VT Markets vs FXOpen 2024

VT Markets is not publicly traded and does not operate a bank. VT Markets is authorised by one Tier-1 regulator (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and zero Tier-4 regulators (high risk). VT Markets (through its parent company) is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

FXOpen is not a publicly traded company, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXOpen is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and and regulated in the European Union via the MiFID passporting system.

VT Markets benefits from being part of the Vantage Group of companies, and provides access to the MetaTrader suite of platforms as well as its own VT Pro trading app.

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

To open a trading account with VT Markets, you'll need to make an initial minimum deposit of $100.

FXOpen requires a minimum deposit of $100 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both VT Markets and FXOpen offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that VT Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that FXOpen holds 2 global Tier-1 licenses, while VT Markets holds 1. VT Markets holds 1 global Tier-2 licenses, while FXOpen holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FXOpen (76) earned a higher Trust Score than VT Markets (70).

To compare the trading platforms of both VT Markets and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, VT Markets offers a better experience. With research, VT Markets offers superior market research. Finally, we found VT Markets to provide better mobile trading apps.

Here’s what trading platforms are available at VT Markets:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at FXOpen:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both VT Markets and FXOpen offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. VT Markets and FXOpen both offer copy trading.

VT Markets provides traders 39 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. If you are interested in trading a full range of securities, VT Markets offers traders access to 1000 tradeable symbols, while FXOpen offers access to 87 tradeable symbols; so VT Markets offers 913 more tradeable symbols than FXOpen.

We found in our testing that VT Markets offers a more diverse selection of investment options than FXOpen, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.