Are you in search of a well-regulated CFD and forex broker? If yes, then this article will surely guide you about one of the excellent forex brokers in South Africa. They offer trading in multiple numbers of financial instruments. Furthermore, after joining this platform, you will get the opportunity to have various trading platform choices. So, without any delay, let’s jump straight into the article.
Is Vantage FX legit and safe?
Vantage FX was established in 2009, and they have its headquarters located in Sydney, Australia. It is regulated by top-notch regulatory bodies such as the Australian Securities and Investments Commission(AISC), the Cayman Islands Monetary Authority (CIMA), and Financial Conduct Authority(FCA). In addition to this, every deposit is secured by Financial Service Compensation Scheme and Investor Compensation Fund.
Terms and Conditions of Trading
Vantage FX allows trading with many financial instruments such as Indices, Energies, shares, metals, cryptocurrencies, and Forex. Additionally, the offer trading in multiple currencies like USD, AUD, GBP, JPY, CAD, NZD, SGD, etc. If you want to start trading, it is essential to have a minimum of $200. On the platform of Vantage FX, you have three account type options; depending upon your preferences and needs, you can pick one. Here are the details about all account types.
Standard STP Account
The first account type we will discuss is the Standard account, and it is an ideal choice for novice traders who are striving to get direct market access with no commission. It would help if you had a minimum investment of $200 to begin trading using this account type.
Raw ECN
You can guess from the name that this ECN has no dealing desk. The floating spread of the Raw ECN account initiated at 0 pips in case of EUR/USD, The minimum deposit of this account is $500 bit higher compared to a standard account.
Pro ECN
PrO ECN accounts are designed for money managers and investors who saims to trade in big volumes. It is the most prestigious account type among all, and its minimum deposit is the highest, and its value is $20,000. Additionally, the leverage of Pro ECN is up to 500:1. In addition, their spreads start at 0.0 pips.
Trading Platforms
Vantage FX supports both trading platforms, MTF 4 and MTF5. Additionally, the Zulutrade Social Trading Platform and FX app are also allowed for trading. All these trading platforms are pretty famous, and they provide premium services to their customers.
Customer Help and Support
The Vantage FX broker provides customer support in ten languages, including Chinese, Malaysian, French, Cantonese, Hindi, English, Spanish, and Italian. Additionally, they offer assistance and support 24/5. You can contact them by various means such as Telegram, Live chat, telephone, and email. In short, we can say that their support is vigilant, resourceful, and responsive.
Pros
- Highly Regulated
- Extensive range of assets
- Great trading platforms
- Tight Spreads
Cons
- Market Analysis is limited
- The minimum deposit value is high.
Final Verdict
To wrap up the article, We would like to say that Vantage FX South Africa is a wonderful platform offering top-notch trading services. We are optimistic that this article will assist you in knowing the details about Vantage FX. If you have any queries, you can ask in the comment section.
