September 14th 2021, The Financial Commission today announces increases in newly filed complaints, resolved complaints, as well as amounts awarded to traders for August 2021 as part of its monthly Complaints Digest. The organization also experienced a slight slowdown in already swift average dispute resolution times, with 7.6 days average for the month.
Key monthly highlights for August 2021:
Month Over Month Comparison
Key Takeaways
Conclusions
Trades continued to rely on external dispute resolution services (EDR) in the late summer as highlighted by the growth of several key metrics of the Financial Commission for August 2021. Increases in new filed and resolved complaints suggest traders are continuing to try and take advantage of market opportunities with the Dispute Resolution Committee (DRC) continuing to process a large number of complaints. The DRC was able to award a significantly larger amount of compensation to traders in August despite a lower total amount sought in all submitted complaints. At the same time, a little over 22% of all new complaints filed with the DRC in August were valued between $1,000-$10K+, highlighting the continued importance of the organization to investigate complaints with a significant monetary value. During the month, the DRC was able to resolve 55% more complaints than in July with additional operational resources, while the complexity of cases and communication times led to an uptick in 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]
September 08, 2021, The Financial Commission today announces execution certification for Fiber 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, Fiber 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 Fiber 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.
August 30, 2021, The Financial Commission today announces Fiber 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.
Fiber Markets status as an Approved Broker Members of the Financial Commission took effect on August 30, 2021, 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.
Fiber 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 Fiber Markets
Fiber Markets provides traders access to a platform for buying and selling foreign currencies, Metals, Commodities, CFD’s, and synthetic products. Direct liquidity access over aggregation engine and different account types. Fiber Markets offers a service above world standards. We offer more than 140 products and account options tailored to each trader’s needs.
For more information about Fiber 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].
August 8th, 2021 – The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), CFDs, derivatives, and cryptocurrency markets, today announces Samtrade Academy as a certified educational provider
The Financial Commission conducted a thorough review of the educational content Samtrade Academy offers helping to ensure that users who receive such content have access to accurate educational materials.
Samtrade Academy demonstrated compliance to a set of standards that the Financial Commission requires to meet as part of the certification process. Samtrade Academy is now listed on Financial Commission’s official website as a certified education provider.
About Samtrade Academy
Samtrade Academy is a leading education organiser with hundreds of events and courses in business, entrepreneurship, tech, personal finance and lifestyle.
Samtrade Academy partners with industry experts from all around the world to provide you with practical programs which you can put into action immediately.
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 12, 2021, The Financial Commission today announces a partnership with Your Bourse – a unique and leading Platform-as-a-Service fintech provider for the retail brokerage and institutional marketplace looking to optimise their trading experience and results. With this new partnership, The Financial Commission opens up a new benefit for members when they sign up with Your Bourse.
With the aim to help clients and brokers to be more profitable and prudent, The Financial Commission will offer the benefit of volume fees credits for up to 3 months* with Your Bourse Platform-as-a-Service.
At the core of the Your Bourse service is the Liquidity Manager, Matching Engine and MT4/5 Bridge offering brokers a seamless way to route orders and pricing, conduct real-time risk management and client reporting.
The Your Bourse service also offers brokers with individual services:
Commenting on the recent partnership, Andrey Vedikhin, Founder and CEO/CTO Your Bourse, said, “We are delighted to have partnered with The Financial Commission to enable members to benefit from Your Bourse solution and leverage our technology to drive profitability and minimize risk.”
Peter Tatarnikov, Board Member of The Financial Commission, added “our organization is always looking for new ways to help our broker members improve their operations and trading experience for customers. Our partnership with Your Bourse is yet another example of such commitment and will enable our members to utilize new technologies in managing risk and driving revenue.”
About Your Bourse
Your Bourse is a London-based company founded by Andrey Vedikhin. Your Bourse provides a Platform-as-a-Service solution for FX, CFD and crypto liquidity management, data analytics, reporting and risk management solutions to the retail brokerage and institutional marketplace. The flexible and competitive pricing policy and bespoke packages allow companies of all sizes and capacities to safely benefit from Your Bourse tools. Brokers also get access to liquidity from leading liquidity providers, hosting services in Equinix data centres and lightning-fast execution through MT4/MT5 bridges.
For further information on Your Bourse or to schedule a demo, please visit https://www.yourbourse.com/
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 Your Bourse service is provided with a credit of volume fees for 3 calendar months to broker members of the Financial Commission who are in good standing with the Commission per the Commission’s Rules and Guidelines.
August 11th 2021, The Financial Commission today announces increases in newly filed complaints, resolved complaints, as well as amounts sought by traders for July 2021 as part of its monthly Complaints Digest. The organization also experienced a noticeable improvement in already swift average dispute resolution times, with a 6.5 days average for the month.
Key monthly highlights for July 2021:
Month Over Month Comparison
Key Takeaways
Conclusions
Interest in trading global markets has continued to support demand for external dispute resolution services (EDR), as highlighted by the growth of several key metrics of the Financial Commission for July 2021. Increases in new filed and resolved complaints amounts sought, as well as average complaint values, suggest traders are continuing to try and take advantage of market opportunities. At the same time, non-trading complaints rose 35% during the month, indicating that traders may be having issues with such things as bonuses or brokerage terms and conditions. Roughly 23% of all new complaints filed with the Dispute Resolution Committee (DRC) in July were valued between $1,000-$10K+, highlighting the continued importance of the organization to investigate complaints with a significant monetary value. During the month, the DRC was able to resolve 58% more complaints than in June, with average resolution times improving 33% to a still manageable 6.5 days.
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].
July 27th, 2021, The Financial Commission today announces a partnership with Finwizard – a new HR consulting service specific to the online brokerage industry to help broker members find the right candidates for their hiring needs. The new Value-added service allows Financial Commission broker members to enjoy 50% off any fees for the first successful hire using Finwizard*!
Finwizard Hiring Approach
Finwizard has over 15 years of experience in placing the most qualified people in brokerages from entry-level to executive positions. The company uses its unique approach by partnering with top brokers and connecting candidates with opportunities that will put their skills to work in exciting ways.
The HR consulting service maintains an extensive database of candidates for all departments and executive positions and is ready to provide consulting services to the human resources of any online brokerage.
Finwizard delivers:
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 Finwizard service is provided with a 50% discount for any fees incurred during the successful first hire for broker members who are in good standing with the Commission per the Commission’s Rules and Guidelines.
July 26, 2021, The Financial Commission today announces execution certification for DeltaFX, 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, DeltaFX 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 DeltaFX 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.
July 22, 2021, The Financial Commission today announces Exness 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.
Exness status as an Approved Broker Members of the Financial Commission took effect on July 22, 2021, 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 client, 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.
Exness 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 Exness
Exness is a leading global multi-asset broker, offering FX currency pairs, precious metals, cryptocurrencies, commodities, indices and stocks, under excellent trading conditions. With a legacy in the fintech industry spanning over a decade, Exness is the go-to broker for anyone looking to benefit from the world of online trading, whether they are making their first steps or looking to expand and diversify their current portfolio. Founded on the pillars of trust, transparency, integrity and innovation, Exness offers a gateway to the financial markets that is second to none.
For more information about Exness, 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].
July 15th, 2021, The Financial Commission today announces a partnership with GetID – a comprehensive and customizable service that helps businesses verify identities, streamline customer onboarding, stay compliant with regulations and prevent fraud. The new Value-added service allows Financial Commission broker members to enjoy 50 free verifications* for this unique ID verification and onboarding solution.
GetID Offering
GetID’s all-in-one solution includes ID Document Verification (7000+ documents, 223+ countries), Face Matching, Liveness test, AML Watchlists Screening, and Proof of Address check. Brokers can quickly integrate GetID into their existing operations with several options, including Mobile and Web SDKs, API or Cloud-based verification page.
By using GetID, broker members can:
Brokers that are already using GetID have been able to increase their customer conversions up to 40% and cut down verification time by 90% according to the latest case study.
Easy Integration
GetID’s latest feature called “KYC flow builder” enables developers and compliance professionals to quickly implement online verification into their system in accordance with specific regulatory requirements, set up multiple verifications flows, choose a preferred integration option and customize the visual appearance by using the UI style editor.
Brokers can take advantage of the system’s flexibility by using the administration portal, which allows operations and compliance departments to oversee verification results, easily manage processes and collaborate with team members.
About GetID
GetID is a modern and comprehensive solution that enables clients to swiftly and seamlessly perform online Identity Verification, and to significantly improve the onboarding process for your business. GetID provides a number of services depending on the client’s needs, including ID Documents Verification, Age Verification, Face Matching, Liveness Detection, AML/KYC checks, PEPs and Sanctions List Screening across different regulated and non-regulated industries like Fintech, Payments Services Providers, Cryptocurrency, Sharing Economy, Telecom companies, Telemedicine and more.
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 GetID service is provided with 50 complimentary verifications for broker members who are in good standing with the Commission per the Commission’s Rules and Guidelines.
July 13th, 2021, The Financial Commission today announces its operating metrics for the first half of 2021 as part of its ongoing Complaints Digest publications highlighting the organization’s performance. Continued interest in trading volatile global financial markets following the Covid-19 pandemic has led to significant changes in some key metrics of the dispute resolution service of the organization, while average dispute resolution times continued to improve. The organization also added 5 new broker members and certified two platform providers during this period.
Key Half Year Highlights (as compared to 1H 2020):
A Detailed Summary
Key Takeaways for 1H 2021
Conclusions
The Financial Commission continues to effectively resolve traders’ disputes and public inquiries during continued elevated trader and broker activity around the world. Continued interest in trading opportunities in global markets has resulted in more demand for trading services among broker members, who have adapted their internal dispute resolution (IDR) processes to the influx of new traders seen in 2020 and, as such, have led to the reduction of compensation amounts sought from their trades. The Dispute Resolution Committee witnessed a significant rise in compensation sought from non-member brokers of 217%, indicating that trader protections are still lacking around the world. Several key outliers in amounts awarded to traders and average complaint values have negatively impacted 1H 2021 results, yet these metrics reflect the continued effectiveness of the dispute resolution service. “Trading related” complaints rose by 19% for the first half of 2021, while “non-trading related” complaints more than doubled to 325 in this time period, highlighting the broad scope of issues experienced by traders today. The highest trending complaints topics included account blocking, withdrawal of funds and price check requests further highlighting the continued interest in trading FX and CFD markets by traders of all experience levels.
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].
July 6, 2021, The Financial Commission today announces Fxview 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.
Fxview status as an Approved Broker Members of the Financial Commission took effect on July 6, 2021, 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.
Fxview 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 Fxview
Fxview is leading financial services and CFD broker that services clients in over 25 countries. The company provides clients with a comprehensive trading experience by offering low commissions, thin spreads, multiple platforms & trading tools and a clutter-free trading environment.
Fxview brand is operated by Charglate SVG LLC registered by the Registrar of International Business Companies in Saint Vincent and the Grenadines, with number 1112 LLC 2021, a subsidiary of Charlgate Ltd, part of the Finvasia Group of companies which holds multiple licences and registrations: CySEC licence number 367/18, registrations with the UK Financial Conduct Authority – FCA ( 850138), the German Federal Financial Supervisory Authority – BaFin ( 157125), the French Autorité de Contrôle Prudentiel et de Résolution – ACPR ( 85051), the Italian Commissione Nazionale per le Società e la Borsa – CONSOB ( 5151), the Spanish Comisión Nacional de Mercado de Valores – CNVM ( 4892), the Norway Finanstilsynet – ( FT00118545).
For more information about Fxview, 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 9th 2021, The Financial Commission today announces significant increases in key metrics, including new complaints filed, amounts sought and awarded in May 2021 as part of its monthly Complaints Digest. The organization also experienced a further spike in trading related complaints while average dispute resolution times increased to 7.2 days for the month.
Key monthly highlights for May 2021:
Month Over Month Comparison
Key Takeaways
Conclusions
Continued massive demand for trading on global markets, including digital currencies and derivatives, continues to drive the external dispute resolution services (EDR), as highlighted by several key metrics of the Financial Commission for the previous month. Increases across the board in new filed and resolved complaints amounts sought and awarded to traders, as well as average complaint values, suggest more traders are taking on substantial risks in their trading sizes as they try and take advantage of market opportunities. Roughly 32% of all new complaints filed with the Dispute Resolution Committee (DRC) in May were valued between $1,000-$10K+, highlighting the continued importance of the organization to investigate complaints with a significant monetary value. During the month, the DRC was able to resolve 15% more cases than in April, with average resolution times rising by 29% to a still manageable 7.2 days.
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].
June 8, 2021, The Financial Commission today announces the certification of collective investment platform service provider Fiboda by Opoforex as part of its ongoing efforts to help ensure investors and authorized traders are operating in a fair and transparent environment with commonly accepted standards for operating collective investment trading accounts.
Collective Investment Certification
The Financial Commission has developed a comprehensive certification to audit the key policies and procedures used in Copy Trading and on PAMM investing platforms due to increased demand, as well as interest in evaluating such services from the public. Fiboda becomes the latest collective investment platform service provider to successfully complete the Financial Commission’s certification. Investors and authorized traders using Fiboda can be assured that they are operating on a level playing field, with commonly accepted standards for managing and operating collective investment accounts.
About Fiboda
Fiboda is a powerful social trading platform that brings you thousands of high-performance traders from around the world and you can easily follow their strategy. Fiboda offers the latest technologies in social trading which enable its users to be flexible in risk management.
Offering a totally free platform for investors (with no profit sharing or subscription fee) and having more than 10,000 providers to choose from is making Fiboda one of the largest platforms for both traders and investors.
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.
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.
To find out how the Commission is increasing transparency for technology and platform providers, please visit the Certification Services section of our website.
June 7, 2021, The Financial Commission today announces Opoforex 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.
Opoforex status as an Approved Broker Members of the Financial Commission took effect on June 7, 2021, 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.
Opoforex 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 Opoforex
Opoforex was founded with the aim of helping ambitious people around the world realize their economic potential in a constantly changing financial world. The broker offers investors a unique trading experience with the latest trading technologies that focus on providing all the tools and knowledge they need to build their financial future. A high-tech platform that offers a 360-degree trading experience.
For more information about Opoforex, 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