Is VT Markets Legit?
Always up-to-date
Our experts continuously verify broker data to provide the most up-to-date information.
- Best for Raw spread
- Best for Australia
- Best for Mobile trading
- Min deposit
- $100
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · FSCA
Quick answer
VT Markets is a legitimate broker, not a scam. Founded in 2015, it holds an ASIC (Australian securities regulator) licence (AFS 516246) and an FSCA (South African conduct regulator) licence (FSP 50865). Most international clients are placed under the FSC Mauritius (offshore-tier regulator) entity, which carries no statutory compensation fund. I funded an account and tested withdrawals in 2026. Funds sit in segregated accounts (client money separated from company funds).
Is VT Markets legit and regulated?
In my testing I funded a live VT Markets account and ran withdrawals in 2026. The broker is legitimate, regulated, and not a scam.
Is VT Markets legit? The regulatory structure answers that question.
Three entities carry the licence schedule: ASIC (Australian Securities and Investments Commission), FSCA (Financial Sector Conduct Authority of South Africa), and FSC Mauritius (Financial Services Commission of Mauritius).
- ASIC, AFS 516246: Australia’s main financial conduct regulator, with strict capital rules and AFCA (Australian Financial Complaints Authority) dispute-scheme access for Australian clients.
- FSCA, FSP 50865: South Africa’s conduct regulator for retail traders.
- FSC Mauritius, GB23202269: An offshore-tier regulator. Most international clients outside Australia and South Africa are placed under this entity.
Your country determines which entity holds your account. That entity determines the protection level.
⚠️ The FSC Mauritius entity carries no statutory investor compensation scheme. If it became insolvent, no government-backed fund covers your balance.
Client funds are held in segregated accounts across all entities. This means client money is kept separate from the company’s operating capital.
I cross-checked the ASIC and FSCA licences against the public registers in June 2026. Both are active and valid.
VT Markets also carries a UK Financial Conduct Authority (FCA, the main UK financial regulator) public-warning notice from 2023. The broker is not FCA-authorised for UK retail clients.
For UK traders, this means no FCA conduct oversight, no FSCS (Financial Services Compensation Scheme, UK statutory protection up to £85,000) cover, and no access to the Financial Ombudsman Service. Choose an FCA-authorised broker if UK regulation is a requirement.
VT Markets has operated since 2015 and holds a Trustpilot score of 4.4 from over 2,700 reviews. Complaints cluster on KYC (Know Your Customer) verification delays, not systematic withdrawal refusals.
In my 2026 testing, Skrill and local bank withdrawals settled within one business day. VT Markets charged no fee on its side.
The broker is not a scam. The more useful question is whether the offshore regulatory tier matches the capital you plan to fund.
Key facts
| Detail | VT Markets |
|---|---|
| Regulation | ASIC, FSCA, FSC Mauritius |
| License | AFS 516246 (ASIC); FSP 50865 (FSCA); GB23202269 (FSC) |
| Deposit protection | Segregated accounts; no statutory compensation fund under FSC Mauritius |
| Founded | 2015 |
| Headquarters | Sydney, Australia |
Should you trade with VT Markets?
Traders in Australia, South Africa, the UAE, Malaysia, Vietnam and Southeast Asia will find VT Markets competitive for raw-spread (the tightest market spread, no broker mark-up) CFD trading. The Raw ECN (Electronic Communications Network: orders matched directly against liquidity providers) account opens from $100 with spreads from 0.0 pips (pips = the smallest price move in a currency pair) and a flat $6 commission per standard lot (a standard lot = 100,000 currency units), for roughly $7 all-in per trade.
UK residents face a genuine barrier: no FCA authorisation and a public-warning notice from 2023. An FCA-authorised broker is the safer option if UK conduct oversight matters to you.
Traders who need a statutory compensation fund should use a CySEC (Cyprus Securities and Exchange Commission, with EU passport)-regulated broker, where the ICF (Investor Compensation Fund) covers up to €20,000, or an FCA broker where FSCS covers up to £85,000. The FSC Mauritius entity, used by most VT Markets international clients, carries no such scheme.
Before funding, confirm which entity onboards you in the client agreement. For readers outside Australia and South Africa, that will be the FSC Mauritius entity.
Read the full VT Markets review for spread test results, withdrawal timing across all rails, and platform comparisons. To compare the regulated-broker field, see the best forex brokers guide.
Frequently asked questions
Which VT Markets entity will hold my account?
Your country determines the entity. Australian clients are onboarded under VT Markets Pty Ltd, which holds an ASIC (Australian Securities and Investments Commission) licence (AFS 516246). South African clients use VT Markets (Pty) Ltd, regulated by the FSCA (Financial Sector Conduct Authority) under FSP 50865. Traders across Europe, MENA, Southeast Asia, and Latin America are placed under VT Markets Ltd, registered with the FSC (Financial Services Commission) in Mauritius under licence GB23202269. Read the client agreement before funding to confirm which licence applies to you.
Does VT Markets protect client funds?
VT Markets holds client funds in segregated accounts (client money kept separate from the company's operating capital) across all entities. Under the FSC Mauritius entity (which onboards most international clients), there is no statutory investor compensation scheme. Segregated accounts are the practical protection available. Australian clients under the ASIC entity benefit from stricter capital adequacy rules and access to the AFCA (Australian Financial Complaints Authority) dispute scheme.
Is VT Markets a scam?
No. VT Markets is a legitimate, regulated broker with over 2,700 verified Trustpilot reviews and a 4.4 rating. The broker has operated since 2015 without reports of systematic withdrawal denial. UK residents should note the FCA (Financial Conduct Authority, the main UK financial regulator) public-warning notice from 2023: VT Markets is not FCA-authorised for UK retail clients. For a full safety assessment and 2026 withdrawal test results, read my answer to Is VT Markets Safe at /vt-markets-is-vt-markets-safe/.
What is the minimum deposit for VT Markets?
$100 to open either a Standard STP (spread-only pricing, orders route directly to liquidity providers) or Raw ECN (orders match against a pool of market participants, spreads from 0.0 pips plus a $6 round-turn commission per lot, where a round-turn covers one full trade: entry plus exit) account. A pip is the smallest price movement in a currency pair. A standard lot is 100,000 currency units, making the all-in cost roughly $7 per trade. The same $100 floor applies on MT4, MT5, the VT Markets app, and WebTrader+. In my 2026 testing, Skrill and local bank withdrawals settled within one business day with no fee charged by VT Markets. Complete identity verification before your first deposit to avoid a hold on the initial withdrawal.
Is VT Markets available in the USA or UK?
VT Markets does not accept US residents: it holds no CFTC (Commodity Futures Trading Commission) or NFA (National Futures Association) licence. UK residents can open an account, but VT Markets is not FCA-authorised and has carried a public-warning notice from 2023. UK clients are routed through the FSC Mauritius entity, which carries no FSCS (Financial Services Compensation Scheme) cover. New Zealand is also restricted. FCA-regulated alternatives include Pepperstone UK and CMC Markets.