Written by Jason Peterson
Edited by David Johnson
Fact checked by Angelo Martins
Human moderated by Jason Peterson
Last updated August, 2024

VT Markets Overall rating

3.8
Ranked 105 out of 941 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
4.3
3
Regulation
4.0
2
Pricing rating
4.6
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • VT Markets has a high popularity rating of 4.3 out of 5, reflecting strong user interest and activity.
  • Offers a high maximum leverage of up to 500:1 for retail clients in some regions.
  • Ranked 73rd out of 823 forex brokers for organic traffic, indicating strong market presence.
  • Regulated by multiple authorities, including ASIC in Australia and FSCA in South Africa.
  • Founded in 2015, has significant organic web traffic of 303,853 monthly visits.

Cons

  • VT Markets has a relatively low user rating of 2.8 out of 5.
  • Not publicly traded or licensed as a bank.
  • No deposit compensation scheme, which is a drawback for investor protection.
  • Swap rates are not disclosed, which could affect cost transparency for traders.
* As of August 2, 2024

We tested VT Markets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* As of August 2, 2024

VT Markets, established in 2015, is a privately owned broker that has quickly gained popularity, ranking 73rd out of 823 forex brokers for organic traffic. Despite its relatively short time in the market, it has become a popular choice for traders, with a popularity rating of 4.3 out of 5.

The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulatory licenses help to assure clients of VT Markets' credibility and commitment to maintaining industry standards.

User reviews, however, are mixed, with a rating of 2.8 out of 5 based on user feedback. This reflects some dissatisfaction among clients, potentially related to service or trading conditions. It's essential to consider that even highly regulated and successful financial firms have faced failures in the past.

VT Markets ranks 102nd out of 823 brokers based on expert ratings, suggesting room for improvement in certain areas. Although not licensed as a bank or publicly traded, the broker's substantial organic traffic of 303,853 monthly visits indicates a strong market presence and trust among its clients.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
VT Global Pty Ltd 30 : 1
VT Markets (Pty) Ltd 500 : 1
VT Markets LLC
Saint Vincent and the Grenadines
500 : 1

Deposit Insurance

VT Markets does not offer a deposit compensation scheme, which could be a concern for traders seeking financial protection in the event of the broker's insolvency. The absence of such a program means that investors are not automatically compensated if the broker defaults. While VT Markets segregates client funds from its operating capital, which provides a level of security, the lack of a deposit compensation scheme may affect the broker's appeal to risk-averse investors.

Regulatory bodies like ASIC and FSCA require brokers to adhere to specific financial and operational standards, including the segregation of client funds. However, without deposit insurance, traders must weigh the risks and benefits when considering VT Markets as their broker of choice.

Potential clients should conduct thorough due diligence and consider additional security measures when engaging with brokers that do not provide deposit insurance.

Spreads and Costs

* As of August 2, 2024

VT Markets offers competitive spreads across various asset classes, generally providing in-line average costs compared to industry-leading brokers. Their forex average spread is 2.37, which is competitive but slightly higher than some market leaders.

For commodities, the spread is 0.17, which is favorable and on par with other top brokers. However, the crypto average spread at 7.55 is relatively high compared to some brokers, which may affect traders dealing with cryptocurrencies.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
VT Markets – Standard 7.55 2.37 - 0.17
Tickmill – Classic 8.86 2.25 1.91 0.18
IC Markets – Standard 9.29 1.51 1.23 0.10
XM – Standard 39.54 2.39 3.63 -
Pepperstone – Standard 10.77 1.91 2.14 0.09
Axi – Pro 13.81 1.15 1.55 0.09
OANDA – Standard 36.96 0.75 - -

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
VT Markets – Standard 12.53 2.57 1.20 2.20 4.14 2.13 2.51 2.02 - - 0.31 0.01
Tickmill – Classic 16.10 1.61 1.70 1.96 2.70 1.89 2.66 2.61 1.53 2.28 0.25 0.01
IC Markets – Standard 15.59 3.00 0.88 1.14 1.81 1.37 2.35 1.49 1.51 0.96 0.18 0.02
XM – Standard 73.71 5.37 1.29 1.57 3.45 2.20 3.44 2.41 2.84 4.45 - -
Pepperstone – Standard 18.54 3.01 1.14 1.43 2.82 1.46 2.68 1.95 1.46 2.82 0.17 0.02
Axi – Pro 25.32 2.30 0.53 1.15 1.73 0.72 1.40 1.40 1.10 2.00 0.15 0.02
OANDA – Standard 68.33 5.59 0.19 0.60 1.56 0.33 0.75 1.03 - 5.00 - -

Swap Rates/Financing Fees

Swap rates, also known as rollover rates, are the fees or earnings you incur for holding a trading position overnight. Positive swap rates mean you earn interest, while negative swap rates cost money.

VT Markets does not disclose specific swap rates, making it challenging to compare precisely. However, based on industry averages, VT Markets' swap rates appear to be in line with many brokers.

This lack of transparency could be a concern for traders focusing on long-term positions or those trading with high leverage.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
VT Markets - - - - - - - -
Tickmill - -2.24 -0.13 -0.13 -2.66 1.27 20.97 -32.76
IC Markets - -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
XM - -5.29 -0.15 -0.19 -3.73 1.12 19.67 -48.45
Pepperstone - -3.00 -0.14 -0.14 -2.70 1.30 22.99 -39.29
Axi Best -1 .57 -0.04 -0.13 -2.65 1.40 20.00 -28.00
OANDA - - 0.00 0.00 15.00 0.09 0.00 0.00

Does VT Markets Offer Islamic/Swap-free Accounts?

Islamic or swap-free trading accounts are designed for traders who wish to comply with Islamic finance principles, which prohibit earning interest. These accounts do not incur or pay overnight swap rates. VT Markets offers Islamic accounts, providing swap-free trading options to Muslim traders.

To qualify for an Islamic account with VT Markets, traders must provide proof of Islamic faith and submit an application form available on the broker's website. Once approved, the swap-free status is granted, allowing traders to operate without overnight interest charges.

This account type is particularly beneficial for those who engage in long-term trading and want to align their trading activities with religious beliefs.

Other Fees

VT Markets imposes several fees that traders should be aware of, apart from spreads, commissions, and swap rates. These include withdrawal fees and inactivity fees, which may affect the overall cost of trading.

Fee Type Details
Withdrawal Fees VT Markets charges a withdrawal fee for certain methods, such as wire transfers. It's essential to check the broker's website for specific details and potential fee waivers.
Inactivity Fees The broker charges an inactivity fee for dormant accounts that have not been active for a specified period. Traders should review the broker's terms to understand the applicable charges and avoid unnecessary fees.
Conversion Fees Currency conversion fees may apply when trading in a currency different from your account currency. It's important to be aware of these charges if trading multiple currency pairs.

Comparison to other Brokers

* As of August 2, 2024

VT Markets stands out for its high maximum leverage of 500:1 for retail clients, particularly in South Africa and St. Vincent & Grenadines, where regulations are less restrictive compared to other regions like Australia. This feature makes it appealing for traders looking to maximize their trading potential with smaller initial capital.

Compared to other brokers, VT Markets offers competitive spreads, particularly in the commodities asset class. However, its forex spreads are slightly higher than some industry leaders, such as IC Markets and Axi. The absence of specific swap rates on the broker's website might deter traders who prioritize transparency in financing costs.

In terms of regulatory oversight, VT Markets holds licenses from ASIC and FSCA, offering a degree of trustworthiness and security to its clients. However, it does not provide a deposit compensation scheme, unlike some other well-established brokers, which may be a drawback for risk-averse traders.

User reviews of VT Markets are mixed, with a rating of 2.8 out of 5, indicating areas for improvement in customer service or trading conditions. Despite this, the broker's popularity and organic traffic suggest a strong presence in the market, and it ranks 73rd out of 823 brokers for web traffic.

Overall, VT Markets offers a robust trading platform with attractive leverage and competitive spreads but may face challenges in user satisfaction and transparency compared to some other top brokers in the industry.

Trading Platforms - Mobile, Desktop, Automated

Platform Device Compatibility Automated Trading
MetaTrader 4 Desktop, Mobile, Web Yes (MQL4 - Easy to moderate)
MetaTrader 5 Desktop, Mobile, Web Yes (MQL5 - Moderate to advanced)
VT Markets App Mobile No

VT Markets offers the widely used MetaTrader 4 and MetaTrader 5 platforms, known for their robust features and user-friendly interfaces. Both platforms are available on desktop, mobile, and web, providing flexibility and convenience for traders. MT4 is favored for its simplicity and ease of use, while MT5 offers advanced features, including additional technical indicators and timeframes.

Automated trading is supported on both MetaTrader platforms, with MQL4 and MQL5 programming languages enabling traders to create custom indicators and automated trading strategies. MQL4 is relatively easy to learn for beginners, whereas MQL5 offers more advanced capabilities for experienced traders.

The VT Markets mobile app provides essential trading functions but does not support automated trading.

What Can you Trade?

Asset Class Number of Instruments
Forex CFD 40+
Crypto CFD -
Stock CFD 800+
Stock Index CFD 15
Commodities CFD 20+
ETFs 50+
Bonds 8
Futures CFD 10+

VT Markets offers a diverse range of asset classes, including forex, stocks, commodities, ETFs, bonds, and futures CFDs. Traders have access to over 800 stock CFDs, 40+ forex pairs, and 20+ commodities CFDs. While the broker does not currently offer crypto CFDs, it provides ample opportunities for diversification across other asset classes.

Trading with VT Markets involves CFDs and derivatives, meaning you do not own the underlying assets. Instead, you speculate on price movements, benefiting from leverage to amplify potential returns. However, leverage also increases risk, and traders must be mindful of potential losses. For more information on available instruments and trading conditions, visit the VT Markets website.

Available Leverage

VT Markets offers varying leverage levels depending on the asset class and regulatory jurisdiction. Retail clients in Australia (regulated by ASIC) have access to a maximum leverage of 30:1, while those in South Africa (regulated by FSCA) and St. Vincent & Grenadines can leverage up to 500:1.

The broker provides leverage across multiple instruments, allowing traders to increase their exposure with a smaller initial investment. However, high leverage comes with increased risk, and traders should carefully assess their risk tolerance before utilizing leverage. For specific leverage details by asset class, refer to the VT Markets official website.

Prohibited Countries

VT Markets does not accept clients from certain jurisdictions due to regulatory restrictions. The broker cannot open accounts for residents of the United States, Canada, and several other countries. It is crucial for potential clients to review the broker's terms and conditions to verify their eligibility before opening an account.

The list of prohibited countries may change based on evolving regulations, so checking the latest information on VT Markets' website is advisable.

VT Markets Account types

  Standard STP Raw ECN
Maximum leverage500:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading platformMT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard STP
Maximum leverage 500:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw ECN
Maximum leverage 500:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

VT Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
vtmarkets.com
vtaffiliates.com
Organic monthly visits 413,180 (99%)
Organic traffic rank 57 out of 941 (Forex Brokers)
Paid monthly visits 2,243 (1%)
Total monthly visits 415,423
Bounce rate 31%
Pages per visit 4.14
Average visit duration 00:06:35.2180000

VT Markets Profile

Company Name VT Markets LLC
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2015
Headquarters Australia
Office Locations United Arab Emirates, Australia, China, Cyprus, Cayman Islands, Malaysia, Singapore, Thailand, Taiwan, Vietnam, South Africa
Account Currency AUD, CAD, EUR, GBP, USD
Support Languages Chinese, English, French, German, Italian, Japanese, Korean, Malay, Portuguese, Spanish, Thai, Turkish, Vietnamese, Bahasa (Indonesian)
Funding Methods Bank Wire, Bitcoin, China Union Pay, Credit Card, FasaPay, Neteller, Skrill, Tether (USDT)
Financial Instruments Forex, Shares, Indices, Bonds, Oil/Energies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Iran, North Korea, United States
24 hour support
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Trading API
Cent accounts
Negative balance protection
Social trading
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread


This page's contents are created partially with the help of AI tools and provide a comprehensive review of VT Markets, covering various aspects of the broker, including its regulatory status, pros and cons, trading platforms, and more.

VT Markets' review is structured into sections, each focusing on a specific aspect of the broker's offerings. Tables and headings are used to present information clearly and concisely, adhering to our broker's review guidelines.

VT Markets User reviews

2.8
(2 )
Ranked 77 out of 941 (Forex Brokers)
This rating is based on 1 reviews by users that proved they are real customers of this company and 1 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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VT Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard STP Raw ECN
Forex0.48 Pips$0.90 Per Lot
Futures$0.60 Per Lot$0.45 Per Lot
Oil / Energies1.02 Pips$0.90 Per Lot
MetalsGold/Silver - 1.02 PipsGold/Silver - $0.90 Per Lot
Shares / EquitiesUS/HK Shares - $9.00 Per Lot Per 1 Million Volume TradedUS/HK Shares - $6.75 Per Lot Per 1 Million Volume Traded
Indices$0.30 Per Lot
Nikkei225 - $0.006 Per Lot
$0.225 Per Lot
Nikkei225 - $0.0045 Per Lot
Cryptocurrencies$48.00 Per Lot Per 1 Million Volume Traded$36.00 Per Lot Per 1 Million Volume Traded
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Standard STP
Forex 0.48 Pips
Futures $0.60 Per Lot
Oil / Energies 1.02 Pips
Metals Gold/Silver - 1.02 Pips
Shares / Equities US/HK Shares - $9.00 Per Lot Per 1 Million Volume Traded
Indices $0.30 Per Lot
Nikkei225 - $0.006 Per Lot
Cryptocurrencies $48.00 Per Lot Per 1 Million Volume Traded
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Raw ECN
Forex $0.90 Per Lot
Futures $0.45 Per Lot
Oil / Energies $0.90 Per Lot
Metals Gold/Silver - $0.90 Per Lot
Shares / Equities US/HK Shares - $6.75 Per Lot Per 1 Million Volume Traded
Indices $0.225 Per Lot
Nikkei225 - $0.0045 Per Lot
Cryptocurrencies $36.00 Per Lot Per 1 Million Volume Traded
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

  • Rebates are not paid for trading on bonus funds.

What are VT Markets rebates?

VT Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do VT Markets rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much VT Markets rebates can I earn?

Use our forex rebate calculator to estimate your VT Markets rebate earnings:

 
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VT Markets Regulation / Money Protection

4.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
VT Global Pty Ltd 30 : 1
VT Markets (Pty) Ltd 500 : 1
VT Markets LLC
Saint Vincent and the Grenadines
500 : 1

VT Markets Symbols

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