VT Markets Review
VT Markets benefits from being part of the Vantage Group of companies, yet struggles to compete with the best forex brokers due to a limited offering of research, platforms, and tools, as well as a limited range of available markets to trade.
Top Takeaways for 2021
Here are our top findings on VT Markets:
- VT Markets has regulatory status in one tier-3 jurisdiction and is part of Vantage Group, which holds licenses in two tier-1 jurisdictions. These factors help make it a safer broker (average-risk) for forex and CFD trading.
- As a MetaTrader 4 (MT4) broker, VT Markets offers just one platform, along with premium trading tools from Trading Central. MT5 is not available. MetaTrader aside, trading costs are in-line with the industry average on the VT Markets Raw ECN account, while its Standard account is expensive.
- The broker’s proprietary mobile app, VT Markets Pro, is not yet available in English (only Chinese). With less than 200 symbols available, VT Markets does not offer an extensive selection of markets to trade, compared to Saxo Bank, IG, or CMC Markets.
|Offering of Investments|
|Commissions & Fees|
|Platforms & Tools|
Is VT Markets Safe?
VT Markets is considered average-risk, with an overall Trust Score of 79 out of 99. VT Markets is not publicly traded and does not operate a bank. VT Markets is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). VT Markets (through its parent company) is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
|Publicly Traded (Listed)||No|
Offering of Investments
The following table summarizes the different investment products available to VT Markets clients.
|Forex: Spot Trading||Yes|
|Currency Pairs (Total Forex pairs)||38|
|CFDs - Total Offered||129|
|Social Trading / Copy-Trading||No|
|Cryptocurrency traded as actual||No|
|Cryptocurrency traded as CFD||No|
Commissions and Fees
The cost of trading at VT Markets varies depending on whether you choose the Raw ECN or Standard STP account. Both accounts have a minimum deposit of just $200. The Standard STP account is commission-free but comes with higher spreads relative to the Raw ECN account.
Average spreads: For the four weeks ending August 15, 2020, VT Markets average spread on the EUR/USD stood at 1.3 pips for its Standard STP account, while the RAW ECN effective spread was 0.7 pips (based on 0.6 round turn commission and 0.1 average spread). This pricing on the VT Markets Raw ECN account is close to the industry average. In contrast, the Standard STP account pricing is less attractive.
|Minimum Initial Deposit||$200|
|Average Spread EUR/USD - Standard||1.30|
|All-in Cost EUR/USD - Active||0.70|
|Active Trader or VIP Discounts||No|
Platforms and Tools
VT Markets is a MetaTrader-only broker offering the popular MetaTrader 4 (MT4) suite developed by MetaQuotes Software Corporation. Beyond the desktop and web version of MT4, VT Markets doesn’t offer MetaTrader 5 (MT5).
Offering the full suite of MetaTrader platforms is a crucial distinction of the best MetaTrader brokers, in addition to providing platform add-ons to enhance the default platform experience. That said, for customers who deposit at least $1000, VT Markets does offer several plugins for MT4 as part of its Pro Trading Tools suite from Trading Central (a common third-party provider).
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Social Trading / Copy-Trading||No|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|Charting - Indicators / Studies (Total)||(Default MT4)|
|Charting - Drawing Tools (Total)||(Default MT4)|
|Charting - Trade From Chart||Yes|
|Watchlists - Total Fields||(Default MT4)|
|Order Type - Trailing Stop||No|
VT Markets provides a small selection of research content in the form of its Daily Market Analysis series, which contains barely one article update per day, alongside third-party content available from Trading Central. Compared to industry leaders Saxo Bank, IG, or CMC Markets, VT Markets has a long way to go to truly compete in offering quality market research.
Daily Market Analysis series: While I found the in-house coverage in the Daily Market Analysis series to be of acceptable quality with multiple descriptive charts with fundamental and technical analysis, I was left wanting more.
Premium content: For clients who deposit over $1000, VT Markets offers access to the Pro Trading Tools suite from Trading Central, available in the client portal. An add-on for MT4 is also available from Trading Central as part of VT Markets offering. VT Markets also supports 3rd party signal providers for copy trading, such as Acceage, through the MT4 platform.
|Daily Market Commentary||Yes|
|Forex News (Top-Tier Sources)||No|
|Trading Central (Recognia)||Yes|
|Social Sentiment - Currency Pairs||No|
VT Markets has a dedicated section on its website for education. Yet, the only content I found there is the Daily Market Analysis series from its research section. Overall, VT Markets offers practically no educational materials, which severely weighs down on its ranking in this category. For comparison, see education leaders IG, Saxo Bank, or FXCM.
|Has Education - Forex||No|
|Has Education - CFDs||No|
|Client Webinars (Archived)||No|
|Videos - Beginner Trading Videos||No|
|Videos - Advanced Trading Videos||No|
|Investor Dictionary (Glossary)||Yes|
|Tutorials/Guide (PDF or Interactive)||No|
As an MT4-only broker, VT Markets provides just the MT4 mobile app, available for Android and Apple iOS devices. MT5 mobile is not available at VT Markets. Overall, VT Markets doesn’t stand out for its mobile offering when compared to the best MetaTrader brokers.
VT Markets Pro app: VT Markets has developed a proprietary mobile application, VT Markets Pro, but the English version of the app has not yet launched, leaving only the Chinese version available. As a result, I did not factor this app into my review.
|Apple iOS App||Yes|
|Trading - Forex||Yes|
|Trading - CFDs||Yes|
|Alerts - Basic Fields||No|
|Watch List Syncing||No|
|Charting - Indicators / Studies||(Default MT4)|
|Charting - Draw Trendlines||Yes|
|Charting - Trendlines Moveable||No|
|Charting - Multiple Time Frames||Yes|
|Charting - Drawings Autosave||No|
Overall, I found VT Markets has fair pricing on its commission-based Raw ECN account, despite higher spreads on its Standard STP account. Still, its range of markets is extremely limited compared to the thousands of symbols from other multi-asset brokers that offer MT4, such as City Index, XTB, or FOREX.com.
In addition, VT Markets needs to significantly enhance its offering across all other categories, including platform and tools, mobile, as well as research and education, as it offers little in those areas compared to the best forex brokers.
About VT Markets
Headquartered in Sydney, VT Markets was founded in 2016 and is a subsidiary of Vantage International Group (VIG), which holds regulatory status in various jurisdictions, including the UK and Australia (see our Vantage FX review to learn more).
2021 Review Methodology
For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three month time period. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.