VT Markets acquires FCA license to bring FX trading to UK

2 years ago 275

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VT Markets has launched FX trading in the UK after five years of providing advanced technical support in the retail currency exchange markets.

The FX and CFD broker, which features a valid ECN account with mobile trading and payments, raw spreads, and a robust client portal, boasts more than 10,000 trader clients in the UK.

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FX trading under UK FCA license

The Sydney-based broker relies on the MetaTrader 4 as the favorite trading platform for FX trading as well as educational tools and a virtual funds market to help beginners get started in a stress-free environment.

VT Markets facilitates the trading of Forex, indices, energy, precious metals, and soft commodities, with access to leverage the way FX traders are accustomed.

The broker is thus entering the UK FCA space after acquiring a license from the Financial Conduct Authority, the country’s financial watchdog. The brand will operate with the FCA license granted to Vantage Global Prime.

VT Markets in global expansion

In October, Finance Feeds covered VT Markets’ Asian expansion as the broker set up camp in Kuala Lumpur, Malaysia.

The retail FX broker has been thriving in Asia, Oceania, and Europe, but growing demand in Southeast Asia has led VT Markets to open the Malaysia office, which will help deliver better services, expand its scope, and enable new projects.

The office features an experienced sales team and marketing team who will be focused on assisting with market access and Forex trading services, investment attraction into the VT Markets ecosystem, and service local Forex investors and affiliates.

Chris Nelson-Smith, Managing Director at VT Markets, said at the time: “We are expanding globally and with the addition of our newest office in Malaysia we continue to deliver the highest levels of service to our customers while we deliver cutting edge technology to enhance their trading experience.”

Headquartered in Sydney, Australia, VT Markets is a subsidiary of Vantage International Group Limited (VIG). It was founded in 2016 as a retail FX broker applying advanced technical support to provide clients with superior trading experience.

The broker has recently launched its MetaTrader 5 offering, which allows clients to trade over 300 assets. VT Markets also boasts MetaTrader 4 and WebTrader.

VT Markets takes pricing and liquidity from 7 liquidity providers which allow the broker to offer the best possible pricing in such a competitive market.

Sourcing liquidity from seven LPs has dramatically improved pricing, execution, spreads, and trading conditions for its traders.

It was in late 2020 that VT Markets launched its new branding and website, which are intended to represent the company’s core values and reflect a further dedication to client success and relationships.

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