Written by ForexBrokers.com
In this head to head comparison of FP Markets vs VT Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2005, FP Markets is a well-regarded online broker that holds a ForexBrokers.com Trust Score of 89, indicating a solid level of trust. Though not publicly traded or a bank, the company stands out with two Tier-1 licenses, which are considered highly trusted by the industry, and one Tier-2 license. These credentials make FP Markets a reliable choice for traders seeking a dependable platform.
In comparison, VT Markets started operations later in 2016 and carries a ForexBrokers.com Trust Score of 70, reflecting an average risk level. While also not publicly traded or a bank, VT Markets supports its credibility with one Tier-1 license and one Tier-2 license. Despite its shorter track record, VT Markets offers a reasonable option, particularly for those looking for a straightforward trading experience.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
FP Markets stands out as a cost-effective choice for traders globally, earning a 5-star rating and a commendable 6th place ranking in the Commissions and Fees category by ForexBrokers.com. The broker's competitively priced Raw ECN account offers spreads averaging just 0.1 pips as of October 2023, translating to an all-in cost of 0.8 pips when including commissions. FP Markets offers an Iress platform suite with diverse account options like Standard, which requires a minimum deposit of AUD 1,000, and Premier, starting at AUD 50,000. However, FP Markets' Iress ViewPoint account is more suited to active traders with higher balances, as avoiding platform and data fees requires a minimum commission spend of AUD 150 monthly.
In comparison, VT Markets delivers a reliable service but falls slightly behind in cost efficiency compared to FP Markets, achieving a 4.5-star rating and holding the 20th position. VT Markets allows traders to choose either a Standard STP or Raw ECN account, each with a minimum deposit of $100. The Raw ECN account at VT Markets features an effective spread of 0.83 pips, comprised of a 0.6 round turn commission and a 0.23 average spread, based on September 2021 data. However, the Standard STP account comes with a typical spread of 1.2 pips on the EUR/USD, which may not appeal to cost-conscious traders.
Both brokers offer compelling trading environments, with FP Markets having a slight edge thanks to its lower spread costs and higher industry recognition. VT Markets remains a competitive alternative, especially for those who prefer simpler, cost-effective trade setups without commissions in the Standard STP account. Ultimately, choosing between FP Markets and VT Markets will depend on your trading style and budget preferences.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.7 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and VT Markets, the range of investment options is a key consideration. FP Markets offers an impressive array of 10,000 tradeable symbols and 71 forex pairs. This extensive selection allows traders to explore diverse markets with significant depth. On the other hand, VT Markets provides access to 1,000 tradeable symbols and 39 forex pairs, presenting a more focused selection for investors. Both platforms offer forex trading as CFDs or spot contracts, and they provide options for trading cryptocurrency derivatives. However, neither broker supports the purchase of actual cryptocurrencies or exchange-traded securities on U.S. exchanges.
Unlike FP Markets, VT Markets allows trading in exchange-traded securities on international exchanges, granting users the ability to invest in global companies. Additionally, both FP Markets and VT Markets support copy trading, appealing to those looking to mirror successful investment strategies. Despite these offerings, FP Markets is notably more highly rated for its range of investments, receiving 4.5 stars, compared to VT Markets' 3.5 stars. FP Markets ranks 18th among 62 brokers in the Range of Investments category, while VT Markets sits at the 39th spot, highlighting a broader scope of products at FP Markets.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 39 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). | 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). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and VT Markets both provide traders with a wide range of platforms and tools to cater to various trading needs. Both brokers offer simulated trading through free demo accounts, enabling traders to practice without financial risk. While FP Markets shines with its own proprietary platform, VT Markets relies on established third-party options. Both platforms support Windows desktop and web-based trading, providing traders with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, neither broker offers DupliTrade or ZuluTrade. On the trading features front, each provides copy trading and the ability to trade directly from stock charts.
When it comes to charting tools, FP Markets offers fewer drawing tools compared to VT Markets, which boasts 30 options. Both brokers offer a similar watchlist capability with seven columns for customization. In terms of recognition and ratings, FP Markets holds a slightly higher position at #23 against VT Markets ranked at #47 in the Trading Platforms and Tools category by ForexBrokers.com. Both brokers are rated 4 stars, suggesting they offer competitive, reliable platforms for traders looking to engage in the markets.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 17 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and VT Markets both offer mobile trading apps for iPhone and Android users, providing a convenient platform for trading on the go. Both apps support stock and forex price alerts and allow users to draw trendlines and view multiple time frames on charts, ensuring a comprehensive trading experience. However, neither of the apps offers the feature to sync watchlist symbols between the mobile app and the client's online account.
When it comes to charting capabilities, FP Markets utilizes MetaTrader by default, whereas VT Markets offers 30 technical studies for an in-depth analysis. Additionally, FP Markets has the advantage of auto-saving drawings on charts, a feature not available in VT Markets. Both platforms allow the creation of watchlists with real-time quotes. Despite these differences, both apps have been rated 4 out of 5 stars for mobile trading. FP Markets holds a higher rank (18th out of 62 brokers) compared to VT Markets' rank of 44th, reflecting its slightly better position in the Mobile Trading Apps category.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When looking at market research offerings, both FP Markets and VT Markets provide daily market commentary and access to forex news from premier sources like Bloomberg and Reuters. They also share sentiment-based trading tools that reveal the ratio of long and short positions across various instruments, along with economic calendars for global events. However, a key distinction is that FP Markets supports advanced technical and fundamental analysis with tools from both Autochartist and Trading Central, while VT Markets only collaborates with Trading Central for such tools.
FP Markets is rated higher for research, with a 4-star rating compared to VT Markets' 3.5 stars, according to industry reviews. In a ranking of 62 brokers for research capabilities, FP Markets comes in at #25, noticeably ahead of VT Markets, which ranks at #36. Neither broker features market research tools from TipRanks or Acuity Trading, leveling the playing field in that particular aspect. This comparative analysis highlights FP Markets' broader set of analytical tools, contributing to its superior standing in market research ratings.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FP Markets and VT Markets for educational resources, both brokers offer more than 10 educational materials focused on forex and CFDs through articles, videos, and archived webinars. FP Markets stands out by offering monthly online webinars for clients, providing them with consistent learning opportunities, while VT Markets does not. Additionally, FP Markets provides a searchable archive of recorded webinars, giving traders access to past sessions whenever they need, which is not available with VT Markets. Both brokers supply more than 10 beginner educational videos, but FP Markets goes further by offering advanced educational videos for more experienced traders, a feature VT Markets lacks.
FP Markets also includes a comprehensive investor dictionary with over 50 investing terms, which VT Markets matches. Despite these similarities, FP Markets edges ahead with an education rating of 4 stars and a #23 ranking in the Education category out of 62 brokers by ForexBrokers.com. In contrast, VT Markets holds a slightly lower rating of 3.5 stars and ranks #55. This indicates that while both brokers cater well to beginners, FP Markets provides a more extensive educational support system for traders at different levels.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FP Markets is better than VT Markets. FP Markets finished with an overall rank of #19, while VT Markets finished with an overall rank of #45.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 70 |
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Both FP Markets and VT Markets provide the option to trade cryptocurrency derivatives rather than the actual delivered cryptocurrency, catering to investors interested in derivatives of digital assets.
While both FP Markets and VT Markets support Skrill, Visa or Mastercard, and bank wire transactions for deposits and withdrawals, FP Markets additionally offers PayPal, whereas neither broker supports ACH or SEPA transfers.
Please 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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0 of 5| Overall Rating | FP Markets | VT Markets | |
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| Trust Score | 89 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | VT Markets Review |
| Broker Screenshots | FP Markets | VT Markets | |
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| Regulation | FP Markets | VT Markets | |
|---|---|---|---|
| Trust Score | 89 | 70 | |
| Year Founded | 2005 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | VT Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | VT Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 39 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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). | 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). |
| Cost | FP Markets | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 17 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | VT Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | VT Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review | VT Markets Review |
| Overall | FP Markets | VT Markets | |
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| Trust Score | 89 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | VT Markets Review |
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