#1
FS International Limited
Suspicious CloneVanuatuEst. 2015FSCA
Regulation
License
Spread
67.0Score
Thirty-eight forex brokers on WIKILIX list a registered address in Vanuatu, and that address is the only thing this page is built on. Being based in Vanuatu is not the same as holding a Vanuatu licence, and it says nothing about which countries a broker will open an account for. The Vanuatu Financial Services Commission (VFSC) sits at tier four in our regulator ranking and carries offshore status, so a firm domiciled here starts from the lightest-touch supervision on the site.
The split is sharper than the address suggests. Of the 38 firms registered in Vanuatu, only 26 actually hold a VFSC licence. Twelve do not: AccuIndex records an Abu Dhabi ADGM licence and nothing local, CapitalXtend and KAMA Capital carry only an offshore MISA registration from the Comoros, and seven firms list no regulator at all. A Vanuatu shell company can front an operation licensed somewhere else, or licensed nowhere.
| Broker | Score | Opened | Licences on record | Status |
|---|---|---|---|---|
| FXGlobe | 65 | 2015 | FCA, BaFin, CySEC, FSCA, VFSC | Suspicious clone |
| JFD | 62.2 | 2011 | FCA, CySEC, VFSC | Offshore |
| Global DTT | 58.9 | 2017 | FCA, SCA, VFSC | Regulated |
| Hantec Financial | 50.3 | 1990 | ASIC, FSA, VFSC | Regulated |
| CapitalXtend | 31.7 | 2020 | MISA | Offshore |
What a Vanuatu address buys, and what it leaves out
Vanuatu built its financial centre on low capital requirements and fast licensing, which is why so many high-leverage brands register here. The leverage on this list runs from 1:100 up to 1:5000, the ceiling belonging to CapitalXtend, with FXTRADING.com close behind at 1:2000. Nine of the 38 offer 1:1000 or more. That is leverage no tier-1 regulator would authorise, and it is the clearest practical difference between a Vanuatu registration and an FCA or ASIC one.
Regulatory standing is thin. Eight firms carry a clean regulated status in our records; the other 29 carry a warning of some kind, including 17 marked offshore and four flagged as suspicious clones. FXGlobe holds the highest score here at 65 and still sits under a suspicious-clone flag, the kind of contradiction a domicile list surfaces that a best-VFSC-brokers list hides.
The brokers people expect here, and why they are missing
Search for Vanuatu brokers and the names that come back are usually large international brands advertising a VFSC licence. Most of those run Vanuatu as one branch of a group headquartered elsewhere, so they are filed under their home country, not here. This page is the reverse view: the firms whose registered office is genuinely in Vanuatu. A few are long-standing, with Hantec Financial opening in 1990 and JMI Brokers in 1994, but most are recent, and 13 of the 38 opened in 2018 or later.
Fifteen of these firms hold two or more separate licences, usually pairing the local VFSC registration with a stronger one abroad. JFD adds an FCA and a CySEC entry, while Juno Markets and Decode pair VFSC with Australia's ASIC. The licence that matters is the one on the entity you actually sign with, which for an offshore-registered firm is often not the tier-1 badge shown on its homepage.
Before you open an account with a Vanuatu-registered broker
- Confirm which legal entity holds your account. A VFSC entity and an ASIC entity under the same brand give very different protection.
- Check the VFSC public register for the licence number the broker quotes, and confirm it is current rather than lapsed.
- Treat any firm here with no regulator on record, or a suspicious-clone flag, as unverified until you have checked the register yourself.
- Read the leverage in the account terms: a 1:1000 or 1:5000 offer magnifies losses as fast as gains and is capped far lower onshore.
Every licence claim on this page reflects what WIKILIX has recorded as of today. Confirm any licence on the VFSC register before you deposit.
40brokers on this list
Researched & ranked by the Wikilix team
- #2
JFD Overseas Ltd
OffshoreVanuatuEst. 2011CySEC
RegulationLicenseSpread61.9Score - #3
DTT VAN LTD
RegulatedVanuatuEst. 2017SCA
RegulationLicenseSpread58.8Score - #4
Pure M Global LTD
Suspicious CloneVanuatuEst. 2022VFSCRegulationLicenseSpread58.6Score - #5
Juno Markets Limited
OffshoreVanuatuEst. 2014ASIC
RegulationLicenseSpread55.1Score - #6
Accuindex Limited
RegulatedVanuatuEst. 2016ADGMRegulationLicenseSpread54.6Score - #7
Gleneagle Securities Pty Limited
OffshoreVanuatuEst. 2009MISARegulationLicenseSpread53.4Score - #8
Hantec Markets (V) Company Limited
RegulatedVanuatuEst. 1990FSA
RegulationLicenseSpread51.1Score - #9
DTT VAN LTD
No RegulationVanuatuEst. 201751.0Score - #10
Gerchik & Co Limited
No RegulationVanuatuEst. 201551.0Score - #11
Tifia Markets Limited
No RegulationVanuatuEst. 201151.0Score - #12
GODO LTD
No RegulationVanuatuEst. 202150.0Score
This list rebuilds itself from the addresses and licences on record, so a firm that moves its registration or gains a VFSC licence appears or drops off without anyone editing the page. Scores and status flags shift as our research is updated, and the ordering you see is the score on the day you read it, not a fixed table.
If Vanuatu caught your eye for its offshore reputation, the neighbouring jurisdictions tell a similar story. Seychelles, Mauritius and Saint Vincent and the Grenadines host far larger populations of registered firms, and Comoros pushes leverage even higher through its MISA licences. Belize and the Marshall Islands sit at the smaller end. Each of those pages separates a registered address from a working licence the same way this one does.
For the firms here that also hold an onshore licence abroad, the regulator-based rankings are a better starting point, since they group brokers by the authority that actually supervises them rather than by where the paperwork was filed. Either way, verify the specific entity and licence number on the regulator's own register before moving any money.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
Leverage on this list runs from 1:100 to 1:5000, with CapitalXtend at the top and FXTRADING.com next at 1:2000. Nine of the 38 firms offer 1:1000 or more. That ceiling is a direct result of the offshore framework: tier-1 regulators such as the FCA and ASIC cap retail forex leverage far lower, often at 1:30.
Twenty-nine of the 38 carry a cautionary status in our records, and only eight hold a clean regulated status. The warnings break down into 17 marked offshore, eight operating with no regulation, and four flagged as suspicious clones. Even the highest-scoring firm here, FXGlobe at 65, sits under a suspicious-clone flag.
Because this page is built on domicile, not on the VFSC licence itself. Many large international brands run a Vanuatu branch for its licence while keeping their head office in Australia, Cyprus or the UK, so they are filed under their home country instead. This list shows the firms whose registered office is genuinely in Vanuatu.
This list cannot tell you that. It is built from where each broker is registered and which licences it holds, not from which countries it accepts clients in, because that information is not recorded here. Some Vanuatu firms serve a wide international audience and others restrict it heavily. Check the individual broker's own terms and any local rules before you sign up.
Hantec Financial, which records an opening date of 1990, is the oldest firm on this list, followed by JMI Brokers from 1994 and SmartFX from 1995. Most brokers here are far newer, with 13 of the 38 opened in 2018 or later. Age alone is not a safety signal, but a long unbroken record is harder to fake than a recent registration.
The VFSC is Vanuatu's financial regulator, and WIKILIX ranks it at tier four with offshore status, the lightest supervision on the site. It allows low capital requirements and very high leverage, which is why brokers here reach 1:5000. It offers far less recourse than an onshore tier-1 regulator if a firm fails, so client-money protection is weaker.
No. Of the 38 firms registered in Vanuatu, 26 hold a Vanuatu Financial Services Commission licence and 12 do not. Some of those 12 carry only a foreign licence, such as AccuIndex with its Abu Dhabi ADGM registration, and seven list no regulator at all. A Vanuatu address is not proof of a Vanuatu licence.
Thirty-eight brokers on WIKILIX list a registered address in Vanuatu, and this page shows all of them. The figure changes only when a firm moves its registration or a new one is added, since the list is built from the recorded address rather than kept by hand. It counts firms domiciled in Vanuatu, not every broker that holds a Vanuatu licence.