Rating Index
Pros
Offers a variety of trading instruments, including currencies, indices, shares, CFDs, and commodities.
Provides access to popular trading platforms like MetaTrader 5, enhancing user experience.
Regulated by the Vanuatu Financial Services Commission (VFSC), which may offer some level of oversight.
Cons
Suspected of being a scam broker, with numerous complaints regarding account freezing and withdrawal issues.
Hybrid broker model (A-book and B-book) may lead to conflicts of interest in trade execution.
Limited regulatory credibility compared to brokers regulated by more established authorities.
VNF broker Accounts
VNF Account Type
VNF offers various types of brokerage accounts to cater to different investor needs. The primary account types available include:
- Individual Trading Account: Designed for individual investors, allowing them to trade securities directly.
- Indirect Investment Capital Account (II CA): Required for foreign investors, this account enables trading through a local broker.
- Custody Account: For institutional investors, allowing them to hold securities with a custodian.
- Securities Trading Code: Necessary for opening trading accounts, particularly for foreign investors.
- Open an Indirect Investment Capital Account (II CA):
- Required at any commercial bank licensed for foreign exchange (e.g., BIDV, HSBC).
- Apply for Securities Trading Code:
- Submit the following documents:
- 01 original copy of the securities trading code application form.
- 01 original copy of the letter of authorization.
- 02 notarized copies of a valid passport.
- Open a Securities Trading Account:
- Provide:
- 02 original copies of the contract for account opening.
- 01 original copy of the securities trading code.
- 01 copy of valid passport.
- 01 original copy of the notarized power of attorney (if applicable).
- 01 original copy of the authorized person's valid passport.
- Open an Indirect Investment Capital Account (II CA): Same as above.
- Open a Custody Account: At a custodian member.
- Apply for Securities Trading Code: Submit similar documents as for individual investors.
- Appoint VNF as the Broker.
- Open a Securities Trading Account:
- Provide:
- 02 original copies of the contract for account opening.
- 01 legal copy of the business license.
- 01 original copy of the securities trading code.
- 01 legal copy of the ID card/passport of the legal representative.
- Additional documents if a trading representative is appointed.
VNF Broker Account Opening Process
To open an account with VNF, investors must follow a structured process:
For Foreign Individual Investors:
For Foreign Institutional Investors:
For more detailed information, visit VNF Account Opening.
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VNF accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .