Broker Reviews

VT Markets review (for Canadian traders)

Updated October 27, 2026 · By the Pips & Gold team

Disclosure: This page may contain affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. It never changes what we write. Details.

VT Markets is an offshore CFD and forex broker that accepts Canadian clients and offers high leverage, MetaTrader 5 and cent accounts. It's also a broker our team uses. That's exactly why this review needs to be honest: VT Markets is not registered in Canada. Here are the facts from VT Markets' own site, with worked cost examples, so you can decide for yourself.

By Pips & Gold teamLast updated October 21, 202610 min readLevel: All levels

Key takeaways

VT Markets isn't registered with CIRO or any Canadian regulator, so CIPF and Canadian complaint services don't apply.
Its dealer entity, VT Markets Limited, is licensed by the Financial Services Commission of Mauritius.
Accounts: Standard STP from 1.2 pips with no commission; RAW ECN from 0.0 pips plus $6 per lot round turn; Cent accounts on MT5.
Leverage is very high (up to 500:1 on accounts, more on gold), which makes small mistakes expensive.

VT Markets at a glance

Affiliate noticeSome broker links on this page are affiliate (referral) links. If you open an account through one, Pips & Gold may be paid by the broker, at no extra cost to you. This never changes what we write. Affiliate disclosure.

Our connectionOur team trades with VT Markets, and the VT Markets links on this page may become referral links that pay us. That doesn't change the facts below.

From VT Markets' Canadian website and help centre. *Leverage varies by account type, market, region and position size.

Why there are no star ratingsWe don't give star ratings. We haven't got a measured, repeatable way to score brokers yet, and a number without a method would just be an opinion dressed up as a fact. Instead, the facts are in the tables, with links to where we found them.

Regulation

VT Markets is a group of companies. Its Canadian website lists:

Company	Licence	Role
VT Markets Limited	Financial Services Commission (FSC) of Mauritius, licence GB23202269	Full-service investment dealer (the product supplier)
VT Markets (Pty) Ltd	Financial Sector Conduct Authority, South Africa, FSP 50865	Intermediary only; not the counterparty to your trades
VT Markets (Pty) Ltd, Dubai Branch	UAE Capital Markets Authority, Category 5	Introduction and promotion only
VTMarkets Ltd (Cyprus)	None (company registration HE436466)	Services such as payments; no trading services

None of these is registered in Canada. VT Markets also says it doesn't serve residents of the United States and some other countries.

Fake “VT Markets” websites: how to spot them

Scammers copy the names of real brokers. They build look-alike websites, send links by WhatsApp, Telegram or social media, and take deposits that are never seen again. The real VT Markets has nothing to do with these sites, but if you send money to one, the real broker can't help you get it back.

Make sure you're on www.vtmarkets.com

On June 30, 2026, VT Markets published a notice saying it had found “a number of websites and platforms that appear to be using the VT Markets name, branding or other identifying features without authorisation”, and that these are not affiliated with or operated by VT Markets (VT Markets notice).

VT Markets recommends typing its official address into your browser or using its official app, being careful with links in unsolicited messages and ads, and never sharing your password or one-time codes. Its contact address for questions is info@vtmarkets.com.

Its notice doesn't list the fake addresses, so the picture below shows the patterns to watch for rather than real addresses. The Canadian site is vtmarkets.com/en-ca.

Read the whole address, letter by letter. Extra words like “invest”, “trade” or “pro” are a red flag.

How to stay on the real site

Type the address yourself (www.vtmarkets.com) and bookmark it. Use the bookmark every time.
Don't click links in ads, direct messages, WhatsApp or Telegram, even if the person seems friendly or claims to be an account manager.
Check the company name at the bottom of the site and in your client agreement, and match it to a licence on the regulator's own website.
Never share your password or one-time code with anyone, and never let anyone “help” by taking control of your computer.
If something feels wrong, stop. Contact the broker through the address you typed yourself, and report the fake site to your provincial securities regulator.

Account types

Account	Spread from	Commission	Platforms	Minimum deposit
Standard STP	1.2 pips	$0	MT4, MT5	$100
RAW ECN	0.0 pips	$6 per lot, round turn	MT4, MT5	$100
Pro ECN	Raw pricing	Forex and gold from $2 to $4 round turn; $0 on silver and oil	MT5	Eligibility rules (see below)
Cent (STP / ECN)	1.1 pips / 0.0 pips	$0 / $6 round turn	MT5	US$50 (shown as 5,000 US cents)

Base currencies for Standard and RAW include CAD and USD. Minimum trade size is 0.01 lot. Cent accounts cover forex, gold, silver and oil only. Swap-free versions are offered (admin fees may apply), and a demo account is available.

Pro ECN and referral linksVT Markets says Pro ECN needs either USD 500,000+ volume with 5+ closed trades, or a balance over USD 10,000 with one closed trade, in a 30-day window. It also says clients signed up under an IB (introducing broker) aren't eligible. If you open your account through an IB referral link, Pro ECN may not be available to you.

Spreads and commissions, worked out

With these example spreads, RAW costs less per lot. Check real spreads on a demo at your trading hours.

Worked example

RAW vs Standard on 0.30 lot of EUR/USD

$3 per pip at 0.30 lot. Standard spread 1.2 pips; RAW spread 0.2 pip plus $6 per lot round turn.

Standard: 1.2 × $3 = $3.60 RAW: 0.2 × $3 = $0.60 + 0.30 × $6 = $1.80 → $2.40 Over 20 trades: $72.00 vs $48.00

Worked example

Gold on RAW

XAUUSD is 100 oz per lot. 0.10 lot = 10 oz, so each $0.10 of spread costs $1. Assume a $0.15 spread.

Spread: $0.15 × 10 oz = $1.50 Commission: 0.10 × $6 = $0.60 Total per trade ≈ $2.10

Compare your own numbers

Trade cost calculator

For learning only. Brokers differ in contract sizes and rounding, so always check your broker's contract specification.

Leverage: the big draw, and the big danger

VT Markets' account pages list leverage up to 500:1, and its gold page lists XAUUSD up to 2000:1 (varies by account, market, region and position size). Canadian-regulated brokers need about 22% margin on gold.

The same trade needs about 110× less margin offshore. The risk on the trade is identical.

Worked example

What a $20 gold move does

$1,000 account. 0.10 lot of gold (10 oz). Gold moves $20 against you, a normal day's range.

Loss = $20 × 10 oz = $200 = 20% of the account

High leverage let that trade open on a $1,000 account. That doesn't make it a sensible size. At 1% risk ($10), a $20 stop would mean 0.005 lot: too small to place, so you'd need a tighter stop, a bigger account or a cent account. See risk management basics.

Gold at VT Markets

Symbol	Contract size	Minimum	Trading hours (server time)
XAUUSD	100 oz per lot	0.01 lot	Mon–Fri 01:00–24:00
XAUUSD247	1 oz per lot	1 lot	Mon–Sun 00:00–24:00 (weekend trading)
GAUUSD	100 g per lot	0.01 lot	Mon–Fri 01:00–24:00

Weekend goldXAUUSD247 trades at weekends when the main gold market is closed. Prices and spreads can behave very differently then. EAs built for XAUUSD shouldn't be run on it without testing.

Platforms and EAs

VT Markets offers MetaTrader 4, MetaTrader 5, TradingView, its own app and WebTrader. Because MT5 is available, MT5 EAs, including ours, can run here. Cent accounts are MT5-only, which suits small-scale EA testing.

Check the symbolOn MT5, right-click a symbol and choose Specification to confirm the contract size, digits and swap before you run any EA.

Deposits and withdrawals

	What VT Markets' help centre says
Minimum deposit	Generally 50 in your account currency (CAD 50, USD 50); account pages list $100 for Standard and RAW
Minimum withdrawal	Generally 40 (CAD 40, USD 40)
Deposit time	Cards, e-wallets, crypto: within about 60 minutes. Local bank transfer: within 1 business day. International wire: 3–7 business days
Withdrawal time	1–7 working days after approval, depending on method
Withdrawal fees	First bank wire each month free, then about US$20 per wire; Skrill 1%; Neteller 2%
Deposit fees	No handling fee from VT Markets; your bank or provider may charge

Worked example

What a withdrawal really costs

You withdraw twice in one month by bank wire, then once by Neteller (US$500).

Wire 1: $0 Wire 2: about $20 Neteller 2% of $500: $10 Total: about $30 (plus any bank fees)

Plan withdrawals: one wire a month is free.

BonusesVT Markets advertises trading bonuses. Bonus credit has its own terms, and VT says a credit bonus can be removed when a negative balance is reset. Read the terms before accepting one.

Negative balance protection

VT Markets' help centre says it offers negative balance protection: after a stop-out, a negative balance can be reset to zero, automatically or on request, once all positions are closed. It also says this follows an internal review, depends on the terms and the entity your account is with, and isn't compensation for losses. PAMM/MAM accounts aren't eligible for the self-service reset.

Who it suits, and who it doesn't

Might suit	Not for
Experienced traders who understand and accept the offshore risk	Anyone who wants Canadian protection (CIPF)
Small-scale MT5 EA testing on a cent account	US residents (not accepted)
Traders who want RAW pricing and MT5	Beginners tempted to use the full leverage

US readers: in the US, retail forex dealers must be registered with the CFTC and be NFA members. Offshore brokers like this one are not, and generally don't accept US residents. See our Canadian and US regulated reviews instead.

Visit VT Markets

Prefer Canadian protection? Compare our Canadian-regulated reviews: OANDA, FOREX.com and Interactive Brokers.

How to check this broker yourself

Offshore brokers aren't on Canadian registers, so checking them takes a little more work. Here is how to check VT Markets yourself in about fifteen minutes:

Find the licence on the home regulator's own website, not on the broker's site:
- FSC Mauritius register of licensees: search VT Markets Limited (GB23202269).
- FSCA South Africa: search FSP 50865.
Check which company holds your account. VT Markets' site lists the Mauritius-licensed VT Markets Limited as the product supplier, with the South African company acting only as an intermediary. Your client agreement names the company that holds your money. Make sure it matches a licence you found in step 1.
Search Canadian warnings. Check the BCSC Investment Caution List, the CSA investor alerts (including AMF alerts), the OSC investor warnings and the CSA's registration search.
Read the bonus and withdrawal terms before you accept any bonus. Bonus credit often has conditions and can be removed.
Test a small withdrawal early, before you add more money. A broker that pays out smoothly at the start is a good sign; delays are a warning.

No Canadian safety netIf an offshore broker fails or refuses to pay, CIPF does not cover you, and Canadian complaint services (such as OBSI) can't act for you. Only deposit money you can afford to lose.

Common mistakes

Using the full leverage. Size from your stop and a fixed % risk.
Skipping the registration check. Check who holds your account and where it is licensed first.
Accepting a bonus without reading the terms. Bonus credit can be removed.
Running a gold EA on XAUUSD247. Weekend gold behaves differently.
Depositing a lot before a test withdrawal. Withdraw a small amount first.
Assuming CIPF covers you. It doesn't, for offshore brokers.
Following a link someone sent you. VT Markets itself warns about fake sites; type vtmarkets.com yourself.

Printable checklist

I typed vtmarkets.com myself and bookmarked it.
I know CIPF and Canadian complaint services don't cover me here.
I checked the FSC Mauritius register myself.
I know which VT company my client agreement names.
I compared Standard and RAW costs for my typical trade.
I size trades from my stop, not from the leverage offered.
I read the bonus terms (or declined the bonus).
I made a small test withdrawal.

Frequently asked questions

Is VT Markets regulated in Canada?

No. VT Markets isn't registered with CIRO or any Canadian provincial regulator. Its dealer company, VT Markets Limited, is licensed by the FSC of Mauritius.

Does VT Markets offer MT5?

Yes. It offers MT4, MT5, TradingView, its own app and WebTrader. Cent accounts run on MT5.

What does a RAW ECN account cost at VT Markets?

Spreads from 0.0 pips plus $6 per lot round turn. On 1.00 lot of EUR/USD with a 0.2-pip spread, that's about $2 + $6 = $8.

What is the minimum deposit at VT Markets?

Its account pages list $100 for Standard and RAW accounts. Its help centre says the general minimum is 50 in your account currency, and cent accounts start at US$50.

Does VT Markets accept US clients?

No. VT Markets says it doesn't offer its services to residents of the United States.

Risk warning: most EAs lose money in the long runTrading forex and gold with leverage is high risk and you can lose all of your deposit. Most Expert Advisors do not make money over the long term. Every result shown here is a backtest on past prices, not live trading, and past results do not promise future results. Live results will be different because of spreads, commission, slippage and changing markets. This is not financial advice. Test on a demo account first and only trade money you can afford to lose. Full risk disclaimer.

Sources and further reading

This guide is general education, not financial advice. Broker terms differ; always check your own broker's contract specifications.