Choosing the right broker is crucial when you want to succeed in trading, whether it’s forex, stocks, or commodities. Two popular brokers that traders often compare are Exness and VT Markets. Both brokers offer competitive services, but there are key differences that could influence your decision. This article will break down the comparison of Exness vs VT Markets based on important factors like fees, trading platforms, regulations, and more.
Here’s a comparison table for Exness vs VT Markets if you are in hurry before we jump into to full comparison of the two brokers:
| Feature | Exness | VT Markets |
|---|---|---|
| Regulation | FCA, CySEC, FSCA | ASIC, CIMA |
| Trading Platforms | MT4, MT5, Exness Trader App | MT4, MT5, Mobile Trading App |
| Spreads | From 0.1 pips (Standard account) | From 0.0 pips (Raw ECN account) |
| Commission | From $3.5 per lot (Pro account) | $6 per lot (Raw ECN account) |
| Leverage | Up to unlimited | Up to 1:500 |
| Account Types | Multiple (Standard, Raw, Zero, etc.) | Standard STP, Raw ECN |
| Deposit/Withdrawal | Fast, various methods | Fast, various methods |
| Customer Support | 24/7 support | 24/5 support |
| Educational Resources | Basic tutorials and webinars | Comprehensive videos and eBooks |
Regulation and Security
One of the first things to consider when choosing a broker is regulation. A well-regulated broker ensures that your funds are secure.
- Exness is regulated by multiple top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. This wide array of regulatory licenses adds to its credibility.
- VT Markets, on the other hand, is regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). While these regulators are also reputable, Exness has a slight edge due to its presence under stricter regulations like the FCA.
Verdict: In terms of regulation, Exness takes the lead because of its more comprehensive global regulation.Trading Platforms and Tools
Both brokers offer traders access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are well-known for their user-friendly interface, powerful charting tools, and automated trading features.
- Exness: Besides offering MT4 and MT5, Exness provides its proprietary Exness Trader app, which allows you to manage your trades on the go. It also offers tools like free VPS hosting for fast execution, which is especially useful for algorithmic traders.
- VT Markets: VT Markets offers a similar setup with MT4 and MT5 platforms. In addition, they have a mobile trading app and provide access to a social trading platform, allowing traders to copy the strategies of more experienced traders.
Verdict: VT Markets edges ahead for traders who prefer social trading, but Exness has the advantage of an advanced trading ecosystem for more tech-savvy traders.Spreads and Fees
Cost is a key factor in choosing a broker because trading fees can eat into your profits.
- Exness offers competitive spreads, starting from as low as 0.1 pips on some accounts. There are also no commissions on their Standard account, making it a cost-effective choice for beginners. For professional accounts, commissions start from $3.5 per lot per side.
- VT Markets provides tight spreads as well, starting from 0.0 pips for its Raw ECN account, with a commission of $6 per lot per side. While the spreads are tighter in some accounts, the commission fees are slightly higher compared to Exness.
Verdict: If you prioritize low trading costs, Exness may be more attractive due to its competitive spreads and lower commission on some accounts.Leverage Options
Leverage allows you to control larger positions with a smaller amount of capital, but it also increases your risk.
- Exness offers flexible leverage, with some accounts going up to unlimited leverage. This can be a huge advantage for traders who are comfortable with high-risk strategies, but it also means you need to be extra cautious.
- VT Markets provides a maximum leverage of 1:500. While this is lower compared to Exness, it’s still a substantial amount of leverage, allowing for significant position sizes.
Verdict: Exness wins for traders seeking higher leverage, but keep in mind the risks associated with using too much leverage.
Account Types
Different brokers offer various account types to suit different kinds of traders.
- Exness offers a wide range of account types, including Standard, Standard Cent, Raw Spread, Zero, and Pro accounts. The variety ensures that both beginners and experienced traders can find something that fits their needs.
- VT Markets offers two main types of accounts: Standard STP and Raw ECN. While the options are fewer, they still cater to different trader profiles, offering both commission-free and low-commission accounts.
Verdict: Exness offers more variety when it comes to account types, making it more versatile for different trading styles.
Deposit and Withdrawal Options
A broker’s deposit and withdrawal process can impact your trading experience. Fast, reliable methods are essential to ensure you can fund your account or withdraw profits without delay.
- Exness provides numerous payment methods, including bank transfers, credit cards, and e-wallets like Skrill and Neteller. Withdrawals are processed quickly, often instantly for e-wallets.
- VT Markets offers similar payment options, including bank wire transfers, credit cards, and PayPal. Withdrawal times can vary depending on the method but are generally processed within 24 hours.
Verdict: Both brokers offer multiple payment methods and fast withdrawal times, making this category a tie.
Customer Support
Customer support is crucial, especially when issues arise that could affect your trades.
- Exness offers 24/7 customer support in 15 languages via live chat, phone, and email. Their website is also available in multiple languages, making it easier for traders from various regions to navigate.
- VT Markets provides 24/5 support through live chat, email, and phone. Their customer service is generally responsive, but it’s not available 24/7 like Exness.
Verdict: Exness has an advantage in this area, providing round-the-clock support.
Educational Resources
For traders who are new to the market or looking to improve their skills, educational resources can make a big difference.
- Exness offers a variety of educational materials, including webinars, tutorials, and articles. However, their educational resources are somewhat basic compared to other brokers.
- VT Markets provides a more comprehensive educational section with video tutorials, eBooks, and even demo trading competitions. This can be especially helpful for new traders looking to get hands-on experience.
Verdict: VT Markets wins in terms of education, making it a great choice for beginners.
Final Verdict:
Both Exness and VT Markets are strong contenders in the brokerage industry, but they cater to slightly different types of traders.
- Choose Exness if you want a broker with top-tier regulation, lower fees, high leverage, and 24/7 customer support. It’s ideal for professional traders who need advanced tools and flexible account options.
- Choose VT Markets if you prefer a broker with better educational resources, social trading, and solid customer support. VT Markets may also appeal to traders looking for a more simplified account setup and moderate leverage.
Ultimately, the choice between Exness vs VT Markets comes down to your trading style and personal preferences. Whichever you choose, both brokers offer reliable services, so you can focus on what really matters—growing your trading skills and success.
By comparing Exness and VT Markets, you can now make an informed decision.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.