The operator of VantoFX, an offshore contracts for differences (CFDs) broker, has launched a new sister brand, V Global Markets, which has also secured a licence from the Financial Services Authority (FSA) of Seychelles.
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Another Offshore CFD Brand Enters the Market
Announced today, the new Securities Dealer licence will allow the brand to issue offers of CFD instruments, directly onboard clients, and hold clients’ deposits — in other words, to operate fully as a CFDs broker.
“Earning the trust of regulators and clients alike requires patience, structure and integrity,” said Arthur Kbejan, Founder and Group CEO of VantoFX. “This licence is a testament to that approach — it validates the standards we’ve been working towards for years.”
However, despite securing the licence, the new V Global Markets will not onboard clients directly at first, as it wants to complete “its final operational and compliance preparations.”
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The Lure of the Offshore
While the new brand has received a Seychelles licence, the legacy Vanture brand operates with a Saint Lucia registration. It should be noted that Saint Lucia does not issue specific licences to CFD brokers, although many brokers utilise the island’s licence exemption regime for their operations.
Over the past few months, several prop trading brands have registered themselves in Saint Lucia as brokers — according to industry insiders, this is to acquire MetaTrader licences.
Seychelles, meanwhile, houses many CFD brokers which primarily maintain their high-leverage offshore operations from the island.
Kbejan, who has worked with many CFD brokers, particularly on their technology side, launched VantoFX earlier this year. According to his LinkedIn profile, he now serves as the Managing Director of VantoFX and the Chief Executive of the new V Global Markets brand.
During his long career in the industry, Kbejan has worked with major brands such as GFT, 26 Degrees (formerly Invast Financial Services), oneZero, MEX Exchange and Tickmill. Before launching his own brokerage firm, he was the Chief Information Officer at the MultiBank Group.
