Vantage Markets Warned by Maltese Financial Regulator

Last month, the Malta Financial Services Authority (MFSA) issued a warning stating that Vantage Markets, or Vantage FX, is not financially authorized in Malta and is classified as an unlicensed entity.

The MFSA makes it clear that Vantage Markets is neither a Maltese registered company nor licensed or authorized by the MFSA "to provide any investment services in relations to investment advice, ancillary services, forex broker or other financial services which are required to be licensed or otherwise authorised under Maltese law."

In addition, Malta's financial regulator cautions financial consumers against conducting transactions with unauthorized financial service providers. Extra caution should be exercised with regard to financial services offered from unconventional channels such as the telephone and social media.

In fact, this is not the first time Vantage Markets has received a warning from the regulator. Previously, financial regulators in several countries and regions have issued warnings against the trader, including Malaysia SC, Italy CONSOB, Spain CNMV and Hong Kong SFC.