VT Markets is a forex and CFD brand. International clients deal with VT Markets Limited, which says it is licensed as an investment dealer by the Financial Services Commission of Mauritius. VT Markets (Pty) Ltd, a South African financial services provider, acts as an intermediary for the Mauritius company, and its Dubai branch holds a UAE licence to introduce and promote only. A Cyprus company, VTMarkets Ltd, handles payments. VT Markets does not say who owns the companies.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Financial Sector Conduct Authority (FSCA) | FSP 50865 | VT Markets (Pty) Ltd | Authorised Checked 26 Oct 2026 | Register entry for VT Markets (Pty) Ltd (opens in a new tab) 2 |
| Capital Market Authority (CMA) | 20200000299 | VT Markets (PTY) Ltd, Dubai Branch | Authorised Checked 26 Oct 2026 | Register entry for VT Markets (PTY) Ltd, Dubai Branch (opens in a new tab) 3 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
VT Markets’ South African and UAE licences match their regulators’ records; we could not check the Mauritius licence of VT Markets Limited, the company that serves international clients. Its November 2023 agreement says payments for trading are not client money, makes negative balance relief discretionary and, like the South African agreement, refers complaints to a document that is missing, while the website says client funds are safeguarded and insured through Lloyd’s for up to USD 1 million. No compensation scheme applies; clients can take disputes to the Financial Commission, a private body. VT Markets names no owners, directors or banks and publishes no financial statements. Italy’s Consob ordered VT Markets Limited four times between May 2025 and February 2026 to stop serving Italian investors through vtmarkets.com and Italian-language sites, and regulators in the UK, Hong Kong, Canada, Belgium, France, Denmark, Japan, India and Malaysia list VT Markets as unauthorised in their markets.
The two licences we could check are current, with no suspension or restriction shown.
The footer and documents give the full name, registration number and registered office of the South African, Mauritius and Cyprus companies; the South African details match GLEIF and the FSCA register.
VT Markets says clients with an unresolved dispute can go to the Financial Commission, which lists VT Markets as an active member since 30 January 2024, although its page does not say which companies are covered and the agreements name no dispute body.
The client agreements of VT Markets Limited and VT Markets (Pty) Ltd can be read on vtmarkets.mu without an account.
Every page carries a risk warning that CFD losses may exceed the initial investment, and neither the FSC Mauritius nor the FSCA requires the share of losing accounts.
Reduced the enforcement dimension by 10 points (moderate severity, 0.7 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 0.3 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 0.7 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 1.6 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 123
We matched VT Markets (Pty) Ltd on the FSCA’s register (FSP 50865) and its Dubai branch on the UAE Capital Market Authority’s register. We could not check the Mauritius licence of VT Markets Limited, which serves international clients, because the FSC Mauritius register refused our requests.
Permissions cover the services offered 12345
The FSCA approves the South African company for advice and intermediary services only, which matches the footer’s statement that it is an intermediary and not the counterparty, but its June 2025 agreement describes it as a broker providing trading in derivatives on the same terms as the Mauritius dealer. The UAE branch is licensed only to introduce and promote. We could not see the permissions of the Mauritius company, which deals with clients.
Clients can tell which regulated entity serves them 1578
The footer names each company and its role and says the South African company only introduces clients to VT Markets Limited, the product supplier. But the South African agreement presents that company as the broker clients trade with, vtmarkets.mu names only the Mauritius company while publishing both companies’ agreements, and the site does not say which clients sign with which company.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Group structure is explained 1
The site calls VT Markets a global brand of several entities and explains each company’s role, including the South African company acting as intermediary for the Mauritius company and the Cyprus company handling payments, but does not say how the companies are owned or related.
Directors or senior managers are identified 2311
The UAE register names Heena Pavan Sharma as board member and manager of the Dubai branch, and the FSCA register shows only a compliance officer and no key individuals for the South African company. VT Markets names no directors or senior managers, and we found none for VT Markets Limited.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 5912
The Mauritius and South African agreements put client money in a segregated account only when the law requires it, say payments for orders, margin and deposits are not client money, and let the company pass such money to execution providers and keep interest on segregated money. The Mauritius risk notice says funds are held in segregated accounts unless otherwise agreed, but the agreement treats trading payments otherwise.
Retail clients have negative balance protection 5913
Both agreements leave it to the company’s discretion to credit a negative balance caused by a market gap, for private clients only and not in abnormal market conditions, and both key facts summaries say a client must fund a negative balance back to zero.
An investor compensation scheme applies 6914
No investor compensation scheme covers clients of the Mauritius or South African companies. The Financial Commission’s fund only pays its own awards, up to €20,000 per client, if a member fails to pay, and we did not see the Lloyd’s insurance policy the site describes.
Withdrawal terms are disclosed 913
The agreements set out when withdrawals may be withheld and that they go only to accounts in the client’s name, and the key facts summary says VT Markets charges no deposit or withdrawal fees. The methods and processing times are in a help centre we could not read.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 27 points.
Warning lists and enforcement records have been searched 15161718
We searched CySEC, FCA, CVM, KNF, CNMV and Consob records, the warning lists of the AMF, FSMA, Danish FSA, SFC and Canadian regulators and the Indian, Malaysian and Japanese lists, and ran web searches. We found the Consob orders and the warnings recorded here.
FCA warns that VT Markets and vtmarkets.com are not authorised in the UK 15
21 Jun 2023. Reduced the enforcement dimension by 1 points (low severity, 3.3 years before the review, counted at half weight).
Hong Kong’s SFC adds the VT Markets companies to its alert list of unlicensed entities 17
10 Jul 2026. Reduced the enforcement dimension by 2 points (low severity, 0.3 years before the review).
Québec’s AMF warns that VT Markets is not authorised to solicit investors in Québec 27
18 Feb 2026. Reduced the enforcement dimension by 2 points (low severity, 0.7 years before the review).
Belgium’s FSMA advises against offers from VT Markets 28
19 Mar 2025. Reduced the enforcement dimension by 2 points (low severity, 1.6 years before the review).
Listed on the AMF’s blacklist of unauthorised Forex websites 29
27 Jan 2025. Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).
Danish FSA warns against trading securities with VT Markets 30
30 Sept 2024. Reduced the enforcement dimension by 2 points (low severity, 2.1 years before the review).
On the British Columbia Securities Commission’s investment caution list 31
30 Apr 2024. Reduced the enforcement dimension by 2 points (low severity, 2.5 years before the review).
Warned by Japan’s Financial Services Agency for soliciting derivatives business without registration 32
31 May 2023. Reduced the enforcement dimension by 1 points (low severity, 3.4 years before the review, counted at half weight).
Named on the Reserve Bank of India’s alert list of unauthorised forex platforms 33
19 Nov 2025. Reduced the enforcement dimension by 2 points (low severity, 0.9 years before the review).
Listed on the Securities Commission Malaysia Investor Alert List 34
1 Jan 2021. Reduced the enforcement dimension by 1 points (low severity, 5.8 years before the review, counted at half weight).
Philippine SEC advisory reported against VT Markets 35
19 Jan 2026. Shown but not counted: it is not yet supported by a regulator, court or official record.
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
A complaints procedure is published 591319
The Dubai branch publishes a complaints policy with acknowledgement within seven business days and a reply within thirty. The Mauritius key facts summary only says to contact the account manager or support team, and both client agreements refer complaints to a document that is missing.
Independent dispute resolution is available 91420
VT Markets says clients with an unresolved dispute can go to the Financial Commission, which lists VT Markets as an active member since 30 January 2024, although its page does not say which companies are covered and the agreements name no dispute body.
Independent complaint outcomes show no adverse pattern 18
VT Markets has no UK company, so there are no Financial Ombudsman Service decisions, and we did not find published decisions of other dispute bodies.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Costs are disclosed before account opening 91321
VT Markets publishes minimum spreads and commissions by account, share CFD transaction fees and the swap-free administration fee, says it charges no conversion, deposit or withdrawal fees, and sets the financing rate at its liquidity provider’s rate plus 3.5% a year, but we found no swap rates or inactivity terms.
An order execution policy is published 132223
The Mauritius execution policy sets out the execution factors and says orders go straight through to liquidity providers, one of which shares shareholders with VT Markets, but names none of them, and the key facts summary says the company may act as market maker, while the account pages promise no dealing desk.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Marketing claims are accurate and attributable 468911132225
The site says VT Markets safeguards and then insures client funds for up to USD 1 million and calls the Financial Commission a regulatory protection scheme, while its agreements say payments for trading are not client money and we did not see the insurance policy. It claims 400,000 clients and USD 400 million safeguarded on one page and over 600,000 active clients and USD 720 billion of monthly volume on another, without a source, and promises no dealing desk while its key facts summary allows market making. Its awards are attributed to named organisers.
An address and working contact channels are published 123719
VT Markets publishes an email address, a telephone number and each company’s registered address, but the FSCA register gives the South African company a Sandton address, not the Claremont one, and the Dubai branch’s complaints policy gives an office at The Binary in Business Bay while the UAE register gives Boulevard Plaza, Downtown Dubai.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Financial Services Commission, Mauritius (FSC) · Reference GB23202269 1
Investment dealer (full service dealer, excluding underwriting)
Stated by VT Markets. The FSC Mauritius website and register put automated requests through a bot check, so we did not read them.
Financial Sector Conduct Authority (FSCA) · Reference FSP 50865 2
Category I: advice and intermediary services in derivative instruments, intermediary services in forex investment
Authorised since 9 September 2020. The FSP register covers advice and intermediary services; we did not check the separate list of authorised over-the-counter derivative providers.
Capital Market Authority (CMA) · Reference 20200000299 3
Category 5: introduction and promotion
The register shows the branch, established on 13 June 2023, and its introduction and promotion licences as active but does not display a licence number; 20200000299 is the number VT Markets gives.
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
On 10 July 2026 the Securities and Futures Commission added VT Markets, VT Markets (Pty) Ltd, VT Markets Limited and VT Markets Ltd (www.vtmarkets.com, www.vtmarketsglobal.com, www.vtmarkets.net) to its alert list, saying the companies are not licensed in Hong Kong and may not actively market regulated services to the Hong Kong public.
On 18 February 2026 Québec’s Autorité des marchés financiers warned that VT Markets (vtmarkets.com) is not registered with it and is not authorised to solicit investors in Québec. The alert is published on the Canadian Securities Administrators’ site.
Between 21 May 2025 and 12 February 2026 Italy’s Consob adopted four resolutions (23566, 23688, 23746 and 23874) ordering VT Markets Limited of Mauritius, which is not authorised in Italy, to stop providing investment services to the Italian public through www.vtmarkets.com and www.vtmarkets.net, then through www.vtmarketsit.com, www.vtmarkets-it.net and www.vtmarkets-it.com, Italian-language sites with similar content offering accounts to trade forex, indices, ETFs, CFDs and commodities. We record them as one finding, dated by the latest resolution.
BusinessWorld reported on 19 January 2026 that the Securities and Exchange Commission had issued an advisory saying VT Markets, operating under names including VT Markets (Pty) Ltd. and VT Markets Ltd., is not registered in the Philippines and lacks authority to sell securities. We could not access the SEC’s own advisory, so this finding rests on a press report and is not counted in the score.
The Reserve Bank of India’s Alert List, updated as on 19 November 2025, includes VT Markets (www.vtmarkets.com) among entities that are neither authorised to deal in forex under the Foreign Exchange Management Act nor authorised to operate a forex trading platform in India. The list warns residents but does not allege fraud.
In a warning about fraudulent trading platforms promoted through fake celebrity advertisements, published on 19 March 2025, Belgium’s Financial Services and Markets Authority listed VT markets (www.vtmarkets.com, www.vtmarkets.net) among the trading platforms whose offers it strongly advises the public not to respond to. The FSMA did not mark the entry as a clone.
France’s Autorité des marchés financiers added eu.vtmarkets.com to its Forex blacklist on 5 April 2023 and vtmarketsfr.com, a French-language site carrying the VT Markets companies’ details, on 27 January 2025, as sites offering financial services or products without authorisation. We record both entries as one finding, dated by the later entry.
On 30 September 2024 Denmark’s Finanstilsynet warned that VT Markets (www.vtmarkets.com), which was being marketed to Danish consumers through the iGenius network, has no authorisation to operate as an investment firm in Denmark, so its Danish clients are not covered by the Danish Financial Complaint Board or the Danish Guarantee Fund.
On 30 April 2024 the British Columbia Securities Commission added VT Markets (vtmarkets.com, vtmarkets.net) to its investment caution list, saying it accepts British Columbia residents as clients and is not registered to trade in, or advise on, securities or derivatives in the province.
On 21 June 2023 the FCA added VT Markets (www.vtmarkets.com and www.tryvtmarkets.com) to its warning list as a firm that is not authorised and may be targeting people in the UK, noting that its clients have no access to the Financial Ombudsman Service or the FSCS. The warning was last updated on 2 September 2025 and was still published when we checked on 26 October 2026.
On 31 May 2023 Japan’s Financial Services Agency warned VT Markets, giving a head office in Kingstown, St. Vincent and the Grenadines, and a Taipei office, for soliciting over-the-counter derivatives trading over the internet without registration in Japan under the service name “VT Markets”.
The Securities Commission Malaysia’s Investor Alert List includes “VT Markets” (www.vtmarkets.com/my/) for carrying on unlicensed capital market activities of dealing in securities. The list records the entry under the year 2021 without a specific date; we use 1 January 2021. The entry was still on the list when we checked on 26 October 2026.
Firms can respond to their profile and to any finding. No response has been published for VT Markets. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 26 Oct 2026 | Trust score 60 out of 100 Mixed | 1.2 | Current |
No corrections have been made to this profile.
An archived copy, taken on 9 October 2026, of www.vtmarkets.com, which the archive’s crawler was sent on to the /en-ca/ edition. The footer calls VT Markets a global brand comprising multiple entities: VT Markets (Pty) Ltd, an authorised financial services provider (FSCA FSP 50865, company 2015/072049/07, 18 Cavendish Road, Claremont, Cape Town) that is not the market maker or product issuer and acts solely as an intermediary between the client and VT Markets Limited, the product supplier; its Dubai branch, licensed by the UAE Capital Market Authority (licence 20200000299) for introduction and promotion only; VT Markets Limited, a full-service investment dealer (excluding underwriting) licensed by the FSC of Mauritius (GB23202269) at The Catalyst, Level 2, Suite 201, Ebene; and VTMarkets Ltd (Cyprus, HE436466, 160 Archbishop Makarios III Avenue, Limassol), which facilitates payment services and offers no regulated products. The risk warning gives no share of losing accounts. www.vtmarkets.com refused our automated requests with a Cloudflare check, so we read the copy kept by the Internet Archive; a copy of the root page taken on 18 June 2026 lists the same companies.
The FSCA’s FSP search lists VT MARKETS (PTY) LTD, a private company registered as 2015/072049/07, as an authorised financial services provider under number 50865 since 9 September 2020, physical address Norwich Place West, 2nd Floor, Sandown, Sandton, approved under Category I for advice and intermediary services in derivative instruments and intermediary services in forex investment. It shows a compliance officer, Mr AJN Carstens, and no representatives or key individuals.
Lists VT Markets (PTY) Ltd-Dubai Branch (CP-0001215) as active, established on 13 June 2023, at Boulevard Plaza, Tower 1, Office 3002, Downtown Dubai, with active licences for introduction and promotion. Heena Pavan Sharma is its board member, manager and head of the fifth category (arrangement and advice). The register does not display a licence number.
Says VT Markets Pty Ltd, Dubai Branch is licensed by the UAE Capital Market Authority as a Category 5 introducer and promoter, that clients may be introduced to the trading platform operated by VT Markets Limited (FSC Mauritius GB23202269) and that such trading is not governed by UAE regulations. It calls VT Markets a regulated multi-asset broker present in over 160 countries and lists “Funds insured up to USD1M”. It publishes the branch’s referral agreement, complaints policy and risk disclosures.
Version June 2025 (the month is given, so we use 1 June). Describes VT Markets (Pty) Ltd as “a regulated broker company providing trading in financial and commodity-based derivative instruments” authorised by the FSCA under FSP 50865, and VTMarkets Ltd of Cyprus as a payment services company. Its terms follow the Mauritius agreement: payments for trading are not client money, negative balance relief is discretionary, amendments bind after 10 days or on the next order, and the dispute clause refers to a missing document. Governed by South African law. Its key facts summary says a client must fund a negative balance back to zero.
Says all client funds are automatically insured for up to USD 1,000,000 per account against broker insolvency, under a policy arranged through Willis Towers Watson and underwritten at Lloyd’s of London, and that this cover works “in tandem with other regulatory protection schemes, such as the Financial Commission and Compensation Fund”. It does not cover trading losses. We did not see the policy.
The footer’s regulatory information names only VT Markets Limited, a full-service investment dealer (excluding underwriting) licensed by the FSC of Mauritius under GB23202269, at 40 Silicon Avenue, The Catalyst, Level 2, Suite 201, Ebene. It gives a customer service email and the telephone number +27 101412968, a South African number, and warns that CFD losses may exceed the initial investment. The site’s robots file asks crawlers to wait 10 seconds between requests, which we did.
Publishes the client agreement, key facts summary, best execution, conflicts of interest, privacy and risk disclosure documents of VT Markets (Pty) Ltd (FSCA 50865) and of VT Markets Limited in Mauritius (FSC GB23202269), with the Mauritius AML manual. It says VT Markets is “Trusted by more than 400,000 clients to safeguard over $400 million” and “First, we safeguard your funds. Then, we insure them. With coverage up to $1,000,000”, without a source. An archived copy of the same page on vtmarkets.com (14 May 2026) lists only the Mauritius documents and the UAE licence. No complaints policy is listed.
Agreement of VT Markets Limited (company 201902 GB, Level 2, Suite 201, The Catalyst, Ebene), investment dealer licensed by the FSC under GB23202269, version November 2023 (the month is given, so we use 1 November). Client money is paid into a segregated account only when the law requires; payments for orders, margin calls or deposits are “not client money” but buy reciprocal obligations, and such money may be passed to third-party execution providers. The company keeps the interest on segregated money. A negative balance caused by a market gap may be credited at the company’s discretion, for private clients only and not in abnormal market conditions. Margin call starts at 100% of required margin and positions are closed at 50%. Amendments bind clients 10 days after notice or on their next order. The dispute clause refers to a missing document (“Please refer to for further information”) and names no dispute body. No fee is charged on currency conversions. Governed by Mauritius law. The archived copies of this document on vtmarkets.com are older than 12 months; this copy was read on vtmarkets.mu.
Records VT MARKETS, registered in South Africa as 2015/072049/07 on 13 March 2015, at 18 Cavendish Road, Claremont, Cape Town, fully corroborated. It reports no parent company, giving the reason that no parent consolidates it.
Says VT Markets has operated since 2015 and claims over 600,000 active clients, 60 million trades and USD 720 billion of trading volume a month, without a source. It names no owners, directors or managers.
Warns that clients can lose more than their invested capital and that a CFD can only be closed with the same counterparty, and says that unless otherwise agreed in writing client funds are held in segregated bank accounts, subject to the regulator’s client money rules where applicable.
Says VT Markets provides execution-only services and sets prices based on those of its hedging partners, acting as a market maker “mainly due to system failure”. Charges include commissions, spread mark-ups and overnight financing; swap-free accounts pay an administration fee of the liquidity providers’ fees plus about 10%; share CFDs carry transaction fees (USD 6 per US share trade, the greater of HKD 50 or 0.25% for Hong Kong shares, 0.08% with a AUD 8 minimum for Australian shares); VT Markets charges nothing for deposits or withdrawals. A client whose account goes negative must fund it back to zero. Complaints go to the account manager or the support team through the contact page; no response times or external body are given.
The Financial Commission, a private dispute resolution organisation, lists VT Markets as an active member registered on 30 January 2024, with a compensation fund of €20,000 per client. The page does not say which VT Markets companies are covered. The fund only pays Financial Commission awards a member fails to pay; it is not a compensation scheme.
First published on 21 June 2023 and last updated on 2 September 2025: VT Markets (websites www.vtmarkets.com and www.tryvtmarkets.com) is not authorised by the FCA and may be targeting people in the UK; people who deal with it have no access to the Financial Ombudsman Service or the FSCS.
Recites resolutions 23566 of 21 May 2025, 23688 of 1 October 2025 and 23746 of 5 November 2025, by which Consob ordered VT Markets Limited to stop providing investment services in Italy through www.vtmarkets.com and www.vtmarkets.net, www.vtmarketsit.com and www.vtmarkets-it.net, and finds that a fourth Italian-language site, www.vtmarkets-it.com, with a similar domain, content and layout, is attributable to VT Markets Limited of Mauritius. It orders the cessation of the violation through that site and myaccount.vtmarkets-it.com.
Added on 10 July 2026 as unlicensed entities (websites www.vtmarkets.com, www.vtmarketsglobal.com and www.vtmarkets.net): the companies are not licensed by or registered with the SFC and may not carry on regulated activities in Hong Kong or actively market such services to the Hong Kong public.
On 26 October 2026 we searched CySEC’s 1,173 board decisions, the FCA’s list and warnings, the CVM’s declaratory acts, KNF’s lists, the CNMV’s warned-companies search, Consob’s resolutions, the Reserve Bank of India’s alert list (19 November 2025), Bank Negara Malaysia’s and the Securities Commission Malaysia’s alert lists, the Japan FSA’s list of warned unregistered firms (25 September 2026), the AMF, FSMA, Danish FSA and SFC warning lists and the Canadian regulators’ alerts for VT Markets, VTMarkets and the company names, and ran web searches for actions by the FSCA, ASIC and others. We found the Consob orders and the warnings and alert-list entries recorded here; the CNMV search returned nothing, and we found no FSCA or CySEC action.
For clients introduced by the Dubai branch: complaints go in writing to customer support or compliance.mena@vtmarkets.com, are acknowledged within seven business days and answered within thirty, extendable by thirty more. It names no external dispute body. It gives the branch’s address as The Binary by Omniyat, First Floor, Office 1112, Business Bay, Dubai, and in some page headers still calls the regulator the Securities and Commodities Authority.
Says VT Markets is a member of the Financial Commission, an independent external organisation that resolves disputes, that clients with an unresolved dispute may refer it to the Financial Commission in accordance with the client agreement, and that its Compensation Fund covers Financial Commission judgments up to €20,000 per client.
Compares the Standard STP account (spreads from 1.2 pips, no commission, USD 100 minimum) and the RAW ECN account (from 0.0 pips, USD 6 per lot round turn), both with leverage of up to 1000:1 in the swap-free table, and a cent account. It gives no swap rates or margin call and stop-out levels.
Describes the account as having no dealing desk, with trades executed directly through liquidity providers, spreads from 1.2 pips (its FAQ says from 1.4 pips) and leverage of up to 500:1, which may vary by asset class and jurisdiction. The RAW ECN page (/raw-ecn/) also gives up to 500:1.
Orders are passed straight through to various liquidity providers, which are also the company’s technology providers, and the policy sets out the execution factors, slippage and monitoring. It does not name the liquidity providers and says one of them has shareholdings in common with VT Markets, a conflict it manages. VT Markets does not receive payment for order flow. A conflicts of interest policy is published.
Publishes dated notices to clients, for example an April 2026 notice cutting leverage on US share CFDs from 33:1 to 20:1, server maintenance, futures rollovers and holiday trading hours.
Lists awards from 2019 to 2025, each attributed to the organiser, such as Finance Derivative Awards, World Business Outlook, Global Excellence Chronicle Magazine, Brand Review Magazine, FX Empire and ADVFN International Financial Awards.
Consob found that www.vtmarkets.com sent Italian-language users to www.vtmarkets.net, which offered accounts to trade forex, indices, ETFs, CFDs and commodities with no mechanism to stop registrations from Italy, and that the site appeared attributable to VT Markets Limited of Mauritius, which is not authorised to provide investment services in Italy. It ordered the cessation of the violation of article 18 of the Consolidated Law on Finance through those sites and the related pages myaccount.vtmarkets.net and social.vtacademy.net.
An archived copy, taken on 13 March 2026, of the Canadian Securities Administrators’ alert page: on 18 February 2026 Québec’s Autorité des marchés financiers warned that VT Markets (vtmarkets.com, purported base Cape Town) is not registered with it and is not authorised to solicit investors in Québec. The live page puts automated requests through a bot check, so we read the archived copy.
Published on 19 March 2025, a warning about fraudulent trading platforms promoted through fake celebrity advertisements. VT markets (www.vtmarkets.com, www.vtmarkets.net) is among the trading platforms whose offers the FSMA strongly advises against responding to; it is not marked as a clone, unlike some other entries.
The AMF’s Forex blacklist includes eu.vtmarkets.com (added on 5 April 2023, page /en/warnings/blacklists/forex/euvtmarketscom) and vtmarketsfr.com (added on 27 January 2025) as sites offering financial services or products without authorisation in France. An archived copy of vtmarketsfr.com (1 January 2026) carries the VT Markets companies’ details in French.
Published on 30 September 2024: VT Markets’ investment services were being marketed to Danish consumers through the iGenius network; VT Markets (www.vtmarkets.com) has no authorisation to operate as an investment firm in Denmark, so its Danish clients have no access to the Danish Financial Complaint Board or the Danish Guarantee Fund.
Published on 30 April 2024: VT Markets (vtmarkets.com, vtmarkets.net) accepts British Columbia residents as clients and is not registered to trade in, or advise on, securities or derivatives in the province.
Lists VT Markets, with a head office at First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines, and a Taipei office, warned in May 2023 for soliciting over-the-counter derivatives trading over the internet without registration in Japan under the service name “VT Markets”. Another entry on the list gives the warning date as 31 May 2023.
Lists entities not authorised to deal in forex or operate forex trading platforms in India. Entry 41 is VT Markets, https://www.vtmarkets.com.
Includes an entry dated 2021 for “VT Markets” (https://www.vtmarkets.com/my/) for carrying on unlicensed capital market activities of dealing in securities.
Reports that the Philippine Securities and Exchange Commission issued advisories against several platforms, including VT Markets, operating under names including VT Markets (Pty) Ltd. and VT Markets Ltd., which it said is not registered in the Philippines, lacks authority to sell securities and operates through mobile apps.
Tell us about an error or send evidence. We read every report.