Financial Commission Announces Alpari and FXTM Membership Withdrawn

The Financial Commission / Commission News / Financial Commission Announces Alpari and FXTM Membership Withdrawn

The Financial Commission today announces that the membership status of Alpari and FXTM has ceased following a voluntary withdrawal.

Alpari and FXTM have been members of the Financial Commission up until 27 January 2024, when their membership was effectively withdrawn.

The Financial Commission notes that it will not be able to process any new complaints from Alpari or FXTM traders, following the withdrawal of membership from the Financial Commission as of 27 January 2024, and moving forward or until membership is approved again.

Furthermore, as non-members, Alpari and FXTM clients will not be eligible for reimbursement from the Financial Commission’s compensation fund. The compensation fund can only be used by clients of approved members and is subject to the ruling of our Dispute Resolution Committee. The compensation fund is designed to help protect members’ clients in exceptional cases and is funded by the Financial Commission from a portion of membership dues.

An updated list of current and prior members can be found on our website, including members who have either been expelled or withdrawn voluntarily.

The Financial Commission requires that member firms strictly adhere to membership rules to maintain good standing on an ongoing basis. To learn more about our membership requirements and certification process, contact us or visit https://financialcommission.org.

About The Financial Commission

The Financial Commission is an independent external dispute resolution (EDR) forum for consumers/traders who are unable to resolve disputes directly with their financial services providers who are members of the Financial Commission. The 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].

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