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VT Markets Review 2024

Written by
Réka H.
Fact checked by
Adam N.
Updated
4d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
3,742 people chose this broker
Not available in United States; see best alternatives

Why choose VT Markets

VT Markets is a forex and CFD broker regulated by the Australian and South African financial authorities.

It has low trading fees, the account opening process is fast and simple, and 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 600+ criteria and testing via opening a live account.

  • Low trading fees
  • Easy and fast account opening
  • Great email and live chat support
Overall score
4.1/5
Minimum deposit
$100
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
Visit VT Markets

74-89% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 4/5
VT Markets has low trading fees and there are no deposit, inactivity or account fees. On the other hand, CFD trading fees are average.
  • Low trading fees
  • No withdrawal fee
  • No inactivity fee

We compared VT Markets's fees with two similar brokers we selected, Fusion Markets and IC Markets. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of VT Markets alternatives.

Low FX fees

VT Markets charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.

Broker
EURUSD spread
FX commission per lot
VT Markets
0.2
$3.00 commission per lot per trade
Fusion Markets
0.0
$2.25 commission per lot per trade
IC Markets
0.0
$3.50 commission per lot per trade
VT Markets forex spreads and commissions

Average index CFD fees

VT Markets charges a commission for index CFDs, calculated as $1 commission per lot. There is also a spread cost. For example, the S&P 500 index CFD spread is 0.4.

Broker
S&P 500 CFD spread
VT Markets
0.4
Fusion Markets
0.3
IC Markets
0.2
VT Markets index CFD spreads and commissions

Average stock CFD fees

The commission for stock CFD trading is the following: $6 per trade.

Broker
Apple CFD
VT Markets
$6.8
Fusion Markets
$0.1
IC Markets
$0.3
VT Markets stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

There are no deposit, inactivity or account fees. Withdrawing funds is free of charge in most cases, although you will face a fee if the withdrawal amount is less than 100 units of your account base currency or if you withdraw to an e-wallet.

Broker
Inactivity fee
Withdrawal fee
VT Markets
$0
Fusion Markets
$0
IC Markets
$0
VT Markets inactivity, withdrawal and other fees

Safety

Due to VT Markets's regulation (Australia, South Africa, Saint Vincent and the Grenadines), clients are not covered by investor protection, only negative balance protection.
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
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.
  • Credit/Debit card available
  • No deposit fee
  • Deposit in BTC, Tether
Read more

Account opening

Score: 5/5
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.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 4.1/5
VT Markets has a good mobile platform. It's user-friendly, and offers two-step login and order confirmation for added security. However, it lacks price alerts.
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
Read more

Desktop platform

Score: 3.4/5
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.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 2.2/5
At VT Markets, you can trade only forex and CFDs. In other words, popular asset classes like real stocks or ETFs are not available.
Read more
“I recommend VT Markets for forex traders familiar with the MetaTrader trading platforms.”

FAQ

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Author of this review

Réka Hidas
Réka Hidas

Réka is a former Junior Broker Analyst for BrokerChooser. She attended the International Business and Economics bachelor program at Corvinus University in Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews, while also developing her skills and growing professionally in this field.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit VT Markets 74-89% of retail CFD accounts lose money
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