- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Vault Markets review 2026: is Vault Markets legit in Kenya and South Africa?
Vault Markets is a Johannesburg broker run by Egoli Forex (FSCA licence 49015). It offers ZAR accounts from $5, MT4 and large deposit bonuses. Its application to be an OTC derivative provider still shows “Applied” on the FSCA list, and user reviews mention slow withdrawals. Treat the bonuses with care.
- Founded2021
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 49015
- Minimum deposit$5
- M-PesaNot confirmed
Is Vault Markets regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Egoli Forex (Pty) Ltd
- Licence number
- FSP 49015
Vault Markets Pty Ltd shows "Applied" (not yet approved) on the FSCA list of OTC derivative providers, checked 29 Oct 2026.
Source: tradefx.co.za, not yet checked on the register
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Vault Markets
Vault Markets is run by Egoli Forex (Pty) Ltd, which TradeFX lists with FSCA licence 49015. On the FSCA list of OTC derivative providers, Vault Markets Pty Ltd shows “Applied” (checked 29 Oct 2026). Traders Union lists offices in South Africa, Tanzania and Namibia.
Who Vault Markets suits, and who should look elsewhere
Good fit if you
- are in South Africa and want a small start in rand
Look elsewhere if you
- are in Kenya and want CMA protection
- want MT5 or a demo account
Vault Markets account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Vault No Bonus | $5 | From 1 pip |
| Vault Zero | $100 | From 0 pips plus commission |
| Bonus accounts (50%–200%) | $5 | From 1 pip; bonus terms apply |
Leverage: Up to 1:500 (1:1000 on some accounts, per Traders Union).
Vault Markets fees: spreads, commission and other charges
| Small withdrawals | A fee applies, per TradeFX |
| Inactivity fee | None listed |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Vault Markets deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Vault Markets is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- M-Pesa is listed among payment methods by Traders Union.
🇿🇦 South Africa
- Egoli Forex (Pty) Ltd, FSCA licence 49015.
- ODP status: Applied.
- ZAR accounts and instant EFT.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Vault Markets trading platforms
- MetaTrader 4
- Vault Markets app
Is your money safe with Vault Markets?
- Not yet an approved ODP.
- Few user reviews, mentioning slow withdrawals, per Traders Union.
- No negative balance protection, per TradeFX.
Vault Markets pros and cons
Pros
- $5 start
- ZAR account
- Local company
Cons
- ODP not yet approved
- Bonus-led offer
- Withdrawal complaints
- MT4 only
Our real-money test of Vault Markets
Coming
We will open a Vault Markets account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Vault Markets withdrawal time: reports from traders
How long do Vault Markets withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Vault Markets? Get a ready complaint letter and the right regulator contact with our complaint desk →
Vault Markets: questions people ask
Is Vault Markets regulated in Kenya?
No. Vault Markets is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Vault Markets regulated by the FSCA in South Africa?
Yes. In South Africa, Vault Markets operates through Egoli Forex (Pty) Ltd, which holds FSCA licence FSP 49015. Check that this company is named on your client agreement, not an offshore company of the same brand. Vault Markets Pty Ltd shows "Applied" (not yet approved) on the FSCA list of OTC derivative providers, checked 29 Oct 2026.
Is Vault Markets regulated?
Egoli Forex (Pty) Ltd holds FSCA licence 49015, per TradeFX. Its ODP application shows “Applied” on the FSCA list.
Sources for this review (checked 29 Oct 2026)
- FSCA: OTC derivative providers search
- TradeFX: Vault Markets review
- Traders Union: Vault Markets review (Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.