Clients' funds are held in a segregated account with Australia's AA rated National Australia Bank (NAB). NAB are one of the 4 largest financial institutions in Australia with a market capitalisation of $93 billion and over 12 million customers, they constantly rank in the top 20 list of safest banks in the world.
KPMG is a global network of professional firms providing audit, tax and advisory services. KPMG conducts annual audits of Vantage FX financial reports and Australian Financial Services Licence (AFSL). KPMG also conduct quarter reviews of controls over client money (from September 2017 quarter). These audits and reviews are conducted in accordance with Australian auditing and assurance standards.
With a head office in Sydney, Australia, Vantage FX fully complies with strict financial regulations set out by the Australian Securities and Investment Commission (ASIC). Vantage FX strives to provide transparent and fair access to global Forex markets.
In accordance with ASIC Regulatory Guide RG126 and Section 912B of the Corporations Act, we have Professional Indemnity Insurance in place which covers the work done by our representatives, employees and authorised representatives.
Pricewaterhousecoopers, known as PwC for short, is the 2nd largest, multinational accounting firm in the world. PwC commenced supporting the internal finance function for the Vantage FX group as a whole in July 2017, meaning full business transparency in accounting is maintained at all times.
Vantage FX Pty Ltd ACN 140 903 886 is an Authorised Representative [no: 343547] of Vantage Global Prime Pty Ltd ACN 157 768 5661. Vantage Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Vantage Global Prime's Australian Financial Services Licence (AFSL) number is AFSL 428901.
ASIC regulators require licensed financial services providers to meet strict capital requirements, as well as to follow and employ internal procedures including risk management, regular staff training, financial compliance and strict auditing procedures.