The FinancialJuly 4, 2018, The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and cryptocurrency markets, today announces that MTrading (ServiceComSvg Limited) has re-joined Financial Commission as category A member.
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MTrading had previously held B category membership status from September 2014 through August 2017, and now re-joins with approved membership status effective as of July 3, 2018, after acceptance Financial Commission’s board. |
As a category A member, MTrading, and its customers are currently entitled to a wider range of services and membership benefits including protection for up to €20,000 per case from Financial Commission’s compensation fund.
Financial Commission provides brokerages and their customers with an unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.
For approved members and their clients participating in CFDs, foreign exchange (forex) and cryptocurrency markets, Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
Commenting on the new membership approval, Financial Commission Chairman Peter Tatarnikov said: “We are pleased to see MTrading return to Financial Commission and reapply for membership. Over time, brokerages and technology providers see the long-term value of being members with Financial Commission, to help demonstrate transparency, self-regulatory efforts, and provide their clients access to DRC-processed complaints and compensation fund eligibility.
The door is open for firms that left on good terms and not from expulsion, just as we encourage new and existing market participants to consider the ancillary benefits of Financial Commission membership”
About MTrading
MTrading, which was established back in 2013, is an online broker that allows trading currency pairs, precious metals, stocks, indices, cryptos and fossil fuels. The company is committed to ensuring that you get the best trading experience in every type of financial market. MTrading operates in key cities in Asia-Pacific and the emerging markets of Africa and South America.
MTrading gives its clients simple, easy access to every type of financial market through state-of-the-art software, supporting them with valuable information, competitive terms, numerous payment systems, a lively community and responsive service.
For more information please contact MTrading directly at [email protected]
About Financial Commission
Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes directly with their financial services providers that are members of the Financial Commission. Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading electronic markets such Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
For more information please contact us at [email protected].