VT Markets is an online trading company that offers financial services to customers all over the world. Headquarters are located in Australia, with other offices in Cayman and Taipei.
This company has been in the industry for over 10 years, exceeds 4 million trades per month, serves over 200 thousand accounts, and goes up to 200 billion in monthly trade volume.
All these numbers show us that it’s a big company that operates successfully, covering the needs of numerous pleased customers.
As every acclaimed broker needs to be, VT Markers has been regulated by ASIC in Australia and CIMA. These two major regulators guarantee that the broker operates legally and has a strong, sustainable business.
|Platforms||MT4, MT5, WebTrader|
|Instruments||Cryptocurrencies, Currency pairs, Indices, Commodities|
|EUR/USD Spread||0.0 to 1.2 pips|
|Base Currencies||AUD, USD, GBP, EUR, CAD|
VT Markets License and Regulation
All brokers who intend to do business and expand their client range have to be licensed and fully regulated by jurisdictional regulators.
Top-tier regulators are there to make sure the brokers aren’t fraudulent scammers whose purpose is to defraud their clients.
For the purpose of avoiding being a victim of cyber theft, everyone should first and foremost pick a regulated broker.
VT Markets is a broker that has been regulated and licensed by two major regulators: ASIC and CIMA. This means that this broker is trustworthy and that you can be sure that your funds are safe.
You can deposit money, safely withdraw it, and trade to your content, knowing that your funds are in safe hands.
Trading Instrument Available at VT Markets
VT allows users access to various trading instruments but only CDF and FX. CFDs include energy soft commodities, precious metals, indices, and US and HK Share CFDs. Cryptocurrencies are also included and they are available for trade as other major ones.
All the instruments available make a huge pool to choose from, that number is over 1000 and with spreads from 0.0 pips.
It’s important to mention that the company offers 51 different ETFs that track the performance of the technology, energy, and mining sectors. Since 33:1 leverage is offered, clients are free to start with a very low initial margin.
Account Types Offered at VT Markets
There are two basic account types at VT Markets:
- Standard STP
- RAW ECN
Standard STP accounts feature some of the tightest spreads in the FX industry. You will have the best liquidity providers chosen for you so you can have the lowest spreads.
This account is supported by MT4 and MT5, the minimum deposit required to open it is $100, the trading bonus is included and the commission is $0.
RAW ECN accounts offer the trader the most cost-effective FX trading solution. RAW ECN account is also supported on MT4 and MT5, minimum deposit required is and also a $100 trading bonus is available but the commission is included. It is however as low as $6 per standard lot, per round.
One feature that is especially important to potential investors who belong to the Islamic religion is that they can also open an account with VT Markets that doesn’t contradict their religious beliefs.
Muslim traders can use trading instruments without interest fees for overnight positions or those over the weekend. To balance this out, account owners are charged administration fees on positions. This fee is deducted from the account’s total balance.
Muslim investors also have two options to choose from when starting their account:
- Swap-free standard STP
- Swap-free RAW ECN
Trading Platform Used at VT Markets
Trading platforms used at VT Markets are the most popular ones in the online trading industry today:
- MetaTrader 4
- MetaTrader 5
The main reason for the huge popularity of MT4 is its well-known flexibility. It gives the user opinion to customize it using indicators and chart studies.
On this trading platform, clients have very low spread available, can trade fast, have no restrictions on trading, and have available over 200 Forex pairs, indices, commodities, and CFD shares. MT4 can be accessed from any of the most used web browsers today.
MT5 precedes its predecessor, MT4, in several ways, making it the most recommended trading platform today. On MT5, users can have more time frames on an indefinite number of charts in their watch list. Something they were previously limited with on MT4. The built-in alerting system allows clients to track important changes in the market.
Deposits and Withdrawals Methods
The minimum deposit amount at VT Markets is $200. For depositing ways available, there are many and clients can choose what suits them most and what they feel most comfortable with.
Some of the ways of payment provided are credit or debit card payments, domestic and international bank transfers, Skrill, Neteller, and Bitcoin.
As for the withdrawal procedure, VT Markets doesn’t charge any internal fees to allow the withdrawal of funds. The same method of withdrawal is used as the one user has initially deposited their investment with.
The only fees applied are those that could come depending on the payment provider and financial institution. VT Markets doesn’t charge withdrawals and the procedure is fast and secure as it’s usually processed within 24 hours.
Depending on the way chosen for the money transfer, it takes between 1 and 5 business days for the money to arrive.
VT Markets Offers Bonuses and Promotions
There are several types of bonuses and promotions that VT Markets can reward their clients with:
- Friend referral
- Deposit bonus
- Several other offers
VT Markets clients have the possibility of earning up to $200 for every referral that opens an account at VT Markets and funds it to start trading.
One user can refer up to 100 of their friends to join VT Markets and they aren’t eligible for using other bonuses on the site conjoined with the referral bonus.
To prevent the misuse of this benefit, VT Markets keeps the right to check and verify every newly joined account by referral link.
The deposit bonus is another great motivator to encourage traders to join and start trading. Every newly joined client is eligible for this bonus only if they open a Live and not Demo account.
After making an initial deposit, they can be given a deposit bonus that sums to 50% of the initial deposit up to $500 and 20% of the subsequent deposits. Subsequent deposits are those deposits made after the initial deposit.
Education and Resources
VT Markets generously shares its knowledge of online trading by publishing articles that many clients can find educational and useful. It doesn’t matter if someone is an amateur trader or a professional, reading these articles to enrich one’s knowledge is always beneficial to their trading skills.
Featured articles are mostly about Forex. Users here can choose between what interests them most and there are plenty of articles to read on the basics of Forex.
These articles clarify crucial facts about spreads, margins, currency pairs, leverage, pips, what the FX market is at all, why it is so recommended, and numerous other texts.
For those that prefer to watch rather than read, VT Markets has uploaded to their site a rich library of educational videos. These videos feature the aforementioned subjects, are very professionally done, and are quite understandable and explanatory for all.
VT Markets provides customer support to users in the following ways:
- Phone call
Livechat that VT Markets offers is quick and very responsive to clients’ questions. It can be accessed from the website and upon opening immediately suggests possible subjects to provide information on.
Users can always contact support at [email protected] and describe their problem in detail while the dedicated staff will reply as soon as possible with a valid explanation or solution.
Besides this, the site offers us contact addresses of several offices, including the head office in Australia, the Cayman office, and the Taipei office.
In case customers prefer to get in touch via phone call, they would have to request a callback and agree on the suggested time and date of the call.
The only con to the entire customer support service on VT Markets is probably that its availability is limited to working days. This means it’s missing the weekends and is therefore available 24/5.
VT Markets Overall Summary
As an online financial services company, VT Markets provides plenty of features, tools for trading and even learning options for those less informed traders. By offering numerous services and operating legally over the course of many years, this company has ensured its clients in their trustworthiness.
Depositing money has been made easier by using various payment methods and it’s up to the client to decide whichever they prefer. Withdrawals are processed fast and without fees and added commission.
Along with that, trading has been made a lot easier, flexible, and fast by using the outstanding MT4 and MT5 which are reliable, customizable, and user-friendly.
With the aforementioned, VT Markets offers plenty more features to make the trading experience for their users as comfortable as possible. So, this is a broker we highly recommend, along with many other users leaving their high ratings and positive reviews of this firm.
FAQs About VT Markets Broker
Are the Funds in my Trading Account Safe at VT Markets?
Being fully regulated and licensed, VT Markets can provide their customer’s safety of their funds.
How Can I Deposit Funds at VT Markets?
Depositing at VT Markets is available via credit or debit card payments, domestic and international bank transfers, Skrill, Neteller, and Bitcoin.
What Documents are Required to Create a Live Account at VT Markets?
Basic user information is provided first, along with a personal ID or passport needed for verification.
What Account Types Do VT Markets Offer?
Standard STP and RAW ECN account types are available, plus those same ones but swap-free for Muslim users.
Does VT Markets Offer Demo Account?
Yes, for traders who aren’t sure if to invest yet, a Demo account is available.