Better pricing, low commission and more transparency are keys to new trading account
SYDNEY, Oct. 7, 2013 /PRNewswire/ -- Sydney-based online forex broker Vantage FX is now offering a new trading account called Vantage FX RAW.
This account will bring the benefits of institutional pricing to more traders, as well as offering low commissions, dramatically reducing mark-ups and bringing more transparency to the way we trade.
Says Antony Goddard, Managing Director at Vantage FX, said, "the RAW account is about bringing the trading experience more in line with what our traders are looking for: competitive pricing, low or no spread mark-ups and very transparent commission structures."
"For example, commission for accounts being traded in $AU work out at $4 for every lot traded, or $8 for a round turn. That's a very simple calculation to make for any trader, unlike the variable structure many other financial providers use. We don't believe commission structures should be confusing, so we've made sure the RAW commissions are at fixed price points and are very transparent."
In addition to transparency, traders that open a RAW account will get access to Institutional Pricing normally reserved for brokers, banks or institutions and starting with spreads as low as 0.0 pips. This is made possible through Vantage FX's institutional grade liquidity which comes directly from some of the world's largest banks and institutions. While this will open up trading possibilities for anyone from small business traders to retail traders, Goddard believes this will be of particular interest to those trading high volumes or using automated trading/expert advisors.
"Because the RAW account pulls the institutional pricing into the same MetaTrader 4 platform as our other accounts in an ECN/STP environment, it means there's no dealing desk, no price manipulation, no requotes and no mark-ups. As it's working off a true price feed, you can take advantage of spreads starting at 0.0 pips."
With all that it's offering, Goddard is clear that the new account doesn't sacrifice other standard account features. "You don't lose any features with RAW," he says. "You still get the access to the same deep liquidity, Vantage FX's award-winning execution speeds and the ability to trade on your preferred technology platform or device. And that's not to mention the comfort traders get from knowing we're fully regulated in Australia and the United Kingdom."
Traders interested in trialling a RAW account can do so risk-free, with a 30-day free demo account available at Vantage FX's website.
