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Retail FX

Financial Commission Approves IUX Markets for Membership and Customer Protection

As a member, IUX clients gain access to services including protection for complaints up to €20K.
The Financial Commission offers an independent platform for resolving disputes in forex, CFDs, and crypto markets.

Thursday, 07/11/2024 | 10:22 GMT by Tareq Sikder

Retail FX

Financial Commission Drops DeltaFX from Membership over “Rule Violations”

The firm’s clients can no longer claim compensation through the Financial Commission.
The Compensation Fund is available only to members' clients, based on the Committee's rulings.

Friday, 01/11/2024 | 09:22 GMT by Tareq Sikder

Retail FX

Neex Signs On with FinCom as Approved Broker Member for Dispute Resolution

Under this membership, FinCom will provide Neex's clients up to €20,000 protection per complaint.
The organization recently appointed Aytugan Khafizov to its Dispute Resolution Committee.

Thursday, 03/10/2024 | 14:37 GMT by Tareq Sikder

Retail FX

PU Prime Gains Financial Commission Membership, Increasing EDR Services

The firm's customers have access to various benefits, including protection of up to €20,000 per complaint.
Founded in 2016, it offers trading in over 900 products, including forex, indices, commodities, shares, bonds, and ETFs.

Tuesday, 16/07/2024 | 13:52 GMT by Tareq Sikder

Executives

FinCom Bolsters DRC by Onboarding FastMT CEO

Aytugan Khafizov's experience, with roles at Alpari and MetaQuotes, highlights his industry expertise.
FastMT aids brokers in improving trading systems, showcasing focus on advancing industry technology.

Tuesday, 28/05/2024 | 12:02 GMT by Tareq Sikder

Retail FX

PrimeXBT Joins FinCom to Streamline Dispute Resolution

The broker offers trading services in spot forex, cryptocurrencies, commodities, and indices, as well as crypto futures.
Its clients will receive €20,000 in deposit protection and dispute mediation services.

Wednesday, 24/04/2024 | 05:29 GMT by Arnab Shome

Retail FX

Exploiting Online Platforms: EBC Warns against Impersonators

The firm offers the official mobile application developed by MetaQuotes and does not offer any in-house alternatives.
The UK entity does not grant authorization for providing investment recommendations.

Thursday, 23/11/2023 | 10:46 GMT by Tareq Sikder

Retail FX

Canada's CSA Removes Financial Commission from 'Investor Alert' List

FinCom's name appeared on CSA's warning list on 20 June, which seemed to be a mistake.
The organization offers dispute resolution services and has many reputed brokers as members.

Tuesday, 29/08/2023 | 12:00 GMT by Arnab Shome

Institutional FX

JDR Securities Adopts External Dispute Resolution with FinCom Membership

The membership provides access to protection for up to €20,000 per complaint.
FinCom mediates disputes when parties cannot reach an agreement.

Tuesday, 22/08/2023 | 08:11 GMT by Jared Kirui

Institutional FX

FinCom Grants Membership to EBC Financial Group

The group is regulated by the Financial Conduct Authority (FCA).
EBC has offices in London, Tokyo, and Singapore, among other countries.

Wednesday, 09/08/2023 | 18:54 GMT by Jared Kirui

Retail FX

Financial Commission Grants DLS Markets Membership

The broker will have access to a €20,000 compensation fund for every complaint submitted.
DLS Markets provides clients with a range of CFD products and services.

Thursday, 06/07/2023 | 11:16 GMT by Jared Kirui

Retail FX

FinCom Discontinues BalansFX Membership over Compliance Failure

BalansFX became an approved member of FinCom in July 2020.
Meanwhile, FinCom warned against TresorFX, a platform recently flagged by the FCA.

Wednesday, 31/05/2023 | 13:34 GMT by Solomon Oladipupo

Retail FX

Financial Commission Warns against Clone Website

The clone website listed expelled brokers as FinCom members.
FinCom has already filed complaints against the clone website.

Friday, 31/03/2023 | 10:15 GMT by Arnab Shome

Executives

LiquidityFinder’s Founder Sam Low Joins FinaCom’s DRC as 34th Member

Low founded LiquidityFinder in 2018.
FX traders seeking compensation from brokers in 2022 declined to $12.4 million.

Thursday, 02/02/2023 | 22:35 GMT by Solomon Oladipupo

Retail FX

Compensation Sought by FX Traders Worldwide Drops 17% to $12.4M in 2022

FinaCom expanded its global presence by 30% last year.
The organization also marked its fastest average resolution time since its founding.

Wednesday, 25/01/2023 | 20:09 GMT by Solomon Oladipupo

Retail FX

Compensation Sought by FX Traders from Brokers Drops 3% to $3.3M in Q4

This is according to FinCom's Quarterly Complaints Digest for Q4 2022.
The EDR body said range bound FX prices as well as winter holidays affected key metrics.

Saturday, 21/01/2023 | 10:46 GMT by Solomon Oladipupo

Retail FX

Baxia Markets Emerges Latest Approved Member of FinCom

FinCom recently approved Vida Markets' membership but withdrew IdealFX's.
More forex traders demanded compensation from FinCom broker members in Q4 2022.

Friday, 20/01/2023 | 18:50 GMT by Solomon Oladipupo

Retail FX

FinCom Approves Vida Markets' Membership, Withdraws IdealFX’s

Vida Markets' membership took effect on December 12, 2022.
IdealFX ceased to be a FinCom member late last year.

Thursday, 12/01/2023 | 16:39 GMT by Solomon Oladipupo

Brokers

Offshore FX Broker ThreeTrader Becomes Financial Commission Member

The brokerage offers retail counterparty trading services with a Vanuatu license.
The broker's clients will get €20,000 in deposit protection and dispute mediation services.

Wednesday, 11/01/2023 | 10:50 GMT by Arnab Shome

Retail FX

FinCom Awards 36% More Compensations to Forex Traders in Q3 2022

The number of complaints rose 5% to 809 complaints during Q3 2022.
The majority of complaints were about account blockage and funds withdrawal.

Friday, 07/10/2022 | 17:21 GMT by Solomon Oladipupo

Retail FX

Australian Broker Vantage Becomes Newest Member of FinCom

FinComm has over 40 approved forex broker members.
Moneta Markets separated from Vantage last month.

Friday, 07/10/2022 | 14:14 GMT by Solomon Oladipupo

Retail FX

CFD Service Provider Bold Prime Becomes Member of FinCom

Bold Prime’s membership took effect on August 17th.
FinCom has expelled at least two brokers this year.

Thursday, 25/08/2022 | 14:00 GMT by Solomon Oladipupo

Brokers

Fullerton Markets Becomes Broker Member of FinCom

The broker’s approved membership status took effect on Monday.
FinCom has accepted as least three brokers as members this year.

Tuesday, 23/08/2022 | 16:47 GMT by Solomon Oladipupo

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