Written by ForexBrokers.com
In this head to head comparison of VT Markets vs FXOpen, 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.
When considering online brokers, VT Markets and FXOpen present two distinct options. VT Markets, founded in 2016, has earned a Trust Score of 70 from ForexBrokers.com, placing it in the average risk category. It holds one Tier-1 license for high trust and one Tier-2 license, contributing to its sense of security. In comparison, FXOpen, established in 2003, boasts a slightly higher Trust Score of 76, also categorized as average risk. FXOpen benefits from two Tier-1 licenses, further reinforcing its credibility in the financial market.
Neither VT Markets nor FXOpen is publicly traded or functions as a bank, underscoring their singular focus on brokerage services. VT Markets and FXOpen both cater to trading beginners and seasoned traders, offering distinct advantages depending on individual needs and preferences regarding regulatory considerations. These brokers’ regulatory standings emphasize the critical importance of understanding trust scores and licensing before choosing a trading platform.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2016 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing VT Markets and FXOpen in terms of commissions and fees, there are distinct differences to consider. VT Markets offers two types of accounts: the Raw ECN and the Standard STP. The Standard STP account is commission-free but has higher typical spreads, listed at 1.2 pips for the EUR/USD. In contrast, the Raw ECN account has more competitive pricing with an effective spread of 0.83 pips, combining a 0.6 round turn commission with a 0.23 average spread. Both accounts have a low minimum deposit requirement of just $100; however, the Standard STP account's pricing is less favorable compared to industry standards.
In comparison, FXOpen does not provide average spread data for an in-depth analysis, which makes it challenging to directly compare its costs to those of VT Markets. Despite this, both brokers provide traders with varying options which cater to different trading needs. VT Markets garners a higher regard in the commissions and fees category with a 4.5-star rating, whereas FXOpen holds a 4-star rating. This difference in rating reflects slightly more favorable conditions for traders at VT Markets.
Delving into rankings by ForexBrokers.com, VT Markets takes a significantly higher position at #20 out of 63 brokers for commissions and fees. Meanwhile, FXOpen occupies the #44 spot. This ranking showcases VT Markets as a more competitive choice in terms of trading cost efficiency. For traders prioritizing commissions and fees, VT Markets presents a more compelling option based on these metrics.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing VT Markets and FXOpen, both online brokers offer forex trading as a CFD or spot contract. VT Markets stands out with a more extensive offering, providing access to 1,000 tradeable symbols, including 39 forex pairs. In contrast, FXOpen offers a selection of 87 tradeable symbols, with 25 being forex pairs. For those interested in expanding their investment scope beyond forex, VT Markets allows clients to invest in exchange-traded securities on international exchanges, though not on U.S. exchanges. FXOpen, however, does not provide opportunities to trade exchange-traded securities on either U.S. or international exchanges.
Both brokers cater to cryptocurrency enthusiasts by offering cryptocurrency derivatives, but neither offers the buying of actual cryptocurrencies. Additionally, each platform supports copy trading, making it suitable for traders interested in emulating strategies of more experienced peers. In terms of investment range, VT Markets holds a slight edge with a rating of 3.5 stars, and it is ranked 39th by ForexBrokers.com, whereas FXOpen is rated 3 stars and ranks 62nd in the same category. This positioning suggests VT Markets may offer a more diverse investment experience, particularly for traders keen on a broader selection of instruments.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 87 |
| Forex Pairs (Total) | 39 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing VT Markets and FXOpen, both online brokers offer a robust suite of trading platforms and tools with some key similarities and differences. Both brokers support industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring a familiar experience for seasoned traders. They provide access to web-based trading and downloadable desktop platforms for Windows users, which caters to traders’ varied preferences. Both VT Markets and FXOpen offer free virtual demo accounts, allowing users to practice trading without financial risk. Additionally, both brokers provide the ability to execute trades directly from stock charts, and each supports copy trading, enhancing the trading experience for novices and experts alike.
While neither broker offers a proprietary trading platform, they differ slightly in their tool selection and third-party integration. FXOpen distinguishes itself by offering ZuluTrade, a popular social trading platform, whereas VT Markets does not. In terms of charting tools, VT Markets provides 30 drawing tools compared to FXOpen's 15, offering a bit more versatility in chart annotation. Despite these differences, both brokers hold an equal rating of 4 out of 5 stars for their trading platforms and tools. However, according to ForexBrokers.com, VT Markets ranks slightly higher at #47 in the Trading Platforms and Tools category compared to FXOpen's ranking of #53 out of 63 brokers.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both VT Markets and FXOpen offer mobile trading apps for iPhone and Android users, catering to traders on the go. These apps come equipped with tools to track stock and forex prices through alerts. Additionally, both platforms provide 30 technical studies for charting, allowing users to draw trendlines and view various time frames, such as daily, weekly, or intraday charts. While neither app supports watchlist symbol syncing with online accounts, they do enable users to create watchlists with real-time quotes. However, one downside is that drawings on charts do not auto-save on either app.
In terms of market rankings, VT Markets holds a slightly higher position, being ranked #44 by ForexBrokers.com among 63 brokers in the Mobile Trading Apps category, compared to FXOpen's rank of #54. Both apps receive similar user satisfaction, with a rating of four out of five stars. This suggests that while both platforms offer comprehensive mobile trading features, VT Markets might have a slight edge in terms of overall standings despite shared functionalities and limitations.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to daily market commentary, both VT Markets and FXOpen provide traders with timely insights. They each source forex news from top-tier providers like Bloomberg and Reuters, helping users stay informed with reliable information. While neither broker offers tools from Autochartist, VT Markets stands out by providing technical analysis tools from Trading Central. In contrast, FXOpen does not offer this feature. Additionally, VT Markets includes a sentiment-based trading tool to show the ratio of long and short positions, a feature FXOpen doesn't provide.
Both VT Markets and FXOpen offer economic calendars to keep traders updated on global news events. However, neither platform includes market research from TipRanks or tools from Acuity Trading. In terms of research capabilities, VT Markets is rated 3.5 out of 5 stars, ranking 36th out of 63 brokers according to ForexBrokers.com. FXOpen, on the other hand, is rated 3 stars and is placed at rank 63. These rankings highlight VT Markets' slightly more advanced offerings in market research features.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, VT Markets offers more than FXOpen. VT Markets provides an array of over 10 educational pieces dedicated to forex and CFDs, in addition to more than 10 beginner-friendly videos that cover essential trading topics. They also include an investor dictionary filled with over 50 investing terms. Despite not offering any live or archived webinars, VT Markets earns a solid 3.5-star rating for education, ranking #55 out of 63 brokers according to ForexBrokers.com.
In contrast, FXOpen provides fewer resources targeted towards beginners. They do have an investor dictionary with definitions for over 50 investing terms; however, they lack the required number of forex and CFDs educational materials and do not provide any beginner-specific educational videos. Similarly, FXOpen does not offer live or archived webinars either. This makes their educational offering notably less comprehensive, resulting in a slightly lower education rating of 3 stars. Consequently, FXOpen is ranked #58 in the education category by ForexBrokers.com.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 VT Markets is better than FXOpen. VT Markets finished with an overall rank of #44, while FXOpen finished with an overall rank of #54.
VT Markets benefits from being part of the Vantage Group of companies, and provides access to the MetaTrader suite of platforms as well as its own VT Pro trading app.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 76 |
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Both VT Markets and FXOpen do not provide the option to purchase actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers VT Markets and FXOpen, both do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa/Mastercard, and bank wires as options for managing account funds.
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 | VT Markets | FXOpen | |
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| Trust Score | 70 | 76 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
| Broker Screenshots | VT Markets | FXOpen | |
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| Regulation | VT Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 70 | 76 | |
| Year Founded | 2016 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | VT Markets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | VT Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | VT Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 87 | |
| Forex Pairs (Total) | 39 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). |
| Cost | VT Markets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | VT Markets | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | VT Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | VT Markets | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | VT Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | VT Markets | FXOpen | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | VT Markets | FXOpen | |
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| Trust Score | 70 | 76 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
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