| Updated: VT Markets Account Types in Brief
VT Markets offers a range of account types that cater to the different preferences of its clients. The main accounts are Standard STP and Raw ECN. Both account types boast leverage of up to 1:1000, support MT4/5, TradingView, and WebTrader, and have a minimum trade size of 0.01 lots, but they differ in terms of their cost structure.
If you open a Standard STP account, you will be able to trade with spreads no lower than 1.2 pips. However, you will not be obligated to pay an additional commission on top of the spread. Going with the Raw ECN account, on the other hand, grants access to zero-spread trading but requires that you pay a commission of $3 per side.
In addition to the above account types, there is also the Pro ECN option, which comes with even lower commissions of $0 on oil and silver, and between $2 and $4 (round turn) on gold and forex. Cent accounts are also available. They have STP and ECN variants, but the deposit minimum is significantly lower than that of ordinary accounts and stands at $50. Moreover, the only account currency you can set is USC (US Cent).
Each of the aforementioned account types also comes in a swap-free version for Muslim traders. Individuals interested in copy trading and managed accounts have been accounted for as well, seeing as VT Markets offers copy trading, MAM (Multi-Account Manager), and PAMM (Percentage Allocation Management Module) accounts.
| Demo Account |  |
| Islamic Account | |
| ECN Account | |
| Pro Account | |
| MAM Account | |
VT Markets Minimum Deposit Requirements
VT Markets has set a reasonable $100 minimum deposit requirement when it comes to its main account types. Cent accounts, meanwhile, have a lower deposit requirement of $50, seeing as they are meant for individuals interested in low-stakes trading.
The available base currencies with Standard STP and Raw ECN accounts are USD, AUD, GBP, CAD, EUR, JPY, and HKD, with USC (US Cent) being the base currency for cent accounts.
As for how a given VT Markets user can top up their balance, bank cards like Mastercard and Visa, e-wallets such as Neteller and Skrill, and bank transfers are among the main options. VT Markets also supports a range of region-exclusive payment solutions.
What Can You Trade at VT Markets?
VT Markets’ catalog feature over 1,000 trading instruments, giving users ample choice to diversify their trading sessions. If you are interested in forex, you will be able to speculate on the prices of major, minor, and exotic pairs. Indices and dozens of stock CFDs are also present. There is much to choose from if you plan on trading commodities too, with energies like oil and natural gas, metals (gold, silver, palladium, copper), and soft commodities such as cotton and sugar being available.
Leverage can go up to 1:1000, though it varies based on the instrument and location. Here is an overview of the typical leverage limits at VT Markets:
| Product | Leverage |
|---|---|
| Forex | Up to 1:1000 |
| Metals | Up to 1:1000 |
| Oil | Up to 1:500 |
| Index | Up to 1:500 |
| Sliver | Fixed 1:100 |
| Energies | Fixed 1:20 |
| Soft commodities | Fixed 1:20 |
| US CFD shares | Fixed 1:20 or 1:33 (Adjusted for earnings season) |
Account Registration at VT Markest – Takes about 2 minutes (Demo Account)
- On VT Markets’ homepage, scroll down until you reach the section dubbed “Start trading forex with VT Markets today.” There, you will find a link called demo that will lead you to the demo account creation page.
- Input your first and last name, phone number, and email. Select your country, then proceed with the next step.
- Configure your demo account. Pick between MetaTrader 4 and 5, choose your account type (Standard ETP, Raw ECN), the account currency (region dependent), the leverage cap (note that the highest option is reliant on your country of residence), and the virtual account balance (up to $100,000). Then, click “Get your demo account.”
- VT Markets will provide you with your login number and the server of your demo account. With this, you are ready to start trading in a simulated environment.
Account Registration at VT Markets – Takes about 5 minutes (Live Account)
VT Markets claims that its account creation process takes around 5 minutes, and our team agrees with this assessment. The process is generally smooth and straightforward.
- Go to VT Markets’ website and click the Trade Now button.
- Pick your country of residence, provide your email, create a password, use your referral code if you have one, and continue. The “I am not a US resident” box will be ticked automatically if you are not in the US.
- Write your full name, date of birth, and phone number. Then, select your gender and nationality, and click Next.
- Customize your live account specifications. You can pick between the MT4/5 platforms and Copy Trading, while the account types you can start with are the typical or swap-free versions of Standard STP and Raw ECN. You can also set the currency and create an account password. Last but not least, agree to the firm’s terms, and click Submit.
- You will then be asked to verify your ID or make a deposit.
- Note that even though you will not be able to trade just yet, your live account will already be created. You can view its details in the Live accounts page of your client portal.
- If you would like to view your account through the VT Markets TradingView WebTrader, you can do so by logging in with your account number and password.
Account Verification at VT Markest – Takes about 5 minutes
In terms of the steps you need to take, verifying your identity at VT Markets can take 5 minutes or even less if you have the relevant documents at hand. However, keep in mind that after you have completed the necessary steps outlined below, it can take up to a day for the broker’s team to verify your documents.
- Go to the accounts page and click Complete application.
- Select Verify now.
- If you are using your computer, decide whether you will continue the process on your desktop browser or your phone.
- Confirm that you have read VT Markets’ Privacy Notice and the Notification to Processing of Personal Data.
- Confirm that the personal details you entered previously are accurate and proceed to the next step.
- Select the type of document you wish to provide. The options include a driver’s license, an ID card, a residence permit, and your passport.
- Upload photos of the document in question. If you have gone with an ID card, submit both the front and back sides of the card. The accepted formats include JPG, PNG, HEIC, WEBP, and PNG. Your images should be no larger than 50 MB.
- VT Markets will verify your documents and ask you to complete face verification. Follow the broker’s instructions to finalize the verification process.
Overall Thoughts
Generally, most traders will not find VT Markets’ account creation process to be cumbersome. Demo accounts can be done in no time, and opening a live account is a breeze as well. Neither will cost you anything, and the same applies to verifying your identity.
Speaking of which, verification is no hassle either, although, as established, it is best that you prepare the documents you plan on submitting beforehand so that it is as smooth as possible. We should also stress that if you run into any issues at any step of verification or account creation, you can reach out to a representative of VT Markets’ customer support team.
