Increasing investor confidence is key to maintaining market stability. However, in times of pandemic, recession, war and other negative occurrences, investor confidence is likely to shift into lower gears. Therefore, effective regulation is needed to ensure fairness and accountability in financial market activities. In realizing this, Doo Prime has acquired a broad range of financial licenses from top authorities worldwide to create a stable trading environment for more than 60,000 clients globally.
As an international online broker, Doo Prime operates its business according to its “Clients Come First” culture. It always ensures continued growth in investor awareness of financial licensing as it is their rights to know when engaging a trading company. In this article, Doo Prime would like to share about its Financial Dealers License issued by one of the top financial regulators in the world, the Vanuatu Financial Services Commission (VU FSC).
From this article, investors will get an idea of the functions of the regulator and how to undergo the license verification process of a company.
About the VU FSC
The Vanuatu Financial Services Commission (VU FSC) is a financial regulatory authority established in 1993. Mandated under the Vanuatu Financial Services Commission Act No. 35 of 1993, the main function of VU FSC is to regulate and supervise the non-deposit taking financial services industry of Vanuatu, preventing the public from fraud and loss.
In accordance with government legislation and international standards, the VU FSC has been undertaking institutional reform in terms of enhancing corporate governance standards, supervisory capabilities, and organizational structure. The authority has strict requirements for financial dealers. For instance, a licensed dealer must observe high standards of integrity in the conduct of its business, such as implementing internal policies to hinder any kind of market misconduct. On top of that, a licensed dealer is required to install well-documented procedures for the processing of client complaints.
With that said, to be licensed by the VU FSC has demonstrated the strength of Doo Prime in the industry, and moreover, its dedication to protecting clients from financial risks.
In order to let clients learn more about the license details, Doo Prime has prepared guidelines on the license verification procedures.
How To Identify And Verify Financial Firms Regulated By The VU FSC:
You may perform the verification through a search on VU FSC Services Register. Let’s use Doo Prime Vanuatu Limited as an example here.
Step 1: Please visit the VU FSC’s official website at www.vfsc.vu
Step 2: Please click on “Financial Dealers License”
Step 3: You will be redirected to the “Financial Dealers Licensing Act [CAP 70] and Amendments” page.
Step 4: Scroll down to “List of Licensees” and click on “Financial-Dealers-Licensee-List-Dated-October-2022″
Step 5: The name of “Doo Prime Vanuatu Limited” will be shown in the list, including its company number and license status.
The Vanuatu Financial Dealer’s License is granted under the Financial Dealers Licensing Act. Doo Prime strictly follows the relevant rules and regulations to maintain the integrity of its operation.
A properly certified financial services company will have these legal details shown and detailed on the VU FSC Register when one performs the check.
Doo Prime will continue to strive and do its utmost to ensure the safety and soundness of the trading environment.
About Doo Prime
Doo Prime is an international pre-eminent online broker under Doo Group, which strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Commodities, Stock Indices, and Funds. At present, Doo Prime is delivering the finest trading experience to more than 60,000 professional clients, with an average trading volume of more than USD51.223 billion each month.
Doo Prime entities respectively holds the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 10 different currencies. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple industry-leading trading terminals such as MT4, MT5, TradingView, and InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
Europe : +44 11 3733 5199
Asia : +852 3704 4241
Asia – Singapore: +65 6011 1415
Asia – China : +86 400 8427 539
Technical Support: [email protected]
Sales Representative: [email protected]
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