VT Markets Broker Review 2024

VT Markets, founded in 2015, is a multi-asset broker regulated by ASIC and FSCA, 2 high-tier authorities, among others. This broker facilitates a whopping amount of more than 30,000,000 trades per month for +400,000 active traders.

But Is this broker as decent as the numbers say? In this in-depth review, we will examine various parts of VT Markets broker to get to the answer of this question.

Company Information & Regulation

VT Markets, headquartered in Australia, has rapidly expanded its global footprint since its establishment. The broker's commitment to regulatory compliance is evident through its multiple licenses from reputable financial authorities. These include:

• Australian Securities and Investments Commission (ASIC) [516246]
• Financial Sector Conduct Authority (FSCA) of South Africa [50865]
• Financial Services Commission (FSC) of Mauritius [GB23202269]

This multi-jurisdictional approach not only demonstrates VT Markets' dedication to maintaining high standards of operation but also provides traders with an added layer of security and peace of mind.

Key Features and Specifications Summary

To give you a bird's-eye view of what VT Markets brings to the table, here's a concise summary of its key features:

What Trading Accounts Are Available On VT Markets?

Usually, there are various account types available from a broker. VT Markets offers a good range of trading accounts. We will examine the specifics in the table below:

Each account type is designed to cater to specific trading needs, allowing traders to choose the one that best aligns with their goals and experience level.

Benefits and Drawbacks

Like any broker, VT Markets comes with its own set of pros and cons. Let's examine them:

Account Opening and Authorization

Getting started with VT Markets is possible "within only 5 minutes", as claimed by the broker on the website. In this part, we will provide a tutorial on registration and verification:

• Open the official website and click on "Trade now" or "Register now";
• Type in your contact information, including email or phone number, and create a password;
• Enter your personal information such as full name, gender, date of birth, etc.;
• Configure your account according to your preferences;
• Upload required documents for verification (proof of identity and address).

The verification process is crucial for maintaining the integrity of the trading environment and complying with anti-money laundering (AML) regulations.

Which Trading Platforms Are Available with VT Markets?

The broker offers a suite of advanced trading platforms accessible through various operating systems and devices. We will have a brief overview of each one in this section:

• MetaTrader 4 (MT4): One of the most popular platforms in the industry with useful charting tools and indicators
• MetaTrader 5 (MT5): A successor to the MT4 with improved features
• Webtrader+ (Powered by TradingView): A trading platform accessible via the web, with high-level technical tools
• Mobile Trading App: Proprietary platform for trading on mobile phones

In the table below, you can find the link to download each platform.

Spreads and Costs Investigation

VT Markets provides transparent information on trading costs in accounts. In the table below, you can see the numbers for each account:

It's worth noting that spreads can vary depending on market conditions and the specific instrument being traded. Regarding fees in other operations, there are no costs for inactivity periods. Also, no deposit fees are charged. However, a withdrawal fee applies for accounts.

Deposit & Withdrawal Methods

VT Markets provides a variety of deposit and withdrawal options to suit global traders:

• Credit/Debit Cards: Instant deposits, 1-3 business days for withdrawals
• Bank Wire Transfer: 1-5 business days for both deposits and withdrawals
• E-wallets (Neteller, Skrill): Instant deposits, up to 24 hours for withdrawals
• UnionPay: Popular for Asian clients, instant deposits
• Fasapay: Regional payment system, instant deposits

Does VT Markets Offer Copy Trading and Other Investment Options?

The broker offers social trading features to help traders leverage the expertise of others:

• Copy Trading:
  • Follow and automatically copy trades of successful traders;
  • Customize risk levels and investment amounts;
  • Learn from experienced traders' strategies.

• PAMM (Percentage Allocation Management Module):
  • Invest in professionally managed accounts;
  • Diversify your portfolio with multiple PAMM managers;
  • Transparent performance tracking.

These features make VT Markets an attractive option for those exploring passive investment strategies alongside active trading.

Bonuses and Promotions in Trading With VT Markets

This brokerage offers several attractive promotions to enhance the trading experience. Bonuses Offered by VT Markets:

• Welcome Bonus: Up to 50% bonus on first deposit
• Deposit Bonus: 20% bonus on subsequent deposits
• Loyalty Program: Earn points for trading activity, redeemable for cash or trading credits
• Active Trader Program: Receive up to a 13% annual interest for staying active
• VPS Refund: Get a refund on your VPS costs based on your trading volume and deposit amount

Keep in mind that promotional offers may vary by region and are subject to specific terms and conditions.

Support Services

VT Markets provides common methods and channels for getting help from the support team:

• Live Chat: Available via the website
• Email: support@vtmarkets.com for detailed inquiries
• Phone: +61 02 9054 9999

Based on our investigations and the available data, customer services are offered 24 hours a day, Monday through Friday, and there is no 24/7 support available.

List of Restricted Countries and Regions

While VT Markets serves a global clientele, certain restrictions apply. These limitations could be because of the regulations in some regions, or international sanctions. Banned countries include, but are not limited to:

• United States
• Singapore
• Russia
• New Zealand
• North Korea
• Iran
• Iraq
• Afghanistan
• Cuba

Alt: VT Markets restricted countries

Trust Scores

There are mixed reviews and opinions from traders about the performance and services of VT Markets on websites including Trustpilot and ForexPeaceArmy. We will investigate these scores in this section:

• Trustpilot: 3.5/5 stars, with over 50% of reviews being 5-star
• ForexPeaceArmy: 1/5 stars, only 7 ratings

Although the rating on ForexPeaceArmy is too low, you should also consider the low number of reviews. Nevertheless, it's essential to approach these reviews with a balanced perspective, as individual experiences can vary significantly.

Conclusion and final words

VT Markets appears to be a reliable broker with attractive features such as 50% welcome bonus, cent account, and access to popular trading platforms. Also, it's regulated by ASIC and FSCA.

However, some drawbacks exist, including no cryptocurrency symbols and a relatively high minimum deposit. Although, these cons might not be too disappointing for most traders since they are not critical.