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VT Markets vs FXOpen 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between VT Markets and FXOpen? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, VT Markets ranks more highly than FXOpen.

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Compare

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Overall Rating VT Markets FXOpen
Overall Rating star 7.3 /10 star 7 /10
Offering of Investments star 7.0 /10 star 6.0 /10
Commissions & Fees star 8.5 /10 star 7.5 /10
Platform & Tools star 7.5 /10 star 7.5 /10
Research star 7.0 /10 star 5.5 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 6.5 /10 star 6.0 /10
Account Type VT Markets FXOpen
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options VT Markets FXOpen
Minimum Deposit info $100 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
ACH or SEPA Transfers info No No
Copy Trading VT Markets FXOpen
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Cryptocurrency VT Markets FXOpen
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) VT Markets FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) VT Markets FXOpen
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments VT Markets FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms VT Markets FXOpen
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses VT Markets FXOpen
Tier-1 Licenses info 1 3
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education VT Markets FXOpen
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info No No
Trading Costs VT Markets FXOpen
Minimum Deposit info $100 $100
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No Yes
Trading Tools VT Markets FXOpen
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 15 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors VT Markets FXOpen
Year Founded info 2016 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Trust Score info 70 80
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VT Markets vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between VT Markets and FXOpen? Our independent database powered by our unbiased research will help you compare VT Markets vs FXOpen side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust VT Markets?

VT Markets has a Trust Score of 70, giving it a "Average Risk" Trust Score Label.

Can I trust FXOpen?

FXOpen has a Trust Score of 80, giving it a "Trusted" Trust Score Label.

Is VT Markets a good broker?

VT Market offers its own proprietary mobile app as well as access to the full MetaTrader platform suite (including MetaTrader 5). VT Markets also offers support for popular third-party tools like Trading Central and trading signals from Acceage, as well as social copy trading from Zulutrade. Though the broker continues to evolve, there are fewer markets to trade than what is available at the best brokers, and its research and educational materials are limited. It's also worth noting that VT Markets no longer benefits from being part of the Vantage Group of companies, which weighs down its overall Trust Score.

Is FXOpen a good broker?

Founded in 2003, FXOpen is a trusted broker that is regulated in multiple Tier-1 regulatory jurisdictions, boosting its overall Trust Score. FXOpen offers the full MetaTrader suite (both MT4and MT5) alongside the TickTrader platform, though the broker's MetaTrader offering is relatively unimpressive. With an extremely small number of tradeable markets and a limited selection of educational materials, FXOpen simply can't compete with the best forex brokers.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. VT Markets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised). FXOpen, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, VT Markets is South Africa (FSCA Authorised), while FXOpen is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither VT Markets nor FXOpen are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that VT Markets offers a Desktop Platform (Windows), whereas FXOpen supports a Desktop Platform (Windows) and ZuluTrade. Neither have Proprietary Platform, cTrader and DupliTrade

Does VT Markets offer MetaTrader? Does FXOpen offer MetaTrader?

Both VT Markets and FXOpen offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do VT Markets and FXOpen differ in terms of minimum deposit? What about average spreads and funding options?

VT Markets requires a minimum deposit of $100, while FXOpen requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both VT Markets and FXOpen offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits. Neither have PayPal (Deposit/Withdraw)

Which broker offers more tradeable asset classes, VT Markets or FXOpen?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that VT Markets delivers a more diverse selection of investment options than FXOpen, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; VT Markets offers 1000, and FXOpen offers a total of 87 tradeable symbols.

Can I trade cryptocurrency with VT Markets or FXOpen?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither VT Markets nor FXOpen allow you to trade physical cryptocurrencies.

Who offers more research tools, VT Markets or FXOpen?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. VT Markets delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. FXOpen, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

VT Markets Review

FXOpen Review

Overall winner: VT Markets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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