May 5th, 2020, The Financial Commission, today announces Garnettrade as its newest approved Member. The company becomes the 44th broker to join the ranks of the self-regulatory organization, highlighting the increased interest and demand for independent external dispute resolution (EDR) services among FX industry participants.
Garnettrade status as an Approved Broker Member of the Financial Commission took effect on May 5th, 2020, following the approval of its membership application by the Financial Commission, thus allowing the company and its customers access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per the submitted complaint, backed by the 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.
Garnettrade Limited joins a diverse range of brokerages and independent service providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.
Garnet Limited was founded by a group of asset managers based in Switzerland to share trading experiences in the interbank forex liquidity market. Over the last 12 years, it has grown internally to become one of the premier forex brokerage firms with over $30 million in equity capital. Garnet Limited conducts its broker business on over 50 market destinations worldwide. In its broker dealer agency business, Garnet Limited provides direct access (“on the line”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, CFDs, energies, metals, and Forex worldwide.
For more information about Garnettrade, contact them 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 as 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].