{"id":10476,"date":"2024-02-28T01:51:01","date_gmt":"2024-02-28T01:51:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=10476"},"modified":"2024-02-28T01:51:01","modified_gmt":"2024-02-28T01:51:01","slug":"what-account-types-does-vt-markets-offer","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-eu\/faq\/what-account-types-does-vt-markets-offer\/","title":{"rendered":"What account types does VT Markets offer?"},"content":{"rendered":"\n

What Account Types Does VT Markets Offer?<\/span><\/h1>\n\n\n\n

VT Markets caters to a diverse clientele by offering two main types of trading accounts: the Standard STP account and the Raw ECN account. Each account type is designed with different traders in mind, providing options to suit various trading strategies and preferences. For detailed information on each account type, please visit the following links: Standard STP<\/a> and RAW ECN<\/a>.<\/p>\n\n\n\n

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How do Standard STP and RAW ECN accounts differ?<\/span><\/h2>\n\n\n\n

The key difference between these accounts lies in the cost structure and how prices are presented. The Standard STP account<\/strong> does not charge a commission; instead, it includes a markup on spreads above the inter-bank rates received from pricing providers. Conversely, the Raw ECN account<\/strong> offers the raw spreads received directly from liquidity providers and applies a commission charge of $6 per standard lot round turn.<\/p>\n\n\n\n

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Which base currencies are accepted for trading accounts?<\/span><\/h3>\n\n\n\n

VT Markets accepts a range of base currencies for trading accounts, including the United States Dollar (USD)<\/strong>, Australian Dollar (AUD)<\/strong>, British Pound Sterling (GBP)<\/strong>, Euro (EUR)<\/strong>, Canadian Dollar (CAD)<\/strong>, and Japanese Yen (JPY)<\/strong>.<\/p>\n\n\n\n

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Can I change my account type?<\/span><\/h3>\n\n\n\n

At this time, VT Markets does not support direct changes to account types post-creation. However, clients wishing to trade under a different account type can apply for an additional account through the Client Portal by selecting Account > Open additional accounts<\/strong>. Upon completing the application, you’ll receive an email with the login details for your new account. For a comprehensive guide on applying for an additional trading account, click here<\/a>. For further assistance, please contact our live chat customer service.<\/p>\n\n\n\n

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How can I change my account currency?<\/span><\/h3>\n\n\n\n

Once set, the account currency cannot be changed. If you wish to use a different currency, you’re encouraged to open an additional account in your desired currency. Instructions for opening an additional account can be found here<\/a>.<\/p>\n\n\n\n

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How to open an additional account?<\/span><\/h3>\n\n\n\n

Applying for an additional account is straightforward. Log in to your Client Portal, navigate to Account > Open additional accounts<\/strong>, and follow the provided steps. An email containing the login information for your additional account will be sent upon application completion. Note: Additional account requests can be made once your ID and address verification have been fully verified.<\/p>\n\n\n\n

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Is it possible to change my trading account number?<\/span><\/h3>\n\n\n\n

No, trading account numbers are generated randomly and cannot be altered.<\/p>\n\n\n\n

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How can I close my trading account?<\/span><\/h4>\n\n\n\n

VT Markets does not currently offer a manual account closure service for MT4 and MT5 trading accounts. To close your account, ensure your balance is zero or less and refrain from logging in for 90 days. The account will then be automatically closed. Alternatively, you can use the “Hide” function in your Client Portal to hide your account.<\/p>\n\n\n\n

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How can I change the name on my VT Markets account?<\/span><\/h4>\n\n\n\n

The name on your VT Markets account is based on the Proof of Identity (POI) document you provided. The process for changing your account name varies depending on the verification status of your account. For unverified accounts, typographical errors in your name will be corrected during the verification process. For verified accounts, if you need to correct an error or have legally changed your name, please contact us through Live Chat or email info@vtmarkets.com<\/a> with the necessary documentation.<\/p>\n\n\n\n

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How to change my residential address?<\/span><\/h5>\n\n\n\n

To change your residential address, the approach depends on the status of your account verification. If verification is pending, any address errors will be fixed during the process. If your address has already been verified and needs updating, please email a new Proof of Address document to info@vtmarkets.com with the appropriate subject line. The relevant department will then review and process your request.<\/p>\n\n\n\n

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Open Your Forex Trading Account With VT Markets<\/span><\/h4>\n\n\n\n

Open your Forex trading account with VT Markets today and take advantage of tailored trading options! Whether you prefer the commission-free Standard STP account with its inclusive spreads or the Raw ECN account with direct market access and low commissions, VT Markets has you covered. <\/strong><\/p>\n\n\n\n

Choose from a variety of base currencies and get started quickly through our easy online application process. Ready to dive into the world of Forex trading? Open your account now<\/a> and join the global trading community with VT Markets!<\/strong><\/p>\n\n\n\n

Feel free to contact us if you require further assistance.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What Account Types Does VT Markets Offer? VT Markets caters to a diverse clientele by offering two main types of trading accounts: the Standard STP account and the Raw ECN account. Each account type is designed with different traders in mind, providing options to suit various trading strategies and preferences. For detailed information on each Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-10476","post","type-post","status-publish","format-standard","hentry","category-faq"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/10476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/comments?post=10476"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/10476\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media?parent=10476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/categories?post=10476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/tags?post=10476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}