http://www.gbo-intl.com/gbo-blog/vanuatu-forex-licenses/

About the Vanuatu FX broker license
The Vanuatu Financial Services Commission (VFSC), which is the entity regulating and supervising the financial industry in the country, is responsible for issuing licenses.

- In order to apply and obtain a Vanuatu Forex license, your company must first incorporate as a Vanuatu International Company. The process may take somewhere around 3 days and GBO is here to assist you in every step of the way.
- Once the company is incorporated as a Vanuatu International Company, we submit the application for a Security Dealer License. The process for the -- Security Dealer License takes approximately 6-8 weeks. The license must be renewed annually by filling out and submitting a new application, with the associated fee.
- The Dealers in Securities requires brokerages who establish their business in Vanuatu to hold a security bond of VT200,000 (Approximately $2,000) held with the Registrar of the Supreme Court.
- Vanuatu abides by the Prevention of Frauds Act, a very user-friendly act that allows individuals and companies to apply for a Securities Dealers’ License.
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Low minimum capital required (about $2,000).
No local office and/or employees are required in Vanuatu.
Vanuatu offers the the fastest regulation available on the industry.
Costs to obtain the Vanuatu FX license are low.

did you see what is happening with Eurusd today ? bearish mode trade .

congrats for those who trade sell this pair :-)


see the chart below

Well igofx indeed has a super PAMM that can generate 10-20% monthly per month since 2014. A lot of people have withdrawn through local depositor method and nobody complains so far. If really worry can do withdraw from time to time.

This post has been edited by brianw87: Nov 18 2016, 02:53 AM

Full time trader, 10% annually can survive?

Too less.

I did sell last night based from 1hour candle... i didnt use any other timeframe thats why sometime im a little confuse with market trend

i've seen the presentation slides.
most likely is money game schemes as they give overriding commissions(spread), intro comissions and a lot of things.

even if u can withdraw the profits doesnt mean it's legit as it only takes the right amount of time before new members money cant cover for the payout. then bye bye broker close shop
trust me, i know ppl who does all these money game

anyway it's ur choice.
2k USD deposit to open forex broker, no office needed, just a few bank accounts and a website. u dare to transfer to these kind of broker ??

different countries different regulations
some brokers are listed companies, with audit and a whole lot more security deposit like USD 10mil and above in order to get the license compared to the above

This post has been edited by AllnGap: Nov 18 2016, 08:51 AM

Your analysis is wrong at all.

Igofx has real trade results and they are legit trades and not manipulated.

How I know - I used some tools to track and monitor live.

But I just invested USD100 with them since May and now I got 105%... It means USD200+ balance.

Don't ask me why I invested so little even I found out their results are legit..

One of the trick is company register to get license at the beginning. then do de-register after obtained license, and use the old license to claim they are registered in legal way. because the government database system is updated slower, public don't know the license they saw has been de-registered.

My brother was approached by his friend in this igofx.
So I spent some time doing some digging.

Even the statement is true do u dare to park your money on a 2k security deposit broker ??
With no office, no audit, all u deal with a local Malaysian and a website and online statement.

2,000 USD security deposit. I think ur trading account bigger than brokers deposit d right

That is why I parked $100 only.

But to be honest, the results are amazing.

The money game ppl expanded to do gold, bitcoin and now they even become forex broker.

Just ppl here never do their homework to dig deeper

Same to anther JxPPx

My bro forwarded their FXbook equity curve.
Basically one straight crawling up.

If broker can delete their own trades, what tools u can use to track that ?
Assuming broker is fake

My tool is very powerful... hahahaha Can't find any deletion so far...

manipulate price to hit TP ?

did u check their price chart same as other brokers ?

not really.... because I can follow their trades with my tool.

Igofx has the most unresponsive live chat i ever came across.... took forever to wait a reply from the support chat.

Need trading account password for withdrawal too... they shouldn't ask for it.... better change the password after each withdrawal.

I withdrew my deposit after made some profits... not feeling safe... spread was huge for some pair.

PAMM seems promising though... but i never invest.

Great to see another BBMA Oma Ally user here too

Because it is handled by local depositors to withdraw your funds...

why u joined such broker de? hahaha

i believe it is handled by 1 person only

Live chat = no people
email = never reply