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Vantage FX, 24option abandon binary options in favor of forex, CFDs

Jul 07 2017
By
Jonathan Smith

Vantage FX, a forex and binary options broker regulated by the Australian Securities and Investments Commission (ASIC), said it is abandoning binary options and turns its full attention to its ECN offering of forex, commodities and indices trading.

 

According to the company statement, trading in binary options is terminated, effective immediately. The management's decision is based on the “recent global regulatory tightening and ever increasing hostile media views around binary options”. “The negatives now far outweigh the positives for Vantage FX”, said the broker in a publication on its site.

 

Instead, Vantage FX now offers its binary options clients seamless transition to ECN trading in forex and CFDs on the popular MetaTrader 4 platform.

 

“We always used binary options as a no-fuss market that new traders would start learning through and then transition to forex as they grew,” said David Bily – Director of Sales and Marketing, Vantage FX.

 

Vantage FX is based in Sydney. It offers trading on MT4 and automated trading through Myfxbook. There are also MAM/PAMM accounts and a 30-day free demo account. The minimum deposit is $100 and the maximum leverage is 1:500.

 

Meanwhile, 24option, a troubled Cyprus-regulated binary options broker, said it stops accepting new binary options clients and will start offering trading in forex and CFD instruments, reports the site Finance Magnates.

 

For the time being, the existing binary options clients can continue to deposit and trade, but, starting from this week, the broker will not accept new EU clients. From next week 24option will not sign up new binaries clients from the rest of the world.

 

New clients will be able to open and deposit into accounts for trading in forex and CFDs.

 

The latest news comes just days after another binary options broker – anyoption – said it will merge with Invest.com and will focus on the offering of forex and CFDs.

 

 

TAGS: vantage fx  24option 

More news about Vantage FX

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Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
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Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
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Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
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