VT Markets Review – Is VTMarkets.Com a Legit Firm?
VT Markets is a widely known Forex and CFD trading provider from Australia, where it was primarily regulated. Apart from the AU brokerage license, VT Markets also owns FSCA and CIMA certificates and is registered in SVG.
Clients from over 160 countries all over the world choose VT Markets for their honesty, reliability and exceptional quality of service. Since opening, back in 2015, VT Markets has worked on becoming one of the leading online trading services providers and has thus evolved into a one-stop solution for all trading needs of clients.
Trusted, comfortable and lucrative trading environment is what VT Markets strives to bring to their loyal clients with the help of cutting-edge technology, precise accounts features and dedicated customer service.
We’ll review all of that in our VT Markets review further, so keep reading to find out all you need to know before investing here.
VT Markets Pros and Cons
In the introduction of this article we mentioned the VT Markets trading licenses from ASIC, FSCA and CIMA, with SVGFSA registration. The transparency and safety of funds with VT Markets is ensured by segregated bank accounts for all clients’ deposits, especially for Australian investors. International clients, however, might not be as protected in terms of funds’ safety due to offshore regulations.
The trading environment that brings traders realistic chances of success consists of attractive trading conditions. This refers to tight spreads starting from 0.0 pips, very low commissions and advanced trading technological solutions – MT4 and MT5.
Leverage for AU clients is capped at 1:30, while FSCA doesn’t support the leverage limits, so global clientele has access to leverage of up to 1:500. A circumstance like this could be viewed as dangerous for less experienced traders, but could be changed as per request.
Several channels of communication with fast and responsive staff provide security in problem solving.
Unfortunately, improving your trading knowledge isn’t supported by rich educational material at VT Markets.
|Regulation||ASIC, FSCA, CIMA and SVGFSA registration|
|Instruments||Forex, Indices, Energies, Precious metals, Soft commodities, ETFs, CFDs on Shares|
|EUR/USD Spread||From 0.0 pips|
|Base Currencies||AUD, USD, GBP, EUR, CAD|
|Education||Articles and educational videos on limited subjects|
Is VT Markets Safe? License and Safety of Funds
License from a leading regulator – ASIC, certainly speaks of VT Markets’s legitimacy and honest operating. Referring to that, the process of obtaining that license took VT Markets drastic steps and investments.
First off, every future licensed company has to deposit at least 1.000.000 AUD as a guarantee of their long-term plans for a sustainable business. Next, they have to form contracts with top tier banks to provide segregated accounts for clients’ capital. Safe-keeping of all investments that don’t belong to the broker is guaranteed with this, as it prevents the firm from accessing those funds.
Some other requirements that regulated brokers have to fulfill is limiting the leverage to 1:30 most and enabling negative balance protection, all as strategies of lowering the risk of loss. ASIC also doesn’t allow bonuses, so Australian brokers aren’t able to use promotions.
FSCA is the South African regulatory house, previously known as FSB. Legal brokerages in South Africa all have to acquire a license from this financial entity. In contrast to ASIC regulatory rules, FSCA doesn’t limit the leverage. Although, FSCA makes a solid attempt at protecting customers, thus assisting them in case of dispute, scam and other misfortunes.
CIMA is the jurisdictional regulator for the Cayman Islands. As an offshore zone, it is known for much more loose licensing standards and therefore lower protection available. SVGFSA also ordinates in an offshore zone, but the institution only registers companies, and doesn’t regulate the brokerage activity going on in the area.
Accounts Types Offered by VT Markets
VT Markets offers three standards types of accounts:
- Standard STP account
- RAW ECN account
- Swap free account
Standard STP account offers traders the possibility of buying and selling 180+ currency pairs, Commodities, Indices and Share CFDs with the advanced MT4 and MT5 platforms. Trading on these accounts involves no commissions. Spreads start from 1.2 pips on EUR/USD and the minimum deposit required to open this account is $100.
RAW ECN account offers a great start to your trading journey with spreads starting from 0.0 pips. Since it is so, commissions follow every round turn and they are $6. These accounts also offer trading on MT4 and MT5, while the joining fee is the same as for the STP account.
Specially tailored for Muslim traders, Swap free accounts, as their name describes, don’t involve paying swaps due to religious orientation. Swap free accounts offer two variations in account types:
- Swap free standard STP accounts
- Swap free RAW ECN accounts
Trading Platforms Overview
As most of the world leaders in brokerage projects, VT Markets also enables trading on two most popular and favored trading platforms today:
- MetaTrader 4
- MetaTrader 5
The most notable reason that has made MT4 the world’s most used platform for the last 15 years is its flexibility. MT4 allows traders to customize charts to their liking, thanks to chart studies and an unmatched offer of indicators. No matter the expertise level, your trading knowledge, MT4 has what it takes to reach your expectations in terms of charting. With fast order execution and tightest spreads, you can trade over 200 Forex pairs, indices, commodities and CFD shares.
Even more advanced, complex yet comprehensive and user-friendly than MT4 is only MT5. Representing the next generation of progressive software solutions, MT5 remains at the top of the industry with the unparalleled options in offer. With even more built-in analytical tools, improved trade management and algorithmic trading, MT5 distribution provides access to even more efficient and complex trading strategies.
Trading Instruments Available at VT Markets
Depending on the account type you choose, varying spreads could be as low as 0.0 pips on major currency pairs. Although the leverage is restricted to 1:30 for ASIC jurisdiction, international clients can access leverage of up to 1:500.
The list of tradable financial products in offer looks like this:
- Forex pairs (EUR/USD, USD/GBP, GBP/AUD, USD/NZD, EUR/PLN, JPY/CHF)
- Indices (DAX30, CHINA50, BVSPX, DJ30, EU50, HK50)
- Energies (Natural gas, Brent crude oil)
- Precious metals (Silver, Gold, Copper)
- Soft commodities (Cocoa, Coffee, Cotton, Orange juice, Raw sugar)
- ETFs (ARK Innovation, Global X Blockchain ETF, Invesco DB Agriculture Fund)
- Bond CFDs (Euro – Bund Futures, Euro – BOBL Futures, UK Long Gilt Futures)
- CFDs on UK, US, EU and HK shares (Apple, Burberry, L’Oreal, Bank of China)
Deposits and Withdrawals Methods
With the priority on speed and safety, VT Markets makes depositing fast, secure and fee-free. However, note that the broker can only cover the fees that they see. Other costs may come from involvements of other parties, such as the banks which are the credit/debit cards issuers and your account managing bank.
Either way, VT Markets allows depositing to be performed through several highly reliable sources:
- Credit and debit cards
- Bank wire transfers
- E-wallets (Neteller, Skrill)
- Crypto assets (BTC, USDT, ETH, LTC)
Regardless of the account type you choose, opening a live account with VT Markets will cost you $100, which is more or less in range with other acclaimed brokerage houses.
Withdrawals are generally being processed during the first 24 hours after submitting and are taking no more than 1 to 7 business days to complete and for the money to appear on your account.
VT Markets Offers Bonuses and Promotions
If you find yourself enjoying trading at VT Markets, you have the option to refer a friend and then earn a bonus for it. When your referral opens a live trading account, funds it and starts trading, you are eligible for a $200 deposit per referral.
Other two promotions at VT Markets involve bonuses awarded upon funding your trading account:
- 50% welcome bonus that applies after you choose your account type and deposit for the first time
- 20% deposit bonus that traders can earn after depositing at least $1.000 to their trading account
Depending on the jurisdictional regulators in charge of specific areas, not all clients can have access to bonuses. Apart from that, do not forget that these rewards are not eligible for withdrawing and the company may retract the funds.
VT Markets endeavors to respond to support tickets and queries shortly. If the Help Center doesn’t contain the possible solution to your issue in form of a written instruction, you can still contact the customer support office through:
- Email at [email protected]
- Live chat through a feature on the website for instant messaging the support agent
- Callback available for appointments made on the VT Markets site
Apart from those, the website lists several physical addresses of the offices in Australia, SVG and Taiwan.
VT Markets Overall Summary
Several regulations prove VT Markets to be legal and trustworthy brokerage oriented at Forex and CFD trading. The implementation of two most favored trading platforms MT4 and MT5 would undoubtedly attract numerous traders to invest here and try out the impeccable service.
The downside to being a client of VT Markets is that traders from non-Australian locations aren’t as protected and if less experienced, they might be under greater risk of loss due to increased leverage. Perhaps VT Markets directs their services at professionals, since the educational sources aren’t as rich as you’d expect an acclaimed brokerage to have.
Either way, trading at VT Markets does bring certain risks but could also result in a lucrative outcome for a skilled trader. If interested in investing here, trying out the conditions with a Demo account is suggested as a first step. It costs nothing and brings valuable information.
FAQs About VT Markets Broker
What Account Types Does VT Markets Offer?
Accounts available at VT Markets are: Standard STP account, RAW ECN account, Swap free account.
Does VT Markets Offer Demo Account?
Yes, you have an option of a 90 days trial trading on a Demo account with virtual funds.
What Are The Deposit Methods and Fees at VT Markets?
Funding your live trading account at VT Markets is possible through credit and debit cards, bank wire transfer, e-wallets and crypto currencies.
What Is the Minimum Deposit at VT Markets?
Regardless of the account type, the minimum sum to invest in order to open a live account is $100.
Does VT Markets Have a Mobile Trading Application?
VT Markets offers an option of trading on mobile devices by downloading MT4 and MT5 mobile versions.