The Financial Commission announced today that IUX Markets has become its newest approved Member. This status took effect on November 6, 2024, following approval of IUX's membership application.

IUX Markets Joins Financial Commission

As an Approved Broker Member, IUX Markets and its clients can now access various services and benefits, including protection of up to €20,000 per submitted complaint, supported by the Financial Commission's Compensation Fund.

IUX Markets is a global financial services provider offering a variety of trading instruments, such as forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, commodities, indices, and CFDs. The company focuses on technology, security, and transparency in its services.

The Financial Commission offers an independent dispute resolution service for brokers and clients in markets like forex, CFDs, and cryptocurrency. This platform facilitates quicker resolutions than traditional legal processes such as arbitration or courts.

“The 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,” the organization stated.

IUX Markets joins a range of other brokerages and service providers that use the Financial Commission's services to address customer complaints and meet membership obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term.

Neex and PU Prime Join Financial Commission

The Financial Commission has recently announced two new approved members, Neex and PU Prime, highlighting the demand for independent external dispute resolution services in the FX industry.

Neex, an online brokerage offering a range of financial instruments including forex, indices, and commodities, gained approved status on October 3, 2024, as reported by Finance Magnates. This membership provides Neex and its customers access to various benefits.

Similarly, PU Prime, which became an approved member on July 16, 2024, also offers its clients access to services such as protection up to €20,000 per submitted complaint, supported by the Financial Commission's Compensation Fund. Both additions reflect the trend towards utilizing EDR services in the sector.