The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:Suspicious Clone
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：17921
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Most visited countries/areas
The data are from WIKI Research 2021.09.25 updated
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Basic Information & Regulator of FGMarkets
FGMarkets is a domain operated by Glastrox Trade Ltd. and is an STP broker. There doesn't show any regulation-related information on its official website, which means FGMarkets is an unregulated broker.
Safety Analysis of FGMarkets
The most important factor in measuring the safety of a foreign exchange trading platform is whether it is regulated by formal regulators. FGMarkets is an unregulated broker, which means that investors' trading activities and fund safety cannot be effectively protected. Investors should pay attention to avoid the FGMarkets brokerage.
Investors can trade foreign exchange currency pairs, indices, stocks, commodities, and bonds through FGMarkets foreign exchange trading platform.
Accounts & Leverage of FGMarkets
FGMarkets provides investors with three different kinds of accounts, which are Live Accounts, Live Premium Accounts, and Demo Accounts. Investors with Live Accounts can enjoy 24/5 customer service and deposit and withdraw foreign currency cash quickly and reliably. Traders in Live Premium Accounts have access to the above services and personal trading experts who are always available to help investors with their investment portfolios. Demo Accounts are for beginners only to get acquainted with the financial market trading environment and trading strategies. The trading leverage is 1:500 for Forex currency pairs, 1:25 for stocks, 1:100 for bonds, 1:100 for commodities, 1:50 for natural gas, and 1:50 for indices.
Commissions of FGMarkets
The commission for Forex trading is 10 USD (per side) per lot and for commodities trading is 10 USD (per side) per lot. The commission for trading soybeans is USD 100 (per side) per lot. The commission for trading stocks is $5 (per side) per lot, for trading bonds $10 (per side) per lot, and for trading indices $25 (per side) per lot.
Trading Platform Available
FGMarkets provides traders with trading platforms for Android & iOS systems, the widely acclaimed MT4 trading platform in the market, and a web-based trading platform to meet a wide range of traders' needs, allowing traders to trade easily anytime and anywhere.
Deposit and Withdrawal of FGMarkets
FGMarkets welcomes traders to deposit and withdraw funds via VISA & MASTERCARD credit/debit cards and wire transfer. The minimum deposit is 100 USD/ EUR/ GBP. It takes about 24 hours for credit/debit cards to be credited and about 1-2 working days for wire transfer deposits to be processed.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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