VT Markets Review 2026

VT Markets started in 2015 and describes itself as a multi-asset CFD broker with clients in more than 160 countries. It offers forex, metals, energies, indices, soft commodities, ETFs, share CFDs and bond CFDs on MetaTrader 4, MetaTrader 5, a web platform and its own VT Markets app.

The important detail is which company you actually trade with. VT Markets' own regulatory disclosure says the product supplier and counterparty is VT Markets Limited, licensed in Mauritius by the Financial Services Commission (FSC) as an investment dealer. VT Markets (Pty) Ltd in South Africa is authorised by the FSCA (FSP 50865), but only as an intermediary: VT Markets says this entity is not the market maker or product issuer. A Dubai branch holds a UAE Category 5 licence for introduction and promotion only, and a Cyprus company does not offer regulated services. There is no FCA or CySEC entity on VT Markets' current global site. VT Markets accepts clients from Australia; check which company your account is opened with.

So for traders in Asia, Africa, Latin America and the Middle East, VT Markets is in practice an offshore-regulated broker. That brings the usual trade-offs: high leverage (up to 500:1 by default, more in some countries), low minimum deposits and fast funding, but weaker protection than a top-tier regulator would give you.

On costs it is competitive. The RAW ECN account starts from 0.0 pips plus $6 per lot round turn on forex and gold, which is in line with well-known ECN brokers. The Standard STP account has no commission but wider spreads, from about 1.3 pips on EUR/USD.

The weak points are on the safety side: negative balance protection is applied at VT Markets' discretion and public reviews contain many withdrawal complaints. We rate it below the top-tier-regulated brokers on this site for those reasons.

VT Markets lists five live account options. Not every type is offered in every region, and an existing account cannot be converted to another type; you open an additional account instead.

Standard STP - No commission on forex, gold, silver and oil; the cost is in the spread. VT Markets quotes typical spreads from 1.3 pips on EUR/USD (its account page says from 1.4). Commodities carry $2 per lot round turn. This is the simpler option for beginners and small accounts.

RAW ECN - Spreads from 0.0 pips on EUR/USD plus $6 per standard lot round turn on forex, gold, silver and oil. Indices have no commission, commodities $2 per lot. For anyone trading more than a few lots a month, this is usually the cheaper account.

PRO ECN - A lower-commission tier (from $2 to $4 round turn on forex and gold, $0 on silver and oil), MT5 only. You need either at least 5 closed trades and $500,000 notional volume in a 30-day window, or a balance above $10,000 plus one closed trade. VT Markets says it is limited to select markets, and clients who joined through an introducing broker (IB) are not eligible.

Cent account - Balances in US cents (USC), MT5 only. Useful for testing a strategy or an EA with small real money. Order limits apply (300 to 500 open and pending orders depending on server).

Swap-free (Islamic) - No swap on overnight positions, but an administration fee may be charged instead. VT Markets says swap-free accounts with zero administration fees are only available in certain countries.

Base currencies include USD, EUR, GBP, AUD, CAD, HKD and JPY. Minimum deposit is 50 units of the account currency in general according to the help centre, with the Standard STP and RAW ECN pages stating $100, and some local payment methods allowing as little as $10.

A demo account (MT4 or MT5, up to 100,000 in virtual funds) is available, but MT4 demos are deleted 30 days after registration and MT5 demos after 30 days without a login.

MetaTrader 4 and MetaTrader 5 - The main platforms. Both support Expert Advisors, custom indicators and the usual MetaTrader tools. MT5 is required for Cent and PRO ECN accounts. Acuity's Signal Centre (trade ideas and analysis) is available inside MT4 and MT5.

WebTrader - Browser-based access to MT4 and MT5 accounts with no download. VT Markets says it does not include all the features of the desktop applications.

VT Markets app - The broker's own mobile app for trading, funding, changing leverage, opening demo and copy trading accounts, and following signal providers.

TradingView - Listed among the platforms on VT Markets' homepage. Check availability for your account type and region before relying on it.

VT Markets states that its Standard STP and RAW ECN accounts allow scalping and hedging, and VPS hosting is offered through a promotion for qualifying traders.

There is no cTrader. If you need cTrader or a proprietary charting platform, look elsewhere; if you already use MT4 or MT5, your indicators and EAs will carry over.

You have two mobile options: the VT Markets app, or the standard MetaTrader 4 and MetaTrader 5 apps from MetaQuotes.

The VT Markets app covers account management as well as trading:

• Deposits and withdrawals (under Assets)
• Leverage changes from the Trades settings
• Opening live, demo and copy trading accounts
• Browsing and following copy trading providers

A demo opened in MT4 cannot be used in the VT Markets app; you need to open a separate demo inside the app.

The MetaTrader apps are the better choice if you rely on MT4/MT5 indicators and order handling, since that is what your desktop setup uses. We have not independently tested app performance, so treat marketing claims about speed as claims.

Costs depend mainly on the account type.

RAW ECN (forex and gold):

• EUR/USD: from 0.0 pips plus $6 per lot round turn
• GBP/USD: from 0.6 pips plus $6
• XAU/USD: from 0.0 pips plus $6
• Indices: no commission; commodities $2 per lot

Standard STP (typical spreads quoted by VT Markets):

• EUR/USD: from 1.3 pips (about $13 per standard lot)
• GBP/USD: from 1.8 pips
• AUD/USD: from 1.6 pips
• USD/JPY: from 1.5 pips

These are 'from' figures. Spreads widen around news, at the daily rollover and in thin markets.

Share CFDs: no commission on US share CFDs; 0.1% per side on UK and EU share CFDs; 0.25% per side on Hong Kong share CFDs (minimum HKD 50).

Swaps: charged on positions held overnight. Forex and metals carry a triple swap on Wednesday night; indices, commodities and shares on Friday. Check each symbol's specification in MT4/MT5.

Non-trading fees:

• Deposits: no fee from VT Markets (your bank or intermediary banks may charge)
• International bank wire withdrawal: first one each month free, then $20 per request in the same month
• Skrill withdrawals: 1%; Neteller: 2% (VT Markets says these are charged by the payment providers)
• Inactivity: we found no inactivity fee in VT Markets' help centre. MT4 accounts with no activity for 90 days and a balance of $5 or less are archived, not charged.

Worked example on RAW ECN: one standard lot of EUR/USD at a 0.1 pip spread costs about $1 in spread plus $6 commission, around $7 round trip. On Standard STP at 1.3 pips the same trade costs about $13. Use our spread cost and commission calculators to compare with your own trading volume.

VT Markets offers three ways to follow other traders.

VT Markets copy trading - Built into the VT Markets app and client portal. You open a dedicated copy trading account, browse providers under Discover, and choose a copy mode:

• Equivalent used margin: sizes trades by the provider's margin usage ratio
• Fixed lot: the same lot size on every copied trade
• Fixed multiple: copies the provider's size times a multiplier (riskier if your account is much smaller)

Providers can charge a performance fee, calculated on a high-water-mark basis. As a follower you must end the trading cycle and settle the performance fee before you can withdraw.

Social trading (Vtrade) - A third-party copy service that connects to your standard MT4 or MT5 account.

PAMM - You invest with a money manager who trades a pooled account. VT Markets does not provide a list of managers or advice on choosing one.

VT Markets periodically runs promotions for new copy traders (for example, a limited-time 7-day loss protection paid as trading credit). Read the terms; these are credits, not cash, and are region-dependent.

The usual caution applies. A provider's past returns say little about the next month, and fixed-multiple copying on a small account can lead to a margin call quickly. Spread your capital across providers and set your own risk limits.

VT Markets supports five deposit channels, with the exact options depending on your country:

• Credit/debit card (Visa, Mastercard): usually credited within 60 minutes. 50 to 25,000 EUR (or equivalent) per transaction, up to 30,000 EUR per month. No American Express, prepaid, virtual or company cards.
• E-wallets (Skrill, Neteller and local wallets): usually within 60 minutes.
• Cryptocurrency (for example USDT): usually within 60 minutes. The VT-Wallet supports BTC, ETH, USDT and USDC.
• Local bank transfer: usually within one business day; the minimum is often 10 to 50 USD depending on country.
• International bank wire: 3 to 7 business days. Requires advanced verification first.

VT Markets charges no deposit fee. Third-party payments are not accepted: the name on the card, wallet or bank account must match your VT Markets account.

VT Markets runs deposit bonuses in some regions (its promotions site advertises a 50% welcome bonus and a 20% bonus on later deposits, subject to terms). A credit bonus is not cash, and VT Markets notes that accounts that have taken part in a credit bonus promotion may not be able to switch to higher leverage. Read the terms before you accept one.

Withdrawals are requested in the client portal or the VT Markets app (Funds > Withdraw Funds, or Assets > Withdrawal). VT Markets quotes 1 to 7 working days after approval, depending on the method:

• Local bank transfer: 1 to 3 working days
• E-wallets: 1 to 3 working days
• Cryptocurrency: 1 to 3 working days; withdrawals from the VT-Wallet typically arrive 20 to 30 minutes after approval
• Credit/debit card: 3 to 7 working days
• International bank wire: 3 to 7 working days

Rules to know:

• Card deposits must be returned to the same card first, up to the amount deposited. Other methods unlock after that.
• Withdrawals must go to an account in your own name.
• International wires need advanced verification and a bank statement from the last three months showing your name, account number and SWIFT code.
• Minimum withdrawal is generally 40 units of the account currency (30 for GBP).
• If you follow a copy trading provider, the performance fee must be settled before you can withdraw.

Fees: the first international wire each month is free and later ones cost $20 each; Skrill charges 1% and Neteller 2%. VT-Wallet crypto withdrawals are currently free.

Public reviews are mixed on this point. Many users report same-day withdrawals, but a significant number describe withdrawals held under review or accounts restricted pending checks. Verify your account fully before you deposit, avoid bonus terms you do not understand, and withdraw in a way that matches how you deposited.

Opening a VT Markets account takes a few minutes; verification usually takes from a few minutes up to one business day.

Step 1: Open the registration page
Use the sign-up link on this page or go to vtmarkets.com and click Trade Now.

Step 2: Fill in the form
Choose your country of residence (this decides which VT Markets entity and which payment methods apply), then enter your email address or mobile number and a password. Confirm that you are not a US person.

Step 3: Enter the referral code
The form has an optional Referrer field. You can enter the code VIPBONUS there. The link on this page fills it in for you. VT Markets says a referral cannot be added after registration, so enter it at sign-up if you want it to apply. Any promotions you are eligible for depend on your region and the current terms in the client portal.

Step 4: Verify your email and phone
Confirm both in the client portal.

Step 5: Complete your profile
Personal details, employment and trading experience. Answer accurately.

Step 6: Upload documents

• Proof of identity: a valid passport, national ID or driver's licence, in colour, with both sides where relevant. Screenshots and black-and-white copies are rejected.
• Proof of address: required for advanced verification, which you need for international bank wires.

Step 7: Open a trading account
Pick MT4 or MT5, the account type (Standard STP or RAW ECN for most traders), base currency and leverage.

Step 8: Fund and log in
Deposit from the client portal and log in to MT4, MT5, WebTrader or the VT Markets app with the credentials in your account email.

Common reasons for rejection: name mismatch with your documents, expired or cropped documents, a duplicate registration (only one profile per identity), or residence in a restricted country.

Step 1: Log in to the client portal or the VT Markets app
In the portal go to Funds > Deposit Funds; in the app go to Assets > Deposit.

Step 2: Choose the trading account and amount
Deposit in your account's base currency where possible to avoid conversion costs.

Step 3: Choose a payment method

• Card: enter your card details and complete 3D Secure. If your card does not support 3D Secure, the first deposit is processed manually; contact support with a screenshot.
• E-wallet: you are redirected to Skrill, Neteller or a local wallet to confirm. The amount you request must match the amount you send.
• Crypto: copy the generated wallet address and make sure the network (for example TRC20 or ERC20) matches the one you send from. Sending on the wrong network can mean permanent loss.
• Local bank transfer: follow the on-screen instructions for your country.
• International wire: use the bank details shown, then upload your transfer receipt.

Step 4: Wait for the funds
Cards, e-wallets and crypto: usually within 60 minutes. Local bank: within one business day. International wire: 3 to 7 business days.

If a deposit does not arrive: contact support with your account number, the amount, the method, and a transaction slip or TXID for crypto.

Step 1: Complete verification
Basic verification is needed for most methods; international wires need advanced verification.

Step 2: Close positions if needed
You can only withdraw free funds. If you are a copy trading follower, settle any outstanding performance fee first.

Step 3: Open the withdrawal page
Client portal: Funds > Withdraw Funds. VT Markets app: Assets > Withdrawal.

Step 4: Choose the account, amount and method
If you deposited by card, the first withdrawals go back to that card up to the amount deposited. After that, bank wire, e-wallet and other methods become available.

Step 5: Enter details and submit
For a wire: beneficiary name, account number, SWIFT/BIC and a recent bank statement. For crypto: wallet address and the correct network, plus 2FA.

Step 6: Wait
Local bank, e-wallet and crypto: 1 to 3 working days after approval. Card and international wire: 3 to 7 working days.

Costs to plan around: one free international wire per month, then $20 each; 1% on Skrill and 2% on Neteller. Combining withdrawals into one wire a month avoids most fees.

If it takes longer: contact live chat or info@vtmarkets.com with the withdrawal reference, and keep copies of your requests. If you deal with the South African entity and cannot resolve a complaint, South Africa's FAIS Ombud handles complaints about FSCA-authorised providers.

Execution:
VT Markets describes its Standard STP and RAW ECN accounts as no-dealing-desk, priced from aggregated bank liquidity. Its Mauritius key facts summary also says VT Markets Limited sets the prices and can act as market maker in certain circumstances, and it is the counterparty to your trades.

Leverage:

• Default leverage is 500:1, adjustable, typically between 100:1 and 500:1
• Forex and gold: up to 1000:1; up to 2000:1 in eligible countries
• Oil and indices: up to 500:1; silver fixed at 100:1
• Energies and soft commodities: fixed at 20:1; US share CFDs 20:1 or 33:1
• Leverage cannot be changed while you have open trades

Dynamic leverage: around major news (15 minutes before to 5 minutes after), in the 30 minutes before the daily close, the first 30 minutes on Monday and the 3 hours before the Friday close, maximum leverage is temporarily capped: 200:1 on forex and gold, 50:1 on silver and indices, 20:1 on oil. Margin on new trades rises accordingly. VT Markets publishes the weekly schedule on its website.

Margin call and stop-out: VT Markets' help centre gives a margin call at 50% and a stop-out at 20% on STP and ECN accounts. The Mauritius client agreement describes margin monitoring from 100% and possible close-out at 50%, so check the levels shown for your own account.

Hours: forex trades from the Sunday open to the Friday close; VT Markets also lists a 24/7 gold product and weekend trading on selected instruments.

Instruments: forex, gold and silver, energies, soft commodities, indices, ETFs, US/UK/EU share CFDs, bond CFDs and synthetic indices.

High leverage is available but is not a reason to use it. At 500:1, a 0.2% adverse move can wipe out the margin on a position. Use our margin and position size calculators before you trade.

VT Markets is a brand made up of several companies. Which one you deal with determines your protection.

VT Markets Limited - FSC Mauritius (licence GB23202269)
An investment dealer (full service, excluding underwriting). This is the product supplier and the counterparty for retail clients. Mauritius is an offshore-tier regulator: it licenses and supervises the firm, but leverage is not capped the way it is in the UK, EU or Australia, negative balance protection is not mandatory, and we found no investor compensation scheme covering clients. Its complaint procedure is to contact the account manager or support team.

VT Markets (Pty) Ltd - FSCA South Africa (FSP 50865)
An authorised financial services provider under the FAIS Act. VT Markets states this entity only acts as an intermediary between you and VT Markets Limited and is not the market maker, product issuer or counterparty. FAIS authorisation brings conduct rules and access to the FAIS Ombud for complaints about the intermediary, but your trades and funds sit with the Mauritius company.

VT Markets (Pty) Ltd - Dubai Branch - UAE Capital Markets Authority (licence 20200000299)
A Category 5 licence for introduction and promotion only. VT Markets states it is not authorised to provide brokerage services or execute trades.

VTMarkets Ltd - Cyprus
Incorporated in Cyprus; VT Markets states it does not offer regulated financial products or trading services. It is not a CySEC licence.

What is missing: there is no FCA, CySEC or ASIC-licensed entity on VT Markets' current global site. Some reviews cite an Australian licence; VT Markets' current global site does not name an Australian company, so check which entity your account documents name before you deposit.

How to check: search FSP 50865 on the FSCA's FSP search and VT Markets Limited on the FSC Mauritius register of licensees. Your client agreement and account documents name the entity you are contracted with.

The bottom line: VT Markets is licensed, but at the offshore level. It is not in the same protection category as FCA, ASIC or CySEC brokers.

This is where VT Markets is weaker than the top-tier brokers on calc.forex.

What protects you:

• VT Markets Limited is licensed by the FSC Mauritius as an investment dealer (licence GB23202269)
• VT Markets (Pty) Ltd is an FSCA-authorised financial services provider (FSP 50865), acting as intermediary
• Client money is paid into segregated bank accounts, according to the client agreement and help centre
• A stop-out at 20% margin level limits how far an account can fall in normal markets

What does not:

• No investor compensation scheme applies to the Mauritius entity, as far as we could find. If the broker failed, there is no fund like the UK FSCS or the EU ICF to fall back on.
• Negative balance protection is discretionary. The client agreement says that if a market gap leaves you negative, you should contact support and VT Markets 'may' credit the amount, for private clients only, with exclusions for abnormal market conditions and suspected abuse. The key facts summary says you are required to fund a negative balance back to zero.
• The client agreement itself states that segregation does not fully protect client money from loss.
• VT Markets Limited is the counterparty to your trades. Its key facts summary says it can act as a market maker in some circumstances.

Public reviews: At the time of checking, Trustpilot did not show a rating for VT Markets and displayed a notice that the rating is unavailable due to a breach of its guidelines. Of roughly 2,900 reviews, about 30% were one-star, with recurring complaints about withdrawals held under review, extra verification requests and accounts frozen after profits. Many users also report smooth withdrawals. Trustpilot does not verify reviews, so treat this as a pattern to be aware of, not proof.

The practical advice: keep only trading capital at VT Markets, withdraw profits regularly, complete full verification early, and keep records of every deposit and withdrawal.