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Licence record
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Bancara VFSC licence 700627

Wikilix check
Limited
Issuing authority
Vanuatu Financial Services Commission
Jurisdiction
Vanuatu
Last checked
Oct 21, 2026

This is Wikilix's record of a licence issued by Vanuatu Financial Services Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Nov 4, 2026

Licence Verification Record

Vanuatu Financial Services Commission 700627

Wikilix read the VFSC register on Oct 21, 2026. This is what it said.

Holder
Bancara LTD logoBancara LTD
Issuing authority
Vanuatu Financial Services Commission logoVanuatu Financial Services Commission
Jurisdiction
Vanuatu flagVanuatu
Effective
Aug 3, 2023
Register status
Active

Checked Oct 21, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/bancara/licenses/vanuatu-financial-services-commission/700627Fields on file 8 / 11

Open BancaraAll Bancara licencesAbout VFSC
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 4
Jurisdiction
Vanuatu
Last checked
Oct 21, 2026
Register says
Active

Finding

A Vanuatu Financial Dealers Licence, an offshore low-tier authorisation. It is held by Island Capital Ltd, a different company, not by Bancara. Client protection: Minimal offshore protection, and in any case the licence is not Bancara's. Effective: 3 Aug 2023.

Exhibit

Register screenshot, captured Oct 21, 2026

Verification note

Confirmed on the VFSC register as ISLAND CAPITAL LTD (A, B, C). The register entry carries our licence number 700627

The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
700627
Register status
Active
Effective from
Expires
No expiry shown
The authority

About VFSC

Vanuatu Financial Services Commission is the authority that issued this licence, and the jurisdiction it applies in is Vanuatu.

Full name
Vanuatu Financial Services Commission
Jurisdiction
Vanuatu
Strength
Tier 4Minimal supervision. A registration here says little about client protection.
Established
1993
Oversight
A government or statutory body
Firms we track under it
45 firms
Regulates
Forex, Stocks, Options, Derivatives, Securities, Futures
Licences it issues
Dealer in Securities Licence
Typical cost of a licence
USD 5000-10000
Public register
Searchable by the public
Transparency
Low

VFSC is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

VFSC's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeVFSC Complaints
  • Maximum leverage1:997
This describes the authority's regime, not how Bancara applies it.
The holder

Who holds this licence

The licence above is recorded against Bancara. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Bancara logo
Broker
Bancara LTD
Based in
Comoros
Wikilix score
39.1the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • BANCARA LTDComoros
  • ISLAND CAPITAL LTD.Vanuatu · International Company · Reg. 700627 · Jun 6, 2022
  • ALTUS INVESTIUM LTDAustralia · Australian Public Company · Reg. ACN 169 233 078 / ABN 87 169 233 078 · Apr 24, 2014
  • MAGAUTA CAPITAL (PTY) LTDSouth Africa
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Bancara holds

3 other licences are on record for Bancara.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Licence 700627 was issued by Vanuatu Financial Services Commission (VFSC), the financial authority for Vanuatu.
Bancara holds this VFSC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the VFSC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates VFSC tier 4, the lowest band. A registration here says little on its own about client protection.
Yes, VFSC is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the VFSC register. Search it for 700627, and for the name Bancara rather than the trading brand.
Bancara has 3 other licences on record with Wikilix, across 3 jurisdictions. They are listed further down this page.
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