Vault Markets Review |
|
| 📅 Year founded |
2021 |
| 📈 Multiple top-tier regulation |
No |
| 📍 Headquarters |
Johannesburg, South Africa |
| 🌍 Country of regulation |
South Africa |
| ✅ Regulators |
FSCA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
R50 / $5 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Equities |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Paxful / Airtel / OZOW / Alphapo / PayFast / Local Transfers |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Deposit Bonus |
| 💰 Account Currencies |
USD / ZAR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / ECN |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/7 |
| 💰 Max. Leverage |
1 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
None |
| 💰 Spreads |
From 1.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
Unknown |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
Unknown |
| 📙 Education |
Blog / Podcasts / eBooks |
WHAT IS VAULT MARKETS
Vault Markets is a regulated online brokerage firm that provides a comprehensive trading platform focusing on forex and various other derivative instruments. Established with an aim to facilitate global access to the financial markets, Vault Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which ensures a reliable and secure trading environment for clients.
As a regulated entity, Vault Markets adheres to stringent guidelines that enhance its credibility and safety among traders. This regulatory framework compels the broker to maintain transparent business practices including client fund segregation, submission of regular audit reports and adherence to fair trading protocols.
Vault Markets’ offerings cater to a diverse clientele ranging from beginners to seasoned traders. It provides a robust selection of trading tools, extensive market access and a variety of educational resources designed to empower traders with the knowledge and skills required to navigate the complexities of forex and derivatives trading.
Furthermore, by being regulated under South African law, Vault Markets upholds high standards of customer protection and operational integrity, making it a compelling choice for traders seeking a balance between expansive trading opportunities and stringent regulatory oversight.
INTRODUCTION
In the dynamic and competitive landscape of online trading, Vault Markets stands out as a regulated broker that prioritises accessibility, transparency and customer satisfaction. Established to offer both novice and seasoned investors a gateway to the global financial markets, Vault Markets combines a user-friendly interface with a comprehensive suite of trading tools.
This review delves deep into the services and features provided by Vault Markets, from its regulatory framework to its trading platforms and customer support. By examining the broker’s complete offering, we aim to equip potential traders with a thorough understanding of Vault Markets’ operational practices, its advantages and the potential drawbacks that come with trading in a highly volatile market.
The emphasis on regulation by the Financial Sector Conduct Authority (FSCA) in South Africa reassures potential clients of the broker’s commitment to adhering to legal standards and ethical trading practices. This backdrop sets the stage for a detailed exploration of how Vault Markets manages to meet trader expectations and navigate the challenges presented by the global trading environment.
PROS & CONS
PROS
- Wide range of trading instruments including forex, indices, commodities and equities.
- Advanced trading platforms accessible on multiple devices.
- Competitive spreads and low trading fees.
- Comprehensive educational resources for traders at all levels.
CONS
- Limited regulatory oversight by only one authority.
- No cryptocurrency trading options.
- Relatively new in the market, which may pose concerns regarding long-term reliability.
TRADING INSTRUMENTS
Vault Markets offers a diverse array of trading instruments, catering to the varied interests and investment strategies of its clientele.
Forex
As a staple of the trading world, Vault Markets provides access to a wide range of major, minor and exotic currency pairs, although the exact number of pairs is unspecified. Forex trading is favoured for its high liquidity and 24/5 market operations, offering opportunities for profit in both rising and falling markets.
Indices
Traders can engage with some of the world’s leading indices, such as the S&P 500, FTSE 100 and the Nikkei 225. Trading indices allows exposure to broad market movements and the economic health of a particular region, without the need to analyse individual stocks.
Commodities
The brokerage facilitates trading in a variety of commodities which include precious metals like gold and silver and energy commodities such as oil and natural gas. Commodities trading is often used for hedging against inflation or portfolio diversification.
These instruments are accessible through Vault Markets’ trading platforms, allowing traders to diversify their investment portfolios significantly. Each category of instruments has its own unique set of market drivers and risk factors, making it crucial for traders to be well-versed in the characteristics of the assets they choose to trade.
Vault Markets supports this endeavour by providing educational resources and analysis tools that help traders make informed decisions.
TRADING PLATFORMS
Vault Markets provides its clients with access to two of the most widely acclaimed trading platforms in the industry: MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are renowned for their robust features, reliability and adaptability to various trading strategies, making them ideal for traders at all levels of experience.
MetaTrader4 (MT4)
MT4 remains one of the most popular trading platforms due to its simplicity and effectiveness. It is particularly favoured for forex trading but is equally capable of handling trades in other instrument types like commodities and indices. Key features include:
- Advanced Charting Tools: MT4 offers a comprehensive set of charting tools that allow traders to analyse market trends and price movements in real-time.
- Expert Advisors (EAs): The platform supports automated trading strategies through EAs, which can trade automatically based on predefined criteria without requiring manual intervention.
- Custom Indicators: Users can create their own custom indicators in addition to the wide array of existing ones, providing flexibility and depth to market analysis.
- User-Friendly Interface: Designed with usability in mind, MT4’s interface is intuitive, making it accessible even for beginners.
MetaTrader5 (MT5)
MT5 is a more advanced platform that builds on the capabilities of MT4, offering additional features designed to cater to more sophisticated trading operations. It is not just an upgrade but a different platform designed for a wider range of markets, including stocks and futures.
Its features include:
- Multi-Asset Platform: MT5 allows trading across different financial markets, including stocks and futures, not just forex.
- Advanced Financial Trading Functions: It offers more technical indicators, graphical objects and timeframe options than MT4, enhancing analytical capabilities.
- Economic Calendar: Integrated directly into the platform, the economic calendar provides updates on important financial events, which can impact market movements.
- Enhanced Strategy Tester: For traders who use automated trading strategies, MT5 offers a sophisticated testing environment that allows simulation of trading bots in various market conditions.
Both platforms are available on desktop for Windows and Mac, as well as mobile apps for Android and iOS, ensuring that traders can monitor the markets and manage their trades from anywhere at any time. The availability of both MT4 and MT5 allows Vault Markets’ clients to choose the platform that best suits their trading style and needs, with the assurance of stable performance and extensive support resources.
ACCOUNT TYPES
Vault Markets offers a versatile range of account types to meet the diverse needs of its clients, from beginners to professional traders. The brokerage has designed these accounts with various features and bonuses to cater to different trading styles, risk tolerances and financial goals.
Standard Accounts with Bonuses
The Standard accounts provide spreads from 1.0 pips while no commissions are charged on trades. Additionally, leverage of up to 500:1 is available on these accounts.
- 200% Bonus Account: This account offers a 200% bonus on initial deposits, which significantly increases the trading capital available to traders. It’s ideal for traders looking to maximise their trading potential with extra leverage.
- 100% Bonus Account: With a 100% deposit bonus, this account doubles the trader’s initial capital, providing more room to manoeuvre and manage trades.
Specialty Accounts
These accounts require a higher minimum deposit of $100 USD and charge commissions on trades, while offering spreads from 0.0 pips.
- Islamic Account: Tailored for traders who require transactions to be executed in compliance with Sharia law, this account does not incur swap or interest charges on overnight positions.
- Zero Spread Account: This account offers zero spreads on major forex pairs, which is particularly advantageous for day traders and scalpers who benefit from low transaction costs.
Micro Accounts
- Micro Bonus 100% Account: This is designed for small-scale traders, offering a 100% bonus and allowing traders to trade with smaller lot sizes.
- Micro Bonus 200% Account: Similar to the Micro Bonus 100%, but with a 200% bonus, enhancing trading capabilities with even smaller initial capital.
Vault-Specific Accounts
- Vault250 Account: This account requires a higher minimum deposit but offers enhanced features and lower brokerage fees, suited for more experienced traders.
- Vault No Stop Out Account: This unique account type is designed to offer maximum protection against negative balance, preventing the stop-out of positions in volatile market conditions.
- Vault Micro Account: Aimed at beginners and those with limited funds, this account allows trading in micro-lots and often comes with educational resources and support.
Each of these account types is structured to provide distinct advantages depending on the traders’ objectives, trading strategies and the level of risk they are prepared to undertake. The variety of bonus options available also helps in attracting a broader base of clients by offering them incentives that enhance their trading experience right from the start.
When choosing an account, traders should consider their own trading style, experience level and risk management strategies. It’s also crucial to understand the terms and conditions associated with each account type, especially regarding bonuses, as these can affect withdrawal conditions and other account operations.
HOW TO OPEN AN ACCOUNT
Opening an account with Vault Markets is straightforward. Prospective clients need to fill out an online application form, verify their identity and residence through necessary documents which need to be verified by the broker.
Once these documents are verified, traders are required to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
Vault Markets offers a demo account with virtual funds, allowing traders to practice trading strategies and get accustomed to the platform without financial risk.
SOCIAL TRADING AND COPY TRADING
The broker does not offer its own proprietary social or copy trading features, however, through the provision of the MteaTrader platforms, traders are able to access a variety of social and copy trading features on the platforms.
COMMISSIONS AND FEES
Vault Markets prides itself on transparency with competitive commissions and low fee structures. The actual costs can vary between account types, emphasising the need for traders to understand the fee implications of their chosen account.
Most accounts don’t charge commission except the Islamic and Zero Spread accounts, where commissions are charged but the exact fees are not listed under the broker’s website.
LEVERAGE
Leverage options are flexible, ranging up to 500:1 for major currency pairs. This allows traders to open large positions with a relatively small amount of capital, amplifying both potential gains and losses.
WITHDRAWALS AND DEPOSITS
The broker supports a range of deposit and withdrawal methods including bank transfers, credit and debit cards and various eWallets. Transactions are generally processed promptly, although withdrawal times can vary depending on the method used.
The broker also does not charge any deposit or withdrawal fees, although they do state that these may be charged by third-party financial service providers, depending on the transaction method.
CUSTOMER SERVICE
Customer support is available 24/7 via live chat, email and phone. The service team is knowledgeable and responsive, providing timely assistance to trader queries.
The broker’s support team is available in a limited range of languages as the broker’s services are mainly geared toward clients in Africa.
SAFETY AND SECURITY
Ensuring the safety and security of client funds and information is paramount for any financial institution and Vault Markets takes this responsibility seriously through stringent security measures and compliance with regulatory standards.
Vault Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which is a significant aspect of its commitment to safety and security. The FSCA is known for its strict regulatory standards and plays a crucial role in overseeing the operation of financial markets in South Africa.
It ensures that all regulated entities operate with transparency, fairness and integrity.
Being regulated by the FSCA provides several layers of security for clients:
- Client Fund Segregation: Vault Markets is required to keep client funds in segregated accounts, separate from its corporate funds. This means that client money is not used for any business activities and is protected in the event of the broker’s insolvency.
- Regular Audits: The broker must submit regular audit reports to the FSCA, ensuring compliance with financial standards and operational integrity.
- Compliance with Financial Laws: Vault Markets must adhere to a wide range of financial laws, including anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Vault Markets utilises state-of-the-art security measures to protect clients’ personal and financial information through SSL encryption, two-factor authentication and advanced risk management tools.
Vault Markets’ adherence to FSCA regulations, combined with robust internal security protocols and educational initiatives, forms a comprehensive safety framework that protects its clients’ investments and personal data, fostering a secure trading environment.
PROMOTIONS
Regular promotions and bonuses are offered to both new and existing clients, which include deposit bonuses and other incentives to enhance trading capital. These bonuses include a 100% and 200% deposit bonus, depending on the account type selected.
RESEARCH
The broker offers comprehensive market research tools including daily analyses and forecasts, which can help traders make informed decisions. Additionally, the provision of the Metatrader platforms ensures that traders have access to the range of advanced tools provided by those platforms.
EDUCATION
Vault Markets provides a rich educational hub featuring podcasts, eBooks and an in-depth blog. The broker ensures that their traders have access to a wide range of educational resources, highlighting the broker’s commitment to their clients’ success.
GLOBAL AWARDS
Although relatively new, Vault Markets has garnered attention within the industry, reflected in several minor awards for customer service and innovation. Some of their most recent awards include the following:
- Most Secure Broker (2022) – International Investor Awards.
- Most Innovative Broker (2022) – International Investor Awards.
- Fastest Withdrawal Platform in Africa (2021) – international Investor Awards.
- Best MT4 Online Solutions Providers (2021) – World Business Outlook Awards.
- Best New Forex Broker (2021) – World Business Outlook Awards.
SAFE OR SCAM?
When evaluating the legitimacy and safety of a broker like Vault Markets, it’s essential to consider several factors that help distinguish a reliable and trustworthy broker from a potential scam. Vault Markets falls under the scrutiny of various indicators of safety, primarily its regulatory status, operational transparency and client feedback.
Vault Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which is a credible and respected regulatory body in the financial world. The FSCA enforces strict operational standards including financial transparency, client fund protection and fair trading practices.
The presence of such regulation is a strong indicator that Vault Markets operates within legal frameworks and is committed to upholding the integrity of its trading operations.
Transparency in business operations, such as clear communication regarding fees, commissions and trading conditions, is another crucial factor. Vault Markets provides extensive and easily accessible information on its platforms about its trading policies and costs, which suggests a level of openness that is not typical of fraudulent operations.
Exploring reviews and feedback from existing and former clients can provide insights into the broker’s reliability. Vault Markets generally receives positive feedback regarding its customer service and the efficiency of its trading operations, which supports its legitimacy.
The broker’s investment in advanced security measures, such as SSL encryption, two-factor authentication and compliance with AML regulations, further reinforces its legitimacy. These security protocols are essential for protecting clients’ funds and personal information, deterring scam operations.
While no trading environment is entirely risk-free, the regulatory oversight, transparency, positive client feedback and robust security measures suggest that Vault Markets is a legitimate broker. However, traders should always conduct their own due diligence and consider their own risk tolerance when choosing to trade with any broker.
CONCLUSION
Vault Markets offers a comprehensive trading environment with its diverse trading instruments, advanced platforms and educational resources. The broker provides a cost-effective service, ensuring their services are available and accessible to all traders.
After conducting the above review into this broker, the team at Brokeruggest.com can recommend this broker as a solid choice to traders based in Africa, as their services are somewhat limited to other countries around the world.
