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Doo Group Affiliate, Doo Prime, Secured The Renewal of VFSC License

News | 22 Jun 2021 11:50/AM GMT

Doo Group is pleased to announce that its affiliate, Doo Prime Vanuatu Limited, has successfully renewed its financial dealers license from the Vanuatu Financial Services Commission (VFSC).  

In doing so, Doo Prime will continue to expand international relations, and seize the global financial market.   

DG VFSC License Renew

VFSC License Approval Enhances Doo Prime’s Widely Recognized Quality Services   

The VFSC financial dealers license is authorised by the VFSC. The VFSC was established in 1993 to regulate and supervise banking and financial services providers such as investment businesses, and credit businesses. They strive to create a strict and regulated financial environment.   

The financial regulation and regulatory enforcement on the VFSC financial dealers license have always been as strict as the regulation imposed by the EU, US and other global jurisdictions.  

This year, the VFSC has adopted a more stringent approach in approving and renewing all licenses on financial services in an attempt to create a more rigorous financial and investment environment.  

According to the requirements, companies must set up a local office, hire local directors, a compliance officer, an anti-money laundering officer, and appoint a third-party audit firm to conduct audits.  

The number of financial services providers licensed by the VFSC declined from over 400 providers to only 124 providers remaining after screening, of which we proudly declare that Doo Prime Vanuatu Limited is one of them.   

Doo Prime’s success in the renewal of the financial dealer’s license has demonstrated our dedication in complying with the higher standards of practice in the industry, while adhering to strict regulatory requirements in order to provide our clients with safe and high-quality services.  

DG VFSC License Renew

Regulated Products and Services Promotes Doo Group’s Exceptional Investment Environment  

The VFSC financial license supports a variety of financial trading, namely, forex trading, commodity trading, securities trading, and so on.  

With the support of the regulatory system, Doo Prime is able to continue providing clients with a variety of top-notch financial products, while further developing the advantages of product diversity.  

Currently, Doo Prime integrates a diversified range of financial products, including 60+ currency pairs, 300+ featured US and Hong Kong stocks, 10+ global spot indices, and commodities on CFDs.  

Doo Prime is an international pre-eminent online broker under Doo Group. As a large financial services group with financial technology as its core, Doo Group has obtained financial regulatory licenses from several countries.  

As of now, Doo Group has been strictly regulated by multiple financial regulatory agencies around the world. Some of our legal entities are regulated by the United Kingdom Financial Conduct Authority (FCA), the United States Securities and Exchange Commission (SEC), the United States Financial Industry Regulatory Authority (FINRA), the Mauritius Financial Services Commission (MFSC), and Vanuatu Financial Services Commission (VFSC).  

The approved renewal of the VFSC financial license this time reflects the recognition of Doo Group’s excellent operations over the years. Doo Group’s dedication has not only been recognized by the international market but also proved deep faith by clients.  

Henceforth, Doo Group will continue to develop a prime trading environment by providing clients safe and reliable capital protection.  

About the Doo Group         

Established in 2014, Doo Group is headquartered in Singapore. After years of development, the Doo Group has become a large fintech-motivated financial service group, comprised of affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech.       

The Doo Group is committed to serving individual and institutional customers around the world with innovative trading brokerage services for securities, futures, CFDs (Contract For Differences), and other financial products.  

Currently, Doo Group is highly regulated by a number of financial regulators around the world, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the UK Financial Conduct Authority (FCA), Mauritius Financial Services Commission (MFSC), Vanuatu Financial Services Commission (VFSC), with operating centres in Dallas, London, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other places.   

Visit us at www.doogroup.com  

For enquiries and further information, please contact us:       

Hong Kong: +852 6701 2091        

Email: [email protected] 

[Disclaimer]    

This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future results. Doo Group makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Group shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.