Exclusive: Vantage FX Announces Exit from Mainland China

Fazzaco Exclusive... Fazzaco has learned that the leading regulated broker Vantage FX released today an official announcement stating that it is stopping taking clients from mainland China given the change of regulatory rules in certain areas.

"Vantage FX has stopped offering account opening service to traders in mainland China, and its platform would not be available for deposit since 27 January 2021. Withdraw services, however, would continue to be available," said the global broker in its announcement. "Begining at 23:00 Vantage FX's Chinese server time on 9 March 2021, traders in mainland China will only be allowed to close open orders. New orders will no longer be accepted."

Worried about the uncertain regulatory environment of mainland China,  combined with the impact of ASIC product intervention order, many international brokers announced exit from mainland China in recent months, including Oanda, IG, ETO Markets, IFGM, and etc.