Sydney – August 9, 2017
Vantage FX have become the latest Australian regulated forex broker to offer our clients the ability to trade Bitcoin on the MT4 platform.
By placing the BTC/USD market on our platform, traders with Vantage FX will be able to trade the cryptocurrency CFD immediately.
Director of Sales and Marketing at Vantage FX, David Bily, today spoke about why it was advantageous for clients to trade bitcoin on MT4.
“At Vantage FX, we’ve identified two issue with owning actual Bitcoin. First of all, it is hard to sign up to a physical cryptocurrency trading account, while secondly, security on their end is not yet guaranteed. This means that your holding is always vulnerable to attacks from hackers. By trading a Bitcoin CFD with Vantage FX, you never leave yourself open to these downsides.”
“Our 1:1 leverage offering is also by design. As a risk averse forex broker with the safety of clients funds at the forefront of everything we do at Vantage FX, we wont be providing high leverage on Bitcoin in order to protect our clients (as well as the firm) from the risky nature of a market that has flash crashed in the past.”
With the large price swings that Bitcoin is famous for in mind, if Vantage FX traders can harness the volatility and manage their risk appropriately, Bitcoin trading can still be a very attractive proposition.
As mentioned above, Bitcoin traders with Vantage FX are able to both long and short the cryptocurrency pair with leverage at this stage set at 1:1.
Trade Bitcoin on MT4 with Australian regulated forex broker, Vantage FX.
We are here to assist you 24 hours a day, 5 days a week, if you have any questions or require assistance with the above please do not hesitate to contact us using the details listed below.
For more information
Contact: David Bily
Phone: +61 1300 945 517
About Vantage FX
Vantage FX are a multi-award winning Australian Forex Broker providing innovative online Forex trading capabilities to clients globally. Vantage FX continually strives to provide a client-friendly, interactive Forex experience with trading accessibility across a variety of platforms all with the tightest spreads. Vantage FX was the first to offer combined Binary Options and Forex Trading on the one MT4 platform. Vantage FX is an authorised representative of Vantage Global Prime Pty Ltd (AFSL 428901) and regulated by Australian Securities and Investments Commission (ASIC).
Source: Vantage FX Blog