The FinancialCommission News
MTrading Granted Three Awards at the ForexRating.com Awards of 2021
February 8, 2022
Financial Commission broker member MTrading, has been granted three prestigious awards at the ForexRating.com Awards of 2021. The nominations bestowed were the ‘Most Valuable Affiliate IB Program’, the ‘Most Reliable Copy Trading Platform’, and ‘Outstanding Social Trading Network.’ ForexRating.com is a spotlight for the FX community to gain insight into the leading...
Learn more
UpTrader named the “Fastest Growing Social-Trading Platform” at the ForexRating.com Awards...
February 1, 2022
Financial Commission’s certified trading technology provider UpTrader, is elated to announce that they have been granted the award, 'Fastest-Growing Social Trading Platform' at the ForexRating.com Awards 2021. The awards heavily emphasize the most distinguished brokers and trading service providers in the industry, contributing profound insight on the leading platforms. A...
Learn more
Grand Capital Named The Winner For “Exceptional Customer and Partner Support”...
February 1, 2022
Financial Commission broker member Grand Capital has announced that they are the winner of the ForexRating.com award for demonstrating “Exceptional Customer and Partner Support.” The ForexRating.com Awards recognize FX brokers who maintain heightened commercial integrity, facilitate the best conditions for their customers and demonstrate exceptional business practices. A...
Learn more
ASIC Releases IDR Reporting Documents
July 19, 2021
The Australian Securities & Investments Commission (ASIC) has announced the publication of internal dispute resolution (IDR) reporting documents for a pilot project with registered companies for the second half of 2021. The goal of the pilot project is to streamline the IDR process across ASIC registered firms and the Australian Financial Complaints...
Learn more
ASIC Extends Temporary Relief for Foreign Brokers to 2023
June 29, 2021
The Australian Securities and Investments Commission (ASIC) announced this month that it is extending the temporary relief put in place for foreign financial service providers (FFSPs) that would otherwise be required to submit an application for a local Australian license. Such firms can now continue to operate in Australia until March 31,...
Learn more
German Police Announce Arrests of Scammers in Kosovo
April 22, 2021
German law enforcement has conducted a series of raids and arrests of alleged participants in fraudulent investment companies and brokers. According to a notice from the Bamberg Prosecutor General’s Office and the Police Headquarters in Schwaben, Germany some 18 people were arrested. The authorities apparently also conducted searches at 17 different...
Learn more
CMC Markets Halts Countdown Trading Ahead of ASIC Ban
April 13, 2021
The international brokerage CMC Markets has announced to its Australian clients that it will no longer offer Countdown trading on its platform ahead of the ban on binary options trading by the Australian Securities and Investments Commission (ASIC) that is coming into effect on May 3, 2021. The broker indicated that such...
Learn more
CySEC Publishes Broker Deficiencies in Regulatory Review
April 8, 2021
The Cyprus Securities and Exchange Commission (CySEC) has published a review of its Cyprus Investment Firms (CIF) and identified a number of deficiencies, as well as good practices among brokers it regulates. The regulator noted that most deficiencies are in risk assessment, monitoring activities and compliance and indicated that “the management...
Learn more
ASIC Bans Binary Options in Australia
April 5, 2021
The Australian Securities and Investments Commission (ASIC) announced last week that binary options trading in Australia will be banned starting on the 3rd of May 2021. The regulator indicated that its review of the binary options market in 2017 and 2019 showed that approximately 80% of traders lost money in binary options....
Learn more
US Man Pleads Guilty in Forex Scam
March 31, 2021
The U.S. Attorney’s Office for the Eastern District of New York yesterday announced the guilty plea of New York resident Tae Hung Kang, also known as “Kevin Kang,” in the securities fraud case related to a scheme involving foreign exchange trading that targeted members of the Korean-American community. The authorities indicated...
Learn more
Indian Police Bust Two Individuals in $1.7M Forex Scam
March 29, 2021
Police in India have reported that they have nabbed two suspects of an alleged Forex scam approximately worth up to $1.7M. Victims reported that they were contacted by unknown individuals and lured investors to “Deltin International Foreign Exchange in order to earn high profits.” The investigation and subsequent arrests were the...
Learn more
CySEC Issues New Warning Against Unauthorized Firms
March 25, 2021
The Cyprus Security and Exchange Commission (CySEC) has issued a new warning against unregistered firms operating under the guise of having a Cyprus Investment Firm (CIF) license. The websites in question are listed below: geverestfx.com cryptopros.ltd frankfurtfx.com bullishfxmarkets.com goeverups.com Investors are always advised to Check their broker before opening an...
Learn more
SEC Faults Bahamian Broker for Operating in US Illegally
March 24, 2021
The US Securities and Exchange Commission (SEC) has sued a Bahamian-based brokerage for illegally operating in the United States, according to a notice from March 22, 2021. The company MintBroker International Ltd., operating as SureTrader and headed by co-defendant Guy Gentile allegedly “operated an offshore broker-dealer that marketed its ability to help...
Learn more
Crackdown on Unauthorized Brokers Continues in Italy
March 22, 2021
Italy’s financial regulator - the Commissione Nazionale per le Società e la Borsa (CONSOB) has continued its efforts to protect its citizens from unregulated financial companies and possible online scams. The regulator announced on Friday that it has blocked five more websites of such firms and is advising all traders to take...
Learn more
Compensation for Failed UK Broker Clients Drags On
March 16, 2021
Administrators for failed UK brokerage SVS Securities have notified the public that compensation roll-out or payments may finally be coming this year. According to Finance Magnates, the administrator, Leonard Curtis, has scheduled a hearing to approve milestones in the administration process that may finally yield compensation payments to former clients of the...
Learn more
Financial Commission Announces TMGM as Latest Approved Member
September 22, 2022
September 22, 2022, The Financial Commission today announces TMGM as its newest approved Member. The company becomes the latest online brokerage 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. TMGM status as an Approved Broker Members...
Learn more
Financial Commission Expels Fiber Markets from Membership
September 9, 2022
September 9th, 2022, Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry today announces that it has expelled Fiber Markets from membership in the organization following a breach of contractual obligations. In order to maintain membership with the Financial Commission, member firms must strictly adhere to...
Learn more
Financial Commission Announces Execution Quality Certification of Bold Prime
September 2, 2022
September 2, 2022, The Financial Commission today announces execution certification for Bold Prime, an approved member of the Commission using Verify My Trade, a “value-added” service launched several years ago to promote pricing and execution transparency in the Forex market. Verified order execution quality Following the launch of order execution verification with...
Learn more
Financial Commission Announces Fullerton Markets as Latest Approved Member
August 22, 2022
August 22, 2022, The Financial Commission today announces Fullerton Markets as its newest approved Member. The company becomes the latest online brokerage 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. Fullerton Markets status as...
Learn more
Financial Commission Announces Bold Prime as Latest Approved Member
August 17, 2022
August 17th, 2022, The Financial Commission today announces Bold Prime as its newest approved Member. The company becomes the latest online brokerage 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. Bold Prime status as...
Learn more
Financial Commission Expels LordFX from Membership
August 11, 2022
August 11th, 2022, Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry today announces that it has expelled LordFX from membership in the organization following a breach of contractual obligations. In order to maintain membership with the Financial Commission, member firms must strictly adhere to membership...
Learn more
Financial Commission Reports Growth in Complaints and Other Key Metrics in...
July 27, 2022
July 27th, 2022, The Financial Commission today announces its operating metrics for the first half of 2022 as part of its ongoing Complaints Digest publications highlighting the organization’s performance. Continued interest in trading among investors has led to a steady rise in some key metrics of the dispute resolution service of the...
Learn more
Financial Commission Expels RevolutionFX from Membership
June 3, 2022
June 3, 2022, Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry today announces that it has expelled RevolutionFX from membership in the organization following a breach of contractual obligations. In order to maintain membership with the Financial Commission, member firms must strictly adhere to membership rules...
Learn more
Financial Commission Announces Intrade Finance as Latest Approved Member
June 3, 2022
June 3, 2022, The Financial Commission today announces Intrade Finance as its newest approved Member. The company becomes the latest online brokerage 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. Intrade Finance status as...
Learn more
Financial Commission Announces Prestige Invest as Latest Approved Member
June 2, 2022
June 2, 2022, The Financial Commission today announces Prestige Invest as its newest approved Member. The company becomes the latest online brokerage 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. Prestige Invest status as an...
Learn more
Financial Commission Announces Pepperstone Markets Limited as Latest Approved Member
June 1, 2022
June 1st, 2022, The Financial Commission today announces Pepperstone Markets Limited as its newest approved Member. The company becomes the latest online brokerage 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. Pepperstone Bahamas regulated...
Learn more
Financial Commission Announces Trading Technology Certification for 4X Solutions
May 25, 2022
May 25th, 2022, The Financial Commission today announces the certification of trading technology provider 4X Solutions as part of its ongoing efforts to help ensure brokers and traders are operating in a fair and transparent environment with commonly accepted standards for trading technologies. Trading technology certification The Financial Commission conducted its rigorous...
Learn more
Financial Commission Announces AmorFX Membership Withdrawn
May 25, 2022
May 25th, 2022: The Financial Commission today announces that the membership status of AmorFX has ceased following a voluntary withdrawal. AmorFX had been a member of the Financial Commission up until May 25th, 2022, when its membership was effectively withdrawn. The Financial Commission notes that it will not be able to process...
Learn more
Financial Commission Announces DegerFX Membership Withdrawn
May 19, 2022
May 19th, 2022: The Financial Commission today announces that the membership status of DegerFX has ceased following a voluntary withdrawal. DegerFX had been a member of the Financial Commission up until May 18th, 2022, when its membership was effectively withdrawn. The Financial Commission notes that it will not be able to process...
Learn more
Financial Commission Announces GANN Markets Membership Withdrawn
May 3, 2022
May 3rd, 2022: The Financial Commission today announces that the membership status of GANN Markets has ceased following a withdrawal. GANN Markets had been a member of the Financial Commission up until April 29th, 2022, when its membership was effectively withdrawn. The Financial Commission notes that it will not be able to...
Learn more
Scam ALERT: Digital Bloom Added to Warning List
September 29, 2022
Concerned traders have notified the Financial Commission regarding the company Digital Bloom (Digital Bloom Inc.) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and...
Learn more
Scam ALERT: FXM Venture Added to Warning List
September 28, 2022
Concerned traders have notified the Financial Commission regarding the company FXM Venture (FINANCIAL VENTURES LIMITED) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and...
Learn more
Scam ALERT: DigiCoinFX Added to Warning List
September 27, 2022
Concerned traders have notified the Financial Commission regarding the company DigiCoinFX and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such, the...
Learn more
Scam ALERT: CryptoPool Extraction Added to Warning List
September 26, 2022
Concerned traders have notified the Financial Commission regarding the company CryptoPool Extraction and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such,...
Learn more
Scam ALERT: FX Coniplant Added to Warning List
September 23, 2022
Concerned traders have notified the Financial Commission regarding the company FX Coniplant and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such,...
Learn more
Scam ALERT: BexCapitalFX Added to Warning List
September 22, 2022
Concerned traders have notified the Financial Commission regarding the company BexCapitalFX (Bex Capital Limited) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors....
Learn more
Scam ALERT: Binary Invest Traders Added to Warning List
September 21, 2022
Concerned traders have notified the Financial Commission regarding the company Binary Invest Traders and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As...
Learn more
Scam ALERT: PremiumOptionFXPro Added to Warning List
September 20, 2022
Concerned traders have notified the Financial Commission regarding the company PremiumOptionFXPro (Premiumoptionfxpro Limited) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As...
Learn more
Scam ALERT: RVTradeHub Added to Warning List
September 19, 2022
Concerned traders have notified the Financial Commission regarding the company RVTradeHub and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such, the...
Learn more
Scam ALERT: Crypto Network Added to Warning List
September 16, 2022
Concerned traders have notified the Financial Commission regarding the company Crypto Network (Crypto Network LTD) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and...
Learn more
Scam ALERT: Conva Investment Added to Warning List
September 15, 2022
Concerned traders have notified the Financial Commission regarding the company Conva Investment (Conva Limited) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors....
Learn more
Scam ALERT: BitcoinTradePro Added to Warning List
September 14, 2022
Concerned traders have notified the Financial Commission regarding the company BitcoinTradePro (BitcoinTradePro Limited) and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As...
Learn more
Scam ALERT: 4XMarket Added to Warning List
September 13, 2022
Concerned traders have notified the Financial Commission regarding the company 4XMarket and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such, the...
Learn more
Scam ALERT: LiveFX Added to Warning List
September 12, 2022
Concerned traders have notified the Financial Commission regarding the company LiveFX and its associated website. Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors. As such, the...
Learn more
Scam ALERT: LordFX Added to Warning List
September 9, 2022
The Financial Commission has determined that the company LordFX and its associated website are mimicking approved membership status in the organization. The company LordFX ceased to be a member of the Financial Commission on August 11, 2022, when it was expelled from membership due to repeated violations of the membership...
Learn more