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List of Brokers with VFSC Regulation

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The Vanuatu Financial Services Commission is the main regulatory body in Vanuatu responsible for the regulation and oversight of financial businesses there. Although the VFSC registration fee is relatively cheap, the regulator is known for its very strict checks on registrants.

VFSC has a number of visions and missions to ensure regulatory compliance, such as publishing fraud notices and warning potential investors and traders about malpractice. The VFSC can also address regulatory violations with fines of up to 125 million VUV (approximately $1.125 million) to revoke the licenses of companies that fail to comply with their rules.

Established
1993
Country
Vanuatu
Amount of Data
37
Broker Regulation
Juno Markets

Vanuatu 2014

Vantage Markets

Australia 2009

TMGM

Australia 2013

FXPRIMUS

Cyprus 2009

NordFX

Vanuatu 2008

TriumphFX

Seychelles 2009

JFD Brokers
Germany 2011

FXPIG
Vanuatu 2010

Eightcap
Australia 2009

Credit Financier Invest
Cyprus 2015

Deriv
Malaysia 1999

AccentForex
Vanuatu 2010

XGLOBAL Markets
Germany 2012

FXGlobe
Germany 2008

Titan FX
Vanuatu 2013

Gerchik & Co
China 2015

Milton Markets
Vanuatu 2014

CIBFX
Vanuatu 2005

TegasFX
Vanuatu 2016

Global Prime
Australia 2010

Tifia
Mauritius 2011

World Forex
british virgin islands 2007

Global Market Index
United Kingdom 2009

ACY Securities
Australia 2013

LegacyFx
Germany 2017

CMS Prime
St. Vincent & the Grenadines 2004

Scandinavian Capital Markets
Sweden 2011

SmartFX
Vanuatu 2018

UFX
Germany 2009

MultiBank
United States 2005

FinmaxFX
Russia 2017

Moneta Markets
Cayman Islands 2020

AdroFx
St. Vincent & the Grenadines 2018

BMFN
Vanuatu 1988

Fusion Markets
Australia 2018

TOP1Markets
Australia 2018

AETOS
Australia 2007

Evest
South Africa 2021

Number One Capital Markets
Vanuatu 2017



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.