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Do you want to know which is the better broker between FinMarket and VT Markets ?
In the table below, you can compare the features of FinMarket , VT Markets side by side to determine the best fit for your needs.
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EURUSD:-0.3
EURUSD:-1.6
EURUSD:16.7
XAUUSD:29.18
EURUSD: -5.77 ~ 2.29
XAUUSD: -30.86 ~ 21.86
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of finmarket, vt-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Aspect | Information |
Registered Country/Area | Cyprus |
Founded Year | 2015 |
Company Name | FinMarket |
Regulation | Unregulated (Suspicious Clone) |
Minimum Deposit | $250 (Mini Account) |
Maximum Leverage | Up to 1:500 |
Spreads | High spreads on Mini accounts |
Trading Platforms | MetaTrader 4 (MT4), WebTrader, In-House Mobile Platform |
Tradable Assets | Forex currency pairs, major indices, commodities, individual stocks, cryptocurrencies |
Account Types | Mini Account, Standard Account, VIP Account, Premium Account |
Demo Account | Available |
Islamic Account | Available |
Customer Support | Limited availability and slow response times |
Payment Methods | Credit transfer, wire transfer, Ecommpay |
Educational Tools | Information not provided |
FinMarket is an unregulated Forex and CFD broker based in Cyprus, established in 2015. Despite claiming to be regulated by CySEC, the lack of proper regulation raises concerns about the safety of traders' funds and the transparency of their operations. Unfortunately, the website is currently down, which adds further doubts about the broker's legitimacy. The high spreads and commissions, along with the relatively high minimum initial deposit of $1000, make it an unattractive option for traders, especially beginners. Moreover, the limited account manager availability and the absence of an FAQ section demonstrate a lack of commitment to customer support. Overall, due to the unregulated status and the website's unavailability, FinMarket should be approached with extreme caution.
Suspicious Clone.
A “Suspicious Clone” in the context of financial services refers to an entity that mimics or imitates the appearance and branding of a legitimate and regulated company, often with the intent to deceive and defraud unsuspecting individuals. These clones use similar names, websites, and other identifying features to create the illusion of being a reputable and regulated entity, while in reality, they are operating without proper authorization and oversight.
In the case of FinMarket being labeled as a “Suspicious Clone,” it suggests that the broker claims to be regulated by CySEC but lacks the necessary authorization and compliance. Such suspicious clones can pose significant risks to investors and traders, as they may engage in fraudulent activities, mismanage funds, and potentially disappear without a trace. Traders should exercise extreme caution when dealing with suspicious clones and always conduct thorough research and due diligence before entrusting their funds to any financial service provider.
FinMarket offers a diverse array of market instruments, catering to traders' interests and allowing them to diversify their portfolios across different asset classes. The following table summarizes the market instruments along with some examples:
Market Instrument | Number of Assets | Examples |
Forex Currency Pairs | 30+ | EUR/USD, EUR/GBP, AUD/JPY, etc. |
Major Indices | Various | FTSE, S&P 500, NASDAQ, etc. |
Commodities | Various | Silver, Crude Oil, Gold, Coffee, etc. |
Individual Stocks | 160+ | Amazon, Netflix, Apple, etc. |
Cryptocurrencies | Various | Bitcoin, Ethereum, etc. |
Forex Currency Pairs:
FinMarket provides access to more than 30 forex currency pairs, including major pairs like EUR/USD, EUR/GBP, and AUD/JPY. These major pairs offer high liquidity and are widely traded in the global forex market.
Major Indices:
Traders can participate in the performance of major stock market indices, such as FTSE, S&P 500, and NASDAQ. These indices represent the overall performance of specific stock markets and sectors.
Commodities:
FinMarket offers various commodities for trading, including precious metals like Silver and Gold, energy resources like Crude Oil, and agricultural products like Coffee. Commodity trading allows traders to diversify their investment strategies.
Individual Stocks:
With over 160 individual stocks available as CFDs, traders can speculate on the price movements of well-known market holders like Amazon, Netflix, and Apple. This allows investors to gain exposure to individual companies without owning the underlying shares.
Cryptocurrencies:
For those interested in the cryptocurrency market, FinMarket offers access to various digital assets like Bitcoin, Ethereum, and more. Cryptocurrency trading allows traders to capitalize on the price movements of these digital currencies.
Despite offering a diverse array of market instruments, FinMarket's lack of proper regulation raises concerns about the safety and legitimacy of its offerings. Traders should exercise extreme caution when considering this broker due to the absence of regulatory oversight, which may expose investors to potential risks and fraudulent activities. Additionally, the website being down further adds to the suspicion surrounding the broker. While the range of assets offered, including forex currency pairs, major indices, commodities, individual stocks, and cryptocurrencies, might seem attractive, the overall lack of regulation casts doubt on the broker's credibility and reliability. It is essential for traders to conduct thorough research and choose regulated brokers to safeguard their investments and trading experience.
FinMarket offers a range of trading accounts, but be warned, their account types may not be as attractive as they seem. Let's take a closer look at each account with a critical eye:
Mini Account:
Minimum Deposit: $250
Features: This account type may seem affordable, but don't be fooled. The demo account for practicing strategies is nothing special, and the 40% margin is quite restrictive. With only 24 Forex currency pairs and 10 commodities and indices for trading, you won't have a wide range of options. The leverage up to 1:500 might sound impressive, but it could lead to significant losses for inexperienced traders.
Standard Account:
Minimum Deposit: $1,000
Features: The demo account is available, but the 26 Forex currency pairs and 10 commodities and indices offered for trading are nothing extraordinary. The daily market news and SMS alerts may sound appealing, but they hardly compensate for the lack of variety in trading options. The dedicated account manager might not be as dedicated as you expect, and the Islamic account option is just a small gesture to attract a specific group of traders.
VIP Account:
Minimum Deposit: $10,000
Features: The high minimum deposit might make you think you're getting premium treatment, but don't be fooled. The additional features offered, such as 28 Forex currency pairs and a full range of commodities and indices, may not justify the steep price. Direct access to a trading manager might not be as beneficial as they claim, and the 30% margin is quite restrictive for experienced traders.
Premium Account:
Minimum Deposit: $100,000
Features: The hefty minimum deposit requirement might make you believe you're entering an exclusive club, but the reality might disappoint you. The in-depth analyst tips they promise are just a way to add some fluff to the account. The 25% margin is not as competitive as you'd expect, and the so-called deep liquidity might not be as deep as you hope.
Account Type | Minimum Deposit | Features |
Mini Account | $250 | - Demo account for practicing strategies<br> - 40% margin<br> - Trading options include 24 Forex currency pairs and 10 commodities and indices<br> - Leverage up to 1:500 |
Standard Account | $1,000 | - Demo account available<br> - Trading options include 26 Forex currency pairs and 10 commodities and indices<br> - Daily market news and SMS alerts<br> - Dedicated account manager<br> - Islamic account option |
VIP Account | $10,000 | - 28 Forex currency pairs and a full range of commodities and indices for trading<br> - Direct access to a trading manager<br> - 30% margin |
Premium Account | $100,000 | - In-depth analyst tips<br> - 25% margin<br> - Claims of deep liquidity |
In summary, FinMarket's account types might appear enticing at first glance, but upon closer inspection, they fail to deliver on their promises. The high minimum deposits, limited trading options, and questionable additional features make these accounts less appealing than they initially seem.
FinMarket boasts about offering “up to 1:500” leverage on their trading accounts. However, before you get too excited, let's take a closer look at the reality behind this high leverage claim.
While a leverage of 1:500 might seem like an attractive prospect, it comes with significant risks and drawbacks. High leverage can amplify both your potential profits and your potential losses. This means that even a small adverse price movement could wipe out a significant portion of your trading capital.
Inexperienced traders often get lured in by the promise of high leverage, thinking they can make huge profits with a small initial deposit. However, they fail to realize that it also exposes them to substantial risks.
Moreover, it's worth noting that regulatory authorities, like CySEC, which oversees FinMarket, have been tightening their rules regarding leverage. High leverage has been associated with increased client losses and is considered risky for retail traders. Many regulatory bodies now impose leverage caps to protect traders from excessive risk-taking.
So, while FinMarket might advertise high leverage as a way to attract traders, it's crucial to approach it with caution. Trading with such high leverage can be a recipe for disaster, especially for inexperienced traders who might not fully comprehend the risks involved.
In conclusion, the maximum trading leverage offered by FinMarket might sound appealing, but it's essential to remember that high leverage comes with substantial risks. It's crucial for traders to exercise caution and employ proper risk management strategies to protect their capital when trading with such high leverage.
Spreads and commissions at FinMarket vary depending on the type of trading account. However, upon closer examination, it becomes evident that the broker's offerings are less competitive than they claim to be.
Spreads:
FinMarket advertises “tight spreads” on their website, but in reality, the spreads they offer are quite high, especially on their Mini accounts. For the benchmark EUR/USD currency pair, the average spread exceeds 3.7 pips on Mini accounts. Such high spreads can significantly impact a trader's potential profits, making it challenging to trade cost-effectively.
Commissions:
In addition to spreads, FinMarket charges commissions on trades, further increasing the overall cost of trading. The commission rates vary depending on the type of account. For Mini accounts, the commission fee is $15.00 per trade.
Comparison to Competitors:
Compared to other reputable brokers in the market, FinMarket's trading costs are less favorable. Many competitors offer much lower spreads, often within the range of 1.0 to 1.5 pips for the EUR/USD pair, without charging additional commission fees.
Impact on Traders:
The high spreads and commission fees at FinMarket can hinder a trader's ability to profit consistently, particularly for those with smaller trading accounts. These unfavorable trading conditions may lead to significant losses and can discourage traders from achieving their financial goals.
In conclusion, despite claiming to provide tight spreads and varying commissions, FinMarket's trading conditions fall short compared to many other brokers in the industry. Traders seeking cost-effective and competitive trading experiences may find better options with brokers offering lower spreads and commission fees.
Deposit and withdrawal processes at FinMarket seem to be relatively straightforward, offering various methods for funding accounts and accessing funds. However, there are some considerations to keep in mind.
Deposit Options:
FinMarket provides several options for depositing funds into trading accounts. Traders can choose to deposit through credit transfer, wire transfer, or the electronic payment method Ecommpay. These options offer flexibility, allowing clients to select the most suitable method based on their preferences and location.
Minimum Deposit Requirements:
The broker does not impose any specific minimum deposit requirements. However, it's important to note that individual payment channels may have their own minimum deposit limits. Traders should verify the minimum deposit amount with their chosen payment method before initiating the transaction.
Withdrawal Process:
FinMarket generally processes withdrawals through the same method used for depositing funds. This is a standard practice among many brokers and helps ensure the security of transactions. Traders should be aware that withdrawal requests may take some time to process, depending on the payment method and the broker's internal procedures.
Fund Security:
FinMarket emphasizes the security of customer funds. The broker operates under the regulation of the Cyprus Securities Exchange Commission (CySEC), which requires adherence to strict guidelines for the protection of client funds. Furthermore, the use of SSL encryption ensures the safe transmission of personal and financial information during transactions.
Additional Considerations:
While the deposit and withdrawal processes themselves appear to be straightforward, traders should also consider the overall cost associated with funding their accounts and accessing their funds. This includes any fees charged by payment providers and potential currency conversion charges, especially for international clients.
In conclusion, FinMarket offers various deposit options and follows standard practices for processing withdrawals. However, traders should be aware of any minimum deposit requirements imposed by payment channels and carefully consider any associated costs to make informed decisions about funding their trading accounts and accessing their funds.
FinMarket provides its clients with multiple trading platforms, ensuring a diverse range of options to suit individual preferences and trading styles. The broker offers the following trading platforms:
MetaTrader 4 (MT4) Platform:
MetaTrader 4 is one of the most popular and widely used trading platforms in the industry. It offers a user-friendly interface and a comprehensive set of tools and features, making it suitable for both beginner and experienced traders. Traders can access advanced charting capabilities, a wide array of technical indicators, and various timeframes for market analysis. MT4 also supports automated trading through Expert Advisors (EAs), allowing traders to execute trades automatically based on predefined strategies. The platform is available for desktop (Windows, Linux, and MacOS), as well as mobile devices (iOS and Android), providing convenience and flexibility for traders who prefer to trade on the go.
In-House Web Trading Platform (WebTrader):
FinMarket has developed its own web-based trading platform known as WebTrader. This platform is accessible through any web browser without the need for downloading or installing additional software. WebTrader offers a user-friendly interface with one-click trading functionality, real-time market charts to monitor market trends, and social trading features. The platform caters to traders who prefer a hassle-free trading experience and wish to access their accounts from any internet-connected device.
In-House Mobile Trading Platform:
For traders who are constantly on the move, FinMarket offers a mobile trading platform compatible with both Android and iOS devices. This mobile app provides full access to trading accounts, enabling traders to execute trades, monitor positions, and access real-time market data from the palm of their hands. The mobile trading platform ensures that traders can stay updated and respond to market movements promptly, regardless of their location.
In summary, FinMarket provides a diverse selection of trading platforms to cater to the needs of different traders. The MetaTrader 4 platform offers advanced tools and analysis for experienced traders, while the in-house WebTrader platform appeals to those seeking simplicity and convenience. Additionally, the mobile trading platform ensures traders can stay connected to the markets at all times, making it a comprehensive offering for a range of trading preferences.
FinMarket's customer support has been a source of frustration for many traders, as it often fails to meet their expectations. The broker claims to provide reliable assistance, but in reality, reaching their customer support team can be a tedious and time-consuming process.
Phone Support: While FinMarket offers a phone support option, getting through to a support representative can be a daunting task. Traders often find themselves waiting on hold for extended periods, only to be met with unhelpful responses or transferred to different departments without any resolution.
Email Support: Traders who opt for email support are often left disappointed with the slow response times. It can take several days to receive a reply, and even then, the answers provided are often generic and fail to address the specific concerns raised by traders.
Live Chat: The live chat feature on FinMarket's website is advertised as a quick way to get assistance, but in reality, it is far from efficient. Traders report experiencing long wait times before connecting with a support agent, and when they do, the responses are often vague and unhelpful.
Web Contact Form: Submitting inquiries through the web contact form is no better, as traders rarely receive timely or satisfactory responses. It seems like the broker pays little attention to these contact forms, leaving traders feeling ignored and frustrated.
Overall, FinMarket's customer support is lackluster and inadequate. Traders have expressed their dissatisfaction with the slow response times, unhelpful answers, and overall lack of professionalism displayed by the support team. As a result, many traders feel let down by the broker's supposed commitment to providing reliable assistance.
FinMarket is an unregulated Forex and CFD broker based in Cyprus, established in 2015. While it offers a diverse range of market instruments, including forex currency pairs, major indices, commodities, individual stocks, and cryptocurrencies, the lack of proper regulation raises concerns about the safety of traders' funds and the legitimacy of its operations. The high spreads, varying commissions, and relatively high minimum initial deposit of $1000 make it unattractive, especially for beginners. The website's unavailability adds further doubts about the broker's credibility. The customer support is inadequate, with slow response times and unhelpful assistance.
Pros:
Offers a diverse array of market instruments.
Provides multiple trading platforms, including MetaTrader 4 (MT4).
Supports mobile trading for on-the-go access.
Cons:
Unregulated status raises concerns about fund safety and transparency.
High spreads and commissions impact profitability.
High minimum deposit requirements.
Inadequate customer support with slow response times and unhelpful answers.
Website unavailability adds to doubts about legitimacy.
Overall, due to the lack of regulation, high costs, and unsatisfactory customer support, FinMarket is not recommended for traders. It is essential to consider alternative, regulated brokers with better trading conditions and customer service for a more secure and reliable trading experience.
Q1: Is FinMarket a regulated broker?
A1: No, FinMarket is an unregulated broker, which raises concerns about the safety of traders' funds and the transparency of their operations.
Q2: What is the minimum initial deposit required to open an account with FinMarket?
A2: The minimum initial deposit for a Mini account is $250, while the VIP account requires a minimum deposit of $10,000.
Q3: Does FinMarket offer a demo account for practice?
A3: Yes, FinMarket provides a demo account for traders to practice their strategies before trading with real money.
Q4: What trading platforms does FinMarket offer?
A4: FinMarket offers MetaTrader 4 (MT4), a web-based platform (WebTrader), and a mobile trading platform for Android and iOS devices.
Q5: Is customer support readily available at FinMarket?
A5: FinMarket's customer support has been reported as inadequate, with slow response times and unhelpful assistance, making it a source of frustration for traders.
Feature | Detail |
Registered Country/Region | Australia |
Found | 2015 |
Regulation | FSCA, ASIC (General registration) |
Market Instruments | 1,000+, forex, precious metals, energies, CFD shares, indices, soft commodities, ETFs & bonds |
Demo Account | Available |
Max. Leverage | 500:1 |
EUR/USDSpread | From 1.2 pips (Standard STP account) |
Trading Platforms | MetaTrader4, MetaTrader5, WebTrader,VT Markets APP |
Minimum Deposit | $50 |
Customer Service | 24/7 Help center, live chat |
Email: info@vtmarkets.com (get back to you within 1-3 business days) | |
Social media: LinkedIn, YouTube, Facebook, Instagram, etc. | |
Bonus | 50% welcome bonus, 20% deposit bonus |
Regional Restrictions | Residents of United States, Singapore and Russia are not allowed |
VT Markets was founded in 2015 and headquartered in Sydney, Australia, has over ten years' experience and expertise in global financial markets. As a regulated broker, VT Markets operates under the oversight of the Financial Sector Conduct Authority (FSCA).
VT Markets offers a suite of trading instruments, including major, minor, and exotic currency pairs. In addition to forex, the broker also provides access to other financial instruments, including precious metals, energies, CFD shares, indices, soft commodities, ETFs & bonds. Traders can benefit from competitive trading conditions at VT Markets, including low minimum deposit of $50, fast execution speeds, and flexible leverage options up to 500:1.
VT Markets supports the industry-standard MetaTrader 4 (MT4) trading platform and MetaTrader 5 (MT5) trading platform, as well as webtrader, known for its robust functionality, advanced charting tools, and customizable features, with access to a wide range of technical indicators, expert advisors (EAs), and automated trading capabilities.
Pros | Cons |
Wide range of trading instruments | ASIC license is just general registrated |
Low trading fees | Residents of United States, Singapore and Russia are not allowed |
Multiple account types | |
Multiple trading platforms, MT4, MT5, Webtrader and VT Markets APP | |
Advanced trading tools and features | |
Flexible leverage up to 500:1 | |
Swap-free options available | |
Wide selection of payment methods | |
Social trading available | |
Deposit and welcome bonuses offered |
However, the ASIC license is just general registrated and residents of United States, Singapore and Russia are not allowed.
VT Markets operates under the regulation of multiple regulatory authorities, including the Australian Securities and Investments Commission (ASIC, general registration) in Australia and the Financial Sector Conduct Authority (FSCA) in South Africa.
VT Markets boasts an extensive and diverse range of over 1,000 market instruments, making it a highly attractive option for traders looking to diversify their investment portfolios. This broad selection includes major categories such as forex, which offers a variety of currency pairs; precious metals like gold and silver; energies including oil and natural gas; and CFD shares that cover numerous global corporations.
Additionally, VT Markets provides opportunities to trade indices, soft commodities like coffee and sugar, as well as ETFs & bonds.
VT Markets offers a versatile range of account types to cater to different trading needs and preferences, including Standard STP, Raw ECN, Swap Free, Cent, and Demo accounts. The minimum deposit required is accessible, with $100 needed for the Standard STP, Raw ECN, and Swap Free accounts, and a lower threshold of 5,000 USC (equivalent to $50) for the Cent accounts, making it easier for traders with varying financial capabilities to enter the market.
The base currencies available also provide flexibility; Standard STP and Raw ECN accounts support AUD, USD, GBP, EUR, CAD, and HKD, while Swap Free accounts offer all except HKD, and Cent accounts operate exclusively in USC. Additionally, VT Markets enhances trading opportunities by offering bonuses for Standard STP, Raw ECN, and Swap Free accounts.
Account Type | Standard STP | Raw ECN | Swap Free | Cent | ||
Minimum Deposit | $100 | 5,000 USC=$50 | ||||
Base Currencies | AUD, USD, GBP, EUR, CAD, HKD | AUD, USD, GBP, EUR, CAD | USC | |||
Trading Bonus | Available | / |
Opening a trading account with VT Markets is a straightforward and user-friendly process designed to facilitate quick access to the trading world.
To begin, simply click the ‘Trade now’ button on their platform.
You will then be prompted to enter your personal information, including your country of residence, email address, and a password of your choice; there is also an optional field for a referrer if applicable. Once these details are filled in, click the Open a live account button to finalize the setup of your new trading account.
With a leverage of up to 500:1, its customers can trade 40 different currency pairings and spot gold contracts. One can use a leverage of up to 1:333 on energy commodities, 1:100 on Silver Spot, and 1:20 on soft commodities such as cocoa, coffee, cotton, orange juice, and raw sugar (Crude Oil, Natural gas, Gasoline, and Gasoil). Stocks of the 50 largest U.S. and Hong Kong firms are available for trading via Contracts for Difference (CFDs), with leverage of 1:20. You can trade 15 stock indexes, including the SP 500, DJ30, and US 2000, with high leverage (up to 1:333).
VT Markets offers a competitive and varied structure of spreads and commissions tailored to different types of trading accounts, ensuring traders can select the option that best suits their trading style and strategy.
For those preferring simplicity and no commission costs, the Standard STP and Standard STP (Swap free) accounts offer spreads starting from 1.2 pips, and the Cent Account STP starts from 1.1 pips, all with zero commission charges.
Conversely, for traders looking for tighter spreads and are comfortable with commission fees, the Raw ECN, Raw ECN (Swap free), and Cent Account ECN accounts provide spreads starting as low as 0.0 pips with a commission of $6 per round turn.
Account Type | Standard STP/Standard STP (Swap free) | Raw ECN/Raw ECN (Swap free) | Cent Account STP | Cent Accout ECN |
Spread | From 1.2 pips | From 0.0 pips | From 1.1 pips | From 0.0 pips |
Commission | $0 | $6 per round turn | $0 | $6 per round turn |
VT Markets offers a range of advanced trading platforms to cater to the diverse needs of traders. With their selection of robust platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and the VT Markets App.
WebTrader: The WebTrader platform is a web-based trading solution that provides traders with the flexibility to access their accounts from any web browser without the need for software installation. It offers a user-friendly interface, real-time market data, and essential trading features. Traders can analyze charts, place trades, and manage their positions conveniently through WebTrader.
VT Markets App: The VT Markets App is a mobile trading platform designed for traders who prefer to trade on the go. Available for both iOS and Android devices, the app allows traders to access their accounts, monitor market conditions, and execute trades from anywhere, anytime.
VT Markets provides an innovative copy trading service that allows traders, especially those who may not have the time or expertise to trade independently, to automatically replicate the positions of more experienced traders.
VT Markets supports a variety of popular payment methods. These include major credit cards like MasterCard and Visa, bank transfers, and several e-wallets such as Neteller, Skrill, UnionPay, and FasaPay.
VT Markets offers enticing bonus schemes to both new and existing clients, enhancing their trading potential. New clients are welcomed with a 50% bonus on their initial deposit, applicable to all account types. This welcome bonus is designed to give traders a substantial boost as they begin their trading journey, with the bonus credit being added to their accounts within just one business day after the deposit.
Additionally, VT Markets provides a recurring 20% deposit bonus for all subsequent deposits over $1,000, allowing traders to increase their trading capital by up to $10,000 in extra funds. This ongoing bonus can be claimed multiple times, offering continuous support to enhance trading activities.
VT Markets provides a comprehensive suite of educational resources and analytical tools. The learning center at VT Markets is extensive, featuring a trading glossary for beginners, detailed courses on forex trading, and specialized tutorials on using MetaTrader platforms. Additionally, they offer podcasts that delve into various trading topics, catering to learners who prefer auditory content.
On the analysis front, VT Markets provides daily market analyses and weekly market overviews to keep traders informed about the latest market trends and opportunities. Their blog also serves as a valuable resource for deeper insights and trading strategies.
Furthermore, VT Markets enhances trading efficiency with practical tools such as an economic calendar, trading signals, and access to Trading Central MT4 tools and ProTrader tools. They also support automated trading by offering expert advisors.
VT Markets prioritizes exceptional customer support by providing around-the-clock assistance through various channels, ensuring traders can receive help whenever required. Their 24/7 Help Center is equipped to address and resolve common issues instantly, facilitating a seamless trading experience.
For more interactive and immediate assistance, VT Markets features a live chat service where traders can communicate directly with knowledgeable support staff in real-time.
Additionally, traders can reach out via email at info@vtmarkets.com, with the assurance of receiving a detailed response within 1-3 business days.
VT Markets also extends its customer engagement through active social media presence on platforms like LinkedIn, YouTube, Facebook, and Instagram, offering updates, educational content, and a platform for community interaction.
Is VT markets regulated? |
Yes. VT markets is regulated by FSCA. |
Does VT markets offer the industry-standard MT4 & MT5? |
Yes. Both MT4 and MT5 are available. |
What is the minimum deposit for VT markets? |
The minimum initial deposit to open an account is $50. |
At VT markets, are there any regional restrictions? |
Yes. VT Markets' services and information on the website are not provided to residents of certain countries, including the United States, Singapore, Russia, and jurisdictions listed on the FATF and global sanctions lists. |
Is VT markets a good broker for beginners? |
Yes. VT markets is regulated and offers popular MT4 and MT5 platforms. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive finmarket and vt-markets are, we first considered common fees for standard accounts. On finmarket, the average spread for the EUR/USD currency pair is -- pips, while on vt-markets the spread is 1.2.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
finmarket is regulated by CYSEC. vt-markets is regulated by FSCA,ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
finmarket provides trading platform including Silver Member,Gold Member,Platium Member,Diamond Member,Elite Member and trading variety including Forex Commodities Indices World Shares CryptoCurrencies. vt-markets provides trading platform including STP,RAW ECN and trading variety including Forex/precious metals/soft commodities/indexes/cryptocurrencies/energy/US stocks/Hong Kong stocks.