Mauritius FSC warning: VTB Trade fake broker license

The financial regulator of Mauritius warned the public against Binary Options broker VTB Trade. The broker has presented VTB Trade fake broker license.

29 May, AtoZ Markets The Financial Services Commission of Mauritius (FSC) has issued a warning against the Binary Options broker. Specifically, the Mauritius regulator has warned the public against dealing with VTB Trade.

VTB Trade fake broker license

The financial regulator of Mauritius has issued an alert for the public, stating:

‘The Financial Services Commission, Mauritius (the “FSC Mauritius”) would like to alert the public with regards to VTB Trade claiming to be an international company that provides its customers with the most advanced services on the world financial market.’

The regulator states that the entity is claiming to have its contact details as Global Service Headquarters, The Financial Services Centre, Berkshire House, Holborn, London, WC1V, floor 11.

The FSC Mauritius has also stated that the firm is falsely claiming to have the trading license from the regulator. Moreover, the VTB Trade presents the false document on its official website. Please see the document attached below.

Mauritius FSC warning VTB Trade fake broker license

Presently, the firm is stating that it has an ‘FX Trade Licence pursuant to Section 14 of the Financial Services Act 2007 and the Financial Services (Consolidated Licensing and Fees) Rules 2008’. However, the regulator states that it has never issued a license for the VTB trade. Thus, the FSC Mauritius urges the investors’ community to exercise extreme caution in regards to the VTB Trade.

Want to trade Forex safely? Open a free account with AtoZ Markets approved forex brokers:
95/100 Review
Visit Site
XTB Review
Visit Site
IronFX Review
Visit Site


About regulator

The Financial Services Commission, Mauritius is the financial regulator of the non-bank financial services sector and global business in the country. It was established back in 2001. Since then, the FSC is operating under the Financial Services Act 2007 and the legislations of the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012.

The regulator is licensing, regulating, monitoring and supervising the conduct of business activities in these sectors. According to the information from its official website, the Financial Services Commission is aiming to:

  • promote the development, fairness, efficiency and transparency of financial institutions and capital markets in Mauritius;
  • suppress crime and malpractices so as to provide protection to members of the public investing in non-banking financial products;
  • and ensure the soundness and stability of the financial system in Mauritius.

Should you trade Forex on your own at all?

Before you start trading Forex, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.



His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.


Want to see which ones?


Leave a Reply

Your email address will not be published. Required fields are marked *