February 19, 2020

VantageFX Review and Tutorial 2019

Among the primary online brokers located in Australia, Vantage FX supplies a variety of trading solutions, allowing clients to get the global Forex market. Benefiting from award-winning client support and having a dedication to delivering quick trades, VantageFX is a considerable participant in the internet broker stadium.
Business Details
VantageFX is the agent of Vantage Global Prime Pty Ltd.. The business was founded in 2009 below the title of MXT Global, prior to being rebranded in 2015. Registered in Australia, the website was created chiefly to get the Australian audience.
Vantage FX Trading Platforms
The site uses chiefly Metatrader applications, providing users access to MT4 and MT5 in addition to Markettrader, Webtrader (that doesn’t require a download), Apps for mobile trading, MAM/PAMM, Zulu trading and MyFXBook Autotrade.
There is an emphasis on robot trading, where trades are made automatically within predetermined parameters. Trading can be accessed either wholly online or through the 24/7/365 support team. They can be contacted by phone, email or live chat. Overall the site is fast and fairly intuitive to use. Drop down tabs give easy access to the various features and markets available.
Assets And Markets
Traders on VantageFX.com are able to access: Forex (38 currency pairs are available); 24 different types of CFDs (trades which don’t demand money ); cryptocurrency 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 Standard STP accounts doesn’t draw in a commission, but spreads are markedly bigger than those located from the Raw ECN accounts (commission-based). For your Standard STP accounts, an indicative distribute of 1.4 (EUR/USD) has been also quoted. For your Raw accounts, the average spread is quoted as only 0.1 pips, however, commission is not payable. Demo along with Islamic accounts will also be offered.
Vantage FX — True ECN spreads
To get VantageFX.com, leverage ratios begin in 100:1, climbing to a max of 500:1. Accessibility to the high degrees of leverage is restricted, with just some customers and balances being qualified. Clients who would like to get high levels of leverage have to apply straight to Vantage. Ratios are broadly based on what other people are providing in the business, but traders who favor a greater risk strategy may come across the 100:1 restriction constricting on event.
Mobile Apps
The site provides users access to this official Metatrader programs that can be found in formats acceptable for both Apple and Android apparatus. The programs make it possible for traders to set Forex trades and also to see real time prices in exactly the exact same manner as they can on a notebook or desktop . Traders have the ability to edit pending orders throughout the program, which can be synced with a trader’s other programs to make sure easy activity.
Deposit And Withdrawal Payment Options
Traders can deposit money with: Mastercard; Visa; Swift; BPay; Skrill; Poli; Neteller. Money deposited via a debit or credit card will typically be observable in the accounts and prepared to be used within half an hour. Bank wire transfer or BPay residue will generally get to the accounts the day when they are deposited.
Withdrawals may be created either manually or on the internet. Withdrawals are processed everyday. Typically, when the withdrawal request is received prior to 1200 AEST, then the withdrawal will occur the exact same working day. For requests received following this moment, or in the event the quantity of requests is especially large, the withdrawal will be processed the following working day.
For Australian customers, the capital should generally maintain their bank account from another working day. Overseas clients might need to wait a few days to get the money to achieve their account.
Demo Account
An entirely functioning demo (clinic ) consideration option is readily available for Forex trading.
Bonus Promotions
VantageFX.com delivers free education that covers these subjects: master Forex; webinairs; MT4 guides; MT5 guides; MT4 movies; MT4 smart trader films. Additionally, traders may benefit from: the website ‘s Forex signals through email attribute; hints to raise the trading accounts; trading signs; pro advisors; complimentary Forex VPS; financial calendar; 50% welcome bonus; MT4 indexes; Forex opinion indexes.
Vantage FX 50% Deposit Bonus Offer
Regulation And Licensing
The company obtained a license from ASIC, Australia’s regulatory agency for securities and investments. However they have allowed that permit to lapse and are currently controlled in the Cayman Islands.
Account Types
Apart from having the ability to choose between a dummy (clinic ) and also a live accounts, traders can open a single ordinary or Raw ECN accounts. Other accounts options consist of joint account, business trading account and Trust trading account (either as individuals or as a partnership).
Additionally, there are also Islamic accounts (without a carryover) and Professional balances, together with greater leverage, however not as regulatory protection.
This website will have award-winning client support, in addition to an appealing pair of promotions. It’s especially attractive to newer traders or people wanting to maintain their degrees of risk and investment in the end of this spectrum.
VantageFX.com doesn’t offer much added value for experienced traders or those wishing to adopt a higher risk strategy: experienced traders may find the upper limit of 1:100 leverage for most customers a burden.
Vantage FX Trading Hours
The site is open 24/7, with trading available when the relevant markets are open.
Contact Details
The support team can be contacted: by phone (1300 945 517); email: [email protected]; or live chat.
Safety and Security
The company operates a trader compensation scheme and has indemnity insurance. Clients’ funds are held at the National Australia Bank, in segregated accounts.
Why is Vantage FX A Good Choice For Day Trading?
That is a sensible platform for novice traders or people who would like to trade comparatively tiny quantities of money. Its added spouses (Zulutrade and ChartIQ) additionally provide added range and value to both traders. The RAW ECN accounts comes with an attractive rate of commission that could signify that it’s more rewarding to operate compared to 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 might prefer to decide on a website which favours bigger trades plus a larger element of danger.
Accepted Countries
VantageFX prevents traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar along with most other states.
Traders Can’t utilize VantageFX in United States, Canada.