Vault Markets Review: A Legit Broker?

Introduction

Vault Markets is a relatively new online brokerage firm founded in 2021 in South Africa. The broker has won several awards.

The company’s adherence to regulatory standards significantly contributes to establishing trust. VaultMarket’s status as a regulated broker underscores its credibility in the eyes of traders. The broker’s increasing popularity, driven by its offerings of valuable services like ultra-low latency, customised account types, and a safe trading environment, propels it to new heights in the competitive brokerage world.

Overview of Vault Markets

Broker’s Name	Vault Markets
Headquartered	South Africa
Founded	2021
Regulating Authority	FSCA
Demo Account	No
Institutional Account	No
Maximum Leverage	1:500
Minimum Deposit	5/ZAR 80
Platform Types	MetaTrader 4 and MetaTrader 5
Tradable Assets Offered	Commodities Shares Forex Indices
Withdrawal Options	Skrill Internet Transfer Perfect Money Neteller BankCard Internet Banking Bitcoin
Deposit Options	Bank Card Bitcoin Perfect Money Neteller Internet Transfer Internet Banking Skrill

What is Vault Markets?

Vault Markets is an online broker based in South Africa that has recently debuted in the trading market. Despite being a developing broker, it has proved its worth by winning various awards from renowned organisations. 

Their standout feature lies in the capability to receive immediate withdrawals and enjoy a 200% bonus on deposits as modest as $50, rendering them particularly enticing for traders. Vault markets provide remarkably narrow spreads, adding another layer of allure to their trading platform. The presence of such minimal spreads significantly streamlines the trading experience.

Is Vault Markets Legit or Scam?

VaultMarkets is not a scam but a legit broker. It operates under the regulation of the Financial Sector Conduct Authority in South Africa, holding license number FSP-49015. This regulatory framework guarantees that Vault Markets is a secure and reliable broker.

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With a higher authority overseeing every facet of the broker’s activities, the risk of fraudulent practices is considerably reduced. Consequently, traders can confidently opt for Vault Markets as a dependable and secure platform to invest their assets, alleviating any worries about potential scams.

VAULTMARKETS (PTY) LTD.

Vaultmarkets (Pty) Ltd. is a creation of 1st Fintech Capital (Pty) Ltd, South Africa.

Company number: 2020/936466/07.

Registered Address: 177 9th Avenue Highlands North Johannesburg, Highlands North, Gauteng, 2092

Physical Address: 2nd floor, Nelson Mandela Square, Maude Street, Sandton.

1ST FINTECH CAPITAL

1st Fintech Capital (Pty) Ltd, located in South Africa,  is an authorised financial services provider. It is duly licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, bearing FSP No. 51478.

Company number: 2020/936466/07,

Registered Address: Eastgate Office Park Block A, Ground Floor South Boulevard Road, Bruma 2198.

Reference Link

NEO BROKERS

Vaultmarkets (Pty) Ltd. engages the services of Neo Brokers International Ltd.

Company registration number: HE430690. 

This collaboration is for processing payments on behalf of 1st Fintech Capital.

Registered Address: Naxou 1 Office 103, 2043 Strovolos Nicosia, Cyprus

Vault Markets Account Types

Vault Markets offers customisable 11 account types for traders to benefit them.

Account Types	Minimum Deposit	Spreads	Leverage	Bonus	Withdrawals
Vault 200	$5	1 pip	N/A	Included	Instant
Vault 100	$5	1 pip	1:500	Included	Instant
Vault Swap-Free	$100	1 pip	1:500	No	Instant
Vault Zero	$100	0 pip	1:500	No	Instant
Vault-No Bonus	$5	1 pip	1:500	No	Instant
Vault 1000	$100	1 pip	1:1000	No	Instant
Vault Micro	R10	N/A	N/A	No	Instant
Vault 250	$5	1 pip	N/A	Included	Instant
Vault Micro 100%	R50	1 pip	1:500	No	Instant
Vault Micro 200%	R50	1 pip	1:500	No	Instant
Vault 24/7	$5	N/A	N/A	No	Instant

Vault Markets has introduced another account type coming soon, as per the website. The account is named Vault 50 or 50% Bonus Account.

Vault Markets Demo Account

VaultMarkets does not offer Demo Account services, meaning there are no virtual funds available for practice and analysis of trading for novice traders.

Account Registration At Vault Markets

STEP 1. Go to the Vault Markets website.

STEP 2. Locate and click on the “Register” icon on the right side of the website to initiate your account setup.

STEP 3. Fill in the necessary details on the provided form.

STEP 4. Read the terms and conditions and agree to it.

STEP 5. Check your email for a confirmation message.

STEP 6. Upon confirmation, deposit the required funds and submit the necessary documents.

STEP 7. Begin your trading journey with VaultMarkets.

Vault Markets Login

After registration, traders can log in to their accounts by:

STEP 1: Click the Login button on the website’s top right.

STEP 2: Enter your login details, email and password.

STEP 3: Your account will open, and you can start trading.

Trading Assets Offered By Vault Markets

VaultMarkets offers various types of trading assets:

STOCKS	COMMODITIES	FOREX	INDICES	CRYPTO
Go long or short on big brands	Traders can take positions on different commodities	200+ major and minor currency pairs	10+ world’s largest stock indices	Tradable cryptocurrencies are bitcoin, ethereum
Such as Adidas, Nike, Tesla	Precious Metals and Oils	GBP/EUR and USD/GBP	NAS100 and US30	Ripple, BitcoinCash

Trading Platforms at Vault Markets

The broker provides the most advanced trading platform in the industry, that is, MetaTrader4 and MetaTrader5.

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MetaTrader4

• Suitable for traders of all skill levels, the Vault Markets MT4 platform is known for its user-friendly interface.
• Its advanced charting features, technical analysis tools, and automation capabilities are acknowledged.
• The platform supports multiple account-based currencies, including USD, EUR, GBP, SGD, and PLN.
• Available in over 30 languages, MetaTrader 4 caters to a diverse global user base.
• Its distributed architecture ensures efficiency and a robust security system provides a secure trading environment.
• The platform offers convenient mobile trading for users on the go.
• MetaTrader 4 presents compelling competitive advantages with these features, making it an ideal solution for even the most demanding trading needs.

MetaTrader 5

• MT5 provides access to diverse financial instruments, enabling portfolio diversification and the exploitation of various market movements.
• With its quicker and more efficient processing, MT5 ensures rapid and seamless execution of trades.
• MT5 offers an extensive range of indicators and charting options, empowering traders to navigate market trends effortlessly.
• The enhanced programming environment in MT5 allows traders to create sophisticated trading strategies easily.
• Traders can gain valuable insights into market dynamics by viewing buy and sell orders at different price levels.
• The MT5 platform keeps traders abreast of market news through real-time updates and an integrated economic calendar.

Vault Markets Mobile Application

Vault Markets offers its dedicated mobile application, which is accessible for download on iOS and Android (APK) devices. Traders can obtain the application conveniently from the broker’s website or the respective app stores. Compatibility and download options for Huawei devices will be introduced in the near future.

Vault Markets App Download

Traders can easily download the app for both iOS and Android devices. Here is the link for the download from the play store and ios app store. 

Deposits and Withdrawals

Vault Markets offers a range of Deposits and Withdrawal methods.

Vault Markets Deposits

Vault Markets provides an extensive range of deposit options to accommodate a variety of client preferences. These options encompass EFT, Card, MPESA, Bitcoin, and Perfect Money.

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Deposit times can vary, especially for wire transfers, as they are contingent on the operating hours of banks. However, once the processing is concluded, Vault Markets ensures funds become instantly available.

Deposit Methods	Characteristics
Bank Wire Transfer	Limited to local transfers
Online Transfers	MTN Mobile Money, Perfect Money and M-Pesa are accepted.
Cryptocurrencies	Bitcoin
Credit/Debit Card	MasterCard or Visa can be utilised, and this method typically ensures instant processing of funds.

Vault Markets Withdrawals

Vault Markets exclusively provides withdrawal payment options through bank wire transfers. The broker prides itself on a rapid approval process, guaranteeing clients receive payouts within a few hours. 

It’s essential to be aware that withdrawals may encounter delays on weekends and public holidays. Notably, no minimum or maximum withdrawal limits are imposed, offering clients flexibility in their transactions. Vault Markets’ withdrawal time is usually fast and efficient.

Vault Markets Minimum Deposits

Vault Markets imposes varying minimum deposit requirements based on the chosen account type and payment method. The No Bonus Account has the lowest initial deposit requirement of $5.

Conversely, other account types mandate a minimum deposit of $100. Vault Markets accepts account denominations in USD, ZAR, and TZS.

Leverage

Vault Markets provides maximum trading leverage of up to 1:500. Every account type has different leverages. The trader can choose according to their trading preference and psyche. The highest leverage offered at Vault Markets is 1:2000. 

Fees, Commission and Spreads

Costs differ depending on the account type, with spreads commencing at 1 pip for most instruments. The Zero Spread Account offers pips from 0.0 and a competitive commission. Rollover fees are applicable for positions held overnight, and there is a $10 monthly charge for dormant accounts left inactive for a year. In general, the trading costs align with industry standards.

Pros and Cons of Vault Markets

Here are some advantages and disadvantages of Vault Markets:

PROS	CONS
The minimum deposit is relatively low	Lacks Demo Account
Stringently regulated by Tier 1 authority	Lacks Research Tools
Various options for deposit and withdrawals	Limited Portfolio in terms of assets
Quick procedure for withdrawals
Range of customised accounts to choose from

Customer Support at Vault Markets

Vault Markets offers multiple contact channels, including phone, email, Skype, and social networks. However, it’s important to note that there is no 24/7 customer support availability and no live chat option.

Email Address: [email protected] 

Helpline Contact Number:

+27104496045 – South African clients 

+255742297685 – Tanzanian clients 

+264813682400 – Namibian clients

Live Chat WhatsApp Number: +27 64 320 6843 

Alternatives to Vault Markets

Here are some alternatives to Vault Markets for better trading experience:

• Capitalix
• Equiity
• AvaTrade
• ModMount
• InvestFW 

Conclusion

VaultMarkets has swiftly become a widely utilised broker platform in South Africa. Boasting extensive research resources and round-the-clock customer assistance, the platform provides traders with convenient trading experiences. VaultMarket stands out as an interactive and user-friendly trading platform. Offering support for multiple languages, the flexibility to trade in various currencies, and the absence of restricted deposit or withdrawal limits empowers traders to engage in unrestricted trading. 

Despite being a recently developed platform, VaultMarket has rapidly achieved notable market success thanks to its easy-to-use features.

FAQs

Who owns Vault Markets?

Vaultmarkets is a product of 1st Fintech Capital (Pty) Ltd, located in South Africa, with the company number 2020/936466/07. It operates as an authorised financial services provider.

How to withdraw from Vault Markets?

Here are the steps to withdraw from Vault Markets:

• Access the portal/app and log in.
• Choose the desired amount.
• Click the submit button.
• Receive funds within 4 hours.

How long does Vault Market’s withdrawal take?

The Vault Market withdrawals take approximately 4 hours to process. 

How to deposit money in Vault Market?

STEP 1. Go to the VaultMarkets website and open the “TradeNow” dropdown.

STEP 2. Choose “Deposits and Withdrawals.”

STEP 3. Select your preferred deposit method.

STEP 4. Click “Register” to proceed to the live sign-up.

STEP 5. Complete the sign-up process by providing the required information.

What is NAS100 on Vault Markets?

NAS100 on Vault Markets is a prominent US stock index comprising 102 of the largest non-financial companies listed on the NASDAQ exchange.

How do you open a Demo Account on Vault Markets?

Vault Markets does not offer a Demo Account.