Overview of VT Markets fees and charges

It's safe to say that VT Markets's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use VT Markets even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of VT Markets's fees

VT Markets Fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Low $1 commission per lot per trade plus spread cost. 0.3points is the average spread cost during peak trading hours.
Europe 50 CFD Low $1 commission per lot per trade plus spread cost. 1.2points is the average spread cost during peak trading hours.
EURUSD Low Prime Account: $3 commission per lot per trade. Also, the fees are built into the spread, 0.1 pips is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

VT Markets fees
VT Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare VT Markets fees with its closest competitors, IC Markets and Pepperstone.

VT Markets fees
VT Markets trading fees

VT Markets's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at VT Markets.

Trading fees

VT Markets's trading fees are low.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

VT Markets fees benchmarked
VT Markets IC Markets Pepperstone
Apple benchmark fee $14.6 $2.0 $1.8
Vodafone benchmark fee - - $21.7
EURUSD benchmark fee $6.1 $5.8 $6.1

Financing rates

VT Markets financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

VT Markets yearly financing rates
VT Markets IC Markets Pepperstone
Apple CFD financing rate 6.0% 3.1% 2.6%
Vodafone CFD financing rate - - 2.6%
EURUSD financing rate 1.2% 1.2% 1.2%
EURGBP financing rate 1.5% 1.5% 1.6%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

VT Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

VT Markets fees
VT Markets non-trading fees

When it comes to looking at all the non-trading fees VT Markets is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at VT Markets that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how VT Markets stacks up in non-trading fees
VT Markets IC Markets Pepperstone
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

VT Markets fees
VT Markets deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and VT Markets is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods VT Markets offers.

VT Markets deposit methods
VT Markets IC Markets Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

VT Markets fees
VT Markets withdrawal fee

Unlike some online brokers we have reviewed VT Markets does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

VT Markets withdrawal fees and options compared
VT Markets IC Markets Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

VT Markets fees
VT Markets inactivity fee

VT Markets does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Réka Hidas

Author of this article

Réka has attended the International Business and Economics bachelor program at the Corvinus University of Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews. On a more personal level she wants to develop her skills and grow professionally on this field.

Réka Hidas

Junior Broker Analyst

Réka has attended the International Business and Economics bachelor program at the Corvinus University of Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews. On a more personal level she wants to develop her skills and grow professionally on 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

Share

Comments

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