The leading online broker based in Australia, VantageFX, caters to clients trading in a variety of ways, enabling them to access the international Forex market.
KAMPALA | LIFESTYLE UGANDA — A leading Forex broker based in Australia, Vantage FX offers a range of trading services for accessing the international Forex market. With award-winning customer service and a commitment to rapid transactions, VantageFX is a significant player in the online broker arena.
#1. Is Vantage FX legit?
It is regulated by the Cayman Islands Monetary Authority (CIMA) as well as the Australian Securities and Investments Commission (ASIC). Due to ASIC’s top-tier status, Vantage FX is considered safe and legit for traders.
#2. What is the minimum deposit for Vantage FX?
Trading at Vantage FX.com requires a minimum deposit of $200.
#3. How Long Does Vantage FX withdrawal take?
In most cases, credit/debit card refunds can appear on the statement between 3 and 5 business days after the money is credited. All withdrawal requests are processed Monday to Friday between 9am – 5pm.
Withdrawals received after 5pm will be processed the next business day.
#4. How do I withdraw money from Vantage FX?
The Vantage FX client portal offers an easy and secure withdrawal process to its customers. They can simply log in and select withdraw from the menu.
Australian clients normally receive the funds in their bank accounts the following working day. Overseas clients may need to wait several working days for the money to reach their accounts.
You can deposit funds by credit card, debit card, bank transfer, e-wallet, BPay, Skrill, Poli, and Neteller, usually within 60 seconds. Deposits via bank transfers or BPay usually show up in the account the day after they are made.
#5. Where is Vantage FX-based?
Vantage FX started in Australia but has established itself as an industry leader in technology, and today their live trading servers are located in major financial centres such as New York and London.
#6. Does Vantage FX offer negative balance protection?
There is no negative balance protection, but the leverage starts at 100:1 and can go up to 500:1. Withdrawals take 2 to 3 days to process, spreads begin at zero points (on some accounts), and there are no commissions for account servicing.
#7. Is Vantage FX an ECN broker?
Vantage FX offers RAW ECN liquidity, direct from the largest institutions in the world. The most cost-effective trading platform available to the Forex trading industry is now available at Vantage FX.
#8. Can I use Vantage FX in the US?
The commodities futures trading commission (CFTC) does not permit traders from the United States or Canada to use VantageFX due to the Dodd-Frank Act passed by Congress.
It started out as MXT Global before rebranding in 2015 as Vantage Global Prime Pty Ltd. VantageFX is a representative of Vantage Global Prime.
It was originally created for a predominantly Australian audience but has since grown to take in a global audience.
So whenever you’re ready to start trading at Vantage FX, just open a live account in less than five minutes.
Risk warning: You should keep in mind that trading forex and CFDs involves significant risk and can lead to the loss of your invested capital. Please read the legal documents carefully and ensure that you fully understand all risks involved before you make any trading decisions.