Vault Markets is a new introducing Forex CFD broker, that opened in July 2021, for South African investors.
Owned and operated by; Egoli Forex (Pty) Ltd, they are located at: 381 Rivonia Blvd, Rivonia, Johannesburg, 2191, South Africa. Contact phone number in South Africa is; +27104496045, and via WhatsApp +27740246890.
Investors with complaints or withdrawal problems should read this.
Vault Markets Reviews
Our review of the new brokers at Vault Markets Trade finds, that they offer their day trader and investors the standard MT4 or MT5 trading platforms. Clients can either download the desktop trading app, or install the mobile app from iTunes or Google Play. Also available is a custom trading app specific to this broker.
Vault Markets offers more than 150 underlying assets for trading CFD’s, including all popular Forex pairs and some Crypto Currency pairs like Bitcoin. Margin / leverage rates on Forex pairs is up to 500:1, and Crypto leverage is 10:1.
The minimum deposit for a new trading account is between $10 – $100 depending on which account type you choose. Your trading account can be denominated held in ZAR or USD. Deposits can be made via Credit Card, ETFPay or Ozow. As a South African broker, their website is localized in English, Afrikaans, Zulu and Swahili.
Demo trading accounts are not available from Vault Markets, so you should open a Free demo account at CMTrading.
Fake TikTok Traders
Many South African’s get involved in Forex trading & investing, because of a trader they found on Instagram. Fraudsters create fake Instagram profiles, and display a high rollers lifestyle, which they claim comes from their success in Forex trading.
Before following one of these traders, you must know that the people running managed account schemes are very often frauds! They are setup as Introducing Brokers, and many of them will profit off of your trading volume.
First thing to do, is educate yourself about day trading, and then look into Copy Trading at a regulated broker like CMTrading.
Is Vault Markets a Legit Broker?
Yes, because Vault Markets is technically owned by Egoli Forex (Pty) Ltd, company number 2017/157566/07, which is regulated by the FSCA in South Africa, with license number FSP 49015.
It gets confusing because if you read their terms and conditions page, you will see: “VaultMark South Africa a product of Egoli Forex (Pty) Ltd acts only as a facilitator between you and Karibu FX Namibia, a company established and operating from the Republic of Namibia, the counterparty and principle to the contract for difference purchased by you (the Client).”
This is similar to the arrangement that Trade245 offered their clients. So if you are trading with Vault Markets, you are actually trading with Karibu FX, and your customer agreement is governed by the laws of Namibia.
Scam Broker Investigator uses a unique method to review new CFD brokers to see if they are legitimate or a scam. We start by checking the validity of the brokers license. Why does a broker need a valid license? Because everyday we find unlicensed brokers that simply disappear and go out of business stealing investors money.
World class brokers are always licensed by; ASIC in Australia, FCA in United Kingdom, or your governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are offered from your financial regulator.
Smart investors always review a few different brokers before making a final decision, See the best brokers list.
CMTrading is the largest CFD broker in South Africa, offering a variety of trading apps, see here. CMTrading is licensed & regulated by the FSCA in South Africa & the FSA in Seychelles. Their social trading app is popular among their clients.
Signup here for a Free Demo Account.
What was your experience investing with the brokers at Vault Markets? Please share your thoughts in the comment section below.