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DegerFX had been a member of the Financial Commission up until May 18th, 2022, when its membership was effectively withdrawn.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 any new complaints from DegerFX, following its withdrawal of membership from the Financial Commission as of May 18th, 2022, and moving forward or until membership is approved again.
Furthermore, DegerFX clients will not be eligible for reimbursement from the Financial Commission’s compensation fund as a non-member. The compensation fund can only be used by clients of approved members and is subject to the ruling by 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list of current and prior members can be found on our website, including members that have either been expelled or withdrawn voluntarily.
The Financial Commission is a leading independent self-regulatory organization whose members include online brokerages and exchanges, across Forex, CFDs, derivatives, and cryptocurrency markets, and certified providers and developers of trading platform technology used by members and their end clients who are retail traders and investors.
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