VantageFX forex Broker
Company | Enfinium Pty Ltd. |
---|---|
Founded in | 2006 |
Online since | 2006 |
Offices in | Australia, United Kingdom |
Payment options | Credit Cards, Debit Cards and Wire Transfer |
Demo Platforms | Meta Trader 4 (Limited with 30 days) |
Account currencies | Australian dollar, Euro, Great Britain pound, Japanese yen, Singapore dollar, United States dollar |
Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NZD EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/JPY USD/SEK USD/SGD |
Regulated by | ASIC and FSA (UK) |
US Traders welcome? | No |
Website available in (languages) | Dutch, English, German |
Support available in | Afrikaans, Chinese, Czech, Dutch, English, German, Malay |
Support methods | Email, Live Chat, Office, Phone, Skype |
Account Types (micro standard executive islamic) | Standard |
Minimum account size | $1 |
Minimum position size | 0.01 lot |
Spread type | Variable |
Typical spread on EUR/USD, pips | 1 |
Minimum spread on EUR/USD, pips | 0.5 |
Scalping | Encouraged |
Expert advisors | Encouraged |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex – 1:500 |
Trading platforms | Meta Trader 4, MT4 Mobile (XOGEE) |
Digits after the dot in quotes | 5 |
Margin call level | 80% |
Stop-out level | 50% |
Number of currency pairs | 30 |
Bonus offers | Yes |
Trading contests | Yes |
Free education | Yes |
Personal manager | Yes |
Trading by telephone | Yes |
MAM accounts | Yes |
Segregated accounts | Yes |
Managed accounts | Yes |
Affiliate program | Yes |
Hedging | Yes |
Overnight interest rates (swaps) | Yes |
Trailing stop | Yes |
Pending orders | Yes |
Mobile trading | Yes |
Automated trading | Yes |
Enfinium Pty Ltd is known in the forex market by the name of VantageFX and has their office in Australia and United Kingdom. The company was founded in the year 2006 and started their internet based online trading service since then. They offer a host of features to their customers like bonus offers, trading contests, free education and personal manager. They offer PAMM, MAM, managed and segregated accounts to their clients. You also have the facility of putting the order through telephone. Affiliate program is also conducted for traders. Segregated account makes sure that the customer’s and the company’s funds are kept separate. They offer a number of tutorials to their customers which are available for free at the company’s website. The company is well regulated by ASIC, a regulating authority in Australia and FSA in U.K. You can have Euro, GBP, JPY, Singapore Dollar and USD as the account currencies. Their website is multilingual and is available in Dutch, English and German languages. Their customer support service is also multilingual and is available in 7 languages and can be reached through email, live chat, office, phone and Skype.
Demo account is made available to the customers for free of cost only for 30 days with Meta Trader 4 as the trading platform. For real trading they offer Meta Trader 4 and MT4 Mobile (XOGEE) as the trading platform. While the Meta Trader 4 is the most used trading platform in the forex market, MT4 Mobile is the version used for mobile trading. They offer only one type of account that is Standard account and the minimum deposit required to open an account with them is only $1 and the minimum position size is 0.01 lots. They also encourage the use of scalping and Expert Advisor for maximum profit. They have 30 currency pairs to trade in.
The reviews for VantageFX seem to be pretty good and they have many happy customers. Most of the reviews speak about their excellent customer support service and how responsive they are. Most of the traders have written that the execution of trade with VantageFX is very fast and that there is stability and security of funds. Many of the traders like their bonus offers and that they conduct training contests. Segregated accounts gives security to the trader’s fund as it is kept separate from the company’s fund. The minimum deposit required to open an account with them is just $1 which is liked by many small traders. They also encourage the use of scalping and Expert Advisor which is liked by many traders. A few of the cons is that they have very limited payment methods and lack of PayPal as one of the modes of payment. They allow trading only in forex and no other instruments. Some have mentioned that their trading platform can be spruced up a bit. However, the overall review is good and the average rating given to the company by its users is 3.4 out of 10.