FXTRADING.com accounts are regulated by two main authorities, the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). The regulation under which your account falls depends primarily on your country of residence at the time of account registration.
Regulatory Authorities for FXTRADING.com Accounts
ASIC Regulation (Australian Residents Only) - Australian residents who register with FXTRADING.com are regulated by ASIC through Gleneagle Securities Pty Ltd. ASIC is a robust regulatory body ensuring compliance with stringent financial laws and safety guidelines within Australia. The responsible body for this regulation operates under Australian Financial Services License (AFSL) 337985.
VFSC Regulation (Non-Australian Residents) - Non-Australian residents who register with FXTRADING.com are regulated by the VFSC. This offshore regulatory body is authorized to oversee international client accounts under FXTRADING.com (Company No. 40256). The VFSC jurisdiction is designed to provide regulatory oversight for global traders operating outside Australia.
Residency Requirements and Account Jurisdiction
Australian Residents: Only Australian residents are eligible to open accounts regulated by ASIC.
Non-Australian Residents: Individuals who reside outside Australia are required to open accounts regulated under the VFSC. Non-residents cannot choose ASIC as their regulatory authority, as this option is restricted to Australian residents. This segmentation ensures that the regulatory frameworks match the residency and geographic coverage of the respective regulatory bodies.
Important Notes for International Clients
If you are a non-Australian client, your account will automatically fall under the VFSC jurisdiction during the registration process. This process is designed to simplify compliance and ensure that international clients are governed by appropriate regulation.
By determining your residency and registration status, you can clearly understand whether ASIC or VFSC governs your FXTRADING.com account. For further verification or inquiries, consider reaching out to FXTRADING.com support to confirm the specifics of your account jurisdiction.