EXPERT’S VIEWPOINT

VT Markets is a forex and CFDs broker operating internationally in over 120 countries. The broker offers 40+ forex pairs and over 100 CFDs on stock, commodities, and market indices. This broker product offering is limited when compared to what most competitors offer.

Even so, users can access the majority of popular global stocks such as Facebook and Google and Market indices such as the S&P 500 and Nikkei225. Also available are top global commodities, including Gold, Silver, crude oil, and natural gas.

VT Markets qualifies as a low-cost broker offering highly competitive spreads and low commissions. The broker offers two types of accounts, namely the Standard STP Account and the Raw ECN Account. Both account types have a minimum deposit requirement of $200 and maximum leverage of 500:1.  The Standard STP account offers competitive spreads with a typical spread of 1.3 pips for the EURUSD pair.

Spreads are lower for the Raw ECN account with the typical spread for the same pair being 0.7 pips. However, the Raw ECN account also attracts a small commission. VT Markets charges swap fees on positions left open overnight. The broker doesn’t charge any deposit and withdrawal fees.

VT Markets only offers the MT4 trading platform. While this platform is what most traders prefer, it would be great if there was an alternative. Most of this broker’s competitors offer a proprietary trading platform. VT Markets also do not provide adequate educational resources, but this shouldn’t be a concern since there are a lot of high-quality free educational materials out there.

Overall, this broker seems like a good choice for any beginner and expert trader looking for a low-cost option to forex and CFDs trading.

VT MARKETS BROKER REVIEW

VT Markets is a hybrid broker founded in 2016. The broker is based in Sydney Australia and operates internationally with presence in over 120 countries. VT Markets is a brand name of the Vantage International Group (VIG).

The broker product offering includes forex and 100+ CFDs in stock, market indices, and commodities. Its trading terms are highly competitive with floating spreads starting from as low as zero pips and zero commissions.

VT Markets leverage differs with the asset on trade with standard STP accounts enjoying of up to 500:1. Regarding trading costs, this broker charges a swap fee for positions left open overnight, during the weekend, or during public holidays.

Forex swap rates depend on market conditions and the interest rates of countries of the forex currency pair on trade. VT Markets doesn’t charge deposit and withdrawal fees. However, traders must verify if there is a transaction facilitation charge on the side of financial institution facilitating the transaction.

VT Markets is regulated by the Australian Securities and Investment Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). This broker offers a $200 well come bonus on new trading accounts with a deposit of at least $500. New accounts with a deposit of less than $500 enjoy a bonus of $50.

WHO DOES VT MARKETS APPEAL TO?

VT Markets appeals to anyone looking to diversify their portfolios through forex and CFDs. The broker provides 40+ forex pairs and 100+ CFDs in stock, market indices, currencies, and commodities.

Most of VT markets competitors offer 300+ CFDs, and hence this broker may not appeal to those looking for a wide variety of assets. However, nearly all the major global offerings in stock, market indices, and commodities are available. This broker doesn’t offer any crypto CFDs and is hence not suitable for those looking for crypto exposure.

VT markets also seem fit for beginner and expert traders since it offers the MT4 trading platform. This platform is beginner friendly and comes with advanced features to support expert level trading. Moreover, VT Markets is suitable for social copy trading, given that it supports a wide variety of third party signal providers.

VT Markets also supports money managers through its Multi Account Manager (MAM) solutions. The MAAM solutions can be customized to meet any wealth manager’s needs. VT Markets has partnered with MetaFX to create a superior MAM/PAMM console. The administrative side of the console is taken care of by the broker leaving wealth managers to focus on trade management.

ACCOUNT TYPES

VT Markets offers two types of trading accounts, namely the Standard STP Account and the Raw ECN Account. The Standard STP account is the most basic and offers superfast execution speeds of the bandwidth of up to 100 GB/S. This level of speed is perfect for swing traders and scalpers.

Moreover, those trading under this account type enjoy direct access to institutional grade spreads and dark pool liquidity for enhanced liquidity. VT Markets Standard STP account offers tight floating spreads from as low as zero pips and zero commissions. The minimum deposit for the Standard STP Account is $200, and the maximum leverage is 500:1.

With the RAW ECN account, there is no markup on spreads, and they start from as low as zero pips. Traders are only required to pay a small commission of $6.00 per standard lot, per round. The execution speeds for this account type are also superfast and hence suitable for fast-paced trading.

You need at least $200 to trade with the RAW ECN account. Moreover, the maximum leverage is the same as the Standard STP account.

MARKETS AND TERRITORIES

VT Markets is an international broker operating in over 120 countries. As stated in the introduction, this broker is headquartered in Sydney, Australia. Moreover, it has offices in the Cayman Islands and Taiwan.

As mentioned earlier, VT Markets is regulated in Australia by the Australia Securities and Investment Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). ASIC is a tier-one broker respected across the globe.

VT Markets website and customer services are available in 9 languages, including English, French, German, Spanish, Portuguese, Vietnamese, Chinese, Spanish and Arabic. This broker is not available in the US, North Korea, Canada, Russia, CAR, Egypt, Yemen, Lebanon, Belarus, Libya, Mali, Tunisia, Zimbabwe,  Republic of Guinea,  and a few others.

VT Market products offerings include global stocks, commodities, and market indices. As we will see below, this broker provides top global stocks such as Facebook, Netflix, and Amazon.

VT MARKETS INSTRUMENTS AND SPREADS

VT Markets offers forex and CFDs trading. The broker provides 40+ FX pairs including majors, minors and a few exotics. VT Markets relies on its dark liquidity pool to offer tight FX spreads starting from as low as zero pips.

The typical spread for the EUR/USD pair for the Standard STP account was 1.3 pips at the time of publishing this review. Furthermore, the typical spread for the same pair with the RAW ECN account was 0.7 pips. This is highly competitive when compared to what competitors offer.

VT Markets offers over 100 CFDs in stock, forex, market indices, energies, precious metals, and soft commodities. Market indices include over ten global offerings including US2000, TW50, Nikkei225, S&P500, SPI200, DJ30, DAX30, CHINA50 and a few more. The maximum leverage to trading CFDs on market indices through this broker is 200:1.

VT Markets Energy CFDs offerings include Crude Oil, Natural Gas, Gasoline, UKOUSD, USOUSD, and Gasoil. The maximum leverage for crude oil is 500:1, Natural Gas 20:1, Gasoil 100:1, and USOUSD and UKOUSD 500:1. The spreads and commissions differ with the type of asset being traded.

Precious metals include gold and Silver offered at a leverage of 500:1. The typical spread for the XAUUSD with VT markets is 36.09 while that of XAGUSD is 27.97. Soft commodities offered by this broker include cocoa, coffee, cotton, sugar, and orange juice.

VT Markets share CFDs includes USD shares such as Google, Netflix, Amazon, and Facebook, and Hong Kong Shares such as Tencent, CCB, HANG SENG, CITIC, and many others. The commissions for share CFDs trading starts from as low as $6 per trade, and the maximum leverage is 20:1.

FEES AND COMMISSIONS

VT Markets fees and commissions depend on the type of account. The Standard ECN account doesn’t charge a commission but instead makes money through a markup on spreads. There are no spreads markups on the Raw ECN account, but commissions apply.

As mentioned earlier, VT Markets charges swap fees on positions left open overnight, during the weekend, or on public holidays. The swap charges depend on market conditions as well as the interest rates of the countries affiliated to the chosen currency pair.

This means that each FX currency pair has its forex swap charge. There is scanty information relating to VT Markets CFDs swap charges.  Regarding non-trading fees, this broker doesn’t charge any deposit fees for most methods. However, deposits through China Union Pay attract a 1.30% to 2.50% fees.

Some deposit methods such as bank transfer and Neteller may incur fees on the side of the financial institution processing the transaction. Withdrawals through most methods are also free, but intermediary transfer fees may apply. This broker hasn’t disclosed if they charge any inactivity fees.

VT MARKETS REVIEW – TRADING PLATFORMS

Like most competitors, VT Markets offers the MT4 trading platform. This trading platform is offered by about 90% of the brokers across the globe. Most offer it alongside a proprietary trading platform.

VT Markets doesn’t offer any proprietary platform, but this shouldn’t be a problem given that it provides multiple add-ons to enhance user experience. Traders with a deposit of at least $1000 enjoy a variety of MT4 plugins provided by Trading Central, a renowned third-party trading tools provider.

It’s worth noting that the MT4 trading platform is available in multiple versions, including web, desktop, and mobile. The web version is compatible with any browser, including Chrome, Mozilla, Safari, Opera, and Lynx. VT Markets MT4 desktop version is compatible with most operating systems, including Mac, Windows, and Linux.

The MT4 offers a wide range of trading research tools including 30 built-in indicators, 2000+ free custom indicators and 700 paid ones, 24 analytical objects, nine timeframes, and many more. Moreover, the platform is easily customizable to meet individual traders’ trade.

It also offers the ability to create Expert Advisors (EAs) for algorithmic trading through the MQL4/MQL5 wizard.

VT MARKETS MOBILE TRADING

The MT4 is available in mobile versions compatible with iOS and Android devices. You can download it for free straight from Google Play or App Store and link it to VT markets.

You can easily register for demo trading through the MT4 mobile app. However, you need to register on the VT Markets website first to access live trading through the mobile app. As we will see later in this review, the registration process is simple.

VT Markets mobile app comes with all features found in the web and desktop versions to allow users to trade from anywhere. You can do all the trading straight from your mobile phone, iPad, and tablets.

SOCIAL AND COPY TRADING

The MT4 supports copy trading through its 3200+ free and commercial signals. Traders can tap into the trading wisdom of expert traders by copying their trades.

Moreover, expert traders can make extra money by sharing their trades. The signals can be found on the signals tab of the MT4 trading platform. Furthermore, traders can easily identify high-quality signal provides since they are ranked according to their performance.

VT Markets may not be a good choice for social copy trading since it only offers the bare minimum. Most of its competitors offer alternative and additional social and copy trading tools such as Myfxbook, Mirror Trader, and DupliTrade.

CHARTING AND TOOLS

VT Markets offers the default MT4 comprehensive charting package. The charts are easily customizable to meet traders’ needs.

As mentioned earlier, the MT4 technical analysis tools include a wide range of free and paid indicators to allow traders to analyze the market of any complexity.

The 24 MT4 analytical objects include lines, Gann and Fibonacci tools, channels, shapes and arrows. These tools help traders to forecast future price dynamics, and they can be manually applied to indicator windows and charts.

The MT4 also provides fundamental analysis tools including an economic calendar and a regularly updated news portal.

TRADING EDUCATION AND RESEARCH

VT Markets only provides a daily market analysis page under its trading education section. The analysis offers market insights and forecast on different assets. We find the posts to be comprehensive and helpful to both beginner and expert traders.

Unlike most competitors, this broker does not provide trading guides or courses. There are also no webinars to update users on the latest market developments. This broker does offer an FAQ page, but it is not up to date.

Even so, the lack of educational resources shouldn’t you from trading with this broker. There are a lot of free and paid high-quality trading courses of all levels on the web.

TRADER PROTECTION BY TERRITORY

VT Markets is regulated in Australia by the Australian Securities and Investment Commission (ASIC) under license number 428901.  It is also authorized and regulated in the Cayman Islands by the Cayman Islands Monetary Authority (CIMA) under Securities Investment Business Law (SIBL) number 1383491.

Both ASIC and CIMA observe strict deposit protection measures such as deposit segregation. For the record, deposit segregation refers to the separation of the broker’s operating costs with clients funds.

This prevents them from using clients’ capita for any other purpose other than the intended one. VT Markets segregates its clients’ deposits through AA rated National Australia Bank (NAB). Brokers must have at least AUD 1 million to apply for the ASIC license. This is enough evidence that all brokers under their regulation are financially stable.

VT Markets is compliant to data privacy measures in Australia and other jurisdictions, including the EU. This broker is compliant to privacy measures instituted by the EU General Data Protection Regulation (GDPR).

HOW TO OPEN AN ACCOUNT WITH VT MARKETS

Registering a trading account with VT Markets is quite easy. Visit their website and select the live or demo account options. Fill the registration form as instructed and proceed by clicking the “Next” button.

You can also signup through your Facebook or Google Account. VT Markets platforms are encrypted to protect your data from online theft. Choose your preferred account type, the currency of trade, leverage, and the amount you would wish to deposit.

VT Markets require all users to verify identity. This is a mandatory KYC requirement among all well-regulated financial institutions. The process is meant to detect and prevent financial crimes such as money laundering.

You need to deposit at least $200 to trade with VT markets. The broker accepts account funding through debit/credit cards, bank transfer, Neteller, and Skrill. You can open a VT Markets demo account on their website or through the MT4 mobile app.

CUSTOMER SUPPORT

The VT Markets broker offer 24/5 multilingual customer support in English, French, German, Chinese, and Arabic.  You can contact them through the live chat feature on their website, email, or phone call. It takes a few minutes to connect to their agents through phone and live chat. You can also request a callback, but you will have to wait for several hours to be called.

Emails, on the other hand, can take up to 24 hours to get a reply. VT Markets is also reachable on social media platforms, including Facebook, Twitter, and LinkedIn. A background check on VT Markets customer care agents reveals that they are friendly and knowledgeable.

VT Markets customer services are integrated to ensure that clients get all help in one phone call, chat or email. This broker has physical offices in Level 35, 31 Market St, Sydney NSW 2000 Australia and Artemis House, 67 Fort St, Grand Cayman.

THE BOTTOM LINE

VT Markets is legit forex and CFDs broker founded in 2016 in the Caymans Islands. The broker offers 40+ FX pairs and 100+ CFDs on stock, market indices, and commodities.

VT Markets is authorized and regulated in Australia through ASIC and Caymans Islands through CIMA. The broker offers two types of trading accounts, namely the Standard STP Account and the Raw ECN Account.

You need at least $200 to trade with either of the two accounts. Moreover, the maximum leverage for both types of accounts is 1:500. VT Markets is a low-cost broker charging highly competitive spreads starting from as low as zero pips. The Raw ECN account offers the lowest spreads and commissions.

VT Markets charges rollover fees on positions left open overnight, during the weekends and on public holidays. This broker does not charge any deposit and withdrawal fees on most methods. VT Markets offers the MT4 trading platform only.

FAQS

How can I open a demo account on VT Markets?

It takes a few minutes to register a demo on VT Markets. Visit their website and fill the provided form to register a demo account. You can also signup for demo on the mobile MT4 by selecting the broker on the add broker tab.

Is VT Markets a regulated broker?

Yes! VT Markets is regulated in Australia through ASIC and in the Caymans Islands through CIMA. ASIC is one of the world’s most trusted regulatory authorities.

What bonus does VT Markets offer?

VT Markets offers a welcome bonus of $200 for new accounts with a deposit of $1000+ and $50 for accounts with a deposit less than that.

How do I withdraw money from VT Markets?

Fill the withdrawal form on VT Markets fund management page and wait for up to 5 business days for the funds to reflect in your bank account.