Binary Trading Boosts Forex
Managing Director sees evolution of trading style as reason
The Forex and Binary Options from the MetaTrader 4 account has seen the Vantage FX experience an expedited growth.
The Australian-based services provider has been offering the option trading since last year, however, the recent months have seen a strong surge in success through the method. Managing Director of Vantage FX stated that "Binary Options are undoubtedly a growth area for financial trading in Australia — the last quarter saw Vantage FX quadruple our volume of binary trades."
Vantage Clients are able to use the Forex and Binary Option trading through M54 accounts, and thus the rise in the BO trading has seen increases from the Forex trading system.
Enfinium, the Vantage FX parent company, has recently seen turnover of over 16 billion over the period between May of 2013 to June of the same year. That tally follows a 41% increase in Vantage FX's retail forex trading volume.
Goddard noted that he feels the development can be linked to the success of trading platforms, which have evolved to be wider, less standard, and higher in user appeal.
"Traders want their trading platforms to fit with their technology set," he 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.
Goddard also stated of the FX provider, "We realize 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 info-graphics 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."
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