VG Markets Review-What You Need to Know

About VG Markets

VG Markets is a newly established CFD broker, yet it has quickly built a strong following among active traders. VG Markets focuses on safety and is regulated by ASIC in Australia and the FSCA in South Africa. Backed by its ASIC license, client funds are strictly segregated from company capital and held at the National Australia Bank. When it comes to trading costs, traders can enjoy competitive and transparent spreads, as orders are directly routed to liquidity providers on this platform.

VG Markets at a glance

Regulation and Fund Protection

VG Markets Regulation

Regulation is a sensible place to start. VG Markets operates through entities associated with Australia's Australian Securities and Investments Commission (ASIC, license No. 556530), South Africa's Financial Sector Conduct Authority (FSCA, No. 54461) and the Anjouan Offshore Finance Authority (AOFA) in the Union of the Comoros. These authorizations apply to different legal entities, rather than providing a single, universal regulatory status for the entire group.

Funds Protection Measures

Client-money arrangements deserve equal attention. With VG Markets, client funds are held separately from the company's operating funds, where applicable.

Segregation is intended to reduce the risk of customer money being mixed with business funds. It is worth noting that under VG Markets' ASIC license, clients' funds are held with National Australia Bank (NAB). Another shining point is that VG Markets also provides negative balance protection.

For investors, the practical lesson is straightforward: regulatory licenses and segregated accounts are useful safeguards, but neither makes trading risk-free.

It is important to note that a secure, regulated broker offers no guarantee of trading success. Volatility, leverage, and poor execution can still drain an account if risk is left unchecked.

VG Markets Tradable Assets

VG Markets provides access to more than 100 tradable instruments, including popular forex pairs, Metals and Energies, indices, and cryptos. In terms of cryptocurrency trading, VG Markets has partnered with Fireblocks to provide an extra layer of digital asset security. Overall, VG Markets’ crypto infrastructure rests on four pillars: access to over 150 blockchain networks and 70,000+ tokens; secure P2P settlement via the Fireblocks Network; automated governance using custom policy engines for transfer controls; and integrated fiat on/off-ramps that streamline capital movement between traditional money and digital assets.

Minimum Deposit

VG Markets allows traders to get started with micro-lots as small as 0.01 and a very low minimum deposit of just $20. Most traders, especially beginners, have the chance to gain some hands-on experience on this platform.

How to open an account with VG Markets?

Unlike many other CFD brokers, VG Markets does not offer diversified trading accounts. It offers a standard account for all traders. Opening an account on VG Markets is simple.

Step 1: Visit the VG Markets website and click the "Sign up" button on its homepage. Or via the mobile app, which supports registration with email, Google, or Facebook.

Step 2: Identity Verification

After logging in, upload your proof of identity. VG Markets accepts a national ID card, passport, or driver’s licence. You will also need to complete facial recognition. In most cases, the review is completed within 30 minutes.

Step 3: Activate Your Account

Once your verification is approved, your live account will be activated immediately, and you can proceed with funding and trading on the VG Markets mobile app.

VG Markets Trading Costs-Spreads and Commissions

With VG Markets, traders can enjoy raw spreads on some popular forex pairs, and there is no commission charged. This is deeply associated with its STP model. Under STP, orders are routed to liquidity providers rather than necessarily being matched against the broker's own dealing book.

Testing across both demo and real accounts (live since September 30th) showed that spreads hold steady under typical conditions. Yet, liquidity fluctuations during sudden news events can still cause spreads to widen abruptly.

Overnight financing is another expense worth watching. VG Markets promotes low overnight fees.

VG Markets Leverage

VG Markets offers generous floating leverage up to 500X for most currency pairs trading, 50x leverage for silver trading, 100x for gold trading, and Index trading. For cryptos, it gives leverage up to 20:1, much higher than other brokers' limited leverage cap at 5x. High leverage can increase trading flexibility; however, it can also increase risk at the same time.

VG Markets Platforms and Order Execution

VG Markets does not offer MT4 or MT5 trading platforms, as it has its own proprietary trading platform-VG Markets APP. AG Markets employs an STP order execution model, which means orders are directly routed to liquidity providers. Besides free VPS is offered to reduce latency when trading.

VG Markets Deposits and Withdrawals

VG Markets offers multiple payment options for clients to make deposits and withdrawals, including bank transfer, crypto for global traders, as well as some local payment systems targeting specific countries like Malaysia, Indonesia, Vietnam, the Philippines, and Thailand.

Minimum Deposit Amount

Minimum deposits actually vary depending on the chosen payment method and your country of residence. Cryptocurrency deposits start at 20 USD. Bank wire transfers start at least 100 USD and require EDD (Enhanced Due Diligence).

Withdrawal determines the last step of your trading. As per VG Markets, it takes 2-3 hours for funds to arrive in the client's account, while under abnormal circumstances, it may take up to 24 hours to receive the funds. This would be reasonable for many traders, provided the timeframe is clearly defined. I tested the withdrawal via bank transfer on its trading app on 12th October, and I got my money within 24 hours, so I would say withdrawal is quite fast.

Educational Resources

Regarding educational content, VG Markets actually does not shine. However, it continues to expand this offering, and currently it offers access to Trading Central and FXStreet to provide a solid educational background.

Customer Services

While VG Markets advertises 24/5 support on its website, the mobile app actually offers 24/7 customer service—a major advantage if issues arise over the weekend. Support is easily accessible via live chat, email, or an online contact form. Notably, VG Markets does not offer phone support.

The Bottom Line

For traders, the most useful broker is not necessarily the one offering the largest market selection. It is the one whose costs, execution arrangements, and protections they can understand before making a deposit. VG Markets is worth examining those terms. However, trading online itself involves huge risks overall. Don't dive into trading unless you grow to be a mature investor.

Risk Warning

CFDs are complex instruments that carry a high risk of losing money rapidly due to leverage. A significant majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your capital.

FAQ

Is VG Markets a legal broker?

Yes, VG Markets is regulated by ASIC in Australia, FSCA in South Africa, and AJON offshore.

Does VG Markets offer a demo account?

Yes, VG Markets offers a demo account funded with $100,000 in virtual money.

Does VG Markets offer MT5 or the MT5 trading platform?

No, VG Markets offers access to its own mobile app.

Does VG Markets offer free VPS?

Yes, VG Markets offers free VPS.