Written by ForexBrokers.com
In this head to head comparison of VT Markets vs iFOREX, 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.
VT Markets was established in 2016, while iFOREX has been in the market since 1996. Neither of these online brokers is publicly traded or operates as a bank. When evaluating their trustworthiness, ForexBrokers.com rates VT Markets with a Trust Score of 70, which falls into the average risk category. In contrast, iFOREX received a slightly higher Trust Score of 75, positioning it within the same average risk bracket. Despite their similar trust ratings, it's important to consider the subtle differences in their regulatory structures.
Both VT Markets and iFOREX hold one Tier-1 license, indicating a high level of trust from regulatory bodies. However, VT Markets has an additional Tier-2 license, whereas iFOREX does not hold any Tier-2 licenses. This distinction might appeal to traders who are looking for a broker with a broader regulatory footprint. Ultimately, both brokers offer a comparable level of regulatory assurance, but VT Markets edges slightly ahead with a wider regulatory presence through its additional licensing.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Year Founded | 2016 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
VT Markets offers two account types that differ in their cost structures: the Standard STP and the Raw ECN accounts. The Standard STP account is commission-free, which may appeal to traders looking to avoid direct fees; however, it comes with higher spreads, typically around 1.2 pips for the EUR/USD pair. On the other hand, the Raw ECN account features lower spreads, averaging an effective 0.83 pips, when including a modest round-turn commission. Both account types require a minimum deposit of only $100, making them accessible for entry-level traders.
In contrast, iFOREX does not provide average spread data, making it difficult for potential traders to gauge the cost effectiveness of trading with them. Based solely on the commission and fees structure, VT Markets has a considerable edge over iFOREX. VT Markets achieves a high rating of 4.5 stars in this category, while iFOREX trails behind with a 3-star rating. These differences are noteworthy for traders who closely consider cost implications in their trading strategy.
According to evaluations by ForexBrokers.com, VT Markets ranks as the 20th among 62 brokers in the Commissions and Fees category, indicating a competitive pricing structure within the industry. On the other hand, iFOREX finds itself much lower on the list, ranking 60th out of 62 brokers. This stark contrast highlights VT Markets as a more cost-efficient choice for those scrutinizing trading expenses.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 and iFOREX, both platforms provide opportunities for forex trading through CFDs or spot contracts. However, VT Markets offers a more extensive selection with 1,000 tradable symbols compared to iFOREX's 750. iFOREX shines in forex pairs, providing access to 88 pairs, while VT Markets offers 39. Neither broker allows clients to purchase exchange-traded securities on U.S. exchanges, but VT Markets gives clients the chance to trade on international exchanges, a feature not available with iFOREX. Additionally, VT Markets supports copy trading, unlike iFOREX, enhancing its appeal for those interested in mirroring successful trading strategies.
Both platforms accommodate cryptocurrency trading through derivatives, but do not permit the purchase of actual cryptocurrencies. Despite their unique features, each broker is rated 3.5 stars for their range of investments. In terms of ranking, VT Markets and iFOREX are positioned closely at #39 and #41, respectively, out of 62 brokers evaluated by ForexBrokers.com. This indicates a comparable level of investment diversity, with each broker presenting distinct advantages to different types of investors.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 39 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing the trading platforms and tools of VT Markets and iFOREX, several notable differences come to the fore. VT Markets allows traders to get hands-on training with a free virtual demo account, which iFOREX does not offer. For those who prefer downloadable software, VT Markets caters to this need with its Windows-based desktop platform, whereas iFOREX sticks to browser-based platforms only. VT Markets users have the option to trade using MetaTrader 4 and MetaTrader 5, which are popular among traders for their diverse tools and ease of use. In contrast, iFOREX provides a proprietary platform developed in-house. Furthermore, VT Markets supports copy trading, an attractive feature for those looking to follow the strategies of more experienced traders, while iFOREX does not.
Both VT Markets and iFOREX provide users with robust web-based trading platforms and allow trading directly from stock charts. VT Markets distinguishes itself by offering 30 drawing tools for charting, a boon for technical analysis enthusiasts, while iFOREX offers 25. In terms of watch list customization, iFOREX provides nine fields compared to VT Markets' seven. Although both brokers have a four-star rating for their trading platforms and tools, VT Markets ranks slightly higher, at 47th, compared to iFOREX's 54th position out of 62 brokers ranked by ForexBrokers.com. These details reflect VT Markets' broader range of offerings and functionalities that may appeal to both novice and seasoned traders alike.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 57 |
| Charting - Drawing Tools (Total) | 30 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of VT Markets and iFOREX, both brokers provide apps for iPhone and Android devices. However, they differ in several important features. VT Markets stands out by offering price alerts for stocks and forex, a crucial tool for staying updated on market movements, which iFOREX lacks. Both platforms do not support watchlist symbol syncing, but VT Markets enables users to access 30 technical studies for charting, whereas iFOREX does not provide specific details on this capability. Additionally, VT Markets allows users to draw trendlines and view multiple time frames on their charts, features that iFOREX's app does not support.
VT Markets offers the ability to create a watchlist with real-time quotes, which iFOREX’s app does not. Despite these differences, both apps receive the same rating of 4 out of 5 stars for mobile trading. According to ForexBrokers.com, VT Markets is ranked 44th out of 62 brokers for their mobile application offerings, while iFOREX is ranked slightly lower at 55th place. These rankings and features are essential considerations for traders seeking a more comprehensive mobile trading experience.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing VT Markets and iFOREX in terms of market research offerings, both brokers provide daily market commentary and access to a sentiment-based trading tool that highlights long and short positions in various currency pairs. While VT Markets excels by delivering forex news sourced from prestigious outlets like Bloomberg and Reuters, iFOREX lacks news access from such top-tier sources. On the technical analysis front, both brokers support tools from Trading Central, but neither utilizes Autochartist for further market insights.
Both VT Markets and iFOREX offer economic calendars, keeping traders informed about global news events and economic activities. Despite these similarities, VT Markets holds a slightly superior ranking at #36 compared to iFOREX's position at #48 among 62 brokers assessed by ForexBrokers.com. Their research offerings are equally rated at 3.5 stars, reflecting a similar overall quality of research tools and resources available to traders.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 it comes to educational resources for beginners, VT Markets and iFOREX both cater to new traders, though they have different offerings. VT Markets provides an ample collection of beginner-friendly educational materials, including more than 10 educational pieces focused on forex and CFDs and at least 10 beginner-specific videos to help new traders get started. Additionally, they offer a detailed investor dictionary with definitions of over 50 investing terms. However, VT Markets does not host monthly webinars or provide an archive of past sessions. Despite these limitations, they secure a rating of 3.5 out of 5 stars for educational content.
Similarly, iFOREX also furnishes more than 10 beginner-focused educational videos for those just starting in trading. Unlike VT Markets, iFOREX does not provide a diverse range of educational articles, videos, or an investors' dictionary for its users. Both brokers are similar in that neither offers monthly webinars or archives of recorded sessions. Like VT Markets, iFOREX also garners a 3.5-star rating in education and ranks slightly higher, at #53 compared to VT Markets at #55, among 62 brokers reviewed by ForexBrokers.com. In conclusion, while both brokers offer introductory materials, VT Markets stands out with its comprehensive educational articles and investor dictionary, albeit falling slightly behind in rankings.
| Feature |
VT Markets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. VT Markets finished with an overall rank of #45, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 75 |
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Both VT Markets and iFOREX do not offer the option to buy actual delivered cryptocurrencies, but they do provide opportunities to trade cryptocurrency derivatives.
When comparing online brokers VT Markets and iFOREX, neither offers ACH or SEPA transfers for deposits or withdrawals, VT Markets does not support PayPal while iFOREX does, both provide Skrill as an option, and both accept Visa, Mastercard, and bank wire transfers for transactions.
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 | iFOREX | |
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| Trust Score | 70 | 75 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
| Broker Screenshots | VT Markets | iFOREX | |
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| Regulation | VT Markets | iFOREX | |
|---|---|---|---|
| Trust Score | 70 | 75 | |
| Year Founded | 2016 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 750 | |
| Forex Pairs (Total) | 39 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | VT Markets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 15 | 57 | |
| Charting - Drawing Tools (Total) | 30 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | VT Markets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | VT Markets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | VT Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 70 | 75 | |
| Winner | check_circle | ||
| Review | VT Markets Review |
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