Vantage FX

The Company. Security of Funds

In 2009 the company was established in 2009, FX has been a prestigious NDD broker that offers trading online in more than 70 currencies including a range of CFDs, as well as binary options. The broker has also added a variety of cryptocurrency options to its CFD offer: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.

The company that operates Vantage FX brand is based in Sidney. Vantage Global Prime Pty Ltd. It is regulated through the Australian Securities and Investments Commission (ASIC) in Australia.

Australia is now one of the major forex hubs around the world because of the favorable conditions that are available to both traders and brokers. Scalping and hedging is permitted as is the FIFO rule is not in place as there is no cap on leverage.

The Australian watchdog has specific guidelines and rules to license holders, with the most significant of which is minimal capital requirement, as well as the rule of money for clients The client’s funds should be kept in separate Trust accounts (separated from the business operating funds) and brokers who deal in forex must have at least 1 million in order to prove of their financial stability.

Australian FX broker regulations, however, doesn’t include any compensation program in the event the licensed business goes into bankruptcy. To find more brokers that are ASIC-regulated, visit this link.

Trading Conditions

Minimum Initial Deposit

Traders must deposit $200 before opening an account with VANTAGEFX, which is a standard starting amount. As a contrast ASIC-regulated XM will require the payment of $5, as well as FOREX.com – $250 for its Mini account.

Average Spreads & Commissions

As an NDD broker VANTAGE FX offers different spreads. The broker provides as usual for Standard STP commission-free account spreads of 1.4 on the EUR/USD currency pair that is the average spread of the market for forex. The spreads for accounts like the Raw ECN account however are extremely tight, and with an average of just 0.1 pip on EUR/USD. When you consider the commission that applies to this type of account ($3 in a typical lot for each) the average costs for trading for the EUR/USD pair is about 0.7 pip and this is a lot less than the average spread elsewhere, which is approximately 1.5 pips.

In contrast, XM also offers spreads that average 0.1 pip in the USD/EUR pair for its Zero account. It is charged $5 for a normal lot. It is possible to look over and compare the live spreads of fifteen top brokers here..

Maximum Leverage

Customers of VANTAGE FX can utilize leverage ratios of up to 1:500. The maximum leverage ratio is considered to be to be high. Certain countries have restrictions on leverage that are much lower than, i.e. 1:50 in the US and 1;25 in Japan. The majority of brokers offer leverage up to 1:200 or 1400 for instance, a global broker like FXCM which also holds the ASIC license, offers leverage up to 1:400and forex.com can provide leverage up to 1:200 for clients who are not in the US. However, a lot of brokers offer leverage ratios that exceed 1:500 such as XM provides leverage as high as 1:888.

Due to the risk associated with margin trading, the default leverage for VANTAGE FX amounts to 1:100. more leverage levels are available on the request of.

Trading Platforms

The broker allows investors to trade commodities, forex, and indices CFDs on CFDs on the MetaTrader 4 (MT4) platform as well as the MetaTrader five platforms.

MT4 includes every tool and resources that a trader requires: a variety available technical indicators built into the program advanced charting software and a variety of Expert Advisors (EAs) and a vast back-testing capabilities. EAs let you fully automatize trades, which means traders can just relax and let the program take care of the entire job. MT4 is accessible as a download for desktops and, in addition to mobile trading applications Web-based traders are also available on Vantage FX.

Since the majority of forex traders utilize VPS technology to ensure their Expert Advisors are running continuously, Vantage FX offers its clients a no-cost VPS solution under the condition that they achieve certain amounts of trading (10 normal lots per month on a Standard accounts or twenty standard loads for a ECN account). ECN account).

As we continue to be on the subject technological advancements, we ought to definitely be mentioning this SmartTrader tools package provided by the broker. It is amazing. This toolkit is available to all customers who have deposits that are at least $1000.

Additionally, Vantage FX has teamed with Zulutrade as well as Myfxbook’s AutoTrade to provide buyers two of the sought-after FX copy trading services that are that are available.

Vantage FX has also formed an agreement along with London Stock Exchange listed Tech Financial to give its clients access to the latest internet-based Binary Options Trading Platform.

Bonuses and Promotions

At the time when this review was written, this broker is offering its customers the following discounts:

FX rebates (10 percent bonus) when deposits are between $1,000 and $200,000

$100 referral bonus for every newcomer that creates an account at Vantage FX with a minimum amount of $1000 in deposit;

Rewards as a consequence being a member of PayBackFX: 0.3 pips or $0.75 per round-turn on accounts like the Stadard STP or RAW ECN accounts, respectively.

Methods of Payment

VANTAGE FX offers its clients the following withdrawal and deposit methods through credit/debit cards wire transfer, wire transfer, BPAY Neteller, Skrill.

Vantage FX does not charge any additional fees to customers for electronic withdrawals or deposits. However, it is important to note that Visa & MasterCard payments will result in a fee.

Conclusion

Vantage FX is a dependable and licensed NDD broker that offers competitive trading conditions to trade with various currency pairs and CFDs