FinCom Approves Vantage Application To Become A New Member

The Financial Commission (FinComm), an independent external dispute resolution (EDR) authority, granted Vantage, a Sydney-based brokermembership ,'s request on October 3rd.

Vantage was authorized for membership by FinComm on Friday, joining a varied collection of brokerages and independent service providers who utilize its services.

Vantage's acceptance comes three weeks after FinComm accepted Australia-based broker TMGM's membership application.

According to the member-driven self-regulatory body, Vantage's membership status entitles the broker and its clients to protection of up to €20,000 per lodged complaint, among other perks.

Vantage is one of numerous contracts for difference and forex brokers to join FinComm, the forex industry's first EDR. Over 40 forex brokers are members of the organization.

Existing members include well-known brands like as Cyprus-based Exness, St. Vincent and the Grenadines-based Alpari Group, and another Cyprus-based broker, ForexTime.

FinComm has just authorized Bold Prime, Fullerton Markets, Pepperstone, Agra Markets, and Inveslo as members.

Simultaneously, Montenegro-based broker GANN Markets resigned from the organization, while LordFX, Fiber Markets, and EGMarkets were ejected for contractual violations.

“The Financial Commission offers brokerages and their clients with an impartial third-party mediation platform that assists in the resolution of complaints when parties are unable to directly come to an agreement over disputes,” FinComm said.

Moneta Markets, a brokerage business founded in 2020, broke away from Vantage this month after gaining investor support to become independent.

The brokerage said that it has obtained regulatory licenses from Australia, South Africa, St. Vincent & the Grenadines, and the United Kingdom.

Meanwhile, Vantage has made moves in recent months to broaden its service offerings.

In July, the broker launched V Social, a new copy trading software for traders in the United Kingdom, stating that it aims to make trading more accessible to “young and ambitious traders.”

The firm has expanded its inventory of tradable equities by adding 14 share CFDs to its recent release of the electronic trading platform MetaTrader 5.

About Vantage

Vantage, one of Australia's major online brokers, provides a variety of trading options that allow customers to access the worldwide Forex market. Vantage is a key participant in the online broker field, with award-winning customer service and a focus to providing speedy transactions.

Vantage Global Prime Pty Ltd is represented by Vantage Vantage (Formerly Vantage FX). The firm was founded in 2009 as MTX Global before being renamed in 2015.

The site, which is registered in Australia, was created mainly for an Australian audience. However, the brand has subsequently developed and now has a worldwide user base.

Licensing and Regulations

ASIC, Australia's securities and investments regulator, has granted the firm a license. However, they have subsequently let their license expire and are now governed in the Cayman Islands.

About WikiFX

WikiFX is a forex trading search engine tool that allows consumers to check a broker's regulation and licence. The software also gives trading information from a certain broker. It also keeps track of complaints filed by brokers' traders.

Over 39,000 brokers, both licensed and unregistered, are listed on the network. WikiFX's staff has been collaborating with 30 financial authorities from across the world to address any trader queries and difficulties.

Check out for more of Vantage here: https://www.wikifx.com/en/dealer/0361345333.html

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