VT Markets obtains Financial Commission’s membership

abdelaziz Fathi

Multi-asset brokerage firm VT Markets has been granted membership of the Financial Commission, marking the most recent inclusion into the ranks of this self-regulatory organization.

20221215_VTMarkets_PR_1200x628px

VT Markets status as an Approved Broker Member of the Financial Commission was effective from January 30, 2024, following the acceptance of their membership application by the Financial Commission. The accreditation assures traders that they are receiving services that adhere to the commission’s quality standards.

The addition of VT Markets as an Approved Broker Member offers stakeholders access to various benefits and services, including protection of up to €20,000 per complaint submitted.

VT Markets is a regulated multi-asset broker providing access to a wide range of financial instruments, with operations across various entities authorized and registered in different jurisdictions:

  1. VT Global Pty Ltd is authorized and regulated by the Australian Securities & Investments Commission (ASIC) and holds an Australian Financial Service Licence (No.516246).
  2. VT Global South Africa (Pty) Ltd is an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50865.
  3. VT Markets LLC is registered under the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) with registration number 673 LLC 2020.

In 2023, VT Markets introduced notable enhancements for its customers, including integration with TradingView and Acuity Trading’s Signal Centre. Additionally, clients in Southeast Asia now have access to leverage up to 1000:1.

The Financial Commission is an independent international service that offers the resolution of disputes with the aim of resolving trader-broker conflicts. The commission is supported by the Dispute Resolution Committee (DRC), which in turn is comprised of recognized industry professionals. It operates as an independent international service that helps facilitate a simpler resolution process than through typical regulatory channels, such as arbitration or local court systems.

All clients of members of the Financial Commission are protected by the Compensation Fund which acts as an insurance policy. The organization 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.

  • Read this next

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    Digital Assets

    FTX cleared to sell $1 billion stake in AI outfit Anthropic

    A Delaware bankruptcy court just approved a plan allowing the now-defunct FTX and its creditors to offload the exchange’s $1 billion stake in AI outfit Anthropic.

    <