VT Markets review and ratings

Established 2016
Location Australia UK Cayman Islands
Regulation ASIC, FCA, CIMA
Offices Sydney, London, George Town, Taipei
Broker type STP | ECN
Leverage up to 1:500
Deposit from 200 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay Tether Bpay POLi

Company information

VT Markets group includes 3 related companies.

VT Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
VT Markets UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
VT Markets KY - located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, KY company accepts European and Australian traders, so one can open a trading account there.

Availability

VT Markets group accepts clients from all over the world, excluding USA, Canada, Russia, Ukraine, Singapore, Egypt, Afghanistan, Belarus, Burma, Burundi, Central African Republic, Congo, Eritrea, Iran, Iraq, Lebanon, Libya, Mali, North Korea, Guinea, Guinea-Bissau, Somalia, Sudan, Syria, Tunisia, Venezuela, Yemen, Zimbabwe.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
16 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
2 Metal CFDs Based on Gold and Silver.
5 Energy CFDs Based on Crude Oil (WTI, Brent), Gasoil, Gasoline and Natural Gas.
5 Soft CFDs Based on Coffee, Cocoa, Cotton, Orange Juice, Sugar.
100+ Stock CFDs Based on shares of US and HK companies.

Comprehensive review

With offices in Australia, the UK, Taiwan and the Cayman Islands, VT Markets is a forex broker that caters to a truly global audience. The broker is fully regulated by agencies such as the UK’s FCA and Australia’s ASIC, which unfortunately also means that there are strict limitations on leverage for clients of those entities. However, it is known that even EU-based and Australian clients can sign up with the Cayman Islands-registered branch of VT Markets, which is a nice way to get around these regulations.

Like many other forex & CFD brokers we have reviewed here on FX-List, VT Markets offer clients to trade on the classic MetaTrader 4 or 5 platforms, usually known as just MT4 or MT5. These platforms have been around pretty much since the dawn of online forex trading for the retail market, but still remain popular to this day. The platforms now exist in their original downloadable version for Windows computers, as well as in web-based and mobile versions.

In addition to this, VT Markets also works with the ZuluTrade social trading platform to allow traders to copy each other’s trades or to browse signal providers on the platform. All that is needed to do this is to fill out an opt-in form on the VT Markets website, and then proceed to link the VT Markets trading account to ZuluTrade to get a full overview of the best signal providers to follow.

Looking at the trading instruments that are available from VT Markets, what mainly stands out to us is a pretty good coverage of the stock market in the US and Hong Kong. On the US side, the broker offers trading in stock CFDs of 50 of the biggest publicly traded companies, all with a commission from USD 6 per trade. Meanwhile, trading of Hong Kong stocks can be done with a commission starting from HKD 50 per trade, covering about 50 companies with operations in China and Asia.

Other than stocks, VT Markets also offer trading in more than 35 of the most traded currencies in the world, as well as in a number of equity indices, precious metals, and commodity CFDs. On the most liquid trading instruments, a maximum leverage of 1:500 can be obtained for those trading with the Cayman Islands-registered branch of this broker.

As most forex brokers these days, VT Markets gives its clients the choice between using either a STP (straight through processing) type of account or an ECN (electronic communications network) account.

Among these account types, the STP account allows traders to trade without commissions on most instruments, and instead charges a higher spread between buy and sell prices of the instruments. Conversely, the ECN account has tight spreads, and instead charges a commission on all trades. As always, the STP account is most suited for traders with small amounts of capital, while the ECN account is the best option for professional traders and others trading with more capital.

For customer service, the preferred way to get in touch with VT Markets is probably the live chat option found on the website. For other types of enquiries, there is also a request for callback option available, but unfortunately there is no direct phone number listed for clients to immediately reach the broker. There is also no information about the support team’s working hours published anywhere, which is something we believe should be added. We hence assume that 24 hour support is not available from VT Markets.

All in all, we are of the impression that VT Markets has found its niche in the space with its focus on forex and stock CFD trading in Hong Kong and the US. And with the opportunity to sign up with the offshore branch of the broker for more leverage, VT Markets may be an interesting broker to look at for Australian and European traders seeking higher leverage.

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