Among the main online brokers located in Australia is Vantage FX which delivers a range of trading solutions, allowing clients to get into the global fx market. Benefiting from award-winning client support and with a dedication to delivering quick trades, Vantage FX is a great participant in the internet broker arena.
The business was founded in 2009 under the title of MXT Global, prior to being rebranded in 2015. Registered in Australia, the website was created chiefly to obtain an Australian audience.
Vantage FX Trading Platforms
The website uses mainly Metatrader applications, providing users access to MT4 and MT5 in addition to Markettrader, Webtrader (which does not need a download), programs for smartphone trading, MAM/PAMM, Zulu trading and MyFXBook Autotrade.
There’s an emphasis on robot trading, in which transactions are created automatically within predetermined parameters. Trading could be accessed either entirely on the internet or via the 24/7/365 support staff. They may be reached by telephone, email or live chat. Overall the website is quick and quite intuitive to use. Dropdown tabs provide simple access to the numerous markets and features out there.
Assets and Markets
Traders on Vantage FX can gain access to fx (38 currency pairs are offered); 24 distinct kinds of CFDs (transactions that don’t involve money); crypto-trading (as a portion of CFD); indices trading; and commodities trading.
Spreads and Commission
Normally, VantageFX.com is consistent with the majority of the other important players in the online trading business in regards to spreads and commission prices. The conventional STP account doesn’t draw in a commission, but spreads are noticeably bigger than those located on the Raw ECN accounts (commission-based). For the Regular STP account, a 1.4 indicative spread (EUR/USD) is quoted. For the Raw invoice, the total distribution is just 0.1 pips, but the fee is payable. Trial and Islamic accounts will also be offered.
Vantage FX Leverage
Access to the high degrees of leverage is restricted, with just some customers and accounts being qualified. Clients who would like to get high levels of leverage have to apply right to Vantage. Ratios are broadly based on what others are providing in the business, but traders who favor a greater risk approach may come across the 100:1 restriction constricting on occasion.
The website provides users access to official Metatrader programs that can be found in formats acceptable for both Apple and Android gadgets. The applications make it possible for traders to place fx transactions and to view real time prices in precisely the exact same manner as they can on a notebook or desktop. Traders can edit pending orders throughout the application, which can be synced with a trader’s other platforms to guarantee easy activity.
Deposit and Withdrawal
Traders can use Mastercard; Visa; Swift; BPay; Skrill; Poli; Neteller to deposit funds. Funds collected by a credit or debit card will usually be available in the wallet and be eligible for use within 60 seconds. Bank wire transfer or BPay deposits usually arrive at the account the day after depositing.
Withdrawals can be created either manually or on the internet. Withdrawals are processed every day. Typically, when the withdrawal request is received prior to 1200 AEST, the withdrawal will occur on the exact same working day. For requests received following this time, or in the event, the quantity of requests is especially large, the withdrawal will be processed the next day.
For Australian customers, the capital should generally be in their bank account from the next working day. Overseas clients might need to wait a few days for the money to come to their account.
Vantage FX Demo Account
An entirely functioning demo (trial) account alternative is available for fx trading.
VantageFX.com gives free instructions that cover these subjects: master fx; webinars; MT4 and MT5 guides; MT4 videos and smart trader video material. Additionally, traders may benefit from: the website’s fx signals through the email feature; hints to raise the trading accounts; trading alerts; pro advisors; complimentary fx VPS; financial calendar; 50 percent welcome bonus; MetaTrader4 indexes; fx opinion indexes.
Regulation And Licensing
The firm has a licence from ASIC, Australia’s stock and investment regulatory authority. However, they have since allowed that permit to lapse and are currently controlled in the Cayman Islands.
Vantage FX Account Types
Apart from having the ability to choose between a trial (demo) and also a live account, traders can start a single regular or Raw ECN account. Many investment options include mutual accounts, corporate account trading and confidence trading accounts (either as entities or as partnerships).
Additionally, there are also Islamic accounts (without a carryover) and Pro accounts, with greater leverage, but not as much regulatory protection.
This website does have award-winning client support, in addition to an appealing kit of promos. It’s especially appealing to newer traders or people wanting to maintain their degrees of risk and investment on the lower side.
VantageFX.com does not offer much additional value for seasoned traders or people wanting to embrace a greater risk plan: seasoned traders may see the upper limit of 1:100 leverage as a burden for a majority of clients.
Vantage FX Trading Hours
The website is available 24/7, with trading accessible when the relevant markets are available.
The service team could be contacted by: telephone (1300 945 517); email: [email protected]; or chat.
Security and safety
The business operates a trader compensation strategy and has identity insurance. The National Australia Bank is the place where the funds of the clients are held, in separate accounts.
Is Vantage FX A Great Choice?
This is a sensible platform for novice traders or people who would like to trade comparatively tiny quantities of money. Its added partners (Zulutrade and ChartIQ) additionally provide added variety and value to all traders. The RAW ECN account comes with an attractive rate of commission that could signify that it’s more rewarding to operate compared to the conventional offering. Aside from these features, there’s not much to differentiate it from lots of the other trading websites that are accessible online. More seasoned traders may prefer to decide on a website that favors bigger trades and also a bigger risk element.
Vantage FX accepts traders from Australia, Thailand, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.
Traders can’t use Vantage FX in the USA and Canada.