According to the VantageFX website, this broker is recognized as respected and transparent brokerage company that provides their clients with access to Forex and the binary options market. VantageFX is an Australian broker, regulated under the strict control of ASIC (Australian Securities and Investment Commission) under license AFSL No. 428901. In this VantageFX review, we have focused on providing information about binary options services.
VantageFX Account Features
This broker has decided to take a simple approach for offering binary options trading services. Traders are welcome to register with two accounts, the real VantageFX and demo VantageFX account. In order to get a demo account, traders don’t need to register with the VantageFX real account. VantageFX demo welcomes traders with all trading tools and resources that are available with the real account and 30 days of the training period. Demo account is only available for making virtual trades and traders don’t have the opportunity to earn real money. VantageFX demo account comes with 20,000 virtual funds.
Traders who decide to register with VantageFX real account can start trading with only a $100 deposit. This amount is considered to be below the trading entry amount. Real VantageFX account doesn’t have any commission from the broker, and traders are allowed to receive a $100 with a “Refer a friend program”. According to the support agent, we have spoken to, traders with a real account are welcome to use the demo account forever.
In our VantageFX review, we haven’t found any special bonuses for traders who trade binary options with this broker. In order to reward their traders with additional services, VantageFX has prepared some special promotions they offer for traders after they register and sign up for promos.
VantageFX broker provides very clear and understandable terms and conditions that have presented regulations for every type of available promotion. Every trader is welcome to read VantageFX terms and conditions before participating in any of promotions. This way, traders have full information about the trading rules with this broker.
VantageFX Trading Software
In our VantageFX review, we have found out that trading with this broker includes Tech Financial platform. According to VantageFX broker, Tech Financial provides a transparent binary options trading and it is considered as an absolute leader in this industry. We have also found the information that Tech Financial is listed on the London Stock Exchange under symbol TECH.
This trading platform is being regulated by CFTC, JFSA and ESMA. Brokers who provide both binary options trading and forex usually provide trading with the platform, which is not the case with VantageFX. This broker has decided to implement Tech Financial platform for binary options broker and this way enable a specialized trading platform that will be easier to handle with. For forex trading, VantageFX provides famous MetaTrader4 platform that is more convenient for trading with this type of options.
Besides trading on Tech Financial platform, trading with VantageFX is available on more than one browsers. Traders are welcome to trade from any web browser or download an Android or iOS mobile app. Mobile trading is available with smartphones and tablets which allow trading on the go.
VantageFX trading platform enables trading with over 112 markets worldwide. Traders can choose to trade with One touch, High/Low, Short term or Boundary options. There are various assets and expiry times available.
VantageFX Support Information
For all VantageFX clients, their Customer Support is available on live chat from 9 am to 5 pm, Monday to Friday. They are also available via email and phone for any information traders might need. VantageFX also recommends to new traders to go through their FAQ and Help Centre to find answers for general information regarding their account and trading options.
VantageFX also provides a 24 hours customer support from Monday to Friday for traders who need a swift response. Their help center offers a list of phone numbers in various countries where trading with VantageFX is available.
Beginner traders who are new to binary options trading can contact customer support if they need help creating their trading account, making a deposit and for other trading options available with VantageFX.
If traders forget their account information or password or are unable to access their account, VantageFX Support team needs to be contacted so they can reset the password.
Traders can also keep up with any VantageFX news on social media like Facebook, Twitter, Google+, Pinterest and LinkedIn.
VantageFX is a multi-award winning broker. VantageFX website has compiled a list of awards that they have received over the years. In 2016, VantageFX was awarded Forex Awards’ Best ECN Broker. According to VantageFX, this is due to their transparent trading conditions and low commissions. They have also received an award for Best IB Broker in 2016 because of their sustainable business plan as portrayed on their website. Evidently, 2016 has been a rewarding year for VantageFx. They have received another award for Best Customer Support.
In 2015, VantageFX received a recognition for the best ECN/STP Forex Broker. In 2012, VantageFX received an award for Best Forex Execution Asia Pacific and for best Forex Broker & Forex Execution House South East Asia. another award in 2012 was for the Best Forex Broker Australasia. In 2011, VantageFX was recommended for Forex trading. VantageFX received additional 4 awards in the year 2011; Best Forex Broker South East Asia, Excellence Award, Excellence Award for FX Services and Best Forex Broker Finalist.
VantageFX Company Information
In the VantageFX review, we have discovered this broker offers various payment methods for its trading clients. Traders are welcome to make a deposit and request withdrawals with different payment solutions. This also includes the possibility to choose among the available currencies for trading with VantageFX.
Traders that decide to deposit with Visa or MasterCard can do it with AUD, JPY, SGD, GBP, EUR, USD or NZD. Bpay allows payments only with local currency – AUD. Traders who are Neteller users are welcome to make deposits or withdrawals with GBP, AUD, SGD, USD or EUR.
For bank wire transactions, VantageFX traders are allowed to make a payment with NZD, JPY, SGD, AUD, USD, GBP or EUR.
Skrill/Moneybookers traders can choose between EUR, GBP or USD currencies. For local wire transactions, traders can use only AUD.
Broker2Broker allows traders to use NZD, GBP, USD, AUD, JPY, SGD and EUR.
VantageFX broker holds clients funds in a segregated bank accounts with National Australia Bank which is one of four largest Australian financial institutions. In order to undertake additional protections, VantageFX broker has signed indemnity insurance policy of 20 million with SJ Catlin and Lloyds of London.
The minimum deposit available with VantageFX is $100, and there are no limitations when traders make withdrawals. We like the fact there are no limitations regarding withdrawals because traders can withdraw the entire sum from their trading accounts. In VantageFX review, we have found out there are no additional fees when traders make deposits or withdrawals. However, it is important to point out that different banks may have additional charges on those transactions.
Australian traders can find the information on specific charges attached on the VantageFX website. The traders that want to be sure about the charges that are attached can contact their bank regarding this subject.
VantageFX broker is licensed by ASIC under number AFSL 428901. VantageFX is owned by the company Vantage Global Prime Pty Ltd.