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 and all members agree to comply with Financial Commission rules as one of the many prerequisites for initial membership approval and to maintain good standing.
RevolutionFX Expelled
Effective June 2, 2022, RevolutionFX were expelled from membership with the Financial Commission due to repeated violations of the membership Rules and Guidelines specific to the payment of membership dues.
Furthermore, RevolutionFX clients will not be eligible for reimbursement from the Financial Commission’s compensation fund as a non-member, since the compensation fund can only be used by clients of approved members, and is subject to the ruling by our Dispute Resolution Committee.
The Financial Commission notes that it will not be able to process any new complaints from RevolutionFX clients’, following its expulsion from the Financial Commission as of the date of this announcement and moving forward.
As Financial Commission is an industry-supported self-regulatory organization (SRO) our enforcement of member compliance is reflected entirely within our membership standings where a firm’s integrity and adherence to rules must be strictly upheld in order for membership to be maintained.
For more information about Financial Commission membership requirements, please contact us or visit www.FinancialCommission.org.
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 an Approved Broker Members of the Financial Commission took effect on June 3, 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.
Intrade Finance 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.
About Intrade Finance
With its team of experienced professionals, advanced technology, and knowledge in risk management, Intrade Finance is a leading equity house, providing secure investment opportunities to investors in the leveraged trading market which includes retail FX and contracts for difference (CFDs).
Relying on its advanced technology and customer satisfaction code Intrade Finance aims at providing the best industry standards to its clients. All investors benefit from the same fair and ethical trading conditions regardless of their net capital size
For more information about Intrade Finance, 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.
For more information please contact us at [email protected].
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 Approved Broker Members of the Financial Commission took effect on June 2, 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.
Prestige Invest 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.
About Prestige Invest
Prestige Invest is a licensed brokerage house where you can safely perform your forex transactions. Providing individual and institutional forex services in local and global markets, Prestige Invest has adopted the principle of offering its investors the right trading opportunities, fast order transmission and accurate pricing through the world-renowned liquidity providers.
For more information about Prestige Invest, 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.
For more information please contact us at [email protected].
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 entity’s status as an Approved Broker Member of the Financial Commission took effect on June 1st, 2022, 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 client, backed by the Financial Commission’s Compensation Fund.
Financial Commission COO, Nikolai Isayev commented: “we are pleased to welcome such an accomplished company and internationally recognized brand into our membership ranks, once again highlighting the fact that our services can benefit traders and brokers in all regions of the world. “Pepperstone Bahamas Executive Officer, Tyrone Fitzgerald commented: “we’re pleased with the approval of Pepperstone’s status as an Approved Broker Member of the Financial Commission. At Pepperstone, we’re focused on ensuring that our clients, partners, suppliers and employees are proud to be part of an organisation that is trusted, regulated and committed to doing what’s right to improve experiences.
The Financial Commission provides brokerages and their customers with an unbiased third 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 transacting CFDs and leveraged 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.
Pepperstone Markets 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.
About Pepperstone
Pepperstone Markets Limited is part of the Pepperstone group of companies that were established in 2010 and now operate in seven global locations. Founded on the belief that automation and technology could reduce the cost to trade forex currencies, this entrepreneurial spirit and passion for providing for our clients has seen Pepperstone grow to become an award-winning online global forex and CFD broker known for delivering exceptional client service and withdrawals to tens of thousands of clients around the world.
For more information about Pepperstone Markets Limited, click here.
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.
For more information please contact us at [email protected].
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 review of 4X Solutions’ trading technology, to ensure it met the technical information requirements of the Commission’s technology certification evaluation process. The Financial Commission established a comprehensive list of points to verify including system security, capacity, business disaster recovery and a continuity plan, as well as reporting and record keeping, among other fields deemed important to certify.
About 4X Solutions
4X Solutions is a market-leading technology company that is one of the pioneers in the copy trading space. Their core product is a MetaTrader copy trading platform that can be used standalone or as a foundation for a more specialised application through API integration.
The platform has many features to handle risk management, compliance with regulations and per signal performance billing. The service operates on a cloud model, hosted from 4X Solutions private data centre facilities in London.
About Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and CFD markets.
Technology developers seeking membership status with the Financial Commission can learn more about the process and expected requirements as part of the technology certification process in advance of applying for membership or in the preparation of submitting an application by visiting our official website.
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 any new complaints from AmorFX, following its withdrawal of membership from the Financial Commission as of May 25th, 2022, and moving forward or until membership is approved again.
Furthermore, AmorFX 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
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
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 process any new complaints from GANN Markets, following its withdrawal of membership from the Financial Commission as of May 2nd, 2022, and moving forward or until membership is approved again.
Furthermore, GANN Markets clients will not be eligible for reimbursement from the Financial Commission’s compensation fund as a non-member, since 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 FinancialCommission.org, 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, as well as 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
April 20th 2022, The Financial Commission today announces increases in new filed and resolved complaints, as well as amounts sought from broker members as part of its quarterly Complaints Digest. The organization also experienced a slight uptick ini already swift average dispute resolution times, with a 6.3 days average for the quarter.
Key highlights for 1Q 2022:
Quarter Over Quarter Comparison
Key Takeaways
Conclusions
Demand for retail trading continued to impact several key metrics of the Financial Commission in the first quarter of 2022. An increase in newly filed complaints and increases in resolved complaints suggest traders are continuing to try and take advantage of market opportunities with the Dispute Resolution Committee (DRC) continuing to process a significant amount of complaints in the first quarter of the year. The DRC was able to award a smaller amount of compensation to traders than in the previous quarter while experiencing a jump in the amounts sought by traders from broker members during this time. Financial-related complaints increased by 40%, which indicates a significant rise in disputes related to funds withdrawal. At the same time, complaints listed in the most valuable category ($10K+) jumped 70% in 1Q 2022, highlighting the continued importance of the organization to investigate complaints with a significant monetary value. During the quarter, the DRC was able to resolve 3% more complaints than in the previous period with fewer complaint investigations and decisions carried over into 2Q 2022, while maintaining exceptional average resolution times, which still continue to outpace alternative EDR services.
About Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages, exchanges and Blockchain firms that participate in global foreign exchange (forex), derivatives, CFD and digital asset markets.
The Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms.
For more information please contact us at [email protected].
April 19, 2022, The Financial Commission today announces the expansion of its external dispute resolution (EDR) and membership services to the Mauritius entity of approved broker Member Axiory. The expansion highlights the increased interest and demand for EDR services among FX industry participants.
Axiory first joined the Financial Commission in November 2016 as an Approved Broker Member and has been in good standing with the organization since. Axiory has expanded EDR coverage to its Mauritius entity effective April 14, 2022, thus allowing 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.
About Axiory
Axiory Global Ltd is an investment firm based in Belize and authorized and regulated by the Financial Services Commission (FSC) of Belize. Axiory provides trading on Forex, CFDs on indices, metals and commodities, and exchange traded products via its MetaTrader (MT4 & MT5) and cTrader platforms offering. Axiory additionally offers strategies via the MyAxiory client portal and copy trading services.
For more information about Axiory, please visit their website.
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.
For more information please contact us at [email protected]
April 15th, 2022, Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry today announces that it has expelled EGMarkets 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 and all members agree to comply with Financial Commission rules as one of the many prerequisites for initial membership approval and to maintain good standing.
EGMarkets Expelled
Effective April 13th, 2022, EGMarkets were expelled from membership with the Financial Commission due to repeated violations of the membership Rules and Guidelines specific to the payment of membership dues.
Furthermore, EGMarkets clients will not be eligible for reimbursement from the Financial Commission’s compensation fund as a non-member, since the compensation fund can only be used by clients of approved members, and is subject to the ruling by our Dispute Resolution Committee.
The Financial Commission notes that it will not be able to process any new complaints from EGMarkets clients’, following its expulsion from the Financial Commission as of the date of this announcement and moving forward.
As Financial Commission is an industry-supported self-regulatory organization (SRO) our enforcement of member compliance is reflected entirely within our membership standings where a firm’s integrity and adherence to rules must be strictly upheld in order for membership to be maintained.
For more information about Financial Commission membership requirements, please contact us or visit www.FinancialCommission.org.
March 29, 2022, The Financial Commission today announces Agra 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.
Agra Markets status as an Approved Broker Members of the Financial Commission took effect on March 29, 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.
Agra Markets 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.
About Agra Markets
Agra Markets is specializing in online trading systems and was established by industry professionals working in the fields of brokerage, banking and financial technology. With more than fifty years of combined experience in the financial investment industry, these people have gathered together to bring excellence of service and liquidity to the forex market space. Innovative minds in technology and financial modeling have enabled the company to break down barriers in global capital markets through know-how financial technology.
Agra work closely with its clients to ensure that their requirements are satisfied and deliver top quality service, ultra fast execution, competitive prices as well as low cost access to foreign exchange markets, metals, commodities and indices and many more trading instruments. Company’s main target is to deliver customer oriented first class service.
For more information about Agra 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.
For more information please contact us at [email protected].
March 11th, 2022: The Financial Commission today announces that the membership status of Samtrade FX has ceased following a withdrawal.
Samtrade FX had been a member of the Financial Commission up until March 10th, 2022, when its membership was effectively withdrawn.
Financial Commission notes that it will not be able to process any new complaints from Samtrade FX, following its withdrawal of membership from the Financial Commission as of March 10th, 2022, and moving forward or until membership is approved again.
Furthermore, Samtrade FX clients will not be eligible for reimbursement from Financial Commission’s compensation fund as a non-member, since the compensation fund can only be used by clients of approved members, and 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 FinancialCommission.org, including members that have either been expelled or withdrawn voluntarily.
Financial Commission is a leading independent self-regulatory organization whose members include online brokerages and exchanges, across Forex, CFDs, derivatives, and cryptocurrency markets, as well as certified providers and developers of trading platform technology used by members and their end-clients who are retail traders and investors.
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
March 07, 2022, The Financial Commission today announces DegerFX 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.
DegerFX status as an Approved Broker Members of the Financial Commission took effect on March 07, 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.
DegerFX 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.
About DegerFX
DegerFX is a licensed brokerage house where you can safely perform your forex transactions. Providing individual and institutional forex services in local and global markets, DeğerFX has adopted the principle of offering its investors the right trading opportunities at the right time, world-renowned liquidity providers, fast order transmission and accurate pricing.
For more information about DegerFX, 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.
For more information please contact us at [email protected].
March 1st, 2022: The Financial Commission today announces that the membership status of ZotaMarket (ZotaTrade) has ceased following a withdrawal.
ZotaMarket had been a member of the Financial Commission up until March 1st, 2022, when its membership was effectively withdrawn.
Financial Commission notes that it will not be able to process any new complaints from ZotaMarket, following its withdrawal of membership from the Financial Commission as of March 1st, 2022, and moving forward or until membership is approved again.
Furthermore, ZotaMarket clients will not be eligible for reimbursement from Financial Commission’s compensation fund as a non-member, since the compensation fund can only be used by clients of approved members, and 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 FinancialCommission.org, including members that have either been expelled or withdrawn voluntarily.
Financial Commission is a leading independent self-regulatory organization whose members include online brokerages and exchanges, across Forex, CFDs, derivatives, and cryptocurrency markets, as well as certified providers and developers of trading platform technology used by members and their end-clients who are retail traders and investors.
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
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