Consob set to Restrict Access to Certain Companies in Italy
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The Italian financial market regulator Consob recently updated its warning list and also announced that it had stopped certain companies, including Vantage Markets, from being accessed in Italy.
In an email statement, the broker addressed the recent actions of the Italian regulator and accepted that it doesn’t conduct business from this or any other place where it doesn’t have the right licenses.
Vantage Aims To Maintain Regulatory Compliance
Consob frequently utilizes its authority to direct internet service providers to impede access to websites that are under suspicion of engaging in criminal activities. Once again, the regulator recently exercised this measure, restricting access to an additional five websites, bringing the total number blocked over the past five years to more than 1,060.
Interestingly, among them was the Vantage-Markets.com website, which is owned by Vantage Global Limited. According to the information, the broker is aware of being added to this list, and its team finds it to be a matter of great concern.
The CFD brokers also emphasized that Vantage Markets does not actively seek business from regions where it lacks the necessary licenses to operate, including but not limited to Italy. This statement indicates that Vantage Global Limited refrains from offering services in areas where it lacks authorization.
Vantage Markets Seeks To Provide Its Customers With Expanded Trading Opportunities
Presently, the firm holds licenses issued by The Financial Sector Conduct Authority of South Africa (FSCA) and the Vanuatu Financial Services Commission (VFSC). Additionally, it holds a license from the Australian Securities and Investments Commission (ASIC).
In addition, Vantage added in its statement that it is an organization that is dedicated to responsible and professional conduct. It wants to confirm that Vantage Markets operates in complete adherence to the regulatory guidelines established by our governing bodies, specifically the VFSC, FSCA, and ASIC.
Furthermore, the firm can validate this stance by attempting to access the Vantage website from an unregulated jurisdiction. Upon trying to do so, a prompt immediately appears, stating that “Vantage and its affiliated firms do not function in your home jurisdiction.”
Additionally, apart from settling legal disputes, the broker has recently made significant progress in improving its services. Vantage Markets has taken a decisive step by unveiling a comprehensive integration with the extensively used charting platform TradingView, aiming to offer its customers expanded trading opportunities.
