Whether you’re a seasoned trader or just starting, choosing a reliable broker is paramount. VT Markets is an innovative broker that has rapidly become a trusted name in multi-asset trading worldwide. This forex trading broker review will guide you through the broker’s history, key offerings, and the robust regulatory framework that safeguards its operations.
VT Markets: Overview
Established: 2016
Headquarters: Australia
Trading Platforms: MetaTrader 4, MetaTrader 5
Mobile Trading: Yes
Minimum Deposit: $100
Account Types: Standard STP, RAW ECN
Founded in 2016 with the mission to simplify trading, VT Markets has expanded its reach to over 160 countries, establishing itself as a one-stop solution for traders. With a commitment to providing a superior trading environment, VT Markets offers Standard STP and Raw ECN. From forex to various other assets, VT Markets caters to a broad range of trading needs, all underpinned by their extensive industry experience and impressive monthly trade volume.
Regulation and Registration
VT Markets holds regulatory approval from prominent organizations such as the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority of South Africa (FSCA). Additionally, it’s regulated by the Mauritius Financial Services Commission, ensuring a comprehensive regulatory framework that spans multiple jurisdictions.
Account Types of VT Markets
1. RAW ECN Account
- Minimum Deposit: $100
- Spread: From 0.0 pips
- Commission: $6 per round turn
- Maximum Leverage: 500:1
- Instruments: Forex, indices, energy, precious metals, soft commodities, and CFD shares
2. Standard STP Account
- Minimum Deposit: $100
- Spread: From 1.2 pips
- Commission: $0
- Maximum Leverage: Up to 500:1
- Instruments: Forex, commodities, indices, and CFD shares
Deposit and Withdrawal
VT Markets provides a convenient client portal for depositing funds, with a variety of payment methods including credit/debit cards, bank transfers, and alternative payment accounts. The company covers certain deposit fees, such as merchant fees for Neteller, Skrill, and other methods. However, any additional charges from banks are the client’s responsibility.
Withdrawals at VT Markets, like deposits, are managed through their client portal. The processing time for withdrawals varies, depending on the methods. Most typically take 1-7 business days, and bank wires require 3-5 business days. While VT Markets doesn’t charge for bank wire withdrawals, other bank-related fees may apply.
Products in VT Markets
VT Markets offers a number of trading products catering to various investment preferences. The offerings include:
- Forex
- Indices
- Energy
- Precious metals
- Soft commodities
- ETFs trading
- Share CFDs
- Bond CFDs
Trading Platform of VT Markets
To ensure a seamless trading experience, VT Markets provides access to advanced trading platforms, as listed below:
- MetaTrader 4
- MetaTrader 5
Fees of VT Markets
VT Markets is known for its low trading fees, with no charges on deposits, inactivity, or account maintenance. CFD trading fees are considered average. Additionally, the RAW ECN account incurs commission charges, with rates depending on the account currency. These details are crucial for traders to consider when calculating potential trading costs.
VT Markets Promotions
The broker offers promotions designed to enhance the trading experience and provide additional value to both new and existing clients. Here are the specifics of these attractive bonus offers:
1. 50% Welcome Bonus
VT Markets offers a 50% bonus on the first deposit for new and existing clients. To qualify, clients must open a live account and make a minimum deposit of $500 (or its equivalent). The maximum credit available is $500 on the first deposit, automatically credited within one business day after deposit verification.
2. 20% Bonus on Subsequent Deposits
After the initial deposit, VT Markets provides a 20% bonus on subsequent deposits. This bonus applies to any deposits made after the first one, including amounts over $1,000 from the initial deposit. The total credit bonus is capped at $10,000 per client during the promotion period.
Customer Support
- Email: [email protected]
- Phone (Australia): +610290549999
- Phone (South Africa): +27101412968
- Live Chat: 24/7
Pros & Cons
Pros
- Competitive spreads and low trading fees
- Regulated by ASIC, FSCA, and Mauritius FSC
- Wide range of trading products
- Attractive promotions and bonuses
- Comprehensive deposit and withdrawal options
Cons
- Longer withdrawal processing time for some methods
- Possible additional charges from banks or intermediaries
- Withdrawal limitations and conditions
Pros Explained:
- The platform offers competitive spreads and low trading fees, making it cost-effective for traders.
- VT Markets is regulated by reputable authorities like the ASIC, FSCA, and Mauritius FSC, ensuring a secure and reliable trading environment.
- A wide range of trading products, including forex, indices, and various CFDs, allows traders to diversify their portfolios.
- Attractive promotions, including a 50% welcome bonus and 20% bonus on subsequent deposits, provide additional trading power and incentives.
- Comprehensive deposit and withdrawal options with a convenient client portal facilitate easy account management.
Cons Explained:
- Some withdrawal methods may take up to 7 business days, which could be inconvenient for traders requiring faster access to funds.
- While VT Markets covers certain fees, traders may still incur additional charges from banks or intermediaries, potentially increasing transaction costs.
- There are specific conditions and limitations associated with withdrawals, such as requirements on the source of funds and restrictions on transferring bonuses between accounts.
Is VT Markets Worth Considering?
VT Markets positions itself as a reliable trading platform, serving traders in over 160 countries. The platform caters to diverse trading strategies through two account types, RAW ECN and Standard STP, along with competitive spreads and low trading fees.
The attractive promotions and 24/7 customer support, makes VT Markets a considerable option for both new and experienced traders.
Nevertheless, while it provides several trading products and access to popular platforms like MetaTrader 4 and 5, traders should be mindful of potential drawbacks such as longer withdrawal times and possible additional bank charges.
FAQs
VT Markets is a global online trading platform established in 2016, regulated by the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority of South Africa (FSCA), and the Mauritius Financial Services Commission. It offers a range of trading products, including forex, indices, and CFDs.
VT Markets offers two account types, including the RAW ECN Account and the Standard STP Account. Both accounts have a minimum deposit requirement of $100.
Yes, VT Markets offers promotions such as a 50% welcome bonus on the first deposit for new and existing clients with a minimum deposit of $500. Additionally, there’s a 20% bonus on subsequent deposits, with the total credit bonus capped at $10,000 per client.
VT Markets provides a convenient client portal for deposits and withdrawals, supporting methods like credit/debit cards and bank transfers. While the platform covers certain deposit fees, additional bank or intermediary charges may apply.
VT Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms, ensuring a seamless and advanced trading experience for its clients.
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