Yes, VTMarkets offers an advanced demo trading account in a zero-risk trading environment. The demo account has the option of being converted into a real live account. The demo account has a trust score of 71%.
VT Markets at a glance
| 🏢 Headquartered | Sydney, Australia |
| 🌐 Global Offices | South Africa, Saint Vincent and the Grenadines, Taiwan |
| 🇿🇦 Local Market Regulators in South Africa | Financial Sector Conduct Authority (FSCA) |
| 🇿🇦 Foreign Direct Investment in South Africa | R10309.28 billion ZAR |
| 🇿🇦 Foreign Exchange Reserves in South Africa | R46.3 billion ZAR |
| 🇿🇦 Local office in South Africa? | No |
| 🇿🇦 Governor of SEC in South Africa | None, the governor of the Reserve Bank in South Africa is EL (Lesetja) Kganyago |
| 🇿🇦 Accepts South Africa Traders? | Yes |
| 📅 Year Founded | 2015 |
| 🇿🇦 South Africa Office Contact Number | No |
| 🌐 Social Media Platforms | LinkedIn Youtube |
| ⚖️ Regulation | ASIC, FSCA, SVG FSA |
| 🥇 Tier-1 Licenses | Australian Securities and Investment Commission (ASIC) |
| 🥈 Tier-2 Licenses | Financial Sector Conduct Authority (FSCA) |
| 🥉 Tier-3 Licenses | Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) |
| 📜 License Number | Australia – AFSL 516246 South Africa – FSP 50865 Saint Vincent and the Grenadines – 673 LLC 2025 |
| ⚖️ FSCA Regulation | Yes, FSP 50865 |
| 🌐 Regional Restrictions | United States, North Korea |
| ☪️ Islamic Account | Yes |
| 📒 Demo Account | Yes |
| 📒 Retail Investor Accounts | 2 |
| 📒 PAMM Accounts | Yes |
| 📒 Liquidity Providers | Bank of America, Barclays, BNP Paribas, Crédit Agricole, HSBC, and JPMorgan Chase |
| 📒 Affiliate Program | Yes |
| 📒 Order Execution | Market Execution |
| 📈 Starting spread | 0.0 pips EUR/USD |
| 📈 Minimum Commission per Trade | $6 per round turn |
| 💯 Decimal Pricing | 5th Decimal |
| 🗨️ Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| ⬇️ Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Size | 500 lots |
| ₿ Crypto trading offered? | No |
| 🇿🇦 Offers a ZAR Account? | No |
| 🇿🇦 Dedicated South Africa Account Manager? | No |
| ⬆️ Maximum Leverage | 1:500 |
| 🇿🇦 Leverage Restrictions for South Africa? | No, not under FSCA regulation |
| 💰 Minimum Deposit (ZAR) | R1,700 ZAR ($100) |
| 🇿🇦 ZAR Deposits Allowed? | Yes, via the South African office |
| 🇿🇦 Active South Africa Trader Stats | 200,000+ |
| 🇿🇦 Active South Africa -based VT Markets customers | Unknown |
| 🇿🇦 South Africa Daily Forex Turnover | $13.1 billion USD |
| 💰 Deposit and Withdrawal Options | UnionPay transfer Mobile Pay Skrill Neteller FasaPay Vietnam Instant Bank Wire Transfer UK Instant Bank Transfer Thailand Instant Bank Transfer USDT Credit/Debit Cards |
| ⌛ Minimum Withdrawal Time | Instant |
| ⌛ Maximum Estimated Withdrawal Time | Up to 7 workdays |
| 💰 Instant Deposits and Instant Withdrawals? | Yes |
| 🇿🇦 Segregated Accounts with South African Banks? | Yes |
| 📊 Trading Platforms | MetaTrader 4 MetaTrader 5 VT Markets App |
| 📊 Tradable Assets | Forex Indices Energies Precious Metals Soft Commodities ETFs US Share CFDs UK Share CFDs EU Share CFDs HK Share CFDs CFDs on Bonds |
| 💱 Offers USD/ZAR currency pair? | Yes |
| 💱 USD/ZAR Average Spread | 60 pips |
| 🇿🇦 Offers South African Stocks and CFDs | No |
| 💬 Languages supported on the Website | English, French, Spanish, Portuguese, Italian, German, Turkish, Japanese, Thai, Malaysia, Vietnamese, Korean |
| 💬 Customer Support Languages | Multilingual |
| ℹ️ Copy Trading Support | Yes, VTrade |
| ℹ️ Customer Service Hours | 24/5 |
| 🇿🇦 South Africa-based customer support? | Yes |
| 🇿🇦 Bonuses and Promotions for South Africa Traders | Yes |
| 🇿🇦 Education for South African beginners | Yes |
| Proprietary trading software | Yes |
| 🇿🇦 Most Successful Trader in South Africa | Ref Wayne ($500 million USD+) |
| 🇿🇦 Is VT Markets a safe broker for South Africa Traders? | Yes |
| 💯 Rating for VT Markets South Africa | 8/10 |
| 💯 Trust score for VT Markets South Africa | 71% |
Min Deposit
USD 100
Regulators
ASIC, FSCA
Trading Platform
MT4, MT5, WebTrader, WebTrader+, VT Markets App
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our VT Markets demo account below.
VT Markets Demo Account – 5 key points quick overview:
- ✅ VT Markets at a glance
- ✅ How to set up a Demo Account – Step by Step
- ✅ VT Markets Demo Account Features
- ✅ VTMarkets Demo Account Pros and Cons
- ✅ Frequently asked questions
How to set up a Demo Account – Step by Step
To register a demo account with VT Markets, South African traders can follow these steps:
- Go to the official VT Markets Website and click on the “Try a free demo” link that can be found below or next to the “Start Trading” banner on the homepage.
- A new page will load, and you can read through the features of the VT Markets demo account. Note that the demo account is only available for 90 days, after which it will expire, and you must register a new demo account.
- Select “South Africa” from the dropdown list.
- Provide your cellphone number. The country code for South Africa (27) is already entered, and you can type in your number in the field below this.
- Enter your First and Last name as it appears on your South African ID book or card.
- Provide a valid email address (you will receive all communication on this email address, including the link to verify your email address).
- Click the “Next step” banner to proceed.
- Select your maximum leverage ratio from the options available (100:1, 200:1, 300:1, 400:1, or 500:1) and choose your preferred account currency from the dropdown list available (USD, AUD, CAD, EUR, or GBP).
- Choose your preferred virtual account balance from the dropdown list. You need not worry about running out of funds, as you can reset this amount anytime.
- Lastly, click “Open a demo account” to submit your information.
- Check your email to receive the verification link and return to the VT Markets website to complete the setup and start trading in a risk-free environment.
VT Markets Demo Account Features
VT Markets’ demo account has the following unique features:
| ℹ️ Deposit and Withdrawal Fees |
| ✅ A fixed $20 fee for withdrawals once the free monthly withdrawal has been exceeded. |
| ✅ Fasapay incurs a 0.5% fee. |
| ✅ Skrill withdrawals will incur a 1% withdrawal fee. |
| ✅ Neteller will incur a 2% handling fee. |
VTMarkets Demo Account Pros and Cons
| ✅ Pros | ❌ Cons |
| ✅ VT Markets’ practice account registration takes only a few minutes | ❌ The demo account is only available for 90 days |
| ✅ The virtual funds go up to $100,000 and can be reset at any time | ❌ While ideal for beginners, the demo account can give traders a false sense of security, and they might become complacent and lose funds when they trade using their own capital |
| ✅ Traders can choose leverage up to 1:500 on the demo account | |
| ✅ There is no minimum deposit to use the VT Markets demo, and everyone is welcome | |
| ✅ Traders have access to educational materials and guides to help them navigate complex financial markets |
Min Deposit
USD 100
Regulators
ASIC, FSCA
Trading Platform
MT4, MT5, WebTrader, WebTrader+, VT Markets App
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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Frequently asked questions
Can I use the demo account on VT Markets MT4?
The VT Markets demo account is available across all trading platforms, including MetaTrader 4.
Does the VT Markets App give me access to demo trading?
You can use the VT Markets app to access your demo account and monitor positions.
What other VT Markets Account Types can I access?
When you have gained enough experience using the VT Markets practice account, you can register a Standard STP or Raw ECN account with VT Markets.
Can I contact VT Markets live to chat to help me if I make a mistake or need help?
VT Markets’ dedicated customer support is a great tool for beginners learning to navigate the markets by pointing them in the right direction.
For instance, customer support can advise on risk management tools, provide links to educational materials, etc. However, they cannot provide trading or financial advice.
How do I get my VT Markets login?
Once you have registered, you will either receive your login via email or it will show on your screen.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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