, significantly higher than iFOREX's 53rd spot.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Vantage is better than iFOREX. Vantage finished with an overall rank of #26, while iFOREX finished with an overall rank of #52.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 75 |
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Both Vantage and iFOREX do not allow the purchase of actual delivered cryptocurrency, but they do offer the option to buy cryptocurrency derivatives.
Both Vantage and iFOREX provide similar options for depositing and withdrawing funds, with neither offering ACH or SEPA transfers, but both supporting PayPal, Skrill, Visa, Mastercard, and bank wires.
Please 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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0 of 5| Overall Rating | Vantage | iFOREX | |
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| Trust Score | 90 | 75 | |
| Winner | check_circle | ||
| Review | Vantage Review |
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| Regulation | Vantage | iFOREX | |
|---|---|---|---|
| Trust Score | 90 | 75 | |
| Year Founded | 2009 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Vantage | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Vantage | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Vantage | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 750 | |
| Forex Pairs (Total) | 61 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Vantage | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Vantage | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Vantage | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Vantage | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Vantage | iFOREX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Vantage Review |
| Overall | Vantage | iFOREX | |
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| Trust Score | 90 | 75 | |
| Winner | check_circle | ||
| Review | Vantage Review |
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