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VT Markets Review

Steven Hatzakis

Steven Hatzakis | September 15th, 2020

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

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 2020

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.

Special Offer:

Overall Summary

FeatureVT Markets
Overall 3 Stars
Trust Score79
Offering of Investments 3 Stars
Commissions & Fees 3.5 Stars
Platform & Tools 3 Stars
Research 3 Stars
Mobile Trading 3 Stars
Customer Service .1 Stars
Education 2 Stars

Is VT Markets Safe?

help 79
Trust Score

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.

Regulations Comparison

FeatureVT Markets
Year Founded2016
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses2
Tier-2 Licenses0
Tier-3 Licenses1
Trust Score79

Offering of Investments

The following table summarizes the different investment products available to VT Markets clients.

FeatureVT Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)38
CFDs - Total Offered129
Social Trading / Copy-Trading No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & 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.

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FeatureVT Markets
Minimum Initial Deposit$200
Average Spread EUR/USD - Standard1.30
All-in Cost EUR/USD - Active0.70
Active Trader or VIP Discounts No

Platforms & 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).

Gallery

FeatureVT Markets
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading No
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader 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

Research

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.

Gallery

FeatureVT Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) No
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Education

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.

Mobile Trading

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.

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FeatureVT Markets
Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields No
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies(Default MT4)
Charting - Draw Trend Lines Yes
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

Final Thoughts

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).

VT Markets Trading Features

FeatureVT Markets
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading No
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader 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 Research Features

FeatureVT Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) No
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

VT Markets Mobile App Features

FeatureVT Markets
Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields No
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies(Default MT4)
Charting - Draw Trend Lines Yes
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

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.


Steven Hatzakis

About the author: 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.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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