VT Markets vs TopFX 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).

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). TopFX is authorised by the following Tier-1 regulators: 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.

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

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

TopFX requires a minimum deposit of Depends on payment method 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. VT Markets offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas TopFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (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 Both VT Markets and TopFX hold 1 global Tier-1 licenses. VT Markets holds 1 global Tier-2 licenses, while TopFX 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 VT Markets (70) earned a higher Trust Score than TopFX (67).

To compare the trading platforms of both VT Markets and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX 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 TopFX:

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

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

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to VT Markets's 39 available pairs. If you are interested in trading a full range of securities, VT Markets offers traders access to 1000 tradeable symbols, while TopFX offers access to 655 tradeable symbols; so VT Markets offers 345 more tradeable symbols than TopFX.

We found in our testing that VT Markets offers a more diverse selection of investment options than TopFX, 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.