VT Markets Review 2024
United States not accepted.Awards
- Most Accessible Trading Brokerage 2024, Acquisition International
- Fastest Growing Multi Asset Broker Europe 2024, Cosmopolitan The Daily Business Awards
- Best Online Trading Services 2024, ADVFN International Financial Awards
- Best Forex CFD Broker UAE 2024, Global Business Magazine
- Best Multi-Asset Broker MENA 2024, Global Business Review Award Magazine
- Fastest Growing Broker Europe 2024, Global Business Review Award Magazine
- Most Transparent Forex Broker LATAM 2024, Global Business Review Award Magazine
- Best Forex Demo Account UAE 2024, World Business Outlook Magazine
- Best Forex Customer Service Broker UAE 2024, World Business Outlook Magazine
- Most Reliable Trading Platform MENA 2024, Brands Review Magazine
- Best MT4 & MT5 Trading Platform EMEA 2024, Brands Review Magazine
- Best Multi-Asset Broker MENA 2024, International Business Magazine
- Most Reliable Trading Platform MENA 2024, International Business Magazine
- Most Transparent Forex Broker MENA 2024, International Business Magazine
Pros
- Spreads are competitive based on tests, coming in at 0.2 pips for EUR/USD in the ECN account, aligning with top brands like Pepperstone
- Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
- Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
Cons
- The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
- Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
VT Markets Review
VT Markets is an Australian-based trading broker with clients in over 160 countries. Over 1000 instruments are available with zero-pip spreads, ultra-fast execution speeds, joining deposit bonuses, and 24/5 customer support in multiple languages.
In this 2024 review, we help you discover if VT Markets is right for you, with details on available assets, minimum deposits, withdrawals, MT4 platform downloads, leverage and more.
Company Details
VT Markets PTY Ltd is a multi-asset broker that promises to be a one-stop shop for all trading needs.
It is based in Sydney, Australia, but has a global presence with clients in the EU, UK, Canada, and Asian jurisdictions, such as Thailand. VT Markets now has over 70,000 clients on their books and has recently opened a new office in Malaysia that will offer regional support to customers and affiliates.
The firm was founded in 2015. VT Markets is regulated by well-regarded global authorities: ASIC in Australia and FSCA in South Africa. In addition, the brokerage is registered with the FSC in Mauritius.
VT Markets aims to put innovation at the forefront of its services, helping modern traders capitalize on market opportunities in their daily lives. The broker caters to traders looking for fast execution speeds, reliable customer support, user-friendly platforms, plus fast deposits and withdrawals.
Trading Platforms
VT Markets prides itself on its technological capabilities. Therefore, it’s no surprise to see it offers the most popular trading platforms on the market: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Plus, VT Markets boasts the oneZero™ MT4 Bridge, which enables low latency and fast execution across multiple asset classes at all times of the day.
Clients can also access the VT Markets App, Webtrader, and Web Trader+, providing user-friendly alternatives to the well-known MetaTrader suite.
MetaTrader 4
Our experts found the platform offers:
- 9 timeframes
- 2 market orders
- 4 pending orders
- Interactive charts
- 3 execution modes
- 23 analytical objects
- 30 technical indicators
- 2 stop orders and a trailing stop
- Plus, the MT4 Market offers access to a further 1,700+ trading robots and 2,100+ technical indicators
MetaTrader 5
MT5 builds on this, offering a wider selection of built-in tools and functionality:
- 21 timeframes
- 80 technical indicators and analytical tools
- Allows opening up to 100 charts of currency and stock quotes at a time
VT Markets offers free downloads of MT4 and MT5 directly from their website. Just sign up for an account with the broker, download the software and log in using the credentials provided by VT Markets.
Note, a web trader solution is also available through the broker’s website.
How To Make A Trade
To enter a new trade on the MetaTrader platforms:
- Select the New Order icon (white page in the top menu bar)
- Choose an asset from the drop down list
- Enter the volume
- Input any stop loss and take profit levels
- Add any trade comments
- Choose between instant execution and pending order
- Confirm the trade
WebTrader+
TradingView is one of the best charting platforms with a host of analytical tools. It’s home to more than 100 indicators, 50 drawing tools and timeframes from one minute through to one month.
The web-accessible platform also has an active trading community, with 30 million monthly users. Traders can see public threads next to charts and share ideas.
It’s ultimately a great tool for beginners looking to engage with experienced traders who in turn can conduct advanced technical analysis on the platform’s charts and graphs.
TradingView can be opened by selecting WebTrader+ in the client dashboard.
Assets & Markets
3.8 / 5VT Markets provides an impressive selection of 1000+ assets:
- Forex – 40+ currency pairs, available for trading 24/7 during weekdays, leverage up to 1:500 depending on your jurisdiction, experience and the asset volatility
- Indices – 15+ world stock exchange indices, including S&P 500, DAX30, and FTSE 100
- Energy – Spot energy contracts against the US dollar on Crude Oil (Cash/Future), Natural Gases, Gasoline and Gasoil
- Precious Metals – Gold, silver and copper contracts against the US Dollar and Euro
- Soft Commodities – Cocoa, coffee, cotton, orange juice and raw sugar contracts
- US CFD shares – 500+ US blue-chip stocks starting at just $6 per trade, long and short positions available, 1:20 leverage
- HK CFD shares – 50+ companies listed on the Hong Kong Stock Exchange, starting at just 50HKD per trade
- EU CFD shares – 140+ European shares with low fees on the MT5 platform
- UK CFD shares – 100+ equities listed on the LSE, 1:20 leverage
VT Markets also offers bond CFDs and ETFs.
Spreads & Commission
When trading with VT Markets, spreads are charged on forex, commodities and indices. The spread is the difference between the buy and sell price of an asset. It is essentially the mark up that a broker makes when selling to you. All spreads are live and vary by account type, with ultra-tight zero-pip spreads available.
The ECN Raw account offers some of the lowest spreads in the industry. Prices are sourced directly from large liquidity providers, meaning clients receive the same prices as institutional traders. Spreads start at 0.0 pips with this account. On the Standard STP account, spreads start at 1.2 pips for the EUR/USD, 1.8 pips on GBP/USD and 1.6 pips on AUD/USD. To view the live spreads per asset, visit the MetaTrader platform and click ‘Market Watch’ then ‘Spreads’.
On the ECN account, there are also commission charges. These are priced differently depending on the trading account currency. For USD this is $0.03 (round turn $0.06) per 0.01 lots (1,000 base currency). For AUD this is AUD $0.03 (round turn $0.06) and GBP £0.02 (round turn £0.04).
Leverage
VT Markets allows traders to utilize leverage on both forex and CFD contracts. This means clients can open positions that are larger than their original deposit.
Leverage multiplies the results of a trade, so a position opened with a 1:20 leverage could make 20x the profits that the deposit would have. However, this also comes with risk since losses are amplified too. Therefore, traders should consider their risk appetite before making a leveraged trade.
VT Markets offer leverage up to 1:500 depending on the asset traded. This limit is available by application only via your Client Portal. In most jurisdictions, leverage limits apply due to the measures imposed by the regulatory authorities. Therefore, to reach these high leverage allowances, you may have to prove that you are operating as a professional trader.
Mobile App Review
VT Markets offers MetaTrader 4 and MetaTrader 5 on mobile apps. MT4 and MT5 are available for download on iOS and Android. These enable traders to operate while on the go, viewing their portfolio’s progress and executing trades at any time of day.
The mobile apps offer a similar level of functionality as the desktop solutions, however, most traders prefer to complete detailed analysis on the desktop, as the larger screen size makes operating easier.
VT Markets also offers its own proprietary mobile app, VT Markets App. It provides access to 230+ trading instruments, in-depth financial analysis and smart risk-management. One-click trading and customizable watchlists can also be set up.
Deposits & Withdrawals
To deposit funds with VT Markets, visit the Client Portal upon registration, click ‘Funds’ and ‘Deposit’. Select from the payment methods available to begin the transaction.
Both wire transfer and credit/debit card deposits are available. Plus, there is the option to deposit with e-wallets like AliPay, Skrill and UnionPay. Deposits usually arrive in your account within 60 minutes of a successful transaction.
If funds are not showing as expected, VT Markets advises you to contact deposit@vtmarkets.com with your transaction receipt, trading account number and the payment ID. The customer service team will investigate the issue and aim to resolve it as soon as possible.
The minimum deposit amount is 50 to 500 USD. At the higher end of the scale, this may be a fairly steep threshold to achieve, particularly for traders that are new to the platform. There are brokers in the industry that offer lower minimum deposits, or none at all.
When withdrawing funds from VT Markets, first your payment details will need to be verified. Visit the Client Portal, ‘Funds’, then ‘Withdraw Funds’. Here you will be able to view your balance minus any bonus credits.
Credit/debit cards and bank wire transfers take 3-7 days to process. Other payment methods can be much quicker. E-wallets and USDT withdrawals take 1-3 working days.
Demo Account
VT Markets offers a demo account for all traders.
To open one, visit the website and input your details. In just five steps, you’ll be ready to start practising. You’ll have the option to configure your account by selecting the platform, account type (which will impact the prices offered), base currency, leverage and account deposit amount. You’ll immediately be provided with the login details required to get started. Just visit the MT4 platform to start trading.
Your demo account account will be live for 90 days.
Promotions & Bonuses
New VT Markets clients can opt-in to a 50% welcome bonus up to $500. If your first deposit exceeds $1000, you’ll receive an additional 20% bonus for everything beyond that value up to a credit value of $10,000.
However, be sure to read the terms and conditions. Credit cannot be withdrawn, and losses will come from your account balance, not the credit amount. Therefore, the bonus may not be beneficial to your bottom line.
VT Markets also offers a string of other deals for new and existing users. This includes a 7 day loss recovery feature for new account holders, free trading signals, and cashback for active traders. Clients can opt in or out of deals by heading to the ‘Promotions’ tab within the Client Portal.
Regulation & License
VT Markets is regulated by several financial authorities:
- Australian Securities and Investments Commission (ASIC): The ASIC enforces stringent financial standards, including negative balance protection and segregated client funds. (AFS No. 516246)
- Financial Sector Conduct Authority of South Africa (FSCA): The FSCA is respected and oversees the South African financial industry. (FSCA No. 50865)
- Mauritius Financial Services Commission (FSC): The FSC oversees Mauritius’ non-bank financial services sector and foreign business and is a higher-risk regulator. (FSC License No. GB23202269)
Additional Features
VT Markets provides an excellent range of additional services through some of the industry’s best third-party software providers:
- Forex Signals – Available from leading signal providers, MetaQuotes, Trading Central and Acceage, many of which are free of charge.
- Expert Advisors – There are no restrictions on automated trading on VT Markets. A selection of EAs are available from the MT4 code base, or you can write your own using MetaEditor.
- Market Analysis – Daily market focus blogs covering all major assets provided on the VT Markets website.
- Forex Education – For new traders, the VT Markets forex 101 guides cover the basics.
- Forex Calculator – Fibonacci and pivot calculators, currency converters and Stop Loss/Take Profit levels.
- Economic Calendar – Useful information on world calendar events.
- MAM/PAMM Accounts – Multi account manager (MAM) and per cent allocation management module (PAMM) service options available to all traders.
- Trading Central ProTrader Tools – For clients with a minimum of $1,000 in their account, ProTrader Tools provides trade set-up ideas, technical analysis on over 80,000 assets and next-generation AI market news.
Account Types
When we used VT Markets, we found the broker offers three live accounts:
Standard STP Account
- Lightning-fast execution speeds on the Equinix Fibre Optic Network
- Accounts available in AUD, USD, GBP, EUR, CAD
- Minimum order size of 0.01 lot
- $0 commission on all tradeable assets
- Spreads starting at 1.2 pips
Raw ECN Account
- Institutional grade liquidity
- Lowest spreads in the industry, starting from 0 pips
- Commission is charged at $6 (per round turn)
- AUD, USD, GBP, EUR, CAD base currencies
Islamic
- Swap-free trades designed for Muslim traders
- Available with both STP and ECN specification
How To Open A Live Account
Follow the ‘Visit’ link at the top or bottom of this review. Next, click on ‘Open A Live Account’. Enter basic contact information, including your name, email address, phone number, and country. Then follow the on-screen instructions and verify your account using the link provided.
It takes less than 5 minutes to open a live account.
Trading Hours
VT Markets is available for trading 24 hours a day. With over 40 currency pairs, there will be a market open at all times of day. However, you will want to look out for the most liquid times for the best spreads.
- USD/GBP – 12:00 – 16:00 GMT
- AUD/JPY – 6:00 – 8:00 GMT
- GBP/JPY – 7:00 – 9:00 GMT
Customer Support
3.8 / 5VT Markets has a help centre on the website that will enable you to self-serve any answers to questions. This should be your first port of call for any queries. For more complex questions, try the live chat function.
24/5 customer support is also available in multiple languages. VT Markets provides a contact email address: info@vtmarkets.com. For urgent queries, request a callback by visiting ‘Contact Us’ on the website.
The broker has a presence on social media on both LinkedIn and Facebook, however, the pages are not responsive for customer service queries.
Safety & Security
VT Markets promises the following with regards to the safety of your personal information and funds:
- Segregated Funds – As a regulated broker, VT Markets is required to keep customer funds segregated from that of the business. In the event of liquidation, your funds will be secure. The money is held in Australia’s AA rated Commonwealth Bank of Australia (CBA).
- SSL Encryption – Registration and all electronic payments are processed through the Secure Sockets Layer, meaning they’re encrypted at all points during the transaction.
VT Markets Verdict
VT Markets is a great choice for traders looking for tight spreads combined with strong technological capabilities. With fast execution speeds and unrivalled access to some of the top third-party software, including MT4, MT5, and Trading Central, VT Markets has combined the best of the industry to deliver an all-in-one service to it clients.
FAQs
Is VT Markets A Legitimate Broker?
VT Markets is a legitimate online trading broker that is regulated by the Australian Securities and Investment Commission (ASIC), the FSCA in South Africa, and the FSC in Mauritius.
This should provide Australian traders, in particular, with a significant level of trust since the ASIC aims to protect retail traders from undue risk.
Is VT Markets Regulated?
Yes, VT Markets is regulated by the Australian Securities and Investment Commission (ASIC). They are also regulated by the FSCA in South Africa.
For clients from the rest of the globe, the firm is registered with the Mauritius Financial Services Commission (FSC). This regulator is less stringent than ASIC and European authorities, so global traders should be cautious.
Does VT Markets Provide Swap-Free Accounts?
Yes, VT Markets offers swap-free Islamic accounts on both their Standard STP and Raw ECN options. Muslim traders can receive all the same benefits as the standard accounts, including tight spreads and no commission, all with the additional benefit of being swap-free.
What Trading Platforms Does VT Markets Provide?
VT Markets provides the well-regarded MetaTrader 4 and MetaTrader 5 platforms. These forex titans are hailed for their customization and wide range of analytical tools.
The broker also offers the VT Markets App, Webtrader, and Web Trader+, delivering a user-friendly trading experience.
Does VT Markets Provide A Welcome Bonus?
Yes, new VT Markets clients can benefit from a 50% welcome bonus up to a value of $500. For deposits beyond the $1000 mark, clients will receive an additional 20% bonus.
However, make sure to read the terms and conditions. It is not possible to withdraw credit funds and losses will be taken from the account balance.
Top 3 Alternatives to VT Markets
Compare VT Markets with the top 3 similar brokers that accept traders from your location.
- IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- FOREX.com – Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
VT Markets Comparison Table
| VT Markets | IG | Interactive Brokers | FOREX.com | |
|---|---|---|---|---|
| Rating | 4 | 4.7 | 4.3 | 4.5 |
| Markets | CFDs, Forex, Commodities, Stocks, Indices | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Forex, Stocks, Futures, Futures Options |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | 50 – 500 USD | $0 | $0 | $100 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | $100 | 0.01 Lots |
| Regulators | ASIC, FSCA, FSC | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | NFA, CFTC |
| Bonus | 50% Welcome Bonus | – | – | Active Trader Program With A 15% Reduction In Costs |
| Education | Yes | Yes | Yes | Yes |
| Platforms | VT Markets App, Webtrader, Web Trader+, MT4, MT5, TradingCentral | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
| Leverage | 1:500 | 1:30 (Retail), 1:250 (Pro) | 1:50 | 1:50 |
| Payment Methods | 12 | 6 | 6 | 8 |
| Visit | – | Visit | Visit | Visit |
| Review | – | IG Review |
Interactive Brokers Review |
FOREX.com Review |
Compare Trading Instruments
Compare the markets and instruments offered by VT Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| VT Markets | IG | Interactive Brokers | FOREX.com | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | Yes | Yes | No | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | Yes | Yes | No | No |
| Silver | Yes | Yes | No | Yes |
| Corn | No | No | No | No |
| Crypto | No | Yes | Yes | No |
| Futures | No | Yes | Yes | Yes |
| Options | No | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | No |
| Bonds | Yes | Yes | Yes | No |
| Warrants | No | Yes | Yes | No |
| Spreadbetting | No | Yes | No | No |
| Volatility Index | Yes | Yes | No | No |
VT Markets vs Other Brokers
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