VT Markets Review: Unbiased Expert Analysis
This comprehensive VT Markets review delves into the broker’s offerings, fees, and platforms to provide an unbiased expert analysis. For traders considering VT Markets, understanding its strengths and weaknesses is crucial.
VT Markets Trading Products and CFD Offerings
VT Markets provides a diverse range of CFD offerings, encompassing 168 symbols across various asset classes. This includes shares, commodities, metals, indices, and numerous forex pairs, catering to a broad spectrum of trading preferences.
The table below summarizes the key VT Markets trading products available to clients:
- Forex Trading (Spot or CFDs): Yes
- Tradeable Symbols (Total): 168
- Forex Pairs (Total): 39
- U.S. Stock Trading (Non CFD): No
- Int’l Stock Trading (Non CFD): No
- Social Trading / Copy Trading: Yes
- Cryptocurrency (Physical): No
- Cryptocurrency (CFD): Yes (Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents, except to Professional clients.)
VT Markets Fees and Minimum Deposit
The cost of trading at VT Markets varies based on your chosen account type: the Raw ECN or the Standard STP account. This VT Markets review finds both accounts accessible with a relatively low VT Markets minimum deposit.
The Standard STP account is commission-free but features higher VT Markets spreads. Conversely, the Raw ECN account charges a commission but offers tighter spreads. Both account types require a VT Markets minimum deposit of just $200, making them accessible to a wide range of traders.
VT Markets Spreads Analysis
A key aspect of our VT Markets review is the analysis of its spreads. For the Standard STP account, the typical EUR/USD spread is listed at 1.2 pips. The Raw ECN account, however, boasts a more competitive effective spread of 0.83 pips (based on a 0.6 round-turn commission and a 0.23 average spread, as observed in September 2021).
While the pricing for the VT Markets Raw ECN account aligns well with industry standards, the Standard STP account’s pricing, particularly its VT Markets spreads, is comparatively less attractive. This is an important consideration for any VT Markets review.
- Minimum Initial Deposit: $200
- Average Spread EUR/USD – Standard: 1.2 (September 2021)
- All-in Cost EUR/USD – Active: 0.8 (September 2021)
- Active Trader or VIP Discounts: No
- Execution: Agency Broker: No
- Execution: Market Maker: Yes
Mobile Trading Apps
VT Markets primarily operates as a MetaTrader broker, offering full support for the MetaTrader suite. Additionally, it provides a proprietary mobile app called VT Pro. While VT Pro shows promise, it currently falls short when compared to the mobile offerings of leading MetaTrader brokers.
The VT Pro mobile app, along with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), is available for both Android and Apple iOS devices. These can be downloaded directly from the Google Play and Apple App stores.
Ease of Use and Features
The VT Pro mobile app features a well-designed layout that facilitates easy navigation and includes integrated research content. It offers useful tools such as watchlist items and newsletter articles that provide Pivot Point analysis across six popular trading symbols.
The app also includes a dedicated news tab with technical analysis articles and a comprehensive economic calendar. This calendar allows users to subscribe to events and automatically populates relevant calendar entries when a specific symbol is viewed.
Charting Capabilities
Charting on VT Pro offers a limited set of basic features. Users can rotate the display to landscape mode and access tick chart functionality. However, the app provides only seven indicators, ten selectable timeframes, and lacks advanced features like drawing tools.
- Android App: Yes
- Apple iOS App: Yes
- Mobile Alerts – Basic Fields: Yes
- Watchlists – Total Fields: 7
- Watchlist Syncing: No
- Charting – Indicators / Studies (Total): 15
- Charting – Drawing Tools (Total): 30
- Mobile Charting – Draw Trendlines: Yes
- Charting – Multiple Time Frames: No
- Forex Calendar: Yes
Other Trading Platforms
VT Markets distinguishes itself as a MetaTrader-only broker, relying solely on the popular platform suite developed by MetaQuotes Software Corporation. The broker does not offer its own proprietary web or desktop trading platform.
VT Markets provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, compatible with Windows and Mac operating systems. For traders who make a VT Markets minimum deposit of at least $500, several plugins for MT4 are available as part of the Pro Trading Tools suite, powered by Trading Central, a reputable third-party provider.
Verdict
In conclusion, this VT Markets review highlights a broker with competitive VT Markets spreads on its ECN account and a low VT Markets minimum deposit, making it accessible to many traders. Its extensive VT Markets CFD offerings and reliance on the MetaTrader suite are strong points. However, the proprietary mobile app still has room for improvement in its charting capabilities. Overall, VT Markets presents a viable option for traders prioritizing MetaTrader platforms and a diverse range of trading products, particularly those interested in a comprehensive VT Markets review.
