Vantage FX Review
Vantage FXComing Soon Bonus
- Founded : 2006
- Min.Deposit : $100
- Payouts: up to 85%
- Markets : Forex, Commodities, Stocks, Indices
|Broker Name:||Vantage FX|
|Regulation:||ASIC and FSA UK|
|Payment Options:||Bank transfer, Credit Card, Global collect, Bpay|
|US Traders Accepted:||No|
Vantage FX Review – Experience Binary Options Trading Through MT4 Platform
Vantage FX is Enfinium’s online forex trading arm. Enfinium Pty. Ltd. is authorized as well as regulated by the Australian Financial Service License (AFSL #322081). Headquartered in Sydney, Australia, Vantage FX also offers a binary options trading platform without charging any fees or commission. Further, the broker maintains clients’ funds separately and securely with the National Australia Bank which is AA rated. A unique feature of the binary options trading platform offered by the broker is that it is linked with their MetaTrader 4 (MT4) platform through a real-time dual way connection which enables traders to combine binary options and margin FX trading with minimum effort under a single trading account.
Vantage FX Review – Trading Platform
Vantage FX enables binary options trading through MT4 2012 version. Therefore, traders who are using the older version of the platform will have to download the new version of Vantage FX’s MT4 in order to trade binary options. Within the new Vantage FX MT4 platform it is possible for traders to deal in binary options without leaving their MetaTrader 4 platform. Vantage FX’s live binary options trading platform powered by TechFinancials comes with an impressive range of tools which are easy to understand and implement.
In order to help the traders who are always on the go, the broker makes available mobile phone trading facility as well. Once the mobile app is downloaded on to the smartphone, the trader will be prompted to provide the log in details. The same username and password of the demo or live account can be used on the mobile platform as well.
Another feature is the WebTrader Platform which is web based. It connects directly to the clients’ MT4accounts. The key benefit of this platform is that no software download is required.
Further, Vantage FX has entered into a partnership with FX Copy, the new and free social trading network. FX Copy is also connected to MT4 to help traders interact, learn, follow and copy top traders.
Vantage FX Review – Opening An Account (Demo or Live)
Traders have two options: they can either open a demo account or a trading account. The risk-free demo account mirrors the environment of a live trading platform and comes with $20,000 virtual money. Prospective traders who download the 30-day MT4 demo account can access MT4 2012 as well as MT4 Classic and are eligible for a free download of MT4 user guide.
A live trading account can be easily opened by filling out a simple online application form. Once the account is opened, the trading software can be downloaded for free.
Vantage FX Review – Accounts
The forex cum binary options broker offers three types of accounts for their clients. These are:
• MT4 Standard Live Account (Minimum deposit required $500)
• Vantage Pro Trader MT4 Live Account (Minimum deposit required $2,000)
• MT5 Live Account
For the first two accounts, clients can choose from three different MT4 platforms based on their preference. These platforms are MT4 2013, MT4 Classic and MT4 for Mac.
According Vantage FX, they do not gain from clients’ binary options trades as there are no commissions on wins recorded by traders and binary options are provided as a free service to their forex clients (both demo as well as live account holders).
The minimum and maximum investment for a single option is $10 and $1000, respectively.
Vantage FX Review – Deposits
Clients can deposit funds into their trading accounts in several ways. Some options available are domestic bank transfers through National Australia Bank, BPAY, credit/debit cards (MasterCard and Visa), international swift transfers, and global collect payment gateway. Vantage FX accepts local bank transfers in more than 50 countries around the world. The base currencies in which deposits can be made are USD, GBP, JPY, EUR, NZD, AUD and SGD.
Clients who set up live accounts and deposit initially $1000, $2000 or $3000 are eligible to receive 10% cash bonus subject to a maximum of $300. Clients can withdraw the cash bonus after 90 days, if they have traded at least 60 lots on currency pairs.
Vantage FX Review – Trading Instruments
The forex-cum-binary options broker offers the following trading instruments:
• High/Low and Above/Below
• Touch/No Touch and High Yield Touch
• Boundary and High Yield Boundary
• 60 Seconds
Vantage FX Review – Payouts
FX provides binary options trades as a free service to their forex clients. The liquidity providers of Vantage FX take the opposite side of all the binary options trades executed on the brokers platform. Typically, the payout for in-the-money trades ranges from 80% for simple high/low trades to 300% for high-yield trades.
Vantage FX Review – Assets Offered for Trading
The broker offers underlying assets from currencies, indices and commodities for trading. The classification is as follows:
Currency pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/NOK, USD/SEK and USD/SGD.
Indices: DAX 30, S&P 500, FTSE 100, DJ 30, SPI 200 and Nikkei 225.
Commodities: Silver, Gold/JPY, Oil, Gold, Gold/EUR, Gold/Silver and Copper.
Stocks: Apple, Amazon, Facebook, NIKE, CITIGROUP, Amex, Baidu, Google, Coca-Cola, JPMorgan Chase, McDonalds, Microsoft, IBM, EXXON, ANZ, Sony, Sumitomo, ICICI Bank, Tata Motors Ltd., Vodafone, BP, Barclays, AXA, France Telecom, BNP Paribas, Societe General and Gazprom.
Vantage FX Review – Withdrawals
For withdrawals, Vantage FX does not levy any internal fees, but payments to or from overseas banking institutions are likely to attract transfer fees from intermediaries. Withdrawals are facilitated through bank wire transfers.
Vantage FX Review – Customer Support
The qualified customer support team serves its clients 24 hours a day for five days in a week through telephone, email and live chat. The platform and support are provided in multiple languages as well.
Vantage FX Review – Pros and Cons
• Payout for in-the-money trades is high.
• Offers a demo account.
• Enables binary options trading through MT4.
• Binary options and margin FX trading can be conducted through a single trading account.
• U.S. traders not allowed.
• Offers lesser number of currency pairs when compared with other brokers.
Vantage FX Review – Conclusion
Vantage FX has features that are of benefit to both new as well as experienced traders. The broker has won many accolades which stand as proof not only to their superior offerings to clients but also the customer services they provide. The varied and technologically advanced platforms and the high payouts they offer are sure to provide a great trading experience to their clients.