VT Markets Review 2024


4 / 5
VT Markets is #41 in our CFD broker rankings.

VT Markets is a great choice for regular traders who are looking for very tight spreads and powerful charting software. The broker's share CFD offering is particularly strong, with hundreds of commission-free assets spanning multiple global markets.

- Daytrading Review Team

Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of day trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

$200
MT4, MT5, TradingView, TradingCentral
CFDs, Forex, Commodities, Stocks, Indices
50% Welcome Bonus
USD, EUR, GBP, CAD, AUD
Alipay, UnionPay, Debit Card, Credit Card, Wire Transfer, FasaPay, Skrill, Neteller, Visa, Mastercard, Apple Pay, Google Wallet
Forex Trading

VT Markets offers an average selection of 40+ forex pairs with up to 1:500 leverage. Forex spreads in the ECN account are highly competitive, starting from 0.0 pips, although the 1.2-pip minimum quotes in the Standard account are a little higher than the likes of Pepperstone or IC Markets.

Stock Trading

Traders can access an excellent choice of 800+ share CFDs with up to 1:20 leverage and the option to trade with zero commission. The diverse selection covers US, EU, UK and HK exchanges, which should offer plenty of opportunities for more experienced investors.

CFD Trading

VT Markets offers over 1000+ CFDs spanning currencies, stocks, indices, ETFs and commodities. The MetaTrader charting platforms provide dozens of technical tools alongside integrated market analysis resources and zero restrictions on short-term trading strategies.

Copy Trading

VT Markets continues to offer copy trading via its proprietary service, VTrade. Followers can choose from 100+ strategy providers through a user-friendly platform, whilst providers can boost their earnings through the rebate scheme.

Awards

  • Best Research House Europe 2022
  • Best Forex Broker Australia 2022
  • Best Forex Customer Service 2022
  • Best Forex Mobile App 2022
  • Most Innovative Online Trading Platform 2022

✓ Pros

  • 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
  • Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
  • 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
  • There’s a strong range of payment methods, including bank wire, credit cards and e-wallets, plus 5 base currencies to choose from
  • VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
  • A proprietary copy trading service, VTrade, is available on two platforms, with access to 100+ providers
  • You can open an account in less than 5 minutes with just a $100 starting deposit

✗ 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 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 Singapore and 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. The Managing Director and CEO is Chris Nelson-Smith. VT Markets is also regulated by well-regarded global authorities: ASIC in Australia and FSCA in South Africa. In addition, the brokerage is registered with the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).

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.

New users can get started with a $200 minimum deposit.

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 popular charting platform, TradingView.

MetaTrader 4

Our experts found the platform offers:

VT Markets MT4 web platform
MetaTrader 4

MetaTrader 5

MT5 builds on this, offering a wider selection of built-in tools and functionality:

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:

  1. Select the New Order icon (white page in the top menu bar)
  2. Choose an asset from the drop down list
  3. Enter the volume
  4. Input any stop loss and take profit levels
  5. Add any trade comments
  6. Choose between instant execution and pending order
  7. Confirm the trade
VT Markets trading guide
New Trade

TradingView

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.

TradingView charts at VT Markets
TradingView

Assets & Markets

VT Markets provides an impressive selection of 1000+ assets:

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).

VT Markes 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. 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.

VT Markets trading app
VT Markets Mobile App

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 200 units of the base currency. This is a fairly high threshold to achieve, particularly for traders that are new to the platform. There are brokers in the industry that offer much 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 some of the top global authorities. In Australia, the firm is licensed with the Australian Securities and Investments Commission (ASIC). Australian clients will benefit from the security this provides, including negative balance protection and segregated client funds.

The firm is also regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and registered with the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).

Additional Features

VT Markets provides an excellent range of additional services through some of the industry’s best third-party software providers:

VT Markets trading tools
Economic Calendar

Account Types

When we used VT Markets, we found the broker offers three live accounts:

Standard STP Account

Raw ECN Account

Islamic

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.

Benefits Of VT Markets

While using VT Markets, our traders highlighted several key advantages:

Drawbacks Of VT Markets

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.

Customer Support

VT 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:

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 and MT5, ZuluTrade, 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) and the FSCA in South Africa. This can provide Australian traders with a significant level of trust since the Commission 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 Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). This regulator is less stringent than ASIC and European authorities, so traders should implement their own risk management strategies.

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.

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.

  1. 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.
    Go to IG
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, 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.
    Go to Interactive Brokers
  3. Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to Forex.com

VT Markets Comparison Table

Compare VT Markets With Similar Brokers
VT Markets IG Interactive Brokers Forex.com
Rating 4 4.4 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, Spot Metals
Demo Account Yes Yes Yes Yes
Minimum Deposit $200 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Regulators ASIC, FSCA, SVGFSA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB NFA, CFTC
Bonus 50% Welcome Bonus Active Trader Program With A 15% Reduction In Costs
Education Yes Yes Yes Yes
Platforms MT4, MT5, TradingView, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), 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.

Compare VT Markets Trading Instruments
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 No
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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The most popular VT Markets comparisons:

  1. Vantage vs VT Markets

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Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of day trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.