January 18th, 2023, The Financial Commission today announces Baxia 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.
Baxia status as an Approved Broker Members of the Financial Commission took effect on January 18th, 2022, following the approval of its membership application by the Financial Commission, thus allowing the companies 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.
The 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, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
Baxia Markets joins a diverse range of brokerages and independent service providers (ISPs) that utilize the services of the Financial Commission as part of their commitment to their clients while upholding membership requirements.
Baxia Markets, a Metatrader ECN broker founded in 2020, gives traders access to deep institutional liquidity from matching engines located in NY4 and LD4. With the BX Standard or the BX Zero account, traders can execute trades in Forex, Metals, Energy, Indices, Shares and Cryptocurrencies. Baxia Markets is one of the first global brokers to extend coverage on FX liquidity during the weekend with a full range of support services offered 24/7 making it the preferred partner for traders and institutional partners. Baxia Markets is registered and regulated by the FSA of Seychelles and SCB of Bahamas with client funds held in segregated bank accounts ensuring regulatory protection to client assets.
For more information about Baxia Markets, contact them directly.
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. 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.
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