September 24, 2019, The Financial Commission today announces execution certification for WorldForex, an approved member of the Commission using Verify My Trade, a “value-added” service launched in 2018 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, WorldForex 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 WorldForex 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].
September 23, 2019, The Financial Commission today announces execution certification for DealFX, an approved member of the Commission using Verify My Trade, a “value-added” service launched in 2018 to promote pricing and execution transparency in the Forex market. DealFX becomes the 10th broker member to receive the VMT certification.
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, DealFX 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 DealFX 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].
August 21, 2019, The Financial Commission, today announces World Forex as its newest approved Member.
World Forex status as a Member of the Financial Commission took effect on August 21, 2019, 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 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.
World Forex joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.
About World Forex
World Forex is an international brand under Existrade LTD group of companies. World Forex provides online trading services since 2007, giving its customers the best trading conditions and impeccable customer service. The company offers a wide variety of trading assets, including currencies, precious metals, stocks, commodities, and digital currencies. The minimum initial deposit in $ 1 and a wide range of trading accounts types provide the most comfortable environment for all classes of traders. The company’s innovative trading technologies provide an ability to access the financial markets from any place and device. World Forex strives to ensure successful trading experience and financial independence for all their traders around the world.
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 Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
The warning list is to inform the public of companies that we do not recommend to trade with, following numerous reports and complaints filed by customers regarding non-member firms concerning fraud or wrongdoing, which includes the conduct listed below:
Ponzi scheme, Pyramid Scheme, or a High-Yield Investment Program
Theft or misappropriation of funds
Fraudulent or unlicensed offering
False or misleading statements about a company
Other fraudulent conduct
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July 24, 2019, The Financial Commission today announces the appointment of Airsoft LTD CEO, Shay Benhamou to its Dispute Resolution Committee (DRC).
Enhancing the DRC structure
Mr. Benhamou is the 24th industry expert to join the Financial Commission’s DRC – which consists of a diverse panel of industry professionals, who follow a non-bias protocol to process and resolve complaints from our members’ clients.
As the CEO of the Trading Technology Provider Airsoft, Mr.Benhamou has lead the company over the past 5 years to become a leading Fintech Provider in the field of online forex and crypto trading industry. Mr. Benhamou also worked at Camalia Capital Markets, which was the exclusive Israeli representative of Societe Generale in Israel, where he was responsible for growing the client base of algorithm traders and high frequency algorithmic trading.
Peter Tatarnikov, Financial Commission Chairman, commented on the appointment: “Shay is a dedicated professional in trading technology and we are thrilled to have him on board our Dispute Resolution Committee to assist us with trading related complaints and issues surrounding trading platform performance. I am sure Shay will provide our team with valuable feedback on important complaints regarding the trading of spot forex, CFDs and digital assets.”
About Shay Benhamou
Mr. Benhamou has many years of experience in international trading and capital markets. Mr.Benhamou attended Concordia University in Montreal Canada where he received a Bachelors in Commerce majoring in Finance in 1996 and commenced his career as a trader for Parenteau Corporation. Commencing in 1999, Mr.Benhamou worked at Gmul Sahar (a Tel Aviv Stock Exchange member ) and then Migdal Capital where his responsibility was to execute institutional orders from Israeli institutions looking to invest in international markets.
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.
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.
The warning list is to inform the public of companies that we do not recommend to trade with, following numerous reports and complaints filed by customers regarding non-member firms concerning fraud or wrongdoing, which includes the conduct listed below:
Ponzi scheme, Pyramid Scheme, or a High-Yield Investment Program
Theft or misappropriation of funds
Fraudulent or unlicensed offering
False or misleading statements about a company
Other fraudulent conduct
Don’t miss the latest news and discussion on our Telegram channel. Subscribe today!
July 16th, 2019, The Financial Commission today announced the successful participation of its recently launched Blockchain Association as an exhibitor and workshop presenter at the Barcelona Trading Conference (BTC), which took place on July 10-11th in Barcelona, Spain. Blockchain projects, technology providers and other interested parties met with Association representatives to discuss the recently launched external dispute resolution (EDR) and security audit certification services.
Barcelona Trading Conference
The first annual BTC took place at the Barcelona International Convention Centre and brought together over 50 exhibitors, speakers and hundreds of attendees. The Association was pleased to receive a high level of interest among the event’s participants and guests, highlighting the significance of the Association’s services for the Blockchain industry and digital assets today.
Booth visitors were provided with demonstrations on the EDR process, as well as the criteria required to obtain a security audit certification from the Association’s experts.
Workshop: Practical Approaches to EDR
During the first day of the event, the Association’s Chief Operating Officer, Nikolai Isayev, hosted a workshop to highlight the history of existing EDR mechanisms and how they were applied to the new EDR service offered by the Association.
Blockchain Association Chairman of the Board, Peter Tatarnikov commented on the event: “We are excited for the success of the first ever BTC conference hosted by our colleagues and look forward to more important events in the future. We are glad to have met and networked with leading technology and other providers at the event”.
About the Blockchain Association
The Blockchain Association is uniting cryptocurrency exchanges and financial firms transacting on the blockchain that are committed to upholding the highest standards of commercial honor and best business practices by providing their customers free external dispute resolution (EDR) services. In joining the professional community companies and individuals have the unique opportunity to consult with industry experts, legal and compliance professionals and fellow association members about regional regulations and compliance in key global markets where digital currencies are in very high demand.
July 11, 2019, The Financial Commission, today announces Royal C Bank as its newest approved Member.
Royal C Bank status as an A-category Member of the Financial Commission took effect on July 11, 2019, 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 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.
Royal C Bank joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.
About Royal C Bank
Royal C Bank has been launched by former equity and crypto-traders in one of the most successful prop-trading firms in the industry. Company’s goal is to help users improve their trading performance in the long-run.
For more information, please contact Royal C Bank: [email protected]
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 Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
July 3rd, 2019, The Financial Commission, today announces a partnership with Tradefora, an independent provider of pre and post trade execution analytics. The new partnership will give traders more options to check their executed prices against the overall market, thus increasing pricing and execution transparency for the FX market.
Expanding Best Execution Efforts
The Financial Commission first launched efforts to increase pricing and execution transparency for traders in August of 2018 in partnership with Verify My Trade, and has issued 11 best execution audit certifications to broker members so far.
Tradefora TradeGuard™
To further expand the availability of analytical tools for traders the Commission has partnered with Tradefora to provide broker members and their customers access to the TradeGuard and TradeGuard Live tools. The easy to use tool works in real-time by scoring each trade against the trade blotter to determine if it was executed within the acceptable market range.
Through our partnership, customers of approved broker members using Tradefora TradeGuard can easily access the tools on our official Commission website and navigate directly into the TradeGuard interface to check their trades.
To find out more about the TradeGuard service and how to connect, please visit our dedicated Tradefora website page.
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 Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
July 2nd, 2019, The Financial Commission today announces the launch of a new dedicated website for its Blockchain Association: http://blockchainassociation.io. The new website will represent all services, education, tools and support for the Association’s self-regulatory efforts in the Blockchain space, including its popular external dispute resolution (EDR) service.
Blockchainassociation.io
The new website provides digital asset traders and investors an easy way to submit complaints through the EDR service directly to the Blockchain Expert Committee (BEC) for review. Likewise, visitors can find useful educational materials, as well as Expert Opinion articles from the Association’s experts and partners to learn more about the rapidly evolving cryptocurrency and Blockchain technology industry.
Updated Rules & Guidelines
Along with the new website, the Association has published new Rules & Guidelines for its approved Members and applicants, which will take effect on July 15th, 2019. The new rules govern common standards that members are required to uphold, the member application process, as well as the dispute resolution service between exchanges, wallets, tech firms, and their customers.
About the Blockchain Association
The Blockchain Association is uniting cryptocurrency exchanges and financial firms transacting on the blockchain that are committed to upholding the highest standards of commercial honor and best business practices by providing their customers free external dispute resolution (EDR) services. In joining the professional community companies and individuals have the unique opportunity to consult with industry experts, legal and compliance professionals and fellow association members about regional regulations and compliance in key global markets where digital currencies are in very high demand.
July 1, 2019, The Financial Commission, today announces AxiTrader Limited as its newest approved Member. The company becomes the 45th 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.
AxiTrader Limited status as an Approved Broker Member of the Financial Commission took effect on June 25, 2019, 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 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.
AxiTrader 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 AxiTrader Limited
AxiTrader Limited is a part of the AxiCorp Financial Services Pty Ltd (AxiCorp) group of companies. AxiCorp is a leading global provider of FX and Contract For Difference products and one of the top 10 FX brokers in the world by volume. Founded in Sydney in 2007, AxiCorp has evolved into a world-class, multi-faceted brokerage with offices in six regions. With heavy investment in the latest trading technology, AxiCorp seeks to offer the most comprehensive end to end trading experience available, servicing traders of all levels from beginners to institutional level clients.
To get more information, please contact AxiTrader directly: [email protected]
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 Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
June 19, 2019, The Financial Commission today announces the appointment of former IFM Trade Director and CEO, Oskar Pecyna to its Dispute Resolution Committee (DRC).
Enhancing the DRC structure
Mr. Pecyna is the 23rd industry expert to join the Financial Commission’s DRC – which consists of a diverse panel of industry professionals, who follow a non-bias protocol to process and resolve complaints from our members’ clients.
Oskar has over 12 years’ experience in Financial Services and extensive knowledge of regulatory with particular reference to FX transactions. He has a holistic knowledge when it comes to derivatives and financial markets, having managed multiple advisory projects for the financial sector (leading banks, stock and derivatives brokers across the World) during his time in Big4 consulting firms. After that, he has been running leading brokerage firms in Europe and APAC region as a CEO and Responsible Manager.
Peter Tatarnikov, Financial Commission Chairman, commented on the appointment: “Oskar is a leading expert on European, Asian and Australian markets and he will be a great asset to our DRC team in handling disputes from a variety of viewpoints. Likewise, his experience with derivatives trading will play a significant role when dealing with complaints regarding the trading of Contracts for Difference (CFDs)”.
About Oskar Pecyna
Being the Founder of eOscar independent consulting services, Oskar is involved in a number of prestigious projects assisting companies from the financial sector in Australia and Europe. He also leads a number of M&A projects giving him an insight into the dynamic of multiple industries. He is a well know business mentor and advisor to numerous financial groups. Oskar holds a Masters degree in International Economics from the University of Warsaw and holds the EU AML and Australian RG146 certification in Derivatives, FX, Securities, and Managed Investments.
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.
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.
June 18th, 2019, The Financial Commission today announces the certification of trading technology provider AIRSOFT 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 AIRSOFT’s trading platform, 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.
Financial Commission Chairman Peter Tatarnikov said regarding the new certification, “Airsoft’s platform and other solutions are in great demand among participants in our industry and we are sure that our certification efforts will only help grow this demand. We are happy to see the company take a proactive approach to show the market that their technology solutions satisfy, and in some ways, exceed than the standards set forth by our experts.”
Airsoft LTD CEO Shay Benhamou added, “Another milestone for AIRSOFT has it is now part of Financial Commission family. AIRSOFT technology has been successfully certified by the Financial Commission strict guidelines and we’re looking forward to productive and beneficial cooperation. Nowadays, when the FX industry is encountering many challenges, we see the importance of providing our client base with comprehensive transparent technology that adheres to today’s criteria set by the industry experts that can significantly strengthen the relationship between the Broker and Clients. We believe that the Financial Commission certification and continuous effort to raise the standards of our industry will better the cooperation on a range of issues to maintain client security at a new level. We are sure that it will certainly benefit user experience in order to help grow the business effectively.”
About Airsoft LTD
Founded in 2012 by a group of veteran industry professionals, Airsoft offers comprehensive software solutions and end-to-end business consulting services for the financial markets industry, servicing Forex, CFD and Cryptocurrency trading industries. Brokers can choose top to bottom solutions that encompass everything needed to start an online brokerage or choose a-la-carte solutions, including advanced Trading and Back end solutions, CRM, Quote Feed, Risk Management, Marketing at Brand’s disposal, Multiple Payment solutions in order to help grow their Business effectively. AIRSOFT has placed a strong emphasis on providing robust and user-friendly platforms. AIRSOFT clients experience a smoother business operation in order to increase the efficiency of the sales and support teams. AIRSOFT leverage years of industry experience to bring their clients the best in software and service. AIRSOFT Boutique approach to customer service is above industry standards and sets it apart from the competitors.
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.
The warning list is to inform the public of companies that we do not recommend to trade with, following numerous reports and complaints filed by customers regarding non-member firms concerning fraud or wrongdoing, which includes the conduct listed below:
Ponzi scheme, Pyramid Scheme, or a High-Yield Investment Program
Theft or misappropriation of funds
Fraudulent or unlicensed offering
False or misleading statements about a company
Other fraudulent conduct
Don’t miss the latest news and discussion on our Telegram channel. Subscribe today!
June 11, 2019, The Financial Commission today announces that Dispute Resolution Committee (DRC) member Roberto d’Amborsio has been appointed Chief Executive Officer of Axiory Global, an approved Broker Member of the organization. With the new appointment, Mr. d’Ambrosio will relinquish his role as an expert of the DRC.
Roberto d’Ambrosio
Roberto joined the DRC in February of 2019 and has since been a member of the independent expert team tasked with reviewing information on disputes between traders and broker members of the Financial Commission. Mr. d’Ambrosio is the Co-Founder, CEO, and CIO of Araknos Investment Managers and involved in a number of prestigious roles, including non-executive directorships within regulated financial services firms. Previously, Roberto held senior executive positions in leading brokerage firms like FXDD, Tier1fx, and Alpari.
Peter Tatarnikov, Financial Commission Chairman, commented on the appointment: “Roberto has been a great help in assisting us with dispute resolution efforts. His experience and market knowledge played a crucial role in understanding and resolving complex market disputes. I am sure he will excel in his new role and we sincerely wish him the best of luck.”
About Axiory Global
Axiory Global Ltd is an international FX brokerage company and a member of the Financial Commission since November 2016, approved, authorised and regulated by the IFSC (International Financial Services Commission) as an international financial brokerage in Belize with main aim to provide transparent pricing, exceptional client support and a whole new clients experience, summarized by the Firm’s motto: “Brokerage with empathy”. Axiory Global provides trading on Forex and CFDs on indices, metals, and commodities, via its MetaTrader4 (MT4) and C-trader platforms offering, and offers strategies via its MultiTrader offering within the MyAxiory Global client portal.
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.
The Financial
