Written by ForexBrokers.com
In this head to head comparison of VT Markets vs TopFX, 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 2016, VT Markets holds a Tier-1 license, granting it a level of high trust, and a Tier-2 license, marking it as trusted. Despite not being publicly traded or a bank, VT Markets manages a Trust Score of 70 out of 99 according to ForexBrokers.com, placing it in the average risk category. This regulatory footing offers VT Markets a reliable foundation for its clients, making it a viable option for those seeking a balanced approach to online trading.
TopFX, which began operations in 2010, also possesses a Tier-1 license but lacks a Tier-2 license. This setup provides it with significant trust accorded by its high-tier license, yet its trust score from ForexBrokers.com is slightly lower at 67, still falling within the average risk range. While it shares some regulatory similarities with VT Markets, TopFX offers its own unique offerings in the trading world, also operating outside of being publicly traded or as a bank.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Year Founded | 2016 | 2010 |
| 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 types of accounts—Raw ECN and Standard STP—providing different trading cost structures. The Standard STP account is commission-free, but it comes with higher spreads, typically 1.2 pips on the EUR/USD. In contrast, the Raw ECN account features lower effective spreads, around 0.83 pips, factoring in both commissions and spreads. Both accounts have a minimum deposit requirement of $100, appealing for new and seasoned traders looking to manage their entry costs. VT Markets is rated 4.5 out of five stars for its commissions and fees and is ranked 20th among 62 brokers in this category by ForexBrokers.com.
TopFX provides two account options available on MetaTrader and cTrader platforms: the spread-only ZERO account and the commission-based RAW account. The RAW account costs include a commission of 2.75 EUR per side, bringing the round-turn total to 5.50 EUR. This account features competitive all-in costs of roughly 0.88 pips for the EUR/USD, offering value in line with the industry average. The ZERO account, however, has no commission but higher spreads on average, about 1.03 pips for the same currency pair. TopFX holds a 4-star rating for commissions and fees and is ranked 40th out of 62 brokers by ForexBrokers.com.
When comparing VT Markets and TopFX, both offer competitive trading costs tailored to different investment strategies. VT Markets excels with a higher star rating and a more favorable ranking, highlighting its attractive trading cost balance between commission and spread-based accounts. TopFX provides flexible pricing models suitable for both minuscule and moderate trading volume preferences through its lower spread RAW account and the commission-free ZERO account. Traders can choose based on their preference for immediate cost management and platform compatibility.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.2 | 1.03 |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 |
| 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 the range of investments offered by VT Markets and TopFX, both platforms provide forex trading available as CFDs or spot contracts. VT Markets boasts a wider array of tradable symbols, with a total of 1,000, compared to TopFX's 655. However, TopFX edges ahead in offering more tradable forex pairs, providing 60 pairs against VT Markets' 39. Neither broker offers exchange-traded securities on U.S. exchanges, such as Apple shares, but VT Markets allows trading of international securities like Vodafone shares, a feature not available with TopFX. Additionally, both brokers support copy trading, enhancing options for clients seeking diverse investment strategies with less effort.
For cryptocurrency enthusiasts, both VT Markets and TopFX offer derivative trading of cryptocurrencies but not direct ownership of digital coins. Despite their similarities in some areas, the edge in investment variety goes to VT Markets with its more extensive list of tradable symbols and international securities, which reflects in its higher ranking in ForexBrokers.com's Range of Investments category, ranking 39th compared to TopFX's 46th. Nonetheless, both platforms receive a similar rating of 3.5 stars out of five for their investment range, offering competitive choices for traders depending on their specific needs and preferences.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 655 |
| Forex Pairs (Total) | 39 | 60 |
| 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). | 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 VT Markets and TopFX in terms of their trading platforms and tools, both brokers offer similar foundational features but differ slightly in their offerings and rankings. Both VT Markets and TopFX provide essential features like simulated trading with a virtual demo account, access to widely-used MetaTrader 4 (MT4), and the convenience of trading directly from stock charts. While both do not offer proprietary platforms, they each support Windows-based desktop platforms and web-based trading options. Additionally, both brokers facilitate copy trading but lack support for DupliTrade and ZuluTrade. A notable difference is VT Markets' inclusion of MetaTrader 5 (MT5), giving users access to an advanced trading platform not available with TopFX.
Examining charting tools and customizability, VT Markets stands out with 30 drawing tools compared to TopFX's 15, offering more flexibility for technical analysis. However, both brokers provide identical watch list customization with seven column fields. According to ForexBrokers.com, both trading platforms and tools offerings share an identical rating of 4 out of 5 stars. Nonetheless, TopFX slightly edges out VT Markets in their rankings by holding the 44th position compared to VT Markets' 47th spot out of 62 brokers. This suggests that despite the similarity in services, TopFX may offer a slightly better user experience in terms of trading platforms and tools.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
Both VT Markets and TopFX offer mobile apps for iPhone and Android devices, allowing users to trade on-the-go with ease. These apps provide similar features, such as stock and forex price alerts and the ability to create watchlists with real-time quotes. Each app supports comprehensive charting capabilities, offering 30 technical studies and the functionality to draw trendlines and view multiple time frames. However, if you rely on auto-saving chart annotations, you might prefer TopFX, as it supports this feature, while VT Markets does not. Neither platform offers watchlist symbol syncing across devices, which may be a consideration for traders who frequently switch between their mobile app and desktop browser.
Rated four stars for their mobile trading experience, both brokers provide competitive apps. However, there's a slight distinction in how they're ranked by ForexBrokers.com: VT Markets comes in at position 44 among 62 brokers, while TopFX holds the 51st spot. Despite the similar star ratings, VT Markets holds a marginally higher ranking, suggesting a slightly stronger market perception in this category. Overall, choosing between VT Markets and TopFX for mobile trading may depend on specific features you prioritize, such as chart auto-save capabilities.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, VT Markets stands out by providing daily market commentary, an advantage it holds over TopFX, which does not offer this feature. Both brokers ensure their clients have access to forex news from prestigious sources like Bloomberg and Reuters. Although neither company offers research tools from TipRanks or Acuity Trading, VT Markets gives traders access to Trading Central tools, and both platforms provide sentiment-based trading features and economic calendars. However, only TopFX includes technical and fundamental analysis tools from Autochartist in its suite, which VT Markets does not.
Evaluating their research ratings, VT Markets scores 3.5 stars while TopFX garners 3 stars. This slight edge is reflected in their respective rankings by ForexBrokers.com, where VT Markets is placed at #36 among 62 brokers, while TopFX is lower at #59. Despite these differences, each broker offers valuable research tools tailored to different trading needs, making the choice dependent on individual trader preferences.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 stands out compared to TopFX. VT Markets provides over ten educational resources such as articles, videos, and archived webinars focused on forex and CFDs. Additionally, they offer more than ten beginner-friendly videos that cover fundamental trading topics. These resources can be highly beneficial for newcomers who are looking to build a solid foundation in trading. VT Markets even provides an investor dictionary with definitions for over 50 investing terms, making it easier for beginners to grasp important concepts. In contrast, TopFX does not meet the minimum threshold for educational content, as they do not offer a sufficient number of resources aimed specifically at novice traders.
Moreover, neither VT Markets nor TopFX offers live monthly webinars or archives of previously recorded sessions, which might limit the learning experience for traders seeking interactive or on-demand content. When it comes to educational ratings, VT Markets scores slightly better than TopFX, with a rating of 3.5 stars out of five, compared to TopFX's 3 stars. In a broader comparison among 62 brokers, VT Markets ranks higher at 55th place for education, whereas TopFX ranks lower at 60th. This information highlights VT Markets as a more resource-rich platform for beginners, offering a bit more educational support than TopFX.
| Feature |
VT Markets
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. VT Markets finished with an overall rank of #44, while TopFX finished with an overall rank of #61.
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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 67 |
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Both VT Markets and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
While both VT Markets and TopFX provide options to deposit or withdraw funds via Skrill, Visa/Mastercard, and bank wires, only TopFX supports PayPal, whereas neither broker offers 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 | VT Markets | TopFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | TopFX Review |
| Broker Screenshots | VT Markets | TopFX | |
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| Regulation | VT Markets | TopFX | |
|---|---|---|---|
| Trust Score | 70 | 67 | |
| Year Founded | 2016 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 655 | |
| Forex Pairs (Total) | 39 | 60 | |
| 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). | 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | VT Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | VT Markets | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | VT Markets | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | VT Markets | TopFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | TopFX Review |
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