Note: Vault Markets official site - https://www.vault-markets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is Vault Markets？

Vault Markets is an unregulated multi-asset broker founded in 2021 and registered in South Africa that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 1 pip on the MT4 trading platform via 6 different live account types.

Pros & Cons

Vault Markets' advantages include its competitive spreads, low minimum deposit requirement, multiple account types, and user-friendly trading platform. However, its disadvantages include the lack of regulatory licenses and unavailable website.

Vault Markets Alternative Brokers

There are many alternative brokers to Vault Markets in the market that offer similar services, such as IC Markets, Pepperstone, XM, and Tickmill.

• IC Markets: IC Markets is a well-established broker with a strong reputation, offering a wide range of trading instruments, competitive pricing, and advanced trading platforms.

• XM: XM is a reputable broker with a wide range of trading instruments, low minimum deposit, competitive pricing, and a user-friendly platform.

• Tickmill: Tickmill is a reliable broker offering competitive pricing, a wide range of trading instruments, and a user-friendly platform, with a focus on transparency and security.

It is important to conduct thorough research on any broker you are considering to ensure that they are reputable and suitable for your trading needs. Factors to consider may include regulations, fees, trading platforms, customer service, and trading instruments offered.

Is Vault Markets Safe or Scam？

Vault Markets does not seem to be a regulated broker by any major financial authority. The lack of regulation raises concerns about the safety of client funds and the overall legitimacy of the company. It is important for traders to do their own research and due diligence before deciding to trade with an unregulated broker.

Market Instruments

Vault Markets offers a range of tradable financial instruments that include Forex, Shares, Indices, and Cryptocurrencies. Forex traders can enjoy competitive spreads and leverage, while share traders can access a wide range of global markets. Additionally, the platform offers various indices, such as NASDAQ and S&P500, for those looking to trade a diversified portfolio. Lastly, Vault Markets has recently expanded its trading offerings to include cryptocurrencies like Bitcoin, Litecoin, and Ethereum, providing traders with a new asset class to diversify their portfolios.

Accounts

Vault Markets offers 6 trading accounts in total, namely Vault100, Vault200, Swap Free, Vault Zero, Vault No Bonus, and Vault Cent. The minimum opening balance for Vault100, Vault200, Vault No Bonus, and Vault Cent accounts is as low as $5, while $100 for Swap Free and Vault Zero accounts. Although this requirement sounds encouraging, traders are not advised to register real trading accounts here given the fact that Vault Markets is unregulated.

Leverage

The maximum trading leverage offered by Vault Markets is as high as 1:500. Leverage can amplify gains as well as losses, traders are not advised to use too high leverage.

Spreads & Commissions

The spreads on major currency pairs start from 1 pip, which could be considered a competitive pricing model compared to other brokers in the market. Unfortunately, there is no available information about Vault Markets' commission fees. Traders may need to contact the broker's customer support team for further details on pricing and fees.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

The only platform provided for trading is the popular MetaTrader4 (MT4) trading platform developed by the Russian software company MetaQuotes. Vault Markets provides the MT4 platform as a downloadable windows desktop application and also as Mobile APPs. MAC OSX users are advised to contact the support team for assistance on how to install MT4 on their systems. Other brokers provide MT4 for MAC.

See the trading platform comparison table below:

Note: Some brokers may offer additional platforms or have different versions of the above platforms with varying features.

Deposits & Withdrawals

Payment Options:

• Bank Card (minimum deposit of $3),

• Bitcoin (minimum deposit of $10),

• Internet Banking (minimum deposit of $10),

• Internal Transfer (minimum deposit of $1),

• Neteller (minimum deposit of $10),

• Perfect Money (minimum deposit of $50),

• Skrill (minimum deposit of $10).

Vault Markets minimum deposit vs other brokers

Customer Service

Vault Markets offers multiple contact channels, including phone (27(0) 10 449 6045), email (info@vaultmarkets.trade), Skype, WhatsApp and social networks like Twitter, Instagram and YouTube.

Company Address:

• 2nd floor, Nelson Mandela Square, Maude Street, Sandton;

• 9th Floor, SKYCITY MALL, University Road Dar es Salaam, Dar es Salam, Tanzania;

• Unit 3b, South Port, Hosea Kutako Drive, Windhoek, Namibia.

Overall,Vault Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Vault Markets' customer service.

Conclusion

Overall, Vault Markets seems to be a relatively new forex broker that offers competitive trading conditions such as tight spreads, high leverage, and a variety of trading instruments. It also provides multiple contact channels for customer support. However, it is important to note that Vault Markets does not appear to be regulated, which may raise concerns for some traders about the safety and security of their funds.

Frequently Asked Questions (FAQs)

Overview of Libertex

Registered in Saint Vincent and the Grenadines, Libertex is a forex broker that was founded in 1997 and is a popular broker that offers a wide range of trading assets, including forex, commodities, indices, and cryptocurrencies. The minimum deposit required to open an account with Libertex is $100, and the maximum trading leverage offered is up to 1:500.

Libertex operates on a fixed spread model, meaning that there are no commissions charged on trades. Spreads are competitive, and the broker offers a range of account types to cater to different trader needs.

Libertex prides itself on its commitment to customer satisfaction and support, offering excellent customer service through multiple channels, including email, live chat, and social media. The broker also provides a wide range of educational resources to help traders improve their skills and knowledge, including webinars and a comprehensive knowledge center. Over the past 23 years, this broker has grown to the extent it can boast of having over 2. 2 million clients from 110 countries and more than 700 employees.

Here is the home page of this brokers official site:

Is Libertex legit or a scam？

Libertex is a trademark of Libertex International Company LLC. Libertex.org is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).

Another Cyprus-based entity, Indication Investments Ltd, regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 164/12.

Pros and Cons

Libertex offers commission-free trading, a user-friendly platform, and a low minimum deposit requirement. Additionally, the broker provides a range of educational resources and trading tools to support its clients. However, Libertex is not regulated by any major financial authority, and it has limited trading instruments compared to other brokers. The customer support options are also limited, with no live chat or phone support available.

Market Intruments

Libertex offers a wide range of market instruments to its clients, including stocks, cryptocurrencies, crypto mining, forex, metals, indices, agriculture, oil and gas, and ETFs. With such a diverse range of instruments, traders have the opportunity to build a well-rounded and diversified portfolio.

Stocks, for instance, allow traders to invest in a variety of companies across different sectors and industries, while cryptocurrencies and crypto mining offer a new and exciting market for those interested in emerging technologies. Forex trading, on the other hand, offers the chance to trade on the fluctuations of global currencies, and metals, such as gold and silver, can provide a hedge against inflation and market volatility. Additionally, indices allow traders to invest in a group of stocks representing a particular sector or country, while agriculture and oil and gas provide exposure to commodities that are essential to global markets. Finally, ETFs provide a convenient and cost-effective way to invest in a basket of securities.

Account Types

It appears that this broker offers two types of unique trading accounts, Libertex Portfolios and Libertex CFD.

The Libertex Portfolio account is a new kind of account that caters to the needs of both novice and seasoned investors. This account is designed to provide traders with the opportunity to invest in a range of stocks, and this feature has made the Libertex Portfolio a popular choice among investors who seek to diversify their portfolio.

The Libertex CFD account is a comprehensive trading account that is designed to meet the diverse trading needs of investors. With this account, you have access to an array of trading instruments, including cryptocurrencies, forex instruments, gold, oil, and stock indices, among others. The account comes with a flexible leverage system that allows you to use a multiplier of 1 to 999.

Demo Account

Libertex offers a demo account for traders who are new to the platform or want to practice their trading strategies without risking real money. The demo account is free and allows traders to trade with virtual funds in a simulated trading environment. The demo account provides access to all the trading instruments and tools available on the platform, enabling traders to familiarize themselves with the platform's features and functionalities. This allows traders to test their trading strategies in a risk-free environment and get a feel for the market before committing to a real trading account.

How to open an account？

To open an account with Libertex, you can follow these steps:

• First, visit their website and click on the “Sign Up” button.

• Then, enter your personal information, including your full name, email address, and phone number. Next, choose the account type that best suits your trading needs, whether it's the Libertex Portfolio, Libertex CFD, or a demo account.

• After selecting your account type, provide any additional information required to verify your identity, such as a government-issued ID or a utility bill.

• Once your account is verified, you can then deposit funds using one of the available payment methods, such as credit/debit cards or bank transfers. After making a deposit, you can start trading immediately using the Libertex trading platform, which offers a range of tools and features to help you make informed trading decisions.

Leverage

Libertex offers a maximum trading leverage of up to 1:500, which is a highly competitive offering compared to other forex brokers in the market. With this leverage, traders can amplify their potential profits by up to 500 times their initial investment, but they should also be aware of the increased risks involved. Additionally, the Libertex CFD account allows traders to use a range of leverage options from 1:1 to 1:999, which provides traders with even greater flexibility in managing their risk and potential profit. Traders should carefully consider their trading strategy and risk tolerance when choosing the appropriate leverage for their trades.

Spreads & Commissions (Trading Fees)

According to the information provided by Libertex, they claim to offer spreads starting from 0.0 pips on certain trading instruments. This means that for these specific instruments, the difference between the bid and ask price can be as low as 0.0 pips, indicating a tight spread.

Regarding commissions, Libertex states that they do not charge any commission fees. This suggests that their fee structure is based solely on the spreads offered. Instead of charging separate commissions per trade, Libertex incorporates the costs within the spreads they provide. This can provide traders with a transparent and all-inclusive pricing model.

It's important to note that while Libertex advertises spreads starting from 0.0 pips and no commissions, the actual spreads may vary depending on market conditions, volatility, and the specific trading instrument. Different trading account types and platforms offered by Libertex may also have varying spreads.

Non-Trading Fees

Libertex does not charge any non-trading fees, such as deposit or withdrawal fees, inactivity fees, or account maintenance fees. However, there may be fees charged by payment providers for deposit and withdrawal transactions, which vary depending on the payment method and the user's country of residence. It's important to check the fee schedules of the chosen payment method before initiating any transactions.

Trading Platform

Libertex offers three trading platforms for its clients: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Libertex platform.

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

The Libertex platform, on the other hand, is a user-friendly trading platform designed for traders of all levels. It provides a simple and intuitive interface with a range of trading instruments, including stocks, forex, commodities, and cryptocurrencies. The platform also offers a range of technical analysis tools, educational resources, and a news feed to keep traders up to date with the latest market developments.

Welcome Bonus

It appears that this broker offers a 100% welcome deposit bonus for new clients. To be eligible for the bonus, the minimum deposit amount is $100, and the maximum bonus amount is $10,000. This means that if a new client deposits $100, they will receive an additional $100 in bonus funds, making their total account balance $200. However, if a new client deposits $15,000, they will only receive the maximum bonus amount of $10,000, making their total account balance $25,000.

Deposit & Withdrawal

Deposit and withdrawal methods are an important consideration when choosing a forex broker. It's worth noting that for this particular broker, the only available payment methods are Visa and Mastercard. While these methods are widely accepted and convenient for many traders, it's important to keep in mind that some traders may prefer other payment options, such as bank transfers or e-wallets. It's always a good idea to check with the broker's customer support team to ensure that their available payment methods meet your needs before opening an account.

Customer Support

Libertex offers several customer support options, including phone support and email support. Additionally, they offer a live chat feature that allows clients to connect with a customer support representative in real-time to get assistance with their questions or concerns. This feature is available 24/5 and can be accessed directly from the Libertex website.

The live chat feature is a convenient way for clients to get quick answers to their questions or to receive assistance with any issues they may be experiencing. It can also be a helpful resource for new clients who may have questions about the platform or how to use its features.

Educational Resources

Libertex offers a variety of educational resources to help traders make informed decisions. Their blog covers a range of topics related to trading, including market analysis, strategies, and trading psychology. In addition to the blog, they also provide a news section that covers major economic events and their potential impact on the market. For traders who want to stay up-to-date on the latest economic events, Libertex offers an economic calendar that shows upcoming releases and their expected impact. Other educational resources include webinars and video tutorials that cover a range of topics from beginner to advanced trading concepts.

Conclusion

Libertex is a Seychelles-based online forex and CFD broker that offers a wide range of trading instruments, including stocks, cryptocurrencies, metals, and indices. The broker provides traders with multiple trading platforms, including MT4, MT5, and their proprietary Libertex platform, which is available for desktop and mobile devices. Additionally, Libertex offers a demo account for beginners to practice trading without risking real money.

However, it has a limited range of payment options and does not offer 24/7 customer support. Furthermore, the lack of educational resources may be a disadvantage for beginner traders who require additional guidance. Overall, Libertex may be a suitable broker for experienced traders seeking a diverse range of trading instruments and platforms, but may not be the best fit for beginners or those in need of comprehensive educational resources and round-the-clock support.

Frequently Asked Questions (FAQs)