Tag: VT Markets

Pavel Kalashnikau is the beneficial owner, shareholder, and director of the Estonian registered FXCash OÜ, the operator of the Forex rebate service platform FxCash. The idea is that you register on FxCash as a trader, open an account with one of the listed brokers and get back up to 95% of the spread from each trade, a cashback service for Forex. FxCash is mainly used by offshore brokers but, unfortunately, also by broker scams.

VT Markets is an Australian broker scheme that also allows the onboarding of retail clients in EEA jurisdictions via offshore entities. VT Markets offers maximum leverage of 1:500. Until mid-2022, VT Markets was part of the Vantage Group and still operates with the same solution. The scheme is operated by various companies in different jurisdictions and has authorizations in Australia and South Africa. However, the FCA has today issued a warning against the broker.

VT Markets is an Australian broker scheme that also allows the onboarding of retail clients in EEA jurisdictions via offshore entities. VT Markets offers maximum leverage of 1:500. Until mid-2022, VT Markets was part of the Vantage Group and still operates with the same solution. In fact, VT Markets is a 1:1 implementation of VantageMarkets with different branding. Payabl and BridgerPay are the main payment facilitator of the scheme, which has already received regulatory warnings.

Vantage Prime Group LLC d/b/a VantageMarkets (VantageMarkets.co.uk) is regulated in the UK by the FCA. In addition, the VantageMarkets scheme runs offshore entities through which it performs onboarding of clients in the EEA region, in violation of the regulatory requirements of the FCA and ESMA regulators. The Italian Consob has ordered the black-out of the VantageMarkets offshore broker website (VantageMarkets.com). It is not the first regulatory warning. Be very careful when dealing with this broker scheme.

VT Markets is an Australien multi-asset broker regulated by the ASIC. Moreover, VT Markets operates offshore entities in South Africa and St. Vincent & The Grenadines. It does not have a license to offer its financial services in the EEA jurisdictions. However, almost 40% of the website visitors are from EEA countries. The Spanish CNMV issued already a warning aginst the offshore broker. A significant portion of VT Markets customers' deposits are settled through Cyprus-based Payabl via its PowerCash21 gateway. Here is an update.

The Vantage Group is a global, multi-asset broker headquartered in Sydney, Australia, d/b/a Vantage and, until Q2 2022, also as VT Markets. The group runs several offshore entities to circumvent regulations in EEA and other regulatory regimes. Until a few months ago, Moneta Markets was also part of the Vantage Group but left it. Here is another update. Until Q2 2022, VT Markets was officially a Vantage Group brand. Now VT Markets operates without direct reference to Vantage. Here is an update.

Until 2021, the Bank of Cyprus-regulated payment institution Payabl did business as PowerCash21. The high-risk payment processor founded by former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann specializes in porn, gambling, and online trading. Among its customers is apparently also the offshore broker VT Markets as a Similarweb analysis shows. A warning was issued against VT Markets by the Spanish regulator in August 2021.

The Vantage Group is a global, multi-asset broker headquartered in Sydney, Australia, d/b/a Vantage, VTMarkets, or Moneta Markets. The group runs several offshore entities to circumvent regulations in the UK, Europe, and other regulatory regimes. According to its latest press release, Vantage works with a global team with over 1,000 staff, spread over 30 offices located. In February 2022, Vantage signed a multi-year sponsorship deal with McLaren Racing and has become an Official Partner of the McLaren (MX) Extreme E team. Here is another update.

As reported already, Vantage Group operates various brands and domains through legal entities in different regulatory regimes. The offshore entities are Vantage Global Limited, regulated by the VFSC in Vanuatu, which operates the Moneta Markets and Vantage brands. Vantage International Group Limited, regulated in the Cayman Islands by CIMA, operates the offshore mutation of VT Markets. Both VT Markets and Moneta Markets are subject to warnings from European regulators. They solicit consumers in the EU without authorization and without proper onboarding.

A few days ago, we published a comprehensive account of the offshore broker activities of the FCA- and ASIC-regulated Vantage Group. The group's offshore brands include Moneta Markets, Vantage, and VT Markets. They operate without authorization in the UK and EU. On the other hand, Vantage Capital FX does not belong to this group. The operator is UK-registered Vantage Capital Ltd. The UK Financial Conduct Authority (FCA) has already issu

Moneta Markets is one of the numerous brokerage and trading brands of the Vantage Group. The website claims that Moneta Markets is operated by the offshore entity Vantage Global Limited in Vanuatu, which works with a financial dealer license from the VFSC. However, an offshore license like this does not entitle the licensee to engage in regulatory regimes in North America or Europe. Most recently, Vantage Group entered into a settlement with the Canadian regulator OSC because of their illegal offshore approach, and they continue to move on. Here is the review!

In August 2021, Spanish CNMV issued a warning against VT Markets acting without authorization. The broker's Client Agreement states Vantage International Group Limited, registered in the Cayman Islands, as the operator. This offshore entity is part of the Vantage Group and holds a Caymen Islands Monetary Authority (CIMA) license. The Vantage Group operates a portfolio of other broker brands such as the UK-regulated VantageFX and several unregulated such as Moneta Markets or FXBit Mining.