Vault Markets, established in 2021, is a South African-based brokerage firm that primarily focuses on forex trading and offers a range of financial instruments including CFDs on stocks, indices, commodities, and cryptocurrencies. The company operates under the official name Vault Markets (Pty) Ltd and has its headquarters located in Johannesburg, South Africa, with significant offices also in Namibia and Tanzania.
The firm is privately owned and has rapidly gained traction in the trading community, claiming to serve over 350,000 clients across predominantly African markets. Vault Markets aims to provide a robust trading environment tailored to both novice and experienced traders, offering various account types and leveraging competitive trading conditions. The company is a product of 1st Fintech Capital (Pty) Ltd, which is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.
Vault Markets operates primarily in the retail forex sector, providing services tailored to individual traders looking to participate in the global financial markets. The firm has positioned itself as a modern brokerage with a focus on technology-driven solutions, including the popular MetaTrader 4 and MetaTrader 5 trading platforms.
Vault Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number FSP 51478. The FSCA is responsible for overseeing non-banking financial institutions, ensuring they operate in a fair and transparent manner. However, it is important to note that the regulatory framework provided by the FSCA is considered less stringent than that of top-tier regulators like the FCA in the UK or ASIC in Australia.
The company claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for compliance and the protection of client funds. However, there is limited information regarding the segregation of client funds, which is a critical aspect of ensuring the safety of traders' investments. Additionally, Vault Markets does not participate in any investor compensation schemes, which further raises concerns about the safety of client funds in the event of financial difficulties.
The lack of transparency regarding the regulatory status of its associated entities, particularly Karibu FX Financial Consultant Services (Pty) Ltd in Namibia, adds to the uncertainty surrounding the broker's overall compliance and reliability.
Vault Markets offers a diverse range of trading products, catering to various trading preferences. The firm provides access to over 200 currency pairs, including major, minor, and exotic currencies. Their primary focus remains on forex trading, but they also offer CFDs on various asset classes:
The broker continuously updates its product offerings to meet the evolving demands of its clients, although the exact frequency of these updates is not specified. Vault Markets primarily serves retail clients, but it also has provisions for institutional services, including white-label solutions for other financial entities.
Vault Markets supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are renowned for their user-friendly interfaces and advanced trading capabilities. MT4 is particularly popular among forex traders, offering robust charting tools, technical analysis features, and automated trading through Expert Advisors (EAs).
The MT5 platform enhances the trading experience further by providing additional order types, timeframes, and built-in economic calendars. However, there is no proprietary trading platform available from Vault Markets, which may limit some traders who prefer a customized trading environment.
The broker also offers a mobile application compatible with iOS and Android, allowing traders to manage their accounts and execute trades on the go. However, the mobile app does not currently support full trading functionalities, which may be a drawback for some users.
Vault Markets utilizes a market execution model, ensuring that trades are executed at the best available prices. The broker's servers are situated in secure locations, although specific details about their technological infrastructure are not disclosed.
Vault Markets provides a variety of account types, each designed to cater to different trading needs. The main account types include:
The broker does not offer a demo account, which is a significant limitation for new traders looking to practice their strategies without financial risk. Leverage ratios vary across account types, with some accounts offering up to 1:1000, which can amplify both profits and losses.
Vault Markets supports a range of deposit methods, including bank transfers, credit/debit cards, and electronic wallets such as M-Pesa and Bitcoin. The minimum deposit requirement varies by account type, with most accounts starting at $5.
Deposits are generally processed quickly, with instant processing available for card payments and e-wallets. However, the processing time for bank transfers can take 2-5 working days.
Withdrawals can be made using similar methods, with no minimum or maximum withdrawal limits reported. However, users have expressed concerns regarding withdrawal processing times, with some delays reported. While the broker claims to process withdrawals within hours, many clients have experienced significant delays, raising questions about the broker's liquidity and operational efficiency.
Vault Markets offers multiple channels for customer support, including phone, email, and live chat options. The support team is reportedly available 24/7, although the quality and responsiveness of the service have received mixed reviews from users.
In terms of educational resources, Vault Markets provides access to various materials, including trading guides, webinars, and podcasts. However, the range and depth of these resources may not be sufficient for more experienced traders seeking advanced education.
The broker also offers market analysis services, but there is no indication of comprehensive research tools such as an economic calendar or trading signals, which are often essential for informed trading decisions.
Vault Markets primarily targets clients in the African region, with a significant customer base in South Africa, Namibia, and Tanzania. The broker does not accept clients from certain jurisdictions, including the United States, Canada, Japan, and North Korea.
With offices in multiple locations, Vault Markets aims to provide localized support and services to its clients, although its regulatory status may limit its operations in regions with stricter financial regulations.
In summary, while Vault Markets presents itself as a competitive brokerage option with various trading products and services, potential clients should exercise caution due to regulatory concerns and mixed reviews regarding customer support and withdrawal processes. Always conduct thorough research and consider the associated risks before engaging with any brokerage.
Mpho
South Africa
I just deposited few minutes ago but my money didn't reflect in the vault market trading account
Exposure
2022-10-27
FX1070494334
South Africa
I can't make a internet transfer
Exposure
2022-08-02
为民维权
Nigeria
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!!!
37130
2023-02-24