Financial Commission Adds Carrax to its Category B Membership

The Financial Commission, an independent self-regulatory Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term specialist for the financial services industry, today announced that it has approved Carrax Inc. as the latest addition to its growing membership.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

[gptAdvertisement]

Carrax is the trading name of BravoPro Capital LTD and is a provider of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), commodities, and contracts-for-difference (CFDs), regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.

The company claims to operate under the ECN / STP model and widely represented in Asia, CIS countries, in the Middle and Far East as well as on the African continent.

Joining the Financial Commission provides Carrax members with several benefits including an objective and cost-effective dispute resolution process that is independent of any broker and regulatory organization.

In addition to a more streamlined and swift resolution process, relative to traditional channels of arbitration, Carrax’s status as a B-category Member provides the company clients with protection of up to $5,000 per submitted claim, backed by the Financial Commission’s compensation fund.

The addition of Carrax to FinaCom’s membership is the latest inclusion since certifying RAMMFX’s trading platform after the investment company passed the regulator’s evaluation by meeting its technical information demands.

FinaCom is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts. The commission’s Dispute Resolution Committee (DRC) serves as its paramount regulatory body which is staffed by executives from leading companies in the financial services industry.