VT Markets has the advantage of being part of the Vantage Group’s companies, providing access to the MetaTrader platform suite and its trading app, VT Pro.
Despite supporting numerous third-party features and social copy trading, VT Markets is the best forex broker due to its research material, sparse educational content, and few market choices available.
What is VT Market?
VT Markets is a globally regulated multi-asset broker with experience and expertise in more than 160 countries in financial markets. They believe that trading should be accessible and easy for everyone. Therefore, their goal is to provide clients with an excellent and reliable trading environment that provides real ECN accounts with raw spreads, a strong client portal and award-winning 24/7 customer service.
Their next-generation platform makes investing in over 230 assets such as Forex, commodities, indexes and CFD stocks easy, transparent and secure. Everything you trade, from gold to Forex currencies, runs super fast, guarantees low-latency trading and increases your profitability potential.
Trading on VT Markets is easy – join a community of over 200,000 investors and experience the differences today!
Online trading broker VT Markets PTY Ltd claims to be much more than a marketplace. However, it serves clients in the EU, UK, Canada, and Asian countries, including Singapore and Thailand, with headquarters in Sydney, Australia. With more than 70,000 clients now on its books, VT Markets has opened up a new location in Malaysia to better serve its clients and affiliates in the region.
The firm came into existence in 2016 as a Cayman Islands-based subsidiary of Vantage International Group Limited (VIG). Chris Nelson-Smith serves as managing director and CEO. Well-respected international regulatory bodies CIMA in the Cayman Islands and ASIC in Australia governs it.
The strategic objective of VT Markets is to provide sophisticated technical support while putting innovation at the forefront of customer service. Traders seeking quick execution, unrivalled customer support, automated signals, and bots are the target audience.
Is VT Markets safe?
VT Markets qualifies as an average risk with an overall confidence score of 83 out of 99. VT Markets are listed, banked and approved by two Tier 1 regulators (high confidence), zero Tier 2 regulators (average confidence) and one Tier 3 regulator (low confidence).
VT Markets is endorsed by the following Tier 1 regulatory agencies through its parent company, Vantage: The Australian Securities and Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Offering of investments
The VT Markets CFD Offering has 168 symbols covering asset classes such as equities, commodities, metals, indices and forex pairs. The table below summarises the various investment products available to clients in the VT market.
Commissions and Fees
Transaction fees in the VT market are low. However, we know that it is difficult to compare the transaction fees of Forex brokers. So how to tackle the problem of making prices clear and comparable?
Compare brokers by calculating all fees for a typical transaction for the selected product. Transaction costs at VT Markets depend on whether you choose a Raw ECN account or a Standard STP account. Standard STP accounts are free of charge but offer higher spreads than Raw ECN accounts and require a minimum deposit of $ 200 on both accounts.
VT Markets calculates Forex, commodities and index spreads. Spreads are the difference between the buying and selling prices of an asset. That is the markup that the broker creates when selling to you. All spreads are live and depend on your account type.
ECN Raw accounts offer the lowest spreads in the industry. Pricing is sourced directly from major liquidity providers. That is, the Client gets the same pricing as the institutional investor. For this account, spreads start at 0 pips. With a standard STP account, spreads start at 1.3 pips for EUR / USD, 1.8 pips for GBP / USD and 1.6 pips for AUD / USD.
To view live spreads by asset, go to the MetaTrader platform, click MarketWatch, and then click Spreads.
Fees get listed in your ECN account. These have different values depending on the currency of the trading account. For US dollars, this is $ 0.03 per 0.01 lot (1,000 base currencies) (round turn $ 0.06). For AUD, this is AUD $ 0.03 (round turn $ 0.06) and £ 0.02 GBP (round turn £ 0.04).
Average Spreads: According to VT Markets, regular STP accounts typically have EUR/USD spreads of 1.2 pip, while RAW ECN’s effective spreads were 0.83 pip (0.2 round turn commission and September 2021). They are based on a 0.23 average spread. Pricing for VT Markets Raw ECN accounts is in line with industry standards; however, it is less appealing for conventional STP accounts.
Forex brokers typically offer a selection of well-liked products in each asset class.
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
- Stock index CFDs: SPX and EUSTX50
Purchasing a leveraged product, holding it for a week, and then selling it is a normal transaction. For volume, we selected the $ 2,000 account for stock indices and CFDs and the $ 20,000 stake for Forex. The method of leverage is as follows:
- 30:1 for Forex
- 20:1 for stock index CFDs
These benchmark fees for brokers include spreads, fees, and funding expenses. But, first, let’s examine the VT Markets charge decision.
FX charges on VT Markets are typically weak and frequently contrasted with the firm’s main rivals.
VT Markets charges low CFD trading fees.
Non-transaction costs are minimal on VT Markets. No account fees, deposits, or inactivity charges are applied. Most withdrawals are free, although there may be fees if the amount is less than 100 units of the base currency of your account or if you are transferring to your electronic wallet.
Trades on both Forex and CFD contracts are eligible for leverage at VT Markets. That implies that the Client may open a position larger than the initial deposit. For example, a position formed with leverage of 1:20 can produce 20 times more profit than a deposit since leverage amplifies the results of a trade.
But beware that there are risks involved because losses are magnified. Therefore, before engaging in leveraged trades, traders must consider their risk tolerance level. VT Markets provides leverage up to 1: 500 depending on the traded assets. Only the Customer Portal may request access to this cap. Due to the actions taken by regulatory organisations, leverage limits are in place in the majority of jurisdictions.
Therefore, you might need to provide evidence that you are a professional trader to obtain these high leverage certifications.
Generally speaking, leverage is capped at 1:20 based on the transaction.
VT Markets provides an impressive selection of assets across a variety of market types.
Over 40 currency pairs that you can trade 24/7. Depending on your jurisdiction, experience, and asset volatility, you can take advantage of up to 1: 500.
More than 15 stock market indexes around the world, including the S & P 500, DAX30 and FTSE 100.
Spot Energy Contracts for US Dollars for Crude Oil (Cash / Future), Natural Gas, Gasoline and Light Oil
Precious Metals-Gold and Silver Contracts for US Dollars and Euros
Cocoa, Coffee, Cotton, Orange Juice, Raw Sugar Contract
US CFD shares
50 US blue-chip companies are accessible, with trades starting at just $6 per transaction and 1:20 leverage.
HK CFD shares
Fifty companies are listed on the Hong Kong Stock Exchange as HK CFD shares, with prices starting at a little 50HKD per trade.
Mobile trading apps
Despite complete backing for the MetaTrader suite and a dedicated mobile app, VT Markets cannot compete with what the leading MetaTrader brokers have to offer in this category. The VT Pro mobile app from VT Markets has shown considerable promise, but further development is required to reach its full potential.
- Apps overview: VT Markets has a custom mobile app called VT Pro and is primarily a MetaTrader broker. For Android and Apple iOS devices, VT Pro, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) are directly from the Google Play and Apple App stores.
- Ease of use: The VT Pro mobile app from VT Markets is simple and features a well-designed display with nicely integrated research content. It offers resources like its weekly pieces that cover Pivot Point research across six well-known trading symbols and helpful tools like watchlist items.
There is also a separate news page with articles on technical analysis, an extensive economic calendar with the ability to subscribe to events, and a helpful feature that populates calendar events when you visit a specific symbol.
The inclusion of tick chart capabilities and the choice to flip the display into portrait or landscape are the main fundamental charting features offered by VT Pro.
Other trading platforms
Due to its lack of a web or desktop platform, VT Markets remains a MetaTrader-only broker offering a popular suite of platforms developed by MetaQuotes Software Corporation. See the list of the best MetaTrader brokers for the top picks in similar offers.
Platforms overview: The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are what VT Markets offer and are compatible with Windows and Mac. As part of the Pro Trading Tools package from Trading Central (a popular third-party provider), VT Markets provides many MT4 plugins for traders who deposit at least $500.
Trading tools: For copy trading, VT Markets supports outside signal providers like Acreage and ZuluTrade.
In addition to the third-party content accessible through Trading Central, VT Markets offers a small collection of research content in the form of its Daily Market Analysis series. Although high quality, the Daily Market Analysis series only offers one piece daily, which is rather sparse. In this area, VT Markets performs reasonably well compared to industry averages, but it still has a ways to go before it can compete with market titans like Saxo Bank, IG, or CMC Markets.
- Research overview: VT Markets’ Daily Market Analysis series internal reports are of decent quality. This series contains basic and technical analysis and some descriptive charts but misses out on more about the broader market conditions. Daily video updates posted on TradingCentral’s economic calendar and VT Markets YouTube channel will help conclude the survey. VT Markets can expand its research offerings by organising and expanding its video content.
- Market News and analysis: VT Markets offers access to TradingCentral’s ProTradingTools package, which is accessible straight from the client portal for clients with deposits of at least $500. As part of the VT Markets offering, MetaTrader add-ons are also accessible via Trading Central. Otherwise, VT Markets will only post one article and one video every day of market news and analysis.
How to deposit and withdraw money on VT Markets?
Here is the step-by-step process of depositing funds on VT Markets.
- Register on VT Markets.
- Go to the Client Portal and select Funds and Deposit to deposit with VT Markets.
- To start the transaction, choose a payment option from the list.
- You can make deposits using credit/debit cards and wire transfers. Additionally, there is the choice to deposit using an e-wallet, UnionPay, or AliPay.
- After a successful transaction, deposits normally appear in your account within 60 minutes.
- VT Markets encourages you to email [email protected] with your transaction receipt, trading account number, and payment ID if funds do not appear as expected.
- The customer service staff will look into the problem and work to find a quick solution.
Two hundred units of the base currency constitute the bare minimum deposit. For traders who are new to the platform, in particular, this is a pretty difficult threshold to meet. As a result, there are agents in the market who offer very low or no minimum deposits.
You must validate your payment information before you withdraw money from VT Markets. Go to “Funds” on the Client Portal and then “Withdraw Funds.” You can see your balance here minus any bonus credits. The processing time for bank wire transfers and credit/debit cards is 3–7 days. Other payment options might be more suitable. Withdrawals from e-wallets and USDT take 1-3 working days.
Safety & Security
VT Markets makes the following guarantees on securing your private data and money:
Segregated Funds – VT Markets is mandated to keep client funds separate from the company’s funds as a regulated broker. Your money will be secure in the event of liquidation. The funds stay with Australia’s Commonwealth Bank of Australia, which has an A+ rating (CBA).
SSL Encryption – Registration and all card transfers are conducted using the Secure Sockets Layer, ensuring that all data gets encrypted throughout the transaction.
Suppose VT Markets wants to compete with the best Forex brokers. In that case, it needs to significantly improve its financial market education offerings (which don’t exist now) and research and improve its mobile apps.