Vault Markets vs Scope Markets

Vault Markets vs Scope Markets Comparison Table 2024
Vault Markets Scope Markets
2.5
4.2

Vault Markets is an award-winning brokerage headquartered in Namibia. It is an accessible direct-market-access CFD broker with affordable minimum deposits, flexible funding methods and high leverage. This broker offers a very large range of forex pairs as well as commodities and indices through MetaTrader 4 or MetaTrader 5.

Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.

Bonus Offer
200% Account Opening Bonus 50% Deposit Bonus Up to $50,000. *Bonus promotions do not apply to all entities. Depending on the jurisdiction chosen to open an account with, different regulations apply.
Comment by Reviewer
"Vault Markets is geared toward African traders who want to access forex markets with highly leveraged trades and low minimum deposits. The list of 200+ currency pairs outperforms most rivals. On the negative side, some poor user reviews raise security concerns." "Scope Markets continues to appeal to experienced short-term traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. Investors can also access additional trading tools, including premium signals and PAMM/MAM accounts. "
Pros
  • Leverage up to 1:1000 is higher than most competitors
  • Ultra-low latency trading will appeal to serious day traders
  • Responsive customer service upon testing
  • DMA broker with tight raw spreads available
  • A specialist broker for African traders
  • Very wide range of forex pairs
  • MT4 and MT5 trading platforms
  • Easy to create a live account
  • There's a decent range of research and analysis resources including a market blog, forex calculators and an economic calendar
  • Day traders can access both the MT4 and MT5 platforms, with support for Expert Advisors (EAs) and auto trading strategies
  • The Scope Trader proprietary platform offers high quality technical features, including 50+ charting tools
  • The broker offers multilingual, 24/5 customer support via telephone, email and live chat
Cons
  • No top-tier regulatory oversight raises safety issues
  • No demo account makes it difficult for traders to test broker's services
  • Poor range of educational content and extras
  • Trader reviews flag some scam concerns
  • Spreads are wider than some alternatives, starting from 0.9 pips for major pairs - the best brokers offer spreads from 0.0 pips
  • Scope Markets is not overseen by any of the top-tier regulators in the US, Europe or Australia
  • Educational resources are very limited which will reduce the appeal for beginners
Awards
  • Best Customer Service Africa 2022
  • Fastest Growing Broker Nambia 2022
  • Most Secure Broker South Africa 2022
  • Most Innovative Broker South Africa 2022
  • Fastest Withdrawals Africa 2021
  • Best New Forex Broker Africa 2021
  • Best MT4 Online Trading Solutions Provider Africa 2021
Instruments
Forex, Stocks, Indices, Commodities, Cryptocurrencies Forex, CFDs, Stocks, Commodities, Indices, Futures
Demo Account
No Yes
Minimum Deposit
$5
Trading Platforms
  • MT4
  • MT5
  • Scope Trader
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FSCA CMA, FSC, FSCA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • ZAR
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, commodities, indices and crypto assets. With spreads from 0 pips and generous incentives and bonus offers setting Vault Markets apart from competitors, this Namibian broker will appeal to aspiring traders. You can trade hundreds of CFDs on major asset classes including currencies, shares and futures. Spreads are not overly competitive starting at 0.9 pips, although the $50 minimum deposit and zero commissions will allow active traders to keep their costs down.
Leverage
1:1000 1:2000
FTSE Spread
From 1 pip 0.4
GBPUSD Spread
From 1 pip 1.0
Oil Spread
From 1 pip 0.2
Stocks Spread
From 1 pip Variable
Forex Trading
Trade 200 CFD forex pairs with DMA pricing and tight spreads, ultra low latency and high leverage up to 1:1000. The range of forex pairs available and pricing model are among the most attractive in the African market. Scope Markets offers 40+ major, minor and exotic currency pairs. Although the range is average, experienced traders can access very high leverage up to 1:2000. Additionally, the broker’s proprietary terminal delivers advanced analysis tools, including a live forex heatmap.
GBPUSD Spread
From 1 pip 1.0
EURUSD Spread
From 1 pip 1.0
EURGBP Spread
From 1 pip 1.0
Assets
200 44
Cryptocurrency
Trade five crypto pairs via leveraged CFDs. This is too small a range to satisfy dedicated crypto traders, but the digital tokens do have the advantages of ultra-fast execution and pure direct market access. Traders can go long or short on popular cryptos like Bitcoin, Ethereum and Ripple paired with USD. Trading is available on the MT5 platform, which offers an excellent environment for short-term crypto strategies, with 21 chart timeframes and dozens of indicators.
Spread
From 1 pip Variable
Coins
  • BTC
  • ETH
  • LTC
  • ADA
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • ZEC
  • BCH
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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