VT Markets

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Popularity popular broker
Leverage 1:500
Minimum Deposit $200
Regulation ASIC, CySEC
Payment Methods Credit Card, Wire Transfer, PayPal, Skrill
Trading Assets Forex, Indices, Commodities, Cryptocurrencies
MT4
MT5
Spreads Low
Average cost: EUR/USD 0.3 pips
Demo Account
Islamic Account
MAM
PAMM
CopyTrading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10
Year Established 2015
Address Level 18, 420 George Street, Sydney NSW 2000, Australia
Contact Information Email: [email protected], Phone: +61 2 8999 2044
Mobile Trading APP
Rating ★★★★☆ 4.7
Website

Pros and Cons

Pros
  • Competitive spreads and low transaction costs
  • Support for MT4 and MT5 platforms
  • Strong regulatory compliance with multiple bodies
  • Comprehensive educational resources for traders
  • Advanced trading tools and technologies
Cons
  • Limited availability of cryptocurrency options
  • High minimum deposit for premium accounts
  • Inactivity fee after a certain period
  • No support for clients from the US and Canada
  • Limited physical presence outside Australia

Introduction

VT Markets is a globally recognized forex and CFD broker that has been in operation since 2015.

Headquartered in Sydney, Australia, the broker has established itself as a reputable player in the competitive world of online trading.

This review delves into various aspects of the broker, including its trading platforms, regulatory compliance, asset offerings, customer support, and much more.

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Regulations

VT Markets operates under the regulatory oversight of some of the world’s most respected authorities.

It is licensed by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

These regulatory bodies ensure that the company adheres to strict financial standards, including client fund protection and transparent operational practices.

Security Measures

  • Client Fund Segregation: The broker keeps client funds in segregated accounts, separate from its corporate funds.
  • SSL Encryption: The broker uses SSL (Secure Socket Layer) technology to encrypt and protect user data and transactions.
  • Negative Balance Protection: This feature ensures that clients cannot lose more than their account balance.

Trading Platforms

VT Markets offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely regarded as the gold standard for forex trading platforms due to their reliability, range of features, and user-friendliness.

MetaTrader 4

  • User Experience: Known for its user-friendly interface.
  • Tools and Charts: Offers advanced charting tools, 30+ technical indicators, and customizable charts.
  • Expert Advisors: Allows the use of EAs for automated trading.

MetaTrader 5

  • Enhanced Capabilities: Includes all the features of MT4 but with added capabilities such as more timeframes, technical indicators, graphical objects, and pending order types.
  • Multi-Asset Trading: Allows trading in forex, stocks, and commodities from a single platform.

Asset Offerings

VT Markets offers a diverse range of trading instruments, which include:

  • Forex: Over 45 currency pairs, including major, minor, and exotic pairs.
  • Indices: Access to global indices such as the S&P 500, NASDAQ, and more.
  • Commodities: Trade more than 20 commodities like gold, silver, oil, and natural gas.
  • Cryptocurrencies: Offers popular cryptocurrencies for trading, such as Bitcoin and Ethereum.

Asset Type

Examples

Forex

EUR/USD, AUD/JPY

Indices

US30, AUS200

Commodities

Gold, WTI Oil

Cryptocurrencies

Bitcoin, Ethereum

Trading Conditions

Spreads and Commissions

  • Competitive Spreads: It offers some of the lowest spreads in the industry, starting from 0.0 pips on major currency pairs.
  • Commission Structure: Low commission rates, particularly on higher account levels.

Leverage

Flexible Leverage: Up to 1:500, allowing traders to maximize their trading potential while understanding the risks involved.

Minimum Deposit

The minimum deposit requirement is $200, which is reasonable and allows for accessibility to many traders.

Account Types

VT Markets offers a wide array of account types to cater to different trading styles and levels of experience.

Each account type is designed to meet specific trader needs, from beginners to seasoned professionals.

Below is a comprehensive breakdown of the account types available, including their key features and requirements.

Standard Account

The Standard Account is ideal for novice traders due to its simplicity and user-friendly features.

It does not charge any commissions and offers higher spreads compared to other account types.

Features of the Standard Account

  • Minimum Deposit: $200
  • Spreads: Starting from 1.2 pips
  • Commission: No commission
  • Leverage: Up to 1:500
  • Platform: MT4 and MT5
  • Instruments: Forex, Indices, Commodities, Cryptocurrencies

Raw Account

The Raw Account is tailored for experienced traders who require tight spreads and are comfortable paying a commission per trade.

This account type is suitable for scalpers and day traders.

Features of the Raw Account

  • Minimum Deposit: $500
  • Spreads: From 0.0 pips
  • Commission: $3 per lot per side
  • Leverage: Up to 1:500
  • Platform: MT4 and MT5
  • Instruments: Forex, Indices, Commodities, Cryptocurrencies

Pro Account

Designed for professional traders, the Pro Account offers the best trading conditions at VT Markets.

It features very low spreads and a lower commission rate compared to the Raw Account.

Features of the Pro Account

  • Minimum Deposit: $20,000
  • Spreads: From 0.0 pips
  • Commission: $2 per lot per side
  • Leverage: Up to 1:500
  • Platform: MT4 and MT5
  • Instruments: Forex, Indices, Commodities, Cryptocurrencies

Islamic Account

VT Markets also offers an Islamic Account, which is compliant with Sharia law.

This account type does not incur swap or rollover charges on overnight positions.

Features of the Islamic Account

  • Minimum Deposit: Varies by base account type
  • Spreads: As per base account type (Standard, Raw, Pro)
  • Commission: As per base account type
  • Leverage: Up to 1:500
  • Platform: MT4 and MT5
  • Instruments: Forex, Indices, Commodities, Cryptocurrencies

Comparison of Account Types

Here’s a comparative overview of the Standard, Raw, and Pro accounts along with the Islamic Account options:

General Account Features

Feature

Standard Account

Raw Account

Pro Account

Minimum Deposit

$200

$500

$20,000

Spreads

From 1.2 pips

From 0.0 pips

From 0.0 pips

Commission

None

$3 per lot per side

$2 per lot per side

Leverage

Up to 1:500

Up to 1:500

Up to 1:500

Platform

MT4, MT5

MT4, MT5

MT4, MT5

Instruments

Forex, Indices, Commodities, Cryptocurrencies

Forex, Indices, Commodities, Cryptocurrencies

Forex, Indices, Commodities, Cryptocurrencies

Additional Features for Islamic Account

Feature

Islamic Account

Minimum Deposit

As per base account type

Spreads

As per base account type

Commission

As per base account type

Leverage

Up to 1:500

Platform

MT4, MT5

Instruments

Forex, Indices, Commodities, Cryptocurrencies

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Customer Support

Availability and Responsiveness

  • 24/5 Support: This broker provides customer support services five days a week, available via live chat, email, and phone.
  • Multilingual Support: Offers services in various languages, accommodating a global clientele.

Customer Service Channels

  • Email: [email protected]
  • Phone: +61 2 8999 2044
  • Live Chat: Available directly on their website.

Educational Resources

The company invests in its clients’ success by offering a range of educational resources:

  • Trading Academy: Offers courses and webinars for both beginners and advanced traders.
  • E-books and Articles: Provides comprehensive guides and articles on trading strategies, market analysis, and the fundamentals of forex trading.
  • Video Tutorials: Includes step-by-step tutorials on using trading platforms and tools.

Mobile App Features

VT Markets offers robust mobile trading apps compatible with both iOS and Android devices.

These apps allow traders to:

  • Manage Accounts: Monitor and manage their accounts on the go.
  • Trade Execution: Execute trades directly from their smartphones.
  • Access to Tools: Use various analytical tools, technical indicators, and charts.

Conclusion

VT Markets stands out in the crowded forex broker market due to its stringent regulatory standards, comprehensive trading tools, and commitment to providing excellent customer support.

The broker’s wide range of educational resources and trading platforms cater to both novice and experienced traders, making it a versatile choice for anyone looking to trade in the forex and CFD markets.

Whether you are just starting out or looking to switch from another broker, VT Markets offers a compelling service that balances trading technology with user-friendly support and educational resources.

Visit official website: www.vtmarkets.com

User Reviews

“I have been trading with VT Markets for over two years, and I’m really pleased with the trading conditions and the support team’s responsiveness. The spreads are indeed low, which helps keep my trading costs down, and the MT5 platform has been stable and reliable. However, I do wish they offered more cryptocurrencies to trade, as the current options are relatively limited.”
Emily Carter
“As a beginner, I found their educational resources incredibly helpful. They offer detailed webinars and free trading guides that helped me get started. Their customer service is always friendly and quick to resolve issues. Highly recommended for new traders!”
Michael Brown
“Good broker overall, but the inactivity fee caught me off guard after I took a break from trading. Make sure to stay active or close your account to avoid unnecessary charges. Otherwise, their trading conditions and platform features have met my expectations.”
Sarah Johnson
“I’ve been using it primarily for Forex and commodity trading, and I’m satisfied with the execution speed and low slippage. Customer support is always a chat away, and I appreciate the negative balance protection, giving me peace of mind during volatile trading sessions.”
David Wilson
“The MT4 integration is seamless, and I enjoy the customizability. VT Markets offers competitive spreads, especially on major Forex pairs, which is great for my trading style. However, the platform could be more intuitive for absolute beginners.”
Olivia Smith

Video: How to open an account

Frequently Asked Questions (FAQ)

What types of accounts does it offer?

VT Markets offers several account types to suit different trading styles and needs, including Standard, Raw, and Pro accounts. Each offers unique benefits such as varying leverage, spreads, and minimum deposit requirements.

Is the broker regulated?

Yes, VT Markets is rigorously regulated by ASIC and CySEC, ensuring a secure and reliable trading environment for all clients.

Can I trade cryptocurrencies?

Yes, VT Markets offers a selection of popular cryptocurrencies for trading, although the options are more limited compared to other asset classes.

What platforms are available?

VT Markets supports both MetaTrader 4 and MetaTrader 5 platforms, which are available for desktop, web, and mobile devices.

Are there educational resources available?

Absolutely, VT Markets provides a wealth of educational materials, including webinars, e-books, and a trading academy to help both novice and experienced traders improve their trading skills.

What are the costs associated with trading?

Trading costs vary depending on the account type and include spreads, commissions, and swap fees. VT Markets is known for its competitive spreads and low transaction costs.

How can I contact their customer support?

Customer support can be reached via email at [email protected] or by phone at +61 2 8999 2044. They offer support in multiple languages and are available 24/5.

Resources

      Our experts

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      Feng Zhou

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      Last update: April 27, 2024