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.
Vantage Group Key data
| Brands | Vantage FX, VantageFX, Vantage Moneta Markets |
| Domain | www.monetamarkets.com www.vtmarkets.com www.vtmarkets.com.au www.vantagefx.co.uk www.vantagefx.com.au www.vantagefx.com, www.vantagemarkets.com |
| Legal entities | Vantage Global Prime LLP, UK, regulated by FCA Vantage Global Prime Pty Ltd, Australia, regulated by ASIC VT Markets Pty Ltd, acting IB to Vantage Global Prime Pty Ltd VT Markets LLC, St. Vincent & The Grenadines Vantage Global Limited, Vanuatu, regulated by VFSC Vantage International Group Ltd, Caymen Islands, regulated by CIMA Vigglobal Holding Cy Ltd, Cyprus |
| Jurisdictions | UK, Australia, Vanuatu, Caymen Islands, St. Vincent & The Grenadines |
| Platform | |
| Leverate | up to 1:500 |
| Payment processors | Praxis, ZotaPay (cc), Finrax (crypto), BridgerPay, PerfectMoney |
| Related individuals | David Shayer, CEO Vantage UK David Bily, Moneta Markets |
| Warnings | Consob, CNMV |
Updated narrative
In December 2021, Vigglobal Holding Cy Ltd was established in Cyprus to act as a payment agent for the Vantage offshore brokers. The Vantage Group operates various brands and domains through legal entities in different regulatory regimes.
- Vantage Global Limited, regulated by the VFSC in Vanuatu, operates the Moneta Markets and the offshore mutation of Vantage
- Vantage International Group Limited, regulated in the Cayman Islands by CIMA, and VT Markets LLC, registered in St. Vincent and the Grenadines, operate the offshore mutation of VT Markets.
Both VT Markets and Moneta Markets are subject to warnings from European regulators. While the Spanish CNMV warned against VT Markets in Aug 2021, the Italian Consob ordered the blackout of Moneta Markets in Dec 2021. They solicit consumers in the EU without authorization and without proper onboarding. In essence, Moneta Markets and VT Markets are almost identical schemes. The Vantage Group offshore broker attracts clients in the EU and UK and offers leverage of up to 1:500.
VT Markets claims that the Financial Services Authority in St. Vincent & The Grenadines (FSA SVG) has authorized it. However, this is a false claim. The FSA SVG does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.
Read our Moneta Markets review here!
It is interesting to note that VT Markets now offers Russian Perfect Money as a payment option, which is actually mostly used by the dark side of the web. Many scam brokers use Perfect Money as their payment facilitator.
We recommend all consumers not work with VT Markets, Moneta Markets, or any other offshore broker. While they may not necessarily be scams, they operate without authorization from the relevant regulators. The deposited money is not insured and there is no Investor Protection Fund. Likewise, there is no way to call a Financial Ombudsman in case of problems. Stay away and do not increase your risk again. With Forex, CFDs, and Cryptos you are active at high risk anyway.
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If you have any information about Moneta Markets, VT Markets, or the Vantage Group please share it with us through our whistleblower system, Whistle42.
