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Vantage FX's Binary Options Quadruple, Forex Trading Volumes See a Rapid Growth As Well

Jul 26 2013
By
Forexbrokerz.com

Last year the Australian forex and CFD broker Vantage FX became one of the first companies to integrate binary options trading into the Metatrader 4 (MT4)  and Metatrader 5 (MT4) platforms. Less than a year after this integration, the binary business of Vantage FX seems to be doing especially well – since the launch of the service less than a year ago, binary options trading volumes have quadrupled. 

 
What's more, this impressive growth in the binary options department also drives forex volumes up – according to official company information, forex volumes have jumped up 41% on the back of binaries. 
 
Frankly, I am not quite sure whether this is really a correlation between the two products' popularity as they generally tend to attract different crowds, however it is a likely possibility as both services are available through a single platform and this accessibility definitely makes the cross-conversion process way easier. In fact, if Vantage FX is right, willingly or not it has given other brokerages a good recipe for success – put forex and binary options on the same screen and make it rain. 
 
Quite pleased by the end result, the broker's managing director Antony Goddard shares that there is an alternative reason for the increasing forex trading volumes – namely the fact that Vantage FX offers a trading platform with a wider and less traditional user appeal.
 
"Traders want their trading platforms to fit with their technology set," Goddard says. "For example, we knew that Mac users didn't want to use the PC version of MT4, so Vantage FX became one of the few traders to develop MT4 specifically for Mac. We've also developed mobile platforms specifically for mobile devices and launched FX Copy for online social trading".
 
Furthermore, the brokerage offer extensive educational resources, which is probably a strong attraction point for new traders as well. Goddard explains: "We realise that many people in the local market may be unfamiliar with Binary Options and, to a degree, Forex trading. That's why we've added an Education section to the Vantage FX website where anyone can access our free tutorials and infographics to learn about how trading works. We also offer free demo accounts where users get $20,000 of virtual funds to get hands-on practice in a risk-free environment. We want to show that, once you understand the basics, trading can be for everyone," he adds.
 
As I already mentioned, Vantage FX operates out of Australia – one of the countries where binary options trading is still very flexible because of the lack of regulation. Of course, this may change in the near future as we are currently witnessing a wave of country-specific legislative changes that consider binary options financial instruments and therefore empower many local regulators like the Cyprus Securities and Exchange Commission (CySEC) or the Financial Services Authority in Malta to oversee the business. A regulated market poses quite different requirements for its participants so the nature of the business may change in the foreseeable future – but nothing is certain yet. 
 
 

About Vantage FX

 
Vantage FX are a multi-award winning Australian financial services firm providing innovative online Forex trading capabilities to clients globally. Vantage FX continually strives to provide a client-friendly, interactive Forex experience with trading accessibilities across a variety of platforms all with the tightest spreads. Vantage FX are the first to offer combined Binary Options and Forex Trading on the one MT4 platform. Vantage FX is a Corporate Authorised Representative of Enfinium Pty Ltd (AFSL No. 322081) and regulated by Australian Securities and Investments Commission (ASIC).a
TAGS: binary options  binary options trading  binary options regulation  Maltese Financial Services Authority  MFSA  CySEC  Vantage FX  forex  forex trading  forex broker 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
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 MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

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