Recommended for
- forex trading 4.0/5
Trusted broker
- Top-tier regulation
- Negative balance protection (terms apply)
Popularity
259
people
chose this broker in the last 6 months
BrokerChooser Score
4.1/5
Our take on VT Markets
VT Markets is a forex and CFD broker regulated by the Cayman Islands and Australian financial authorities. VT Markets has low trading fees, the account opening process is fast and simple, while email and live chat support are above average. On the negative side, VT Markets has a limited product portfolio covering only CFDs and forex. Its educational tools could also be improved, and there is no investor protection. BrokerChooser gave VT Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
S&P 500 CFD benchmark fee
$3.6
Credit/debit card deposit
Yes
Minimum deposit
$200
Negative balance protection
Yes
VT Marketspros and cons
Pros
Cons
- Low trading fees
- Easy and fast account opening
- Great email and live chat support
- Slim product portfolio
- Limited educational tools
- No investor protection
VT Markets main highlights
🗺️ Country of regulation
Cayman Islands, Australia
💰 Trading fees class
Average
💰 Inactivity fee charged
No
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$200
🕖 Time to open an account
1 day
💳 Deposit with bank card
Available
👛 Depositing with electronic wallet
Available
💱 Number of base currencies supported
5
🎮 Demo account provided
Yes
🛍️ Products offered
Forex, CFD, Crypto
Fees
VT Markets has low trading fees and there are no deposit, inactivity or account fees. On the other hand, the CFD fees are average.
Account opening
The account opening process at VT Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Deposit and withdrawal
VT Markets has great deposit and withdrawal services, with many free options for moving your money in and out. However, withdrawal is quite slow, often taking more than 3 days.
Web trading platform
VT Markets uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
Mobile trading platform
VT Markets has a good mobile platrform. It’s user-friendly, and offers two-step login and order confirmation for added security. However, it lacks price alerts.
Desktop trading platform
In design and functionality, the MetaTrader 4 desktop platform offered by VT Markets is almost the same as the web platform. One major difference is that you can set price alerts.
Markets and products
At VT Markets, you can trade only forex and CFDs. In other words, popular asset classes like real stocks or ETFs are not available.
Research
VT Markets has user-friendly research tools including trading ideas, daily market analysis and an economic calendar. Sadly, a $1,000 deposit is required to access some features.
Customer service
VT Markets has great email and live chat support. On the negative side, reaching phone support is a bit cumbersome, and no channels are available 24/7.
Education
VT Markets offers general educational videos, trading platform tutorial videos and a demo account is also available. On the flip side, there are no webinars.
Safety
Due to VT Markets’s regulation (Australia and Cayman Islands), clients are not covered by investor protection, only negative balance protection.
