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Vault Markets

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Vault Markets Review: Warning Signs and Unclear Regulations

Operating status: SCAM

Website: https://vaultmarkets.trade/

Broker violations and abnormal records
  • 2022-07-26 BrokersView has Reviewed that Vault Markets is an Unregulated Forex Broker

    Vault Markets is not a reliable broker for traders even though it states offers that look good to be true. Vault Markets claims it is a product of 1st Fintech Capital (Pty) Ltd, a company licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP No. 51478. We do find a match result to 1st Fintech Capital (Pty) Ltd in FSCA. But as per details of the regulated firm(Physical Address, telephone number) published on FSCA do not match Vault Markets. Vault Markets may be a clone firm that falsely uses regulatory info of an FSCA-regulated firm.

    Vault Markets is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    Vault Markets is not a reliable broker for traders even though it states offers that look good to be true. Vault Markets claims it is a product of 1st Fintech Capital (Pty) Ltd, a company licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP No. 51478. We do find a match result to 1st Fintech Capital (Pty) Ltd in FSCA. But as per details of the regulated firm(Physical Address, telephone number) published on FSCA do not match Vault Markets. Vault Markets may be a clone firm that falsely uses regulatory info of an FSCA-regulated firm.Vault Markets is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

2 comments

Shyam Pitamber
Frustrating Experience with Vault Markets During NFP TradingToday, while trading the Non-Farm Payrolls (NFP) release on Vault Markets, I encountered severe technical issues that resulted in significant losses. Their server froze, causing my trades to fail to execute properly. Open trades that were in profit could not be closed manually and were eventually closed at a loss. Additionally, trades that reached their take-profit (TP) levels did not close at the intended price but were instead closed automatically at a loss.When I attempted to resolve the issue, I faced further frustration. I contacted their support team via WhatsApp, only to be directed to email the helpdesk. I tried calling their provided number (+27 10 449 6045), but the call never went through. The live chat representative was unresponsive as well. After emailing the helpdesk, they requested a screen recording of the incident—something I obviously do not have, as no trader records their screen continuously while trading. The moment has passed, and the damage is already done. I have explained this to them and am currently awaiting their response.This experience has been highly disappointing and has caused unnecessary financial and emotional stress. I hope Vault Markets takes responsibility for their platform’s technical failures and provides a fair resolution.
2025-02-07
Reply
xteminator
FUCKING MANIPULATORS
2023-05-04
1
Reply
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