Decoding the legal information about this Forex broker was similar to untangling a Gordian knot. There’s a whole slew of different parent companies and branch entities that makes researching the regulatory information and jurisdictions a real handful.
Take great care when dealing with this company, because for each license they have, a separate regulatory body has issued some kind of an investor warning. Read more in our VT Markets review, and stay safe when investing!
In addition, we recommend reading our reviews about brokers AdroFX, Seven Capitals, and SmartFX.
| Regulated by: | ASIC, FSCA, MU FSC, VFSC |
| Is This Company Safe? | Large number of regulatory warnings show that the company is unsafe. |
| Known Websites: | vtmarkets.comvantagemarkets.comvantagefx.com (old domain) |
| Have Warnings from: | FCA, CNMV, AMF, AFM, FSMA, DFSA, CONSOB, IOSCO |
| Registered in: | Australia, South Africa, Mauritius, Vanuatu |
| Operating since: | 2015 |
| Trading Platforms: | MT4 / MT5 |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | $100 |
| Deposit Bonus: | 50% |
| Trading Assets: | Forex,Shares, Commodities, Bonds, Indices, ETFs |
| Free Demo Account: | Yes |
| How to Withdraw from This Company? | If you’re having trouble withdrawing from this firm, contact your regional financial regulators, or reach out to our legal team for help. |
Two Faces Of a Regulated Firm
Since we’re dealing with multiple separate entities, each operating a different online domain, get ready for some confusion and headaches.
We need to start somewhere, so let’s begin with vtmarkets.com . This site is owned and operated by VT Markets, an umbrella entity registered under the following names:
- VT Global Pty Ltd – ASIC License
- VT Markets (Pty) Ltd – FSCA License
- VT Mauritius – MU FSC License
Now, let’s examine the license information provided by the vantagemarkets.com domain (old site: vantagefx.com ):
- Vantage Global Prime Pty Ltd – ASIC License
- Vantage Markets (Pty) Ltd – FSCA License
- Vantage Global Limited – VFSC License
From this, we can see that the group has overlapping entities in a number of jurisdictions. Whatever the reason for this is not made clear on either website.
It’s important to mention that the customer support agents from either of these sites deny any affiliation between the two entities, most likely in an attempt to avoid any backlash when another regulatory warning inevitably pops up.
More Than a Few Stains on the Record
Unfortunately, all these licenses don’t seem to vouch for the VT Markets broker quality of service. If you go about looking for warnings, you’re more likely to find them than not.
Many European regulatory agencies have blacklisted both the vantagemarkets.com and vtmarkets.com domains. It’ll be best if we split these two again in order to avoid further confusion in this already tangled mess of data.
- VT Markets warnings: FCA, CNMV, AMF, AFM, FSMA, IOSCO
- Vantage Markets warnings: DFSA, FSMA, CONSOB, CNMV, IOSCO
VT Markets – Trader Feedback on Brokerage Firm
With an average rating of 3.1 on Trustpilot, this broker is not one of the most attractive ones. Unfortunately, almost 35% of the comments are with the lowest rating. What is the most common reason for that is withdrawal issues. We hope that you won’t need to learn it hard way how to stay away from trouble.
VT Markets Offers MetaTrader 4 and MetaTrader 5
With VT Markets trading company traders can choose between two options. Those are Meta Trader and VT Markets app. Having a Meta Trader is always positive. This software has all the necessary advanced features. From social and copy trading to advanced indicators and charting options.
VT Markets App
VT Markets app is a proprietary trading app. It is available for Android and iOS devices. But like any other proprietary platform, it is not comparable with Meta Trader. The problem is that through this app, they provide you with a 50% welcome bonus on your first deposit. These are strictly banned all across Europe and with many EU and other world regulators.
VT Markets’s Trading Assets and Instruments
VT Markets broker has a wide range of instruments. They advertise access to more than 1000 assets divided into different groups. Those are:
- Forex – AUD/NZD, GBP/JPY
- Commodities – natural gas, cotton
- Indices – AU 200, BE20
- Shares – Walt Disney, Bank of America
- Bonds – UK Long gilt, Euribor
- ETFs – EEM, FDN
As shown above, there are no cryptocurrencies available. One of the most volatile and attractive assets these days.
VT Markets Countries Of Service
We can see from VT Markets reviews that they are targeting specific countries. Some of the countries where they offer services are:
- France
- United Kingdom
- Vietnam
- Thailand
- Malaysia
Before investing with this or any other broker check domestic jurisdiction first. In fact, they can give you adequate information should you trust the broker or not.
Which Types Of Accounts Do VT Markets Offer?
VT Markets trading company provides only 2 account types. Generally speaking, they mainly differ in spreads. Those are:
- Standard STP
- RAW ECN
With the minimum requirement of $100, you can play with those. But don’t throw money away when you see other traders going through that.
Can a Trader Use a Demo Account?
On the positive side, traders can open a demo account first. In general, MT4 and MT5 platform has these options and it’s good to test trading conditions. Whether you are a pro or a beginner, this can give you a bigger picture of what to expect. But have in mind that a trusted platform doesn’t make a broker reliable as well.
Standard STP Account
A standard STP account starts with a $100 minimum deposit. Traders get spreads from 1.2 pips and 0% commission for trading. The questionable part is a welcoming bonus. Above all, the main problem is that spreads are mostly higher than 1.2 pips.
RAW ECN Account
This account type will cost you more in terms of commission. Yet, for every trade open you have a $6 commission. On the positive side, spreads start from 0 pips. Thus, that doesn’t mean it’s going to be 0 pips.
VT Markets Promotions
Besides welcoming bonuses, VT Markets broker advertises referral programs. Traders get additional bonuses for bringing more people. Above all, they advertise their loyalty club. As a member, a trader gets certain trading benefits. Based on VT Markets reviews we can see that they don’t meet even basic conditions.
Terms of Service for VT Markets
This broker accepts a variety of funding methods. From bank cards, wire transfers, e-payments and cryptocurrencies. In general, the main potential issue with this broker comes with withdrawals. Because all these nice bonuses are good options to lock your funds.
Leverage, Spreads, and Fees
After all, leverage of up to 1:500 is way above the EU regulations limit of 1:30. Spreads start from 0 pips, but it’s better to try it first on micro-accounts. Unfortunately, VT Markets doesn’t have it. The broker claims not to have any withdrawal or deposit fees. Decide for yourself if you will trust that.
What Should I Do If I Have VT Markets Problem?
Firstly, share your story with us. Let us know what happened. Secondly, you should withdraw all the funds or start the recovery process if you have issues with that. If their regulator can’t solve your issue or give you compensation, get back to us. Our fund recovery team can assist you with the chargeback process. Book your free consultation now!
FAQ
What Are VT Markets?
VT Markets is a trading company offering CFD and Forex services through different entities worldwide.
Is VT Markets a Regulated Broker?
Yes. In various jurisdictions like CIMA, ASIC, and FCA. But there are warnings as well.
Is VT Markets Available in the United States or the UK?
VT Markets is prohibited in the US. But UK clients can use their trading services.
Does VT Markets Offer a Demo Account?
Yes. Before investing any funds, traders can test their trading platform with virtual funds.