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Vault Markets -
No Regulation
Score
0123456789
.
0123456789
0123456789
/10
South Africa|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|
https://www.vault-markets.com/
Website
Open Account Time Machine
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!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
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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
YouTube
Pyramid scheme complaint
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Warning: Low score, please stay away!
Previous Detection : 2024-03-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
- OverviewBiz AreaWikiFX SurveyWebsiteMT4/5 IdentificationGenealogyClonesKeywordsAccount InformationTime Machine
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Exposure
4 pieces of exposure in total
Pyramid scheme complaint
Expose
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 Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (17) Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (17)](https://i0.wp.com/wzimg.fx696.com/guoji/2023-04-19/638174993575557426/ART638174993575557426_237491.jpg-article598)
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
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.
There are many alternative brokers to Vault Markets in the market that offer similar services, such as IC Markets, Pepperstone, XM, and Tickmill.
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.
![Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (18) Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (18)](https://i0.wp.com/wzimg.fx696.com/guoji/2023-04-19/638174993578818001/ART638174993578818001_128113.jpg-article598)
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.
![Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (19) Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (19)](https://i0.wp.com/wzimg.fx696.com/guoji/2023-04-19/638175002032456938/ART638175002032456938_352284.png-article598)
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.
![Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (20) Vault Markets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (20)](https://i0.wp.com/wzimg.fx696.com/guoji/2023-04-19/638175002120239723/ART638175002120239723_706643.png-article598)
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
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).
Payment Options:
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.
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.
Company Address:
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. |
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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
Reply
Toolkit
more than one year
stay away from them, they manipulate your trades during big events like NFP
2022-12-23 22:18
Reply
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
Reply
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
Reply
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