What Vault Markets is
Vault Markets is an online forex broker that claims itself an award-winning broker. Its website looks very uninformative. Based on its website, it is hard to find a specific column about the introduction of this company. There is also no information about who owns and runs this company Although we know Vault Markets was established in 2021, we can not find the date when Vault Markets was established on its website. According to WikiFX, this broker has been given by WikiFX a very low rating of 1.14/10. It currently does not have a legitimate license, which means Vault Markets isnt regulated by any regulatory institution. Be aware of the risk as they may take your money away fraudulently.
Suspicious scam behavior
Vault Markets has a bad track record of taking traders‘ money away. WikiFX has received a complaint of a trader who comes from South Africa. Based on the complaint, the trader can not make withdrawals from his/her account. After his/her deposit, the trader found that the losses were higher than the profits, The trading chart showed a profit but the trader’s balance remained negative. This trader contacted Vault Market, but 2 weeks passed, there was still no response from the broker. Since Vault Markets is unregulated, it is difficult to hold it accountable for the loss of money.
How the risk looks like
Tempting enough as its offer seems to look, Vault Markets tries its best to persuade clients to invest with them. On its website, Vault Markets claims “ the more you refer, the more you received.” This means the traders have the opportunity to earn extra income not only when they trade but also when they refer a friend or fellow trader. Vault Markets offer trades with up to 10% of the deposits back into traders accounts. For example, if you refer a client who deposits R 10,000 you will earn up to 10% of their first-time deposit over and above when they trade. Accordingly, Vault Markets are likely to give you some baits to make you believe that there are a lot of potential returns as long as you invest in them. Once you deposit, your money probably go shores where it disappears, so you will have almost no charge back option left. Once the trap becomes so obvious, they will stop responding to you and your funds are no longer under your control.
Conclusion
Overall, Vault Markets is not a good option for you to invest in as it is an unregulated broker that has a bad track record of endangering traders money. We recommend you do more research and find a better alternative before you make a decision.
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