Written by ForexBrokers.com
In this head to head comparison of VT Markets vs FXOpen, 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.
When considering online brokers, VT Markets and FXOpen present two distinct options. VT Markets, founded in 2016, has earned a Trust Score of 70 from ForexBrokers.com, placing it in the average risk category. It holds one Tier-1 license for high trust and one Tier-2 license, contributing to its sense of security. In comparison, FXOpen, established in 2003, boasts a slightly higher Trust Score of 76, also categorized as average risk. FXOpen benefits from two Tier-1 licenses, further reinforcing its credibility in the financial market.
Neither VT Markets nor FXOpen is publicly traded or functions as a bank, underscoring their singular focus on brokerage services. VT Markets and FXOpen both cater to trading beginners and seasoned traders, offering distinct advantages depending on individual needs and preferences regarding regulatory considerations. These brokers’ regulatory standings emphasize the critical importance of understanding trust scores and licensing before choosing a trading platform.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2016 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing VT Markets to FXOpen regarding commissions and fees, VT Markets offers two types of accounts: the Raw ECN and the Standard STP. The Standard STP account is commission-free, appealing to traders who prefer not to incur commission costs, but it features higher spreads than the Raw ECN account. Both account types require a minimum deposit of just $100, making them accessible for beginners. VT Markets lists the EUR/USD spread at 1.2 pips for the Standard STP account, whereas the Raw ECN account has an effective spread of 0.83 pips, combining a low 0.23 pips average spread with a 0.6 commission on a round turn. This pricing is fairly standard in the industry.
On the other hand, FXOpen does not provide specific average spread data, which might make it harder for potential traders to evaluate the cost of trading. Nevertheless, both brokers offer competitive pricing structures to suit different trading needs, though VT Markets appears to provide clearer data on its spreads.
In terms of ratings, VT Markets stands out with an impressive 4.5 stars for commissions and fees, ranked #20 out of 62 brokers by ForexBrokers.com. FXOpen, while being a reputable choice, has a slightly lower rating of 4 stars and is ranked #45 by the same source. This indicates that while both brokers are good, VT Markets might offer slightly more cost-effective trading conditions.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 VT Markets with FXOpen for their available range of investments, VT Markets comes out ahead in offering a broader selection. Both platforms provide forex trading as CFD or spot contracts, but VT Markets offers more with 1,000 tradeable symbols compared to FXOpen's 87. For those interested in forex pairs specifically, VT Markets provides 39 pairs, while FXOpen has 25. Neither platform offers exchange-traded securities on U.S. exchanges like Apple shares, yet VT Markets distinguishes itself by enabling clients to buy international exchange-traded securities such as Vodafone shares, a feature FXOpen does not offer.
For investors interested in cryptocurrency derivatives, both VT Markets and FXOpen provide options, though neither allows for the purchase of actual cryptocurrencies. Both brokers support copy trading, which can be attractive for those seeking to mirror the trades of experienced investors. Despite these similarities, VT Markets is rated slightly higher for its range of investments with 3.5 stars versus FXOpen’s 3 stars. This distinction is further reflected in their rankings by ForexBrokers.com, where VT Markets is positioned at #39 out of 62 brokers, while FXOpen ranks at #61, showcasing VT Markets as the more versatile choice for traders.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 87 |
| Forex Pairs (Total) | 39 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Both VT Markets and FXOpen provide comprehensive options for traders seeking diverse trading platforms and tools. With each offering a free virtual demo account, they accommodate novices and experienced traders alike by facilitating risk-free trading practice. Neither broker has developed its own proprietary platform, yet both offer standard choices such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, both brokers support Windows-based desktop and web-based platforms, and allow trades to be executed directly from a stock chart. For traders interested in social trading, each broker includes copy trading features, although only FXOpen supports ZuluTrade.
When it comes to charting tools, VT Markets offers more versatility with 30 drawing tools compared to FXOpen's 15. Both brokers provide watch lists with seven adjustable columns but differ in their overall ranking among peers; VT Markets is positioned at #47, slightly ahead of FXOpen's #53, according to ForexBrokers.com. Despite these differences, both are rated four out of five stars for their trading platforms and tools. Whether you choose VT Markets or FXOpen may ultimately depend on your preference for specific features like ZuluTrade and the variety of charting tools.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of VT Markets and FXOpen, both offer apps for iPhone and Android, ensuring accessibility for users on both platforms. Each app allows users to set stock or forex price alerts and create watchlists with real-time quotes. However, neither platform provides watchlist symbol syncing across devices, meaning changes made on one device won't automatically update on another. Charting capabilities are on par, with both brokers offering 30 technical studies and the ability to draw trendlines and view multiple time frames. On the downside, neither app auto-saves chart drawings, which may require users to redo their analyses.
In terms of user ratings, VT Markets and FXOpen both score 4 out of 5 stars for their mobile trading apps. Despite the same star rating, VT Markets is ranked slightly higher by ForexBrokers.com, coming in at #44 out of 62 brokers compared to FXOpen's rank of #54. This suggests a slight edge in user satisfaction or app features for VT Markets though both platforms deliver a comprehensive mobile trading experience with essential tools for traders.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing VT Markets and FXOpen for market research, both brokers offer daily market commentary and access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. However, VT Markets stands out by providing technical analysis tools from Trading Central, offering users insights into market trends that FXOpen does not. Furthermore, VT Markets offers a sentiment-based trading tool to analyze long or short positions across currency pairs, a feature not available with FXOpen. Both brokers do not use Autochartist, TipRanks, or Acuity Trading research tools, but they each provide an economic calendar for tracking global news events.
In terms of research ratings, VT Markets scores slightly higher with a 3.5-star rating, compared to FXOpen’s 3 stars. According to ForexBrokers.com, VT Markets is ranked #36 out of 62 brokers, showcasing a stronger position in market research compared to FXOpen's lower rank at #62. This comparison highlights VT Markets' edge in providing more comprehensive research tools, which can be pivotal for traders seeking detailed market insights.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between online brokers VT Markets and FXOpen, VT Markets stands out with a more comprehensive offering. VT Markets provides a minimum of 10 educational resources, including articles and videos focused on forex and CFDs, to help beginners grasp the fundamentals of trading. The platform also caters to entry-level traders with over 10 educational videos specifically designed for beginners. Although VT Markets does not conduct monthly webinars or maintain an archive of previous sessions, its investor dictionary, featuring definitions for over 50 investing terms, adds value for traders wanting to enhance their terminology knowledge.
FXOpen, on the other hand, offers fewer educational resources for newcomers. While it meets the basic requirement for an investor dictionary with more than 50 investing terms defined, it lacks the minimum number of educational articles and beginner-specific videos. Like VT Markets, FXOpen does not host regular webinars or provide an archive of past sessions. In terms of educational ratings, VT Markets scores slightly higher with 3.5 out of 5 stars, compared to FXOpen's 3 stars. According to ForexBrokers.com, VT Markets is ranked #55 for education out of 62 brokers, while FXOpen is positioned slightly lower at #58.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 VT Markets is better than FXOpen. VT Markets finished with an overall rank of #44, while FXOpen finished with an overall rank of #54.
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.
| Feature |
VT Markets
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 76 |
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Both VT Markets and FXOpen do not provide the option to purchase actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers VT Markets and FXOpen, both do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa/Mastercard, and bank wires as options for managing account funds.
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 | VT Markets | FXOpen | |
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| Trust Score | 70 | 76 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
| Broker Screenshots | VT Markets | FXOpen | |
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| Regulation | VT Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 70 | 76 | |
| Year Founded | 2016 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | VT Markets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | VT Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | VT Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 87 | |
| Forex Pairs (Total) | 39 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). |
| Cost | VT Markets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | VT Markets | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | VT Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | VT Markets | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | VT Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | VT Markets | FXOpen | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | VT Markets | FXOpen | |
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| Trust Score | 70 | 76 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
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