VT Markets Review 2022: Is VT Markets Legit?
Not long ago, traders had to enter the FX and CFDs markets through forex brokers, who would then execute a trade only after matching the preferences of both buyers and sellers. Now, with online broking coming into the limelight, they no longer need to wait for forex brokers. They can access the Forex market via online brokers like VT Markets, which enables traders to have much more control over their trades.
VT Markets offers a secure trading platform, as well as great trading conditions and payment options that help clients have the smoothest experience when trading online. In this VT Markets review, you will find below an overview of the broker, its story, and achievements, all based on specific parameters to help traders and brokers.
VT Markets Overview
|Regulated||ASIC (Australian Securities and Investment Commission), CIMA (Cayman Islands Monetary Authority)|
|Product offered||US CFD Shares, HK CFD Shares, Forex, Indices, Soft Commodities, Precious Metals, Energy|
|Minimum Initial Deposit||$200|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Withdrawal fee||No (can be charged by banks or any intermediaries involved)|
|Supported currencies||AUD, USD, GBP, EUR, CAD, BTC, USDT|
|Customer Support||24/7 via Live Chat, Email, & Help Centre Support|
What Is VT Markets?
VT Markets is a leading Australia-based CFD (Contract for Difference) and Forex broker established in 2016. It is a well-regulated platform and a subsidiary of Vantage Global Prime Pty Ltd, which increases its credibility. Vantage Group Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC), one of the Apex regulatory bodies. VT Markets is also authorized by CIMA (Cayman Islands Monetary Authority) and licensed by SIBL (Securities Investment Business Law).
The broker offers its retail clients superior CFD and Forex trading experience through a perfect blend of ECN and STP account types and raw spreads.
VT Markets User Experience
According to the VT Markets review, the platform provides all-around Forex and CFD trading experience to clients worldwide. The broker offers transparent market access to over 230 financial markets, including Forex, Energy, Indices, Precious Metals, Soft Commodities, Cryptos, HK Shares, and US shares through popular MT4 and MT5 trading platforms for both Web and PC.
Clients can open either of the two primary accounts, Standard STP Account or Raw ECN. STP accounts are commission-free with slightly higher spreads, and Raw ECN Account imposes commission (VT Markets brokerage) but has lower spreads.
Some Exciting Features Of VT Markets
Some of the essential features available for Forex brokers on the VT Markets platform are:-
Responsive Customer Support
VT Markets has a fully secure client portal (VT Markets website) that Forex brokers can access anytime. The platform offers an impressive customer support team available 24/7 via a dedicated email id. A live chat option is also available for traders whenever they face any issues while trading complex instruments like CFDs or Forex in the financial markets.
Reliable Trading Conditions
VT Markets offers excellent trading conditions and allows traders to create ECN accounts or Standard STP accounts to reap the maximum benefits of low spreads. The ECN accounts start at 0.0 pips, while the lowest spreads for Standard STP accounts at 1.2 pips. Traders are given a choice to open a Raw ECN account or an STP account with zero deposits.
They compile the highest bid and offer rates from extensive liquidity pools in the core FX market as a trustworthy STP/ECN CFD broker. VT Markets has a long list of top liquidity providers, including Morgan Stanley, J.P. Morgan, Citibank, Goldman Sachs, etc.
Negative Balance Protection
VT Markets offers negative balance protection to its clients. As soon as any client’s trading account balance falls below zero, the best forex broker automatically brings the balance back to zero to prevent clients from losing more than they have on their account.
Regulated by Multiple Authorities
The best part of trading CFDs, Forex, or Indices via VT Markets is that they offer legit, adequately regulated platforms. The trading platform holds regulations under apex authorities like the Cayman Islands Monetary Authority CIMA and Australian Securities and Investments Commission ASIC.
Awards and Recognitions
As a leading Forex broker, VT Markets has achieved many certificates of excellence for conducting business from various authorities. Some popular awards granted to the platform are Best Customer Support Europe 2021, Best Emerging Fintech Forex Broker Australia 2019, Fastest Growing Broker Australia 2019, etc.
VT Markets has a vast client base spread worldwide, and the broker covers almost all the countries in the world except North Korea and the US. This helps traders trade CFDs in all the available markets.
Wide Range of Trading Instruments
Traders can access a wide range of trading instruments at VT Markets, including Forex, indices, energy, precious metals, and soft commodities, all in CFDs.
Regular Contests and Promotions
VT Markets offers exclusive promotional offers for both new and regular clients. The offers include:-
– A 50% welcome bonus for new traders when they open an account.
– A 20% deposit bonus when they fund their account with more than $1000.
– A $200 referral bonus for those who refer a client by using a personal link.
Protection of Client’s Funds
VT Markets ensures the protection of their client’s funds. They are held in a segregated account with Australia’s AA rated Commonwealth Bank of Australia (CBA). CBA is the largest financial institution in the country, with a market capitalization of $120 billion and over 16 million customers, and it is constantly ranked in the top 20 list of safest banks in the world. VT Markets also has Professional Indemnity Insurance in place, which covers the work done by representatives, employees, and other authorized representatives that imparts effective education.
VT Markets provides proper training to its traders to help them fully understand the trading tactics and develop the best investment solutions. There is a separate Help Centre section on its website where traders can find tutorials and other information related to essential topics like account creation, deposits, withdrawals, mobile apps, partnerships and promotions, and investment objectives (like where and when to invest money), etc.
Useful Trading Tools
VT Markets allows its traders to get updates on product adjustments, server updates, and weekly swaps through an extensive list of trading consoles available on its platform. The innovative…
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