The FinancialApril 10, 2019, The Financial Commission today announces the launch of a new Collective Investment Platform Certification service to help ensure investors and authorized traders are operating in a fair and transparent environment with commonly accepted standards when engaging in Copy Trading or investing through a percent allocation management module (PAMM).
By obtaining certification your firm can:
- Bring additional credibility and trust to your service
- Attract new customers and authorized traders and increase revenue
- Mitigate negative feedback and complaints from customers
- Stand out as a verified and secure investment service provider
Copy trading services and percent allocation management modules (PAMM) have become increasingly popular with traders and investors over the last few years. Due to increased demand, as well as interest in evaluating such services from the public, the Financial Commission has developed a comprehensive certification to audit the key policies and procedures used in Copy Trading and on PAMM investing platforms.
Collective Investment Certification
To obtain certification service providers must submit an application and complete a comprehensive questionnaire detailing the key policies and procedures used in the trading service or platform, including
- Technical setup of investor’s copy trader’s accounts and their functionality
- Funds allocation, calculations and trade results reporting procedures
- Security and KYC policies, including any possible restrictions
- Policies for rating authorized trader or investor account performance
Once the Commission is satisfied with the review of the requested information and any recommended changes are implemented by the service provider, a certification will be issued for one year and published on the Financial Commission website.
About Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and CFD markets.
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 find out how the Commission is increasing transparency for technology and platform providers, please visit the Certification Services section of our website.