VT Markets Review 2024
Website: www.vtmarkets.com
Min. Deposit: US$ 200
Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CIMA, SVGFSA
Headquarters: Australia
Founded: 2016
Regulatory Licenses:
- Vantage Global Prime Pty Ltd - authorized by ASIC (Australia) registration no. AFSL No. 4289017
- VT Markets LLC - authorized by CIMA (Cayman Islands) registration no. 1383491
- VT Markets LLC - authorized by SVGFSA (St. Vincent & the Grenadines)
Updated on March 5, 2024
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VT Markets, based in Australia and part of the VT Markets LLC (VIG), stands out as a prominent Forex and CFD Broker by offering a broad spectrum of products. This broker provides access to highly popular and liquid markets, including forex, indices, energies, metals, soft commodities, and shares through CFDs. It is designed to offer easy and transparent market access, assisting clients in achieving their financial aspirations.
Regulated by the top-tier Australian Securities and Investments Commission (ASIC), VT Markets is deemed a trustworthy broker. The Vantage Group, its parent company, is renowned for its excellent trading technology, diverse instrument range, and competitive low variable spreads. Additionally, it offers leveraged trading options, and clients can choose between several platforms, including MT4 and MT5, alongside investment and MAM accounts.
However, VT Markets does have certain limitations, such as a restricted portfolio of trading instruments, excluding cryptocurrencies and ETFs trading. Also, the broker offers limited educational tools, and the minimum deposit requirement is relatively high compared to other leading brokers in the market. Customer support is available 24/5, which may not cater to all clients' schedules.
Pros
Regulated by toptier ASIC
Access to a wide range of markets
Competitive low variable spreads
Offers MT4 and MT5 platforms
Cons
Limited portfolio of trading instruments
High minimum deposit requirement
Limited educational resources
Customer support available 24/5 only
Is VT Markets Safe or a Scam? ▲
VT Markets is considered a safe broker, boasting many years of operation with a commendable reputation.
VT Markets is a legitimate entity, established as Vantage Global Prime Pty Ltd and rigorously adhering to the Australian Securities and Investments Commission (ASIC) regulations. The company provides Professional Indemnity Insurance covering the work of its representatives, employees, and authorized representatives. Additionally, client funds are secured in a segregated account with the AA-rated Commonwealth Bank of Australia (CBA).
Though VT Markets operates a global client service through its offshore branch in the Cayman Islands, its ASIC regulation ensures stringent oversight of its operations. While trading with offshore brokers is generally not recommended, VT Markets' reputable ASIC license indicates that it is well-regulated.
Our conclusion on VT Markets' reliability: With a Trust Score of 8.7 out of 5, VT Markets is celebrated for its stellar reputation and quality trading conditions spanning over a decade. The broker's backing by a top-tier regulator ensures a safe trading environment, with the caveat that international operations are conducted through an offshore entity.
Leverage is a powerful tool that can significantly enhance potential profits by multiplying the initial capital used in trading. However, it's crucial to use leverage wisely, as it can also amplify losses.
VT Markets' offered leverage varies due to regulatory restrictions across different jurisdictions. For clients trading through its global/offshore entities, leverage can reach up to 1:500 for major currency pairs. Meanwhile, Australian clients are subject to more conservative leverage caps:
30:1 for forex
20:1 for stock index CFDs
This regulatory framework ensures that leverage is applied judiciously, aligning with the risk preferences and regulatory requirements of different client groups.
Access to a variety of trading instruments is essential for a diverse trading experience. This broker offers a selection of instruments, but focuses primarily on CFDs and Forex trading. The range of CFDs includes Indices, Energy, Soft Commodities, Precious Metals, and Share CFDs from the US and UK markets. Additionally, cryptocurrencies are available for trading, similar to major currency pairs. While the broker facilitates trading in some of the most sought-after markets, it does not offer trading in popular assets such as real stocks or ETFs.
Leveraged share CFD trading allows clients to engage in long and short positions in major US companies with a starting cost of just $6 per trade. Moreover, with a leverage of 33:1, traders can initiate positions with a relatively small initial margin. Despite a commendable range of trading instruments, the broker's main limitation is its focus on Forex and CFDs, excluding cryptocurrencies and ETFs from its offerings. The market range of VT Markets scores 3.9 out of 5, reflecting a solid selection of instruments but with room for expansion.
VT Markets provides two distinct account types, featuring STP and ECN execution models, accessible via the MT4 or MT5 platforms. This setup offers a degree of choice and flexibility, catering to different trader preferences and strategies. However, traders should carefully consider the differences in pricing models between these accounts to find the one that best suits their trading needs. Additionally, VT Markets accommodates traders who adhere to Sharia law by offering Islamic or Swap-free accounts, ensuring a broad inclusivity for its users.
Our comprehensive analysis reveals that VT Markets' fee structure varies between account types, with additional considerations for funding fees and potential inactivity charges. Trading costs at VT Markets fluctuate based on the choice between the Raw ECN and Standard STP accounts, positioning the broker as a competitive option in terms of trading fees. After a detailed comparison with over 1000 other brokers, VT Markets stands out for its low fees, earning an 4.1 out of 5 rating. However, traders should be aware that fees might differ based on account type and jurisdiction. The subsequent table outlines our findings on VT Markets' fees and pricing structure, offering a clear overview for potential traders.
VT Markets offers varying spreads depending on the account type selected. The Standard account carries slightly wider spreads, whereas the ECN account features a raw spread model. Specifically, the EUR/USD pair sees an average floating spread of 1.2 in the STP account and a raw spread of 0.0 in the ECN account. The Standard STP Account is known for its competitive spreads across the Forex trading industry, with RAW ECN account holders benefiting from competitive spreads and a commission of only $6 per standard lot, per round trip. A comparative analysis of the Standard account's spreads against those of another well-regarded broker, BlackBull Markets, reveals VT Markets' competitive edge. We have rated VT Markets' spreads 4.0 out of 5, acknowledging that the broker's spreads for the EUR/USD pair are consistent with industry standards.
Rollover
It's important to account for rollover or swap rates as they represent a trading cost for positions held open for more than a day. These rates vary by instrument. VT Markets also offers a Swap-Free account option catering to Muslim traders, adhering to the strictest compliance with Islamic beliefs.
VT Markets facilitates account funding through a diverse range of methods, including domestic and international bank transfers, BPAY, Skrill, Neteller, Broker to Broker transfer, POLi, fasapay, credit or debit cards, and even Bitcoin. We have assigned an overall rating of 4.4 out of 5 to VT Markets' funding methods due to the variety of options and minimal to nonexistent fees. However, it is noteworthy that the minimum deposit requirement is relatively high.
Pros
Variety of funding methods
Low to no fees on deposits and withdrawals
Cons
Relatively high minimum deposit requirement
VT Markets' minimum deposit for a Standard account is set at $200, making it accessible for beginner or average traders. This is in contrast to many brokers who set their minimum deposit requirement at $500. VT Markets does not offer a no deposit bonus, according to our comprehensive research of over 1000 brokers.
Withdrawal processes at VT Markets support various payment methods without incurring internal fees. However, it is vital to check with your payment provider regarding any potential fees. Withdrawals are typically processed within 24 hours, and depending on the chosen method, it can take between 1-7 business days to receive your funds.
VT Markets prides itself on offering a selection of intuitive and comprehensive trading platforms suitable for traders of various experience levels and needs. All trading accounts are accessible across devices, including enhanced MetaTrader 4, MetaTrader 5, WebTrader, VT Markets App, and multiple mobile trading applications for iPhone and Android. The official MetaTrader mobile apps facilitate trading on-the-go, with support for automated trading via EAs and the Multi Account Manager (MAM) tool for bulk order placement. Our evaluation places VT Markets' platforms at 4.1 out of 5, distinguishing it as an excellent choice among over 1000 brokers for its range of platforms, including MT4, MT5, and the proprietary VT Markets App, all complemented by outstanding research tools.
The VT Markets MetaQuotes WebTrader offers a user-friendly design identical to the MetaTrader desktop version, allowing seamless access to your trading account without the need for downloads or installations. Additionally, VT Markets has launched its proprietary VT Markets App featuring over 230 trading assets, market news, and multilingual support.
Social Trading is another highlight, with VT Markets partnering with ZuluTrade to offer clients access to a broad selection of professional traders and profitable trading systems.
VT Markets' educational offerings are somewhat limited, comprising Educational guides, MT4 tutorials, and Trading Central tools guides, along with Daily Market Analyses and video updates. While the broker does support solid research tools integrated into its platforms, the limited range of educational materials may necessitate that beginner traders seek learning resources elsewhere. We have rated VT Markets' education 3.6 out of 5, reflecting the broker's need to expand its educational content to better accommodate beginners.
In conclusion, VT Markets presents a compelling choice for Forex traders, standing out as an ECN broker with integrity and excellent execution. The broker's commitment to competitive services is evident in its spread offerings, range of trading platforms, and account funding options. VT Markets' adherence to top-tier ASIC regulation and provision of high leverage and negative balance protection further underscores its reliability. However, the broker's educational resources require enhancement to better support novice traders. Our comprehensive assessment concludes that VT Markets is well-suited for:
Professional Traders
Automated Trading Enthusiasts
Copy Trading Advocates
Users of MT4 or MT5 platforms
Currency and CFD Traders
Various Trading Strategies
MAM Trading
High Leverage Enthusiasts
