Vantage FX Review
Get a $75 Cash Bonus ( min. deposit $500 )
Vantage FX was established in 2009 as a provider of premier foreign currency brokerage in Australia. After earning the reputation of a reliable Forex broker in the initial years, Vantage… moreRead Full Review
|Headquarters||Sydney ( Australia )|
|Support Number||13009455172 ( Australia ), 442071008625 ( UK ), 4001209301 ( China ) , 18884424106 ( Canada ) , 61289992044 ( International )|
|Support Types||Phone , Email , Live Chat|
|Languages||English , Chinese , Spanish|
|Trading Platform||Tech Financials ( Binary ) / MT4 Platform ( Forex )|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Promotions||Get a $75 Cash Bonus ( min. deposit $500 )|
|Free Demo Account||Open Demo|
|Regulation||ASIC - Australia ( AFSL No.428901 )|
|Deposit Methods||Credit Cards , Bank Wire , BPAY , Poli , Skrill , Neteller , Broker to Broker transfer|
|Number of Assets||+100|
|Type of Investments||Commodities, stocks, currencies and indices|
|US Traders Allowed|
- Low Minimum Deposit of $100
- Award Winning Australian Regulated Broker
- $75 Cash Bonus
- Free $50,000 Demo Account
- High Payout
- Superb Customer Service
- Easy to use Platform
- They don't accept traders from US
WARNING! Binary Options not available
Binary options product is not longer available on Vantage FX platform.
Check our list of regulated binary brokers.
Vantage FX was established in 2009 as a provider of premier foreign currency brokerage in Australia. After earning the reputation of a reliable Forex broker in the initial years, Vantage FX has diversified their service offerings and introduced binary options trading in the Australian market.
As an Australian Securities and Investment Commission (ASIC) regulated (ACAN 140 903 886 and AFSL No 428901) financial services provider, Vantage FX has partnered with top-notch banking partners who provides market liquidity to its clients from local and international clients in Australia.
They have their main office based in Sydney, which is located at Level 29, 31 Market Street, NSW 2000, Australia, with offices too in New Zealand and China.
While Vantage FX offers several online and offline trading platforms for their Forex platform, their binary options trading platform is a fully hosted solution. Clients only need a browser to access their binary options trading account and can execute trades from anywhere with an Internet connection.
Vantage FX offers their web based trading platform by partnering with Tech Financial, a London Stock Exchange listed company. Tech Financial has developed the trading platform to provide a unified trading environment for the clients of Vantage FX that offers “no dealing desk” trading environment, which means orders are placed directly in the market through liquidity providers.
Besides the cloud-based trading platform, Vantage FX has also developed mobile apps so that users can place trades via their brokerage account.
Types of Accounts
Vantage FX offers several types of binary options trading to their customers, including, High/Low, One Touch, Boundary, and other Short Term options. However, having an integrated trading platforms means that the clients can trade all of these various types of binary options from a single account, within the same trading platform.
Besides the live trading account, Vantage FX also built a demo platform and currently offers $50,000 worth of paper money to beginner binary options traders. Anyone wanting to test drive the trading platform and improve their trading skills before opening a live account should try the demo account offered by Vantage FX.
Assets Offered by VANTAGEFX for Trading
Vantage FX currently offers around 112 types of trading assets, such as Forex, Indices, Stocks, and Commodities for binary options trading.
Under Forex assets, Vantage FX has covered almost all the main currency pairs are available, such as GBP/USD, GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, NZD/USD, AUD/JPY, USD/CAD, EUR/GBP, AUD/NZD, AUD/CHF, EUR/AUD, GBP/AUD, NZD/CHF, GBP/NZD, USD/CHF, CAD/JPY, AUD/CAD, USD/MXN, CAD/CHF, CHF/JPY, USD/ZAR, USD/TRY, EUR/TRY, USD/NOK, EUR/NOK, EUR/CAD, EUR/ZAR, and USD/RUB.
Besides Forex pairs, Vantage FX also offers indices, including the Bombay 30, Nikkei 225, DAX 30 Future, FTSE 100 Future, DUBAI Index, NASDAQ 100, and the S&P 500 Futures.
Also, Vantage FX has included some individual stocks of leading global companies for trading. If you want to trade companies like Rio Tinto, Tata Motors, BP, Barclays, BBVA, etc., then Vantage FX is one of very few binary options trading providers who offers it.
Commodities traders are also accommodated by Vantage FX as they have covered several major commodities, including Oil, Gold, Silver, Platinum, Coffee, and Sugar. We also found that Vantage FX allows trading Bitcoin in their platform, which is very rare among binary options brokers in Australia.
Minimum Deposit Requirements, Offered Bonuses/Promotions
While researching for this review, we found that you only need a $100 minimum deposit to start trading with Vantage FX.
However, there is a minimum $10 per position requirement. The good news is that the maximum amount per trade varies according to asset types and that figure is pretty high compared to other binary options brokers in the market.
Here is a summary of the maximum allowed amount per trade for different asset types:
Vantage FX offers various promotional schemes throughout the year. Currently, they offer a $75 Cash Bonus ,a exclusive promotion for No1binaryOptions visitors. The requirement is a $500 minimum deposit.
They also are providing a chance to win a Samsung Note 7 or Galaxy Tab A as well as iPhone 7 and iWatch if you deposit a minimum $500 in your binary options trading account.
Furthermore, we also found that if you refer a friend who opens a live trading account with Vantage FX, you can earn as much as $100 bonus for each referred client.
Unlike other smaller brokers, They do not have a fixed payout ratio for all asset types, because they offer over 100 assets across several markets. However, having a variable payout ratio means that you can earn a lot higher payout on select trading assets. Currently, Vantage FX offers as high as 85% payout ratio to some of their most popular trading assets.
One of the cool features of Vantage FX’s trading platform is that before placing a trade, you can always confirm the payout ratio of the asset.
Deposit and Withdrawal Methods
As a new age binary options broker, Vantage FX offers several funding methods, including two popular e-wallet providers, Skrill and Neteller.
Besides e-wallets, Australian customers can also fund their live trading account via BPay and other local banking channels. However, international clients of Vantage FX need to send an international wire transfer, which may take several days to complete.
Also, Vantage FX accepts major credit and debit card, such as Visa and MasterCard.
While They are primarily focused on the Australian market, but their customer service can be reached by phone in several major markets, including UK, New Zealand, Canada, Singapore, Hong Kong and China.
If you are calling from Australia, you can simply dial 1300 945 517. However, international clients should dial +61 2 8999 2044 instead, during office hours (Monday to Friday, 9 AM – 5 PM).
If you are not in a hurry, then you can also email their customer service [email protected]
We also found that Vantage FX has a live chat option on their website, so you can also give them knock via chat.
Vantage FX Review: Summary
As financial regulations became strict in the United States, a lot of high-risk trading service providers have looked for more stable and liberal regulatory environments overseas.
The Australian Securities and Investment Commission (ASIC) is one of the few Western regulatory authorities who has offered a stable, but friendly regulatory oversight to foreign investors. As an Australian registered company regulated by ASIC, Vantage FX is one of the best binary options brokers in the world right now.
Also, their low minimum deposit requirement has made them the first choice for beginner traders, who also wants to enjoy the secure trading environment instead of trading with brokers registered in remote Islands.
Vantage FX may turn out to be a good choice if you are looking for a well-regulated broker that offers excellent service and a diverse range of trading assets.
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