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Public conditions of three CFD providers, read from their own official pages and from the CNMV. It is not a ranking, not an offer and not a recommendation: we found no EU entity for any of the three, and all three appear in CNMV warnings.

Data read on 2026-10-31

Read this first

Not investment advice. This content is informational and is not investment advice or a personal recommendation. It does not take into account your objectives, your situation or your experience. Check that a provider is authorised in your country before you use it.
Commercial relationship. This page contains no affiliate links and no links to any broker. Deepwick has introducing-broker agreements with the brokers listed here and may receive a commission if you open an account with one of them. That does not affect the data or the criteria below.
Risk warning. Trading leveraged products such as CFDs is complex and carries a high risk of losing money quickly because of leverage. Most retail accounts lose money with these products. For each CFD provider listed we show the percentage of retail accounts that lose money: the provider's own figure with its date and source when it publishes one, and ESMA's standard 74–89 % range when it does not. Only trade with money you can afford to lose and make sure you understand how the product works.
Spain: CNMV rules on CFD advertising. In Spain, the CNMV Resolution of 11 July 2023 restricts the advertising of CFDs to retail clients, including communications that redirect to a website offering them. For that reason this page links to no broker and carries no affiliate links to CFD or forex providers. Nothing here is an invitation to open an account or to trade.

How to read this table

  • Every datum shows the official page(s) it was read from and the date it was read. Sources are shown as text: this page links to no broker.
  • "Not published" means the provider does not publish it; "Not verified" means we did not find it on the official pages checked. Nothing is filled in from memory, comparison sites or third parties.
  • Licence numbers are the ones each provider declares: they were not confirmed in the regulator's register (see each row).
  • Spreads and commissions are indicative figures of the provider and change with the market. Check the current ones with the provider.
PU Prime
Vantage
VT Markets
Entities and regulators
PU Prime Limited: FSA Seychelles, SD050 (listed in the FSA register, which shows no number). PU Prime Ltd: FSC Mauritius, GB23202672. Also FSCA South Africa (FSP 52218), CMA UAE (20200000388) and ASIC Australia (AFSL 410681, Australian residents only). Numbers as declared by the broker.
Declared by the broker, not checked in the register
Source: https://www.puprime.com/regulation/ · https://helpcenter.puprime.com/hc/en-001/articles/360004365175-Which-regulatory-body-is-PU-Prime-regulated-by · https://fsaseychelles.sc/regulated-entities/capital-markets/ (read on 2026-10-31)
Vantage Global Limited: VFSC Vanuatu, reg. 700271 (the entity of the international site). Vantage Global Prime Pty Ltd: ASIC Australia, AFSL 428901. FSCA South Africa, FSP 51268. VIG Group: FSC Mauritius, GB20026165 on the homepage but GB24203446 in the client agreement (which also cites "FSC Ref GB20026165"). Numbers as declared by the broker.
The broker's own pages disagree
Source: https://www.vantagemarkets.com/about/contact-us/ · https://www.vantagemarkets.com/pdf/Vantage_Global_Limited_Client_Agreement_Aug_2025.pdf · https://www.vantagemarkets.com/pdf/MAU_VIG_Client_Agreement_May_2026.pdf · https://www.vantagemarkets.com/ (read on 2026-10-31)
VT Markets Limited: FSC Mauritius, GB23202269 (Full-Service Investment Dealer; the entity of the Spain/EU site). VT Markets (Pty) Ltd: FSCA South Africa, FSP 50865 (intermediary only). VT Markets (Pty) Ltd Dubai branch: CMA UAE, 20200000299 (introduction and promotion only). VTMarkets Ltd (Cyprus, HE436466): "does not offer regulated financial products or provide trading services". Numbers as declared by the broker.
Declared by the broker, not checked in the register
Source: https://www.vtmarkets.com/en-eu/regulation/ · https://www.vtmarkets.com/es-eu/regulation/ · https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
EU entity / Spain passport
No EU entity found. es.puprime.com carries a notice that PU Prime and its affiliated entities are neither established nor operating in the visitor's home jurisdiction (reverse solicitation). Offshore only.
Source: https://es.puprime.com/ · https://www.puprime.com/regulation/ · https://helpcenter.puprime.com/hc/en-001/articles/360004365175-Which-regulatory-body-is-PU-Prime-regulated-by (read on 2026-10-31)
No EU entity found. The international site says the account is opened with Vantage Global Limited (VFSC) and that it is not FCA-regulated. The UK entity (FCA) operates on a different site (vantagemarkets.co.uk).
Source: https://www.vantagemarkets.com/es/ · https://www.vantagemarkets.com/about/contact-us/ (read on 2026-10-31)
No EU entity found: the Cyprus company states it provides no regulated services. The only entity on the EU site's regulation page that provides trading services is the Mauritius one. Offshore only.
Source: https://www.vtmarkets.com/en-eu/regulation/ · https://www.vtmarkets.com/es-eu/regulation/ · https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
CNMV warnings
In the CNMV warnings list: 29/03/2021, "HTTPS://ES.PUPRIME.COM/".
Source: https://www.cnmv.es/portal/resultadobusqueda?lang=es&nombre=puprime&tipo=1 (read on 2026-10-31)
In the CNMV warnings list: 03/04/2023, "HTTPS://WWW.VANTAGEMARKETS.COM/ES-ES/ VANTAGE INTERNATIONAL GROUP"; 05/09/2022, "VANTAGE INTERNATIONAL GROUP LIMITED".
Source: https://www.cnmv.es/portal/resultadobusqueda?lang=es&nombre=vantage&tipo=1 (read on 2026-10-31)
In the CNMV warnings list: 07/10/2024, "HTTPS://WWW.VTMARKETS.NET/ES"; 02/08/2021, "WWW.VTMARKETS.COM/ES/".
Source: https://www.cnmv.es/portal/resultadobusqueda?lang=es&nombre=vtmarkets&tipo=1 (read on 2026-10-31)
Minimum deposit
USD 50 (Standard); USD 1,000 (Prime); USD 10,000 (ECN); USD 20 (Cent).
Source: https://www.puprime.com/account-types/ (read on 2026-10-31)
USD 50 (Standard STP and Raw ECN). Pro ECN: not verified.
Source: https://www.vantagemarkets.com/trading/accounts/ · https://www.vantagemarkets.com/trading/accounts/stp/ · https://www.vantagemarkets.com/trading/accounts/raw-ecn/ (read on 2026-10-31)
USD 100 (Standard STP and Raw ECN). Pro ECN: not verified.
Source: https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ · https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
Account types
Standard, Prime, ECN, Cent; Islamic option.
Source: https://www.puprime.com/account-types/ (read on 2026-10-31)
Standard STP, Raw ECN, Pro ECN, Cent, Swap-Free.
Source: https://www.vantagemarkets.com/ · https://www.vantagemarkets.com/trading/accounts/ (read on 2026-10-31)
Standard STP, Raw ECN, Pro ECN, Swap-Free, Cent, Demo.
Source: https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
Typical spread, EURUSD
Average: 1.3 pips (Standard), 0.0 pips (Prime), "for reference only, subject to change". No average published for ECN.
Source: https://helpcenter.puprime.net/hc/en-gb/articles/5219328525327-What-is-the-average-spread-on-EURUSD (read on 2026-10-31)
No figure published for EURUSD. Account minimums: Standard STP from 1.0 pips (accounts page; the homepage FAQ says 1.1), Raw ECN from 0.0 pips.
Not published
Source: https://www.vantagemarkets.com/trading/accounts/ · https://www.vantagemarkets.com/ (read on 2026-10-31)
No figure published for EURUSD. Standard STP "from 1.2 pips" on its page but 1.4 in that page's FAQ; Raw ECN from 0.0 pips.
Not published
Source: https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ (read on 2026-10-31)
Typical spread, XAUUSD
Average: 3.0 pips (Standard), 0.8 pips (Prime), "for reference only, subject to change". No average published for ECN.
Source: https://helpcenter.puprime.net/hc/en-gb/articles/5219313989775-What-is-the-average-spread-on-Gold (read on 2026-10-31)
0.75 pips, "indicative, last updated 11 July 2025" (over 15 months old on the date it was read).
Source: https://www.vantagemarkets.com/ (read on 2026-10-31)
Not seen on the official pages checked.
Not verified
Source: https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ (read on 2026-10-31)
Commission per lot
Standard: none (spread only). Prime: USD 3.50 per side per lot (USD 7 round turn). ECN: USD 1 per side per lot (USD 2 round turn).
Source: https://www.puprime.com/account-types/ (read on 2026-10-31)
Standard STP: none (spread only; some share/ETF CFDs excepted). Raw ECN: USD 3.00 per lot per side (USD 6 round turn). Pro ECN: from USD 1.50 per side.
Source: https://www.vantagemarkets.com/trading/accounts/ · https://www.vantagemarkets.com/ (read on 2026-10-31)
Standard STP: USD 0. Raw ECN: USD 6 per round turn. Pro ECN: not verified.
Source: https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ · https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
Maximum leverage (EU retail vs offshore)
EU retail (ESMA 30:1): does not apply, there is no EU entity. Offshore: options 1:100 to 1:1000, default 1:500, subject to product-specific leverage.
Source: https://helpcenter.puprime.com/hc/en-001/articles/14203766022159-What-is-the-leverage-of-PU-Prime · https://www.puprime.com/account-types/ (read on 2026-10-31)
EU retail (ESMA 30:1): does not apply, there is no EU entity. Offshore: 100:1 to 500:1.
Source: https://global.vantagehelpcenter.com/hc/en-us/articles/12492715147279-What-leverage-options-are-available-at-Vantage (read on 2026-10-31)
EU retail (ESMA 30:1): does not apply, there is no EU entity. Offshore: up to 500:1 (Standard STP and Raw ECN).
Source: https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ (read on 2026-10-31)
Platforms
MT4, MT5, PU Web Trader, PU Prime app. TradingView: not stated on the official pages checked.
Source: https://www.puprime.com/account-types/ · https://www.puprime.com/web-trader/ (read on 2026-10-31)
Vantage app, web trading, MT4, MT5, TradingView.
Source: https://www.vantagemarkets.com/ · https://www.vantagemarkets.com/trading/accounts/ (read on 2026-10-31)
VT Markets app, MT5, MT4, web trading (TradingView per its account pages).
Source: https://www.vtmarkets.com/en-eu/platforms/ · https://www.vtmarkets.com/en-eu/standard-stp/ · https://www.vtmarkets.com/en-eu/raw-ecn/ (read on 2026-10-31)
Instruments
1000+ instruments.
Source: https://www.puprime.com/account-types/ (read on 2026-10-31)
1,000+ CFDs: forex (60+ pairs), indices, commodities, share CFDs, ETFs and cryptocurrencies.
Source: https://www.vantagemarkets.com/trading/accounts/ (read on 2026-10-31)
1,000+ instruments.
Source: https://www.vtmarkets.com/en-eu/tradingaccounts (read on 2026-10-31)
Negative balance protection
A negative balance with no open positions is adjusted to zero automatically, "in accordance with the applicable conditions".
Source: https://helpcenter.puprime.trading/hc/en-001/articles/14644757490831-What-is-Negative-Balance-Protection (read on 2026-10-31)
"To eligible clients"; depends on the entity and account type.
Source: https://www.vantagemarkets.com/academy/negative-balance-protection/ · https://global.vantagehelpcenter.com/hc/en-us/articles/10573019826063-How-can-I-resolve-a-negative-balance (read on 2026-10-31)
Discretionary: the Mauritius client agreement (Dec 2025, clause 11) says VT Markets "may, at its discretion" credit a negative balance caused by a market gap, for Private Clients only and with exclusions.
Source: https://www.vtmarkets.com/files/VT_Mauritius_Client_Agreement.pdf · https://www.vtmarkets.com/en-asia/discover/what-is-negative-balance-protection-and-how-it-works/ (read on 2026-10-31)
Client funds
Client funds segregated; Lloyd's cover of up to USD 1,000,000 (per es.puprime.com). Margin call 50%, stop-out 20%.
Source: https://es.puprime.com/ · https://www.puprime.com/account-types/ (read on 2026-10-31)
Client funds segregated; excess-of-loss insurance (WTW) of up to USD 1,000,000 per claimant.
Source: https://www.vantagemarkets.com/ · https://www.vantagemarkets.com/about/contact-us/ (read on 2026-10-31)
"USD 400 million safeguarded" and insurance of up to USD 1,000,000, as stated by the broker.
Source: https://www.vtmarkets.com/en-eu/regulation/ · https://www.vtmarkets.com/es-eu/regulation/ (read on 2026-10-31)
Deposits and withdrawals
Deposits: credit card, Apple Pay, international bank transfer, crypto, Perfect Money, Astropay, Sticpay, Bitwallet, Fasapay, Neteller (more local methods in other regions). Withdrawals: bank wire, local bank transfer, credit/debit card, e-wallets; varies by region and currency. Methods available to Spain: not verified.
Source: https://helpcenter.puprime.trading/hc/en-001/sections/11572004455439-Deposits · https://helpcenter.puprime.trading/hc/en-001/articles/13796988025359-What-withdrawal-methods-are-supported (read on 2026-10-31)
Deposits (help centre, not specific to Spain): credit card, international and local bank transfer, e-wallet, crypto, Apple/Google Pay, broker-to-broker transfer. Withdrawal methods: not verified.
Source: https://apac.vantagehelpcenter.com/hc/en-us/sections/11617568325391-Deposit (read on 2026-10-31)
Withdrawals return to the source of the deposit, same name; generally processed in 1 business day, received in 1 to 7 business days (bank wire 3 to 5). VT Markets pays the merchant fees of e-wallets and cards. Methods named: credit/debit card, bank wire, Skrill, Neteller, e-wallets. Full list for Spain: not verified.
Source: https://www.vtmarkets.com/en-eu/deposit-withdrawal-policy/ (read on 2026-10-31)
Retail accounts that lose money
Not found on the official pages checked.
Not verified
Source: No page found (read on 2026-10-31)
Not published on vantagemarkets.com (international site).
Not published
Source: https://www.vantagemarkets.com/ (read on 2026-10-31)
Not seen on the official pages checked.
Not verified
Source: No page found (read on 2026-10-31)

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