Financial Commission approves offshore FX broker ThreeTrader as a member
ThreeTrader is an offshore foreign exchange trading (FOREX) brokerage firm, incorporated and regulated in Vanuatu.
The Financial Commission has approved ThreeTrader as its newest member, effective December 19, 2022, thus allowing the company and its customers access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per the submitted complaint, backed by the Financial Commission’s Compensation Fund.
The independent external dispute resolution (EDR) organization, which is also known as FinaCom, provides brokerages and their customers with an unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.
The commission is supported by the Dispute Resolution Committee (DRC), which in turn is comprised of recognized industry professionals. All clients of members of the Financial Commission are protected by the Compensation Fund which acts as an insurance policy.
The Financial Commission also issues execution certifications for approved brokers as the industry-specific association attempts to reduce the number of execution-related disputes that occur before they progress into formal complaints.
ThreeTrader is an offshore FX broker offering leverage of up to 500:1
FinaCom mainly serves members and their clients participating in CFDs, foreign exchange (forex), and cryptocurrency markets, so they can experience a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
ThreeTrader is an offshore foreign exchange trading (FOREX) brokerage firm, incorporated and regulated in Vanuatu. The broker allows clients to access high leverage, of up to 500:1 and holds license VFSC 40430 from the Vanuatu Financial Services Commission.
There has been increased interest and demand for independent external dispute resolution (EDR) services among FX industry participants. ThreeTrader joins a diverse range of brokerages and independent service providers (ISPs) that utilize the services of the Financial Commission as part of their commitment to their clients while upholding membership requirements.
FinaCom approved Vida Markets last week
Vida Markets status as an Approved Broker Member of the Financial Commission took effect on December 12, 2022. The milestone follows the approval of its membership application by the Financial Commission, which gives their traders further assurance that they are offered services of high quality that comply with the standards of the commission.
The addition of Vida Markets to its member roster also provides stakeholders with access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per the submitted complaint.
Registered in St. Vincent and the Grenadines, Vida Markets offers a range of trading options, including Forex, contract-for-differences (CFDs), indices and bullion. The company is a registered trading name of Vida Global Markets LLC. VIDA is also authorised to provide services in the UAE under Sterling Financial Brokers, a firm that is Authorised and Regulated by the Securities and Commodities Authority (SCA).