Moneta Markets Departs from Vantage Group and Acquires an ASIC License

In 2020, the broker was founded under the Vantage umbrella.

It is now legal in Australia, South Africa, St. Vincent and the Grenadines, and the United Kingdom.

Moneta Markets announced its departure from Vantage on Tuesday (previously VantageFX). Moneta made the move after securing a group of investors to support its independent operations as a retail FX and contracts for differences (CFDs) broker.

Furthermore, the broker has regulatory approval from the Australian Securities and Investments Commission (ASIC) to provide services to Australian customers. On August 3, the Australia Financial Services (AFS) license was awarded to the newly founded Moneta Markets Pty Ltd.

Moneta also has regulatory permission in South Africa and St. Vincent & the Grenadines, in addition to the Australian license.

Moneta, which was launched in mid-2020 under the aegis of Vantage Group, began as an offshore broker.

“Since its beginning, the objective has always been to create Moneta Markets into a brand that can run on its own,” said David Bily, the broker's founder and CEO.

“In the beginning, the Vantage Group's technical and infrastructural assistance was critical in assisting us in launching and becoming a significant market challenge, as well as obtaining our independence.” It also aided Moneta in attracting investors who want to be a part of our growth path.

A Developing Broker

According to the official press release shared with Finance Magnates, Moneta's development in the last few years has burst with increased customer acquisition, trading volume, and monthly deposits.

The brokerage's services include forex trading and contracts for differences (CFDs) on commodities, indices, equities, and ETFs. Furthermore, it is rapidly growing the variety of available instruments.

“We are on pace to put Moneta Markets into a position where it can become the preferred retail FX and CFD broker of choice throughout the globe with our ever-expanding selection of products, our continual effort to enhance our offering, and an enthusiastic group of investors backing us,” Bily said.

About Moneta Markets

Moneta Markets, a subsidiary of Vantage International Group Limited, is a forex broker formed in 2020. The VFSC regulates the broker under Section 4 of the FDLA (Regulation No. 700271), facilitating investments in over 300 financial products such as foreign currency, commodities, indices, shares, futures, CFDs, and cryptocurrencies.

Clients of Moneta Markets may access the platform through the web, MT4, and MT5, as well as a dedicated trading app. Investors may trade 24 hours a day, seven days a week, allowing them to profit on market momentum around the clock with leverage of up to 500:1, which is among the greatest available in the industry.

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