Vita Markets

General Information

Vita Markets is a trading brokerage operating under CySEC regulation. Established with a minimum deposit requirement of $250 for Standard and Crypto accounts, it offers floating spreads and a diverse range of trading instruments, including Forex, CFDs on Stocks, Indices, Commodities, and Cryptocurrencies. While specific details about leverage and trading platforms are not provided, clients can access customer service via phone and email. Payment methods are currently not available, either.

Pros & Cons

Vita Markets, CySEC-regulated, offers mainstream products but faces a mixed reputation. The website lacks vital info, and the absence of online chat support may slow issue resolution. A higher minimum deposit may deter some, and the lack of leverage and payment info, along with no MT4 or MT5 platforms, leaves traders wanting more transparency and variety.

Regulation

Vita Markets, operated by VM Vita Markets Ltd (Vita Markets), a Cyprus Investment Firm (CIF), which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under a CIF license number 373/19. CYSEC is a tier-2 regulator. Tier-2 regulators are generally considered to be less strict than tier-1 regulators, but they still provide a good level of protection for investors. CYSEC is a member of the European Securities and Markets Authority (ESMA), and it is subject to EU-wide regulatory standards. Rewrite this sentence to make it easy to understand, adding injection

Market Instruments

At Vita Markets, clients can find various trading options, covering forex, CFDs on stocks, indices, commodities, and even cryptocurrencies. Some other popular trading instruments, like shares, ETFs, however, give no access to clients.

Account Types

Vita Markets offers three types of trading accounts:

• Standard Account: Ideal for both beginners and experienced traders, this account offers average spreads, no commissions. To open a standard account, a minimum deposit of $250 is required.

• ECN Account: Tailored for experienced traders in search of the tighter spreads, the ECN account features raw spreads and incurs a commission of $7 per round lot. To open an ECN account, a minimum deposit of $500 is required.

• Crypto Account: Designed specifically for cryptocurrency enthusiasts, offering floating spreads, with no commission charged. To open this account, at least $250 is funded.

All three accounts offer access to the same range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

Here is a table that summarizes the key features of each account type:

Demo Account

Unfortunately, Vita Markets does not provide demo accounts. Not providing a demo account can be risky as it denies traders the chance to practice, potentially leading to increased losses and reduced confidence in the broker's services. It also limits their familiarity with the platform and tools, hindering their ability.

Leverage

Vita Markets, due to CySEC regulation, can offer a maximum leverage of 1:30. This limitation is in place to ensure responsible risk management for traders, especially those who might be newer to trading. Vita Markets doesn't specify the leverage offered for different trading instruments.

Spreads and Commissions

Spreads and commissions you'll encounter while trading with Vita Markets depend on the particular trading account you choose. The Standard account account type features floating spreads, meaning they can change based on market conditions, and there are no additional commissions to worry about. The ECN account offers raw spreads, which are typically very low, but there's a commission of $7 per round lot. The Crypto account features floating spreads like the Standard Account, and there are no commissions involved when you trade cryptocurrencies.

Trading Platform

Vita Markets differs from many other brokers as it does not offer well-known trading platforms such as MetaTrader 4 or MetaTrader 5. Instead, Vita Markets provides its proprietary trading application known as the Vita Markets App.

Accepted Countries

Vita Markets provides cross border services to European Economic Area (All Services Covered by the License): Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, etc. Also, Vita Markets provides its services to other countries outside the EU provided that they comply with the regulatory regime of the third country: Russia and Singapore.

Contact Information

Vita Markets welcomes communication through multiple channels, offering traders the flexibility to reach out for assistance or inquiries. You can contact them via telephone at +357 25 212 740 or through email at info@vita-markets.com. Their office is located at Pindarou 14, 3095 Limassol, Cyprus, making it accessible for those who prefer face-to-face interactions or need to visit their physical location for any reason.

User Reviews

Josh White

May23, 2023

“Well, trading with Vita Markets has been a bit of a wild ride. Good stuff first - their spreads are decent, and they've got a good variety of stuff to trade. But hold on, why is it so hard to get info from these guys？ I mean, something as basic as leverage ratios - they're nowhere to be found. And their website, don't get me started. It's like a maze to find anything important. Also, the trading platforms could use some sprucing up. So, yeah, mixed feelings about these lot.”

John Smith

November 11, 2022

“This is John from New Zealand, and I've got to say, Vita Markets was a bit of a surprise for me. The spreads, especially on those major currency pairs, are pretty tight, which is sweet for my day trading. Their platforms are a breeze to use, even for a Kiwi like me who's not a tech guru. The only bummer is their website - it's like trying to find a needle in a haystack for important info. But overall, I'm liking what I see with these folks!”

FAQ

Q: Is Vita Markets a regulated broker？

A: Yes, Vita Markets is regulated by CySEC (Cyprus Securities and Exchange Commission).

Q: Does Vita Markets offer any promotions, bonuses, or incentives for new or existing traders？

A: No, Vita Markets does not provide such promotions.

Q: What is the minimum deposit requirement to open an account with Vita Markets？

A: The minimum deposit required to start trading with Vita Markets is $250 for both Standard and Crypto accounts.

Q: Is there a demo account available for traders to practice and familiarize themselves with the platform？

A: Unfortunately, Vita Markets does not offer a demo account for traders to practice before using real funds for trading.

Q: What trading platforms are supported by Vita Markets, and are there any platform fees？

A: Vita Markets has not specified the trading platforms they support