GemForex vs VT Markets

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

GemForex vs VT Markets Comparison Table 2024
GemForex VT Markets
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2.3
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4
GemForex is ranked #97 among CFD brokers. VT Markets is ranked #32 among CFD brokers.
Review
Review
GemForex is a Japanese CFD and forex broker offering a curated selection of trading products. 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
  • 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
  • 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 Broker 2020 - Forex.com Awards
  • Best Broker 2019 - Forex.com Awards
  • Best Broker 2018 - Forex.com Awards
  • Best MT4 Broker 2017 - Forex.com Awards
  • Best Forex Trade Copy Service 2017 - Forex.com Awards
  • Best Asia FX Broker 2016 - Forex.com 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
Forex, Commodities CFDs, Forex, Commodities, Stocks, Indices
Demo Account
Yes Yes
Minimum Deposit
$1 $200
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
FSC ASIC, FSCA, SVGFSA
Mobile Apps
Yes (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
Yes 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
No 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
Yes - the first ever free EA service in Japan Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
GemForex offers a free forex mirror trading tool that operates without the need for VPS. 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
No Yes
Trade Signals
Yes - MT4 Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • JPY
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Oil
  • Silver
  • Gold
  • Natural Gas
  • Oil
  • Copper
  • Cocoa
  • Coffee
  • Cotton
  • Sugar
  • Orange Juice
CFD
Trade leveraged CFDs on indices and commodities. 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
Variable From 40
GBPUSD Spread<
Variable 0.4 pips
Oil Spread
Variable From 16
Stocks Spread
N/A Variable
Forex
GemForex offers 33 currency pairs, including majors, minors and exotics. 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
33 40+
GBPUSD Spread
Variable 0.4 pips
EURUSD Spread
Variable 0.4 pips
EURGBP Spread
Variable 1.4 pips
GemForex VT Markets
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