Vantage FX Launches Pro Account For Aussie Traders
Top forex broker, Vantage FX, has strengthened its offering for Australian traders with an account for professional investors. Eligible traders benefit from high leverage caps while retaining negative balance protection and segregated accounts with the National Australia Bank (NAB).
Vantage FX Pro Account
The new account will provide qualifying traders with leverage up to 1:500. Users also benefit from exclusive customer support and improved execution speeds. The result is an excellent user experience with greater trading capital and instant market access.
The Vantage FX Pro account offers varied leverage across assets:
- Forex majors – 1:500
- Forex minors – 1:500
- Gold – 1:500
- Commodities (excl. gold) – 1:100
- Major indices – 1:200
- Minor indices – 1:200
- Share CFDs – 1:20
News of the account comes as Australia brings in fresh leverage caps for retail CFD traders. The rules, introduced on 29th March 2021, capped retail leverage to 1:30 on forex majors and 1:20 on gold.
Pro Account Requirements
To qualify for the pro account, users need to meet the Individual Wealth Test and show they have either:
- A$2.5 million in net assets
- Gross income of A$250,000 for the last two consecutive years
Alternatively, clients can meet the Sophisticated Investor Test by:
- Completing the broker’s short online quiz
- Executing at least 30 trades per quarter (for any 4 quarters in the last 2 years)
- Trade a minimum of A$500,000 in each of the 4 quarters
Note, traders that do not meet professional account requirements can still trade under retail conditions, including zero pip spreads with the Vantage FX Raw account.
About Vantage FX
Vantage FX is a leading online trading broker based in Australia. Clients can trade using the MetaTrader 4 and MetaTrader 5 platforms on both desktop and mobile devices. Social copy trading is also available, along with automated algorithmic investing.
A long list of instant deposit methods is available, including debit and credit cards and e-wallets like Neteller. A free demo account and sign-up bonuses are also offered to new traders.
Vantage FX is already a popular trading broker and news of the pro account will tick the box for high-volume investors looking to trade with high leverage.