Vault Markets

Vault Markets is a broker based in South Africa. It has a license and follows the rules. They help 35,000 clients in 6 countries. Vault Markets has different types of accounts based on currencies like ZAR, USD, and TZS. They say clearly that they don’t take clients from the US. They have reasons related to rules and taxes. They also don’t accept people from other places like Japan, Canada, or North Korea. It’s not clear if they take clients from the EU.

Vault Markets seems like other brokers at first. But there are some big problems with it. The main issues are about the company that owns it, called 1st Fintech Capital (Pty) Ltd. They aren’t regulated enough. Also, their other companies in Namibia and Cyprus have no regulations at all. One good thing about Vault Markets is that you can take out your money right away. Also, they give a bonus of 200% on deposits as small as $50. This makes them attractive for traders. They also have very small differences in prices, which makes trading easier.

In this review, we will look closely at how safe, clear, and dependable Vault Markets is. These are important things for people who use it now or might use it later.

Fees

The fees you pay can vary depending on the type of account you have. For most trading items, the price starts at 1 pip. If you have a Zero Spread Account, you can get prices as low as 0.0, along with a competitive commission. If you keep your positions open overnight, you may have to pay rollover fees. Also, if your account stays inactive for a year, there’s a $10 charge each month. Generally, the costs for trading are similar to what other companies charge.

Pros and Cons

Vault Markets Regulation and Security

Since its start, people have talked a lot about how safe Vault Markets are and if they follow the rules. Let’s talk about this in our review.

Rules are very important for a real broker. If a trusted group of people checks and says they’re following the rules, it makes them look good. For me, brokers regulated by the FCA are the best. If we had to trust people, we’d say scammers are the worst. We wouldn’t deal with them at all. And then there are some people we’re not sure about, so we’re careful with them. It’s better to be safe than sorry. We’d put Vault Markets in the group I’m not sure about. Lastly, we can’t say for sure if they’re good or bad, but there are other brokers that people trust more.

It’s really important for Vault Markets to follow strong rules to keep people’s money safe. They have a license from the Financial Sector Conduct Authority (FSCA) in South Africa. Some other websites say Vault Markets isn’t following the rules because there’s no official information. But actually, there is official information.

Even though Vault Markets follows the rules, we still think you should be careful with them. Just because they have a license doesn’t mean they’re good. It’s not that hard to get a license, and it doesn’t mean they’re honest. Some people have questions about how Vault Markets works, and not everyone has good things to say about them. The biggest worry is about how long it takes to get your money back when you want to withdraw it. We’ll talk more about this in the next part.

Is Vault Markets Legit or Scam?

Vault Markets is not a scam. They follow the rules set by the Financial Sector Conduct Authority in South Africa. They have a license number FSP-49015. This means they’re safe and you can trust them.

Deposits and Withdrawals

At Vault Markets, you have many ways to put money into your account. You can use EFT, card, M-PESA, Bitcoin, or Perfect Money. The smallest amount you can deposit depends on your account type, but it’s usually $5 or ZAR10.

When you want to take money out, we only offer bank wire transfers. There’s no set minimum or maximum for how much you can take out. We say we’ll process your withdrawal quickly, but some users disagree. We don’t charge you to deposit or withdraw money, but some people say they’ve been charged.

You can choose to work in USD, ZAR, or TZS. We also let you trade in USD, EUR, GBP, SGD, and PLN using the MT4 and MT5 trading platforms.

Vault Markets Leverage

Vault Markets gives you a lot of trading power. You can trade with leverage up to 1:500. Each account type has different leverage options. You can pick the one that suits your trading style and mindset. The highest leverage you can get at Vault Markets is 1:2000.

Investment Programs and Account types

Vault Markets focuses on active trading because they know most traders make money by themselves. However, they also offer ways to earn money without actively trading. For example, you can invest in cryptocurrency staking or buy stocks that pay dividends. Some clients like these options because they offer extra income. Nowadays, brokers usually provide alternative income options like copy trading, MAM or PAMM accounts, and referral programs. Vault Markets offers only one of these options.

Vault Markets offers 8 different types of live trading accounts: Vault 200, Vault 100, Vault Swap-Free, Vault Zero, Vault No Bonus, Vault 1000, Vault 24/7, and Vault Micro. To open a Vault Markets account, you need to deposit at least $5 USD.

Vault Markets Referral Programme

The Vault Markets Referral Programme gives traders special links they can share. They can put these links online, send them through email or messaging apps, or share them on social media. When someone clicks on their link and signs up on the broker’s website, they become the trader’s referral. If these referrals sign up and deposit money, the trader who invited them gets up to 10% of the deposited amount as a bonus. This bonus is given each time the referrals deposit money. Traders can have as many referrals as they want. But to make good money from this, traders need to be very active online. It’s best if they have a popular blog or a social media page with lots of followers.

Trading Platforms

Vault Markets offers the best trading platforms in the industry: MetaTrader4 and MetaTrader5.

MetaTrader4

MetaTrader4, also known as MT4, is easy to use for traders of any skill level. It has charts, tools for analysis, and can automate trades. You can use different currencies like USD, EUR, GBP, SGD, and PLN. It’s available in more than 30 languages so people from all over the world can use it. The way it’s set up makes it work well and it’s secure for trading. You can even use it on your phone when you’re not at your computer. MetaTrader4 has many good features that make it great for trading.

MetaTrader 5

MetaTrader 5, or MT5, lets you trade different financial things, so you can spread out your investments and take advantage of different market changes. It’s fast and efficient, so your trades happen quickly. There are lots of tools and ways to look at charts to help you understand what’s happening in the market. It’s easy to make your own trading plans using MT5. You can see what other traders are doing and keep up with the latest news about the market.

Additional Features

Vault Markets gives you some extra things along with their main services. They have stuff like podcasts on Spotify, a forum online, free books in PDF format, and a newsletter that comes out every week. These are good for people who are new to investing and don’t know much yet. You can also watch videos on YouTube that are integrated into their website. On top of that, you’ll find information about specific brokers on their official site. This info tells you things like how fast they usually execute trades, what lot sizes mean, how to upload documents to your account, and what features different accounts have. They even show examples of trades that went well. Plus, they offer training courses to help you learn more.

However, there are some things missing that could be helpful. For example, they don’t have an economic calendar or a tool to calculate pips in the member’s area. These would be useful for traders who focus on the basics and want to know about market events and how much they might gain or lose.

Customer Support

Vault Markets has a lot of educational stuff you can choose from, most of which you can find on their “Upgrade Your Trade” page. This includes things like The Trading Vault podcast, free books, and a live show on YouTube where they talk about the markets. If you need help, customer support is available all day, every day, which is great for traders who might need assistance at any time.

Frequently Asked Questions

Vault Markets Licenses

Conclusion

Since its start in 2021, Vault Markets has become a well-known broker in South Africa. But, there are big problems with it. We worry about how lightly its parent company, 1st Fintech Capital (Pty) Ltd., is regulated. Also, its linked companies in Namibia and Cyprus aren’t regulated at all. When picking a broker, keeping users safe and having rules for the platform are key. We can’t be sure if Vault Markets is a scam yet. It’s up to you, but we suggest you be safe when trading forex.

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