November 15th, 2017, The Financial Commission, a leading member-driven External Dispute Resolution (EDR) organization serving participants in global foreign exchange (forex), derivatives and cryptocurrency markets, today announces the extension of its certification services to education providers.
In continuing its mission to support the integrity of the FX industry including helping traders access trading education, the Financial Commission has begun accepting applications from education providers that wish to have their educational offering examined by Financial Commission, as part of the education provider certification service.
Education providers that seek certification under the new service must demonstrate compliance to a set of standards that Financial Commission has developed to ensure traders have access to accurate educational materials. Applicants who meet the requirements to become certified education providers will be listed on Financial Commission’s official website.
Requirements for Education Provider Certification
Applicants for the education provider certification service can apply on a voluntary basis and will have the opportunity to provide their educational materials for a comprehensive review by the Financial Commission Certification Board and submit a questionnaire for due diligence.
Financial Commission will review the content of the educational courses based on their accuracy, level of comprehension, balance of risk and reward, other measures of appropriateness, scope of trading strategies and other practices that are important when providing education to traders.
Education Content Evaluation
Once the materials have been evaluated, the Financial Commission will issue a review to the applicant highlighting its findings and may recommend changes to the educational materials that could help traders more easily understand and learn the markets. In such cases, the provider will be given 15 business days to complete the amendments and provide to the Financial Commission for final review prior to certification.
Financial Commission will only issue approved certification if an applicant is able to demonstrate that all their educational materials meet the requirements that Financial Commission has requested and to a degree that satisfies Financial Commission’s standards for education providers.
Financial Commission Chairman, Peter Tatarnikov, said: “As the internet is increasingly saturated with online trading content from numerous sources, it becomes more difficult for traders to distinguish whether educational materials are genuine and balanced or merely disguised marketing content dressed as education. Financial Commission’s new certification service helps ensure that education providers can better serve brokers and their end clients, by complying with a set of standards that helps uphold transparency, balanced and accurate content, and a self-regulatory approach to the entire educational process.”
“We are very pleased to announce the launch of the education provider certification service at Financial Commission, and welcome it into our growing suite certification services for Fintech companies catering to the global brokerage community.”
Need For Best Practices with Trader’s Educational Content
Financial Commission fully supports the need for improving the quality of educational services offered by brokers, including by third parties, and encourages education providers to incorporate industry best practices. Financial Commission is ideally positioned to cater to the rising demand of firms offering educational services.
In order to initiate the Educational Offering Certification process, a firm can contact Financial Commission requesting such service and Financial Commission will send a certification agreement and a list of documents and materials required by the Financial Commission in order to evaluate the applicant for Educational certification.
About Financial Commission
Founded in 2013, Financial Commission is an industry-supported Self-Regulatory Organization (SRO) whose members join on a voluntary basis, subject to approval and strict adherence to membership rules, to maintain good standing. Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms. To learn more about the education provider certification service, visit the official Financial Commission website at https://FinancialCommission.org and contact us.