VT Markets doesn’t provide any loan to clients. VT Markets provides margin trading where all trade financing is provided by Liquidity Providers who then charge VT Markets Administration Fee.

The Administration fee is then passed onto clients via MT4 platform.

Is the administration fee and spread a justified charge on the VT Markets Swap Free account？

VT Markets offers a legitimate service for which they can charge fees. There is no substitute for interest or swap charges as in conventional accounts.