Vantage FX is licensed by top-tier financial regulators across three continents. These include the UK Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), the Cayman Islands Monetary Authority (CIMA), and the Vanuatu Financial Services Commission (VFSC).
Here are the multiple entities or subsidiaries under which Vantage FX operates depending on location:
- Vantage Global Prime LLP, a financial services company regulated and licensed by the Financial Conduct Authority (FCA) UK.
- Vantage Global Prime Pty Ltd, a financial services company licensed and regulated by the Australian Securities and Investments Commission (ASIC).
- Vantage International Group Limited, a financial services company regulated and overseen by the Cayman Islands Monetary Authority (CIMA).
Is your money safe at Vantage FX?
The funds that traders deposit into their trading accounts at Vantage FX are safe and secure. This is because of the preparations that the broker has made to ensure that the funds of traders are protected. These arrangements include the holding of clients’ funds in accounts that are separated from the broker’s own funds.
The broker is regulated by at least two key tier-1 authorities such as FCA, ASIC, VFSC, and CIMA, who place a lot of emphasis on the insurance of clients’ funds. Then, its banks with top, AAA-rated banks including National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA).
However, note that most of the broker’s regulators do not require insurance for the funds of the clients.
- FCA – €85,000 (UK)
- ASIC – No protection (Australia)
- CIMA – No protection (Cayman Islands)
- VFSC – No protection (Vanuatu)
Also, Vantage FX does not offer clients negative balance protection which implies that traders can easily lose more money than the balance they have in their trading accounts whenever they have losing trades. Instead, the broker immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but even end up owing the broker.
However, sometimes, depending on the situation, if contacted, Vantage FX can help a client restore their account to a neutral balance after which the client can redeposit funds and resume their trading. More importantly, to prevent the rare cases of accounts entering negative balance, the broker has put in place features such as margin and stop out.