5.5

VT Markets Review 2024: Is VT Markets Reliable?

(1 customer review)
5.5/10 (Expert Score)
Product is rated as #22
Trust
6
Fees
5
Platforms and Tools
6
Customer Support
4.5
Tradeable Instruments
4.5
Account Types and Terms
5
Deposit and Withdrawals
6
Research and Education
7
VT Markets
5.5
Expert Score
#22 rated Forex Brokers
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ZFX
7.6
Expert Score
#3 rated Forex Brokers
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VT Markets Overviews


VT Markets, a global broker operating within the financial markets. Our examination encompasses an analysis of key operational aspects, including trading platforms, customer support infrastructure, etc. The intention is to offer an impartial, comprehensive overview of VT Markets, thereby enabling prospective clients to make an informed decision about the suitability of this broker for their trading needs.

VT Markets Review 2024: Is VT Markets Reliable?

VT Markets, a global financial services provider, is a broker of distinction in the competitive world of Forex trading. With its head office in St. Vincent and the Grenadines and another notable presence in Taipei, VT Markets has carved out a notable presence on the global trading stage.

Since its inception, VT Markets has demonstrated its commitment to offering a diverse and advanced trading experience. The broker provides its clients with a wide range of trading options, including Forex, Commodities, Indices, and Cryptocurrencies. Moreover, they have gone the extra mile to partner with Trading Central to avail ProTrader Tools to their clientele, further underscoring their dedication to delivering an empowering trading experience.

With robust promotional offers, like the 50% welcome bonus, 20% deposit bonus, and a lucrative referral program, VT Markets has continually sought to offer value to its clients. Their innovative ClubBleu loyalty program is also worth mentioning, designed to reward frequent traders with exclusive perks and rewards.

VT Markets is committed to providing quality customer support, and its operational restrictions show that it respects international financial regulations. This adherence to rules and regulations plays a crucial role in fostering a secure trading environment.

Despite these commendable features, the question remains: Is VT Markets the right choice for you as a broker? This depends on numerous factors, including your trading goals, your geographic location, and the specific features and services you desire in a broker. Examining these aspects in detail is important to make an informed decision.

Broker Feature Overview
Type of Broker ECN STP Broker
Regulation & Licensing ·         Australian Securities and Investments Commission (ASIC)

·         Financial Sector Conduct Authority (FSCA)

Applicable Countries Allowed To Trade See section below
Assets Offered Forex, indices, energies, precious metals, soft commodities, ETFs, Share CFDs, Bond CFDs
Platforms Available MT4, MT5, WebTrader, WebTrader Plus
Mobile Compatibility yes
Payment & Withdrawal Options

 

Apple Pay, Google Pay, Master Card, VISA, Bank Transfer, Neteller, Skrill, Union Pay, AliPay, FasaPay, Tether, Bitcoin.

Facts About VT Markets
  • VT Markets is a global broker based in St. Vincent and the Grenadines with an office in Taipei.
  • The broker offers Forex, Commodities, Indices, and Cryptocurrencies trading
  • VT Markets has partnered with Trading Central to provide ProTrader Tools for advanced trading
  • The broker provides a variety of promotional offers, including 50% welcome bonus, 20% deposit bonus, refer a friend scheme, and more
  • VT Markets offers a loyalty program called ClubBleu for rewarding everyday trading
  • Customer support channels include email and physical offices
  • Services of VT Markets are not available in certain jurisdictions, including the United States and North Korea

Pros and Cons


PROS
  • Offers a variety of promotional offers, enhancing traders' trading power
  • Prioritizes transparency with detailed information on the website about operating policies, services, and promotions
  • Strong client awareness initiatives, including free trading signals, daily newsletters, and advanced trading tools
  • Excellent customer service with multiple contact channels
  • Automatic trading cashback and ClubBleu loyalty program reward clients for their trading activity
CONS
  • VT Markets' services are unavailable in some jurisdictions, limiting global accessibility.
  • The level of customer support provided could be improved to match the size and scale of the broker.
  • Information about operational areas could be more detailed on the website to provide better clarity to the clients.
  • The website does not offer a variety of languages, potentially posing a barrier for non-English speaking clients.

Is VT Markets Safe? Broker Regulations


Founded in 2015, VT Markets has established itself as a reputable multi-asset CFD broker with global reach. Their mission is not just to provide a platform for trading but to create a superior trading environment that empowers every trader around the globe to seize market opportunities and carve their own path to success. Their success is rooted in stringent regulations and transparent operations.

VT Markets maintains an impressive portfolio of regulatory certifications, the details of which can be easily found on their website under the ‘Regulations‘ section of the ‘Company’ menu.

At the forefront, VT Markets holds the Australian Financial Service license (AFS number: 516246), issued by the Australian Securities and Investments Commission (ASIC). ASIC, being the federal agency of Australia, is recognized for its robust financial supervision system and strict rules. The agency is unanimously regarded by investors and regulatory counterparts globally as one of the world’s most proficient financial regulatory systems.

Furthering its strong compliance pedigree, VT Markets is also authorized as a Financial Service Provider by the Financial Sector Conduct Authority (FSCA) of South Africa. FSCA, which succeeds the Financial Services Board (South Africa), oversees the financial industry with a mission to ensure that clients are informed, protected, and treated fairly (FSCA number: 50865).

In addition to these, VT Markets operates as a Limited Liability Company (LLC number: 673 LLC 2020) within the broader VT Markets’ company group, incorporated under the laws of St. Vincent and the Grenadines. This jurisdiction is known for regulating and supervising the international financial services sectors.

The VT Markets brand is a name carried by different entities authorized and registered in various jurisdictions, including ASIC, FSCA, and the Financial Services Authority of St.Vincent and the Grenadines, a testament to their commitment to operating under the highest regulatory standards.

VT Markets maintains its commitment to transparency and security by ensuring the website provides a seamless and secure user experience, including cookies, as detailed in its cookie policy. They offer easy registration, a variety of methods for funding your account, and access to trade over 1000 instruments across all asset classes.

In addition, VT Markets has given due diligence to the risks associated with trading leveraged products, ensuring their customers understand these risks before they start trading. They make it clear that past performance is not a reliable indicator of future results and that trading such products may not be suitable for all investors due to the high risk of losing money.

The company has committed to staying current, understanding that the information on its website may change over time. Despite these changes, they strive to provide the most accurate information, emphasizing its generic nature and that it doesn’t consider individual goals, financial situations, or needs. They also note that the services offered on the site are not available in certain jurisdictions.

Through its emphasis on transparency, regulatory compliance, and customer education, VT Markets has positioned itself as a trusted platform for traders around the world. Their commitment to providing a superior trading environment while adhering to the highest standards of financial regulation embodies their mission and supports their growth. As they continue to innovate and expand, VT Markets invites traders to join them and experience the difference they offer.

  • Australian Securities and Investments Commission (ASIC)
  • Financial Sector Conduct Authority (FSCA)

What Can I Trade with VT Markets?


Forex

Forex trading involves the speculative price action of one currency against another. It is always done in pairs, meaning one currency is bought or sold in terms of another. A renowned broker, VT Markets offers seamless access to global forex markets through its robust MetaTrader 4 (MT4) platform.

Forex is the largest financial market globally, with a daily turnover of over $4 trillion. Banks, governments, and companies actively participate in this highly liquid market, thus creating volatility that savvy traders can exploit for consistent profits.

With VT Markets, traders can access over 40 Forex pairs, leveraging their positions up to 500:1. It offers super-tight spreads, thus keeping trading costs to a minimum and enabling traders to maximize their overall portfolio.

Indices Trading

VT Markets provides instant access to the world’s most liquid stock exchange indices through a transparent pricing model. The correlation between forex markets and stock indices offers traders an excellent opportunity to hedge their currency risk. VT Markets provides up to 500:1 leverage on indices, allowing traders to maximize their profits.

Energy Trading

Energy markets play a pivotal role in nearly all industries and modern activities. Price movements resulting from energy assets’ constant supply and demand provide a great trading opportunity. VT Markets provides access to spot energy contracts, including Crude Oil, Natural gases, Gasoline, and Gasoil.

Trading Precious Metals

Precious metals, such as gold, silver, and copper, are widely considered a store of value. They are seen as a safe haven during economic turmoil and their price movements can be predictable. At VT Markets, traders can tap into this potential by trading these precious metal markets through the MT4 platform.

Soft Commodities

VT Markets provides its traders access to soft commodities, which refer to commodities that are grown, such as cocoa, coffee, cotton, orange juice, and raw sugar. This market offers a plethora of speculation opportunities while providing a crucial hedging tool for farmers against natural disasters.

ETFs

VT Markets offers its traders the ability to diversify their portfolios with ETFs (exchange-traded funds), a unique basket of securities that track an underlying index. With up to 33:1 maximum leverage, traders can speculate on the price movements of 51 different ETFs that track various sectors, including technology, energy, and mining.

Share CFDs

Share CFDs (Contracts for Differences) enable investors to profit from the price movement of shares without owning the underlying assets. VT Markets offers access to over 800 top-listed companies from America, Europe, and Asia, with leverage of up to 20:1.

Bond CFDs

Bonds are loans made to entities such as governments or corporations to raise capital. At VT Markets, you can trade bond CFDs, speculating on the price movements of bonds such as US 10-year Treasury Bond Futures, UK Long Gilt Futures, Euro-Bund Futures, and more, with up to 100:1 leverage.

In conclusion, through its intuitive trading platforms and award-winning mobile app, VT Markets offers traders a diverse range of tradable assets. This broker has got you covered from forex to indices, energy, precious metals, soft commodities, ETFs, share CFDs, and bond CFDs. Check out their main menu’s “trading” section for more detailed information.

  • Forex
  • Indices
  • Energy
  • Precious Metals
  • Soft Commodities
  • ETFs
  • Share CFDs
  • Bond CFDs

How to Trade with VT Markets?


VT Markets is renowned for its commitment to providing clients an extensive range of highly convenient trading platforms worldwide, empowering them to trade wherever, whenever. With platforms that include MetaTrader 4, MetaTrader 5, WebTrader, and the advanced WebTrader Plus, VT Markets ensures that traders have access to a wide variety of markets at their fingertips. Detailed information about these platforms can be found under the “Trading” section of the “Main” menu on the VT Markets website.

MetaTrader 4

Popular for its flexibility and user-friendly interface, MetaTrader 4 (MT4) is the industry benchmark for retail forex trading platforms. With this platform, VT Markets allows traders to access forex charts anytime and anywhere, making staying on top of trades easier than ever.

MT4 is widely recognized for its customizable features. Traders have the freedom to modify their chart studies and indicators in tens of thousands of ways, aligning them to suit their unique trading style.

VT Markets also stands out by offering super-low spreads, ultra-fast order execution, and the option to trade over 200 forex pairs, indices, commodities, and CFD shares on MT4. With no restrictions on trading, VT Markets and its MT4 platform cater to every trader’s needs, regardless of their experience level.

VT Markets offers the official MetaTrader mobile apps for mobile traders, compatible with both Apple and Android devices. These apps enable traders to view real-time prices and place forex trades in the same way they would on their desktop MetaTrader platform.

WebTrader

WebTrader provides fast and stable access to your MT4 trading account from any web browser, requiring no downloads or installations. VT Markets is among the few forex brokers that have constructed their entire MT4 offering using the official MetaQuotes trading ecosystem, ensuring a reliable and speedy trading experience.

The intuitively designed WebTrader mirrors the MetaTrader desktop version, providing you with access to your trading account and allowing you to manage your trades whenever you have internet access.

MetaTrader 5

As the successor to MetaTrader 4, MetaTrader 5 (MT5) brings even more advanced features to the table. This next-generation platform retains the familiarity of MT4 while offering a more extensive range of trading orders for forex, commodities, and indices.

Trading on MT5 through VT Markets gives traders a competitive advantage. The platform offers rapid execution, tight spreads, and advanced charting capabilities compared to MT4. Traders can view unlimited charts, access 21 available timeframes, and utilize one-minute historical quote data for further flexibility.

Creating an MT5 account is a seamless process, allowing new and existing VT Markets clients to connect to the VT Markets servers 24/7 at no cost.

WebTrader Plus

WebTrader Plus, powered by TradingView, brings the world’s finest technical, charting, and analytical tools to your fingertips. This partnership between VT Markets and TradingView provides an unmatched trading experience, tapping into superior charting and market analysis tools.

The TradingView platform brings together over 30 million traders and investors monthly, offering a wide array of world-class tools to enhance your trading experience. WebTrader Plus, coupled with VT Markets’ lightning-fast execution speeds and ultra-low trading cost, delivers a trading experience that is second to none.

For WebTrader, an online browser-based platform, requires credentials to log in. While there’s nothing out of the ordinary here, this platform provides a convenient and accessible avenue to view and experience the market.

Whether you are a beginner or a seasoned trader, VT Markets provides a wide range of platforms tailored to your unique trading needs, ensuring you have the best possible trading experience.

Features MetaTrader 4 MetaTrader 5 WebTrader WebTrader Plus
One-Click or One-Tap Trading Yes Yes Yes Yes
Trade Straight off Charts Yes Yes Yes Yes
Email Alerts or Notifications Yes Yes Yes Yes
Mobile Alerts Yes Yes Yes Yes
Stop Order Yes Yes Yes Yes
Market Order Yes Yes Yes Yes
Trailing Stop Order Yes Yes Yes Yes
OCO Orders Yes Yes Yes Yes
Limit Order Yes Yes Yes Yes
24hr trading Yes Yes Yes Yes
Charting Package Yes Yes Yes Yes
Streaming News Feed Yes Yes Yes Yes

This table provides a general overview of the features available on each platform. However, the availability of specific features can vary based on the brokerage’s implementation and the user’s settings. Please always verify this information with the official resources.

  • MT4
  • MT5
  • WebTrader
  • WebTrader Plus (TradingView)

How Can I Open VT Markets Account? A Simple Tutorial


First, You must head to the VT Markets website and click on the “open a live account” button. Don’t worry about your region; the browser will determine your IP address and route you accordingly.

After you have clicked on that button, then you will be taken to the registration page, where you will need to fill in your country, name, phone number, and Email address.

After you have filled in that information, you will be directed to your client area, where you will essentially be registered. There are a few more steps to the verification process, but in essence, the registration process is complete, and you are now a client of VT Markets.

  • Begin by visiting the VT Markets website and clicking on the "open a live account" button. The browser will identify your IP address and guide you based on your region.
  • After clicking the button, you will be redirected to the registration page. Here, you need to enter details such as your country, name, phone number, and email address.
  • You will be directed to your client area once you've filled in the necessary information. At this point, you are essentially registered. Although there are a few more steps for the verification process, you are fundamentally a client of VT Markets.

VT Markets Charts and Analysis


VT Markets, a leading online trading platform, offers various resources to help novice and experienced traders maximize their trading experience. Accessible through the “Tools” section of the main menu, these resources include an array of tools and educational materials designed to aid in the understanding and implementation of successful trading strategies.

Expert Advisor

The Expert Advisor (EA) is a highlight of VT Markets’ offering, providing a dynamic and customizable automated Forex trading solution that integrates with the widely used MetaTrader 4 platform.

The EA can fully automate trading strategies or send alerts when specific market conditions are met. This software is created using the MetaQuotes Language (MQL4) in a program like MetaEditor, which comes pre-loaded on MetaTrader 4.

VT Markets allows traders to easily create their own Expert Advisors. For beginners, the VT Markets MetaTrader 4 platform includes templates and popular EAs to get you started. Additionally, the platform enables you to purchase peer-reviewed EAs through the MT4 market tab, offering a secure and trustworthy process for obtaining these valuable trading tools.

Forex Signals

Forex Signals serve as navigational aids in the often unpredictable waters of forex trading. They provide actionable suggestions based on technical analysis or the preferences of a chosen signal provider.

These signals usually specify details like which currency pairs to trade, the trade direction, entry and exit points, and stop loss and take profit levels. VT Markets emphasizes the importance of using reliable forex signals and provides access to thousands of verified signal providers through the MetaTrader 4 platform.

Economic Calendar

The Economic Calendar is another critical tool offered by VT Markets. This resource allows traders to track significant market-moving events and anticipate major market shifts. It presents real-time, actionable macroeconomic data, enabling traders to monitor and act upon potentially influential events.

Trading Central

VT Markets’ partnership with Trading Central enriches the platform’s offering by providing actionable insights to support your trading decisions. Trading Central’s analytics comprises three innovative MetaTrader indicators representing market psychology to aid in spotting new trade opportunities and potential entry/exit points.

The Trading Central tools also include an Economic Calendar with real-time macroeconomic data and an FX Chart to visually represent market trends.

MAM/PAMM Solutions

For money managers, VT Markets offers high-performance Multi Account Manager (MAM) and Percent Allocation Management Module (PAMM) solutions, created in partnership with MetaFX. The MAM/PAMM solutions offer benefits like unlimited trading accounts, bulk order execution with instant allocation to sub-accounts, full SL, TP & pending order functionality, and live order management monitoring.

Daily Market Analysis

The Daily Market Analysis provided by VT Markets is a rich source of current market trends, important economic indicators, and anticipated market movements. This resource is updated daily, informing traders of market dynamics.

Learn Forex

VT Markets offers an extensive collection of educational materials under the “Learn Forex” section. This includes articles, MT4 guides for various devices, and a range of topics on forex trading. It serves as a knowledge base for both beginners and seasoned traders.

MT4 Guide

The MT4 Guide is a comprehensive resource that assists traders in installing and maximizing the MT4 platform’s potential. It includes detailed instructions on installation, an introduction to the VT Markets MT4 platform, upgrading your terminal, and using MT4 for PC.

Trading Central Tools Guide

Finally, the Trading Central Tools Guide helps traders make the most of the advanced Trading Central tools. It offers instructions for first-time users and upgrading from previous plugins. This guide is a valuable resource for traders looking to take advantage of Trading Central’s innovative features.

VT Markets provides a wealth of trading resources and educational materials designed to help traders succeed in the market and help them to become better traders.

  • Expert Advisor
  • Forex Signals
  • Calendar
  • Trading Central MT4
  • MAM/PAMM
  • Daily Market Analysis
  • Learn Forex
  • MT4 Guide
  • Trading Central Tools Guide

VT Markets Account Types


VT Markets offers an array of account types that suits almost any trader, and in this section, we will cover each and then do an in-depth comparison to see what the differences are.

Standard STP Account

The Standard Straight Through Processing (STP) Account at VT Markets forms the foundation of your trading journey, perfect for traders making their first steps in a live environment. This account type allows access to diverse assets, including 180+ Forex, Commodities, Indices, and Share CFD’s through the reliable MetaTrader 4 platform.

The unique feature of the Standard STP Account is the direct entry to institutional-grade spreads and dark liquidity pools, ensuring more profound liquidity. By leveraging the Equinix Fibre Optic Network, you can enjoy super-fast execution for every trade. With no commissions, minimal spreads, and 100GB/s of network bandwidth, you will trade with ease and efficiency.

RAW ECN Account

VT Markets offers the RAW Electronic Communications Network (ECN) Account for traders looking to minimize costs while maximizing precision. This account type, arguably one of the most cost-effective options in the industry, presents the opportunity to trade on institutional-grade liquidity from the world’s largest institutions with no spread markup. The cost of trading is simplified to a small commission of just $6.

The RAW ECN Account ensures transparency and precision. It connects traders to the real Interbank Forex market, thereby eliminating any conflict of interest. Coupled with the custom-made fiber optic network, it delivers the fastest Forex trading execution possible, a feature that empowers traders to make consistently profitable decisions amidst market volatility.

Swap Free Accounts

Tailored explicitly for traders of the Muslim faith, the Swap Free Account at VT Markets guarantees adherence to Islamic finance principles. This account type allows traders to engage in forex, indices, energy, precious metals, soft commodities, and CFD shares without the worry of swap or interest fees on positions held overnight or over the weekend.

The Swap Free Accounts, both the Standard STP and the RAW ECN, are devoid of any swap fees. Instead, an administration fee is deducted from the account balance for positions.

Comparing the Account Types

While each of these account types is designed to suit different trading needs and preferences, they share a common ground in providing access to diverse assets, seamless trading experiences, and robust platforms such as MetaTrader 4 and 5.

The Standard STP Account sets itself apart by offering trades with no commissions and low spreads. It’s suitable for beginner traders ready to venture into a live trading environment.

In contrast, the RAW ECN Account prioritizes minimal trading costs. This account is ideal for professional traders who prioritize low costs and appreciate the assurance of transparency and accuracy in their trades.

Lastly, the Swap Free Accounts stand out due to their compliance with Islamic finance principles. They offer the unique benefit of no swap or interest fees, making them the go-to choice for traders of the Muslim faith.

The account type selection ultimately depends on your trading style, level of experience, religious beliefs, and cost considerations. All these account types can be found under the ‘trading’ section on the main menu of the VT Markets website.

Features Standard STP Account RAW ECN Account Swap Free Accounts
Account Currencies AUD, USD, GBP, EUR, CAD AUD, USD, GBP, EUR, CAD AUD, USD, GBP, EUR, CAD
Available Leverage Not specified Not specified 500:1
Minimum Deposit $100 $100 $100
Commission Per Trade $0 $6 STP: $0, ECN: $6
Decimal Pricing Not specified Not specified Not specified
Trading Instruments 180+ FX, Commodities, Indices, Share CFD’s Forex on institutional grade liquidity Forex, indices, energy, precious metals, soft commodities, and CFD shares
Min. Lot Size Per Trade 0.01 lot 0.01 lot Not specified
Max. Lot Size Per Trade Not specified Not specified Not specified
Spreads From 1.2 pips From 0.0 pips STP: From 1.2 pips, ECN: From 0.0 pips
Demo Account Not specified Not specified Not specified
Swap/Rollover Free No No Yes
Hedging Not specified Not specified Not specified
Scalping Not specified Not specified Not specified
Copy Trading Support Not specified Not specified Not specified
Available to US Residents Not specified Not specified Not specified

Please note that ‘Not specified’ denotes that information was not provided in the data you provided or our conversation. You might need to check VT Markets’ official website or contact their customer service for full and accurate information.

  • Standard STP
  • RAW ECN
  • Swap Free

Do I Have Negative Balance Protection with This Broker?


VT Markets, an established financial trading broker, offers its clientele a wide array of features and benefits. However, when it comes to their policy on negative balance protection, it’s not as straightforward or easily accessible as some traders might expect. This policy, which is a crucial aspect of trading for many, can be found on their official website under a specific link. It’s essential to highlight why negative balance protection is important and to address VT Market’s stance on this matter.

Importance of Negative Balance Protection

Negative balance protection is considered standard practice among top-tier brokers. This policy safeguards traders from losing more money than they have deposited in their trading account, effectively preventing the account balance from going into negative territory. This feature provides a safety net, ensuring that unexpected market fluctuations or volatile trading conditions don’t result in significant personal financial loss beyond the invested amount.

Given the inherent risks associated with financial trading, such a policy is desirable and necessary for traders. It provides additional protection and peace of mind, allowing traders to focus more on their trading strategies and less on potential debt.

VT Market’s Approach to Negative Balance Protection

VT Markets operates with a somewhat more “lax” approach when it comes to negative balance protection. Per their policy, if your trading account falls into a negative balance, any subsequent deposit you make may partially or completely cover the negative amount. It means your new funds may not be entirely available for trading but rather could be used to offset your negative balance.

However, VT Markets does offer an option for traders who wish to remove the negative balance before making a deposit. Traders can submit a request to the VT Markets team for approval. Upon approval, the negative balance will be cleared. However, it’s crucial to note that any bonus credit existing in the account will also be removed in this process.

As a trader, understanding the policies of your broker is paramount, especially those related to financial protection and risk management. With VT Markets, although their policy on negative balance protection differs slightly from standard practices, it offers flexibility and options for traders to manage their funds and trading activities effectively.

While VT Markets’ policy on negative balance protection might seem less straightforward, it offers traders options on managing and approaching their trading activities. Nevertheless, always ensure you understand these policies thoroughly before proceeding with your trades.

  • Yes and No* (you need to make a request)

VT Markets Deposits and Withdrawals


VT Markets is a well-regarded broker, offering its clients a range of financial services. However, understanding any broker’s deposit and withdrawal policies is paramount for efficient trading. While VT Markets does not provide a specific list of deposit and withdrawal methods, it details a comprehensive policy regarding the same on its website, accessible through the “trading” menu. Traders can gain additional insights and specifics on the methods offered by navigating to the client portal, which necessitates registration.

Understanding Deposits with VT Markets

VT Markets facilitates deposits via its client portal. It’s important to note that not all deposits will reflect in your account instantly. The timeframe depends on the method used for the deposit, and further details can be found on their website’s ‘Deposit Page.’

Deposits are intended strictly for trading purposes. The source of funds, whether a credit/debit card, bank, or any alternative payments account, should bear the same name as the trading account. VT Markets retains the right to request proof of account ownership to verify the source of the deposit. It may involve providing a scanned copy or photo of your credit or debit card, with all but the first 6 and last 4 digits redacted for security.

Should VT Markets cover any fees, they can only account for those they witness. Other fees imposed by your bank or their financial institution remain your responsibility. Furthermore, the broker will not be held accountable for any losses incurred due to delays in processing your deposit.

The Withdrawal Process at VT Markets

Withdrawals, like deposits, are processed through the client portal. However, just as with deposits, not all withdrawals will immediately reflect in your account. The withdrawal processing time can range from 1-7 business days, depending on the withdrawal method used. VT Markets will not be held liable for any processing delays caused by payment systems.

In accordance with Anti-Money Laundering and Counter-Terrorism Financing Rules and Regulations, withdrawals are only processed to the account bearing the same name as used for the deposit. The broker reserves the right to refuse withdrawal requests to a different account, and such scenarios may necessitate additional information or documentation.

Bank wire withdrawals typically take 3-5 business days, and while VT Markets does not impose charges, other fees may be levied by banks or intermediaries involved. Clients may need to provide information on the source(s) of the funds when processing a withdrawal request, and VT Markets may refuse withdrawal requests if all required information is not provided.

Third-Party Payments and Additional Terms

Third-party deposits and withdrawals are strictly prohibited at VT Markets. The company operates a “return to source” policy. Any failure to adhere to this policy could result in VT Markets reversing the payment, closing any open positions, voiding any profits gained, or even terminating the trading account.

VT Markets covers the merchant fees for transactions via Neteller, Skrill, E-wallets, Alternative Payment Methods (APMs), and credit cards. However, should clients deposit funds and then request a withdrawal without trading (or minimal trading), the broker reserves the right to charge the applicable merchant fees along with a discretionary handling fee.

VT Markets has a detailed policy governing deposits and withdrawals, which is crucial for smooth trading operations. Although the broker does not explicitly state the deposit and withdrawal methods, the detailed policy sheds light on the processes involved, ensuring transparent, efficient client transactions.

  • Apple Pay
  • Google Pay
  • Master Card
  • VISA
  • Bank Transfer
  • Neteller
  • Skrill
  • Union Pay
  • AliPay
  • FasaPay
  • Tether
  • Bitcoin

Support Service for Customer


Customer support is a key aspect of any broker’s service, including VT Markets. It often plays a crucial role in shaping the overall user experience, impacting everything from troubleshooting issues to understanding platform functionalities.

While VT Markets does offer customer support, one might expect more comprehensive options given the size and reputation of the broker and navigating through the menus to find it is a hassle. Nevertheless, they have established channels through which customers can seek assistance or clarification.

VT Markets Contact Information

As a first point of contact, VT Markets invites clients and prospective traders to get in touch via their dedicated email addresses. You can address general inquiries to info@vtmarkets.com, while media-related queries should be directed to media@vtmarkets.com. These email addresses serve as a primary avenue for clients to communicate with VT Markets, ensuring that their concerns are heard and addressed.

In addition to email support, VT Markets maintains a physical presence with its head office in Kingstown, St. Vincent, and the Grenadines, and an additional office in Taipei City, Taiwan. The physical locations provide avenues for direct contact, albeit less accessible to an international clientele.

Why Customer Support Is Crucial for a Broker

An efficient customer support system is pivotal in the world of brokerage services for a multitude of reasons. In an industry where time-sensitive trading decisions are the norm, having access to prompt and effective customer support can be a make-or-break factor for many traders.

Customer support services often act as a lifeline for traders encountering technical issues or requiring urgent clarification on trading matters. They need to be able to trust that their broker will provide timely, relevant, and accurate assistance when needed. From resolving platform glitches to addressing queries about intricate trading features, a robust customer support system instills confidence in traders and enhances their overall trading experience.

Furthermore, a broker’s customer support often serves as an important communication bridge between the company and its clients. Through this channel, clients can voice their concerns, seek advice, and learn more about their trading platform’s latest updates or functionalities.

While providing certain customer support channels, VT Markets could certainly expand its efforts in this domain. For instance, incorporating a live chat feature that is easy to use or a dedicated customer helpline would increase accessibility and response time, which are crucial factors in the fast-paced trading environment.

While VT Markets does provide essential customer support services, they could enhance the quality and accessibility of these services to further enrich the client experience. As customers navigate the complex world of financial markets, strong and readily available customer support can provide the necessary guidance and reassurance to bolster their trading journey.

VT Markets Customer Support Overview
Supported Languages English, Unknown
Customer Service By VT Markets
Customer Service Hours Unknown
Email Response Time Within 1 day
Telephonic Support Call back
Personal Account Manager Yes

  • Supported Languages: Arabic, Chinese, Etc,
  • Customer Service Channels: Email, live chat, call back
  • Customer Service Hours: Unknown

Prohibited Countries: Where Can I Not Trade with this Broker?


As an internationally recognized broker, VT Markets operates across several global markets. However, as is the case with most financial services firms, certain restrictions limit its operational footprint. These restrictions primarily arise from regional regulations and legal stipulations that govern the provision of brokerage services.

Where VT Markets Operates

VT Markets operates in various jurisdictions around the world, offering its services to traders and investors looking to navigate the global financial markets. The company provides detailed information about its operational jurisdictions on its website, primarily within the footer section. This information, however, does not exhaustively list every country where the broker operates.

Regions Where VT Markets is Restricted

Specifically, VT Markets notes that its services and information are not directed or available to residents of certain jurisdictions, including the United States and North Korea. The statement implies that the broker does not provide its services within these territories.

Why Operational Regions Matter for Brokers

The ability of a brokerage firm to operate in certain regions depends largely on the local financial regulations. These laws are designed to protect consumers and maintain the integrity of financial markets. Each country has its own set of rules and regulations, and brokers must obtain the necessary licenses to operate legally within these territories.

For instance, in the United States, brokers need to comply with the regulatory standards set forth by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Similarly, other countries have their respective regulatory bodies overseeing the operations of brokerage firms.

Non-compliance with these regulations can lead to penalties and legal ramifications, which explains why brokers like VT Markets avoid offering their services in certain countries. It’s not so much a matter of the broker choosing not to operate in a region but rather an adherence to regulatory requirements.

One would expect a broker as sizeable as VT Markets to provide more transparent and comprehensive information about their operational jurisdictions. Such transparency would offer clients more clarity and assurance about the broker’s legitimacy and regulatory compliance. It would also allow potential clients to easily ascertain whether they can legally avail of the broker’s services.

With this lack of clear information, the role of customer support becomes crucial. Clients should be able to inquire about the broker’s operational territories and receive a swift and detailed response. A strong customer support system would facilitate this exchange and ensure customers are well-informed about the broker’s regulatory status and geographical reach.

Like any reputable broker, VT Markets operates within specific legal and regulatory parameters that determine its operational jurisdictions. While some restrictions apply, understanding these limitations and the reasons behind them can provide clients with a clearer picture of the broker’s operational boundaries.

  • North Korea
  • USA

Special Offers for Customers


VT Markets has been distinguishing itself as an innovative broker in the financial market, and a crucial part of its strategy is the impressive array of promotions, competitions, and promotional offers it extends to its clients. As one navigates the ‘Promotions’ section on VT Markets’ website, it becomes clear that the broker’s offerings are not just about providing trading services but creating a rewarding and engaging trading environment.

Refer a Friend & Earn Cash Bonus

One of the signature promotions from VT Markets is the “Refer a Friend” initiative. It encourages traders to share their positive experiences with the platform and gives them a tangible reward for doing so. By referring a friend who opens an account, funds it, and starts live trading, clients can earn a $200 cash bonus. The process is transparent and straightforward and represents an excellent way to supplement trading profits.

Boost Your Trading Power with Deposit Bonuses

VT Markets is committed to empowering its clients with more trading power through its deposit bonus initiatives. They offer a 50% welcome bonus exclusively for all types of their accounts, appearing within a business day of opting in. A recurring 20% bonus is available for any deposit over $1,000, providing extra trading power up to $10,000. These bonuses contribute to more flexibility and increase the potential for profitability.

ProTrader Tools: Advanced Trading Made Accessible

The platform has partnered with Trading Central to bring their clients ProTrader Tools, a sophisticated trading tool suite that offers 24-hour multi-asset coverage, technical and fundamental analysis, and back-tested trading strategies. By ensuring a minimum account balance of $500, clients get access to these high-level trading resources to elevate their trading experiences.

Get Free Trading Signals and Market Insights

Staying ahead of the market becomes easier with VT Markets’ free trading signals and daily newsletters, offering market-moving news and actionable trading ideas. In collaboration with Trading Central, VT Markets ensures their clients stay informed about market trends and opportunities, thus aiding effective decision-making.

Trading Cashback: Earnings on Every Trade

VT Markets values each trade made by its clients and offers an automatic trading cashback. This unique program converts credit bonuses from other offers into a cash balance of $3 USD per lot traded daily, enhancing earnings potential.

ClubBleu: A Loyalty Program with Exciting Rewards

Through ClubBleu, VT Markets has redefined the concept of a trading community. This loyalty program enables clients to earn Trade Points from everyday trading and redeem them for an array of rewards such as cash, trade vouchers, gift cards, exclusive webinar tickets, and more.

VT Markets has truly reimagined the brokerage experience by offering a slew of promotions and special offers that augment trading potential and inject fun and community into the trading process. With every initiative designed to enhance client satisfaction and profitability, VT Markets is a progressive platform redefining the trading landscape.

  • Refer a friend
  • 50% welcome bonus
  • 20% deposit bonus
  • ProTrader Tools
  • Free Trading Signals
  • Trading Cashback
  • ClubBleu

VT Markets Review Conclusion: Reputable Broker with Easy-to-use Platform


VT Markets also places significant emphasis on client awareness. Through initiatives like free trading signals, daily newsletters, and Trading Central's ProTrader Tools, they empower clients with key market insights and decision-making tools, ensuring informed and strategic trading.

PIPPENGUIN

When evaluating the safety and reliability of a broker, a thorough examination of their transparency, client awareness initiatives, and safeguard measures is paramount. VT Markets passes these tests with flying colors, offering an environment where clients can trade with confidence. Their website is a testament to their commitment to transparency, as it is laden with detailed information about their operating policies, services, and support channels.

VT Markets also places significant emphasis on client awareness. Through initiatives like free trading signals, daily newsletters, and Trading Central’s ProTrader Tools, they empower clients with key market insights and decision-making tools, ensuring informed and strategic trading. The clear communication about their promotional offers, with full disclosure of terms and conditions, further underscores their commitment to transparency.

The automatic trading cashback feature and the loyalty program, ClubBleu, provide tangible reassurances of VT Markets’ client-centered approach. Furthermore, as stated in the ‘Contact Us’ section, the broker’s prompt and multichannel customer support services underscore its dedication to client safety and satisfaction.

In conclusion, VT Markets appears to be a safe and reliable broker, diligently focusing on client safety, awareness, and transparency, thereby fostering a secure and supportive trading environment.

Summary and Key Takeaways


VT Markets stands out in the crowded brokerage market due to its comprehensive range of promotions, robust customer service, and unique loyalty program, all of which enhance the trading experience while offering additional benefits to its clients.

The broker’s diverse promotional offers, ranging from referral bonuses to deposit bonuses, provide significant opportunities for clients to boost their trading power. The unique ‘Refer a Friend’ program is a testament to the brand’s confidence in its services, encouraging client referrals with attractive cash bonuses.

VT Markets’ collaboration with Trading Central to offer ProTrader Tools is a key selling point, equipping clients with advanced trading tools and insights. Their free trading signals and daily newsletters offer a steady stream of actionable market insights, giving clients an edge in their trading journey.

The broker’s automatic trading cashback scheme and ClubBleu loyalty program are distinctive features that reward trading activity and promote a sense of community among traders. Clients can earn Trade Points from everyday trading and redeem them for an array of rewards, thus enhancing client engagement and loyalty.

Overall, VT Markets distinguishes itself through a combination of rewarding promotions, advanced trading tools, and a client-centered approach. These key selling points make VT Markets a compelling choice for traders seeking a rewarding and supportive trading environment.

  • VT Markets is a reliable and secure trading platform, committed to transparency and client safety.
  • The broker emphasizes client awareness through free trading signals, daily newsletters, and advanced trading tools provided by Trading Central.
  • The diverse range of promotional offers, including referral bonuses and deposit bonuses, give traders opportunities to increase their trading power.
  • The automatic trading cashback scheme rewards clients for their trading activity, further enhancing the trading experience.
  • VT Markets' ClubBleu loyalty program fosters a sense of community among traders and rewards them with Trade Points for everyday trading.

FAQs


Is VT Markets a good broker?

Yes, VT Markets is considered a reliable broker that provides a variety of trading services and promotional offers.

What is the minimum deposit for VT Markets?

The exact minimum deposit is not mentioned in the information provided, but some services such as ProTrader Tools require a minimum account balance of $500.

Who competes with VT Markets?

Other global Forex brokers such as eToro, IG, and Forex.com are competitors of VT Markets.

How much can you withdraw from VT Markets?

The withdrawal amount depends on the account balance and the broker’s terms and conditions. More detailed information is not provided.

How long does it take to withdraw money from VT Markets?

The withdrawal processing time is not specified in the information provided. It’s usually best to contact VT Markets directly for specific withdrawal details.

1 review for VT Markets Review 2024: Is VT Markets Reliable?

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  1. Stacey Thompson

    VT Markets is a big scam broker, I paid a huge amount with nothing in return, They scammed me, into putting my hard earned money with hope to get some profits in return, they won’t allow me to withdrawal my investment. All because all they wanted is to steal my money. I went ahead to seek a refund case against them, to my greatest surprise, they helped me withdraw my money, I contacted (rogermartin860@gmailcom) and his team of experts, they were able to assist me with the withdrawal of my investment, and restore my funds, they are responsive, you can reach out to him for help also,I guess am not the only victim many people might need this information.

    + PROS: How I got my money back
    - CONS: How they tried to steal from me
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    VT Markets Review 2024: Is VT Markets Reliable?
    VT Markets Review 2024: Is VT Markets Reliable?
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