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Vault Markets

South Africa|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.vault-markets.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

South Africa 2.50

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

info@vault-markets.com
https://www.vault-markets.com/
2nd floor, Nelson Mandela Square, Maude Street, Sandton
https://twitter.com/vault_markets

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

Vault Markets

Company Abbreviation

Vault Markets

Platform registered country and region

South Africa

Company website
Twitter
Instagram
YouTube

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Vault Markets · WikiFX Survey

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Vault Markets · Company Summary

Note: Vault Markets official site - https://www.vault-markets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Vault Markets Review Summary in 10 Points
Founded 2021
Headquarters South Africa
Regulation No license
Market Instruments Forex, Shares, Indices, and Cryptocurrencies
Demo Account N/A
Leverage 1:500
EUR/USD Spread From 1 pip
Trading Platforms MT4
Minimum deposit $5
Customer Support Phone, email

What is Vault Markets?

Vault Markets is an unregulated multi-asset broker founded in 2021 and registered in South Africa that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 1 pip on the MT4 trading platform via 6 different live account types.

Pros & Cons

Vault Markets' advantages include its competitive spreads, low minimum deposit requirement, multiple account types, and user-friendly trading platform. However, its disadvantages include the lack of regulatory licenses and unavailable website.

Vault Markets' pros and cons
Pros Cons
• Offers a wide range of trading instruments • Unregulated by any financial authority
• Low minimum deposit requirement • Website is unavailable
• Provides competitive spreads and leverage
• Allows trading on MetaTrader4
• Offers multiple account types

Vault Markets Alternative Brokers

    There are many alternative brokers to Vault Markets in the market that offer similar services, such as IC Markets, Pepperstone, XM, and Tickmill.

    • IC Markets: IC Markets is a well-established broker with a strong reputation, offering a wide range of trading instruments, competitive pricing, and advanced trading platforms.

    • XM: XM is a reputable broker with a wide range of trading instruments, low minimum deposit, competitive pricing, and a user-friendly platform.

    • Tickmill: Tickmill is a reliable broker offering competitive pricing, a wide range of trading instruments, and a user-friendly platform, with a focus on transparency and security.

It is important to conduct thorough research on any broker you are considering to ensure that they are reputable and suitable for your trading needs. Factors to consider may include regulations, fees, trading platforms, customer service, and trading instruments offered.

Is Vault Markets Safe or Scam?

Vault Markets does not seem to be a regulated broker by any major financial authority. The lack of regulation raises concerns about the safety of client funds and the overall legitimacy of the company. It is important for traders to do their own research and due diligence before deciding to trade with an unregulated broker.

Is Vault Markets Safe or Scam?

Market Instruments

Vault Markets offers a range of tradable financial instruments that include Forex, Shares, Indices, and Cryptocurrencies. Forex traders can enjoy competitive spreads and leverage, while share traders can access a wide range of global markets. Additionally, the platform offers various indices, such as NASDAQ and S&P500, for those looking to trade a diversified portfolio. Lastly, Vault Markets has recently expanded its trading offerings to include cryptocurrencies like Bitcoin, Litecoin, and Ethereum, providing traders with a new asset class to diversify their portfolios.

Accounts

Vault Markets offers 6 trading accounts in total, namely Vault100, Vault200, Swap Free, Vault Zero, Vault No Bonus, and Vault Cent. The minimum opening balance for Vault100, Vault200, Vault No Bonus, and Vault Cent accounts is as low as $5, while $100 for Swap Free and Vault Zero accounts. Although this requirement sounds encouraging, traders are not advised to register real trading accounts here given the fact that Vault Markets is unregulated.

Leverage

The maximum trading leverage offered by Vault Markets is as high as 1:500. Leverage can amplify gains as well as losses, traders are not advised to use too high leverage.

Leverage

Spreads & Commissions

The spreads on major currency pairs start from 1 pip, which could be considered a competitive pricing model compared to other brokers in the market. Unfortunately, there is no available information about Vault Markets' commission fees. Traders may need to contact the broker's customer support team for further details on pricing and fees.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Vault Markets 1 pip N/A
IC Markets 0.0 pips $7 round turn
XM 0.1 pips Zero
Tickmill 0.0 pips $4 round trip

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

The only platform provided for trading is the popular MetaTrader4 (MT4) trading platform developed by the Russian software company MetaQuotes. Vault Markets provides the MT4 platform as a downloadable windows desktop application and also as Mobile APPs. MAC OSX users are advised to contact the support team for assistance on how to install MT4 on their systems. Other brokers provide MT4 for MAC.

MT4

See the trading platform comparison table below:

Broker Trading Platforms
Vault Markets MT4
IC Markets MT4, MT5, cTrader, WebTrader
XM MT4, MT5, WebTrader
Tickmill MT4, MT5, WebTrader

Note: Some brokers may offer additional platforms or have different versions of the above platforms with varying features.

Deposits & Withdrawals

    Payment Options:

    • Bank Card (minimum deposit of $3),

    • Bitcoin (minimum deposit of $10),

    • Internet Banking (minimum deposit of $10),

    • Internal Transfer (minimum deposit of $1),

    • Neteller (minimum deposit of $10),

    • Perfect Money (minimum deposit of $50),

    • Skrill (minimum deposit of $10).

Vault Markets minimum deposit vs other brokers

Vault Markets Most other
Minimum Deposit $5 $100

Customer Service

Vault Markets offers multiple contact channels, including phone (27(0) 10 449 6045), email (info@vaultmarkets.trade), Skype, WhatsApp and social networks like Twitter, Instagram and YouTube.

    Company Address:

    • 2nd floor, Nelson Mandela Square, Maude Street, Sandton;

    • 9th Floor, SKYCITY MALL, University Road Dar es Salaam, Dar es Salam, Tanzania;

    • Unit 3b, South Port, Hosea Kutako Drive, Windhoek, Namibia.

Overall,Vault Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
• Multiple contact channels including phone, email, Skype, and social networks • No 24/7 customer support availability
• No live chat option

Note: These pros and cons are subjective and may vary depending on the individual's experience with Vault Markets' customer service.

Conclusion

Overall, Vault Markets seems to be a relatively new forex broker that offers competitive trading conditions such as tight spreads, high leverage, and a variety of trading instruments. It also provides multiple contact channels for customer support. However, it is important to note that Vault Markets does not appear to be regulated, which may raise concerns for some traders about the safety and security of their funds.

Frequently Asked Questions (FAQs)

Q 1: Is Vault Markets regulated?
A 1: No. It has been verified that Vault Markets currently has no valid regulation.
Q 2: Does Vault Markets offer the industry-standard MT4 & MT5?
A 2: Yes. Vault Markets supports MT4.
Q 3: What is the minimum deposit for Vault Markets?
A 3: The minimum initial deposit at Vault Markets to open an account is just $5.
Q 4: Is Vault Markets a good broker for beginners?
A 4: No. Vault Markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

News

Vault Markets Review

ExposureVault Markets Review

2024-02-08 12:53

Vault Markets, a Southern African brokerage, faces scrutiny for its regulatory status and website accessibility. Learn more about its compliance in this detailed report.

WikiFX
2024-02-08 12:53
Exposure
Vault Markets Review
Beware of Vault Markets, They May Loose All of Your Invested Money

ExposureBeware of Vault Markets, They May Loose All of Your Invested Money

2022-08-08 09:35

Vault Markets was founded in July 2021 by 1st Fintech Capital (Pty) Ltd. The Financial Sector Conduct Authority (FSCA) in South Africa regulates and authorizes brokers to offer financial services. Having said that, it is worth mentioning that 1st Fintech Capital acts as a go-between for customers and Karibu FX Financial Consultant Services Pty Ltd. This firm is based in the Republic of Namibia, where it has many offices, and it lacks a respected financial license.

WikiFX
2022-08-08 09:35
Exposure
Beware of Vault Markets, They May Loose All of Your Invested Money
WikiFX Review: The Great Namibian Tour With Top Vault Markets Mentors

NewsWikiFX Review: The Great Namibian Tour With Top Vault Markets Mentors

2022-08-02 15:45

Vault Markets is an online brokerage based in Namibia that caters to African traders. On the MT4 terminal, clients can access a wide range of instruments, from stocks and forex to precious metals and cryptocurrencies. Our examination includes minimum deposit requirements, the registration process, account types, customer service operating hours, how to withdraw funds, and other topics. Determine whether you should sign up for Vault Markets and begin trading.

WikiFX
2022-08-02 15:45
News
WikiFX Review: The Great Namibian Tour With Top Vault Markets Mentors
CURRENT STATE OF THE SOUTH AFRICAN FOREX INDUSTRY

NewsCURRENT STATE OF THE SOUTH AFRICAN FOREX INDUSTRY

2022-05-20 19:07

With South Africa quickly emerging as a big global player in the forex industry, boating trading volumes that exceed $21 billion in recent years, South Africa has quickly become the African hub for forex traders and brokers but even with the FSCA in place, unsavory elements still manage to find its way to the surface, here we look at the good, the bad and the ugly of the South African market.

WikiFX
2022-05-20 19:07
News
CURRENT STATE OF THE SOUTH AFRICAN FOREX INDUSTRY

User Reviews

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为民维权
more than one year
Vault Markets is like a rubbish and I’ll never use it again. That guy, Austin, you are a disgusting man! You steal my money so easily. I wish you go to hell!!!
2023-02-24 15:22
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0
0
Toolkit
more than one year
stay away from them, they manipulate your trades during big events like NFP
2022-12-23 22:18
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0
0
Ahwei
more than one year
Super slow execution! Because they always couldn't process my buy and sell requests on time, I directly liquidated my positions several times and lost a lot of money. And in the end, they will only dump all the responsibility on the network system, and stay out of the matter. Encountering such a broker is so terrible!
2022-12-01 12:15
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0
0
sitao
more than one year
This new broker racks its brains to make you lose money! When I experienced continuous losses, I told them that I wanted to withdraw my rest funds. They rejected and said I needed to pay exit fees, a 15% service fee. Can you believe it? it’s like robbing! I was so regretful that I easily believed them.
2022-12-01 12:01
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