Here are the 6 pros and cons:

VT Markets Fact sheet

When it comes to safety and security of traders’ funds, the most important indicator is regulations. In order for the broker to be deemed trustworthy, it needs to be authorized by well-established regulatory bodies. 

VT Markets is authorized and regulated by:

• Australian Securities and Exchange Commission ASIC
• Financial Sector Conduct Authority FSCA, South Africa
• Financial Services Authority of St. Vincent & the Grenadines

Policies that VT Markets follow

VT Markets offer account segregation and negative balance protection for a start. CFD trading can result in losing more money than what’s on the trading balance. The reason is simply that when traders are using leverage, they are lending money from their broker to increase purchasing power. Consequently, when market conditions are not favorable and the order size is too large, traders can end up owing money to their broker. VT Market guarantees that the balance will never go negative by implementing Stop Out Levels. 

In addition, your money is held in segregated accounts. This is important, as even if the broker goes bankrupt, your funds are safe.

Forex trading on VT Markets

VT Markets offers 49 available currency pairs including major, minor, and exotic ones. Major currencies are the most liquid and have the tightest spreads. Spreads not only depend on the market conditions but the account type you choose. The broker has spread-free and commission-free accounts, and fees for trading currencies vary. We’ll expand more on that in this review later. Leverage for trading currencies is up to 500:1.

Stock CFD trading on VT Markets

VT Markets offers around 800 stocks as CFDs. You can find UK, US, EU, and HK company stocks to choose from. Trading stocks as CFDs are best for short-term speculating, but not a good idea for long-term investing. Long-term investors purchase physical stocks to avoid swaps and overnight trading fees. VT Markets has one of the largest asset offerings when compared to its competitors. 

Indices trading on VT Markets

Indices are indexes of a certain basket of publicly traded stocks. For instance, the US30 or Dow Jones index includes 30 top American companies. The index follows the performance of its basket stocks and therefore, many traders and economists use indices as an indication of economies or industries' health. Indices can also be traded as CFDs. VT Market offers access to 24 indices. The list includes: DAX40, CHINA50, SP500, FRA40, etc.

Commodity CFD trading on VT Markets

Commodities are raw materials. These materials are either grown (soft) or mined (hard). VT market offers 22 commodities as CFDs. Including hard commodities such as energies and precious metals (gold, silver, platinum, etc.).

In addition, you can also trade soft commodities:

• Cocoa
• Coffee
• Cotton
• Orange juice
• Raw sugar

Keep in mind that the commodity prices are affected by global demand and supply. In addition, trading these instruments as CFDs enables you to use leverage and trade both bull and bear markets to profit from market fluctuations in both directions.

There are various types of traders in the market. There are a million different ways to make money, but unfortunately, all of them are hard to find. Even if you are using a profitable system, it doesn’t mean you are a profitable trader. The trading system needs to be suitable to your personality and style in order for it to work. To meet the needs of different trader types, VT Markets offers spread-free and commission-free accounts. Let’s discuss them in detail. 

Pros & cons of VT Markets account types

VT Markets Demo Account

Demo trading simply means that you are in a simulation that uses live trading data. Traders experience live environments without risking actual money. On the other hand, some traders find it difficult to stay motivated in front of their PC screens, knowing that real money will not be earned at the end of the day. However, demo accounts are essential in developing a good trading style.

The Demo account has numerous uses. Demo accounts are great if you are evaluating broker policies and offerings. In addition, the account type helps beginners get accustomed to trading platforms and indicators, while more seasoned traders use demo accounts for developing and testing trading strategies. 

VT Markets Standard STP Account

The Standard account is for beginners and traders who like to put more thought into making a trade. There are no commissions, but traders are charged 1.2 pips spread markups. Available leverage is up to 500:1. The minimum initial deposit required to open an account is 100 USD. The available platforms are MetaTrader 4 and MetaTrader 5. The orders are executed using STP (Straight Through Processing), which means that the orders are directly sent to the market and there are no dealing desks involved. 

VT Markets RAW ECN Account

The RAW ECN account is for more seasoned traders that trade intraday as there are 0 spread markups. On the other hand, there’s a 6 USD commission per lot round turn. The order execution type is ECN (electronic communication network). The ECN execution brings lower trading fees. Similarly to the STP Account, available leverage is up to 500:1, and the minimum initial deposit required to open an account is 100 USD. The available platforms are MetaTrader 4 and MetaTrader 5.

Getting started on VT Markets – Main steps

Getting started and opening a live account on VT Markets is a smooth process and we’ll guide you through each step. The account opening process takes as little as 5 minutes. 

Step 1: Open an account

The first step is to open the broker’s main page and click on the ”Open a Live Account” button at the top in the top right corner of the page. The click will transfer you to the registration page, asking you to fill in your personal information. 

Step 2: Time to verify your account

After filling in the required information, choosing the account type, etc. it’s time to verify your account. There are two types of documents required for this, namely a proof of residence and a proof of identity. For the ID, any government-issued document will work that shows personal information clearly, such as a driving license, passport, or ID card. For proof of residence, you can use a utility bill or bank statement that shows your address. 

Step 3: Make your deposit and start trading

After the verification is finalized, you get full access to your account. You can freely make deposits and withdrawals. You can start funding your account using various methods and start trading. Keep in mind that debit and credit card options are instant, while bank wire transfers may take up to 3 business days to clear. The available funding options are Visa, Mastercard, E-wallets, Skrill, Neteller, and bank transfer.

Trading fees of VT Markets are reasonable. There are spread-free and commission-free account types to choose from, which is very beneficial for various trader types. What’s more, there are no inactivity and transaction fees from the broker’s end. 

Comparing VT Markets fees with other brokers

VT Markets offers two types of accounts, and each type has different trading fees. To make the comparison accurate, we are comparing account types that charge traders with spread markups. 

VT Markets fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

VT Markets fees compared to eToro fees

VT Markets fees compared to IG fees

VT Markets fees compared to XM fees

VT Markets fees compared to AvaTrade fees

VT Markets fees compared to Capital.com fees

VT Markets offers the full set of MetaTrader platforms, i.e MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and they are built by a Russian software giant, MetaQuotes inc.  
MetaTrader 4 was released in 2005 and has gained popularity almost instantly. MT5 was released 5 years later in 2010. The MetaTrader programs have not had any major graphical upgrades since their launch, as a result, they may seem outdated with the old design. However, these platforms are dominant even today due to their ability to reliably execute trades.

Initially, the MT4 platform was designed for trading FX pairs and still remains a major platform for trading currencies. For trading, various asset classes such as shares, FX, commodities, indices, and bonds, MetaTrader 5 is the one to pick. 

The mobile app offered by VT Markets has all the necessary features traders need to manage their trades from anywhere in the world. The app is accessible for both Android and iOS devices. The app is extremely helpful in emergency situations such as power outages, loss of internet connection on your computer, etc. In addition, the mobile app can be used for deposits and withdrawals and for executing various trade orders. 

Education and research tools are especially important for beginner traders. VT Markets offers extensive material in this regard. 

Traders can use the following trading tools:

• Expert advisor
• Forex signals
• Economic calendar
• Trading Central
• MT4 tools
• Forex calculators
• MAM/PAMM

In addition, there is daily market analysis available. Moreover, traders have access to educational videos and MT4 guides. Furthermore, there is the Learn Forex tab under which there are explanatory articles for beginners.

VT Markets provides 24/5 customer support in multiple languages, and most European and Asian countries are covered. What’s more, there are MENA languages available on the webpage for middle-eastern clients. Traders can contact the broker using a live chat, email, or over the phone. Customer support agents are well-trained and very friendly. Overall, the customer support at VT Markets is good.

To sum everything up, VT Markets is a well-regulated broker offering various asset classes for trading using the MetaTrader platforms. Traders have access to trading more than 1000 assets including, 49 Forex pairs, 800 shares as CFDs, 24 indices, and 22 commodities. The broker is authorized and regulated in Australia, South Africa, and St. Vincent and the Grenadines. There are spread-free and commission-free accounts available in the form of the Standard STP Account and RAW ECN Account. Other than the trading fees, those two accounts differ in terms of execution type. Keep in mind that the minimum amount required to open an account with this broker is 100 USD.