Vici Markets

Vici Markets is the trading name of OM BRIDGE (PTY) Limited, a company registered in South Africa on 8 November 2021. The broker operates through the official domain vicimarkets.com and is headquartered at Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside Ext 39, Sandton, Gauteng, 2146, South Africa.

According to our records, Vici Markets holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) of South Africa, with licence number 48296. The FSCA is the primary financial regulator in South Africa, overseeing market conduct and the provision of financial services. The licence is listed as active in our records, though the status field is not explicitly marked.

The broker is regulated by the FSCA, which is a well-established regulatory body in South Africa. The FSCA licence number 48296 is recorded in our files, and the licence type is a Derivatives Trading License (EP), which permits the broker to offer derivative products, including forex and CFDs, to retail and professional clients.

It is important to note that while the FSCA provides a regulatory framework, the level of investor protection may differ from that offered by regulators in other jurisdictions, such as the FCA in the UK or ASIC in Australia. Traders should be aware of the specific protections available under South African law.

Vici Markets offers a tiered account structure designed to cater to different levels of traders, from beginners to high-net-worth individuals. The account types are named Basic, Bronze, Silver, Gold, and Platinum, each with increasing minimum deposit requirements.

The Basic account requires a minimum deposit of $1,000, while the Bronze account requires $5,000. The Silver account starts at $25,000, the Gold account at $250,000, and the Platinum account at $500,000. All account types offer a maximum leverage of 1:500, which is considered high and can amplify both gains and losses.

The broker does not disclose specific minimum spreads or commission structures in our records, and we were unable to verify these details from independent sources. The lack of transparency on these key trading costs is a point of caution for potential traders.

Leverage of up to 1:500 is offered across all account tiers, which is on the higher end of what is typically available in the industry. While high leverage can be attractive, it also carries significant risk, and traders should ensure they fully understand the implications before trading.

OM BRIDGE (PTY) Limited was incorporated on 8 November 2021, making it a relatively new entrant in the forex brokerage space. The company is registered in South Africa, and its registered address is in Sandton, a major financial hub in the country.

Our records indicate that the company has 0 employees on file, which is unusual for a brokerage and may suggest that the operational team is outsourced or that the information is not fully updated. This is a factor that traders may wish to consider when evaluating the broker's operational capacity.

Independent public information about Vici Markets is limited, and we found no significant web results that clearly match this broker. This lack of online presence and third-party reviews makes it difficult to assess the broker's reputation and track record.

Our FXCanary Scam Risk Score for Vici Markets is 42 out of 100, which falls in the 'Guarded' category. This score is influenced by a risk flag indicating that withdrawal complaints appear in approximately 50% of recent reviews, although we note that the number of reviews is limited. Traders should exercise caution and conduct thorough due diligence before committing funds.