MXT Global to Become Vantage Prime, Retail Accounts Migrated to VantageFX
MXT Global and VantageFX enter the institutional FX space with the launch of Vantage Prime to offer liquidity and white

MXT Global has announced to customers that their accounts are being migrated together with those of VantageFX. The announcement comes as MXT Global and VantageFX merged in June 2014, but had remained as two distinct trading brands.
At the time, it was explained that they would remain separate brands as each was having success in different markets. Nonetheless, trading operations for both brokers were streamlined, with both brands sharing similar trading conditions, products and one Australian regulatory license. As such, for MXT Global customers, the current account migration isn’t expected to have a meaningful impact.
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With the exit of the MXT Global brand from the retail forex market, it now becomes Vantage Prime. As per the ‘Prime’ name, the division will be targeting institutional customers, providing white label solutions and liquidity.
The launch of a separately branded institutional division has become a growing trend within the forex industry. For many brokers, the Prime offering being geared towards their B2B customers with both liquidity and technology solutions isn’t a new product, as much as being renamed to better distinguish itself as an institutional division.
Other retail brokers that have launched separately branded institutional divisions in the past include FXCM, Saxo Bank, FXOpen, JFD Brokers and AxiTrader. However, not every Prime division is similar, with some simply catering to B2B customers, while others offering prime services such as credit relationships with banks and trading venues.
On the news of the Vantage Prime launch, Managing Director Jay Wang commented, “This restructure is about making sure that Vantage can offer the best possible service to both our retail and institutional clients who obviously have vastly different needs.”
so who exactly holds the AFSL? vantageFX/vantage prime(MXT global)
@Darren – the license ( AFSL 428901) is currently held under the MXT Global name for both brands but I assume with them taking up the Vantage name across the board, they will change the license name as well, unless they keep MXT as some sort of parent name.
Just to make it 100% clear. The license number ( AFSL 428901) stays the same but the license holder name changes from MXT Global to Vantage Global Prime to further leverage the Vantage brand name.
This will mean that the parent company holding the license becomes Vantage Global Prime, while underneath there will sit two arms:
Institutional Forex – Vantage Prime.
Retail Forex – Vantage FX.
The legal documentation can be viewed on the Vantage FX website: https://www.vantagefx.com/company-profile/legal-documentation/
Vantage doesn’t have an afsl. It cannot issue any products itself. Even if an authorised rep. It would be unlicensed services. This Sounds like a scam. Watch out!
Vantage FX will continue under the same AFSL number (428901). Fully licensed and regulated by ASIC.
Vantage FX FSL: https://www.vantagefx.com/wp-content/uploads/2015/09/Vantage_FX_Financial_Services_Guide_V3.2.pdf
ASIC: Clients can also confirm this change of name on the ASIC website: https://connectonline.asic.gov.au/RegistrySearch/faces/landing/ProfessionalRegisters.jspx?_adf.ctrl-state=xl25bud5r_40
im guessing that they are the same company.
MXT Global (Parent)
VantageFX (Subsidiary #1)
Klimex Capital Market (Subsidiary #2)
just that now, the parent is going into the prime business, which i think is quite a smart move. why fight with your own comrades for market share when everyone is on the same team.