broker

VT Markets Review 2022

Updated:
4.1
Trust
3.0
Fees
4.4
Platforms and Tools
4.4
Customer Support
4.2
Tradable Instruments
4.7
Account Types and Terms
4.9
Deposit and Withdrawal
3.9
Research
4.3
Education
4.0

Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You don't own or have any rights to the assets that underly the derivatives (e.g. the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions. General Advice Warning: The information in this website is of a general nature only and any advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of any advice having regard to your objectives, financial situation and needs, and after considering the legal documents. Regional Restrictions: The information or services described in this website is not directed at or offered to residents of North Korea, Japan, United States and some other regions or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: This is a review of a Standard STP account opened with Vantage Global Prime Pty Ltd trading under VT Markets. VT Markets Pty Ltd is a trademark of Vantage Group. We evaluated the usability of the account, VT Markets’ general terms and conditions, and the performance of the MetaTrader 5 (MT5) platform – both the desktop and mobile app versions.

Data was collected between the 29th and 30th of August.

The Big Picture

VT Markets is a renowned derivatives broker with a strong international presence at some of the world’s biggest financial hubs and award-winning customer service. It offers multiple OTC solutions tailored for margin and spot trading. But, perhaps, the greatest attribute of VT Markets is that all of its services, from its wide range of instruments to its diverse account types, are very well balanced. This makes for a seamless experience for both beginners and advanced traders.

The broker’s fees are competitive because its ECN and STP accounts offer varying conditions that cater to the unique needs of different trader types. VT Markets also has probing research materials that break down current market trends and developments. The inclusion of the industry-renowned MT4 and MT5 platforms also enhances the overall performance of VT Markets.

Regarding the weaker aspects of the broker’s service, we found its educational materials, though very informative, not particularly diverse. With a more varied format, the content would be more easily accessible to a wider audience.

VT Markets Key Takeaways for 2022

  • We evaluated VT Markets across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • VT Markets scored high in the Accounts, Tradable Instruments, Fees, Research, and Platforms categories. The broker’s services are very client-oriented, accommodating traders with different experience levels, styles, needs, and goals on the market.
  • It scored above average in the Customer Support category. Help is available 24/7, and the agents are generally well-informed and polite.
  • The broker performed average in the Education as well as Deposit and Withdrawal categories. While traders are treated to an impressive assortment of educational videos, there have very few written articles and no webinars.
  • VT Markets scored low in the Trust category. Even though the broker’s primary entity has a very high level of protection, one of its offshore entities is unregulated.
  • Despite some minor discrepancies, VT Markets is a type of broker that is equally suited for beginners and advanced traders. Its rich assortment of research and educational videos provides a solid basis for traders with different experience levels, while its diverse account types can help them develop their edges.

Who is VT Markets For?

VT Markets’ service accommodates high-frequency/low-volume and low-frequency/high-volume trading because of several contributing factors. Firstly, the broker has two account types: STP and ECN. The former has floating spreads and no commissions, while the latter has fixed spreads and commissions. Based on how frequently and what quantities clients of the broker intend to trade, they can gain optimal conditions for their strategies.

Secondly, VT Markets’ extensive partnerships with leading industry firms enhance the overall user experience. The broker’s clients are treated to benefits such as sophisticated charting tools and trading signals. Given this wealth of supporting tools, we have determined VT Markets to be the type of broker that is perfect for both beginners and experienced retail traders with a keen interest in margin.

VT Markets Pros and Cons

Pros Cons
  • Very competitive trading fees
  • More than 900 instruments
  • Diverse account types
  • Excellent research materials
  • Incorporates MT4 and MT5
  • One offshore entity is unregulated
  • No educational webinars or a comprehensive course

 

broker

Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You don't own or have any rights to the assets that underly the derivatives (e.g. the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions. General Advice Warning: The information in this website is of a general nature only and any advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of any advice having regard to your objectives, financial situation and needs, and after considering the legal documents. Regional Restrictions: The information or services described in this website is not directed at or offered to residents of North Korea, Japan, United States and some other regions or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

 

About the Author

Plamen Stoyanov
Personal Name: Plamen Stoyanov Author with FX Empire since March 2022 Education and Work Information Education: BA in Economy and International Relations
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
VT Markets Main Features
☑️
Regulations
ASIC (Australia), CIMA (Cayman Islands)
🗺
Supported Languages
English
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Futures, Crypto
💵
Min Deposit
$100
💹
Max Leverage
1:500 (ASIC), 1:250 (CIMA)
🖥
Trading Desk Type
ECN, STP, Dealing Desk, No dealing desk
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Check if...
unknownVT Markets accepts clients from your country:
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Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You don't own or have any rights to the assets that underly the derivatives (e.g. the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions. General Advice Warning: The information in this website is of a general nature only and any advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of any advice having regard to your objectives, financial situation and needs, and after considering the legal documents. Regional Restrictions: The information or services described in this website is not directed at or offered to residents of North Korea, Japan, United States and some other regions or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

VT Markets Full Review

Trust

3.0
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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VT Markets scored low in the Trust category mainly because one of its offshore entities is unregulated. Even still, VT Markets Pty Ltd is authorized by a top-tier regulator – the Australian Securities and Investments Commission (ASIC) – and adheres to all essential industry standards.

VT Markets Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare each entity’s different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what we found concerning the several entities operating under Vantage Group:

  • Vantage Global Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL number 428901. ASIC ranks as a Tier-1 regulator on our system.
  • Vantage International Group Limited is authorized and regulated by the Cayman Islands Monetary Authority (CIMA) under Securities Business Law (SIBL) number 1383491. CIMA ranks as a Tier-3 regulator on our system.
  • VT Markets LLC is registered as a Limited Liability Company with St. Vincent and the Grenadines Financial Services Authority (SVGFSA), under registration number 673 LLC 2020. The entity is not regulated by SVGFSA.
Vantage Global Prime Pty Ltd’s licensing information on afsl.com

We have summarized the essential aspects of VT Markets’ entities in terms of regulation and safety in the table below:

Entity Features Vantage Global Prime Pty Ltd Vantage International Group Limited VT Markets LLC
Country/Region Australia, New South Wales Cayman Islands, Grand Cayman St. Vincent and the Grenadines, Kingstown
Regulation ASIC CIMA Unregulated
Tier 1 3 NA
Segregated Funds Yes Yes Yes
Negative Balance Protection Yes No Yes
Compensation Scheme Yes* Yes Yes*
Max. Leverage 1:500 1:500 1:500

*In the form of professional indemnity insurance

Why is it Important to Know Where Your Broker is Regulated?

Regulators mandate brokers to comply with national laws and international directives, however, there can be discrepancies due to differences in regional legislation. This may result in more relaxed requirements for brokers in some parts of the world than in others due to less stringent regulatory oversight. That is why traders need to be aware of the specific protections their broker guarantees under the supervision of its particular monitoring body.

We have broken down the most important safety features traders need to look out for in a broker:

  • Segregation of client funds. Brokers need to keep their corporate finances in separate bank accounts from the ones they use for their clients’ funds in order to negate the risk of accounting errors. All entities operating under the Vantage Group comply with this requirement.
  • Negative balance protection. Negative balance protection, in essence, ensures that a trader’s incurred losses cannot exceed their account balance. Both Vantage Global Prime Pty Ltd and VT Markets LLC have this policy, while Vantage International Group Limited does not.
  • Compensation scheme. In cases where conflicts of interest between the client and the broker cannot be resolved internally, a compensation scheme protects the client against the company’s liabilities and credit risks. VT Markets’ clients are protected by professional indemnity insurance.
  • Maximum leverage. A cap on the maximum leverage that traders can use on the platform, though restricting their potential profits, limits their maximum market exposure. This is especially important for less experienced traders. Generally, more conservative regulators would mandate a narrow cap on the maximum leverage. The three subsidiaries of Vantage Group offer a maximum leverage of 1:500, which exceeds the industry average.

Is VT Markets Safe to Trade With?

Vantage Global Prime Pty Ltd is a very safe entity. It is regulated by a globally renowned body (ASIC), and it adheres to the main safety standards in the industry, such as keeping its clients’ funds in separate accounts and having a negative balance protection policy. And even though its cap on the maximum leverage allowed for retail traders is rather high, it is ultimately up to the trader to control how much market exposure they have by choosing the most suitable leverage for their goals and needs. Finally, VT Markets’ decision to issue professional indemnity insurance, even though it is not mandated to do so by a regulator, illustrates the broker’s reliability.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big is the company, and how transparent is it in terms of readily available information.

Vantage Global Prime Pty Ltd has operated for 6 years, in which time the company has established itself as one of the better-balanced and reliable brokers in the industry. The award-winning Vantage Group boasts an impressive 200,000+ active accounts and more than 4 million executed trades per month. And even though the broker is fairly transparent, we discovered some minor discrepancies in the way information is presented on the website.

Firstly, the website does not provide enough information about professional indemnity insurance, such as its size and who underwrites it. Clients of the broker have to inquire further about it by contacting the support team. Secondly, the live spreads section on the website does not actually have a feed where current quotes can be checked. To do so, a trading account must first be opened. Thirdly, the website does not indicate that cryptocurrency trading is available on the platform.

Despite all of this, however, VT Markets has no major issues with accountability or transparency. And in other aspects, the broker tends to be more straightforward than others. A chief example of this is all the extra information presented in relation to the custodian bank where client funds are kept in segregated accounts.

In summary, our findings indicate that VT Markets can be regarded as having a good level of trust and stability due to the following factors:

  • Licensed by a top-tier regulator (ASIC).
  • Has a negative balance protection policy and segregated client funds.
  • It has issued professional indemnity insurance.

Fees

4.4
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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VT Markets scored high in the Fees category. The spreads are low to medium compared to the broader industry, and commission-free trading is also available. Moreover, VT Markets’s non-trading charges are quite low. The broker’s various fees as a whole are very competitive.

VT Markets offers raw spreads on an ECN account starting from 0.0 pips, while the spread markup on a Standard STP account starts from 1.2 pips. The spreads on instruments from most asset classes are low, as the spreads on characteristically volatile instruments, such as indices, are average compared to the industry. Meanwhile, the fixed commission of $6 per round turn on Raw ECN accounts is also pretty standard.

Notably, the broker does not charge any maintenance or dormancy fees making its trading conditions even more competitive. You can read about VT Markets’ fixed and floating fees here.

VT Markets Trading Fees

VT Markets’ Spreads

We tested VT Markets’ spreads during the most actively traded times – during the London open at 8 AM GMT and just after the U.S. open at 2.45 PM GMT. The test was conducted on the 30th of August 2022.

Instrument Live Spread AM Live Spread PM
EURUSD 1.3 pips 1.3 pips
GBPJPY 2.2 pips 2.1 pips
Gold (XAUUSD) 29 pips 27 pips
Crude Oil 0.05 pips 0.05 pips
Apple NA 0.42 points
Tesla NA 0.58 points
Dow Jones 30 5 basis points 1 basis point
Germany 40 0.5 basis points 4 basis points

VT Markets’ spreads on FX majors, which are especially popular among beginners, are low to medium; on commodities, the spreads are low to high; on CFD shares, the spreads are low to average; and on indices they are average. The spreads on even more complex instruments, such as indices, do not exceed the industry average, underscoring the competitiveness of VT Markets’ fees.

VT Markets’ Swap Rates

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full contract (100,000 units) of the base currency.

Instrument Swap Long Swap Short
EURUSD Charge of $9.67 Credit of $4.26
GBPJPY Credit of $4.99 Charge of $12.2

The swap rates of VT Markets are low to medium compared to the broader industry, even at times of heightened market volatility. The broker also offers swap-free Islamic accounts, which do not charge a rollover. You can read more about the possibility of opening such an account here.

VT Markets’ Commissions

VT Markets charges a fixed commission on its ECN accounts, which have raw spreads starting from 0.0 pips. The round turn commission is set at $6 per 1 lot (100,000 units of the base currency). Round turn commission means that $3 is charged for opening a position, and an additional $3 is later charged when the position is closed.

VT Markets’ Non-Trading Fees

There are no inactivity fees meaning that accounts can lay dormant for a period longer than 6 months without incurring any extra charges. The only non-trading costs for clients of the company may be withdrawal charges in some cases.

Are VT Markets’ Fees Competitive?

VT Markets’ fees are indeed very competitive owing to several contributing factors such as the possibility of swap-free trading and generally low spreads. The absence of other non-trading costs represents another advantage.

Platforms and Tools

4.4
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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VT Markets was awarded a high mark in the Platforms category. The broker incorporates two of the most renowned trading platforms in the world – MetaTrader 5 (MT5) and its predecessor MetaTrader 4 (MT4). It offers a wide range of tools that enhance the overall trading experience, however, the desktop versions of the MT4 and MT5 platforms are available only for Windows.

The two platforms consist of an impressive selection of charting and drawing tools, order types, and other secondary supporting tools, all of which make for a seamless trading experience. Technical traders can study price action behavior from multiple different angles, while VT Markets’ best execution policy ensures that their orders are always filled at the best possible prices.

The general ease of use of the platforms is enhanced by the inclusion of such features as one-click trading and social and automated trading. This is achieved with the help of VT Markets’ multiple partnerships with third-party companies. For instance, those interested in social trading can take advantage of Zulutrade, whereas MT4 users looking for automated trading can make use of the Expert Advisor (EA) option.

And while the web trader and desktop versions of the two platforms afford great flexibility, the mobile app versions of MT4 and MT5 are somewhat more cumbersome to use, given that they have to be run on small-screened devices. Their design as a whole is more rigid making it more difficult to navigate the different sections of the application.

VT Markets’ Desktop MT5 Platform

The desktop version of VT Markets’ MT5 platform

General Ease of Use

The platform is very easy to navigate due to its familiar design. The chart occupies most of the screen, while the majority of the tools are situated near the top. Traders can populate the watch list on the left side with their favourite instruments, while a strategy tester and account information can be accessed near the bottom of the platform.

Everything can be accessed fairly easily requiring no more than several clicks. The chart itself is rich in detail and captures the essence of price action. Those unfamiliar with the platform can access a couple of built-in video guides by clicking the ‘Help’ button in the menu.

Charts

A chart is only as good as its capacity to illustrate price action behaviour clearly and concisely. Traders use the different tools integrated into the chart to make sense of uptrends, downtrends, and ranges. That is why diversity and flexibility of the built-in tools are so important when it comes down to determining the functionality of a chart.

Here is what we found out concerning the available features of VT Markets’ MT5 platform:

  • Trading indicators. The platform consists of 38 trend-based and volume-based indicators, oscillators, and Bill Williams indicators, all of which can be used in different market environments.
  • Drawing tools. There are also 24 different drawing tools, such as trend lines, channels, Fibonacci retracement levels, Gann structures, and Elliott waves. These are used to determine key support and resistance levels as well as potential breakout and breakdown points within an established trend.
  • The platform consists of an impressive 21 different timeframes affording traders an intricate outlook on short-term and long-term price action behavior. This assortment exceeds the industry average and allows for the implementation of a wide range of trading strategies – from scalping to position and day trading.
  • Chart types. The platform has only three variations, which is somewhat limiting, even though the most popular types are present. Price action can be represented as a line, using bars or candlesticks.

Orders

Here is a list of the order types currently available on VT Markets’ MT5 platform:

  • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled.
  • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
  • Stop-loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

VT Markets’ Mobile App

The mobile app has a more rugged design than its desktop and web trader versions because it is made to run on low-resolution devices. This inherent shortcoming precludes the possibility of executing sophisticated technical analyses on smartphones.

The mobile app also has fewer trading indicators and drawing tools. Despite all of these drawbacks, however, the app is quite adept at serving its primary purpose – allowing traders to make quick adjustments to their underlying positions on the go.

General Ease of Use

The app has several main components, including a charts window where price action can be observed; a quotes window essentially representing a watch list of selected instruments; and the trade window where orders can be placed.

Even though the charts window provides a very limited outlook into price action behavior, the app’s general ease of use is enhanced by various well-accessible components. .

The chart section (on the left), the watch list of available instruments (in the middle), and an order execution screen (on the right)

Charts

This is a list of the available chart features:

  • Trading indicators. There are only 30 trading indicators compared to the 38 available on the platform’s desktop version. However, this is not such a big issue since trading apps are not intended to accommodate penetrating technical analyses in the first place.
  • Drawing tools. The mobile app consists of 21 drawing tools, 3 short of the desktop and web trader versions. But this lack of variety is not a major problem since drawing tools are most effective when used on high-resolution devices.
  • Timeframes. Perhaps the biggest difference between the mobile app and the desktop version of the platform is with regard to the available timeframes. The former has only 9, while the latter consists of the impressive 21 different timeframes.
  • Chart types. Price action can be represented in one of three ways – as a line, using bars, or candlesticks.

Orders

And here is a breakdown of the underlying order types, the same as the ones available on the desktop and web trader versions of MT5:

  • Market orders. The most popular order type in the industry, market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling.
  • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
  • Stop-loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction.

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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VT Markets scored very high in the Tradable Instruments category. With over 900 instruments that can be traded on VT Markets’ STP and ECN accounts, traders are afforded a great degree of flexibility. They can choose from CFD currency pairs, commodities, shares, indices, cryptocurrencies, and ETFs.

With this huge assortment, VT Markets clients can select between high-yield/high-risk assets and lower-yield/lower-risk securities. This variety allows them to implement different strategies and construct complex positions with varying market exposure.

Information concerning more sophisticated instruments, such as ETFs, and their corresponding leverages and trading conditions can be accessed here.

What are CFDs?

Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What Can You Trade With VT Markets?

Here is a list of the available instruments on a Standard STP account, broken down by asset class:

  • 48 Currency Pairs
    • Majors, Crosses, Exotic
  • 22 Commodities
    • Precious Metals, Energy, Soft Commodities
  • 24 Indices
    • US, Europe, Asia
  • 805 CFD Shares
    • US, UK, Europe, Hong Kong
  • 43 CFD Cryptocurrencies
    • Majors and Minors
  • 51 ETFs
    • Financial, Retail, Agricultural, and others

VT Markets offers an extensive array of instruments, the most numerous being CFD shares. These include shares of companies from the U.S., UK, EU, and Hong Kong. The broker should also be praised for striking a fine balance between high-risk assets, such as cryptocurrencies and indices, and lower-risk securities.

Forex Commodities
EURUSD | GBPUSD | USDJPY | USDNOK Gold | Crude Oil | Silver | Gas | Coffee
Indices CFD Shares
US100 | UK100 | DAX40 | EU50 | CAC40 Apple | Microsoft | Tesla | Barclays | Adidas
Cryptocurrencies ETFs
Bitcoin | Ethereum | Ripple | Litecoin | Solana United States Brent Oil Fund LP | iShares MSCI EAFE Index Fund | Invesco QQQ Trust

Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You don't own or have any rights to the assets that underly the derivatives (e.g. the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions. General Advice Warning: The information in this website is of a general nature only and any advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of any advice having regard to your objectives, financial situation and needs, and after considering the legal documents. Regional Restrictions: The information or services described in this website is not directed at or offered to residents of North Korea, Japan, United States and some other regions or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

Customer Support

4.2
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

See More

VT Markets earned an above-average mark in the Customer Support category. Help is available 24/7, and the broker has also incorporated an extensive FAQ section on the website. However, there are certain issues with the response time and clarity of its customer support team.

The company clients can use one of the several available channels to contact VT Markets’ support team, including phone, email, and live chat. The broker has also integrated an automated response system that addresses more general queries in addition to the Help Centre section on the website. Regarding the agents from the support team, we found them polite and, for the most part, knowledgeable.

VT Markets’ Customer Support Test

When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

We conducted our test on the 29th of August via the live chat option available at the bottom-right corner of the main page. An agent promptly connected to the chat and responded to our inquiry concerning professional indemnity insurance. We were provided with several links to various sections of the website, however, the agent did not elaborate any further.

Our conversation with VT Markets’ customer support team

Deposit and Withdrawal

VT Markets scored average in the Deposit and Withdrawal category compared to the broader industry. Clients of the company can choose between several payment methods, including e-wallets and crypto wallets. Waiting times are average, and deposits are free. Withdrawals, however, can be liable for third-parties fees in some cases.

VT Markets Deposit Methods

Method Type Fees Waiting Times
Visa/Mastercard Credit/Debit Card 0% Instant
Bank Wire (Swift) International Bank Transfer 0% 2-5 business days
Neteller eWallet 0% Instant
Skrill eWallet 0% Instant
Fasapay eWallet 0% Instant
Perfect Money eWallet 0% Instant
Bitcoin Crypto Wallet 0% 1 Hour
Tether(ERC20) Crypto Wallet 0% 1 Hour
Tether(TRC20) Crypto Wallet 0% 1 Hour

VT Markets Withdrawal Methods

Method Type Fees Processing Time
Visa/Mastercard Credit/Debit Card 20 (base currency)* 3-7 business days
Bank Wire (Swift) International Bank Transfer 20 (base currency)* 3-7 business days
Neteller eWallet 2% 1-3 business days
Skrill eWallet 1% 1-3 business days
Fasapay eWallet 0.5% 1-3 business days
Perfect Money eWallet Not Specified 1-3 business days
Bitcoin Crypto Wallet Not Specified 1-3 business days
Tether(ERC20) Crypto Wallet Not Specified 1-3 business days
Tether(TRC20) Crypto Wallet Not Specified 1-3 business days

*For withdrawals smaller than 100 of the base currency

The broker does not charge any deposits. However, payments to and from overseas banking institutions may incur a proportionate intermediary transfer fee or exchange rate difference from either the sending or receiving bank. With regard to withdrawals, VT Markets does not charge any handling fees. Additional information concerning third-party fees and exceptions to the above can be accessed here.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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VT Markets scored very high in the Account Types category. The broker offers two main account types – Standard STP and Raw ECN – which complement each other very well. Both are also available for swap-free trading. Account creation is a fairly straightforward process, and the $100 minimum deposit requirement makes VT Markets a very accessible broker.

The major difference between the Standard STP and Raw ECN accounts is that the former affords commission-free trading and floating spreads starting from 1.2 pips, whereas the latter has a fixed commission of $6 (per round turn) and raw spreads starting from 0.0 pips. It is up to the trader to choose whether to trade on MT4 or MT5 and to pick one from the 5 available base currencies (USD, GBP, AUD, EUR, CAD).

Setting up a trading account with VT Markets

Why is Choosing the Right Account Type Important?

Ideally, your preferred account type should reflect your personal trading style and aspirations on the market. Some account types are better suited for more conservative traders who like to take it slowly, while others are better for more aggressive traders who want to ride uptrends and downtrends in a volatile market.

What Account Types Does VT Markets Offer?

Account Type Standard STP RAW ECN Swap-free Standard STP Swap-free RAW ECN
Execution Type STP ECN STP ECN
Spread From 1.2 pips* 0.0 pips* 1.2 pips* 0.0 pips*
Commission $0 $6 (per round turn) $0 $6 (per round turn)
Swap Rates Varied Varied Zero Zero
Platforms MT4 and MT5 MT4 and MT5 MT4 and MT5 MT4 and MT5
Min. Deposit $100 $100 $100 $100
Max. Leverage 1:500 1:500 1:500 1:500
Min. Trade Size 0.01 lot 0.01 lot Not Specified Not Specified
Base Currencies USD, EUR, GBP, AUD, CAD USD, EUR, GBP, AUD, CAD USD, EUR, GBP, AUD, CAD USD, EUR, GBP, AUD, CAD

*On Major FX pairs

While there is a spread markup on a Standard STP account, the commission-free trading makes it more suitable for high-frequency/low-volume trading. This combination plus VT Markets’ fast order execution makes a Standard STP account suitable for implementing complex trading strategies such as scalping, which require precise order filling and frequent trades execution.

ECN accounts, in turn, are better fitted to cater to the needs of low-frequency/high-volume traders. While they still have to pay raw spreads (starting from 0.0 pips) plus a $6 round turn commission, there is no spread markup. Arguably, ECN accounts are also better suited for more inexperienced traders who generally tend to be more conservative (placing fewer trades).

What is CFD Leverage?

The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

VT Markets Account Opening Process

We have summed up the process of setting up a live trading account with VT Markets in these easy steps:

  • Step 1. After clicking the “Open a Live Account” button at the website’s top banner, provide your first and last names, country of residence, number, and email address. An automatic password for your Client Portal will be sent to the email address you have provided.
  • Step 2. After you log in to the Client Portal, you have to fill in the rest of your details (place of birth, Personal Identification Number, and address information) to verify your account.
  • Step 3. Provide information about your wealth and trading experience before selecting a trading platform, account type, and base currency.
  • Step 4. Upload proof of identity and residency. You will then be sent your account password to the email address you have provided.
  • Step 5. Download your preferred platform – MT4 or MT5 – from the Client Portal. You can also use the web trader version.
The process of account creation with VT Markets

Why is a Demo Account Important?

A demo account does not merely provide a dry run of a broker’s service, it also allows traders with different experience levels to hone their skills and trading strategies in a safe environment. Because of that, demo accounts are equally valuable for novice and experienced traders.

VT Markets Supported Countries

The broker’s service is unavailable to residents of the United States and jurisdictions on the FATF and EU/UN sanctions lists.

Research

4.3
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

See More

VT Markets was awarded a high mark in the Research category. The broker offers a rich and highly informative collection of research content that is easily accessible. Traders can benefit from VT Markets’s partnerships with multiple content providers, affording them probing market insights from different angles.

VT Markets’ research content falls into two categories: some materials have free access while others (the Pro Trader tools) are only available to clients who have funded their accounts with at least $500. The free-access materials contain multiple articles and market breakdowns supported by charts, graphs, and other secondary tools, which provide a well-balanced overview of current market trends and developments.

But it’s not only the insightfulness of VT Markets’ research materials that stands out, traders would also likely notice that content presented in various formats is very useful. In addition to the written articles and daily video breakdowns, there are also secondary supporting tools. For instance, there are forex calculators that help the trader make sense of the news and take advantage of the underlying trading opportunities in the most optimal way.

VT Markets’ useful calculator tool

Research Tools

Here is a broad outline of some of the more significant types of research materials provided by VT Markets and its partners:

  • The Pro Trader tools package. Available via the client portal, the Pro Trader tools package consists of several distinct features that are available to accounts with balances of at least $500. There is the ‘Market Buzz’ feature which represents an additional news feed, the economic calendar, and Trading Central’s featured ideas. In such a highly volatile and ever-changing environment, traders can use the Pro Trader tools to stay on top of all market developments.
  • Daily video updates. We found the daily video update to be a handy tool that highlights the latest price movements on a selection of several instruments. This type of content is usually supported by 1 or 2 indicators, and it underscores the most likely drivers of price action for the day.
  • Daily market analyses. Complementing the video updates, the daily market analyses provide a more detailed and insightful overview of the day’s trading opportunities. They are supported by charts and generally contain both technical and fundamental examinations.
An example of a market analysis by VT Markets

Education

4.0
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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VT Markets scored average in the Education category. While the broker has an impressive collection of educational videos that cover a wide range of trading topics, the overall content diversity is not as pronounced as it could be. Most notably, the website lacks a comprehensive database of written articles.

The broker’s research team has amassed over 130 videos covering topics with varying degrees of complexity: from the trading basics to fundamental analysis and the psychology of trading. The videos, which typically last several minutes, are a convenient source of information. However, the website lacks sufficient written articles.

At any rate, VT Markets’ educational content provides a good overall introduction to general and particular trading concepts. So traders with varying levels of experience are always likely to find something useful within the extensive collection of video materials.

VT Markets’ rich collection of educational video materials

The Bottom Line

VT Markets is a reputable broker that excels in many different areas, from its competitive fees to its vast array of tradable instruments, diverse account types, and excellent research materials. Its well-rounded service can help traders with varying degrees of experience gain an edge in the ever-changing and highly competitive trading environment.

The broker has two main account types – Standard STP and Raw ECN – which complement each other very well. One affords commission-free trading, while the other has spreads starting from 0.0 pips. And with over 900 available instruments, sophisticated platforms, fast order execution, and multiple partnerships with other industry leaders, VT Markets’ service is quite comprehensive.

Despite its many perks, however, VT Markets has couple of shortcomings. The broker’s offshore regulations are rather weak, the customer support’s explanations to client queries are not always very detailed, and the educational content could do with more diversity. Nevertheless, we found its service suitable for both beginners and skilled traders.

FAQ

Where is VT Markets based?
Vantage Global Prime Pty Ltd is headquartered in Australia, Vantage International Group Limited is based in the Cayman Islands and VT Markets LLC is based in St. Vincent and the Grenadines.

Is VT Markets safe?
Vantage Global Prime Pty Ltd is deemed safe because it is licenced by a Tier-1 regulator (ASIC). Additionally, there is negative balance protection, client funds are segregated and the broker has issued professional indemnity insurance.

How does VT Markets make money?
Via the spreads and commissions it charges for order execution.

Is VT Markets good for beginners?
Yes, the broker offers a decent amount of supporting tools and content, while its fees are very competitive.

How do I deposit into a VT Markets account?
Payments can be made using credit or debit cards, wire transfers, e-wallets, and crypto-wallets.

What is the minimum deposit for VT Markets?
The minimum deposit is $100.

How do I withdraw money from VT Markets?
Withdrawals can be requested from the client portal. The same payment methods available for deposits can also be used for withdrawals.

How long does it take to withdraw money from a VT Markets account?
Usually, payments are processed within 2-3 business days.

What is VT Markets’ maximum leverage?
The maximum leverage on all account types is 1:500.

How do I open an account with VT Markets?
Accounts can be opened from the main page of the website.

Which platforms does VT Markets offer?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Does VT Markets offer a demo account?
Yes.

broker

Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You don't own or have any rights to the assets that underly the derivatives (e.g. the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions. General Advice Warning: The information in this website is of a general nature only and any advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of any advice having regard to your objectives, financial situation and needs, and after considering the legal documents. Regional Restrictions: The information or services described in this website is not directed at or offered to residents of North Korea, Japan, United States and some other regions or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

See VT Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Saint Vincent and the Grenadines
Foundation Year
2016
Regulations
ASIC (Australia), CIMA (Cayman Islands)
Publicly Traded
No
Number Of Employees
89
Trading Desk Type
ECN, STP, Dealing Desk, No dealing desk
Trading platforms
MT5
Restricted Countries
United States
Supported Languages
English
Min Deposit
$100
Max Leverage
1:500 (ASIC), 1:250 (CIMA)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, FasaPay, PerfectMoney
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, FasaPay, PerfectMoney
Time to Withdrawal
4
Time to Open an Account
9
Cryptocurrencies
Bitcoin, Litecoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Futures, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
Yes
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