Is Vault Markets Legit?

It is imperative to consider a broker’s administrative body and regulatory status when choosing a broker like Vault Markets. It is up to broker discretion whether or not to conduct trades without the supervision of a regulatory body. Investing your money is risky. Trading CFDs and Spread Betting with this provider results in around 75.78% of retail investor accounts losing money. Is Vault Markets legit? You’ve come to the right place to know!

Vault Markets is one of the newest brokers on the Forex market in South Africa. Vault Markets was established in 2021, and it has some of the most exciting characteristics. The vault markets offer traders uncomplicated access to most financial instruments and provide 24-hour trading.

History and headquarters of Vault Markets

Established in 2021 and operating for one year, Vault Markets has a headquarter in South Africa. Vault Markets is a licensed and regulated broker in South Africa that gives you an exceptional trading experience by customizing your account type to your trading style.

This means getting rid of what you don’t need and focusing on what you need! The money is held in separate bank accounts to protect the client’s privacy, and you can withdraw funds on the same day.

Vault Markets South Africa has a license and regulation issued by the Financial Sector Conduct Authority (FSCA) No. 49015 in Johannesburg, South Africa. Company number 2017/157566/07 indicates a registered financial services company.

Awards

5 stars from 881 ratings

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Awards from prestigious organizations and publications have a significant impact on the reputation of forex broker companies. Most brokers are proud to announce such awards on their websites

During its year of service to traders, Vault Markets has earned the following awards:

Best New Forex Broker 2021 – Africa

Best MT4 Online Trading Solutions Provider 2021 – Africa

Vault Markets account accounts

The forex account is a type of trading account established by a company such as Vault Markets, whose primary purpose is to enable trading through its platforms. There is usually a variation in the types and number of accounts a trader may open with broker companies depending on which country the brokerage operates in, where the trader resides, and by which regulatory authority the brokerage has regulation.

Spreads or commissions are usually different, and the required minimum deposit varies as well as specific services and advantages each account holder may have access to.

Shariah-compliant Islamic accounts, swap-free accounts, are available for Muslim customers. These accounts are identical to the other types but act following Shariah law.

Types of accounts and their features

Vault Markets appears to offer several accounts, but you can open each account as either a ZAR account, a TZS account, or a USD account. While the website does not provide much information regarding trading conditions for this account, you can determine the following features!

Leverage of up to 1:500
Multiple tradable assets
A single trading platform
No deposit limits
No platform charges
Low spreads

Vault Markets offers free demo accounts. Using similar trading conditions is an option for those who wish to set up their accounts. You can use these demo accounts for 28 days before they expire, but you can open a new one after the current one ends.

Deposit and withdrawals

Traders on Vault Markets are not required to deposit a minimum deposit. However, you should deposit a minimum of $500 to ensure that they have the proper risk management in place and maximize their earning potential.

Traders who wish to fund their accounts with USD will need to use a wire transfer since it is the only method available. However, if a trader wishes to use ZAR, the person can use a credit or debit card. There are no details regarding bank transfer fees on the broker’s website, but credit and debit card fees of $0.11 and a 2.3% fee.

Traders should note that withdrawal requests can only be processed after 14:00, and they need to ensure they don’t need their funds right away. Information about withdrawal times and processing times is unclear except that requests made after 15:00 will accomplish the following day. If you want quick access to profits, this could be a problem for you.

Withdrawals from cards typically take between 1 and 5 business days, and bank transfers generally take 3 to 5 business days.

Cost, fees, commissions, and spreads

Various factors affect how much it costs to trade, such as commissions, spread, and margins.

There is a difference between the bid and ask rate of a currency pair, called the spread. A pip is considered the slightest increase or decrease in a currency pair. For example, in currency pairs using TZS as the term currency, a pip is equal to 0.01, and in all other pairs, it is similar to 0.001.

You have to open a margin balance in your account as part of opening a position. You can calculate the margin balance according to the current exchange rate of the base currency against USD, size (volume) of the situation, and leverage.

A trader pays commissions to their broker for their work on their behalf. Brokers charge varying commissions depending on the service they provide.

The commissions are usually lower for execution-only brokers who offer traders complete control over how they trade the markets and don’t offer personalized investment advice.

Trading contract for differences (CFDs) is a form of derivative trading that allows traders to speculate on the rise or fall in the price of securities traded on fast-moving global financial markets, but commissions are charged when trading shares. CFDs do not incur commissions on other markets, but they do incur a spread around the market price of an instrument.

There is no concrete information about Vault Markets’ trading costs. Their spreads and commissions are unclear, so one cannot determine their actual trading costs. However, it is possible to see a trend since the demo account offers spreads around one pip on the EUR/USD pair. Overnight holding of trades results in swaps being charged or awarded.

If the account remains dormant for more than 12 months, a $10 per month fee is imposed on the balance until you make a trade or the balance reaches zero.

Leverage

A disadvantage of the Vault Markets website is that it shows only one leverage ratio, i.e., 1:500. As a result, traders can choose from less variety of leverage based on their trading style.

Bonuses and promotions

Many Forex brokers offer new traders deposit bonuses to entice them. Although this is useful, it is essential to distinguish what conditions you meet to reap the benefits.

When traders open an account, they will be liable for the same expenses as any other trader. Bonuses often compensate new traders for choosing a particular broker. In most cases, the premium starts reimbursing the trader for his expenses after proving that he is active.

Thus, although no deposit bonuses are a great way to get started trading, the conditions to benefit from it often require you to trade so much before you can withdraw profits that it may not be as rewarding as you thought.

A recent step by the European Securities and Markets Authority (ESMA) addresses investor protection measures when marketing, distributing or selling CFDs. By doing so, brokers are forbidden from providing retail clients with a monetary or excluded non-monetary benefit concerning the promotion, distribution, and sale of a CFD, thereby ruling out the possibility of such bonus payments.

This is the first time a company has done something like this! As a result, your entire deposit can be boosted by 200% up to R280 000. You can claim the bonus when you deposit through the app or online portal.

The bonus will reach your trading account after transferring funds. As part of this bonus program, clients can claim a bonus on profits transferred from their trading account to their wallets – the bonus amount relates to the amount transferred rather than the initial deposit amount.

Trading platform

The portfolio of trading systems includes both the most popular features and those that are unique to the company. Platforms offered include MT4 with cutting-edge technology and Sirix, CopyKat, and the ability to learn best practices in 1 to 1 trading.

It offers three execution modes and eight order types, making MetaTrader an effective trading system. Furthermore, it allows its users to access many social tools, such as trading signals, algorithmic trading, financial news reports, and over 50 analytical tools. In addition, news and alert system are available to help users stay informed about the market wherever they are. It’s no wonder the program is its users’ favourite with all those fantastic features.

With Sirix Web Trader, traders can trade without downloading or installing any software from their mobile phones, computers, or tablets, offering a revolutionary development in the world of currency trading. Instead, Sirix seamlessly connects traders with different markets and currencies with a single click. Sirix runs on both Mac OS and Windows.

You can copy the top 100 traders from the market using the CopyKat system, and you don’t even have to be an expert in trading, choose the best suitable trader and follow his orders.

One-on-one trading presents an exclusive opportunity to trade with a professional trader who will assist the trader through the whole trading process to make it brighter, faster, and better. Additionally to the automatic Forex signals, this feature helps novice traders increase their trading knowledge.

Naturally, it is crucial that a trading strategy employs Forex trading signals effectively and makes sure it suits each trader’s needs and goals. But, if you go through with the process, remain disciplined, calculated, and patient. It’s best to avoid trading on emotions or going beyond your means when it comes to trading to ensure long-term growth.

Trading signals help protect you against the volatility condition of the market at the end of the day, and the state of the market requires responsible trading to take specific steps to protect itself.

Markets, products, and instruments

Most brokers typically offer the following market instruments:

Forex:

Trading forex, or currency trading, transfers currencies from one party to another at a floating rate as individuals, companies, and financial institutions exchange currencies for each other.

Commodities:

A commodity market is a market for trading goods based on contracts, just as currency exchange markets are.

Indices:

Indices of equity or stocks can indicate a particular set of the largest companies in a nation or display a specific stock market. It is an actual stock market index representing the value of a specific portion of the market.

Precious metals:

In this model, hard commodities are traded contract-based as hard metals such as gold, silver, and platinum.

Energy:

Political, environmental, and several other factors are typically responsible for the high volatility of energy prices, making these products a popular trading option.

Pros

You get the best trading experience with Vault Markets. In addition, you can customize your account by adding great tools.
Refer a friend and get 10% off your deposit.
You will receive a 200% deposit bonus
At Vault Markets, withdrawals are quick and easy.

Cons

Only a few positive reviews.
There is no education or research provided.
It is possible to use limited leverage.

Bottom line

Vault Markets warn traders that Forex and CFDs trading always entails a high degree of risk, which is why it may not be suitable for every investor.

Before investing money they cannot afford to lose, you should carefully consider their investment objectives, financial situation, needs, and level of experience before deciding to trade the products offered by Vault Markets.

If a trader uses Vault Markets’s leveraged accounts, they should maintain a sufficient margin level for the position to stay intact. Using higher than necessary leverage when trading Forex/CFD and Options on margin can be beneficial or detrimental to a trader. When making initial investments, losses can always be sustained to some degree or another.

In general, though Vault Markets strives to fill trades at the requested price, trading on the Web does not reduce the risks associated with currency trading, and quotes and trades are usually subject to the terms and conditions of the available brokerage agreement on Vault Markets’ website. Therefore, before trading, potential traders should become familiar with all these risks and seek financial advice.

Categories: Traders Blog | Author: jason | Date: 20 January 2022

jason

Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.

Forex Content Writer | Market Analyst

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Is Vault Markets Legit?

In this article

Broker Verified

Bonus Promotion

up to 200%

History and headquarters of Vault Markets

Awards

Broker Verified

Vault Markets account accounts

Types of accounts and their features

Deposit and withdrawals

up to 200%

Cost, fees, commissions, and spreads

Leverage

Bonuses and promotions

Trading platform

Markets, products, and instruments

Forex:

Commodities:

Indices:

Precious metals:

Energy:

Pros

Cons

Bottom line

up to 200%

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Does Exness Have Nasdaq?

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Best Time to Trade Forex in South Africa

Tickmill MT4 – MetaTrader 4

Forex Timeframes

Evening Star Pattern

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