Not long ago, traders had to enter the FX and CFDs markets through forex brokers, who would then execute a trade only after matching the preferences of both buyers and sellers. Now, with online broking coming into the limelight, they no longer need to wait for forex brokers. They can access the Forex market via online brokers like VT Markets, which enables traders to have much more control over their trades.
VT Markets offers a secure trading platform, as well as great trading conditions and payment options that help clients have the smoothest experience when trading online. In this VT Markets review, you will find below an overview of the broker, its story, and achievements, all based on specific parameters to help traders and brokers.
VT Markets Overview
|Regulated||ASIC (Australian Securities and Investment Commission), CIMA (Cayman Islands Monetary Authority)|
|Product offered||US CFD Shares, HK CFD Shares, Forex, Indices, Soft Commodities, Precious Metals, Energy|
|Minimum Initial Deposit||$200|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Withdrawal fee||No (can be charged by banks or any intermediaries involved)|
|Supported currencies||AUD, USD, GBP, EUR, CAD, BTC, USDT|
|Customer Support||24/7 via Live Chat, Email, & Help Centre Support|
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What Is VT Markets?
VT Markets is a leading Australia-based CFD (Contract for Difference) and Forex broker established in 2016. It is a well-regulated platform and a subsidiary of Vantage Global Prime Pty Ltd, which increases its credibility. Vantage Group Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC), one of the Apex regulatory bodies. VT Markets is also authorized by CIMA (Cayman Islands Monetary Authority) and licensed by SIBL (Securities Investment Business Law).
The broker offers its retail clients superior CFD and Forex trading experience through a perfect blend of ECN and STP account types and raw spreads.
VT Markets User Experience
According to the VT Markets review, the platform provides all-around Forex and CFD trading experience to clients worldwide. The broker offers transparent market access to over 230 financial markets, including Forex, Energy, Indices, Precious Metals, Soft Commodities, Cryptos, HK Shares, and US shares through popular MT4 and MT5 trading platforms for both Web and PC.
Clients can open either of the two primary accounts, Standard STP Account or Raw ECN. STP accounts are commission-free with slightly higher spreads, and Raw ECN Account imposes commission (VT Markets brokerage) but has lower spreads.
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Some Exciting Features Of VT Markets
Some of the essential features available for Forex brokers on the VT Markets platform are:-
Responsive Customer Support
VT Markets has a fully secure client portal (VT Markets website) that Forex brokers can access anytime. The platform offers an impressive customer support team available 24/7 via a dedicated email id. A live chat option is also available for traders whenever they face any issues while trading complex instruments like CFDs or Forex in the financial markets.
Reliable Trading Conditions
VT Markets offers excellent trading conditions and allows traders to create ECN accounts or Standard STP accounts to reap the maximum benefits of low spreads. The ECN accounts start at 0.0 pips, while the lowest spreads for Standard STP accounts at 1.2 pips. Traders are given a choice to open a Raw ECN account or an STP account with zero deposits.
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They compile the highest bid and offer rates from extensive liquidity pools in the core FX market as a trustworthy STP/ECN CFD broker. VT Markets has a long list of top liquidity providers, including Morgan Stanley, J.P. Morgan, Citibank, Goldman Sachs, etc.
Negative Balance Protection
VT Markets offers negative balance protection to its clients. As soon as any client’s trading account balance falls below zero, the best forex broker automatically brings the balance back to zero to prevent clients from losing more than they have on their account.
Regulated by Multiple Authorities
The best part of trading CFDs, Forex, or Indices via VT Markets is that they offer legit, adequately regulated platforms. The trading platform holds regulations under apex authorities like the Cayman Islands Monetary Authority CIMA and Australian Securities and Investments Commission ASIC.
Awards and Recognitions
As a leading Forex broker, VT Markets has achieved many certificates of excellence for conducting business from various authorities. Some popular awards granted to the platform are Best Customer Support Europe 2021, Best Emerging Fintech Forex Broker Australia 2019, Fastest Growing Broker Australia 2019, etc.
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VT Markets has a vast client base spread worldwide, and the broker covers almost all the countries in the world except North Korea and the US. This helps traders trade CFDs in all the available markets.
Wide Range of Trading Instruments
Traders can access a wide range of trading instruments at VT Markets, including Forex, indices, energy, precious metals, and soft commodities, all in CFDs.
Regular Contests and Promotions
VT Markets offers exclusive promotional offers for both new and regular clients. The offers include:-
– A 50% welcome bonus for new traders when they open an account.
– A 20% deposit bonus when they fund their account with more than $1000.
– A $200 referral bonus for those who refer a client by using a personal link.
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Protection of Client’s Funds
VT Markets ensures the protection of their client’s funds. They are held in a segregated account with Australia’s AA rated Commonwealth Bank of Australia (CBA). CBA is the largest financial institution in the country, with a market capitalization of $120 billion and over 16 million customers, and it is constantly ranked in the top 20 list of safest banks in the world. VT Markets also has Professional Indemnity Insurance in place, which covers the work done by representatives, employees, and other authorized representatives that imparts effective education.
VT Markets provides proper training to its traders to help them fully understand the trading tactics and develop the best investment solutions. There is a separate Help Centre section on its website where traders can find tutorials and other information related to essential topics like account creation, deposits, withdrawals, mobile apps, partnerships and promotions, and investment objectives (like where and when to invest money), etc.
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Useful Trading Tools
VT Markets allows its traders to get updates on product adjustments, server updates, and weekly swaps through an extensive list of trading consoles available on its platform. The innovative trading consoles offered by VT Markets include an economic calendar, Forex calculator, MT4 tools, and professional money managers like the MAM/PAMM consoles.
Offices Across the Globe
The parent company of VT Markets, Vantage group, has offices spread across the globe, backed by several top-tier regulatory bodies at international levels.
Services Offered by VT Markets
According to our VT Markets review, the platform offers some of the best Forex trading services in the industry, such as:-
An Extensive Suite of Financial Instruments
At VT Markets, traders can explore multiple financial markets like Forex, Indices, Share CFDs and Cryptos, precious metals like gold and silver, and soft commodities like coffee, sugar, cotton, and cocoa.
Effective Educational Tools
Traders can get help from multiple educational materials available on the broker’s website. By navigating through its Education tab, they can learn Forex trading, watch supporting videos, access MT4, and MT5 guides, etc.
VT Markets offers various trading platforms to its traders like MT4, MT5, Webtrader, and mobile app.
VT Markets Review: Pros and Cons
|Regulated by two top-tier regulatory bodies.||A minimum deposit of $100 is a bit on the higher side for beginners.|
|Trading costs are low.||Access to Trading Central ProTrader tools requires a minimum initial deposit of $500.|
|The lowest spreads are available for ECN accounts.|
|Swap-free Islamic account and demo account available.|
|Proprietary mobile app VT Pro lets traders stay connected to the market from anywhere and everywhere.|
|Allows copy trading.|
|Provides third-party trading signals to let users know the best time to place trades.|
|Indemnity insurance is available.|
|Multiple trading platforms are available.|
|Offers a wide range of tradable assets.|
Trading Platforms Available at VT Markets
VT Markets offers two powerful platforms that can be chosen according to each trader’s needs: MetaTrader 4 and MetaTrader 5.
MT4 offers users commendable benefits like faster order execution, low spreads, and access to over 230 trading assets. Active clients can customize their charts whenever required and adjust the platform according to their trading styles. The MT4 platform is available on desktop, mobile, and WebTrader.
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Apart from MT4, VT Markets also provides its next-generation form, MT5. The MT5 platform helps clients build their trading styles and strategies. MT5 also features additional analytic tools to develop daily market analysis, but it is not available on the web version, which means that traders need to download the app on a mobile device or desktop to do mobile trading.
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Market Instruments Offered by VT Markets
The following financial instruments are available for trading at VT Markets:-
VT clients can access the most liquid FX markets through deep liquidity pools provided by the broker. Traders can access over 40 Forex pairs with leverage of up to 500:1. FX spreads start at 0.0 pips for ECN accounts.
VT Markets allows traders to leverage the most volatile indices markets by linking to the oneZero MT4 platform. The broker allows a transparent pricing model that helps traders gain an edge over the indices market. Traders can access over 15 global stock exchange indices with leverage of up to 500:1.
VT Markets allows traders to trade spot energy contracts through the MT4 platform against powerful US dollars. The energy commodities traded are crude oil, gas oil, gasoline, and natural gas.
Gold and silver are the two precious metals traded on the VT platform through MT4. Precious metals act as a store of value for investors. With VT Markets, users can trade these precious metals by taking advantage of predictable price movements.
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Soft commodities like cocoa, sugar, coffee, cotton, and orange are traded via the MT4 platform on VT Markets. The soft commodity asset class has a robust market, comprising large buyers and sellers backing the futures market.
US CFD Shares
VT Markets allows traders to trade over 50 US blue-chip companies like Google, Amazon, Visa, and more. With its highly liquid US share CFDs, VT Markets offers its clients some of the lowest trading commissions and fees in the industry. Share CFDs are offered at just $6 (or equivalent) per trade to give all traders an edge of low trading costs.
HK CFD Shares
VT Markets clients can trade shares of giant companies on the Hong Kong Stock Exchange through HK share CFDs. All HK CFD shares are available at 20:1 leverage. Share CFDs can be accessed directly from the MetaTrader 4 platform at a commission starting at 50 HKD per order.
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Range of VT Markets Trading Instruments
VT Markets offers various instruments across its MT4 and MT5 platforms. The instruments are classified under the following asset classes:-
- The Forex comprises more than 40 currency pairs. Forex product spreads start at 0.0 pips, with a maximum leverage of 1:500. Forex accounts are available in the ECN and STP versions. Some currency pairs are AUD/CAD, AUD/NZD, EUR/GBP, EUR/AUD, etc.
- For Indices, VT Markets covers more than 15 tradable assets with a maximum leverage of 200:1. They are US2000, TW50, SP500, etc.
- CFD Energies include Crude oil, natural gases, gasoline, and Gasoil. It allows traders to trade oil with zero) monthly rollover charges.
- Precious Metal trading includes gold and silver.
- Soft commodities trading is offered for 6 Instruments: cotton, coffee, cocoa, orange, and sugar.
- Shares can be traded on the platform only through CFDs. The shares offered by the platform are divided into US Shares and HK shares.
How to Open an Account on VT Markets?
There is a provision to create two account types on VT Markets, namely the Standard STP account and the Raw ECN account as per our VT Markets review. Traders can also create a demo account and a swap-free account (Islamic VT Markets Account). Users can open either one of the two primary accounts (Standard STP and Raw ECN) by following these steps:-
Visit the client portal, click on the “Open Live account” tab, and fill in the basic details like name, email id, password, country of residence, and contact number.
Fill in Personal Information
After filling in the above details, the portal directs users to a new page where they are asked to provide some more personal details like date of birth, place of birth or nationality, identification number (as in passport, driving license, or national ID card number)
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Fill in Financial Information
The third step for account creation on VT Markets is to fill in the investor’s financial status and employment details like estimated annual income, trade volume, and trade frequency.
Selection of Account Type
After all the above details are filled in accurately; the broker portal takes the users to a new page where they will be asked to select the account type (STP or ECN) they wish to create and trading platforms (MT4, MT5, or mobile trading application) they want to use. The user also needs to select the base currency in this step.
The verification process is also very straightforward. The users only have to upload proof of identity (passport or driving license) and proof of residence (bank accounts statement or utility bill, which should not be more than 6 months old); After these documents are approved, the platform sends the trading account credentials to the users, who then can fund their account and start trading.
VT Markets Account Types
VT Markets primarily offers two account types that can be accessed via MT4 (MetaTrader 4) and MT5 (MetaTrader 5).
Creating a standard STP account on VT Markets allows traders to access 230 different CFD products, including indices, stocks, several currencies, and commodities. The minimum deposit required to open a standard STP account is $200 or equivalent, without any extra trading commissions or fees imposed by the broker. The floating spread starts as low as 1.2 pips.
ECN accounts allow traders to trade on institutional grade liquidity directly from the world’s largest institutions. The initial investment required to open an ECN account is the same as for the Standard STP account, but there is a commission levied of around $6 on the amount of turnover. Spreads are the lowest for ECN account holders, 0.0 pips.
Like the Standard STP and Raw ECN accounts; VT Markets clients can also create Islamic accounts on the platform, which do not require any swap fees; Islamic account holders can trade currency pairs, indices, and CFDs on stocks and commodities with an initial deposit of $200 or equivalent.
All the above account types hold leverage up to 500:1. Traders can withdraw funds from any of these accounts at their convenience.
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|Raw ECN Account||Standard STP Account|
|Average Spreads||0.0 pips||1.2 pips|
|Leverage||Up to 500:1||Up to 500:1|
|Commission||$6 per round turn||No commissions or fees|
|Type of Execution||ECN||STP|
|Trading Platforms||MT4 and MT5||MT4 and MT5|
|Minimum Trading Size||0.01 lot||0.01 lot|
VT Markets Leverage & Margin Requirements
Multiple regulatory bodies regulate VT Markets; the broker has to comply with the various regulatory policies of a particular jurisdiction in which it operates. Therefore, there may be differences in the leverage offered to traders in various jurisdictions.
Whereas, trading Forex through other global or offshore entities of the broker, traders can enjoy high leverages up to 500:1 for leading currency pairs.
VT Markets Fees
|Fees||STP Account||ECN Account|
Deposit & Withdrawal Methods Supported by VT Markets
The following deposit and withdrawal options are available at VT Markets:-
|Deposit Options||Withdrawal Options|
|Debit Card or Credit Card (Visa or Mastercard) – no deposit fee is charged, and payments are processed instantly.||Debit Card or Credit Card (Visa or Mastercard) – no withdrawal fee is charged, and payments are processed instantly.|
|Bank Transfer – may take 2 to 7 business days to process the payments.||Bank Transfer – may take 2 to 7 business days to process the payments. International bank transfer has withdrawal fees of $25.|
|Electronic Wallets – Neteller, Skrill, UnionPay, and FasaPay deposits are processed instantly and are free.||Electronic Wallets – Neteller, Skrill, UnionPay, and FasaPay withdrawals are free and processed instantly.|
|Cryptocurrencies – Bitcoin, Tether (Omni), Tether (ERC20), Tether (TRC20)||Cryptocurrencies – Bitcoin, Tether (Omni), Tether (ERC20), Tether (TRC20)|
VT Markets Bonuses & Promotions
Pro Trader Tools
VT Markets has partnered with various leading ProTrader consoles like TradingCentral to provide clients with 24-hour investment support, maximum multi-asset coverage, and time-tested trading strategies as per our VT Markets review. It also provides them with top-notch technical analysis and fundamental Forex market analysis. To access the Trading Central tools guide, a minimum deposit of $500 is required, and traders can get updated news about trading leveraged products, real-time price charts and trades, and more.
Free Trading Signal
The Trading Central consoles help active clients to get market insights free of charge. They receive a daily newsletter written by expert analysts with a daily market analysis of trending economic events about currencies, stocks, and commodities trading through the online broker.
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VT Markets offers another exciting promotional offer in the form of cash. Active clients can receive cashbacks on every trade they place via VT Markets. The trading platform converts all the cashbacks received by traders from other offers at USD 3 per lot and credits them daily into their client’s MetaTrader trading accounts. Moreover, the traders can claim cashbacks anytime without limitations, which is one of the best things about the broker.
Attractive VT Markets Referral Program
The referral program offered by the broker is more or less the same as other platforms. Active clients can share their referral links with the audience, and as the referrals use the link to open an account on VT Markets and fund them, the clients start earning a commission of up to $200 per referral. It is a transparent process to earn cash every time a new investor registers on the Forex trading platform using the link shared by existing clients via social media or email.
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VT Markets Affiliate Program
VT Markets affiliate program offers partners a rebate of $8 per lot when they register on the platform as a new broker as per our VT Markets review. There is also an attractive offer for each CPA affiliate in which $1000 is offered when a client qualifies. Affiliates also get the following benefits:-
- Detailed Reporting Tools
- Fast Commission Processing
- Advanced CPA Portal and Next-Gen IB
- The Guaranteed Rate of Conversion
- A Safe and Secure Platform
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Trading Tools Offered by VT Markets
VT Markets offer an extensive suite of trading tools to Forex traders to give them an edge of superior trading experience. The broker offers investment solutions from leading partners like MetaQuotes and Trading Central. Some of the helpful trading tools that the broker offers include:-
Forex Signals: VT Markets does not provide individual trading symbols to clients, but they allow clients to access data from Trading Central tools like Acreage and MetaQuotes Software. Forex signals are suggestions based on technical analysis to prompt traders when and how to place a trade to make the maximum profits. Forex signals include entry points, exit points, most profitable currency pairs to trade, trade directions (long or short), stop loss level, and profit level.
Economic Calendar: With the help of the economic calendar, traders can track potential market-moving events and anticipate real-time price movements in the market.
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Trading Central MT4 Tools: The Trading Central Meta Trader tools host an extensive suite of robust analytics that help traders find the most suitable entry and exit points to trade in the market. Upon successful registration with the broker, users can use the Trading Central tools.
Forex Calculators: With this tool, traders can evaluate the profit based on real-time market prices. The tool helps investors make wiser trading decisions and determine the critical price level trading to yield maximum profits. The top Forex calculators available with VT Markets are the Fibonacci calculator, currency converter, and pivot calculator.
MAM/PAMM: VT Markets offers high-performance MAM or multi-account manager PAMM (also known as percent allocation management module) solutions to meet clients’ trading needs. Both tools help professional account managers and investors to generate passive income.
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VT Markets Supported & Restricted Countries
The VT Markets trading portal is accessible to all residents of different parts of the world, except in some jurisdictions where such distributions or trading contradicts their local laws or regulatory policies.
Residents of countries like the United States, Japan, Canada, Russian Federation, North Korea, and others have regional restrictions and cannot access and trade on the VT Markets trading portal.
VT Markets Security Measures
To keep the clients’ funds safe, the broker keeps clients’ funds in segregated accounts in one of the AA-rated banks Commonwealth Bank of Australia (CBA).
VT Markets Customer Support
VT Markets is backed by a responsive team of customer support executives available 24/7 via email. VT Markets active clients can also take advantage of a live chat for advanced technical support on their desktop and mobile trading platforms. In addition to this, customers can also find a “Help Centre” on the official portal of the broker, where all the trading-related concepts are discussed.
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VT Markets Review: Our Verdict
According to our VT Markets review, the STP and ECN retail investor accounts are reliable and offer low trading costs and industry-leading trading conditions to their clients. Unfortunately, in some reviews, VT Markets is said to be a scam Forex broker, which is not true.
Unlike other brokers, VT Markets boasts multiple top-tier regulators governing the trading conditions, multiple liquidity providers ruling the global financial markets, dual account types with demo account versions for each, automated social trading (copy trading from successful traders), and more. There are attractive deposit bonuses available for active Forex trading clients and other additional trading features like the Trading Central MetaTrader4 plug-in.
Is VT Markets Regulated?
Yes, VT Markets is an authorized broker holding regulations under two top-tier authorities: ASIC and CIMA.
Is VT Markets Legit?
VT Markets is a legit Forex broker offering a reliable platform for traders to trade at the lowest spreads of 0.0 pips. It is the subsidiary of the Vantage group.
Is VT Markets Safe?
Yes, VT Markets is safe. It is registered under 2 tier-1 regulatory bodies, namely the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA).
What Is the Minimum Deposit for VT Markets?
The VT Markets minimum deposit for the ECN and STP accounts is fixed at $200.
Is VT Markets an ECN Broker?
VT Markets offers both STP accounts and ECN accounts. STP accounts are commission-free, whereas ECN accounts charge a commission of $6 per round turn from traders.
Does VT Markets Offer Islamic Account?
Yes, VT Markets offers swap-free Islamic accounts. There is also a provision for creating a demo account that traders can try before they participate in live trading on the platform.
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