VFSC Regulated Brokers – Are They Any Good?
VFSC is an abbreviation for Vanuatu Financial Services Commission. It is a financial regulator responsible for upholding the country’s financial laws and holds any wrongdoers in this industry accountable for their actions. One of the many sectors that the VFSC regulates is the foreign exchange market. This means that any forex broker registered in Vanuatu has to directly report to the VFSC and operate based on outlined guidelines.
According to the VFSC website, this organization was founded in 1993 and is the leading authority in regulating financial markets and services in Vanuatu.
VFSC was established after the act of 1993. It is in charge of administering several tasks and pieces of legislation, including, Business Names ACT, companies, E-Business, Credit Union ACT, International Banking, Electronic Transactions, Financial Institutions, Anti-Money Laundering, and Counter-Terrorism financing, Mutual Funds, Parnetsrhip, Trade Union, Offshore Limited Partnerships, Declare in Securities (Licensing), and so forth.
Moreover, VFSC as an authority is responsible for controlling VFSC-registered Forex brokers. So, how are they regulated? What are the main things that you need to know about VFSC to decide whether it is worth it to start trading with these authority-regulated FX brokers or not? You can get further information as well as a list of the best VFSC-registered forex brokers further into this guide.