VT Markets Review – What They Don’t Want You to Know
Written by Akash Khanna
Edited by Samuel Black
Fact-checked by Lisa Khan
Last Updated – 27 June 2025
In forex, flashy promises and sleek websites are everywhere. But once in a while, a broker stands out—not for success, but for scandals. Meet VT Markets.
They lured traders with tight spreads, high leverage, and PAMM fund options. But beneath the hype was a well-crafted scam that hit countless Asian investors hard.
In this VT Markets review, we peel back the curtain on their shady PAMM tactics, reveal how hundreds were duped, and deliver a clear warning to anyone thinking of trusting this so-called forex broker.
- Who is VT Markets? (And Why Should You Care?)
- The Rise of the VT Markets PAMM Scam
- Timeline of the Typical Forex PAMM Scam
- Real Trader Complaints: Voices from the Burnt
- VT Markets’ Response: “Not Our Problem”
- Red Flags You Should Never Ignore
- Regulation Talk: Where is VT Markets Actually Regulated?
- Better Alternatives to VT Markets
- VT Markets Scam FAQ – What You Need to Know
- Verdict - Run from VT Markets Like It’s On Fire
Who is VT Markets? (And Why Should You Care?)
At first glance, VT Markets ticks all the boxes of a trustworthy forex broker:
✅ Claims regulation by ASIC & FSCA
✅ Offers MT4/MT5 platforms
✅ Provides high leverage (up to 1:500)
✅ Promotes PAMM accounts to “multiply your capital”
But here’s the truth bomb: Regulation is not always protection, especially when the real scam happens outside the regulator’s focus—like with third-party PAMM managers exploiting VT Markets’ infrastructure.
The Rise of the VT Markets PAMM Scam
Let’s break down how the VT Markets PAMM scam typically unfolded, especially in Asian forex communities (Malaysia, Singapore, Indonesia):
👇 The Scam Flow – Step by Step
| Stage | Description |
|---|---|
| 🎯 Target | Agents used Telegram, WhatsApp, and FB groups to approach novice traders. |
| 💰 Attract | Promises of 5–15% monthly returns with “low risk PAMM” managed by “experts.” |
| 🪙 Fund | Investors transfer capital directly into VT Markets under PAMM structure. |
| ⏳ Delay | Withdrawals delayed or selectively blocked. Excuses: “Drawdown” or “weekly cycle.” |
| 🔥 Collapse | Funds wiped out overnight. Account “liquidated” or locked with no recovery path. |
| 🏃 Escape | Fund managers vanish. VT Markets washes hands—“third-party fund, not our fault.” |
🧠 Reminder: When it smells fishy and moves like a scam… it’s probably not gold.
Timeline of the Typical Forex PAMM Scam
VT Markets may present itself as a legitimate forex broker, but a closer inspection reveals a much darker reality—a systemic pattern of PAMM-based scams where investors are misled, funds are wiped out, and the broker walks away richer, guilt-free.
Let’s break down how the scam typically unfolds, step by step.
🔍 Phase 1: No Due Diligence – Anyone Can Be a Fund Manager
VT Markets openly allows the creation of PAMM (Percentage Allocation Management Module) accounts on their platform. But unlike regulated investment platforms, there are no serious background checks on PAMM managers.
No verification of trading experience
No licensing or accreditation required
No transparency on strategies or risk management
💡 In short: VT Markets enables anyone—including complete amateurs or con artists—to manage investor funds.
🎯 Phase 2: Over-the-Top Promises to Attract Victims
Once listed on the PAMM system, these shady fund managers begin aggressively marketing to unsuspecting investors, particularly in Asian communities via:
WhatsApp groups
Facebook ads
Telegram channels
Fake testimonials and profit screenshots
Investors are promised:
“Guaranteed” returns of 10–20% per month
Capital protection clauses (that don’t exist)
“Verified” trading strategies (with no proof)
And all of this is facilitated and enabled directly through the VT Markets ecosystem.
📈 Phase 3: Fake Performance to Build Hype
During the first few months, the PAMM account shows unrealistically high profits. How?
Overleveraged trades in volatile markets
Martingale strategies that double down on losses
No stop losses—ever
“Lucky” wins that fuel false credibility
These early gains are not proof of skill—they’re bait. And with every green candle, more investors are lured in, depositing larger sums of capital.
📌 Note: VT Markets benefits from every trade made, regardless of how risky or absurd the strategy is.
🧨 Phase 4: The Collapse – Liquidation or Blow-Up
Eventually, the trading strategy implodes. It’s only a matter of time.
A bad news event triggers massive losses
The Martingale positions snowball into destruction
Margin calls wipe out the account
The PAMM fund is completely liquidated
By this stage, millions may be pooled in the account—all gone in one reckless swoop.
🔒 Phase 5: Withdrawals Delayed, Then Denied
Even before the blow-up, many investors begin facing strange withdrawal issues:
Payouts are delayed for “risk management reasons”
VT Markets blocks access to investor dashboards
Excuses pile up: “Fund manager has locked withdrawals,” “weekly cycles,” or “system errors”
This is not accidental—VT Markets actively supports the blocking of withdrawals at the broker level, allowing the scam to persist longer and capture more capital.
🙈 Phase 6: VT Markets Denies All Responsibility
After the PAMM fund collapses, VT Markets issues their classic defense:
“We are not responsible. The account was managed by a third party. We are only the platform provider.”
But here’s the truth:
| FACT | REALITY |
|---|---|
| VT Markets enables unverified PAMM fund managers | ✅ |
| VT profits from spreads, commissions, and deposits | ✅ |
| VT Markets allows fund locking & withdrawal blocking | ✅ |
| VT denies all liability after funds vanish | ✅ |
Real Trader Complaints: Voices from the Burnt
Across forums, Telegram chats, and Facebook groups, the stories all sound eerily similar:
“I invested RM10,000 into a PAMM on VT Markets. At first, I received weekly payouts. Then suddenly, I couldn’t withdraw, and within days the account was emptied.”
— Jason L., Malaysia
“They said the fund manager was using a tested strategy. I even saw screenshots of profits. But when the account tanked, VT Markets said it wasn’t their responsibility.”
— Anita R., Singapore
VT Markets’ Response: “Not Our Problem”
When traders reached out to VT Markets, the typical response was:
“This is a third-party managed PAMM account. VT Markets does not control trading decisions or fund allocations.”
Which is true… on paper. But the reality?
PAMM was enabled by VT Markets
The fund operated under VT’s platform
VT profited from spreads, commissions, and deposits
So while legally they may not be the scammer, they were enablers—profiting while ignoring warning signs and trader complaints.
Red Flags You Should Never Ignore
Here are 5 big red flags to avoid scam brokers or shady forex schemes like this:
❌ 1. Unrealistic Returns
If someone promises 10% a month, ask them why they’re not retired in Monaco.
❌ 2. No Control Over Account
You should always have access to your funds—not locked in someone else’s hands.
❌ 3. “Trust the Fund Manager” Lines
If you don’t know the strategy, risk exposure, or name of the trader—run.
❌ 4. Delayed Withdrawals
The moment a broker delays your withdrawal… that’s your cue to exit.
❌ 5. Too Much Secrecy
“It’s private.” “Only we know the method.” That’s not a trading edge. That’s a con.
Regulation Talk: Where is VT Markets Actually Regulated?
| Entity | Regulation Claimed | Comments |
|---|---|---|
| VT Markets Pty Ltd (Australia) | ASIC | Appears valid, but limited coverage |
| VT Markets LLC (St. Vincent) | None | No protection for traders |
| VT Markets (South Africa) | FSCA | Not sufficient for investor protection |
🔍 Key Insight: Many PAMM scams occurred under unregulated entities or in jurisdictions with no recourse for traders. Most Asian traders fell under the St. Vincent arm—where complaints go unanswered.
Better Alternatives to VT Markets
If you’re looking for reliable forex brokers that actually care about your capital (and aren’t involved in shady fund setups), try these instead:
| Broker | Regulation | PAMM Available? | Minimum Deposit | Leverage |
|---|---|---|---|---|
| XM | ASIC, FCA | No (manual copy trading) | $5 | Up to 1:888 |
| Octa | CySEC | No | $25 | Up to 1:500 |
| FBS | IFSC, CySEC | Yes, monitored | $1 | Up to 1:3000 (high risk) |
VT Markets Scam FAQ – What You Need to Know
Q1: Is VT Markets a scam broker?
Absolutely! As a forex broker VT Markets has hosted and benefited from numerous PAMM scams over the years, especially in Asia, and showed little accountability.
Q2: What is the VT Markets PAMM scam?
A structure where traders were invited into pooled funds promising high returns, only to have accounts liquidated and withdrawals blocked.
Q3: Can I recover my money from VT Markets?
Highly unlikely. Most complaints to regulators have gone unresolved. Some traders are exploring legal routes or group actions.
Q4: Is VT Markets regulated?
Parts of VT Markets claim ASIC or FSCA regulation. But many accounts were opened under unregulated entities in St. Vincent.
Q5: Should I use PAMM accounts with any broker?
Only if the manager is transparent, track record is verifiable, and you have full control over funds. Otherwise, avoid them at all costs.
Q6: Why do brokers allow these scams?
Simple: they earn from volume, spreads, and deposits. Risk to the trader isn’t their concern if it’s a third-party fund.
Verdict - Run from VT Markets Like It’s On Fire
Here’s the harsh truth: VT Markets may have looked like a shiny broker—but the PAMM scam scandal reveals how deeply flawed their platform integrity really is.
If you’re in Asia and thinking of trading forex, do your research. VT Markets is not just “a risk” — it’s a case study in how brokers can turn a blind eye while traders lose everything.
Save yourself the pain. Steer clear of the gold-wrapped disaster that is VT Markets.