Moneta Markets Obtains ASIC License After Separating from Vantage

Fazzaco learned that Moneta Markets, a retail FX and CFDs broker, has separated from Vantage and obtained a license from the Australian Securities and Investments Commission (ASIC) to operate in Australia.

"Since its inception, the intention has always been to build Moneta Markets into a brand that can operate on its own. The technological and infrastructural support of the Vantage Group, in the beginning, was vital in helping us launch and become a serious market contender, as well as in achieving our independence. And, it was instrumental in enabling Moneta to attract investors who want to be involved in our growth journey,"David Bily, Founder and CEO of Moneta Markets, said.

"Now, with our ever-increasing range of products, our continuous effort to improve our offering, and an enthusiastic group of investors supporting us, we are on track to build Moneta Markets into a position where it can become the preferred retail FX and CFD broker of choice around the world."

Operating under the Vantage Group for three years, Moneta Markets will offer its services to the large Australian market in the coming months. In addition to the Australia Financial Services license, Moneta Markets also holds regulatory approvals in South Africa and St. Vincent and the Grenadines.

The news comes after the broker added 51 new real and leveraged ETFs for its clients, bringing the total number of tradable products available on the platform to 1000+.