VT Markets offers several account types tailored to meet the diverse needs of traders, from beginners to seasoned professionals. Heres a breakdown of the available account types:
| Account Type | Minimum Deposit | Spread (Min) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard STP | $100 | 1.0 pips | None | 1:500 | Beginners, retail traders |
| Raw ECN | $100 | 0.0 pips | $3/lot | 1:500 | Advanced, professional traders |
| Swap-Free | $100 | Varies | Varies | 1:500 | Muslim traders |
| Cent | $10 | 1.0 pips | None | 1:500 | New traders |
| Demo | Virtual funds | Varies | Varies | 1:500 | Beginners, strategy testers |
When comparing the features across different account types at VT Markets, the following elements are essential:
Minimum Deposit:
Standard STP: $100
Raw ECN: $100
Swap-Free: $100
Cent: $10
Demo: Virtual funds
Maximum Leverage:
All account types: Up to 1:500.
Spreads (Typical/Minimum):
Standard STP: From 1.0 pips.
Raw ECN: From 0.0 pips.
Swap-Free: Varies based on account type.
Cent: From 1.0 pips.
Commission Fees:
Standard STP: None.
Raw ECN: $3 per lot.
Swap-Free: Varies based on account type.
Cent: None.
Lot Size:
Standard STP: Standard lots.
Raw ECN: Standard lots.
Swap-Free: Standard lots.
Cent: Micro lots.
Available Trading Platforms:
All account types: MT4, MT5, and WebTrader.
Execution Type:
Standard STP: Market execution.
Raw ECN: ECN execution.
Swap-Free: Market execution.
Cent: Market execution.
Islamic Account Availability:
Swap-Free accounts available for Muslim traders.
Swap-Free Options:
Available for Swap-Free accounts.
Demo Account Features:
Access to all trading instruments and platforms; virtual funds for practice.
Standard STP Account:
User-friendly for beginners.
No commission fees.
Access to various instruments.
Raw ECN Account:
Tight spreads for cost-effective trading.
Direct market access.
Ideal for scalping and high-frequency trading.
Swap-Free Account:
Compliant with Islamic finance principles.
No interest fees.
Cent Account:
Low minimum deposit for risk-averse traders.
Ideal for practice and learning.
Demo Account:
Risk-free trading environment.
Ideal for testing strategies.
Standard STP Account:
Higher spreads compared to Raw ECN.
Raw ECN Account:
Commission fees can add up for frequent traders.
Swap-Free Account:
May have higher spreads compared to Standard accounts.
Cent Account:
Limited to smaller trading amounts.
Demo Account:
No real financial gain; virtual environment may not replicate live trading conditions.
To open an account with VT Markets, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: VT Markets operates in over 160 countries; however, some regions may be restricted.
Prohibited Countries: U.S. residents are not eligible to open an account.
Identity Verification Documents Needed:
Proof of Identity (POI): A clear, color copy of a government-issued photo ID (e.g., passport, drivers license).
Proof of Address (POA): A document issued within the last 6 months (e.g., utility bill, bank statement).
Additional Documentation for Professional Accounts:
May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures:
VT Markets adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the security of all accounts.
Verification Time Frames:
Account verification typically takes up to one business day, depending on the completeness of submitted documents.
Opening a live trading account with VT Markets is a straightforward process. Follow these steps to get started:
Issue: Document upload errors.
Solution: Ensure documents are clear and meet the specified requirements.
Issue: Verification delays.
Solution: Check that all required documents are submitted correctly.
Demo Account Features and Benefits:
Risk-free trading environment with virtual funds.
Access to all trading instruments and platforms.
Ideal for practicing strategies without financial risk.
How to Open a Demo Account:
Visit the VT Markets website and select the option to open a demo account. Fill out the necessary information and follow the prompts.
Demo Account Limitations:
Limited to virtual trading; no real financial gains.
Virtual Balance Amount:
Typically set to a standard amount (e.g., $10,000) for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money and market conditions.
Duration/Expiry of Demo Accounts:
Demo accounts may have a set duration or can remain active as long as there is no inactivity.
Swap-Free/Islamic Account Availability:
VT Markets offers Swap-Free accounts designed for Muslim traders who adhere to Islamic finance principles.
Eligibility Requirements:
Traders must indicate their preference for a Swap-Free account during the registration process.
Differences from Standard Accounts:
Swap-Free accounts do not incur interest fees, aligning with Islamic law.
How to Apply for Islamic Account:
Select the Swap-Free option when choosing the account type during registration.
Restrictions or Special Conditions:
Must comply with the terms set forth by VT Markets for maintaining a Swap-Free account.
Explore broker markets account types: forex/trading accounts with demo access.