Financial Commission Approves Ibinex – a Cryptocurrency LP/ECN – As Latest Member

The Financial Commission / Haberler/Etkinlikler / Company News @tr / Financial Commission Approves Ibinex – a Cryptocurrency LP/ECN – As Latest Member

The Financial Commission (financialcommission.org) is pleased to announce its newest member firm Ibinex (www.Ibinex.com) a Cryptocurrency exchange and Liquidity Provider (LP), after a successful membership approval process by our Board of Directors.

Ibinex , which operates an Electronic Communications Network (ECN) provides institutional cryptocurrency liquidity to retail MT4 brokers, by offering execution and pricing in related products such as Bitcoin. (The company’s name IBINEX is an acronym for Intelligent BItcoiN EXchange.)

As traders continuously search for ways to speculate and diversify, during both volatile markets and when trading in major asset classes is less active, cryptocurrencies provide an alternative form of investing/trading – yet choosing the right venue remains a challenge for some retail traders.

In addition, online brokers also find it challenging to find the right places to source cryptocurrency prices and liquidity in order to offer a viable solution to their end users.

Ibinex aims to help meet this challenge in a safe and efficient manner by leveraging its Crypto-ECN business model – that is available via MetaTrader4 (MT4), to best serve brokers and their clients, while maintaining high business standards required by membership with the Financial Commission.

By joining the Financial Commission as a member-firm, clients of Ibinex will have the benefits afforded to them accordingly. In addition, The Financial Commission – will act to mediate complaints and provide outsourced compliance oversight.

Commenting on the announcement, Financial Commission Chairman Peter Tatarnikov explained, “We established an agreement last September with Ibinex  to provide certain compliance related services for their business, and also certified the Ibinex  platform technology recently, so approving the membership application was easier, and we are delighted to add Ibinex  as our first Cryptocurrency LP to join Financial Commission as a member.

 

About Ibinex:                                     

IBINEX LTD is domiciled in St. Vincent and the Grenadines, and is regulated there by the local FSA, and operates technology with PMO provided by Gallant Partners, and provides Bitcoin Liquidity via the MetaTrader4 platform and as a turn-key-solution for brokers.

The iBinex Cryptocurrency trading technology supports an innovative ECN model that provides a range of order types and risk management, and iBinex can hold client funds and can utilize 3rd party custodians.

About Financial Commission:

The Financial Commission is an industry-specific dispute resolution service, and is supported by an experienced Dispute Resolution Committee (DRC) comprised of recognized forex industry professionals. Financial Commission operates under Hong Kong based FinaCom PLC and was established to be a neutral 3rd party to fairly review and resolve complaints in an effort to facilitate a simpler and swifter resolution than through regulatory and typical legal systems which vary.

As an external dispute resolution (EDR) organization for consumers and traders who are unable to resolve disputes directly with their financial services providers, the Financial Commission provides its services to clients of brokerages that are members of the Financial Commission. In addition, the Financial Commission provides platform certification, educational information for traders, and participates at industry events to increase awareness of the viable solution it provides to help brokers and their clients in cases when unresolvable disputes arise.

For more information, please contact The Financial Commission: [email protected]

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