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VT Markets is a global CFD (Contract for Difference) and Forex broker regulated in multiple countries, including Australia, South Africa, and St. Vincent and the Grenadines. The broker offers access to trading over 1,000 tradable instruments such as currency pairs, commodities, indices, and CFDs on stocks through the use of the MetaTrader 4 and MetaTrader 5 platforms.
VT Markets offers 50 USD to its clients if traders experience a loss after 7 days of trading from the moment the account was opened. It should be mentioned that this offer is only for live account types.
The promotion can be applied not only to manual but also to automated trading accounts. VT Markets enables its clients to trade using algorithms or copy trade.
Copy trading is a popular method in the Forex market where traders copy successful traders automatically. Copy trading is available through VT Market’s copy trading platform - VTrade. The software enables traders to copy the trades of professional traders around the globe and earn profits along with them.
Setting up a copy trading account with the broker consists of three stages:
There are more than 100 providers to copy trade with VT Markets. Traders do not need huge capital for starting investing in copy trading. Live accounts can be opened using as little as 100 USD with this broker.
You can become a signal provider as well. This way you can earn some additional income. However, it’s important to have a solid trading strategy in place if you are planning to offer copy trading services to other traders.
It’s important to note that there are many pros and cons when it comes to copy trading. The advantages include:
On the other hand, there are several drawbacks that need to be taken into account, including:
Many traders are not clear about what they are looking for, and many make the mistake of thinking that the trader that has increased his account the most is the best. In financial trading risks and rewards are positively correlated. The higher the risks, the higher the rewards. For investors, it’s more important to see well-managed risks rather than wild risks and huge profits.
When selecting a trader to copy from an investor’s point of view, it’s important to consider several factors to ensure that you choose a trader who is a good fit for your goals and risk tolerance. Here are some of the key factors to take into consideration:
To sum everything up, VT Markets offers a 50 USD loss recovery option to traders that have opened new accounts and have lost money within the first 7 days of trading. This feature can be coupled with copy trading, which VT Markets also offers. On the downside, the number of traders to copy is very limited with this broker. Only around 100 traders are available to pick from. When copying a trader, it’s important to take into account drawdowns and risk management. For most investors, it’s more important to invest in consistently profitable traders than in wild risk-takers that promise huge returns.