FXCentrum vs VT Markets

FXCentrum or VT Markets – which is better for UK traders 2024? Compare FXCentrum and VT Markets in this detailed breakdown of their platforms, features and fees.

FXCentrum vs VT Markets Comparison Table 2024
FXCentrum VT Markets
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3.3
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4
FXCentrum is ranked #91 among CFD brokers. VT Markets is ranked #32 among CFD brokers.
Review
Review
FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading. Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.
Pros
  • Very competitive pricing with no commissions and spreads from 0.2 pips
  • Flexible trading platform options with the popular MetaTrader 5 as well as a bespoke platform
  • Good selection of forex, stocks and commodities to trade with over 3000 instruments
  • Personal 'retention manager' assigned to account holders
  • Great suite of educational content for beginners
  • Low starting deposit of just $10
  • Copy trading via ZuluTrade
  • Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
  • Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
  • Spreads are competitive based on tests, coming in at 0.2 pips for EUR/USD in the ECN account, aligning with top brands like Pepperstone
  • There’s a strong range of payment methods, including bank wire, credit cards and e-wallets, plus 5 base currencies to choose from
  • VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
  • A proprietary copy trading service, VTrade, is available on two platforms, with access to 100+ providers
  • You can open an account in less than 5 minutes with just a $100 starting deposit
Cons
  • Few educational resources or additional tools for advanced traders
  • Bonuses have difficult withdrawal requirements
  • Clients from USA and Poland not accepted
  • Monthly withdrawal charges
  • No MetaTrader 4 platform
  • Monthly inactivity fee
  • Offshore regulation
  • The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
  • Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
Awards
  • Best Research House Europe 2022
  • Best Forex Broker Australia 2022
  • Best Forex Customer Service 2022
  • Best Forex Mobile App 2022
  • Most Innovative Online Trading Platform 2022
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, ETFs, Commodities CFDs, Forex, Commodities, Stocks, Indices
Bonus
$160 no deposit bonus
Demo Account
Yes Yes
Minimum Deposit
$10 $200
Payment Methods
Minimum Trade
0.1 Lots 0.01 Lots
Regulator
SFSA ASIC, FSCA, SVGFSA
Mobile Apps
iOS & Android iOS & Android
Trading App

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.
iOS App Rating
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4.6
Android App Rating
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4.3
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Copy trading is available via the award-winning ZuluTrade platform. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow. VT Markets continues to offer copy trading via its proprietary service, VTrade. Followers can choose from 100+ strategy providers through a user-friendly platform, whilst providers can boost their earnings through the rebate scheme.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Cocoa
  • Coffee
  • Gold
  • Silver
  • Oil
  • Copper
  • Gasoline
  • Platinum
  • Aluminium
  • Nickel
  • Silver
  • Gold
  • Natural Gas
  • Oil
  • Copper
  • Cocoa
  • Coffee
  • Cotton
  • Sugar
  • Orange Juice
CFD
Trade commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors. VT Markets offers over 1000+ CFDs spanning currencies, stocks, indices, ETFs and commodities. The MetaTrader charting platforms provide dozens of technical tools alongside integrated market analysis resources and zero restrictions on short-term trading strategies.
Leverage
1:1000 1:500
FTSE Spread
2.0 From 40
GBPUSD Spread<
0.4 0.4 pips
Oil Spread
0.05 From 16
Stocks Spread
Variable Variable
Forex
Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available. VT Markets offers an average selection of 40+ forex pairs with up to 1:500 leverage. Forex spreads in the ECN account are highly competitive, starting from 0.0 pips, although the 1.2-pip minimum quotes in the Standard account are a little higher than the likes of Pepperstone or IC Markets.
Assets
50+ 40+
GBPUSD Spread
0.4 0.4 pips
EURUSD Spread
0.2 0.4 pips
EURGBP Spread
0.5 1.4 pips
FXCentrum VT Markets
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