TMGM Partners with VFSC for Symposium on Class D License, Prepares to Obtain Accreditation

<p>TMGM, a global leader in online trading and investment services, is thrilled to announce its sponsorship of the VFSC Symposium on Virtual Assets. Organized by the Vanuatu Financial Services Commission (VFSC), this prestigious event will gather industry professionals and regulators to explore the latest developments in financial services and shed light on the significance of the Virtual Asset. TMGM has participated in the symposium, showcasing its unwavering commitment to regulatory compliance and its ongoing efforts to obtain this category of license.</p><p>Image includes (from right to the left): Dr. Michael HILILAN – Reserve Bank of Vanuatu / VFSC Board Member, Member from TMGM Group, Member from TMGM Group, Arnold Kiel LOUGHMAN – Attorney General (AG), Branan KARAE – VFSC Commissioner, Hon. John Salong DAMASING – Minister of Finance &amp; Economic Management, Johnny WILSON – TMGM Vanuatu local director</p><p>The VFSC Class D License is a new class of license which requires licensees to have A, B &amp; C license categories first granted by the Vanuatu Financial Services Commission. Financial Dealers who wish to obtain this class D license must meet the stringent regulatory requirements and ensure transparency, security, and fair-trading practices on Digital Assets/Virtual Assets. </p><p>The licensing requirements sets forth a comprehensive framework that licensed entities must adhere to in order to maintain compliance and protect the interests of investors whilst adhering to global best practices including AML/CTF requirements from the international standard setter FATF. The license permits companies to offer a wide range of financial services, including online trading, to clients worldwide. It is renowned for its robust framework, which ensures investor protection, transparency, and adherence to global compliance standards.</p><p>VFSC CHAIRMAN – Edward Nalyal MOLOU speaking on the day</p><p>As part of its dedication to maintaining the highest standards of integrity and client security, TMGM is actively working towards fulfilling the stringent criteria set by the VFSC for the Class D license. The company is committed to implementing robust risk management practices, adopting advanced technological solutions, performing ethical business conduct, and maintaining financial stability and strict compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. By participating in the symposium, TMGM aims to showcase its commitment to responsible trading practices, financial transparency, and regulatory compliance. The company's partnership with the VFSC in this symposium is a testament to its unwavering focus on providing a safe and secure trading environment for its clients.</p><p>Image includes: Joshua Tari NAKO – Manger VFSC Supervision Department, Martin St-HILAIRE – TitanFX, James HUDSON – Explore Global, Dephney SUMSUM – Solaris Markets, Johnny WILSON – TMGM Group, Dominique DABU – Deriv</p><p>TMGM boasts a wide range of strengths that position it as a leading online trading provider in the industry. Powered by cutting-edge technology and advanced trading tools, TMGM offers clients a seamless and intuitive trading experience. The user-friendly interface and intuitive platform grants access to a diverse array of financial instruments, including forex, commodities, indices, and cryptocurrencies, enabling traders to capitalize on global market opportunities.</p><p>Additionally, TMGM is renowned for its competitive pricing, offering tight spreads and low commissions. The company's commitment to transparent pricing ensures that clients can trade with confidence, knowing they are getting the best possible market rates. Furthermore, TMGM places great emphasis on customer support, providing clients with 24/7 multilingual assistance from a team of experienced professionals. TMGM's commitment to exceptional customer service has resulted in a loyal and growing client base, further solidifying its position as a trusted provider in the industry.</p><p>TMGM's dedication to regulatory compliance is exemplified by its numerous licenses and partnerships with respected regulatory bodies worldwide. In addition to its pursuit of the VFSC Class D License, TMGM is already regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand. These licenses further reinforce TMGM's commitment to providing a secure and trustworthy trading environment for its clients.</p><p>As TMGM prepares to apply for the VFSC Class D license, it remains steadfast in its mission to uphold the highest standards of professionalism, integrity, and transparency. The company's sponsorship of the VFSC symposium underscores its commitment to regulatory compliance and its desire to foster industry-wide discussions to promote best practices.</p><p>TMGM looks forward to actively participating in the symposium and engaging with industry experts, regulators, and fellow market participants. Through this event, TMGM aims to contribute to the ongoing discussions on regulatory frameworks, best practices, and emerging trends in the financial services industry.</p><p>About TMGM:</p><p>TMGM is a leading global provider of online trading and investment services. With a strong focus on regulatory compliance, technological innovation, and exceptional customer service, TMGM empowers traders to access global markets, seize opportunities, and achieve their financial goals with a secure and user-friendly trading environment. The company is deeply committed to regulatory compliance and holds licenses from renowned authorities such as ASIC and FMA. Meanwhile, TMGM is actively preparing to apply for the VFSC Class D license, further solidifying its position as a trusted provider in the industry. For more information, visit www.tmgm.com.</p><p>Disclaimer</p><p>The document is provided by TMGM (Trademax Australia Limited, ABN 76 162 331 311, AFSL 436416, Trademax Global Markets (NZ) Limited, Company No. 6358657, FSP 569807, Trademax Global Limited, VFSC 40356 &amp; Trademax Global Markets (International) Pty Ltd, Company No. 195323, Mauritius Investment Dealer Licence No. GB22201012). Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given in the document is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents posted on our website tmgm.com before you acquire any product listed on the document.</p>

This article was written by FM Contributors at www.financemagnates.com.