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Is VT Markets safe and legit?

Your expert
Réka H.
Fact checked by
Adam N.
Updated
1d ago
Personally tested
Data-driven
Independent

VT Markets is not a scam

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years.

You can rest assured, VT Markets is considered reliable as it is regulated by the top-tier ASIC in Australia.

Top reasons why VT Markets is a safe and reliable choice
Réka
Réka Hidas

I have personally tested dozens of brokers and helped people who have fallen victim to fraudulent brokers. Our team tracks 30,000+ brokers globally with a special focus on their safety profile. Here are the key reasons I consider VT Markets a safe option:

  • VT Markets is regulated by at least one top-tier regulator.
  • We thoroughly tested the services of VT Markets.
  • VT Markets’s clients most likely have access to investor protection.
  • VT Markets has a strong track record in the industry.
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74-89% of retail CFD accounts lose money

VT Markets is regulated by at least one top-tier regulator

Brokers overseen by top-tier regulators are legally required to meet very strict rules designed to protect their clients’ money. Non-compliance with these rules typically results in the loss of their license to operate. Brokers overseen by top-tier regulators are seldom - if ever - scams.

They must keep clients’ money segregated from their operational funds, offer fair fees and prices as well as provide transparent trade execution. Top-tier oversight curbs fraud and manipulation through regular audits, licensing requirements, and steep penalties for violations.

We compiled a list of all the regulators that supervise VT Markets:

  • Australia - Australian Securities and Investment Commission (ASIC)
  • South Africa - Financial Service Provider (FSP)
  • Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) - Saint Vincent and the Grenadines Financial Services Authority (SVGFSA)
Regulators

We thoroughly tested the services of VT Markets

We tested every aspect of VT Markets’s services using a combination of automated analysis and manual verification with real money. We conducted real trades on the broker’s trading platforms, deposited and withdrew money, and contacted customer service through all available channels. Check out our findings and assessments in the full review of VT Markets.

We put special emphasis on the safety profile of the brokers we evaluate and analyze 33 safety related data points at each. Our team maintains a comprehensive database with over 32,000 brokers and collects detailed information on each to identify legitimate businesses versus fraudulent operations.

This database powers our unique Scam Broker Shield tool that allows users to instantly verify a broker's trustworthiness. Simply enter the broker's name into the search bar to check their legitimacy.

We regularly investigate user reports of scam brokers and if we confirm the broker is fraudulent, we update our records.

VT Markets’s clients most likely have access to investor protection

As a client of VT Markets you will have access to the investor protection program provided in the country where the broker operates.

These programs provide compensation to clients in the event a broker becomes insolvent and is unable to return investments. Check out the following table to see the investor protection amounts that you have access if you sign up with VT Markets.

VT Markets investor protection
Investor protection amount: No investor protection

VT Markets has a strong track record in the industry

In addition to regulatory oversight and investor protection, the length and spotlessness of a broker’s track record are also key indicators as to its safety.

VT Markets is a reliable industry player that has not been involved in any major scandals.

Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity.

Check out some additional safety features of VT Markets in the table below:

VT Markets snapshot
🌎 Country of origin Australia
📅 Foundation date 2,016
🏛 Banking background No
📈 Listed on exchange No
🗺️ Broker ownership is transparent Yes
👔 Broker management is transparent No
🔒 Negative balance protection is provided Yes
📋 Read more Check out the VT Markets review for 2024

Data updated on June 17, 2024

Warning: Be alert to cloned websites impersonating trusted brokers such as VT Markets. These fraudulent sites bear a strong resemblance to the legitimate broker's web page but they are scams. Avoid using links from forums or unverified sources and double-check the URL before making any deposits. To be on the safe side, use this link to VT Markets, which was tested and verified by BrokerChooser.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

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.

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Réka Hidas
Author of this article
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.
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