FNG Exclusive… FNG has learned that Retail FX and CFDs broker Moneta Markets is set to break into the UK online trading market, acquiring FCA licensed broker VIBHS Financial Ltd.
VIBHS has been fairly inactive the past few years, posting revenues of just £358K in FY2025 (12 months ended March 31, 2025). VIBHS is being acquired from Dubai based Indian businessman Piyushkumar (Piyush) Parekh. The company has held an FCA license since 2014.
Moneta Markets, which recently became the sponsor of Atlético de Madrid in APAC, was originally spun off of Australia based online broker Vantage in 2020, and is led by former Vantage CMO David Bily (pictured above). Moneta initially operated as an offshore brand of Vantage, domiciled in Saint Vincent and the Grenadines. Since then the company has received a Financial Service Provider (FSP) license in South Africa, and as noted is now licensed in the UK. Moneta is managed mainly from Dubai.
