The Financial Commission (FinCom), a self-regulatory organization in the financial services space, announced on Wednesday that Pepperstone Markets Limited is its newest approved member. According to the press release shared with Finance Magnates, such an announcement highlights the increased interest and demand for independent external dispute resolution (EDR) services among FX industry participants.
“We are pleased to welcome such an accomplished company and internationally recognized brand into our membership ranks, once again highlighting the fact that our services can benefit traders and brokers in all regions of the world,” Nikolai Isayev, the COO of the Financial Commission, commented.
Tyrone Fitzgerald, the Chief Executive Officer of Pepperstone Bahamas, added: “We’re pleased with the approval of Pepperstone’s status as an Approved Broker Member of the Financial Commission. At Pepperstone, we’re focused on ensuring that our clients, partners, suppliers and employees are proud to be part of an organization that is trusted, regulated and committed to doing what’s right to improve experiences.”
The Financial Commission provides brokerages and their customers with an unbiased third-party mediation platform to help resolve complaints when parties cannot directly resolve disputes. Members and their clients transacting CFDs, leveraged forex and cryptocurrency markets through the Financial Commission benefit from a simpler swifter resolution process than through traditional means, such as arbitration or local courts.
Agra Markets Membership
Recently, Agra Markets became the latest approved member of the organization. The approved status of Agra Markets took effect starting 29 March, following the approval of its membership application by FinCom. This means that any company and its customers could access a wide range of services and membership benefits, including, but not limited to, protection for up to EUR 20,000 per the submitted complaint, backed by the Financial Commission’s Compensation Fund.
As part of their commitment to their clients, Agra Markets joins a variety of brokerages and independent service providers (ISPs) who utilize the services of the Financial Commission.
