The FinancialThe Financial Commission today announces that the membership status of Vida Markets has ceased following a voluntary withdrawal.
Vida Markets had been a member of the Financial Commission up until December 29th, 2023, when its membership was effectively withdrawn.
The Financial Commission notes that it will not be able to process any new complaints from Vida Markets, following its withdrawal of membership from the Financial Commission as of December 29th, 2023, and moving forward or until membership is approved again.
Furthermore, Vida Markets 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list of current and prior members can be found on our website, including members who have either been expelled or withdrawn voluntarily.
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.
About The Financial Commission
The Financial Commission is an independent external dispute resolution (EDR) forum 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].