VTGM broker Accounts

vtgm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: vtgm Account Types Overview

vtgm Account Types Explained

VTGM offers a variety of account types tailored to different trading preferences and expertise levels. Below are the available account types:

1. Standard STP Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Raw ECN Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access with lower spreads, suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Allows traders to practice without financial risk, access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard STP Account
• Intermediate Traders: Raw ECN Account
• Advanced Traders: Raw ECN Account
• Practice/Testing: Demo Account

Part 2: vtgm Account Features Comparison

Detailed vtgm Account Features

Feature Comparison

Advantages of Each Account Type

• Standard STP Account:

• User-friendly interface for beginners.

• No commission fees.

• Access to a wide range of instruments.

• Raw ECN Account:

• Tight spreads for cost-effective trading.

• Ideal for scalping and high-frequency trading.

• Direct access to market liquidity.

• Demo Account:

• Risk-free environment for practice.

• Full access to trading tools and features.

• Helps in developing trading strategies.

Disadvantages of Each Account Type

• Standard STP Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• Raw ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Demo Account:

• No real monetary gains.

• May not fully replicate live trading conditions.

Part 3: vtgm Account Opening Requirements

vtgm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; however, residents of certain jurisdictions may be restricted.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).

Identity Verification Documents Needed

• Proof of Identity (POI):
• Government-issued photo ID (passport or drivers license).
• Proof of Address (POA):
• Recent utility bill or bank statement (issued within the last 6 months).

Additional Documentation for Professional Accounts

• Additional documentation may be required for professional accounts, including proof of trading experience and financial status.

KYC/AML Compliance Procedures

• VTGM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of all clients.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: vtgm Account Opening Process

Step-by-Step vtgm Account Opening Guide

1. Visit Website and Click Registration:

• Go to the VTGM homepage and click on the "Open a Live Account" button.

1. Personal Information Entry:

• Fill out the registration form with your personal details, including country of residence, email address, and password.

1. Choose Account Type:

• Select the account type you wish to open (Standard STP or Raw ECN).

1. Set Trading Preferences:

• Specify your trading preferences and risk tolerance.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the verification process to be completed.

1. Fund Your Account:

• Deposit funds into your account using your preferred payment method.

1. Start Trading:

• Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile version optimized for ease of use.

Common Registration Issues and Solutions

• Issues may include document rejection due to poor quality; ensure all documents are clear and legible.
• Delays in verification can occur if documents are incomplete; double-check all requirements before submission.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and following the necessary procedures.

Part 5: vtgm Demo Account Information

vtgm Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Helps build confidence before trading with real money.

How to Open a Demo Account

• Visit the VTGM website and select the option to open a demo account, following the prompts to set up.

Demo Account Limitations

• Limited to virtual funds; no real monetary gains can be made.
• May have a time limit or expiry date (typically 30 days).

Virtual Balance Amount

• Standard virtual balance is usually set at $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money and may not reflect the same market conditions as live trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days, but can often be extended upon request.

Part 6: vtgm Islamic Account Details

vtgm Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, VTGM offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Clients must indicate their request for an Islamic account during the registration process.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees, which are typically charged for overnight positions.
• How to Apply for Islamic Account: Indicate the request during the account opening process or contact customer support.
• Restrictions or Special Conditions: Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – vtgm Account Types & Opening

1. What account types does vtgm offer？

• VTGM offers Standard STP, Raw ECN, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard STP: $100; Raw ECN: $200; Demo: Virtual balance.

1. How long does vtgm account verification take？

• Account verification typically takes 1-3 business days.

1. Does vtgm offer demo accounts？

• Yes, VTGM offers demo accounts for practice trading.

1. Can I have multiple account types with vtgm？

• Yes, clients can open multiple account types.

1. Does vtgm offer Islamic/swap-free accounts？

• Yes, VTGM offers Islamic accounts that do not incur swap fees.

1. What documents do I need to open a vtgm account？

• Proof of Identity and Proof of Address are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.