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.
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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 | 2 | 1 |
When comparing the commissions and fees of online brokers Vantage and iFOREX, investors will find distinct differences between the two. Vantage offers three types of accounts: Standard STP, RAW ECN, and PRO ECN. The Standard STP account comes with a spread-only model and has typical spreads of 1.30 pips for EUR/USD. In contrast, the RAW ECN account offers more competitive average spreads of 0.15 pips, plus a $6 round-turn commission. The PRO ECN account provides the most competitive pricing at Vantage, with a lower $4 round-turn commission, though it comes with higher account requirements depending on the regulating entity.
iFOREX does not provide average spread data, making it challenging for potential traders to evaluate their costs straightforwardly. In ForexBrokers.com's assessment, Vantage ranks significantly higher than iFOREX, securing the 18th position out of 62 brokers for its commissions and fees, compared to iFOREX, which is ranked 60th. Vantage also receives a superior rating of 4.5 out of 5 stars, clearly indicating its competitive edge over iFOREX, which scores 3 stars in the same category.
In summary, Vantage presents a more transparent and potentially cost-effective offering with varied account options catering to different trader profiles, including active traders who can benefit from its rebate program. Meanwhile, iFOREX's lack of disclosed average spreads and lower ratings suggest less competitiveness in terms of commissions and fees, highlighting Vantage as the more favorable choice for traders mindful of trading costs.
| 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 | No | 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 it comes to online trading platforms, both Vantage and iFOREX provide diverse opportunities for investors interested in forex trading via CFDs or spot contracts. Vantage offers a more extensive selection of tradeable symbols, with a total of 1,000, compared to iFOREX’s 750. However, if you're specifically focused on forex pairs, iFOREX leads with 88 pairs available, surpassing Vantage's 57 pairs. Both platforms do not offer U.S. or international exchange-traded securities, so traditional stock trading is not an option on either platform.
For those interested in modern trading options, both Vantage and iFOREX provide the ability to invest in cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies. An additional feature that sets Vantage apart is its copy trading option, which is not available with iFOREX. Despite these differences, both platforms receive an identical rating of 3.5 stars for their range of investments, although iFOREX ranks slightly higher at 41st among 62 brokers, while Vantage is ranked 50th.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 57 | 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 for trading platforms and tools, Vantage stands out with several offerings that cater to a wide range of traders. Vantage provides a free virtual demo account, allowing users to practice trading without financial risk. The platform includes a proprietary system and supports popular third-party options such as MetaTrader 4 and MetaTrader 5, enhancing versatility for different trading styles. Vantage also offers a Windows-based desktop platform for download, in addition to a web-based trading option, accommodating various user preferences. Features such as copy trading and integrations with DupliTrade and ZuluTrade further extend the capabilities available to its users. Additionally, traders can benefit from a range of 15 drawing tools for charting and the ability to execute trades directly from stock charts. Organized watch lists with 7 customizable fields also allow for effective tracking of key market data.
Meanwhile, iFOREX brings its proprietary trading platform accessible through web browsers, although it lacks the Windows desktop version. While it does not provide a free demo account or support for MetaTrader platforms, iFOREX offers a more extensive set of 25 drawing tools for charting. Like Vantage, iFOREX allows trading directly from stock charts and provides detailed watch lists with 9 fields for tracking market movements. However, the absence of copy trading, DupliTrade, and ZuluTrade might be a drawback for some traders. Both platforms receive a commendable four-star rating in the Trading Platforms and Tools category, but Vantage ranks 15th of 62 brokers on ForexBrokers.com, significantly higher than iFOREX, which holds the 54th position. This difference highlights Vantage's broader appeal and more comprehensive offerings for traders looking for flexibility and a variety of tools at their disposal.
| 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 | Yes | 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.
Vantage and iFOREX both provide mobile apps for iPhone and Android users, catering to traders on the go. Vantage steps ahead with features like stock and forex price alerts, the ability to draw trendlines, and the inclusion of 30 technical studies for charting, making it an appealing choice for those who prioritize chart analysis. Meanwhile, iFOREX lacks these features but remains a viable option with its basic mobile trading capacities. While neither broker offers watchlist symbol syncing, Vantage allows the creation of a watchlist with real-time quotes, enhancing the ability to monitor market movements all within their mobile app.
Both Vantage and iFOREX's mobile trading apps are rated four out of five stars, indicating high user satisfaction. However, ForexBrokers.com ranks Vantage significantly higher at 26th place out of 62 brokers, compared to iFOREX’s 55th position. This suggests that while both apps share the same star rating, Vantage offers additional features that may provide a more enriched trading experience for those who seek comprehensive mobile trading tools and capabilities.
| 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 Vantage and iFOREX, both online brokers provide daily market commentary, helping traders stay informed about dynamic changes in the market. However, Vantage stands out by offering forex news from renowned sources like Bloomberg and Reuters, a service that iFOREX does not provide. Both platforms equip traders with tools from Trading Central, known for assisting in technical analysis, and offer sentiment-based trading tools to understand market positions. While neither broker uses Autochartist, TipRanks, or Acuity Trading tools like Signal Centre, they both provide economic calendars that display important global economic events.
Vantage is rated slightly higher in research, earning 4 out of 5 stars compared to iFOREX's 3.5 stars. The advantage extends to their ranking by ForexBrokers.com, where Vantage holds the #24 spot against iFOREX's #48 out of 62 brokers. This positions Vantage as a notably stronger choice for those prioritizing comprehensive market research and insights. However, both brokers offer essential tools for those keen on market analysis, making each a viable option depending on individual needs and preferences.
| Feature |
Vantage
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 to beginners from online brokers Vantage and iFOREX, Vantage significantly outshines its counterpart. Vantage provides a comprehensive learning experience with a diverse range of educational content, including over ten pieces focused on forex or CFDs education. Additionally, they offer at least one educational webinar per month and maintain a searchable archive of these webinars for future reference. Beginners can also benefit from over ten instructional videos tailored to their needs, as well as advanced topics for more seasoned traders. A helpful investor dictionary, with over fifty investing terms, further supports learners, making Vantage a well-rounded choice for those new to trading.
On the other hand, iFOREX falls short in several areas despite offering over ten beginner-friendly educational videos. The broker does not meet the minimum requirement for forex or CFDs educational pieces, nor do they provide regular online educational webinars or an archive of past sessions. iFOREX also lacks advanced educational videos and a comprehensive investor dictionary. Consequently, Vantage secures a higher rating with 4 stars compared to iFOREX's 3.5 stars in education. Furthermore, Vantage is ranked 27th out of 62 brokers by ForexBrokers.com for education, while iFOREX is ranked 53rd, indicating Vantage as a more suitable choice for beginner traders seeking educational resources.
| 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
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|---|---|---|
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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 | 2 | 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) | 57 | 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 | No | 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 | Yes | 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 | No | 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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