The Republic of Vanuatu is an island state in the Melanesian region, located in the Pacific Ocean, with an offshore financial center in the city of Port Vila, which is the capital of the Republic.
Due to the attractive licensing conditions in this jurisdiction, Vanuatu is becoming a popular choice for forex brokers. The Financial Dealers Licensing Act [CAP 70] provides an opportunity to regulate and control forex trading in the country. With a forex license in Vanuatu, also known as an FSP license, brokers can trade securities as well as manage investment portfolios for their clients.
A forex license is a requirement for all forex brokers wishing to provide their services to clients in Vanuatu. This license is designed to protect the interests of clients from unscrupulous brokers and ensures that brokers meet certain standards of financial soundness.
Obtaining an FSP license has the following benefits:
- ensuring that clients are protected from fraud and unscrupulous activities of brokers;
- assurance of the financial reliability and proper operation of the brokerage firm;
- a commitment to high standards of behavior, including honesty, transparency, and protection of client’s interests.
In other words, an FSP license demonstrates your reliability to your clients and ensures the protection of your funds.