“Which is cheaper to withdraw through, Skrill or Neteller, at VT Markets?” The answer isn’t as obvious as you’d think — two seemingly similar e-wallets carry fees that differ by double. This article answers the most common questions about fees and the withdrawal process at VT Markets directly.
Do Skrill and Neteller charge the same fee?
No — this is the most surprising part of VT Markets’ fee structure. Withdrawing via Skrill carries a 1% processing fee, while Neteller carries 2% — double Skrill’s rate, even though both are popular e-wallets with similar functionality. On a $1,000 withdrawal, that’s a concrete difference of $10 (Skrill) versus $20 (Neteller) — not large in absolute terms, but worth considering if you withdraw frequently.
Why do two similar e-wallets charge different fees?
The likely cause is the fee structure Skrill and Neteller themselves apply to merchants (business partners like VT Markets) — each e-wallet provider has its own transaction fee schedule with partners, and VT Markets may pass part of that difference on to customers rather than absorbing it entirely. This isn’t an arbitrary decision by VT Markets but reflects a genuine cost difference between the two service providers.
Does bank transfer carry a fee?
VT Markets doesn’t charge a handling fee for the FIRST bank wire transfer withdrawal each month. From the second onward in the same month, a flat $20 fee applies to each request — similar to the mechanism seen at Puprime with IBT, suggesting this is a fairly common industry practice to encourage customers to consolidate international withdrawal requests.
So which method is cheapest overall?
Purely on processing fees: bank transfer (the first each month) and credit/debit cards usually carry no direct fee from VT Markets, making them the cheapest option if you only withdraw once a month. If you need to withdraw multiple times, Skrill (1%) is significantly cheaper than Neteller (2%) — prioritize Skrill if both are available and you have no other free method.
How long does withdrawing take?
Overall time (including intermediary processing) is typically 1-3 business days for most methods. More specifically: credit/debit cards and bank transfer typically take 3-7 business days to complete, while e-wallets (Skrill, Neteller) are usually faster, around 1-3 business days.
What should you do about a rejected or delayed withdrawal request?
The most common causes: incomplete KYC, a withdrawal method that doesn’t match the deposit method, or incorrect receiving-account information. Contacting live chat or email support directly with your specific request ID is the most effective channel, rather than submitting a new request on top of an old pending one — duplicate submissions can confuse the finance team and extend overall processing time.
What’s the minimum withdrawal amount?
The general minimum is around $40 in the account’s base currency — one of the lowest among the brokers analyzed in this series, giving more flexibility for traders who want to withdraw a small amount without needing to consolidate into a larger sum.
Why do you have to withdraw to the same method you deposited with?
This is a standard anti-money-laundering (AML) rule applied at most regulated brokers, not just VT Markets: you must withdraw back to the same method and account used to deposit, at minimum matching the amount deposited, before withdrawing any additional profit through another channel.
What other trading costs should you track beyond withdrawal fees?
Three main cost categories at VT Markets: (1) spread — from 1.4 pips (Standard STP) to 0.0 pips (Raw ECN/Pro ECN), (2) commission — $6/lot (Raw ECN) or $2-4/lot (Pro ECN, if qualified), and (3) intermediary fees from banks/e-wallets on deposits and withdrawals — including the Skrill/Neteller asymmetry analyzed above.
A worked example: withdrawing $2,000 monthly via different methods
Suppose you withdraw $2,000 every month. Via Skrill: $20 fee (1%), you receive $1,980. Via Neteller: $40 fee (2%), you receive $1,960 — a $20/month gap versus Skrill, equal to $240/year purely from picking the wrong e-wallet. Via bank transfer (if it’s the first of the month): no fee from VT Markets, you receive the full $2,000 (minus any intermediary bank fee, if applicable). This figure clearly illustrates why reading the fee schedule carefully before choosing a regular withdrawal method can save a meaningful amount over the long run.
Comparing this with other brokers’ e-wallet fee policies analyzed so far
Most brokers analyzed previously (HFM, JustMarkets, Weltrade) don’t distinguish fees between different e-wallets — usually applying a uniform 0% policy across all of them. VT Markets is the first in this series with a clear distinction between two providers of the same service type. This is a concrete reason why you shouldn’t assume “every e-wallet is the same” when evaluating any new broker — always check the detailed fee schedule by specific method, not just by general category (e-wallet, card, transfer), since a seemingly small difference can accumulate into a genuinely noticeable amount over time if you withdraw frequently.
A note for Vietnamese traders withdrawing funds
For Vietnamese traders using e-wallets, prioritize Skrill (1%) over Neteller (2%) if both are available and no other factor drives the decision. If using bank transfer, ask your own bank directly about international receiving fees and the possibility of a deduction through an intermediary SWIFT bank before estimating the final amount you’ll receive, and consolidate withdrawal requests within the month to avoid the $20 fee from the second one onward.
More frequently asked questions
Is there any method that’s completely free with no limit on withdrawal count? Based on public information, no method is confirmed unconditionally free for every withdrawal — even bank transfer is only free for the first each month. Always check current policy before planning regular withdrawals.
Is the Skrill/Neteller fee calculated on the withdrawal amount or the remaining balance? Usually calculated on the requested withdrawal amount and deducted directly before it’s sent — the amount you actually receive will be lower than requested, by exactly the applicable fee percentage.
How do you confirm the exact current fees? Check the Deposit and Withdrawal Policy page directly on VT Markets’ official website, or contact live chat, since the fee schedule can be updated over time.
Is there an inactivity fee like XChief’s? There’s no widely published evidence that VT Markets applies an inactivity fee similar to XChief’s — but this policy can change over time, always check the latest terms of service applicable to your account’s specific entity.
If I withdraw via credit card, are there any hidden fees from the issuing bank? Possibly — some card-issuing banks apply their own international transaction fee or currency-conversion fee when receiving a refund from abroad, a cost outside VT Markets’ control — check the policy of your own card-issuing bank.
Now that you understand how to optimize withdrawal fees, ready to try VT Markets? The complete fee schedule is published in detail on the Deposit and Withdrawal Policy page.
VT Markets currently has a welcome offer for new accounts for a limited time — terms may change, check directly when you register.
The fee information in this article is for reference at the time of writing and may change according to VT Markets’ policy — always confirm the latest terms directly on your own account. This is not investment advice. Learn more at FXM680’s Forex Academy.