|Platform||MetaTrader4, MetaTrader4 for MAC, Binary Options Platform, Web Trader, Mobile Trading Apps, MAM/PAMM, ZuluTrade, MyFXBook AutoTrade|
|Minimum account size||AU$100|
|Minimum lot size||0.01|
|Tradable Assets||more than 50 instruments|
|Spread on EUR/USD||1 pip|
|Payment methods||Credit or Debit Card, International SWIFT, BPAY, POLi Payments, Skrill/ Moneybookers, Neteller, Broker to Broker Transfer|
|Demo account||Unlimited Virtual Money|
|Accepts Australian traders||Yes, No American Traders thou !!|
|Support||Mail, Phone, Fax, Email & Live Chat|
Vantage FX was established in 2009. They are based in Australia and are regulated by the Australian Securities and Investments Commission (ASIC). Do they have the advantage or are they just an ordinary broker? Let’s find out in this review.
With an MT4 Forex trading account, you’ll have access to a selection of platforms that can be accessed on desktops, Macs, web browsers and mobile apps. They also have a high performance multi account manager MAM/PAMM and social trading solutions via MyFXBook AutoTrade and ZuluTrade.
Platform and Website Design
The platform designs are very simple and straightforward so the performance is never compromised. All the necessary elements and tools can be found on the main interface and are just a few clicks away. Overall, the layouts were fully optimized.
Upon registration a minimum deposit of AU$100 is needed to begin trading. This is not the lowest but a lot lower than what other most brokers require open an account.
Minimal Lot Size
Similar to most brokers, the minimum accepted lot size is 0. 01. Micro lots are allowed.
Over 50 instruments can be traded on their platform. They have forex markets, indices and commodities with diversified choices.
Their feeds are sourced from leading liquidity providers and banks which is why they are capable of offering low spreads even for the major currency pairs. The EUR/USD pair for example has a tight spread of 1 pip.
Withdrawal requests made before 12: 00 AEST are processed on the same day while those received after the cutoff are processed the next business day. Such speed is commendable because other agents take longer. What’s also notable about this broker is usually that they do confirmations through phone or email if a full balance withdrawal or perhaps amounts higher than AU$5, 000 has been made.
Deposit and Withdrawal Methods
Another notable advantage of this broker is usually that they accept a number of payment methods. They support credit and debit cards, Bank Wire Transfer including International SWIFT and BPAY, POLi Payments, Skrill/ Moneybookers, Neteller and even broker to broker transfer.
You have the choice to contact their customer service team by mail, telephone, fax, email or live chat. For Australian clients, they have a direct mobile phone support or you can even drop by at their office in Sydney if you have any questions or concerns.
Their nourishes are taken from leading liquidity companies and banks allowing traders to open, close, place and amend live positions and pending orders in real-time.
- Regulated in Australia (ASIC)
- Variety of payment methods supported
- Tight spreads
- Local support for Australian traders
- Transparent Forex rebate program
- Customer support not available on weekends
- No American clients
- Not Many CRyptocurrencies