The Financial Commission has introduced Fusion Markets as its latest approved member. Earlier, the commission approved Ultima Markets as its approved member as well. This strategic collaboration marks their entry into the realm of self-regulatory forums, showcasing an interest in independent external dispute resolution (EDR) services within the FX industry.
Fusion Markets and Ultima Markets: New Members of Financial Commission
Effective March 6th, 2024, Fusion Markets assumes the status of an Approved Broker Member of the Financial Commission. This accreditation, granted subsequent to the approval of its membership application, grants Fusion Markets and its clientele access to a plethora of services and membership benefits.
With a substantial user base worldwide, Fusion Markets offers competitive pricing without compromising on quality. The platform provides 24/7 support, advanced trading platforms, and a variety of features.
In a separate development, Ultima Markets has recently been approved as a member of the Financial Commission, joining the ranks of online brokerages seeking independent EDR services within the FX industry. The status as an Approved Broker Member has been effective since March 4th, 2024.
Specializing in CFD trading, Ultima Markets offers access to over 250 financial instruments. As a fully licensed and regulated brokerage, Ultima Markets serves clients in more than 172 countries, providing advanced financial technology for trading in Forex, Shares, Metals, Energies, Indices, and Cryptocurrencies.
Both the firms and their customers now have access to a suite of services and benefits, including protection for up to €20,000 per complaint through the Financial Commission’s Compensation Fund.
The Role of the Financial Commission
The Financial Commission provides brokerages and their patrons with a neutral 3rd party mediation platform. This platform proves instrumental in resolving grievances when direct agreements between involved parties are unattainable. For participants engaged in CFDs, foreign exchange, and cryptocurrency markets, the Financial Commission streamlines dispute resolutions, offering a more expeditious alternative to conventional regulatory channels, such as arbitration or local court systems.
