BullWaves vs VT Markets: Full Comparison 2026
Both brokers compete on low trading cost. Licences, accounts, spreads and commissions, platforms, withdrawals and country coverage compared — with a verdict on who each suits.
| BullWaves 4.0/5 | VT Markets 4.5/5 | |
|---|---|---|
| Regulation | FSA Seychelles | ASIC, FSCA, FSC Mauritius, CMA UAE |
| Trust score | 74/100 | 88/100 |
| Founded | 2023 | 2015 |
| Min. deposit | $100 | $100 |
| Spread | from 1.6 pips (Classic) | from 1.1 pips (Standard STP) |
| Commission | $3 per lot per side (ECN) | $3 per lot per side (Raw ECN) |
| Max leverage | up to 1:500 (1:200 energies, 1:20 shares) | up to 1:500 (offshore entity) / 1:30 (ASIC) |
| Platforms | MT5 | MT4, MT5, TradingView, VT App |
| Instruments | 200+ | 1 000+ |
| <built-in method copy of dict object at 0xedcf599189c0> | ✓ | ✓ |
| Swap-free | ✓ | ✓ |
| Cent account | — | ✓ |
| Deposit bonus | ✓ | ✓ |
| Client insurance | — | ✓ |
| Open account | Open account |
Where they are the same
Commission on the ECN account is roughly $3 per lot per side at both, and all-in EURUSD cost is about 0.7 pips. Both offer swap-free accounts, bonuses, crypto funding and withdrawals, and negative balance protection. Entry is $100 at both.
Where they differ
Regulation and insurance. VT Markets holds ASIC, FSCA, FSC Mauritius and a local Dubai CMA licence, with Lloyd's cover up to $1 million. BullWaves has the Seychelles FSA and that is all.
Platforms. VT Markets: MT4, MT5, TradingView, its own app. BullWaves: MT5 only.
Instruments. VT Markets lists over a thousand, including crypto CFDs. BullWaves has around 200 and no crypto.
Managing other people's money. VT Markets offers PAMM and MAM. BullWaves has no equivalent.
Withdrawals. VT Markets charges $20 for a second bank withdrawal in a calendar month and requires you to withdraw by the funding method. BullWaves charges $10 only on bank withdrawals under $100. Both settle crypto quickly.
Geography. BullWaves does not work with Israel or Belgium. VT Markets is available in both.
Who each suits
VT Markets — if you are in the UAE or Turkey, if you need MT4, crypto CFDs or PAMM/MAM, or if this is your main account.
BullWaves — if you are already on MT5, want copying in one window, and are taking the broker as a second account for a limited amount.
Our verdict
VT Markets if you want a licensed venue with a Dubai office, MT4 and MT5, crypto operations and PAMM/MAM for managing money. BullWaves is a narrow MT5 tool — cheap ECN and built-in copying. Trading cost is nearly equal; the difference is protection, platforms and country coverage.
- Min. deposit
- $100
- Spread
- from 1.6 pips (Classic)
- Commission
- $3 per lot per side (ECN)
CFDs are complex instruments with a high risk of losing money
- Min. deposit
- $100
- Spread
- from 1.1 pips (Standard STP)
- Commission
- $3 per lot per side (Raw ECN)
CFDs are complex instruments with a high risk of losing money
Frequently asked questions
Which is safer?
VT Markets. Trading since 2015 with ASIC, FSCA and FSC Mauritius licences plus a local CMA licence in the UAE, and Lloyd's insurance up to $1 million. BullWaves holds one Seychelles FSA licence and has traded since 2023.
Which has the lower commission?
The same — about $3 per lot per side on the commission account at both. The gap is on the entry-level account: 1.1 pips at VT Markets against 1.6 at BullWaves.
Why choose BullWaves if VT Markets is safer?
If you trade only on MT5, want copy trading without a third-party service, or want the deposit bonus. As a second account holding a limited amount, it works.