VT Markets Review – Are two regulations enough for you?

VT Markets broker is one of the leaders on Australian soil. But also worldwide. However, with such a growing industry there are some important facts to acknowledge. Primarily, regulation and safety of the funds. Secondly, customer experiences are quite important nowadays. Even if the broker is regulated you will find always someone that is not satisfied.  

Luckily, with regulated brokers, these situations are minimized. In the end that’s what licensing serves for. To protect traders and assist them along the way. Thus, to determine if this broker is worth checking read our pros and cons in this VT Markets review.

Is VT Markets Safe? Security and Regulation

VT Markets is a brand name that works under the ownership of different entities. Primarily, VT Markets is registered in Australia as VT Global PTY. This entity has a fully legitimate trading license issued by the ASIC (Australian Securities and Investments Commission). This grants certain fund protection measures and client safety. One of the key points is negative balance protection.

But also segregated bank accounts for clients’ deposits. In fact, not any bank but Tier 1 Commonwealth Bank of Australia (CBA). Other entities using this trading company name are registered offshore. VT Markets PTY Ltd is registered with FSCA (South Africa). Moreover, there is VT Markets LLC registered in St. Vincent and Grenadines. It’s important to realize that SVG doesn’t have a regulator for FX and CFD trading.

With all this in mind, you know that in the worst-case scenario, you have somewhere to file a complaint. That’s why many traders choose this broker over some offshore unregulated. There are numerous brokers registered across the world. Some of also regulated brokers are Blackwell Global and InstaForex.

VT Markets Leverage

One of the most important factors in trading is leverage. Some traders find high leverage attractive while others don’t. The main reason for that is that many traders lost money due to high leverage. Luckily, with VT Markets traders have negative balance protection. Therefore, they can’t get into debt. Moreover, it’s always suggested to risk what you can afford to lose.

Even though VT Markets broker provides leverage of 1:500, this is nothing strange. Although, in Europe, it is limited to only 1:30. The difference comes through regulations that the broker offers. It’s important to know which entity is responsible for your trading account. But if you take time first to trade with a demo account, you will realize if such leverage suits your trading style or not.

VT Markets Accounts Types Available

Account types are mainly focusing on providing benefits in exchange for higher deposits. This is a standard investment strategy. With regulated brokers that’s logical because companies are making money through spreads and leverage. Of course, more buying power means higher commission. On the other hand, some shady companies use that as an advantage. But traders don’t get anything in exchange.

That’s why it’s important to choose a regulated broker that is completely transparent. Therefore, account types available with VT Markets broker ar

• Standard STP
• Raw ECN
• Swap-free

The main advantage of a Raw ECN account is the execution and lower spread. However, the commission goes at $6 for round-turn trade. In general, you can switch between accounts if you are not satisfied with some conditions. Also, the swap-free account is suitable for Islamic believers that comply with Sharia law.

Trading Instruments at VT Markets

VT Markets trading company has quite a solid range of tradeable assets. If you check any VT Markets reviews you will find only positive experiences about it. Even though the broker doesn’t offer cryptos they are still very competitive. Their instruments are divided into 6 major classes

• Currency pairs (Forex)           AUD/SGD, EUR/HUF, CZK/USD
• Commodities                        natural gas, crude oil, palladium
• Indices                                  DAX 30, Nikkei 225, S&P 500
• Shares                                  Bank of America, Pfizer, Goldman Sachs
• ETFs                                 BND, BNDX, DBA
• Bonds                                  FGBS, FEI, TY

Every asset class has its trading conditions. Therefore, don’t be impatient and take your time to go through the details before putting money in. As shown above, the broker doesn’t have crypto assets. Which is positive considering their leverage of 1:500.

However, the broker accepts crypto transfers as a regular funding method. This wouldn’t be the primary funding choice for many experienced traders. Primarily due to the hard traceability of crypto transfers and their anonymity. Generally speaking, non-regarding the license, it’s better to use a debit or credit card for deposits. The main reason behind that is the availability of the chargeback. In case anything goes wrong.

Trading Platforms Overview

For many traders, trading software is a key point in choosing a broker. If the software can’t provide some advanced features and fast executions, traders have a huge disadvantage. That’s why third-party software became very popular in trading world. That’s why you will see many licensed brokers using Meta Trader or cTrader.

On the positive side, VT Markets trading company has both versions of Meta Trader software. It gives traders a chance to use social and copy trading. But even more importantly automated signals through other sources. Additionally, this software is available for multiple devices. From Mac and Microsoft to iOS and Android.

Also, the broker advertises free analysis tools. This is a huge benefit, especially for day traders. In combination with funds protection measures, this company is a good choice for starters. Besides MT4 and MT5, traders can use Trading Central and Acceage. Those are features that allow you to follow market signals and implement them lightning-fast.

Deposits and Withdrawals Process

As for the payment methods, you can choose a variety of options. Some of those are less favorable for first-time deposits. In the end, it’s important that traders have the freedom to choose.  Nobody gets pressured into anything. Which is a huge benefit of regulated brokers. Anyway, payment options available are

• Debit/Credit cards – Visa, Master Card
• Bank transfers
• Apple/Google Pay
• e-payment options – Skrill, Neteller, UnionPay, AliPay, FasaPay
• Crypto payments – Tether, Bitcoin

If the trader experience unexpected fees, the broker might cover it. But not the ones coming from the bank or payment provider. Deposit processing time is not clarified, but it’s stated in the policy that they might not reflect immediately.

As for the withdrawal policy, the broker complies with AML and CTF rules and regulations. Therefore, you can only request a withdrawal with the same method used for a deposit. Also, the withdrawal processing time is 1 business day. But to receive funds it could take up to 7 business days. Luckily, VT Markets reviews discover that traders get their funds indeed.

Education and Resources

An important part of the trading world is education. Many traders have lost money due to a lack of knowledge. Not because someone told them to do something. That’s why licensed brokers tend to provide proper education and support resources. For example, VT markets have in-depth market terminology explained. Also, some fundamentals of trading are explained in detail.

Above all, the company has created a full guide for the usage of its software. For instance, MT4 and Trading Central. Therefore, all beginners have everything they need for a boosted start. With a demo account availability, this becomes even better. But for the ones insecure about their trading skills there is social and copy trading available.

Customer Support

On the positive side, this broker is reachable through online chat. As the broker claims, they have 24/7 support. However, some other resources claim that this broker offers customer support only 5 days a week. But we have seen many brokers that cover different parts of the world working almost 24/7. So, it wouldn’t be a surprise for this one either.

Besides online chat, you can get to the broker via e-mail. Or directly in the office if you are in St. Vincent and Grenadines or Taiwan. On the negative side, VT Markets doesn’t have a phone number. But some socials can be used for contacting purposes.

As we can see from VT Markets reviews, the broker operates worldwide. But mainly in countries like Venezuela, Thailand, Spain and Vietnam. Therefore, it’s not surprising that this broker has customer support available in 12 languages.

VT Markets Overall Summary

• VT Markets broker has ownership with a trusted Tier 1 license.
• The company has reliable trading software.
• Broker operates since 2015 without any regulation warnings.
• Very low minimum deposit requirement.
• A demo account is available.
• Advanced trading options like EAs, social trading and PAMM accounts.
• A broker doesn’t have a transparent phone line number.
• Reliable custodian CBA bank.

FAQs About VT Markets Broker