Established in 2015, VT Markets is a leading Australian multi-asset CFD broker. Offering over 1,000 trading instruments, it supports both MetaTrader 4 and MetaTrader 5 platforms. With these resources, VT Markets provides extensive trading opportunities to more than 400,000 clients globally. It operates under the regulation of ASIC, FSCA, and FSC.
Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Pros
Traders have access to various analytical tools from trusted sources, such as the Market Buzz AI by Trading Central and a personalised economic calendar.
The top-tier MetaTrader 4 and 5 platforms are available, providing sophisticated charting tools and access to Expert Advisors (EAs).
Spreads are highly competitive, tested at 0.2 pips for EUR/USD in the ECN account, comparable to leading firms such as Pepperstone.
A broad selection of payment options is available, such as bank transfers, credit cards, and e-wallets. Additionally, clients can select from five base currencies.
VT Markets provides complimentary 90-day demo accounts, enabling traders to rigorously assess their short-term strategies.
VTrade offers a proprietary trading service accessible on two platforms, connecting you with over 100 providers.
XTB offers a diverse array of instruments, including CFDs on shares, indices, ETFs, commodities, forex, crypto, real shares, real ETFs, and share dealing, along with newly introduced Investment Plans. This allows XTB to serve both short-term traders and long-term investors efficiently.
The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
XTB offers a superb array of educational resources, such as training videos and articles, embedded within the platform to assist traders of all experience levels.
XTB has raised interest rates on uninvested funds and introduced zero-fee ISAs (for ETFs and real shares, or 0.2% on trades over €100k) for UK clients, offering access to a wide array of markets.
Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
Top-notch customer support, available 24/5, includes a welcoming live chat with response times under two minutes during tests.
XTB processes withdrawals swiftly, paying within 3 business days, subject to the method and amount.
Cons
The broker's bonus programmes have strict conditions, including limits on minimum deposits and acceptable payment methods.
Unlike peers such as Fusion Markets, VT Markets lacks cryptocurrency trading options.
XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
Trading fees are competitive, with average EUR/USD spreads of about 1 pip. However, they are not as low as the most affordable brokers, such as IC Markets. Additionally, an inactivity fee applies after a year.
The research tools at XTB are commendable but have the potential to excel further. Enhancing them with access to top-tier third-party services like Autochartist, Trading Central, and TipRanks would significantly elevate their offering.
It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
Awards
Most Accessible Trading Brokerage 2024, Acquisition International
Fastest Growing Multi Asset Broker Europe 2024, Cosmopolitan The Daily Business Awards
Best Online Trading Services 2024, ADVFN International Financial Awards
Best Forex CFD Broker UAE 2024, Global Business Magazine
Best Multi-Asset Broker MENA 2024, Global Business Review Award Magazine
Fastest Growing Broker Europe 2024, Global Business Review Award Magazine
Most Transparent Forex Broker LATAM 2024, Global Business Review Award Magazine
Best Forex Demo Account UAE 2024, World Business Outlook Magazine
Best Forex Customer Service Broker UAE 2024, World Business Outlook Magazine
Most Reliable Trading Platform MENA 2024, Brands Review Magazine
VT Markets provides a tailored app featuring over 230 assets, such as forex. Traders enjoy 24/5 customer support, a welcome deposit bonus, live market news, and seamless account management. The app is downloadable on Android and Apple devices.
Each year, XTB's app impresses with its sleek design and clear interface. It's fast, responsive, and full of practical features like integrated sentiment data, market news, economic calendars, and educational content. The intuitive order panel below the chart simplifies trade execution, including take profit and stop loss settings.
iOS App Rating
4.6
4.7
Android App Rating
4.3
4.1
Margin Trading
Yes
Yes
Margin Rate
4.5%
MetaTrader 4
Yes
No
MetaTrader 5
Yes
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
Yes
No
STP Account
Yes
Yes
ECN Account
Yes
No
DMA Account
No
No
MAM Account
Yes
No
PAMM Account
Yes
No
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
Yes
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
No
Copy Trading Platform
VT Markets provides trading through its unique VTrade service. Traders can select from over 100 strategies on an easy-to-use platform. Strategy providers also have the opportunity to increase their earnings via the rebate programme.
Social Trading
Yes
No
Trade Signals
Yes
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
Yes
Inactivity Fee
$0
€10 per 365 days
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
CAD
AUD
USD
EUR
GBP
Commodities
Silver
Gold
Natural Gas
Oil
Copper
Cocoa
Coffee
Cotton
Sugar
Orange Juice
Gold
Oil
Silver
Copper
Cotton
Sugar
Precious Metals
Gasoline
Cocoa
Coffee
Natural Gas
Nickel
Soybeans
Aluminium
Livestock
Corn
Palladium
Platinum
Wheat
Zinc
Lean Hogs
Cattle
CFD
VT Markets provides access to over 1,000 CFDs, including currencies, stocks, indices, ETFs, and commodities. The MetaTrader platform features numerous technical tools and built-in market analysis services, with no limitations on short-term trading tactics.
XTB provides an extensive range of CFDs, including forex, indices, commodities, stocks, ETFs, and cryptocurrencies, subject to location. EU and UK clients have leverage up to 1:30, whereas global users and pro traders can obtain up to 1:500. XTB excels in offering valuable resources and tutorials for short-term CFD trading strategies.
Leverage
1:500
1:30
FTSE Spread
From 40
1.8
GBPUSD Spread<
0.4 pips
1.4
Oil Spread
From 16
0.03
Stocks Spread
Variable
0.2%
Forex
VT Markets provides a decent range of over 40 forex pairs, offering leverage of up to 1:500. In the ECN account, forex spreads are very competitive, starting at 0.0 pips, whereas the Standard account has a slightly higher minimum spread of 1.2 pips when compared to Pepperstone or IC Markets.
XTB offers over 60 currency pairs with competitive spreads, averaging 1 pip on major pairs. The xStation platform is user-friendly, featuring over 30 indicators in its charting package and a variety of order types, supporting diverse trading strategies and risk management.
Assets
40+
70+
GBPUSD Spread
0.4 pips
1.4
EURUSD Spread
0.4 pips
1.0
EURGBP Spread
1.4 pips
1.4
Cryptocurrency
XTB provides a robust array of over 50 cryptocurrencies, featuring competitive spreads beginning at 0.22% on Bitcoin and leverage up to 1:5. The xStation platform facilitates trading with pairs like ETH/BTC and DSH/BTC. Traders can operate round-the-clock in a secure and transparent cryptocurrency trading environment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money