Written by ForexBrokers.com
In this head to head comparison of FP Markets vs VT Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2005, FP Markets is a well-regarded online broker that holds a ForexBrokers.com Trust Score of 89, indicating a solid level of trust. Though not publicly traded or a bank, the company stands out with two Tier-1 licenses, which are considered highly trusted by the industry, and one Tier-2 license. These credentials make FP Markets a reliable choice for traders seeking a dependable platform.
In comparison, VT Markets started operations later in 2016 and carries a ForexBrokers.com Trust Score of 70, reflecting an average risk level. While also not publicly traded or a bank, VT Markets supports its credibility with one Tier-1 license and one Tier-2 license. Despite its shorter track record, VT Markets offers a reasonable option, particularly for those looking for a straightforward trading experience.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
FP Markets is a globally recognized broker known for its competitive pricing structure, particularly through its commission-based ECN account. Offering diverse trading platforms such as MetaTrader and cTrader, FP Markets provides traders with appealing financial terms, including low spreads nearing 0.1 pips on average in their Raw ECN account and 0.8 pips with commission. While its Standard account comes with higher spreads (approximately 1.1 pips for EUR/USD as of October 2023), the company's Iress platform offers a high-end experience for active traders with tiered account options. Despite the somewhat pricey Iress ViewPoint account, FP Markets was awarded Best in Class for Commissions and Fees in 2024, earning a 5-star rating and ranking 6th out of 63 brokers for its cost-effective fee structure.
VT Markets provides a simple yet competitive trading fee structure with two primary account options: the commission-free Standard STP and the Raw ECN account. The Standard STP account features higher spreads around 1.2 pips for the EUR/USD, whereas the Raw ECN account offers a more economical spread of 0.83 pips, including commission. This model is typical in the industry; however, it may seem less attractive compared to FP Markets' offerings. VT Markets' ease of access with a low $100 minimum deposit makes it appealing to newcomers, earning it a 4.5-star rating and positioning it 20th in the Commissions and Fees category among 63 brokers.
In summary, FP Markets stands out for its low-cost ECN pricing, demonstrating significant value for serious traders through its specialized accounts and comprehensive platforms. VT Markets, on the other hand, presents an enticing alternative for those seeking lower entry barriers with its affordable Standard STP and streamlined Raw ECN accounts. While each broker has its strengths, FP Markets takes a slight advantage in the competitive landscape of commissions and fees.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.7 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and VT Markets both provide forex trading as CFDs or spot contracts, meeting the needs of traders interested in currency markets. FP Markets stands out with an extensive offering of 10,000 tradeable symbols, which is significantly more than the 1,000 symbols available at VT Markets. When it comes to forex pairs, FP Markets again offers a wider variety, featuring 71 pairs compared to 39 pairs available through VT Markets. Neither broker offers the opportunity to buy U.S. exchange-traded securities, such as Apple shares, directly, although VT Markets allows for international exchange investments like Vodafone shares.
Both brokers support copy trading, providing options for traders looking to emulate successful strategies. While neither broker offers to purchase actual cryptocurrencies directly, they do provide cryptocurrency derivatives, allowing traders to speculate on digital currency price movements without owning the actual asset. Rated 4.5 stars for its range of investments, FP Markets is ranked #18 among 63 brokers on ForexBrokers.com. In contrast, VT Markets is rated 3.5 stars and holds the #39 position, indicating a more limited selection in comparison.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 39 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and VT Markets both provide a range of platforms and tools for traders, making them suitable for novices and experienced individuals alike. Each broker offers a free demo account to let users practice trading without financial risk. FP Markets distinguishes itself with its proprietary trading platform, offering an additional choice besides the universally appreciated MetaTrader 4 and MetaTrader 5 platforms that both brokers support. Both brokers also provide Windows-based desktop and web-based platforms, ensuring easy access for users. While neither FP Markets nor VT Markets features DupliTrade or ZuluTrade, they do support copy trading functions embedded within their platforms.
In terms of extra tools, FP Markets supplies 17 drawing tools for charting, whereas VT Markets offers a more extensive selection of 30 drawing tools. Users can trade directly from charts on both platforms, and set up watchlists with seven columns. Although FP Markets and VT Markets both earn a solid four-star rating for their trading platforms and tools, FP Markets ranks higher in ForexBrokers.com's list, placing 23rd out of 63 brokers, in contrast to VT Markets' 47th position. Both platforms cater well to traders through competitive features but differ slightly in the variety of tools and platform ratings they offer.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 17 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those exploring mobile trading platforms, FP Markets and VT Markets both offer compelling options for iPhone and Android users. Each provides essential functions like forex price alerts and the capability to draw trendlines on charts, catering to the needs of both beginner and experienced traders. Notably, FP Markets applies the default features of MetaTrader for its technical studies, while VT Markets offers 30 customized technical studies within its app, potentially providing more charting flexibility for its users.
However, while both allow viewing of multiple time frames and creating watchlists with real-time quotes, neither supports watchlist symbol syncing across devices. An advantage FP Markets holds is its ability to auto-save chart drawings, a feature absent in VT Markets. Despite both platforms receiving a solid four-star rating for their mobile apps, FP Markets edges a higher rank at 18th place compared to VT Markets at 44th, as per ForexBrokers.com assessments, indicating a slight preference among users for FP's mobile trading experience.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and VT Markets provide daily market commentary and forex news from respected sources like Bloomberg and Reuters, ensuring their users are well-informed. FP Markets further enhances its offerings with technical analysis tools from both Autochartist and Trading Central, while VT Markets only provides tools from Trading Central. Both brokers also offer sentiment-based trading tools and comprehensive economic calendars that keep traders updated on global economic events.
Despite some similarities, FP Markets edges out with a research rating of 4 stars compared to VT Markets' 3.5 stars, largely due to its extensive toolset that includes Autochartist. Rankings by ForexBrokers.com place FP Markets at #25 and VT Markets at #36 out of 63, indicating a slight preference for FP Markets regarding research capabilities. Both brokers, however, do not offer research from TipRanks or Acuity Trading, making them equal in those areas.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and VT Markets both provide a wealth of educational resources for beginners interested in forex and CFDs. FP Markets offers a comprehensive suite of resources, including more than ten educational pieces and a monthly schedule of webinars. Additionally, beginners can access a searchable archive of recorded webinars, making it easier to learn at their own pace. FP Markets also provides over ten beginner-focused videos and even more content for advanced traders. Furthermore, their investor dictionary, with definitions for over 50 terms, enhances their educational appeal. With a four-star rating in the education category and a rank of #23 out of 63 brokers, FP Markets stands out for its commitment to educating beginner traders.
VT Markets also supports trader education with educational pieces and a selection of beginner-targeted videos. However, they lack the regularly scheduled webinars and the searchable archive that FP Markets offers. Although their investor dictionary is comprehensive, mirroring FP Markets, VT Markets focuses more on beginner education, as evidenced by the lack of advanced trading videos. VT Markets achieves a 3.5-star education rating and is ranked #55 out of 63 brokers. While VT Markets offers a solid foundation for newcomers, the additional resources available at FP Markets make it a more attractive option for beginners eager to deepen their trading knowledge.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than VT Markets. FP Markets finished with an overall rank of #19, while VT Markets finished with an overall rank of #44.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 70 |
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Both FP Markets and VT Markets provide the option to trade cryptocurrency derivatives rather than the actual delivered cryptocurrency, catering to investors interested in derivatives of digital assets.
While both FP Markets and VT Markets support Skrill, Visa or Mastercard, and bank wire transactions for deposits and withdrawals, FP Markets additionally offers PayPal, whereas neither broker supports ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FP Markets | VT Markets | |
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| Trust Score | 89 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | VT Markets Review |
| Broker Screenshots | FP Markets | VT Markets | |
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| Regulation | FP Markets | VT Markets | |
|---|---|---|---|
| Trust Score | 89 | 70 | |
| Year Founded | 2005 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | VT Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | VT Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 39 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 17 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | VT Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | VT Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review | VT Markets Review |
| Overall | FP Markets | VT Markets | |
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| Trust Score | 89 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | VT Markets Review |
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