Australian Broker Vantage Becomes Newest Member of FinCom

The Financial Commission (FinComm), an independent external dispute resolution (EDR) body, on October 3rd approved the membership request of Vantage, a Sydney-headquartered broker.

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FinComm announced Vantage had approved membership status on Friday, noting that the broker is joining a diverse group of brokerages and independent service providers that use its services.

Vantages approval comes three weeks after FinComm approved the membership application of Australia-headquartered broker TMGM.

The member-driven self-regulatory organization noted that Vantage's membership status means that the broker and its customers can access protection of up to €20,000 per submitted complaint, among other benefits.

Vantage is one of several contracts for difference and forex brokers that have joined FinComm, the first EDR for the forex industry. The body boasts over 40 forex brokers as members.

The list of existing members includes big brand names such as Cyprus-headquartered Exness, St. Vincent and the Grenadines-based Alpari Group, and another Cyprus-headquartered broker, ForexTime.