VT Markets is an Australian multi-asset broker regulated by ASIC. Additionally, it operates offshore entities in South Africa and St. Vincent & The Grenadines. However, VT Markets lacks authorization to provide financial services in EEA jurisdictions. Despite this, nearly 40% of its website visitors originate from EEA countries, including Italy, France, and Switzerland.
The Spanish regulator (CNMV) has already issued a warning against this offshore broker. A substantial portion of VT Markets’ customer deposits appears to be processed through the Cyprus-based high-risk payment processor Payabl, using its PowerCash21 gateway. Here’s the latest update.
VT Markets Update
Until Q2 2022, VT Markets was part of the Australian Vantage Group before being spun off (see report here). As a multi-asset and CFD broker, it offers leverage of up to 1:500, which violates EEA regulatory requirements.
Although VT Markets lacks authorization in the EEA, EEA residents can register without any restrictions. Similarweb data confirms that approximately 40% of VT Markets’ website visitors come from EEA regions.
Payment Processing & KYC Compliance
- A significant portion of VT Markets’ deposits appears to be processed through the Cypriot payment processor Payabl, using the PowerCash21 gateway.
- Payabl is regulated by the Central Bank of Cyprus as a payment institution and was founded by former Wirecard executives Dietmar Knoechelmann and Ruediger Trautmann.
- Deposits require KYC verification, ensuring compliance with regulatory standards.
Available Payment Options:
- Bank transfers
- Credit & debit cards
- E-wallets (Fasapay, Neteller, Perfect Money)
- Cryptocurrencies (Bitcoin, Tether)
VT Markets Key Data
- Brands:
- VT Markets
- Domains:
- Legal Entities:
- VT Global Pty Ltd (Australia)
- VT Markets Pty Ltd (Australia)
- VT Global South Africa (Pty) Ltd (South Africa)
- VT Markets LLC (St. Vincent & The Grenadines)
- Vigglobal Holding Cy Ltd (Cyprus)
- Jurisdictions:
- UK, Australia, Vanuatu, Cayman Islands, St. Vincent & The Grenadines
- Regulatory Licenses:
- ASIC (Australia) – VT Global Pty Ltd
- FSCA (South Africa) – VT Global South Africa (Pty) Ltd
- Trading Platform:
- PandaTS (until recently)
- Leverate
- Leverage: Up to 1:500
- Payment Options:
- Bank wire, credit/debit cards, crypto, e-wallets
- Payment Processors:
- Fasapay, Neteller, Perfect Money, Payabl
- Notable Individuals Associated:
- Pedzai Mvere (LinkedIn)
- Regulatory Warnings:
- CNMV (Spain)
Final Thoughts
Despite lacking authorization in EEA jurisdictions, VT Markets continues to attract a significant number of EEA-based clients. This is facilitated through Cypriot payment processor Payabl, which provides a payment gateway for offshore transactions.
⚠ We advise caution when dealing with offshore brokers that operate without regulatory authorization in EEA regions. Even if they appear legitimate, traders face increased financial risks, as there is no regulatory protection or oversight.
Share Your Information
If you have any insights regarding VT Markets, Payabl, or their associated entities, please report them through our whistleblower system, Whistle42.