Investor warning against offshore broker Moneta Markets and the Vantage Group
We recently communicated with David Bily, founder of Moneta Markets, to get the background of Vantage Group of companies. David confirmed that Moneta Markets is operated as a white label solution of Vantage Group by Vanuatu-based and VFSC-regulated offshore entity Vantage Global Limited. David opined that a license or permission would not be required for Moneta Markets in the EU. However, Consob sees differently and recently issued a warning against Moneta Markets and Vantage Global Limited.