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Tier 3
Vanuatu Financial Services Commission (VFSC)
Vanuatu Regulator
"The VFSC has tightened rules significantly since 2021 (higher bond, physical presence), but remains an offshore jurisdiction with high leverage and no compensation fund."
About VFSC
The Vanuatu Financial Services Commission (VFSC) was established in 1993. Recent reforms have shed its 'easy license' image by requiring a $50,000 bond and physical office. It operates under the Financial Dealers Licensing Act [CAP 70].
Key Investor Protections
- Security Bond: Brokers must deposit a bond of 5 million Vatu (~$42,000) with the government.
- Physical Presence: Must have a local office and a manager residing in Vanuatu for at least 6 months/year.
- License Classes: Class A, B, C (Forex/Derivatives) licenses ensure specific authorization.
- No Compensation Fund: Traders rely solely on the broker's solvency and segregated accounts.
Max Leverage
Very high leverage allowed (often 500:1+). No mandatory negative balance protection.
Safety Rating
Low
Pros
- Access to extremely high leverage.
- Improved credibility due to physical presence requirements.
- Simple onboarding for global clients.
Cons
- No government-backed investor compensation scheme.
- High risk of insolvency without recourse.
- Limited regulatory oversight compared to Tier 1.
Top Brokers Regulated by VFSC
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
GP
6.92
Global Prime
Australia
Min Deposit$0
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
GT
9.23
GTCFX
UAE
Min Deposit$100
TM
8.55
TMGM
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
GP
6.92
Global Prime
Australia
Min Deposit$0
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
GT
9.23
GTCFX
UAE
Min Deposit$100
TM
8.55
TMGM
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
GP
6.92
Global Prime
Australia
Min Deposit$0
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
GT
9.23
GTCFX
UAE
Min Deposit$100
TM
8.55
TMGM
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100