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VantageFX is a forex and binary options broker with a valid Australian ASIC license. The broker is owned by the Australian company Vantage Global Prime Pty Ltd.
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Vantage FX Binary Options Review
Vantage FX is a broker that has been around for some time now. The broker was first established in 2009 in Australia. This broker began its endeavors as a Forex broker which is what it is quite famed for.Nonetheless, they did grow to include binary options trading among their services as well.
Now, several years later, Vantage FX has accumulated a considerable number of binary option brokers too. While Vantage FX deals with brokers from all over the world, it does not conduct trades with traders from the United States, however. This broker offers quite a few interesting options. Let’s take an in-depth look at Vantage FX for a better idea regarding the Australian broker.
| Broker Name | VantageFX |
| Location | Vantage Global Prime Pty Ltd – Sydney, Australia |
| Regulation | ASIC Australia |
| Website | www.vantagefx.com |
| Minimum Deposit | AU$100 |
| Minimum Trade | AU$10 |
| Welcome Bonus | Contact support. |
| Maximum Payout | 85% |
| Free Demo Account | Yes – $20.000 Demo Account |
Types of Accounts with Vantage FX
You can choose to set up one of two accounts with Vantage FX. These accounts are more than just binary options accounts, however. They also have other features such as FX trading. As such, you will be given access to other trading platforms as well, if you to choose to utilize them.
The account that is easiest to access is known as the Standard STP Trading Account. This is because it requires a lower minimum deposit. For just $100, you will be allowed to set up this account with Vantage FX. With this, you will be able to access numerous markets – up to 112, in fact.
In addition to binary options trading, you will also have the opportunity to take part in social trading as well as one click trading. Once you have set up the account, you can choose to engage in these activities as well. There is no commission involved with this account, even if you do make a profit on one of your trades.
The other account is one that requires a higher minimum deposit and is known as the Raw ECN Trading Account. As such, this is best for traders that are involved in high volume trades. With this account, the execution type is ECN instead of STP as with the previous account. For you to register with this account, you will have to deposit at least $500 in the beginning. You will have access to many of the same features that Standard STP account holders do. If you are engaged in just binary options trading, you will not be charged a commission. However, if you decide to take part in other forms of trading, you will be charged a 3 percent commission per lot.
One of the perks of using Vantage FX is the superb demo accounts that they provide traders with. You can choose to opt for the demo account that only strictly deals with binary options trading. You will be given $20,000 in virtual cash to learn your way around the trading platform. If you like what this platform has to offer, you will have the opportunity to choose to join one of the accounts.
There are other demo accounts as well, however. You can find a trial version of both the Standard STP account as well as the Raw ECN account on the website. You can try each of these options out before you make a decision regarding what is best for you. You will then be able to move on to the full length version of the platforms.
Vantage FX Certification and Licensing
One of the reasons that traders of all types are attracted to Vantage FX is because it is a credited broker. In fact, it is one of the few binary options brokers that can boast such credentials. The broker has received a license from the Australian Securities and Investment Commission (ASIC).
In addition to this, all of their clients’ funds are not stored with Vantage FX. Instead, it is stored with the National Australia Bank. This is done to make sure that the traders’ funds are kept secure and separate. Furthermore, these funds have also been insured by SJ Catlin and Lloyds of London. All of these measures prove that this broker is trustworthy and also greatly concerned with the safety of their clients’ funds.
Review of Vantage FX Trading Platform
There are two ways to access the binary options trading platform with Vantage FX. One of these involves directly heading to the trading platform. The outline of the platform is quite similar to the ones that other brokers use. As such, it is easy to understand and place trades with. Here, you will be able to choose from High/Low Options, One Touch Options, Boundary Options, and Short Term Options.
You can also use the Metatrader 4 trading platform. It is typically referred to as MT4. With this platform, you will be able to access your binary options trading as well as all of the other trading features available with Vantage FX.
Withdrawing and Depositing with Vantage FX
Vantage FX offers traders the options of withdrawing and depositing funds through a variety of methods. This can vary from bank transfers to debit cards and credit cards. You can also choose from Neteller, POLi, Skrill, and BPAY. There is also the option of broker to broker payment.
Vantage FX, as a broker, does not charge traders anything for either depositing or withdrawing money. However, depending on the method that you are utilizing, the third parties involved may charge you a fee that you will have to pay.
Is Vantage FX Good?
Vantage FX is undoubtedly one of the more licensed and regulated binary options brokers in the world. This alone makes them a good broker to deal with. When considering the additional services that they offer, including good customer service and strong trading platforms, Vantage FX is the perfect broker especially for Australian traders.