Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
Vantage FX is an innovative Australian financial services provider that strives to offer the best in online Forex and Binary Options trading solutions to Australian traders and globally. Vantage FX is regulated by the Australian Securities and Investments Commission (ASIC).
There are several accounts to choose from at Vantage FX. The Standard MT4 uses an STP execution and requires a minimum deposit of $100. To open a RAW live trading account, a $500 minimum is required. ECN execution is used with the RAW account. There are 40 currencies, 6 indices and 7 commodities to choose from in either of these two accounts. The third account is the MT5 Account which uses the MT5 platform, ECN execution and offers a choice of 32 currencies and Gold and Silver. $100 is enough to fund the MT5 account.
When doing this Vantage FX review, I was pleased to see that a demo account is offered for any of the three standard accounts described above.
Vantage FX offers a host of educational material. The Introductory Forex Guide is a seven part instructional tutorial that introduces the beginner concepts to trading Forex. There are also free MT4 and app user manuals that can be downloaded to any computer or smart device.
Videos include MT4 and chart analysis and a series of webinars are presented by binary options and Forex experts. Forex market news and an economic calendar are provided along with a daily market wrap-up.
Vantage FX offers interesting bonuses and promotions. A deposit of any amount between $1,000 and $200,000 into a new or existing trading account receives a 10% trading credit bonus. For every standard FX lot traded, Vantage FX will convert $2 trading credit bonus into real equity.
In their Refer-a-Friend program, existing clients that recommend Vantage FX to a friend or associate who open and fund a live account will have $100 funded into their live accounts.
In addition, at the time of this review, the company was offering to cover transaction fees on deposits made between the 8th January, 2015 and the 31st January, 2015. For funds deposited in a Standard MT4 or RAW Pro trading account with a minimum of $1000 within this promotion period, Vantage FX will cover fees charged by the merchant services provider NAB by reimbursing them to the trading account.
Also at the time of this review, Vantage FX was offering a free copy of Gary Norden's ‘An End to the Bull - Cut Through the Noise to Develop a Sustainable Career’ to Australian traders who open a new live trading account with them.
As an award winning company, Vantage FX provides traders access to a variety of platforms including the popular MetaTrader 4, available on both PC and Mac, and offers some of the tightest spreads in the market, sourced from a range of liquidity providers. Binary options are also available through the MT4 platforms and traders can even practice trading in binaries through a demo account.
Traders can also choose the MetaTrader5 platform at Vantage FX. Designed for Forex, CFD, futures and equity markets trading, the MetaTrader 5 platform has many features for the experienced trader including 29 analytical tools, 21 timeframes, one-click trading and more.
Customer support is available at Vantage FX 24/5 via email and telephone to an Australian number. Chat is also available during trading hours.
Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
Review info: VantageFX
Review Date: 2015-02-04
Rating : 2.5
Reviewed By : Sara Patterson (Google+)