Vantage FX

Vantage FX Overview
Founded2009
PlatformMetaTrader4, MetaTrader4 for MAC, Binary Options Platform, Web Trader, Mobile Trading Apps, MAM/PAMM, ZuluTrade, MyFXBook AutoTrade
Minimum account sizeAU$100
Minimum lot size0.01
Tradable Assetsmore than 50 instruments
Maximum margin1:500
Spread on EUR/USD1 pip
Payment methodsCredit or Debit Card, International SWIFT, BPAY, POLi Payments, Skrill/ Moneybookers, Neteller, Broker to Broker Transfer
Demo accountUnlimited Virtual Money
Accepts Australian tradersYes, No American Traders thou !!
RegulatedASIC(Australia)
SupportMail, 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.

Vantage FX is licensed and regulated by the Australian Securities and Investments Commission. This is a better advantage compared to other brokers that are licensed by regulators from other countries because the financial authority that issued the license is actually based in Australia. A lot of forex traders also have more preference to this broker due to their excellent support and better trading conditions

 

Trading Platform

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.

Minimum Deposit

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.

Tradable Assets

Over 50 instruments can be traded on their platform. They have forex markets, indices and commodities with diversified choices.

Payouts

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 Time

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.

Customer Support

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.

Quoting Accuracy

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.

Pros

  • Regulated in Australia (ASIC)
  • Variety of payment methods supported
  • Tight spreads
  • Local support for Australian traders
  • Transparent Forex rebate program

Cons

  • Customer support not available on weekends
  • No American clients
  • Not Many CRyptocurrencies

 

 

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