VT Markets

VT Markets Review: Is VT Markets any good?

Broker overview and general information

VT Markets was established in 2015 and is an Australian broker headquartered in Sydney. It is a subsidiary of Vantage International Group Limited (VIG) and has almost 10 years of experience and expertise in the global financial markets. By offering a wide range of CFDs on an international level and a low cost trading environment, this broker has become well-known and popular among both beginner and experienced traders. The broker's website currently supports 24 languages worldwide, including Thai.

Licenses that brokers have obtained

If you ask whether VT Markets is good or not, you have to start by considering the license factor first, which has the following licenses:

• Australian Securities and Investments Commission (ASIC) License No. AFS 516246 under VT Global Pty ltd.

• South Africa's Financial Sector Conduct Authority (FSCA), License No. FSCA 50865, under VT MARKETS (PTY) LTD.

• Mauritius' Financial Services Commission (FSC) License No. GB23202269 under VT MARKETS LIMITED.

Products and services from brokers

Trading products

• Forex

• Indices

• Energy

• Metals

• Commodities

• Stock CFDs

Trading Platform

• MetaTrader 4 (MT4)

• MetaTrader 5 (MT5)

• VT Markets App

• Web Trader

• Web Trader+

Broker Account Types

The broker offers 3 account types to choose from: Standard STP, RAW ECN and Cent Account, with the following details:

Standard STP Account

• Spread starts at: 1.2 pips

• Commission: None

• Leverage: 1:500

• Minimum deposit: $100

RAW ECN Account

• Spread starts from: 0.0 pips

• Commission: $6 (per round)

• Leverage: 1:500

• Minimum deposit: $100

Cent Account

For Cent Account types, it is divided into 2 types: CENT ECN and CENT STP accounts, with details as follows:

CENT ECN Account

• Spread starts from: 0.0 pips

• Commission: $6 (per round)

• Leverage: 1:500

• Swap Free: Yes

• Minimum deposit: $50

CENT STP Account

• Spread starts at: 1.1 pips

• Commission: None

• Leverage: 1:500

• Swap Free: Yes

• Minimum deposit: $50

Deposit and Withdrawal

Supported deposit and withdrawal channels

• Local bank transfer

• Credit/Debit Card

• E-wallets

• Cryptocurrency

Pros and Cons of VT Markets

Pros :

• There are many account types to choose from for trading.

• Low spreads on some account types

• Support deposits and withdrawals via Thai banks

Cons :

• High commissions for some account types

• Leverage is quite low, with the maximum being only 1:500.

• Lack of transparency in explaining information on fees and various operating costs

• High minimum deposit compared to other brokers

• Withdrawal Delays

Office location and contact channels

Office location:

• Level 35, 31 Market street Sydney, Sydney NSW 2000

Contact channels:

• Telephone number: +61 02 9054 9999

• Email: [email protected]

• website:https://www.vtmarkets.com/th/ 

Broker Overview Summary

VT Markets is a broker founded in 2015, headquartered in Sydney, Australia. It offers a wide range of CFDs. There are many things that make it convenient for traders, such as a variety of account types to choose from, supporting deposits and withdrawals via Thai banks.

However, there are additional considerations as there are reports from many users reporting withdrawals taking 1-7 days, being charged withdrawal fees without explanation, and in some cases being charged as much as 2%. Traders should consider these details carefully.

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