October 13th, 2020, The Financial Commission, today announces IdealFX 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.
IdealFX status as an Approved Broker Members of the Financial Commission took effect on October 12th, 2020, 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.
IdealFX 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 IdealFX
IdealFX started to serve the global investment markets in 2009 and entered the Turkish financial market in 2018. IdealFX provides services to its investors in the field of Forex, Commodities, Stocks, and Cryptocurrencies with its vast experience, market dominance, and advanced technology infrastructure, and provides a unique service that will enable its investors to manage their investments safely.
For more information about IdealFX, 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]
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of 247frxtrade, Coin Trade, BitBinary, Cryptocent, and Elitefxoption.
Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined that the indicated companies and associated websites may be used to scam and defraud traders and investors. As such, the Commission does not recommend to do business with any of the above-mentioned companies neither individuals purporting to represent these brokers on social media and in private messages on popular messaging apps. Given this information, 247frxtrade, Coin Trade, BitBinary, Cryptocent, and Elitefxoption placed on the Financial Commission’s Warning List.
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October 7th, 2020, The Financial Commission announces its operating metrics for the month of September 2020 as part of its monthly Complaints Digest. The organization recorded a slight decrease in newly filed complaints for the month while experiencing growth in several key metrics and achieving 132% in the amount of compensation awarded to traders as part of its dispute resolution service.
Key monthly highlights for September 2020:
Month Over Month Comparison
Key Takeaways
Conclusions
The end of summer has brought with it a resurgence of Covid-19 related disruptions around the globe along with subdued volatility in global markets, leading to fewer opportunities for traders. Echoing these short-term changes the Financial Commission experienced a slowdown in several key metrics, including average complaints value, amounts sought by traders, and total new complaints. Financial-related complaints continued to dominate, indicating that traders are continuing to deal with issues related to funds withdrawal, rather than trading, as witnessed in previous months. At the same time, the Dispute Resolution Committee (DRC) awarded significantly more compensation to traders in September than previous months, while increasing average dispute resolution times in order to provide sound and reasonable resolutions to traders.
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].
September 29, 2020, The Financial Commission today announces execution certification for CapitalXtend, 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 Verify My Trade (VMT) in September of 2018, Financial Commission broker members continue to apply for certification of their order execution quality as a step to increase transparency regarding execution speed and pricing.
Today, CapitalXtend becomes the latest Financial Commission member to have successfully completed the VMT certification, having satisfied all execution quality standards set out for all members of the Commission. Trades can now view the execution audit results for CapitalXtend directly on our website, by clicking here.
Check your broker’s status
All interested parties can now view the execution audit results for members of the Financial Commission using VMT certifications by visiting our Members page or the profile pages of brokers listed in our Members section. Certified brokers will be highlighted with a unique badge as displayed below.
By clicking on the badge users will navigate to a dedicated webpage for each broker that will indicate the last time an audit was performed, how many orders were analyzed, and whether the results satisfied the order execution standards established by VMT.
If you are interested in using the VMT service or would like more information, please reach out to us at [email protected].
About the 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.
September 17th, 2020, The Financial Commission, today announces CapitalXtend 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.
CapitalXtend status as an Approved Broker Members of the Financial Commission took effect on September 17th, 2020, 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.
CapitalXtend 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 CapitalXtend
Capitalxtend is one of the leading financial service providers, with many years of loyal patronage and a team committed to providing exceptional services, competitive prices and a wide range of trading tools. Find the right opportunities and trade over 300+ Financial Instruments in the global markets, with 24/7 support to embark your way to success! CapitalXtend takes client protection very seriously and client’s security and confidentiality are of utmost important. Client’s money is held in segregated trust accounts i.e. tier 1 banks and not held in CapitalxTend’s own funds.
For more information about CapitalXtend, 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]
September 14th, 2020, The Financial Commission, today announces a strategic partnership with online FX industry news websites Industry Spread and Traders Spread to deliver expanded media and public relations opportunities for trusted brokers, exchanges, fintech, and education providers. The new partnership will offer exclusive benefits to Financial Commission members and partners in advertising, media, and public relations.
Exclusive Benefits
With the new partnership, Financial Commission approved members can take advantage of exclusive discounts for display media, sponsorships, guest posts, and interviews, as well as participate in the Business ORG directory and broker comparison listings. The new opportunities provide companies with engaged B2B and B2C audiences interested in FX, CFD, and digital currency trading.
Approved broker members are also invited to collaborate with Traders Spread’s editorial team on distributing proprietary market research to thousands of interested traders around the world.
The Industry Spread & Traders Spread
The Industry Spread is a news and information site built for the global trading industry. The site provides the B2B trading industry with the information they need to keep informed about trading technology, changing global regulations, new industry partnerships, and announcements of the latest executive moves. The Industry Spread doesn’t just cover FX or digital currencies, the news portal covers all exchange-traded markets as well as OTC products.
The Traders Spread is the global home for traders who want the best news and trading solutions. Whether you are a new or experienced trader you will find information to help your trading covering Forex, Commodities, Indices, and global equities.
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].
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of GIV CAPITAL, AvalonMarkets (AvalonMarkets Capital Advisors Corporation), Wizards trading, and Orion Fx Pro.
Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined that the indicated companies and associated websites may be used to scam and defraud traders and investors. As such, the Commission does not recommend to do business with any of the above-mentioned companies neither individuals purporting to represent these brokers on social media and in private messages on popular messaging apps. Given this information, GIV CAPITAL, AvalonMarkets (AvalonMarkets Capital Advisors Corporation), Wizards trading, and Orion Fx Pro placed on the Financial Commission’s Warning List.
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September 7th, 2020, The Financial Commission announces its operating metrics for the month of August 2020 as part of its monthly Complaints Digest. The organization recorded an anticipated decrease in new filed complaints due to the traditional summer slowdown while experiencing growth in several key metrics and achieving record performance by posting the fastest overall dispute resolution times in the organization’s Dispute Resolution Committee (DRC).
Key monthly highlights for August 2020:
Month Over Month Comparison
Key Takeaways
Conclusions
Following extreme market volatility and trader activity in the spring and early summer months that led to increased demand for dispute resolution services, the Financial Commission continued to experience a slowdown in new inbound trader complaints as short-term participants exited the markets and went about their summer holidays. Notably, during the same period several key metrics, including average complaints value, amounts sought by traders and complaints categories suggest that cases reviewed by the DRC in August were more complex in substance and valuable than previous months in a shift of “quantity vs. quality”. The financial-related complaints category continued to dominate, indicating that traders are dealing increasingly with issues related to funds withdrawal, rather than trading, as witnessed in previous months. With the decrease in new filed complaints, the DRC was able to achieve its most remarkable average resolution times, coming in at just 4.6 days in August.
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].
August 31st, 2020, The Financial Commission, today announces LordFX 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.
LordFX status as an Approved Broker Members of the Financial Commission took effect on August 28th, 2020, 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.
LordFX 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 LordFX
LordFX is a London-based organization with a broad vision of commonwealth epaulet. Lord Fx 2006 is an intermediary company serving the global foreign exchange, commodity and CFD markets in 19 different markets, with the beginning of the calendar year and originating in London.
It has a paid-in capital of £12,000,000. Lord Fx Limited is periodically audited by leading audit authorities that are accepted by international standards. Lord Fx Limited serves its investors according to corporate governance principles with its quality service understanding, strong financial structure and specialized staff in the field of activity.
For more information about LordFX, 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]
August 12th, 2020, The Financial Commission today announces that Dispute Resolution Committee (DRC) member Dr. Demetrios Zamboglou has joined Middle East based Credit Financier Invest (CFI) in the capacity of Chief Operating Officer (COO). With the new role of COO, Dr. Zamboglou will relinquish his role as an expert in the DRC.
Dr. Demetrios Zamboglou
At the Financial Commission Demetrios assisted the Dispute Resolution Committee in resolving numerous complaints filed against member brokers and was helpful in providing important free educational materials for traders regarding options trading that are available in our Tips for All section.
Financial Commission COO, Nikolai Isayev commented that: “Demetrios has been a valued colleague in our Committee tasked with investigating and resolving disputes and on many occasions provided valuable insight and opinions in cases involving trading matters. We wish him the best of luck in his new role and continued professional success.”
Dr. Zamboglou brings nearly 15 years of experience to CFI and will join the company’s Management team after working in a variety of fintech companies in operations and C-level positions. Mr. Zamboglou is an FX and CFD veteran with over a decade’s experience in trading, risk management, and operations. He spent the bulk of his career, which dates back to 2005, within the retail industry, having held senior positions at Alpari (UK), ForexClub, ForexTime and also setting up his own FX brokerage zebraFX in 2012 before selling the business in 2015.
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.
August 5th, 2020, The Financial Commission announces its operating metrics for the month of July 2020 as part of its monthly Complaints Digest. The organization experienced a slowdown in new complaints as traders headed into the summer months and market volatility slowed. The organization achieved another month of growth in some key metrics as well as a slowdown in others, while its key metric of dispute resolution times improved significantly month over month.
Key monthly highlights for July 2020:
Month Over Month Comparison
Key Takeaways
Conclusions
The Financial Commission continues to effectively resolve traders’ disputes and public inquiries in a difficult environment as the Covid-19 pandemic continues to impact the globe. Established traders look to be winding down trading positions heading into the summer months, while new traders continue to be interested in trading Forex and CFD, as indicated by the number of new complaints received and processed. The Dispute Resolution Committee witnessed a rise in trading related complaints, which increased by 6% in July as compared to June. Meanwhile, a slowing influx of new complaints amid continued operational efficiencies was attributed to a record average resolution time, which improved 25% to a record 5.14 days from 6.9 days overall for all complaints resolved in July 2020.
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].
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of Primetrade, Alpha24trade, Highoption, and Diamondforexoptions.
Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined that the indicated companies and associated websites may be used to scam and defraud traders and investors. As such, the Commission does not recommend to do business with any of the above-mentioned companies neither individuals purporting to represent these brokers on social media and in private messages on popular messaging apps. Given this information, Primetrade, Alpha24trade, Highoption, and Diamondforexoptions placed on the Financial Commission’s Warning List.
Don’t miss the latest news and discussion on our Telegram channel. Subscribe today
July 28, 2020, The Financial Commission today announces execution certification for Samtrade FX, 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 Verify My Trade (VMT) in September of 2018, Financial Commission broker members continue to apply for certification of their order execution quality as a step to increase transparency regarding execution speed and pricing.
Today, Samtrade FX becomes the latest Financial Commission member to have successfully completed the VMT certification, having satisfied all execution quality standards set out for all members of the Commission. Trades can now view the execution audit results for Samtrade FX directly on our website, by clicking here.
Check your broker’s status
All interested parties can now view the execution audit results for members of the Financial Commission using VMT certifications by visiting our Members page or the profile pages of brokers listed in our Members section. Certified brokers will be highlighted with a unique badge as displayed below.
By clicking on the badge users will navigate to a dedicated webpage for each broker that will indicate the last time an audit was performed, how many orders were analyzed, and whether the results satisfied the order execution standards established by VMT.
If you are interested in using the VMT service or would like more information, please reach out to us at inf[email protected].
About the 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].
July 13th, 2020, The Financial Commission, today announces BalansFX as its newest approved Member. The company becomes the 49th broker 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.
BalansFX status as an Approved Broker Members of the Financial Commission took effect on July 10th, 2020, 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.
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, Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
BalansFX 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 BalansFX
BalansFX operates in European countries since 2011 and entered the Turkish financial markets in 2018. Founded in London with the collaboration of the industry’s leading investors, the company provides services in the fields of Forex, Commodities, Stocks, and Cryptocurrencies with its expert team and experience.
BalansFX meets the demands of investors in a complete and timely manner with all the trading platforms developed with the latest technology by considering all the investors’ needs.
For more information about BalansFX, 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. 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].
July 7, 2020, The Financial Commission today announces execution certification for Gann Markets, 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 Verify My Trade (VMT) in September of 2018, Financial Commission broker members continue to apply for certification of their order execution quality as a step to increase transparency regarding execution speed and pricing.
Today, Gann Markets becomes the latest Financial Commission member to have successfully completed the VMT certification, having satisfied all execution quality standards set out for all members of the Commission. Trades can now view the execution audit results for Gann Markets directly on our website, by clicking here.
Check your broker’s status
All interested parties can now view the execution audit results for members of the Financial Commission using VMT certifications by visiting our Members page or the profile pages of brokers listed in our Members section. Certified brokers will be highlighted with a unique badge as displayed below.
By clicking on the badge users will navigate to a dedicated webpage for each broker that will indicate the last time an audit was performed, how many orders were analyzed, and whether the results satisfied the order execution standards established by VMT.
If you are interested in using the VMT service or would like more information, please reach out to us at [email protected].
About the 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].
The Financial