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Vantage FX is one of the few regulated binary options brokers that still accepts Australian traders in addition to all other traders (except US).
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Vantage FX Binary Options Broker Review:
The Vantage FX binary options broker is an all-in-one broker. Although it largely deals with Forex trades, the platform also does have a component that focuses on binary options trading.
This broker is based in Australia and deals with traders from numerous countries. Nonetheless, Vantage FX does not conduct trades with traders from the United States. The broker was first established in 2009. Although it was associated largely with the Forex market in the beginning, the broker soon began to gain ground in the binary options market.
| Broker Name | Vantage FX |
| Location | Vantage Global Prime Pty Ltd – Sydney NSW 2000 Australia |
| Regulation | ASIC |
| Website | www.vantagefx.com |
| Minimum Deposit | $100 for all traders |
| Minimum Trade | $10 |
| Depositor Bonus | Welcome Bonus |
| Maximum Payout | 200% |
| Free Demo Account | Yes |
Here is an in-depth look at how Vantage FX operates in regards to binary options trading:
Account Types and Special Features
At Vantage FX, you can choose between setting up two different accounts. Each of these will give you access to the binary options trading platform. This, however, is not all that is included. You will also be given access to other features including the Forex market.
- The most basic account is the Standard STP Trading Account. In order to have access to this account, you simply have to deposit a minimum of $100 when signing up. With this account, you will be provided with an entry to a platform consisting of over 112 markets. You will be able to engage in social trading and one click trading. With this account, you will not be charged a commission for any of the money trades that you may place.
- The second type of account is the Raw ECN Trading Account. This account is typically better suited to traders who wish to take part in high volume trades. In order to get access to this account, you will have to pay a minimum of $500. Here, you will have many of the same features as the STP account including access to the same markets. However, the execution type here will be ECN instead of STP. You will also be able to take part in one click trading and social trading. As long as you stick with just binary options trading, you will not face any trading costs.
Depending on which account you are interested in, you will have the option of trying out the demo version first. This way, you will be able to determine if the account is truly something that caters to your needs as a trader. If you are not satisfied, you can discontinue with the demo account. If you like the trading platform, however, you can simply switch to an actual account.
There is also a separate demo platform for those who would like to get the binary options portion of the platform. Here, you will simply have to sign up for the demo instead of registering. In addition, you will also be provided with $20,000 in virtual money to use in your demo account.
Licensing and Security Features of Vantage FX
Vantage FX is licensed by the Australian government. The broker also has many official affiliates. Vantage FX carries a license that has been issued by the Australian Securities and Investment Commission. All traders’ funds are held in accounts at the National Australia Bank to ensure that your money is secure.
Furthermore, this also ensures that your money is separate from the personal funds held by Vantage FX. Finally, the broker also has an insurance policy from SJ Catlin and Lloyds of London.
The Vantage FX Platform
Vantage FX offers a binary options trading platform that will appear familiar to seasoned traders. This trading platform is incredibly user friendly, allowing traders to quickly and efficiently place trades at just a moment’s notice. The information is also up to date, constantly providing traders with the information that they require. The trading options include High/Low, Boundary, One Touch, and Short Term Binary Options.
You can also make use of the Metatrader 4 trading platform which is more commonly referred to as MT4. Here, you will be able to access the binary options platform as well as utilize many of the other features offered by this broker.
Withdrawals and Deposits
With Vantage FX, you will be able to deposit and withdraw your funds through many different methods. For instance, you can choose to do this in more traditional ways such as credit cards, debit cards, and bank transfers. You can also use online payment methods such as Neteller, BPAY, POLi, and Skrill. You may also opt for a broker to broker transfer of money.
The minimum deposit on Vantage FX is only $100. The minimum trade is $10. The maximum return is up to 200%.
You should note that Vantage FX will not charge you any fees for either withdrawing or depositing money. However, you may be charged by the third parties that you are using. In this instance, you will be responsible for the payment.
Vantage FX is not wholly focused on binary options trading. Nonetheless, they do provide some considerable services in that regard. They also provide traders access to many different assets and markets. Perhaps one of the most important things, however, is that this broker is well certified and affiliated with many important and authorized entities.
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VantageFX Review: Account Types Special Features and Licensing
VantageFX offers two different account types for traders interested in binary options trading.
The Standard STP Trading Account requires a minimum deposit of $100 and provides access to over 112 markets social trading and one-click trading.
No commission is charged for trades placed with this account.
On the other hand the Raw ECN Trading Account requires a minimum deposit of $500 and is more suited for high volume trades.
Traders with this account also have access to the same markets as the STP account with the execution type being ECN.
VantageFX is licensed by the Australian Securities and Investment Commission and holds traders’ funds in accounts at the National Australia Bank for maximum security and protection.
The broker website offers a user-friendly binary options trading platform as well as the option to utilize the Metatrader 4 platform for additional features.
Deposits and withdrawals can be made through various methods including credit cards debit cards bank transfers and online payment methods like Neteller and Skrill.
VantageFX does not charge fees for deposits or withdrawals but third-party fees may apply.
Overall VantageFX provides a range of services and is certified by authorized entities making it a reputable choice for binary options trading.