Vantage FX announced this month the addition of Bitcoin cryptocurrency to their MetaTrader 4 trading platform. In doing so, they have become the latest Australian regulated foreign exchange broker to add cryptocurrency trading to their clients.
We do realise this is the third post in a row we have done on cryptocurrencies. this is is a sign of increasing interest and popularity of the Crypto markets. However, we always aim to bring the latest news and offerings from the brokers listed at Online Brokers Australia, and hence why the last few posts have focused on the Bitcoin market.
Trade Bitcoin on MetaTrader 4
Many traders are turning to Bitcoin trading through a licensed Forex broker, rather than opening an actual bitcoin account. This is because the actual cryptocurrency account opening process, and executing a trade through 1 of the huge selection of cryptocurrencies exchanges can be difficult to understand and very time consuming. By choosing to trade Bitcoin with Vantage FX broker, you do not have to open a separate bitcoin account and can view bitcoin prices direct on the Vantage FX charts (rather than needing 3rd party charts). Simply fund your MT4 trading account and trade Bitcoin easily in one account with currency pairs, global indices or commodities markets.
By trading the Bitcoin CFD BTC/USD means that the trader will not be able to take delivery of the bitcoins, unlike in a Bitcoin exchange where they are delivered to the trader’s wallet.
Vantage FX bitcoin traders are able to go long, as well as short on the cryptocurrency pair BTC/USD. This means traders are not constrained in their bitcoin trading to only buy and hold trading strategies. The BTCUSD (Bitcoin CFD) leverage is initially set at 1:1.
The 1:1 leverage is also by design. David Billy from Vantage FX confirmed as a risk averse foreign exchange broker, VantageFX puts the safety of clients funds, as well as the company, at the forefront of everything they do.
Crypto markets are extremely volatile and so it is a conscious decision of theirs not to offer high leverage on Bitcoin. As always, we applaud brokerage firms that put the security of the brokerage firm and their client funds at the forefront of all decisions!
Vantage FX Bitcoin Specifications
In offering Bitcoin (Bitcoin to USD), Vantage FX joins Pepperstone, AvaTrade, Plus500 and others offering Bitcoin trading to Australian traders. Read our full Vantage FX review for all ECN / STP and DMA CFDs offered by this Australian regulated broker.
See our cryptocurrency broker comparison table for more information.