License

Licenses and Regulations

It is essential when selecting a broker to make sure that they are licensed & regulated by a credible governmental body. Each licensing authority monitors the working practices of financial companies, ensuring that all regulations are strictly adhered to.

Vanuatu Financial Services
Commission (VFSC)

Registration Number 15010

Founded 2009. A Commonwealth licensed company with 3 licenses from the Financial Securities Authority VFSC Licence No. 15010 for trading in currencies, metals, shares of United States companies listed on the New York and Nasdaq exchanges, shares of British companies listed on the London Stock Exchange, goods, energy, and crypto cryptocurrencies and other CFDs . The company and all its shares are wholly owned by the Swiss European company JMI Brokers Holding AG , registered in Swiss commercial register CHE-334.229.499. Zug - Switzerland ??. Most importantly, it is JMI Brokers with a full advance and guaranteed client deposits up to $500,000 through an insurance policy advertised on the company's official website.

AML & CTF Procedure Manual

VFSC strictly follows the international legal regulation and adhere to all anti-money laundering laws.

(VFSC) License Benefits

Financial protection of customer deposits up to $500,000. The bond of 5 million VATU must be deposited with and kept by the VFSC. A license must have adequate insurance cover, including professional indemnity insurance indemnity for partners and employees, former partners and employees, and consultants, to serve as a protection for the investor’s funds in the event of financial loss. The minimum insurance cover for each licensee has been revised in January 2019 and must be: 

a) 5.000.000 VT (+/- 50.000 USD) for each claim,
b) with an aggregate cover of not less than 50.000.000 VT (+/- 500.000 USD) and,
c) a maximum deductible amount of 10.000.000 VT (+/- 100.000 USD)