Featured Application: Three different risers, i.e., conventional steel riser, composite riser with orthogonal reinforcements and tailored composite riser, are compared for their VIV characteristics. The effects of 2D and 3D models and fluid-structure interaction (FSI) have been considered and two different modeling methods are established to simulate the FRP composite risers. This paper will serve to further understand the dynamic characteristics of the FRP composite risers and improve the utilization of the FRP composite risers in real projects. We believe present paper would appeal to the researchers working on the design and analysis of composite structures and their optimizations.Abstract: Steel risers are widely used in offshore oil and gas industry. However, the production capacity and depths are limited due to their extreme weight and poor fatigue and corrosion resistance. Nowadays, it is confirmed that fiber reinforced polymer (FRP) composite risers have apparent advantages over steel risers. However, the study of vortex induced vibration (VIV) for composite risers is rarely involved. Three different risers (one steel riser and two composite risers) were compared for their VIV characteristics. The effects of 2D and 3D models and fluid-structure interaction (FSI) were considered. The models of composite risers are established by effective modulus method (EMM) and layered-structure method (LSM). It is found that 2D model are only suitable for ideal condition, while, for real situation, 3D model with FSI has to be considered. The results show that the displacements of the FRP composite risers are significantly larger than those of the steel riser, while the stresses are reversed. In addition, the distributions of the displacements and stresses depend on the geometries, material properties, top-tension force, constraints, etc. In addition, it is obvious that EMM are suitable to study the global working condition while LSM can be utilized to obtain the results in every single composite layer.