Vantage forex is already a popular platform among users. Therefore, it rarely needs an introduction. However, for those who do not know, it is one of the leading Australian Forex brokers in the present times. Using this platform you can access a lot of things like Cryptocurrencies, Commodities, Forex markets, Indices and Shares CFDs. In fact, the company has its own reputation for providing safe and transparent access to the markets. As a result, it has already amassed a large user base.
However, it is not a newcomer to the market. In fact, it was founded back in 2009. Moreover, the team behind founding this company consisted of specialised and experienced persons in finance, technology and forex. The main aim behind founding this platform was to provide assistance to users regarding financial issues relating to trading and the forex market.
With these aims in view, the platform slowly went on to become an award-winning platform, with an equally famed customer support service. Therefore, if you wish to know more about Vantage forex then this article is a perfect stop for you. Keep reading the article and gather all the necessary information.
Benefits and Advantages
Vantage forex offers a host of benefits and advantages to its users. In fact, the creators of this platform took the demands of the traders into their minds while creating this platform. As a result this forex trading platform largely caters to the needs of its users. There are various beneficial aspects to Vantage, as mentioned earlier.
Firstly, it is highly transparent and is placed under strict regulations. Secondly, it allows the users to trade on powerful platforms like MetaTrader 4 and MetaTrader 5. Yet another interesting benefit of this platform is that the trading execution is super fast. In addition, it also lets the users trade cryptocurrencies, forex, commodities and indices.
Moreover, it also has raw ECN spreads from 0.0. In fact, it has a leverage of up to 500:1. It also is a top-tier liquidity provider. Therefore, with these interesting benefits and advantages, the platform is enjoying a greatly growing popularity and that seems absolutely fit.
Regulators and Licenses
The Australian Securities and Investment Commission is the regulatory body of Vantage forex. This is simply due to the fact that this company is based in Australia. As a result of this, the company strictly adheres to all the rules and regulations of ASIC.
One regulation of ASIC is Professional Indemnity Insurance. This insurance covers all the works of the employees, representatives, and authorized representatives of Vantage forex. In addition to this, Vantage Global Prime has the Australian Financial Services License number AFSL 428901.
Signing Up For Vantage forex
It is really an easy task to open an account with Vantage forex. For this, you need to sign up using a simple process. All you need to do is to fill up the online application form. After that, you need to add funds to the account using your preferred mode from a selection of around ten options.
Now, your account will be ready for trading. In fact, this means that you can literally start trading within minutes on Vantage.
Types of Vantage forex Accounts
When it comes to the account types, Vantage forex has three types to offer:
1. Standard STP Account
This account type is best suited for beginners. It provides direct, zero-commission and simple access to the market. This account uses the following base currencies- AUD, CAD, GBP, EUR, JPY, NZD, SGD, and USD. You also have to maintain a minimum balance of $200.
2. RAW ECN Account
This type of account is best for experienced traders looking for deep liquidity and spreads that are razor sharp. All eight currencies are supported by the account. However, the minimum balance here is $500.
3. PRO ECN Account
This account suits those professional traders the best, who deal in large volumes. It requires you to maintain a minimum balance of $20,000.
However, irrespective of the account type that you choose, you will get access to MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps for trading platforms. However, if you wish to change your account type in the future days, you can easily do that. You will only need to have the minimum balance required for the desired account.
Deposit, Withdrawal and Bonuses in Vantage forex
Vantage forex does not charge any fee for deposits. You can use debit or credit cards, BPAY, POLi, Neteller, Skrill, FasaPay and broker-to-broker transfers for deposits. In case of withdrawal, the original deposited amount has to be withdrawn using the same method as your deposit.
In matters of bonuses too, this platform is great. Firstly, it offers an 8.88 per cent cash bonus on the account balance. Moreover, at present, there are eight forex promotions running. These promotions include the likes forex rebates, an 8.88 per cent cash bonus, free forex VPS, MT4 Indicators and many other interesting bonuses.
Apart from all these interesting aspects, Vantage forex has yet another interesting feature. It offers various trading tools. The Smart Trader Tools Package brings it head to head with some of the big names in the trading industry. Any user who makes a deposit of $1000, will have free access to this package. This is, therefore, really an interesting aspect of the platform that puts it ahead of many of its competitors in the market.