VantageFX | FinTelegram News

Tag: VantageFX

February 18, 2022

Attention! Unauthorized VT Markets and Moneta Markets still attack European consumers!

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.

January 31, 2022

Compliance Issues? The offshore brokers of the Vantage Group!

Vantage (previously VantageFX) is an offshore broker of the Vantage Group besides VT Markets and Moneta Markets. Since the beginning of 2022, Vantage uses new domains and logos. Vantage Group operates with regulated entities in the UK and Australia. The offshore activities are operated via Vantage Global Limited, Vanuatu, and Vantage International Group Ltd, Cayman Islands, with whom clients enter into an agreement. These offshore brokers are also active in Europe, soliciting clients and their funds.

January 30, 2022

Attention! Offshore broker Moneta Markets attacks German consumers!

FinTelegram has reported several times on Moneta Markets, an offshore broker regulated by the VFSC. The broker is operated by Vantage Global Limited, part of the Vantage Group. Currently, Moneta Markets is attacking German-speaking consumers and asking them to make deposits. Contrary to Moneta Markets' statements, the broker solicits clients in Germany and the EU without proper authorization. The Italian Consob has already issued an investor warning.

December 22, 2021

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.

December 2, 2021

Crypto Scam Alert! UK regulator warns against Bitcoin 24 Vantage FX, Crypto Prospect, and Bitfargo

Currently, we are falling over new crypto investment schemes every hour. They try to defraud consumers with sometimes absurd offers and promises. In recent days, the UK FCA has issued more than a dozen warnings against these crypto schemes. Most recently, the UK regulator has issued warnings against Crypto Prospect (www.cryptoprospecttradingfx.com), Bitcoin 24 Vantage FX (www.bitcoin24vantagefx.com), and Bitfargo (www.bitfargo.io). Stay far away.

October 31, 2021

Attention! Offshore broker Moneta Markets attacks European consumers with illegal offerings!

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!

October 31, 2021

FCA-regulated Vantage Group with unauthorized Moneta Markets, FXMarket Trades, and FXBit Mining

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.

August 2, 2021

Spanish CNMV warns against offshore broker VT Markets of Vantage Group

Spanish CNMV issued a warning against VT Markets, a broker operating 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 license. The Vantage Group operates other broker brands such as VantageFX, VantageFXoptions, or TradeOnlineProfit via different entities. As a payment processor, we found everpay for bank transfers, for example.