Company Information

Company Name: Vital Markets
Company Legal Name: Vital Markets Ltd.
Company Registration No.: 2023-00341
Operating Since: October 2024
CEO Name: Undisclosed

Challenge Details

Vital Markets offers two types of challenge accounts, Standard and Advance Accounts. Here are the details :-

Standard Account Details

Pricing:

Size: $5,000 – $65
Size: $10,000 – $120
Size: $25,000 – $195
Size: $50,000 – $320
Size: $100,000 – $475
Size: $200,000 – $699

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No Limit
Payout Frequency: Every 7 Days
Allows Copy Trading: No
Min Trading Days: 5 Days

Advanced Account Details

Pricing:

Size: $5,000 – $85
Size: $10,000 – $140
Size: $25,000 – $225
Size: $50,000 – $350
Size: $100,000 – $500
Size: $200,000 – $730

Rules:

Profit Target (Phase 1): 12%
Profit Target (Phase 2): 10%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No Limit
Payout Frequency: Every 7 Days
Allows Copy Trading: No
Min Trading Days: 5 Days

Scaling Plan

Vital Markets does not currently offer a scaling plan. Traders are advised to choose account sizes that best align with their trading capital needs.

Spreads and News Trading Rules

Spreads

Vital Markets offers raw spreads through TradeLocker. Traders can view live spreads by logging into the trading platform.

News Trading Rules

Vital Markets allow news trading but traders are restricted to open or close any restrictions 2 minutes before or after a high impact news. Although traders who have swing trading accounts are free to hold their positions throughout the news event but they can not open or close the trades either. In a scenario where a swing trader has set the Take Profit or Stop-Loss and any of the latter hits the target then the swing trader can keep the profit or loss.

Other Important Rules

Daily Drawdown Calculation

The Daily Drawdown is recalculated based on the equity or balance whichever is higher at the end-of-day account. The Drawdown Type is Equity Based therefore the percentage remains fixed but the dollar value adjusts according to the trader's balance, offering a balanced risk cap without overly restricting flexibility for the trader.

Countries Banned from Purchasing

Vital Markets restricts services to certain countries due to legal and regulatory constraints. Residents from the following (but not limited to) are banned from purchasing accounts:

Afghanistan
Botswana
Burma (Myanmar)
Democratic Republic of Congo
Crimea
Cuba
Ethiopia
Iran
Iraq
Japan
Libya
Malta
North Korea
Pakistan
Republic of Congo
Russian Federation
Somalia
Spain
Sudan
Syria
Trinidad and Tobago
Tunisia
Yemen
Zimbabwe

Gambling Rules

There are no restrictions on specific trading strategies, giving traders freedom to trade their way.

Prohibited Trading Strategies

Vital Markets does not put restrictions on any trading strategies. Traders are free to use any trading strategy of their liking, including HFT, Hedging or Martingale.

Payout Methods

Traders can receive payouts through cryptocurrency - USDT (TRC20).

Trading Commissions

Trading Commissions set by Vital Markets are as follows :

Standard Account: $5 per lot round trip
Advanced Account: $7 per lot round trip

IP Rule

Vital Markets does not have any IP Address rule but we advice trader to trade from not more than 2 devices which they own and has used to purchase the account.

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