Written by ForexBrokers.com
In this head to head comparison of VT Markets vs iFOREX, 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.
VT Markets was established in 2016, while iFOREX has been in the market since 1996. Neither of these online brokers is publicly traded or operates as a bank. When evaluating their trustworthiness, ForexBrokers.com rates VT Markets with a Trust Score of 70, which falls into the average risk category. In contrast, iFOREX received a slightly higher Trust Score of 75, positioning it within the same average risk bracket. Despite their similar trust ratings, it's important to consider the subtle differences in their regulatory structures.
Both VT Markets and iFOREX hold one Tier-1 license, indicating a high level of trust from regulatory bodies. However, VT Markets has an additional Tier-2 license, whereas iFOREX does not hold any Tier-2 licenses. This distinction might appeal to traders who are looking for a broker with a broader regulatory footprint. Ultimately, both brokers offer a comparable level of regulatory assurance, but VT Markets edges slightly ahead with a wider regulatory presence through its additional licensing.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Year Founded | 2016 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing online brokers VT Markets and iFOREX reveals significant differences in their structures on commissions and fees. VT Markets offers two account types: the Raw ECN and the Standard STP. The Raw ECN account provides lower spreads with a commission, where the average cost for trading EUR/USD is an effective spread of 0.83 pips. This is based on a 0.6 round-turn commission and a 0.23 average spread as per September 2021 data. Meanwhile, the Standard STP account is commission-free, featuring a spread of about 1.2 pips for the EUR/USD but is overall more expensive compared to the Raw ECN option. Both accounts necessitate a minimum deposit of just $100.
iFOREX, on the other hand, does not disclose specific average spread data, making a direct comparison challenging. However, it is evident that VT Markets takes the edge in transparency and cost-effective trading options compared to iFOREX. Particularly, for those looking to engage actively in forex trading, the VT Markets Raw ECN account comes across as a competitively priced option in the industry.
In terms of user ratings, VT Markets earns a commendable rating of 4.5 stars out of five for its commissions and fees, showcasing its position as a favorable choice among traders. In contrast, iFOREX only scores 3 stars, indicating less satisfaction in its pricing structure. According to a survey conducted by ForexBrokers.com, VT Markets is ranked 20th out of 63 brokers in the Commissions and Fees category, whereas iFOREX ranks lower at 61st, emphasizing VT Markets' superior standing in this comparison.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
VT Markets and iFOREX both allow traders to engage in forex trading through CFDs, but their range of investments varies. VT Markets provides access to 1000 tradeable symbols, including 39 forex pairs, and offers the opportunity to invest in international exchange-traded securities such as Vodafone shares. However, it does not offer exchange-traded securities on U.S. exchanges. The platform supports cryptocurrency derivatives but does not facilitate the purchase of actual cryptocurrencies. VT Markets also stands out with its copy trading feature. iFOREX, meanwhile, offers slightly fewer tradeable symbols at 750 but covers a more extensive range of forex pairs, totaling 88. Like VT Markets, it doesn't offer exchange-traded securities on U.S. or international exchanges, nor does it allow the purchase of actual cryptocurrencies.
Both brokers allow trading in cryptocurrency derivatives, but iFOREX does so without offering any copy trading capabilities. In terms of ranking, VT Markets holds the 39th position for Range of Investments by ForexBrokers.com among 63 brokers, while iFOREX is slightly lower at 41st. Despite these differences in offerings and features, both received a rating of 3.5 stars for their range of investments, indicating a relatively balanced but distinct set of services for prospective traders. Whether one is a better fit will largely depend on individual trading preferences, such as the importance of forex pair variety or international stock investments.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 39 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing trading platforms and tools, VT Markets provides a comprehensive suite that appeals to both beginners and experienced traders. An inviting feature is its free demo account, which offers a risk-free way to explore market activities. VT Markets also boasts compatibility with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside a desktop platform for Windows users and a flexible web-based option. Its array of 30 drawing tools enhances charting capabilities, and the inclusion of copy trading facilitates user engagement with successful trading strategies. While VT Markets does not offer a proprietary platform, its 4-star rating in trading platforms and tools reflects an adept, user-friendly approach, despite its #47 ranking among 63 brokers by ForexBrokers.com.
On the other hand, iFOREX delivers an exclusive experience via its proprietary platform developed in-house, crafted to cater to specific user needs. Though it lacks a demo account and support for MT4 and MT5, iFOREX compensates with an intuitive web-based platform, featuring direct stock chart trading akin to VT Markets. With 25 drawing tools available, iFOREX supports precise technical analysis, and it shines with an offering of nine fields for watch lists, surpassing VT Markets in this regard. The absence of copy trading and a Windows-based application may limit appeal, yet iFOREX stands strong with its equivalent 4-star ranking in trading platforms and tools, achieving #54 out of 63 brokers according to ForexBrokers.com.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 57 |
| Charting - Drawing Tools (Total) | 30 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both VT Markets and iFOREX offer solid options for iPhone and Android users. Despite sharing the same overall rating of four stars, VT Markets stands out in several key areas. It provides users with price alerts, a feature not available with iFOREX, allowing traders to stay informed about market movements. Additionally, VT Markets enhances your charting experience with capabilities like drawing trendlines and accessing multiple time frames. With 30 technical studies available, it caters to traders who rely on chart analysis, while iFOREX does not support this.
Both platforms lack watchlist syncing across devices and do not automatically save chart drawings. However, VT Markets compensates with the ability to create and monitor watchlists in real-time. Ranked #44 out of 63 brokers by ForexBrokers.com for their mobile app category, VT Markets edges out iFOREX, which sits at #55. If you prioritize tools like price alerts, comprehensive charting, and watchlists with real-time quotes, VT Markets might be the better choice for your trading needs.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of VT Markets and iFOREX, both platforms deliver daily market commentary. However, VT Markets has the edge by providing forex news from top-tier sources like Bloomberg and Reuters, which iFOREX does not offer. Both brokers equip traders with tools from Trading Central for technical analysis and offer sentiment-based trading tools, allowing users to view long and short position ratios across various instruments. Neither VT Markets nor iFOREX provide research tools from Autochartist, TipRanks, or Acuity Trading.
For traders seeking comprehensive market insights, both platforms offer access to an economic calendar featuring global news events. When rated for research capabilities, VT Markets and iFOREX both earn 3.5 stars. Despite the same rating, VT Markets is positioned higher at #36 by ForexBrokers.com, compared to iFOREX, which holds the #48 spot. This ranking may influence traders looking for a slight edge in market research resources.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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.
When it comes to educational resources for beginners, VT Markets and iFOREX have some similarities and notable differences. VT Markets excels with a solid library of more than 10 educational pieces such as articles, videos, or archived content focused on forex and CFDs. Additionally, they provide at least 10 beginner-friendly videos aimed at newcomers to trading. VT Markets also goes the extra mile by offering an investor dictionary with over 50 investment terms, which can be quite helpful for those just starting their trading journey. However, VT Markets does not offer monthly webinars or a searchable archive of past webinars, which could be a downside for those looking for more interactive learning experiences.
On the other hand, iFOREX matches VT Markets by providing over 10 educational videos tailored to beginners, making it a good resource for new traders. Despite this, iFOREX doesn't offer a comprehensive collection of educational content on forex and CFDs, nor do they provide an investor dictionary. Like VT Markets, iFOREX lacks monthly educational webinars and an archive of recorded webinars. Both brokers share the same educational rating of 3.5 stars out of five. While VT Markets ranks #55 and iFOREX ranks slightly higher at #53 out of 63 brokers for education, these rankings suggest there's room for improvement in their educational offerings.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. VT Markets finished with an overall rank of #44, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 75 |
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Both VT Markets and iFOREX do not offer the option to buy actual delivered cryptocurrencies, but they do provide opportunities to trade cryptocurrency derivatives.
When comparing online brokers VT Markets and iFOREX, neither offers ACH or SEPA transfers for deposits or withdrawals, VT Markets does not support PayPal while iFOREX does, both provide Skrill as an option, and both accept Visa, Mastercard, and bank wire transfers for transactions.
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 | iFOREX | |
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| Trust Score | 70 | 75 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
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| Regulation | VT Markets | iFOREX | |
|---|---|---|---|
| Trust Score | 70 | 75 | |
| Year Founded | 2016 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 750 | |
| Forex Pairs (Total) | 39 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | VT Markets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 15 | 57 | |
| Charting - Drawing Tools (Total) | 30 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | VT Markets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | VT Markets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 70 | 75 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
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