Forex Brokers in South Africa
Quotex
Deriv
Exness
IQ Option
Hycm
Easy Markets
Vantage FX General Info South Africa
As is that the norm, all who wish to interact in trading with this broker first need to register and deposit funds. However, the primary advantage we noticed in our Vantage FX broker review is that their minimum deposit is about at $100 which is less than the $250 which most brokers have because the benchmark.
Minimum investment sum is additionally favourable and is $10 per trade. With this broker, all interested South African traders might hope to realize up to 85% returns.
Vantage FX deposit currencies are
- AUD,
- USD,
- EUR,
- GBP,
- CAD,
- SGD,
- JPY
- NZD
which certainly provides traders with a fine choice.
Traders from USD, Iraq, Nigeria, Iran and Afghanistan cannot participate in binary options trading with Vantage FX.
Vantage FX Trading Platform and Features
The first aspect which we found to be most vital for our Vantage FX broker review is their trading platform and features. We found that their choice of trading software isn’t surprising as they opted to use TechFinancials, a reputation well-known within the industry and employed by many binary brokers.
What South African traders can anticipate to may be a MetaTrader 4 trading platform which takes the standard and therefore the overall experience of binary options trading to an entire new level. it’s also possible to access over 112 markets via their platform.
With obvious attention to detail, Vantage FX trading platform made good use of colors as most vital details are highlighted by either green or red while the remainder of the platform favours grey and black.
The platform itself is straightforward and South African traders shouldn’t experience any issues in navigating it. Additionally, in our Vantage FX broker review we also found that there’s no need for traders to download the platform because it is accessible from any browser which makes it more convenient to use.
Considering their modern approach, it’s not surprising that Vantage FX also offers their registered traders many trading options in conjunction with expiry times and underlying assets.
Available trading options list the following: Short Term, Boundary, One Touch and High/Low.
Naturally, expiry times are dependant of the choice selected but South African traders will note that they include times which are as short as 60 sec and continue with 2 min, 5 min, 15 min, 30 min etc. Their underlying asset list is additionally diverse and contains 45 currency pairs, commodities and indices.
In our Vantage FX broker review we also determined they are doing offer one among the foremost interesting and desired trading features which is that the demo account.
In communication with their customer support we determined that the demo account freed from charge. All traders got to do if they need to use the demo account is to register, and that they aren’t required to form a deposit.
The reason why demo account presents such an enormous benefit is its practising purpose. Because the demo account, which has virtual funds rather than the important ones, presents a secure environment where inexperienced traders get to practice before the particular trading takes place.
The South African traders which might wish to use Vantage FX demo account just got to select “Demo Account” button which they will find within the right upper corner on the trading platform and provide the quality personal information (name, phone, email, country of residence) and which trading they need to try to to – Forex or binary options.
After that they’re going to tend instant access to the demo account.
In our Vantage FX broker review we also noticed they provide a mobile trading app, which may be an incredible trading tool for busy binary options traders. Their mobile app which uses MT4 platform is suitable for both Android and iPhone mobile devices. The app are often downloaded from Google Play store and iTunes.
Another advantage of this broker, which we also discovered within the course of our Vantage FX broker review, is their Education tab which holds amazing selection of helpful materials like webinars, MT4 manuals and videos and MT4 trading tools videos which suggests that traders can upgrade their knowledge and improve their trading skills at any time.
Along with English, Vantage FX platform is out there in Chinese too.
Vantage FX Account Types
The next stop in our Vantage FX review is reserved for his or her trading account types.They offer two sorts of accounts which are for Forex trading primarily, but both also support binary options trading.
Vantage FX Standard STP Trading Account
- Minimum deposit of $100
- STP execution type
- 0.01 lot minimum trade size
- Demo account – freed from charge
- Up to 500:1 leverage
- $2.00 AUD per lot rebate
- No commission
- Spreads from 1.0 pips
- VPS – free
- One-click Trading
Vantage FX RAW ECN Trading Account
- Minimum deposit of $500
- 0.01 lot minimum trade size
- Up to 500:1 leverage
- Spreads from 0.0 pips
- Commission – $3.00 per lot
- One-click Trading
- Raw ENC demo account – free