What Account Types Does VT Markets Offer?

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!

Feel free to contact us if you require further assistance.

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. 

Start trading ETFs with VT Markets Today!

Depositing funds into your VT Markets trading account is a straightforward process, designed to get you trading as quickly as possible. Here’s a simple guide to making deposits, the methods you can use, and some tips to ensure a smooth transaction.

For detailed instructions on how to register your account with VT Markets, refer to our comprehensive FAQ titled “How To Register Your Account with VT Markets” to start your trading journey. Here is the FAQ for How To Deposit Trading Funds into VT Markets.

Making a Deposit: A Step-by-Step Guide

1. Access the Client Portal: Log into your VT Markets Client Portal to begin the process.

2. Navigate to Deposit Section: Select “Funds” followed by “Deposit”. Here, you’ll be able to choose your preferred payment method.

3. Follow On-Screen Instructions: Each deposit method comes with its specific instructions on the deposit page. Please follow these carefully to complete your deposit.

Deposit Methods Supported by VT Markets

VT Markets is committed to providing its clients with a variety of fast, safe, and convenient deposit options. Most deposits are credited within 30 to 60 minutes, ensuring you can start trading without unnecessary delays. Here are the deposit methods available:

• Unionpay Transfer
• Mobile Pay
• Skrill
• Neteller
• Fasapay
• Vietnam Instant Bank Wire Transfer (exclusively for clients from Vietnam)
• EU Bank Transfer (exclusively for clients from the EU)
• Thailand Instant Bank Transfer (exclusively for clients from Thailand)
• Credit/Debit Card

For those opting for the International Bank Transfer method, please note that it might take 3 to 7 working days for the funds to arrive in your trading account.

Deposit Processing Times

While most deposits will reflect in your account within an hour, the processing time can vary based on the method used:

• Credit/Debit Card Deposits: Should you not see your deposit within 30 minutes post a successful transaction status, email us at info@vtmarkets.com with your trading account number and transaction receipt from your registered email address.
• E-Wallet Deposits: Similar to card deposits, if your e-wallet deposit isn’t reflected within 30 minutes of a successful transaction, please forward your trading account number, transaction receipt, Payment ID, and TXID to info@vtmarkets.com from your registered email.

Monitoring Your Deposit

To track your deposit’s progress or if you encounter any issues, you can always reach out to VT Markets by sending an email to info@vtmarkets.com. Ensure to include the transaction receipt detailing the sender, recipient, time, and amount, and mention your MT4 account in the email for quicker assistance.

Important Considerations for Deposits

• Account Holder Deposits: In compliance with legal and regulatory standards, deposits must originate from the account holder’s own bank account.
• Timely Transfers: Ensure to complete your transfer within the indicated timeframe on the deposit page. If a deposit fails due to timing out or other issues, restart the process rather than proceeding with a transfer to the previously indicated account, to guarantee the success of your deposit.

Depositing funds into your VT Markets account is designed to be a seamless part of your trading experience. By following these guidelines and utilizing the wide range of deposit methods available, you can fund your account effortlessly and focus on what’s important – trading the markets.

Are there any deposit fees charged by VT Markets?

VT Markets proudly offers zero handling fees on all deposits.

Please be aware, though, that transactions involving international banking institutions may be subject to intermediary transfer fees or exchange rate discrepancies. These costs are levied by the banks themselves and are not associated with VT Markets.

Start A Forex Account with VT Markets

Embarking on your live forex trading journey with VT Markets begins with a simple and secure deposit process. After completing the registration, accessing the vast opportunities of the forex market is just a few steps away. Our platform is designed to streamline your transition from registration to real-world trading, ensuring you can quickly capitalize on market movements.

Whether you’re a seasoned trader or just starting, VT Markets provides the tools, resources, and support needed to navigate the forex market successfully. Ready to unlock the full potential of forex trading? Open a live trading account with VT Markets and experience the difference in your trading journey.

For more information about VT Markets FAQ, please visit our FAQ page.

Dear Client,

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.

FAQ: Register Your Forex Trading Account with VT Markets

Registering for a live trading account with VT Markets is a straightforward process designed to get you up and trading as quickly as possible. Here’s everything you need to know to successfully open your account and start your trading journey.

Step-by-Step Registration Process

1. Start the Process: Begin by clicking on this link to access the registration page.

2. Fill in Your Details: Select your country of residence, enter your email address, choose a password, and, if you have one, include your referrer’s ID (this is optional).

3. Confirm Your Residency: Make sure to tick the box indicating that you are not a US resident.

4. Open Your Account: Click on “Open a live account” to finalize the registration process.

Frequently Asked Questions

Do you accept clients from the US?

Due to regulations by the Commodity Futures Trading Commission (CFTC), VT Markets cannot accept clients based in the US. However, traders from other countries are welcome.

How long does account activation take?

Completing the online forms and submitting the required proof of identity documentation will enable you to start trading within 24 hours.

Are there any fees associated with a live trading account?

No, VT Markets does not charge any account opening or maintenance fees for live trading accounts.

What documents are needed for account creation?

In compliance with Anti-Money Laundering (AML) and CFTC regulations, you must upload your Proof of Identity (POI) and Proof of Address (POA) during registration.

What if I don’t submit my ID and/or POA during registration?

You’ll receive login credentials for the Client Portal but won’t have full access until your documents are uploaded and verified. Depositing is possible immediately after registration, but trading and withdrawals are enabled only after document verification.

How can I resubmit registration documents?

If necessary, log into your Client Portal and navigate to Account > Live accounts > Account Verification to submit your documents.

Acceptable Documentation

Proof of Identity (POI):

A valid government-issued photo ID that clearly displays your name, photo, date of birth, issue date, and expiry date is required. This can be a photo ID or passport.

Proof of Address (POA):

Documents issued within the last 6 months, such as a bank statement, utility bill, tax document, certificate of citizenship, or residency proof, are acceptable. These documents must clearly display your name, issue date, and residential address.

Please note that VT Markets requires full-color, clear copies of these documents, and handwritten or hard-copy documents are not accepted.

Register Your Forex Trading Account with VT Markets

By following these steps and preparing the necessary documents, you can quickly and easily set up your live trading account with VT Markets. Start your trading journey with confidence, knowing you have the support and resources of VT Markets at your disposal.

Learn more about Forex in this page.

On Monday, the stock market experienced a downturn, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closing lower, moving away from recent record highs. This shift comes as investors brace for a slew of economic data, including a crucial inflation measure and updates on consumer spending, which could impact Federal Reserve policy decisions. The market’s focus is particularly on the upcoming personal consumption expenditures price index, a preferred inflation indicator by the Fed. Additionally, Amazon’s inclusion in the Dow signifies a shift toward tech and consumer retail sectors, despite a slight dip in its shares. With Treasury yields rising and various economic indicators on the horizon, investors remain cautious amid an uncertain longer-term outlook, even as currency markets react to potential monetary policy adjustments in the U.S. and Europe.

Stock Market Updates

On Monday, the S&P 500 saw a decline, moving away from the record high it reached the previous Friday, as the market anticipated upcoming inflation data. The index fell by 0.38% to 5,069.53, while the Nasdaq Composite dropped by 0.13%, ending the day at 15,976.25. The Dow Jones Industrial Average also experienced a downturn, losing 62.30 points, or 0.16%, to close at 39,069.23. Notably, Amazon was added to the Dow, replacing Walgreens Boots Alliance, which is expected to heighten the index’s focus on the tech and consumer retail sectors, even as Amazon’s shares dipped slightly by 0.15%. Additionally, Treasury yields rose, exerting further pressure on the stock market.

The market’s recent performance has been bolstered by strong earnings from companies like Nvidia, propelling the S&P 500 and the Dow to record highs at the end of the previous week. However, investors remain cautious, looking ahead to several economic indicators due to be released, including the personal consumption expenditures price index, a key measure of inflation favored by the Federal Reserve. Meanwhile, new home sales for January fell short of expectations amid high mortgage rates, underscoring the ongoing economic challenges. This week will also see the release of data on durable orders, wholesale inventories, consumer spending, and PCE numbers, all of which could significantly influence market sentiment.

Data by Bloomberg

On Monday, the market showed a mixed performance across various sectors. While the overall sectors declined by 0.38%, Energy (+0.32%), Consumer Discretionary (+0.23%), and Information Technology (+0.03%) sectors experienced gains, indicating some areas of strength in the market. However, most sectors saw declines, with Utilities (-2.10%) and Communication Services (-2.09%) facing the steepest drops, followed by significant downturns in Real Estate (-1.14%), Materials (-0.59%), Health Care (-0.50%), and Financials (-0.46%). Industrials and Consumer Staples also saw modest declines, underscoring a generally bearish sentiment across the broader market.

Currency Market Updates

In recent currency market updates, the dollar index experienced a slight decline of 0.1%, influenced primarily by gains in the EUR/USD pair, as investors awaited crucial inflation data from both the U.S. and the eurozone. This upcoming data is expected to provide insights into the future of the narrowing gap between bund and Treasury yields observed since mid-February. The anticipation around this data release stems from its potential to either confirm or alter the current expectations regarding monetary policy adjustments by the Federal Reserve and the European Central Bank (ECB), especially in light of recent economic indicators. The dollar, meanwhile, saw an uptick against traditionally lower-yielding currencies like the yen, as well as risk-sensitive currencies such as the Australian dollar and the yuan, amidst speculations on the Federal Reserve’s interest rate decisions following a strong U.S. jobs report and inflation figures that surpassed forecasts.

Investor focus is particularly honed in on the upcoming core PCE reading, February ISMs, and the March 8 employment report, with the outcomes likely to influence Federal Reserve policy discussions significantly. Despite the current market pricing, which reflects a cautious stance on the pace and extent of Fed rate cuts, the longer-term economic outlook remains uncertain. This uncertainty is exacerbated by persistent high-interest rates and a stock market buoyed by a limited number of companies, raising concerns over potential underperformance in U.S. economic data relative to expectations. Meanwhile, in Europe, inflation data releases are poised to further clarify the ECB’s stance on interest rates, amidst statements from President Christine Lagarde indicating sustained wage growth. Additionally, Japan’s inflation figures and the potential implications for the Bank of Japan’s policy direction add another layer to the global currency market dynamics, with significant attention also being paid to the British pound’s movements against the backdrop of the Bank of England’s anticipated policy decisions.

Picks of the Day Analysis

EUR/USD (4 Hours)

EUR/USD Gains Amid Speculation of US Interest Rate Cuts and ECB’s Prudent Stance

The EUR/USD pair experienced a rebound, touching the 1.0860 mark as the new trading week began, fueled by a weakening US dollar and speculation about potential Federal Reserve interest rate cuts, possibly starting in June. This speculation has been supported by recent US inflation data and a tight labor market, increasing the odds of monetary easing. Meanwhile, European Central Bank (ECB) official Yannis Stournaras emphasized the need for cautious monetary policy adjustments, aiming for a gradual approach to rate cuts to ensure inflation targets are met. The interplay between anticipated US monetary policy adjustments and the ECB’s prudent stance is likely to continue driving EUR/USD price actions in the near term.

Chart EUR/USD by TradingView

On Monday, the EUR/USD moved higher and was able to reach the upper band of the Bollinger Bands. Currently, the price is moving just below the upper band, suggesting a potential downward movement to reach the middle band. Notably, the Relative Strength Index (RSI) maintains its position at 60, signaling a slightly bullish outlook for this currency pair.

Resistance: 1.0858, 1.0896

Support: 1.0823, 1.0783

XAU/USD (4 Hours)

XAU/USD Retreats Below $2,030 Amid Rising US Treasury Yields and Technical Pressure

Gold experienced a slight downturn, falling below the $2,030 mark during the American trading session on Monday, as it faced technical and fundamental pressures. The recovery of the 10-year US Treasury bond yields toward 4.3% contributed to the decline in the XAU/USD pair, reflecting a dampened appeal for the non-yielding asset. Technical analysis reveals a decrease in buying interest, with a potential for a bearish extension highlighted by the metal’s performance around critical simple moving averages (SMAs) and technical indicators. Meanwhile, the broader market’s cautious stance ahead of significant US economic data releases, including the closely watched US Core Personal Consumption Expenditures (PCE) Price Index, adds to the bearish sentiment surrounding gold.

Chart XAU/USD by TradingView

On Monday, 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 55, signaling a neutral outlook for this pair.

Resistance: $2,042, $2,056

Support: $2,030, $2,017

Economic Data

Dear Client,

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.

As we approach the end of February 2024, the financial world turns its focus towards a series of crucial economic updates slated for release. These reports, spanning from Japan’s inflation rates to the ISM Manufacturing PMI in the United States, are poised to provide fresh insights into the global economic landscape. Among these, the Reserve Bank of New Zealand’s rate statement stands out as a particularly significant event. Here’s what to expect in the week ahead:

February 27, 2024: Japan’s inflation rate 

The annual inflation rate in Japan has seen a decrease, landing at 2.6% in December 2023, down from 2.8% the previous month. This marks the lowest inflation rate since July 2022. Analysts are now eyeing a further drop to 2.1% for January 2024, with the data expected to be unveiled on 27 February. This anticipated decrease could signal easing inflationary pressures within the Japanese economy, offering a glimpse into the country’s current economic health.

February 27, 2024: US durable goods orders

In the United States, new orders for manufactured durable goods showed no significant change in December 2023, a stark contrast to the 5.5% rise observed in November. The forecast for January 2024 is less optimistic, with analysts predicting a 4.5% decline. Set to be released on 27 February, this data could reflect the changing dynamics in U.S. manufacturing and consumer confidence.

February 28, 2024: Australia’s CPI 

Australia’s Consumer Price Index (CPI), a key indicator of inflation, increased by 3.4% in the year to December 2023, a slowdown from the 4.3% climb seen in November. Projections suggest a slight easing to 3.2% for January 2024, with the figures due on 28 February. A moderation in CPI growth may indicate that inflationary pressures are beginning to stabilise in Australia.

February 28, 2024: Reserve Bank of New Zealand’s rate decision

The Reserve Bank of New Zealand (RBNZ) previously held its official cash rate (OCR) steady at 5.5% during its November meeting. This pause, consistent for the fourth consecutive time, met market expectations. Analysts widely anticipate that the RBNZ will maintain the OCR at 5.5% in its upcoming 28 February meeting. The decision is keenly awaited, as it could signal the central bank’s outlook on New Zealand’s economic conditions and inflationary trends.

February 29, 2024: Canada’s GDP 

Canada’s GDP growth for November exceeded expectations, registering a 0.2% increase. This improvement followed three months of stagnant growth. The forecast for December 2023 points to a further rise of 0.3%, with the announcement scheduled for 29 February. A consecutive growth increment would signify a strengthening in the Canadian economy’s recovery momentum.

February 29, 2024: US core PCE price index

The core PCE price index in the US, an important measure of inflation that excludes food and energy costs, experienced a slight uptick of 0.2% in December 2023. Analysts are now expecting a more pronounced increase of 0.4% for January 2024, with data due on 29 February. This anticipated growth could reflect persisting inflationary pressures within the core sectors of the U.S. economy.

March 1, 2024: US ISM manufacturing PMI

The ISM Manufacturing PMI in the United States showed signs of improvement in January 2024, reaching 49.1 from 47.1 in December, marking the highest level since October 2022. The forecast for February remains optimistic, with analysts predicting the index to hold at 49.1. The upcoming release on 1 March will be closely watched as an indicator of the health and direction of the U.S. manufacturing sector.

Dear Client,

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.