WikiFX Broker's Review on Vault Markets

What exactly is WikiFX？

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.

Wikifx has created a big data solution that unifies data gathering, data screening, data aggregation, data modeling, and data productization using public data from government agencies, sophisticated sniffer systems, and scientific computer algorithms. Wikifx may then assess the supervision and risk levels of the associated organizations across several dimensions and give matching security solutions to individual users, corporate users, and government agencies.

WikiFX, on the other hand, lists over 37,000 brokers, both regulated and unregulated. WikiFX has also collaborated with 30 financial authorities. WikiFX's purpose is to give reliable broker information to its users in the trading sector and those seeking the best broker to invest in. There are several features on the WikiFX app that you might utilize in a variety of situations. Aside from the search engine, which is your best buddy when it comes to finding the best broker. The WikiFX app also has a section where you, the trader, may reveal the unlawful acts of your broker.

In this essay, we will review the broker called Vault Markets.

What exactly is Vault Markets？

Vault Markets is an internet brokerage established in Namibia that caters to African traders. On the MT4 interface, clients may access a wide range of products, from stocks and FX to precious metals and cryptocurrencies. Our examination includes minimum deposit criteria, the registration procedure, account types, customer service operation hours, how to withdraw money, and other topics. Determine if you should join up with Vault Markets and begin trading.

Vault Markets was founded in July 2021 by 1st Fintech Capital (Pty) Ltd. The Financial Sector Conduct Authority (FSCA) in South Africa regulates and authorizes the broker to offer financial services. Having said that, it is worth mentioning that 1st Fintech Capital acts as a go-between for customers and Karibu FX Financial Consultant Services Pty Ltd. This corporation works out of the Republic of Namibia, where it has many offices, and it lacks a respected financial license.

The founder and management team are comprised of experienced international forex traders. The online brokerage, which is primarily targeted at African individual investors, is accessible in four countries and has over 10,000 registered members.

Vault Markets' goal is to create a completely configurable trading environment, complete with several accounts, training courses, and easily accessible investment tools.

The brand has been nominated for various accolades, including Most Secure Broker (Africa) and Most Innovative Broker (Africa) at the Investor Awards 2022, as well as Best New Forex Broker (Africa) and Best MT4 Online Trading Solutions Provider from World Business Outlook in 2021. (Africa).

Regulation and Licensing of Vault Markets

Vault Markets is a South African company called 1st Fintech Capital (Pty) Ltd. The owning firm is a registered and regulated financial services provider in South Africa, licensed and controlled by the Financial Sector Conduct Authority (FSCA), FSP number 51478.

Derivatives, on the other hand, are issued by Karibu FX Financial Consultant Services Pty Ltd, a corporation formed in the Republic of Namibia under company number 2019/0459. Essentially, the broker trades overseas with little or no consumer protection or regulatory monitoring.

What did WikiFX discover regarding Vault Markets regulation？

As previously indicated, Vault Markets asserted that they are subject to FSCA regulation and have been for some time. However, no records were discovered while examining Vault Markets on the FSCA official website (as shown below). Even though they are owned by FINTECH and FINTECH is FSCA regulated (as indicated below), the broker is not regulated since they use the name Vault Markets. Because Vault Markets lacks any operating permits, it is possible that this broker is one of the fraudsters circulating in the Forex Markets.

Vault Markets on FSCA

FINTECH on FSCA

Assets & Markets Vault Markets

For retail customers, the broker provides a variety of trading products, including:

• Commodities - Place bets on precious metals and oil.

• Indices - Trade on 10+ global stock indexes, including the NAS100 and US30

• Forex Pairings - Trade 200+ major and minor currency pairs, including GBP/EUR and USD/GBP

• Stocks - Go long or short on major brands in financial services, manufacturing, technology, and other industries.

• Cryptocurrencies - Bet on five well-known digital currency currencies, including Bitcoin and Ethereum.

Spreads and fees for Vault Markets

Costs vary according to account type, with spreads beginning at 1 pip on most instruments. The Zero Spread Account offers pips starting at 0.0 and a low commission. Rollover costs apply if you hold positions overnight, and accounts left idle for a year incur a $10 monthly penalty. Trading expenses are generally in line with the industry.

Leverage in Vault Markets

Leverage changes according to account type as well. However, as an international organization, the broker may provide enormous margin trading possibilities with fewer regulatory constraints. The Leverage Account has the highest margin, giving up to 1:1000. This implies that a $10 investment will provide traders $10,000 in buying power.

High-leverage trading may compound both losses and profits. With that in mind, be cautious when it comes to risk management.

Vault Markets on WikiFX

Vault Markets gets a poor ranking on the WikiFX App since it is not regulated and does not have any licenses. The validity of the broker has a significant influence on the score.

This is to warn anybody considering investing with Vault Markets to do extensive study first before investing since the early conclusions of validity are dubious.

To learn more, see the Vault Markets dealer page on WikiFX.

WikiFX feature that may assist traders if they experience an issue with unregulated brokers.

WikiFX can help traders in resolving any issues that may arise while dealing with unregulated brokers. Of course, the WikiFX Right Protection Team has been settling numerous complaints with the assistance of regulators with whom they have been working. Simply contact WikiFX customer service for assistance with your issues.

WikiFX, on the other hand, may reveal a broker's unlawful conduct in order to make other traders aware of their business goals. Exposure may assist traders in stopping the broker's activities and returning their invested funds to their accounts.

You may see the cases that have been settled by the WikiFX Right Protection Team. (https://www.wikifx.com/en/exposure/slist/1.html)

Sample compaint from Vault Markets Trader

Visit the WikiFX Exposure Page to discover what frequent difficulties WikiFX has encountered. (https://www.wikifx.com/en/exposure/revelation/1.html)

Few complaints from Vault Markets Trades

The data in the WikiFX database is sourced from legitimate regulatory bodies like the FCA, ASIC, and others. Fairness, impartiality, and facts are also emphasized in the released information. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up to date.

Because of the complexities of the forex sector, some brokers are granted legal licenses by fraudulent regulating agencies. If you believe that the data provided by WikiFX is incorrect, please contact us by clicking 'Complaints' and 'Correction'. We will check right away and report back.

Access the latest news about Vault Markets by downloading the WikiFX app on App Store and Google Play Store.