FXTRADING.com: A Closer Look at Its Licenses

When choosing a broker, its important to check if they are properly licensed and regulated. FXTRADING.com is a broker that holds licenses from both Australia and Vanuatu. This article explains what those licenses mean and what traders should know.

FXTRADING.com is licensed by the Australian Securities and Investments Commission (ASIC). This is the main financial regulator in Australia. ASIC checks that companies follow the law and protect customers. FXTRADING.com holds ASIC license number 000337985, and it is listed as a Market Maker (MM). This type of license allows the broker to set its own prices and take the other side of trades.

The company is also licensed by the Vanuatu Financial Services Commission (VFSC). This is the financial authority in Vanuatu, an offshore location often used by international brokers. The VFSC license number is 40256, and it is listed as a Retail Forex License. This license is also marked as regulated.

Having licenses in two countries gives FXTRADING.com a broader reach. The ASIC license means the broker must follow strict rules, especially around handling customer money and fair trading. The VFSC license allows the company to serve international clients under a more flexible regulatory system.

According to WikiFX, a global broker regulatory query platform, FXTRADING.com has a WikiScore of 8.67 out of 10. This score is based on multiple factors, such as license validity, platform operation, business transparency, and user feedback. The score indicates that FXTRADING.com is considered to be operating within a relatively structured regulatory environment.

Traders and investors can also use WikiFX‘s free mobile application, which plays a crucial role in verifying the legitimacy of brokers and financial platforms. WikiFX provides an extensive database of global broker profiles, regulatory status updates, and user reviews, enabling users to make informed decisions before committing to any financial investment. Its risk ratings and alerts for unlicensed or suspicious entities help investors identify red flags and avoid potential scams. By leveraging tools like WikiFX to research a broker’s background, individuals can safeguard their savings and minimise the risk of falling victim to fraudulent schemes.