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 online brokers Vantage and iFOREX in terms of commissions and fees, Vantage stands out with its 4.5-star rating, ranked #19 out of 63 brokers by ForexBrokers.com. It offers three distinct account types: the Standard STP account with typical spreads of 1.30 pips on the EUR/USD, and two commission-based accounts — the RAW ECN and PRO ECN. The RAW ECN boasts average spreads of 0.15 pips with a $6 round-turn commission, totaling 0.75 pips. The PRO account provides even more competitive pricing with a $4 round-turn commission. However, depending on the entity under which your account is held, there are specific requirements that impact availability and cost. Vantage's pricing is generally in line with industry averages yet falls behind premium providers like Saxo, IG, and CMC Markets.
In contrast, iFOREX's exact average spread data is not disclosed, and it is ranked significantly lower at #61 with a 3-star rating in commissions and fees. The lack of detailed pricing information may pose a challenge for traders looking to make precise cost evaluations. This contrasts sharply with Vantage's transparent account-based pricing, which allows for tailored trading strategies depending on the user’s needs and market participation level.
Vantage also caters to active traders with a rebate program on its Standard account, offering rebates from $2 to $8 per standard lot depending on account balance and trading volume. While iFOREX does not provide granular fee details that would facilitate direct comparison, Vantage’s structured account types and incentives make it a more versatile choice for different trading styles and budgets.
| 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 it comes to online trading, both Vantage and iFOREX offer forex trading through CFDs or spot contracts, making them suitable options for those interested in the currency market. Vantage provides access to 1,000 tradeable symbols, while iFOREX offers 750. However, iFOREX edges ahead in the forex pair department, with 88 pairs compared to Vantage's 61. Neither broker allows clients to buy exchange-traded securities from U.S. or international exchanges, which could be a limitation for those looking to invest in major global companies directly. Both platforms offer cryptocurrency trading through derivatives, but not actual coins, catering to traders looking to speculate on crypto prices without owning the digital currencies.
For traders interested in copy trading, Vantage offers this feature while iFOREX does not, providing an advantage for those who prefer to mirror the trading strategies of experienced investors. Both brokers have been rated 3.5 stars out of five for their range of investments, indicating a moderate variety of trading options. Despite offering similar ratings, iFOREX is ranked slightly better at #41 by ForexBrokers.com for the Range of Investments category, compared to Vantage's #50. This suggests a slight advantage for iFOREX when considering the overall investment options available for traders.
| 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 the trading platforms and tools of Vantage and iFOREX, both brokers have their unique offerings. Vantage provides a broad range of capabilities, standing out with features like a free virtual demo account that allows traders to practice before diving in with real money. Additionally, Vantage supports both MetaTrader 4 and 5, providing robust trading options from both web-based and Windows-based desktop platforms. For social trading enthusiasts, Vantage offers DupliTrade but lacks ZuluTrade support. Although iFOREX offers a proprietary platform and a web-based trading experience, it misses out on offering a demo account, MetaTrader support, and copy trading capabilities.
While iFOREX boasts more drawing tools, offering 25 compared to Vantage's 15, Vantage leads in other areas such as providing the ability to trade directly from stock charts, offering a rich demo experience, and having more watch list columns. Despite both brokers earning a solid 4-star rating for their trading platforms and tools, Vantage's overall trading platform ranking is considerably higher at #21 compared to iFOREX's #54 in ForexBrokers.com's rankings. This suggests a more versatile and beginner-friendly trading environment with Vantage, making it potentially more attractive to new traders looking for comprehensive trading solutions.
| 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 mobile trading apps for iPhone and Android, catering to those who trade on the go. However, Vantage distinguishes itself by providing stock and forex price alerts, a feature not available with iFOREX. While neither platform offers watchlist symbol syncing, Vantage enhances the trading experience with 30 technical studies for charting, the ability to draw trendlines, view multiple time frames, and auto-save chart drawings. These features give users more flexibility and a comprehensive overview of the markets, which is absent in the iFOREX app.
When it comes to watchlists, Vantage allows the creation of lists with real-time quotes, while iFOREX does not. This real-time access can be crucial for traders looking to make swift decisions. Both platforms have received a four-star rating for their mobile trading apps, yet Vantage is ranked higher at #28 compared to iFOREX's #55 according to ForexBrokers.com. This suggests that while both apps are competent, Vantage's app may offer a more feature-rich experience suited for diverse trading needs.
| 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 Vantage and iFOREX, both brokers provide daily market commentary that can help traders stay attuned to current market movements. However, Vantage stands out by delivering forex news from high-caliber sources such as Bloomberg and Reuters, which iFOREX lacks. On the technical analysis front, Vantage provides tools from Autochartist and Trading Central, enabling a comprehensive analytical approach, whereas iFOREX relies solely on Trading Central for technical analytics. Both platforms offer sentiment-based trading tools that highlight the prevailing market mood by showing long or short positions across various instruments.
While neither Vantage nor iFOREX provides market research from TipRanks or research tools from Acuity Trading, they both offer economic calendars to keep track of global news events. When it comes to overall research quality, Vantage commands a higher rating with 4 out of 5 stars, compared to iFOREX's 3.5 stars. This is reflected in their respective rankings, with Vantage holding the 21st spot and iFOREX trailing at 48th, out of 63 brokers assessed by ForexBrokers.com. These differences highlight Vantage’s edge in offering more comprehensive research tools and news sources for informed trading decisions.
| 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 it comes to educational resources for beginners, Vantage clearly stands out compared to iFOREX. Vantage offers a rich variety of materials, with over 10 articles, videos, and recorded webinars focusing on forex and CFDs. They also host online educational webinars each month and provide access to an archive of past webinars, making it easy for beginners to learn at their own pace. In addition, Vantage provides at least 10 beginner-focused educational videos and even offers materials for advanced traders. This comprehensive approach is supported by an investor dictionary containing definitions for over 50 investing terms, helping newcomers to get acquainted with the trading lingo.
On the other hand, iFOREX falls short in several educational aspects. While it matches Vantage in offering beginner-level educational videos, it lacks in providing a wide array of educational materials focused solely on forex and CFDs. iFOREX doesn't offer regular webinars or a comprehensive archive of previous sessions, and it does not provide a dictionary filled with investing terms. This limited educational support is reflected in their ratings and rankings, with iFOREX earning 3.5 stars in education and a relatively low education ranking of 53 out of 63 brokers, compared to Vantage's 4 stars and rank of 24. For beginners prioritizing educational resources, Vantage clearly provides a more complete and accessible learning experience.
| 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 63 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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| 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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