Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the remaining affected products:
Note: The dash sign (-) indicates normal trading hours.
Friendly Reminder:
1. The above data is for reference only, please refer to the MT4/MT5 software for specific data.
2. VT Markets’ MT4/MT5 server time is scheduled to be adjusted from GMT+2 to GMT+3 on 10th March, in alignment with the upcoming daylight saving time. We kindly advise all clients to be aware of the forthcoming announcements for further details regarding specific adjustments.
If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.
Written on February 29, 2024 at 9:40 am, by anakin
Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.
Please refer to the table below for more details:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.
If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.
Written on February 29, 2024 at 9:02 am, by anakin
On Wednesday, stocks saw a decline as investors awaited an important inflation report due later in the week, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experiencing losses. Notable decliners included UnitedHealth, Intel, Alphabet, and Urban Outfitters, the latter due to disappointing quarterly results. The market’s attention is now on January’s forthcoming personal consumption expenditure (PCE) data, a crucial inflation indicator for the Federal Reserve. This anticipation comes amid mixed movements in the currency market, where the dollar index made slight gains while investors closely monitor upcoming inflation reports from the U.S. and the eurozone. These reports are pivotal for future monetary policy and interest rate expectations, especially with predictions leaning towards rate cuts by the Federal Reserve and the European Central Bank (ECB) within the year, amidst contrasting inflationary trends in the U.S. and eurozone.
Stock Market Updates
Stocks experienced a decline on Wednesday as the market anticipated an important inflation report set to be released later in the week. The S&P 500 dropped slightly by 0.17%, closing at 5,069.76, while the Nasdaq Composite experienced a more significant fall of 0.55%, ending at 15,947.74. The Dow Jones Industrial Average also saw a minor decrease, losing 23.39 points, or 0.06%, to close at 38,949.02, marking its third consecutive day of losses. Among the notable decliners were UnitedHealth, which fell nearly 3%, and tech giants Intel and Alphabet, which dropped 1.7% and 1.8%, respectively. Additionally, Urban Outfitters saw a significant decrease of 12.8% following its announcement of weaker-than-expected fourth-quarter results.
The market’s focus is now on the upcoming personal consumption expenditure reading for January, a critical inflation measure closely watched by the Federal Reserve. This report is highly anticipated as investors and analysts gauge the potential for continued economic growth and the impact of inflation on monetary policy. The market’s recent performance has been less robust, with the major indexes on track for their second negative week in the last three, despite having reached record highs recently. The downturn, especially in the tech sector, has sparked debates about the durability of the market rally, which has been partly driven by enthusiasm over advancements in artificial intelligence.
On Wednesday, the overall market experienced a slight downturn, with all sectors combined seeing a decrease of 0.17%. Despite this general downtrend, several sectors managed to post gains, led by Real Estate, which saw a notable increase of 1.28%. Other sectors that experienced growth included Financials, Consumer Discretionary, Utilities, Industrials, Materials, and Consumer Staples, with increases ranging from 0.09% to 0.35%. On the flip side, some sectors faced declines, with Energy, Health Care, Information Technology, and Communication Services witnessing drops between -0.20% and -0.92%, indicating a mixed performance across different areas of the market.
Currency Market Updates
The currency market is currently experiencing nuanced movements as investors anxiously await inflation reports from the U.S. and eurozone, which could significantly influence the trajectory of risk-sensitive currencies. The dollar index saw a slight increase of 0.1%, though it retreated from its early Wednesday highs, indicating a cautious stance among traders. The EUR/USD pair dipped marginally by 0.05%, recovering after testing key support levels amid a broad-based rise in the dollar earlier in the day. The focus now shifts to Thursday’s release of the U.S. core PCE and eurozone CPI reports, which are expected to play a critical role in determining whether the recent reduction in anticipated Fed rate cuts for 2024—and the consequent support this has lent to the dollar—will continue or come to a halt.
Market expectations are leaning towards the Federal Reserve beginning to cut rates by June, with a total of 81 basis points of easing anticipated by the end of the year. Similarly, a June rate cut by the ECB is fully priced in, with expectations of 90 basis points of cuts throughout the year. These developments come as core PCE in the U.S. is forecasted to rise, contrasting with December’s figures, and with the euro zone’s overall and core CPI also set for release, offering further insights into inflationary trends. Amidst this backdrop, the USD/JPY pair has seen a slight increase, attempting to continue its upward trend as markets digest varying signals from Fed speakers and global economic indicators, highlighting the interconnectedness of global financial markets and the significant impact of central bank policies and economic data on currency valuations.
The EUR/USD pair experienced a decline early Friday, pressured by disappointing sentiment indicators from Europe and a significant disparity in US GDP figures that maintained the currency pair’s position within a familiar range midweek. With a packed schedule, Thursday’s focus shifts to German Retail Sales and CPI data, alongside the US Personal Consumption Expenditure (PCE) Price Index inflation figures. The week will conclude with Friday’s release of the pan-European Harmonized Index of Consumer Prices (HICP) inflation data and the US ISM Manufacturing PMI for February, providing critical insights into economic health and potential currency movement directions.
On Wednesday, the EUR/USD moved slightly lower and was able to reach the lower band of the Bollinger Bands. Currently, the price is moving just below the middle band, suggesting a potential upward movement to reach above the middle band. Notably, the Relative Strength Index (RSI) maintains its position at 51, signaling a neutral outlook for this currency pair.
Resistance: 1.0858, 1.0896
Support: 1.0823, 1.0783
XAU/USD (4 Hours)
XAU/USD Steady Amid Economic Expansion and Fed Remarks
Gold prices remained stable near $2,030 on Wednesday, achieving a modest increase of 0.17% as the US economy showed signs of expansion according to the latest BEA report. Despite the US GDP for the last quarter of 2023 slightly missing expectations and mixed retail and wholesale inventory data, a fall in US Treasury bond yields has supported gold prices, keeping them near monthly and weekly highs, just below the 50-day SMA. Meanwhile, comments from Federal Reserve Regional Presidents, Susan Collins and John Williams, about potentially easing policy later in the year while still not meeting the core inflation goal of 2%, have influenced market sentiment, alongside a cautious Wall Street trading mostly in the red.
On Wednesday, XAU/USD moved slightly higher to reach the upper band of the Bollinger Bands. Currently, the price is moving just below the upper band, suggesting a potential higher movement to reach above the upper band and reach the resistance level. The Relative Strength Index (RSI) stands at 57, signaling a neutral but bullish outlook for this pair.
Resistance: $2,042, $2,056
Support: $2,030, $2,017
Economic Data
Currency
Data
Time (GMT+8)
Forecast
EUR
German Prelim CPI m/m
All day
0.5%
CAD
GDP m/m
09:30
0.2%
USD
Core PCE Price Index m/m
09:30
0.4%
USD
Unemployment Claims
09:30
209K
Written on February 29, 2024 at 4:12 am, by anakin
VT Markets, a leading online trading platform, offers swap-free accounts tailored to meet the needs of traders who, due to their religious beliefs, cannot participate in trades that carry swap fees. This article delves into the specifics of VT Markets’ swap-free accounts, addressing common queries and highlighting the features that make these accounts both unique and accessible.
Does VT Markets Offer Swap-Free Accounts?
Yes, VT Markets provides swap-free accounts which operate as standard CFD trading accounts with one key difference: no swap fee is applied to trades held overnight. It’s important to note, however, that a small administrative fee is still applicable to these transactions.
Friendly Reminder: Swap-free accounts with zero admin fees are available only to traders in certain countries and regions. For more details, reaching out to our customer support team is recommended.
What Fees and Charges Apply?
Clients utilizing VT Markets’ swap-free accounts will be subject to Standard STP spreads. Additionally, an admin/agency (Wakeel) fee is levied, covering administration-related expenses.
Why Is There an Administration Fee?
The administration fee on swap-free accounts is necessary to cover the costs associated with maintaining open positions in the global markets. VT Markets passes on the fees charged by liquidity providers for keeping positions open, ensuring fair and transparent access to trading opportunities.
Who Can Use Swap-Free Accounts?
These accounts are specifically designed for Forex traders who, due to religious reasons, cannot receive or pay swaps. VT Markets aims to provide traders of the Muslim faith with equitable access to global markets through these specialized accounts.
Opening a VT Markets Swap-Free Account
Opening a swap-free account with VT Markets follows the regular account registration process, where you’ll have the option to select the swap-free account type. Remember, accounts with zero administrative fees are restricted to specific countries and regions, so consultation with customer support is advisable for clarity.
Does VT Markets Provide Loans for Trading on Swap-Free Accounts?
VT Markets does not offer loans to clients. The platform facilitates margin trading, where financing is provided by Liquidity Providers, who then charge an Administration Fee. This fee is communicated to clients via the MT4 platform.
Justification of Administration Fee and Spreads
The administration fee and spreads charged on swap-free accounts are legitimate and justified charges for the services provided by VT Markets. These fees are in place instead of the interest or swap charges found in conventional accounts, maintaining the Shariah compliance of these accounts.
Shariah Basis for Swap-Free Accounts
The operation of VT Markets’ swap-free accounts is grounded in Islamic financial principles. The relationship between VT Markets and its clients is that of Wakalah (agency), where VT Markets acts as the agent managing the accounts. The relationship with liquidity providers is defined as Qardh (loan), managed under a signed mandate by VT Markets, ensuring compliance with Shariah law.
Segregation and Protection of Funds
VT Markets ensures Shariah compliance by segregating Shariah funds from conventional funds, with all client funds held in segregated accounts with top reputable banks worldwide. This ensures the protection and integrity of your investments.
What Spreads Are Charged?
Clients with swap-free accounts are subject to Standard STP spreads or RAW ECN spreads, ensuring competitive pricing and transparency across all transactions.
Enquire Swap-Free Account With VT Markets
For further inquiries or to apply for a swap-free account, contacting VT Markets’ customer support team is the best course of action. Contact Us!
In the ever-evolving landscape of online trading, finding a broker that aligns with your financial goals and trading style is crucial. VT Markets, a well-known entity in the Forex and CFD trading arena, often comes under scrutiny by prospective traders seeking reliability, transparency, and competitive trading conditions. This article delves into the core aspects of VT Markets to ascertain whether it stands as a prudent choice for traders.
Comprehensive Regulatory Framework
One of the primary considerations when evaluating a broker’s credibility is its regulatory compliance. VT Markets is regulated by reputable authorities, including The Financial Services Commission, Mauritius (FSC), ensuring a high level of operational integrity and client fund security. This regulatory backbone provides traders with peace of mind regarding the safety of their investments.
Diverse Trading Instruments and Account Types
VT Markets caters to a wide array of trading preferences with an extensive selection of instruments, including forex pairs, commodities, indices, and CFDs. The broker offers two main account types: the Standard STP and the Raw ECN, each designed to meet different trader requirements. The Standard STP account is ideal for beginners and those who prefer trading without commissions, while the Raw ECN account appeals to experienced traders looking for tighter spreads and a commission-based structure.
Cutting-edge Trading Platforms and Tools
Access to advanced trading platforms and tools is essential for effective market analysis and execution. VT Markets provides its clients with the industry-standard MetaTrader 4 and MetaTrader 5 platforms, renowned for their reliability, user-friendly interface, and comprehensive analytical tools. Additionally, traders benefit from VT Markets’ integration of advanced trading tools and indicators, enhancing their trading strategy and decision-making process.
Competitive Spreads and Transparent Pricing
VT Markets is known for its competitive spreads and transparent pricing structure. The broker’s Raw ECN account, in particular, offers tight spreads starting from 0.0 pips, coupled with a reasonable commission rate. This pricing model is advantageous for scalpers and high-volume traders who prioritize low transaction costs.
Client Support and Educational Resources
Effective client support and educational resources are indicators of a broker’s commitment to its clients’ success. VT Markets offers a robust support system with a knowledgeable customer service team accessible via live chat, email, and phone. The broker also provides an array of educational materials, including webinars, tutorials, and articles, catering to both novice and seasoned traders.
Conclusion: A Broker Worth Considering?
After scrutinizing the essential facets of VT Markets, it’s evident that the broker offers a compelling proposition for traders seeking a regulated, transparent, and client-focused trading environment. With its robust regulatory framework, diverse trading options, advanced platforms, competitive pricing, and dedicated support, VT Markets positions itself as a reputable choice in the crowded online brokerage space.
Whether VT Markets is the right broker for you ultimately depends on your specific trading needs and preferences. Prospective clients are encouraged to explore the broker’s offerings, perhaps starting with a demo account, to determine if VT Markets aligns with their trading objectives.
Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.
Please refer to the table below for more details:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.
If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.
Written on February 28, 2024 at 8:01 am, by anakin
In the realm of forex trading, correlations serve as invaluable indicators of how different currency pairs or financial instruments move in relation to each other. For instance, as the EUR/USD pair goes up, it’s common to observe a downturn in the USD/CHF pair, and conversely.
These correlations offer profound insights into market movements, enabling traders to predict trends, mitigate risks, and make more informed decisions. Let’s delve into the world of correlations in forex trading and explore how they can be leveraged to enhance trading strategies.
Understanding correlations
Correlation in forex denotes the statistical relationship between distinct currency pairs or financial instruments and their synchronized movements. This correlation coefficient is measured on a scale ranging from -1 to +1. A value of -1 signifies a perfect negative correlation (indicating inverse movements), while +1 denotes a perfect positive correlation (suggesting movements in the same direction). A correlation coefficient of 0 indicates no correlation, implying that movements are independent of each other.
Grasping these correlations is pivotal for traders as it aids in anticipating the impact of one asset’s movement on another.
Positive correlation: Positive correlation materializes when two currency pairs or assets tend to move in tandem. For instance, if the EUR/USD pair experiences an upward trajectory, it’s likely that the GBP/USD pair will also witness a rise. Traders often utilize positive correlations to diversify their portfolios by trading multiple currency pairs that move in sync, thereby potentially reducing overall risk exposure.
Negative correlation: Conversely, negative correlation arises when two currency pairs or assets move in opposing directions. For instance, an increase in the USD/JPY pair might coincide with a decrease in the price of Gold. Traders employ negative correlations as a hedging strategy to offset potential losses in one position with gains in another, thereby mitigating risks during market fluctuations.
Neutral correlation: Neutral correlation signifies a weak or non-existent relationship between currency pairs or assets. For instance, the EUR/USD and USD/CHF pairs may exhibit minimal correlation, implying that their movements have insignificant influence on each other. While neutral correlations might not present direct trading opportunities, they offer valuable insights into market dynamics, enabling traders to avoid making decisions based on erroneous correlation assumptions.
How to Identify Correlations
For traders aiming to discern the correlation between two currency pairs, a systematic approach is essential:
Select currency pairs: Choose the currency pairs you intend to analyse for correlation, such as EUR/USD and GBP/USD.
Collect historical data: Gather historical price data for the selected currency pairs from reputable sources like trading platforms or financial websites.
Calculate correlation coefficient: Utilize online correlation calculators, Excel spreadsheets with built-in functions like CORREL, or trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to compute correlation coefficients.
Interpret results: Analyse the correlation coefficient to comprehend the relationship between the currency pairs. A coefficient close to +1 suggests a strong positive correlation, while a coefficient close to -1 indicates a strong negative correlation. A coefficient near 0 implies a weak or negligible correlation.
Repeat for different timeframes: Consider calculating correlations over various timeframes (e.g., daily, weekly, monthly) to identify any fluctuations in correlation patterns, providing insights into the stability of the correlation relationship.
Factors influencing correlations
Numerous factors influence the correlations between currency pairs in forex trading, including:
Economic indicators: Indicators like Gross Domestic Product (GDP), growth rates, and inflation significantly influence currency correlations. Positive GDP figures in both the Eurozone and the US can bolster the correlation between EUR/USD and USD/CHF pairs. Divergent inflation rates may weaken correlations as traders adjust their strategies based on economic forecasts.
Market sentiment: Market sentiment, reflecting traders’ attitudes towards currencies, impacts correlations. During periods of heightened risk appetite, currencies like the Australian dollar (AUD) and New Zealand dollar (NZD) tend to display positive correlations. Safe-haven currencies like the US dollar (USD) and Japanese yen (JPY) may strengthen during times of uncertainty, thereby weakening correlations with riskier currencies.
Geopolitical events: Geopolitical events such as elections or trade negotiations can disrupt currency correlations. Major agreements may strengthen correlations between currencies, while heightened tensions can weaken them as traders seek refuge in safer assets. Increased geopolitical risks might diminish the correlation between USD/JPY and gold.
Relationship between currencies and commodities: The correlation between currencies and commodities also influences currency correlations. For instance, the Canadian dollar (CAD) often correlates positively with oil prices due to Canada’s significant oil exports. Consequently, a surge in oil prices could reinforce the correlation between USD/CAD and oil. Conversely, a surge in gold prices may weaken the correlation between USD/JPY and gold, given the status of the Japanese yen as a safe-haven currency.
Using correlations in trading
Leveraging correlations in forex trading provides traders with a strategic advantage, offering insights into market dynamics and aiding in risk management. By incorporating correlations into trading strategies, traders refine their approach, optimize trade timing, and enhance overall performance in the forex market. Strategies for leveraging correlations include:
Strategy Development: Design strategies to capitalize on currency correlations, identify trends, and optimize trade timing.
Risk Management: Utilize correlated pairs for hedging to mitigate losses and minimize risk exposure. Additionally, diversify risk across multiple currency pairs or asset classes to reduce volatility and enhance stability.
Portfolio Diversification: Spread investments across various currency pairs or asset classes with low or negative correlations to minimize overall portfolio risk and enhance long-term stability.
Identifying Opportunities: Utilize correlations to identify diversification opportunities by selecting currency pairs with low or negative correlations.
Asset Class Monitoring: Monitor correlations between different asset classes to optimize portfolio allocation and achieve risk-adjusted returns.
In conclusion, understanding how currency pairs interact is imperative for making informed decisions and managing risks in forex trading. Utilizing correlation analysis is highly recommended as it enables traders to identify optimal trading times, manage risks effectively, and maximize returns on investments. By unlocking the power of correlations, traders can navigate the complexities of the forex market with confidence and precision.
Start leveraging currency correlations today with VT Markets and enhance your forex trading strategies for better results!
Written on February 28, 2024 at 7:54 am, by anakin
On Tuesday, the stock market displayed mixed outcomes with the S&P 500 and Nasdaq Composite experiencing slight gains, while the Dow Jones Industrial Average faced a minor decline amidst anticipation for upcoming inflation data. Corporate earnings, particularly from Macy’s and Lowe’s, alongside economic indicators, played significant roles in market dynamics. Meanwhile, the currency market witnessed subtle shifts, with the Japanese yen strengthening against the dollar following Japan’s higher-than-expected core CPI report. Investor focus remains on key economic releases, including the personal consumption expenditure price index, with global monetary policy expectations influencing market sentiment.
Stock Market Updates
On Tuesday, the stock market saw mixed results as investors awaited crucial inflation data expected later in the week. The S&P 500 edged up by 0.17% to 5,078.18, while the Nasdaq Composite saw a modest increase of 0.37%, closing at 16,035.30. Contrarily, the Dow Jones Industrial Average experienced a slight downturn, dropping by 96.82 points, or 0.25%, to end at 38,972.41. Notable movements included Macy’s, which surged 3.4% after announcing plans to close approximately 150 underperforming stores due to a previous revenue shortfall. Additionally, Lowe’s shares increased by 1.7% following an earnings beat, with Zoom Video and Hims & Hers Health also making significant gains after surpassing Wall Street’s earnings expectations.
A mix of corporate earnings reports and economic indicators influenced the market’s dynamics. The utilities sector led the market with a 1.9% increase, while the communications services and technology sectors also saw gains. This activity followed a decline from record highs the previous week, spurred by Nvidia’s impressive earnings. Moreover, investor sentiment was affected by a drop in consumer confidence amid concerns over a potential labor market slowdown and a divisive political climate, as reported by the Conference Board. Additionally, a decrease in orders for long-lasting goods in January, particularly in transportation, underscored these economic uncertainties. As investors look ahead, the forthcoming release of the personal consumption expenditure price index and personal income data will be closely scrutinized for insights into economic health and monetary policy direction.
On Tuesdayday, the overall market saw modest gains, with all sectors collectively up by 0.17%. Utilities led the performance with a significant increase of 1.89%, followed by Communication Services and Materials, which rose by 1.03% and 0.35%, respectively. Financials, Consumer Discretionary, and Industrials also experienced gains, though more modest, ranging from 0.12% to 0.27%. Information Technology and Real Estate sectors saw minimal increases, whereas Consumer Staples, Health Care, and Energy sectors faced declines, with Energy recording the largest drop at -0.43%.
Currency Market Updates
The currency market saw nuanced movements with the dollar index slightly declining by 0.09%, influenced by a mix of supportive corporate month-end flows and weaker-than-expected U.S. economic data concerning durable goods and consumer confidence. The Japanese yen emerged as a notable performer, appreciating following a report that showed Japan’s core CPI rising above forecasts. This development came amidst static policy pricing from major central banks such as the Federal Reserve, European Central Bank, and the Bank of Japan, with the market participants keenly awaiting further key data releases scheduled for later in the week and the next.
The FX landscape was further characterized by the lingering weakness of the USD against the JPY, spurred by Japan’s inflation data, while the EUR/USD, GBP/USD, and other major currency pairs saw marginal gains. Despite some reasons to overlook the disappointing U.S. durable goods data, attributed partly to Boeing’s challenges, the misses in economic reports have heightened the anticipation for upcoming releases on core PCE, income, spending, and employment data. Market speculation regarding the Federal Reserve’s interest rate path remains a focal point, especially after Kansas City Fed President Jeffrey Schmid’s hawkish remarks, contrasting with the market’s reduced expectations for Fed rate cuts. The evolving monetary policy expectations for the ECB, BoE, and BoJ also play a critical role in shaping the currency market dynamics, with all eyes on the upcoming eurozone CPI and U.S. core PCE data to gauge potential shifts in monetary policy and currency valuations.
Picks of the Day Analysis
EUR/USD (4 Hours)
EUR/USD Stabilizes Amid Anticipation of Key Economic Data
The EUR/USD pair has been hovering around the 1.0850 mark, showing little movement as traders await impactful economic releases. Following a more significant than expected decline in US Durable Goods Orders for January, market focus now shifts to upcoming US GDP figures, German Retail Sales, CPI data, and the US PCE inflation report. These forthcoming data points are crucial for gauging the economic health of both regions and could potentially influence the currency pair’s direction.
On Tuesday, the EUR/USD moved slightly lower and was able to reach the middle band of the Bollinger Bands. Currently, the price is moving around the middle band, suggesting a potential downward movement to reach below the middle band. Notably, the Relative Strength Index (RSI) maintains its position at 53, signaling a neutral outlook for this currency pair.
Resistance: 1.0858, 1.0896
Support: 1.0823, 1.0783
XAU/USD (4 Hours)
XAU/USD See Modest Gains Amid Weakening Dollar and Anticipation for Key Economic Reports
Gold (XAU/USD) experienced a slight increase in its price during Tuesday’s mid-North American session, trading at $2,034.88, a 0.18% gain, amid a backdrop of falling US Treasury bond yields and a weakening US Dollar, as indicated by a 0.05% drop in the US Dollar Index (DXY). This modest uptick occurs as the precious metal hovers around the 50-day Simple Moving Average, with investors keenly awaiting the Personal Consumption Expenditures (PCE) report and latest Gross Domestic Product (GDP) data, which are anticipated to be significant factors that could drive Gold out of its current $2,020-$2,050 trading range. The outlook is further clouded by the recent report on Durable Goods Orders for January, which fell more sharply than expected, and mixed Home Prices data, suggesting a potentially volatile period ahead for Gold prices.
On Tuesday, XAU/USD moved lower to reach the middle band of the Bollinger Bands. Currently, the price is moving just above the middle band, suggesting a potential consolidation movement. The Relative Strength Index (RSI) stands at 53, signaling a neutral outlook for this pair.
Resistance: $2,042, $2,056
Support: $2,030, $2,017
Economic Data
Currency
Data
Time (GMT + 8)
Forecast
AUD
CPI y/y
08:30
3.4% (Actual)
NZD
Official Cash Rate
09:00
5.50% (Actual)
NZD
RBNZ Monetary Policy Statement
09:00
NZD
RBNZ Rate Statement
09:00
USD
Prelim GDP q/q
21:30
3.3%
Written on February 28, 2024 at 2:48 am, by anakin
VT Markets caters to a diverse clientele by offering two main types of trading accounts: the Standard STP account and the Raw ECN account. Each account type is designed with different traders in mind, providing options to suit various trading strategies and preferences. For detailed information on each account type, please visit the following links: Standard STP and RAW ECN.
How do Standard STP and RAW ECN accounts differ?
The key difference between these accounts lies in the cost structure and how prices are presented. The Standard STP account does not charge a commission; instead, it includes a markup on spreads above the inter-bank rates received from pricing providers. Conversely, the Raw ECN account offers the raw spreads received directly from liquidity providers and applies a commission charge of $6 per standard lot round turn.
Which base currencies are accepted for trading accounts?
VT Markets accepts a range of base currencies for trading accounts, including the United States Dollar (USD), Australian Dollar (AUD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), and Japanese Yen (JPY).
Can I change my account type?
At this time, VT Markets does not support direct changes to account types post-creation. However, clients wishing to trade under a different account type can apply for an additional account through the Client Portal by selecting Account > Open additional accounts. Upon completing the application, you’ll receive an email with the login details for your new account. For a comprehensive guide on applying for an additional trading account, click here. For further assistance, please contact our live chat customer service.
How can I change my account currency?
Once set, the account currency cannot be changed. If you wish to use a different currency, you’re encouraged to open an additional account in your desired currency. Instructions for opening an additional account can be found here.
How to open an additional account?
Applying for an additional account is straightforward. Log in to your Client Portal, navigate to Account > Open additional accounts, and follow the provided steps. An email containing the login information for your additional account will be sent upon application completion. Note: Additional account requests can be made once your ID and address verification have been fully verified.
Is it possible to change my trading account number?
No, trading account numbers are generated randomly and cannot be altered.
How can I close my trading account?
VT Markets does not currently offer a manual account closure service for MT4 and MT5 trading accounts. To close your account, ensure your balance is zero or less and refrain from logging in for 90 days. The account will then be automatically closed. Alternatively, you can use the “Hide” function in your Client Portal to hide your account.
How can I change the name on my VT Markets account?
The name on your VT Markets account is based on the Proof of Identity (POI) document you provided. The process for changing your account name varies depending on the verification status of your account. For unverified accounts, typographical errors in your name will be corrected during the verification process. For verified accounts, if you need to correct an error or have legally changed your name, please contact us through Live Chat or email info@vtmarkets.com with the necessary documentation.
How to change my residential address?
To change your residential address, the approach depends on the status of your account verification. If verification is pending, any address errors will be fixed during the process. If your address has already been verified and needs updating, please email a new Proof of Address document to info@vtmarkets.com with the appropriate subject line. The relevant department will then review and process your request.
Open Your Forex Trading Account With VT Markets
Open your Forex trading account with VT Markets today and take advantage of tailored trading options! Whether you prefer the commission-free Standard STP account with its inclusive spreads or the Raw ECN account with direct market access and low commissions, VT Markets has you covered.
Choose from a variety of base currencies and get started quickly through our easy online application process. Ready to dive into the world of Forex trading? Open your account now and join the global trading community with VT Markets!
ETFs, short for Exchange-Traded Funds, are gaining popularity by investors for their accessibility and flexibility. These funds offer a straightforward approach to investing in a variety of assets, making them particularly appealing to non-professional traders.
Imagine the convenience of investing in a diverse portfolio of stocks or bonds without the hassle of managing individual assets. ETFs make this possible, providing investors with the opportunity to access a broad range of securities through a single investment vehicle.
In this article, we’ll delve into the significance of ETFs for forex traders, exploring their fundamentals, advantages, popular categories, and practical trading strategies.
Understanding ETFs
ETFs are investment funds traded on stock exchanges, similar to individual stocks. However, they differ from mutual funds and individual stocks in several key aspects.
Firstly, like mutual funds, ETFs pool investors’ money to invest in various assets such as stocks, bonds, or commodities. However, unlike mutual funds, which are traded at the end of the day, ETFs are traded throughout the day on stock exchanges at market prices, providing investors with real-time access to their investments.
Secondly, ETFs offer investors exposure to a diversified mix of assets, rather than individual companies. When investors buy shares of an ETF, they are essentially purchasing a share in a fund that holds a diverse portfolio of securities.
ETFs are designed to track specific benchmarks, such as stock market indices or bond indices, aiming to replicate their performance by holding similar assets.
For forex traders, ETFs offer a convenient way to diversify their investment portfolios by providing exposure to a variety of securities within a single investment. This diversification helps spread risk, making ETFs an attractive option for investors with limited capital or those seeking to build a diversified portfolio without investing in multiple securities individually.
Moreover, ETFs provide liquidity as they are traded on stock exchanges throughout the day at market prices, allowing investors to buy and sell them easily. This liquidity sets ETFs apart from mutual funds, which are typically traded once a day.
Additionally, ETFs offer transparency by disclosing their holdings daily, providing investors with clear visibility into their investments.
Popular ETF categories
ETFs are available in various categories, each offering unique investment opportunities for forex traders. Here’s an overview of the most common types:
Equity ETFs: These ETFs invest in stocks, providing investors with exposure to specific markets, industries, or regions. They offer diversification across multiple companies within a single investment.
Bond ETFs: Bond ETFs invest in fixed-income securities such as government bonds, corporate bonds, or municipal bonds. They provide investors with income generation and diversification, with varying levels of risk depending on the underlying bonds.
Commodity ETFs: These ETFs track the performance of commodities such as gold, silver, oil, or agricultural products. They offer exposure to commodity prices without the need for direct commodity ownership.
Sector ETFs: Sector ETFs focus on specific sectors or industries, such as technology, healthcare, or energy. They allow investors to target areas of the market they believe will outperform or diversify their portfolios.
Each category of ETFs has its own characteristics and potential benefits, catering to different investment objectives and risk tolerances.
Advantages of Trading ETF CFDs
Trading ETFs through CFDs (Contracts for Difference) involves entering into a contract with a broker to speculate on the price movement of the ETF without owning the underlying asset.
When it comes to ETF CFDs trading, there are several advantages worth considering:
Flexibility and leverage: CFDs provide traders with the flexibility to control larger positions with a smaller amount of capital, potentially amplifying gains or losses compared to traditional investing.
Long and short positions: CFD trading allows traders to take both long (buy) and short (sell) positions on ETFs, enabling them to profit from both rising and falling markets.
In summary, trading ETFs through CFDs offers forex traders flexibility, leverage, and the opportunity to profit from both upward and downward price movements in the market.
Tips for successful ETF trading
To enhance your chances of success in ETF trading while managing risks effectively, consider the following tips:
Have a well-defined trading plan: Establish a clear trading plan outlining your goals, risk tolerance, and strategies. Stick to your plan and avoid making impulsive decisions based on emotions or market fluctuations.
Stay informed about market trends: Keep yourself updated on market trends and news that could affect ETF prices. This includes economic indicators, geopolitical events, and industry-specific developments. Being informed allows you to make informed decisions and adapt your trading strategy accordingly.
Diversify your investments: Spread your risk by diversifying across multiple ETFs representing different sectors or asset classes. This helps mitigate the impact of volatility in any single investment and allows you to capture opportunities in various market segments.
In conclusion, ETFs serve as versatile investment vehicles for forex traders, offering exposure to various asset classes like stocks, bonds, and commodities. Trading ETFs through CFDs provides flexibility, leverage, and profit opportunities. By following a well-defined trading plan, staying informed about market trends, and diversifying your investments, you can navigate the market confidently and responsibly, maximizing your potential for success.
