Written by ForexBrokers.com
In this head to head comparison of VT Markets vs TopFX, 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 2016, VT Markets holds a Tier-1 license, granting it a level of high trust, and a Tier-2 license, marking it as trusted. Despite not being publicly traded or a bank, VT Markets manages a Trust Score of 70 out of 99 according to ForexBrokers.com, placing it in the average risk category. This regulatory footing offers VT Markets a reliable foundation for its clients, making it a viable option for those seeking a balanced approach to online trading.
TopFX, which began operations in 2010, also possesses a Tier-1 license but lacks a Tier-2 license. This setup provides it with significant trust accorded by its high-tier license, yet its trust score from ForexBrokers.com is slightly lower at 67, still falling within the average risk range. While it shares some regulatory similarities with VT Markets, TopFX offers its own unique offerings in the trading world, also operating outside of being publicly traded or as a bank.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Year Founded | 2016 | 2010 |
| 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 |
When comparing VT Markets to TopFX in terms of commissions and fees, both brokers offer distinct account options that cater to different trading needs. VT Markets provides a choice between a Raw ECN account and a Standard STP account. The Standard STP account is commission-free but comes with wider spreads, averaging 1.2 pips on the EUR/USD, and requires a minimum deposit of $100. The Raw ECN account at VT Markets features a more competitive pricing structure, with an effective spread of 0.83 pips, thanks to a low commission charge and tighter spreads. VT Markets receives a high rating of 4.5 stars for its commissions and fees and ranks #20 out of 63 brokers on ForexBrokers.com.
TopFX, on the other hand, also offers two types of accounts on platforms like MetaTrader and cTrader – the ZERO account with no commission and the RAW account with a commission charge. The RAW account includes a commission fee of 2.75 EUR per side or 5.50 EUR per round turn standard lot. This account type posts an average spread of 0.33 pips on the EUR/USD and a total cost of about 0.88 pips, which aligns with the industry standard. The ZERO account, while commission-free, has higher spreads averaging 1.03 pips on the EUR/USD. TopFX holds a 4-star rating for its commissions and fees, placing them at #40 out of 63 brokers according to ForexBrokers.com.
In summary, both VT Markets and TopFX offer options that serve different trading preferences. VT Markets leads in the rankings and star ratings, particularly for traders prioritizing lower spreads and cost-effective commission structures on its Raw ECN account. In contrast, TopFX delivers a balanced offering for traders who appreciate platform flexibility and a choice between commission-based or spread-only accounts. Your choice will depend on your trading style and which costs align best with your financial goals.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.2 | 1.03 |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 |
| 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.
When comparing VT Markets and TopFX, both brokers provide opportunities for forex trading via Contracts for Difference (CFDs) or spot contracts. VT Markets stands out with a broader selection of 1,000 tradeable symbols, compared to TopFX's 655. However, TopFX offers a slightly wider range of forex pairs with 60 options, whereas VT Markets has 39. Although neither broker offers the option to invest in exchange-traded securities on U.S. exchanges, VT Markets does allow trading of international securities, such as those from the London Stock Exchange, which TopFX does not offer. Both platforms support copy trading and provide access to cryptocurrency derivatives, but not actual cryptocurrencies.
Despite differences in their investment offerings, both VT Markets and TopFX receive similar ratings, with each earning 3.5 out of 5 stars for their range of investments. On the ForexBrokers.com platform, VT Markets is ranked 39th whereas TopFX holds the 46th position, showing a slight edge for VT Markets in this area. Whether you prioritize a broader selection of tradeable symbols or an extensive list of forex pairs could influence your choice between these two brokers.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 655 |
| Forex Pairs (Total) | 39 | 60 |
| 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). | 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 TopFX, both brokers provide essential tools that support beginner and experienced traders alike. Each offers simulated trading with free virtual demo accounts, allowing traders to practice without financial risk. Neither broker has developed its proprietary platform; however, both support popular platforms such as MetaTrader 4 and offer Windows-based and web-based trading options. While VT Markets also supports MetaTrader 5, TopFX does not. Both platforms facilitate copy trading but do not offer services like DupliTrade or ZuluTrade. For those interested in chart analysis, VT Markets excels with 30 drawing tools compared to TopFX's 15, while both solutions allow direct trading from stock charts and offer identical watchlist customization with seven columns.
In terms of overall rating for trading platforms and tools, both VT Markets and TopFX score four stars out of five. However, they differ slightly in rankings among brokers from ForexBrokers.com, with TopFX sitting at 45th place, just ahead of VT Markets at 47th, out of 63 competitors. This slight edge might help traders who place a high priority on rankings; otherwise, each provides a comprehensive suite of features to accommodate various trading strategies and preferences. Whether traders prioritize drawing tools, platform variety, or demo account availability, both brokers offer solid choices that cater to a range of needs.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 TopFX deliver solid mobile trading experiences, offering apps compatible with iPhone and Android devices. Users of both platforms can enjoy stock and forex price alerts and the ability to draw trendlines and view multiple time frames on charts. Each app provides a comprehensive suite of 30 technical studies for detailed chart analysis. Real-time quotes for watchlists are standard, though neither platform supports syncing watchlist symbols across the mobile app and online accounts.
When it comes to unique features, TopFX stands out by offering the auto-saving of chart drawings, something VT Markets lacks. Despite this, both VT Markets and TopFX receive a rating of four stars for their mobile trading apps. According to ForexBrokers.com, VT Markets garners a higher ranking, placed at #44 compared to TopFX's #51 out of 63 brokers, suggesting a slight edge in overall mobile app satisfaction among traders.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing VT Markets and TopFX for market research, VT Markets stands out by providing daily market commentary, a feature not available with TopFX. Both brokers offer forex news from reputable sources like Bloomberg and Reuters. While TopFX incorporates Autochartist’s technical analysis tools, VT Markets opts for Trading Central's solutions, which are also available with TopFX. Both platforms present sentiment-based tools showing the ratio of long or short positions on various currency pairs, along with economic calendars listing global news events. However, neither VT Markets nor TopFX provides research tools from Acuity Trading or market insights from TipRanks.
In terms of ratings, VT Markets receives a higher score of 3.5 stars compared to TopFX's 3 stars for research. Additionally, VT Markets holds a superior rank, placing 36th out of 63 brokers in ForexBrokers.com's research category, whereas TopFX is ranked 60th. This comparison indicates that while both brokers offer essential tools and resources, VT Markets delivers a slightly more comprehensive research experience for online traders.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 beginner traders, VT Markets and TopFX have a few differences worth considering. VT Markets stands out by offering more than ten educational materials focused on forex and CFDs. Additionally, they provide over ten beginner-friendly trading videos, making it easier for newcomers to learn the ropes. VT Markets also includes an investor dictionary with definitions for over 50 investing terms, adding value for those just starting their trading journey. Unfortunately, they do not offer monthly webinars or archives of recorded sessions for further learning.
On the other hand, TopFX falls short in comparison, as it does not meet the minimum requirements for educational materials focused on forex and CFDs, and it lacks a substantial offering of beginner-focused videos. Furthermore, it does not provide an investor dictionary to help newcomers understand trading terminology. Both brokers are similar in that they do not offer online educational webinars or archives of recorded sessions. Based on their educational resources, VT Markets has a slight edge with a 3.5-star rating, while TopFX has a 3-star rating in the education category. In terms of ranking, VT Markets is placed at #55 and TopFX at #61 out of 63 brokers, according to ForexBrokers.com.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. VT Markets finished with an overall rank of #44, while TopFX finished with an overall rank of #62.
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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 67 |
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Both VT Markets and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
While both VT Markets and TopFX provide options to deposit or withdraw funds via Skrill, Visa/Mastercard, and bank wires, only TopFX supports PayPal, whereas neither broker offers 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 | VT Markets | TopFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | TopFX Review |
| Broker Screenshots | VT Markets | TopFX | |
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| Regulation | VT Markets | TopFX | |
|---|---|---|---|
| Trust Score | 70 | 67 | |
| Year Founded | 2016 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 655 | |
| Forex Pairs (Total) | 39 | 60 | |
| 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). | 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | VT Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | VT Markets | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | VT Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | VT Markets | TopFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | TopFX Review |
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