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List of Brokers with VFSC Regulation

HOME / REGULATION / VFSC

The Vanuatu Financial Services Commission (VFSC) is the main regulatory body in Vanuatu responsible for the regulation and oversight of financial businesses there. Founded in 1993, the VFSC registration fee is relatively cheap thus allowing forex brokers to offer low trading costs.


Established : 1993
Country : Vanuatu
Website : https://www.vfsc.vu
Total Brokers : 42

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Score Broker Regulation Payment Min Deposit Max Leverage
705
Vantage Markets
Vantage Markets
VFSC
Bank Wire
$200
1 : 500
717
FXGT
FXGT
VFSC
Wire transfer
$10
1 : 500
733
TMGM
TMGM
VFSC
Skrill
$100
1 : 500
729
Fusion Markets
Fusion Markets
VFSC
PayPal
$1
1 : 500
307
CFI Group
CFI Group
VFSC
Credit/Debit Cards
$0
1 : 500
707
MultiBank
MultiBank
VFSC
Credit/debit cards
$50
1 : 500
116
FXPRIMUS
FXPRIMUS
VFSC
Skrill
$15
1 : 1000
727
AdroFx
AdroFx
VFSC
Skrill
$25
1 : 500
501
Royal
Royal
VFSC
Skrill
$50
1 : 30
510
AccentForex
AccentForex
VFSC
Skrill
$10
1 : 500
529
XGLOBAL Markets
XGLOBAL Markets
VFSC
Skrill
$100
1 : 30
692
UFX
UFX
VFSC
WebMoney
$100
1 : 200
643
LegacyFx
LegacyFx
VFSC
Skrill
$500
1 : 200
763
JFD Brokers
JFD Brokers
VFSC
Skrill
$500
1 : 400
592
Global Market Index
Global Market Index
VFSC
Skrill
$25
1 : 1000
587
Tifia
Tifia
VFSC
Crypto
$10
1 : 1000
651
CMS Prime
CMS Prime
VFSC
Skrill
$500
1 : 500
637
ACY Securities
ACY Securities
VFSC
Wire transfer
$50
1 : 500
787
FPG
FPG
VFSC
Credit/debit cards
$50
1 : 500
569
Milton Markets
Milton Markets
VFSC
Credit/debit cards
$100
1 : 1000
585
Global Prime
Global Prime
VFSC
PayPal
$200
1 : 200
586
TriumphFX
TriumphFX
VFSC
Wire transfer
$100
1 : 500
163
FXPIG
FXPIG
VFSC
Skrill
$200
1 : 500
90
Juno Markets
Juno Markets
VFSC
Skrill
$100
1 : 500
454
NordFX
NordFX
VFSC
WebMoney
$10
1 : 1000
734
AETOS
AETOS
VFSC
Skrill
$250
1 : 200
641
Olymp Trade
Olymp Trade
VFSC
WebMoney
$2
1 : 500
557
Titan FX
Titan FX
VFSC
Skrill
$200
1 : 500
573
TegasFX
TegasFX
VFSC
Wire transfer
$200
1 : 200
730
TOP1Markets
TOP1Markets
VFSC
PayPal
$100
1 : 100
728
BMFN
BMFN
VFSC
Skrill
$50
1 : 400
749
Number One Capital Markets
Number One Capital Markets
VFSC
WebMoney
$5
1 : 1000
572
CIBFX
CIBFX
VFSC
WebMoney
$500
1 : 200
590
World Forex
World Forex
VFSC
WebMoney
$1
1 : 500
653
Scandinavian Capital Markets
Scandinavian Capital Markets
VFSC
Skrill
$10000
1 : 100
724
Moneta Markets
Moneta Markets
VFSC
Credit/debit cards
$50
1 : 500
477
Deriv
Deriv
VFSC
WebMoney
$5
1 : 1000
563
Gerchik & Co
Gerchik & Co
VFSC
Skrill
$100
1 : 100
552
FXGlobe
FXGlobe
VFSC
SEPA
€250
1 : 0
710
FinmaxFX
FinmaxFX
VFSC
Credit/debit cards
$250
1 : 200
679
SmartFX
SmartFX
VFSC
Skrill
$200
1 : 400
747
Evest
Evest
VFSC
Skrill
$250
1 : 400

If you are interested to try the brokers in the list above, make sure to use the forex demo account so you could experience trading firsthand with virtual money. You don't even have to deposit any funds since the demo account is 100% free. It is also available in most brokers.

 

Vanuatu Financial Services Commission (VFSC), previously known as Registrar of Companies and the Official Receivership Department of the Treasury, was established in December 1993 after Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Their job is to operate an effective and efficient Registry, and regulate and supervise the financial services industry of Vanuatu. They also have the responsibility to promote the industry outside of the country, as well as protect its reputation from undesirable business persons.

 

Since the license given by VFSC allows brokers to run their business in a flexible manner, trading in a VSFC-regulated broker means no limit on leverage. Traders could choose to trade with 1:1000 leverage or more. There are also no restrictions on bonuses or rebates.

VFSC brokers are also known for affordable trading fees. Traders could enjoy small deposits, low spreads and commissions, as well as 0% fees on deposits and withdrawals.

On the downside, the regulator does not require negative balance protection or operate an investor compensation scheme. VFSC does not require its brokers to report their financial activities and company performances, so there is no strict supervision from the regulator to ensure the compliance of its members.

 

  1. Go to the official website of VFSC.
  2. On the Registry Services, choose Companies then click on Register Search.
    Checking VFSC Broker 1

  3. Type the broker's name in the available field, then click Search.
    Checking VFSC Broker 2

  4. If the broker is registered in VFSC, the result should appear like this. You can click on the broker's name to see more detail.
    Checking VFSC Broker 3

  5. The following is an example of how a broker's information is displayed in more detail.
    Checking VFSC Broker 4

Since the VFSC brokerage license is relatively easy to obtain and the regulator doesn't do much in applying restrictions for clients' protection, the trading safety of VFSC forex brokers is not as strong as other brokers regulated by top financial authorities. To minimize the risk, traders could look for these aspects in a VFSC-regulated broker:

  1. Additional licenses from other financial regulators, preferably from more credible institutions such as MFSA, CySEC, ASIC, or even FCA.
  2. Established in no less than 5 years.
  3. Good reputation among traders with minimum negative testimonials.

 

Despite its reputation for providing lenient regulations, VFSC is still one of the most favored offshore regulations among forex brokers. Setting up a business is a quite difficult task to perform, so anything that might ease that task will surely draw the attention of business owners.

Here is a list of what Vanuatu might offer in that regard:

  • Cost-effective
    VFSC allows brokers to set up their business with a minimum capital of $2,000. To put that into perspective, the FCA (UK) requires two types of capital to be paid depending on the granted permission: €125,000 and €750,000. So, quite a huge difference there.

  • Quick and Simple Set-up
    VFSC can issue a business license in just about 3 months. In comparison, the Cyprus Securities and Exchange Commission (CySEC) takes about a year to give a brokerage license. To apply for a brokerage license by VFSC, brokers only need to provide a business and financial plan, supervisory and AML/CTF Manuals, as well as a confirmation of their geographic and marketing targets. Also, the people involved in the business are required to submit these:
    • Resume or CV regarding experience in forex brokerage activities.
    • Notarized copies of passport.
    • Proof of residential address.
    • Original bank reference.
    • A clean criminal record.
    • Non-bankruptcy certificate.

  • High Flexibility
    The regulatory standards and reputation of the VFSC might not be as stringent as those of more established financial regulatory bodies in other countries. As such, brokers are free to offer high leverage, utilize bonus promotions as a marketing scheme, and provide act as a money management service.

  • No Physical Presence Required
    Some other regulatory bodies require brokerage companies to set up a physical presence in their country. Even an offshore regulatory body like IFSC Belize requires its brokers to do so. On the other hand, VFSC only needs the incorporation and administration of a Vanuatu international company.

Additional FAQ

Along with the Reserve Bank of Vanuatu, VFSC is responsible to enact legislation and supervisory activities on the following subjects:

  • Anti-Money Laundering and Counter-Terrorism Financing
  • Business Names Act
  • Company and Trust Services Providers
  • Charitable Associations (Incorporation)
  • Credit Unions
  • Dealers In Securities (Licensing)
  • Electronic Transactions
  • E-Business
  • Financial Institutions
  • International Banking
  • International Companies
  • Mutual Funds
  • Offshore Limited Partnerships
  • and many others.

Continue Reading at What Does VFSC Regulation Mean for Forex Brokers?

Registering a license in VFSC is a truly simple process, implemented with low requirements for setup, where investor only needs to submit a register online, prove an initial capital fund of mere $2,000, pay some fees, and within a 2-3 month, the firm is licensed and registered as a legal forex brokerage.

The VFSC regulator does not demand any proof of company backgrounds, nor check the implementation of secure fund management or basic operation guidelines. They do not demand any regular reporting and never impose fines in case of fraud.

Continue Reading at 3 FSC Forex Regulations That You Should Know

Online trading in Nigeria is currently unregulated, while offline forex trading is well-regulated. This regulatory contrast is due to the differences like these two markets.

Continue Reading at Is It Safe to Trade Forex in Nigeria?

Some of the top regulatory agencies in the world include:

  • The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
  • The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
  • The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
  • The Australian Securities and Investments Commission (ASIC) in Australia
  • The Financial Services Agency of Japan (JFSA) in Japan
  • The Cyprus Securities and Exchange Commission (CySEC) in Cyprus

If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.

Only the most reputable and trustworthy brokers can obtain a license.

Continue Reading at How to Avoid Forex Broker Scams


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