The Financial Commission has authorized ThreeTrader as a member
ThreeTrader is a Vanuatu-based brokerage company for offshore foreign exchange trading (forex).
With the Financial Commission’s approval, ThreeTrader will be able to access a variety of services and membership advantages, including, but not limited to, protection for up to €20,000 per reported complaint, guaranteed by the Financial Commission’s Compensation Fund, beginning on December 19, 2022.
When parties are unable to resolve problems directly, the independent external dispute resolution (EDR) organization, also known as FinaCom, offers brokerages and their clients a neutral third-party mediation platform that aids in the resolution of complaints.
The Dispute Resolution Committee (DRC), which is made up of reputable business professionals, supports the commission.
The Compensation Fund serves as an insurance policy for all clients of Financial Commission members.
In an effort to decrease the number of execution-related disagreements that end up as official complaints, the industry-specific association works with the Financial Commission to offer execution certifications for licensed brokers.
The primary purpose of FinaCom is to provide members and their clients who participate in the CFDs, foreign exchange (forex), and cryptocurrency markets with a faster, more straightforward alternative to the traditional regulatory channels of arbitration or local court systems.
ThreeTrader is a Vanuatu-based offshore forex broker that possesses a license from the Vanuatu Financial Services Commission and thus can provide high leverage up to 1:500.
Participants in the foreign exchange (FX) market have shown a greater interest in and need for independent external dispute resolution (EDR) services.
As part of their dedication to their clients and compliance with membership standards, ThreeTrader joins a wide spectrum of brokerages and independent service providers (ISPs) that make use of the Financial Commission’s services.
FinaCom also recently approved Vida Markets.
On December 12, 2022, Vida Markets officially became a member of the Financial Commission as an approved broker. The achievement comes after the Financial Commission granted its membership application, giving their traders additional security that the services they are receiving are of a high caliber and adhere to the commission’s criteria.
Stakeholders now have access to a variety of services and membership advantages, including protection up to €20,000 per submitted complaint, as a result of Vida Markets’ accession to its membership roster.
The St. Vincent and the Grenadines based Vida Markets provides a selection of trading alternatives, including bullion, indices, contract-for-differences (CFDs), and forex. A registered trading name of Vida Global Markets LLC is the business. Under Sterling Financial Brokers, a business that is authorized and regulated by the Securities and Commodities Authority, VIDA is also permitted to offer services in the United Arab Emirates (SCA).
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