VFSC Regulated Forex Brokers


Vanuatu Financial Services Commission (VFSC) is an offshore financial regulatory authority located in the Republic of Vanuatu. It was founded in 1993 and regulates banking and financial services in Vanuatu. VFSC is responsible for administering legislation like dealers in securities (licensing), anti-money laundering, counter-terrorism financing, business names act, electronic transactions, offshore limited partnerships, personal property securities, etc.

Vanuatu island a great location for forex brokers with limited amount of resources because capital (or bond) requirements are relatively small. The companies are exempted from capital gains, tax on profits, and stamp duty after incorporation for 20 years.

The process of obtaining a VFSC license is also comparatively fast. Here is the list of VFSC regulated forex brokers.

Broker Max Leverage Min Deposit
Vantage
Australia 2006

1:500 $200 Review
TMGM
Australia 2013

1:500 $100 Review
FXPRIMUS
Cyprus 2009

  • CySEC 261/14
  • FSCA (South Africa)
  • Vanuatu Financial Services Commission
1:500 $2500 Review
Juno Markets
Vanuatu 2014

1:500 $100 Review
NordFX
Cyprus 2008

  • Vanuatu Financial Services Commission
1:1000 $10 Review
TriumphFX
Australia 2009

  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:500 $100 Review
Tifia
Indonesia 2011
1:1000 $10 Review
Global Prime
Australia 2010
  • ASIC
  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:200 $200 Review
TegasFX
Singapore 2016
  • Vanuatu Financial Services Commission
1:200 $200 Review
CIBFX
Vanuatu 2005
  • Vanuatu Financial Services Commission
1:200 $500 Review
Milton Markets
New Zealand 2014
  • Vanuatu Financial Services Commission
1:1000 $100 Review
Gerchik & Co
Vanuatu 2015
1:100 $100 Review
XGLOBAL Markets
Cyprus 2012
  • BaFin 132843
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • Vanuatu Financial Services Commission
  • ESMA
1:30 $100 Review
AccentForex
Vanuatu 2010
  • Vanuatu Financial Services Commission
1:500 $10 Review
Deriv
Malaysia 1999
  • FSA (Labuan) MB/18/0024
  • FSC (BVI)
  • MFSA
  • The Financial Commission
  • Vanuatu Financial Services Commission
1:1000 $5 Review
Eightcap
Australia 2009
  • ASIC 391441
  • Vanuatu Financial Services Commission
1:500 $100 Review
FXPIG
Vanuatu 2010
  • Vanuatu Financial Services Commission
1:400 $200 Review
Titan FX
Vanuatu 2013
  • Vanuatu Financial Services Commission
1:500 $200 Review
World Forex
Vanuatu 2007
  • FSC (BVI)
  • The Financial Commission
  • Vanuatu Financial Services Commission
1:500 $1 Review
ACY Securities
Australia 2013
  • ASIC
  • Vanuatu Financial Services Commission
1:500 $50 Review
LegacyFx
Cyprus 2017
  • BaFin
  • CySEC
  • FCA (UK)
  • NBRB (Belarus) 193180778
  • Vanuatu Financial Services Commission
1:200 $500 Review
CMS Prime
United Arab Emirates 2004
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • Vanuatu Financial Services Commission
1:500 $500 Review
Scandinavian Capital Markets
Sweden 2011
1:100 $10000 Review
SmartFX
United Arab Emirates 2018
  • Vanuatu Financial Services Commission
1:400 $200 Review
UFX
United Kingdom 2009
  • BaFin
  • CNMV (Spain) 3039
  • CySEC
  • Finansinspektionen (Sweden)
  • Vanuatu Financial Services Commission
  • ESMA
1:200 $100 Review
FinmaxFX
Seychelles 2017
  • FMRRC (Russia) TSRF RU 0395 AA V0150
  • Vanuatu Financial Services Commission
1:200 $250 Review
Moneta Markets
Australia 2020
1:500 $50 Review
AdroFx
Saint Lucia 2018
  • FSA (St. Vincent & the Grenadines)
  • Vanuatu Financial Services Commission
1:500 $25 Review
BMFN
Australia 1988
  • Vanuatu Financial Services Commission
1:400 $50 Review
Fusion Markets
Australia 2018
  • ASIC
  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:500 $1 Review
TOP1Markets
Australia 2018
  • ASIC
  • Vanuatu Financial Services Commission
1:100 $100 Review
AETOS
Australia 2007
  • ASIC
  • FCA (UK)
  • Vanuatu Financial Services Commission
1:200 $250 Review
Evest
Vanuatu 2021
  • FSCA (South Africa)
  • Vanuatu Financial Services Commission
1:400 $250 Review
Number One Capital Markets
Turkey 2017
  • Vanuatu Financial Services Commission
1:1000 $5 Review
Global Market Index
China 2009
  • FCA (UK) 677530
  • Vanuatu Financial Services Commission
1:200 $25 Review
JFD Brokers
Bulgaria 2011
  • BaFin
  • CySEC
  • Vanuatu Financial Services Commission
1:400 $500 Review


Vanuatu, ranked fourth in the list of happiest countries, is a small country with many pleasant sights and activities to offer for everyone. The Republic of Vanuatu is a beautiful archipelago made by a volcanic eruption located about 1,750 km east of northern Australia. This island country is mostly inhabited by Melanesian people which rely on agriculture, offshore financial services, and raising cattle as their main sources of income.

Vanuatu has many interesting tourism sites that attract people from all over the world. They have coral reefs of the South Pacific region and shipwrecks of US ocean liner and SS President Coolidge that impress many scuba divers.

Aside from beautiful beaches for the tourists, they also have something that might be of interest to forex brokers. The Vanuatu Financial Services Commission is in fact available for brokerage companies to apply for an FX/CFD brokerage license from this country.

Vanuatu Financial Services Commission, 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, regulate and supervise the non-deposit taking financial services industry of Vanuatu, promoting the industry outside of this country, as well as protecting its reputation from undesirable business persons.


What Makes VFSC So Appealing to Many 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. In this case, VFSC has a lot to offer such as speed, flexibility, freedom from income tax, capital gains tax, and inheritance tax. Here is a list of what Vanuatu might offer in that regard:


Cost-effective

One of the biggest reasons why people set up a business is to earn money, not to lose money. Therefore, if there is a way to make them spend less on setting up a business, they would certainly do it. That is one of the few things that VFSC offers. They allow you to set up a forex brokerage 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 set-up

VFSC can have your business license ready relatively fast because after you submit all the necessary documents, they can give the license in just about 3 months. In comparison, the Cyprus Securities and Exchange Commission (CySEC) takes about a year to give a brokerage license.


High flexibility

The license given by VFSC allows you to run your business in a flexible manner. They pose no limit on leverage, options to operate as an STP or marketing making firm, PAMM/MAM account, and money management service.


No physical presence required

Some other regulatory bodies require brokerage companies to set up a physical presence in their country. VFSC only needs the incorporation and administration of a Vanuatu international company.


What It Takes to be a VSFC Regulated Broker


For a company who is interested in applying for a brokerage license by VFSC, they only need to make sure that the people that will be involved in the business such as directors, officers, shareholders, and ultimate beneficiary owners will need 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.

Aside from the documents above, the company also needs to provide a business and financial plan, supervisory and AML/CTF Manuals, as well as a confirmation of their geographic and target markets.



Since a VFSC brokerage license is relatively easy to obtain, a broker should apply for licenses from another regulatory body to earn more trust from their clients. Therefore, it is important for traders to pay attention should they come across a VFSC-regulated entity. If the company is not regulated anywhere else, might as well considering another VFSC broker with extra licenses.


If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.



Search Other Brokers