According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- TradeLocker
Our Evaluation of Vital Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Vital Markets is a broker with higher-than-average risk and the TU Overall Score of 4.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Vital Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Vital Markets caters to both novice and experienced traders with its array of account options. However, it's important to acknowledge the risks associated with trading through an unregulated broker situated in an offshore zone.
Brief Look at Vital Markets
Vital Markets operates as an STP/ECN broker, providing the TradeLocker platform for trading various assets like currency pairs, cryptocurrencies, stocks, commodities, and stock indices. Clients can access accounts with varied spreads (fixed/floating), fee structures, and trading volumes. The broker deals with cryptocurrency deposits and withdrawals, uses advanced encryption techniques, and offers two-factor authentication for account security.
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- Low minimum deposit of $10;
- Cent accounts designed for beginners and potential clients;
- Accounts without additional trading fees;
- Flexibility to trade using fixed or variable spreads;
- No charges for deposits or withdrawals;
- Leverage up to 1:500;
- 24/7 professional support.
- Operating without a regulatory license and registration offshore;
- Higher spreads on classic accounts;
- Insufficient training tools.
TU Expert Advice
Author, Financial Expert at Traders Union
Vital Markets offers a broad range of trading instruments, including Forex, cryptocurrencies, stocks, indices, and commodities, all through its TradeLocker platform. Account types vary, with demo, micro, and ECN/STP accounts. Traders benefit from a low minimum deposit of $10, high leverage up to 1:500, and no deposit/withdrawal or inactivity fees. Additionally, the platform supports fixed or floating spreads, catering to diverse trading strategies, including scalping and hedging.
However, Vital Markets operates without regulatory oversight and is registered offshore, which may concern traders prioritizing security and regulatory protection. While it offers no educational client support, spreads on the Classic account are comparatively high. The broker can be more suitable for experienced traders comfortable with higher risks and flexible trading settings. Beginners, particularly those valuing comprehensive educational tools, may find other platforms more aligned with their needs.
Vital Markets Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Vital Markets and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | TradeLocker |
|---|---|
| 📊 Accounts: | Demo, Micro, $0 Commission, Fixed Spread, ECN/STP, VIP |
| 💰 Account currency: | USD, EUR, GBP, CAD, AUD, BTC |
| 💵 Deposit / Withdrawal: | Cryptocurrency transactions, debit/credit card via third party providers |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:20-1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,05 pips |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, stocks, indices, commodities, metals |
| 💹 Margin Call / Stop Out: | N/A |
| 🏛 Liquidity provider: | Partner banks and financial organizations |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant and Market |
| ⭐ Trading features: | Accounts with variable and fixed spreads are available; trading on news, hedging, and scalping are allowed |
| 🎁 Contests and bonuses: | No |
The company doesn't deal with fiat currencies. It accepts BTC, ETH, DOGE, LTC, XRP, USDT (ERC20/TRC20), and USD Coin (TRC20) but only withdraws funds in Bitcoins. If a trader doesn't have a crypto wallet, they can buy Bitcoins on an external platform using a debit or credit card. The minimum deposit amount using a direct transfer from a crypto wallet is $10, through an external provider, it ranges from $25 to $50. Traders have the option to trade with floating or fixed spreads, with or without a commission per lot.
Vital Markets Key Parameters Evaluation
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Trading Account Opening
Creating a user account on the Vital Markets company website is done according to the instructions provided below:
To initiate the registration process with the broker, click on the Sign Up button.
Next, provide your name, surname, email, confirm adulthood, and create a secure password. To access the user account, a password and email address are used.
Functions of the Vital Markets user account:
In the user account, you can perform the following actions:
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Fund your trading account;
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Place withdrawal requests;
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Transfer funds between your accounts;
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View notifications about company news and the trading system's status;
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Manage 2FA settings;
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Register as a partner, track the number of active referrals, and the lots closed by them.
Regulation and safety
Vital Markets has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Flexible trading conditions with high leverage and less bureaucracy
- Not tier-1 regulated
- Not regulated
- No negative balance protection
- Track record of less than 8 years
Vital Markets Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Vital Markets is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Vital Markets have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Vital Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Vital Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Vital Markets Standard spreads
| Vital Markets | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,7 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,8 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Vital Markets RAW/ECN spreads
| Vital Markets | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,50 | 3 | 3,5 |
| EUR/USD avg spread | 0,05 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,10 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Vital Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Vital Markets Non-Trading Fees
| Vital Markets | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Vital Markets presents 5 account types. The leverage size is consistent across all accounts, yet there are constraints on larger deposits (starting from $500,000). There are no limitations on the number of active accounts per user, enabling traders to have multiple accounts in different currencies.
Account types:
Each trader also has the option to open a demo account with virtual capital ranging from $100 to $1,000,000.
The range of account options is a key benefit of Vital Markets, allowing traders of any experience, strategy, or deposit size to trade on terms that suit them in a comfortable setting.
Deposit and withdrawal
Vital Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Vital Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- BTC available as a base account currency
- Minimum deposit below industry average
- No withdrawal fee
- Bitcoin (BTC) accepted
- PayPal not supported
- No bank wire option
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Vital Markets deposit and withdrawal options?
Vital Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, BTC, USDT, Ethereum.
Vital Markets Deposit and Withdrawal Methods vs Competitors
| Vital Markets | Plus500 | Pepperstone | |
| Bank Wire | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Vital Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Vital Markets supports the following base account currencies:
What are Vital Markets's minimum deposit and withdrawal amounts?
The minimum deposit on Vital Markets is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Vital Markets’s support team.
Markets and tradable assets
Vital Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 25 Forex pairs.
- Crypto trading
- Indices trading
- Copy trading not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Vital Markets with its competitors, making it easier for you to find the perfect fit.
| Vital Markets | Plus500 | Pepperstone | |
| Currency pairs | 25 | 60 | 90 |
| Total tradable assets | 100 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Vital Markets offers for beginner traders and investors who prefer not to engage in active trading.
| Vital Markets | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support at Vital Markets is available to assist traders 24/7.
Advantages
- Support is provided 24/7
- Multi-channel online chat with minimal service delays
Disadvantages
- Cannot contact a company representative via messengers or social networks
- No service in the user account for sending personalized tickets
Available communication channels with Vital Markets support:
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Live chat;
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Email;
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Feedback form in the company's contact section;
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Call back option.
If necessary, assistance can be requested via phone through the online chat. To do this, one needs to write the question and provide the operator with their name, phone number, and country of residence.
Contacts
| Registration address | Vital Markets Group Ltd, 8, Copthall, Roseau Valley, 00152, Commonwealth of Dominica |
|---|---|
| Official site | https://vitalmarkets.com/ |
| Contacts |
Education
There's very little useful information for beginners on the Vital Markets website. There's a brief overview of essential trading terms in the documentation and FAQs sections.
When learning how to trade, it's advisable to use a demo account as it's the most effective tool for gaining practical trading skills. You don't need to deposit your own money for risk-free learning as the broker provides virtual funds.
Comparison of Vital Markets with other Brokers
| Vital Markets | Bybit | Eightcap | XM Group | Markets4you | NPBFX | |
| Trading platform |
TradeLocker | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5 | MT4 |
| Min deposit | $10 | No | $100 | $5 | No | $10 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:10 to 1:4000 |
From 1:200 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.5 points | From 0 points | From 0 points | From 0.8 points | From 0.1 points | From 0.4 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 100% / 20% | No / 30% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
Detailed review of Vital Markets
Vital Markets switched from traditional trading software to their own platform, aiming to give clients a unique experience with a wide range of assets and account choices. Traders can work with variable or fixed spreads, nearly zero spreads with a commission per lot, or standard accounts without extra fees and with average spreads. They offer demo trading for learning, practicing, testing signals, or getting familiar with Vital Markets’ conditions.
Vital Markets by the numbers:
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5 types of trading accounts plus a demo option;
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Spreads starting from 0.1 pips;
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Leverage is up to 1:500;
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5 asset classes available for trading.
Vital Markets operates with a unique platform that supports margin trading.
Vital Markets is a broker with a multifunctional proprietary platform supporting margin trading. The available leverage for traders depends on the trading instrument and the account balance. For accounts with capital below $500,000, the maximum leverage for currencies ranges from 1:50 to 1:500 depending on the class. For metals, indices, and energy resources, it's 1:200, and for cryptocurrencies, it's 1:100. If the account balance exceeds $500,000, the Forex leverage does not exceed 1:200. For cryptocurrencies, indices, and commodities, it's 1:50. The maximum leverage for stocks is 1:20 for all accounts regardless of balance. There are two instruments traded under unique conditions: the leverage for pairs with TRY (Turkish Lira) cannot exceed 1:50, and for SHB/USA1000, it cannot exceed 1:30.
The broker provides TradeLocker, a multifunctional trading and analytical platform. It allows setting market and pending orders, selecting lot sizes, and setting stop-loss and take-profit levels. Through a user-friendly interface, traders can manage positions and portfolios, switch chart styles between candles, bars, or lines, as well as integrate their own templates and indicators.
Useful Functions of Vital Markets:
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Market hours for Forex, metals, stock indices, energy resources, U.S. and EU stocks;
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A trading calculator that reflects the predicted profit for a selected period according to the compound interest formula;
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Press kit — a collection of marketing materials (banners, logos, and assistance in social media page design) to boost conversion in affiliate programs;
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Insights — a website section with the latest market news, overall trading trends, and useful reviews.
Advantages:
Rapid account verification — document validation within 24-48 hours;
Diverse range of trading accounts offering varied conditions;
Lucrative partnership program promoting productivity;
Swift deposit and withdrawal via cryptocurrency wallets;
No limitations on scalping, hedging positions, or news-based trading.
Vital Markets presently focuses on active trading and providing favorable conditions for clients preferring self-directed trading rather than passive strategies.
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