Overall, VT Markets is a top-notch broker that is appropriate for both novice and seasoned traders. It is highly regulated and has features like MetaTrader 4 and 5 and Islamic accounts.
- Easy-to-use platform
- Easy and fast account opening
- Great email and live chat support
- Slim product portfolio
- Limited educational tools
- No investor protection
- Not well regulated globally
Why to choose VT Markets?
Here is why to choose VT Markets or simply skip it, up to you to choose!
VT Markets is an Australia-based subsidiary of VT Markets LLC (VIG), Offering simple and transparent market access while assisting clients in pursuing their financial goals, the company has more than ten years of experience and knowledge in the global financial markets.
Founded in 2016, VT markets has been adhering to the concept of “Innovation makes the difference” and has applied advanced technical support in retail FX market to provide clients with superior trading experience, including true ECN account with raw spreads, mobile trading/payments and powerful client portal, etc.
VT Markets is considered to be a reliable broker due to its regulation by top-tier ASIC. The VT markets itself is a popular and reputable entity with good trading technology, range of instruments and low variable spreads. There is excellent variety between available platform including MT4 and MT5, investment account also MAM accounts.
On the other hand, VT Markets has limited portfolio for trading instruments as well as limited education tools.
Is VT Markets safe or a scam?
Yes, VT Markets is safe to trade, it is an established Australian broker Vantage Global Prime Pty Ltd that respectively complied operation according to the world-known regulation Australian Securities and Investments Commission (ASIC).
Additionally, VT Markets’ offshore branch, which is situated in the Cayman Islands, serves a different entity that caters to international clientele. Of course, we never recommend trading with offshore brokers, however, since VT Markets following also reputable licenses from ASIC it means the broker is sharply regulated in terms of its operation.
In accordance with ASIC Regulatory Guides, the company provides Professional Indemnity Insurance in place which encompasses the work performed by their agents, employees, and appointed representatives. Also, clients’ funds are held in a segregated account with Australia’s AA rated Commonwealth Bank of Australia (CBA).
Leverage is a well-known tool that, when used wisely, multiplies the initial cash you trade with. It may be a highly valuable tool to increase your prospective gains. Always keep in mind, though, that significant leverage can also operate the other way.
Due to multiple regulations from different jurisdictions, VT Markets broker is subject to certain regulatory restrictions that could result in variations in the leverage available. Therefore, trading through the global/offshore entities of VT Markets you may enjoy high leverage levels up to 1:500 for major currency pairs. For the Australian clients the leverage remains the broker allows the following:
30:1 for Forex
20:1 for Stock Index CFDs
The marker range includes access to trading instruments, however, only CFDs and Forex. CFDs include Indices, Energy Soft Commodities, Precious Metals, US and HK Share CFDs. Cryptocurrencies also can be traded the same way as major currencies. Overall, the broker covers the most demanding markets to trade, however, popular asset classes like real stocks or ETFs are not available.
Broker’s leveraged share CFDs enable clients to trade both long and short in some of the biggest US companies from just $6 per trade. And, traders can take advantage of 33:1 leverage, which means they can get started with just a small initial margin.
VT Markets offers two account types with STP and ECN execution models accordingly available through MT4 or MT5 platforms. Be sure to examine the pricing model that best meets your needs because there may be differences between the proposal and some pricing models as well.
Islamic accounts or Swap-free are available at the broker too, to those who are following the Sharia rules and require specific trading conditions.
VT Markets spread its level depends on the trading account you choose, while Standard account has slightly higher spreads or ECN account with a raw spread offering. Therefore the STP account EUR/USD floating spread is averaged 1.2 and the ECN proposes only 0.0 for the same pair.
Also, VT Markets Standard STP Account boasts some of the tightest spreads across the Forex trading industry. All RAW ECN account holders at VT Markets will experience competitive spreads, and only $6 commissions per standard lot, per round. See below a comparison of spread in Standard account below, for instance, compare the cost to another well-known broker.
In addition, always consider rollover or swap rate as a trading cost, as the instrument defines the position and the broker imposes a little fee if it is held for more than a day. Moreover, there is an option for Muslim trader to trade through Swap-Free account, which is suitable for followers of belief and tailored according to the strictest rules.
Deposits and Withdrawals
Clients of VT Markets have several alternatives for funding a trading account, including domestic bank transfers, international bank transfers, BPAY, Skrill, Neteller, Broker to Broker transfer, POLi, fasapay, and credit or debit card payments. VT Markets clients can also deposit with Bitcoin.
VT Markets minimum deposit
Minimum deposit for VT Markets Standard account is 200$ as a start, It is a suitable choice for beginners or regular size traders.
Withdraw funds on VT Markets supporting various payment options and VT Markets does not charge internal fees for electronic deposits or withdrawals. Important to keep in mind with your payment provider in case any additional fees are waived for processing.
Regarding trading platforms, VT Markets offers clients the choice between combining simplicity for manipulation and intuitive yet comprehensive software designed for users of all sizes.
All trading accounts are accessible across all devices and all offered platforms, as one of the main aims to have fast and stable access to the trading account. This includes the enhanced MetaTrader 4, MetaTrader 5, WebTrader and multiple mobile trading apps for iPhone and Android devices.
VT Markets offers its traders the official MetaTrader mobile apps, enabling you to trade everywhere and at any time. EAs are allowed for all styles of automated traders. The ones who hold multiple accounts the integrated software tool Multi Account Manager (MAM) is the great and available solution, It permits quickly and without restriction placing of large orders in bulk.
The VT Markets MetaQuotes WebTrader intuitive design is identical to the MetaTrader desktop version and allows you to access your trading account without having to download or install the platform on your computer.
Social Trading In addition, VT Markets brings an opportunity to automate trading through ZuluTrade. Through the ZuluTrade social trading platform, clients of VT Markets will gain exclusive access to a huge network of experienced traders and effective trading techniques.
VT Markets provide their clients with quite limited education materials and tools. Its learning section includes Educational guides, MT4 guide and Trading Central tools guide. There are also Daily Market Analysis and Daily Video update available for the traders.
Only solid research tools that are integrated into the platforms and are open to use can support VT markets. There is also a Demo Account option, which allows you to practice trading.
Overall, the fact that VT Markets works hard to keep its service superior and competitive with everything else on the market demonstrates the many benefits it can provide for traders like you. Also, being an ECN broker, the company stands for strong integrity and great execution through its numerous liquidity providers and the Interbank Forex market. The traders of any level can find their benefits with VT Markets, either new traders, as starting an account opening is a simple process with a low deposit requirement and a variety of trading options available, in addition to the education offered.