The Financial Commission announced today that Vantage
Trading has been approved as its newest Member. Vantage Trading, an online
brokerage, joins the self-regulatory forum, reflecting growing interest in
external dispute resolution (EDR) services within the FX industry.
Client Protection with Membership
Following approval of its membership application, Vantage
Trading gains status as an Approved Broker Member. This status grants the
company and its clients access to various services and benefits, including
protection up to €20,000 per complaint through the Financial Commission’s
Compensation Fund.
The Financial Commission serves as an impartial mediation
platform for brokerages and their clients, facilitating resolution when direct
agreement on disputes proves challenging. This service offers a faster alternative to traditional regulatory channels like arbitration or
local courts, particularly for CFDs, forex , and cryptocurrency markets.
Vantage Trading now joins a group of brokerages and
independent service providers utilizing the Financial Commission’s services,
ensuring adherence to membership standards and commitment to client
satisfaction.
Vantage Trading operates globally as a multi-asset CFD
broker, offering a wide array of financial instruments such as forex, stocks,
commodities, indices, and ETFs. The company also provides educational
resources, demo accounts, and round-the-clock customer support.
Imposter Alert: Financial Scam
Earlier, the
Financial Commission updated its investigation into a recent scam involving
fraudulent individuals posing as representatives of the organization, as
reported by Finance Magnates. This deceptive scheme aimed to exploit traders by
impersonating The Financial Commission and offering false promises of funds
recovery and legal services for a fee.
Previously, on 15 December 2023, The
Financial Commission had issued a cautionary notice regarding these imposters. The investigation has revealed that these imposters target
traders experiencing difficulties with unauthorized brokers, issuing fraudulent
letters of guarantee and solicit fees under false pretenses.
Furthermore, they have misrepresented themselves using
contact information similar to legitimate digital asset wallet providers like
Blockchain.com and Coinwallet to deceive victims into paying for non-existent
services.
The Financial Commission emphasizes that it does not engage
in funds recovery or chargeback services, nor does it initiate contact with
traders through cold calls or emails. Legitimate communications from The
Financial Commission do not occur via messengers or social networks, and its
services for traders of member brokers are always provided free of charge.
The Financial Commission announced today that Vantage
Trading has been approved as its newest Member. Vantage Trading, an online
brokerage, joins the self-regulatory forum, reflecting growing interest in
external dispute resolution (EDR) services within the FX industry.
Client Protection with Membership
Following approval of its membership application, Vantage
Trading gains status as an Approved Broker Member. This status grants the
company and its clients access to various services and benefits, including
protection up to €20,000 per complaint through the Financial Commission’s
Compensation Fund.
The Financial Commission serves as an impartial mediation
platform for brokerages and their clients, facilitating resolution when direct
agreement on disputes proves challenging. This service offers a faster alternative to traditional regulatory channels like arbitration or
local courts, particularly for CFDs, forex , and cryptocurrency markets.
Vantage Trading now joins a group of brokerages and
independent service providers utilizing the Financial Commission’s services,
ensuring adherence to membership standards and commitment to client
satisfaction.
Vantage Trading operates globally as a multi-asset CFD
broker, offering a wide array of financial instruments such as forex, stocks,
commodities, indices, and ETFs. The company also provides educational
resources, demo accounts, and round-the-clock customer support.
Imposter Alert: Financial Scam
Earlier, the
Financial Commission updated its investigation into a recent scam involving
fraudulent individuals posing as representatives of the organization, as
reported by Finance Magnates. This deceptive scheme aimed to exploit traders by
impersonating The Financial Commission and offering false promises of funds
recovery and legal services for a fee.
Previously, on 15 December 2023, The
Financial Commission had issued a cautionary notice regarding these imposters. The investigation has revealed that these imposters target
traders experiencing difficulties with unauthorized brokers, issuing fraudulent
letters of guarantee and solicit fees under false pretenses.
Furthermore, they have misrepresented themselves using
contact information similar to legitimate digital asset wallet providers like
Blockchain.com and Coinwallet to deceive victims into paying for non-existent
services.
The Financial Commission emphasizes that it does not engage
in funds recovery or chargeback services, nor does it initiate contact with
traders through cold calls or emails. Legitimate communications from The
Financial Commission do not occur via messengers or social networks, and its
services for traders of member brokers are always provided free of charge.
This post is originally published on FINANCEMAGNATES.
