The Financial Commission, an impartial exterior dispute decision (EDR) group for customers and merchants, introduced this Thursday that DealFX, an internet brokerage, is its newest accredited member.
DealFX was added as an A-category Member of the Financial Commission on March 6, 2019. This membership provides the corporate and its clients entry to a spread of providers, together with safety of as much as €20,000 per submitted criticism, which is backed by the company’s compensation fund and entry to all dispute decision providers supplied by the Commission.
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The EDR group acts as a mediation platform, with the aim of resolving complaints between events when they’re unable to return to an settlement over the disputes themselves. They do that for corporations and their clients inside the digital buying and selling markets resembling overseas change (foreign exchange), contracts for variations (CFDs) and associated derivatives.
“For accredited members and their shoppers collaborating in CFDs, overseas change (foreign exchange) and cryptocurrency markets, Financial Commission helps facilitate an easier, swifter decision course of than by typical regulatory channels resembling arbitration or native court docket programs,” the assertion mentioned.
DealFX Joins Group of Broker-Members
DealFX, which is a global on-line brokerage based in 2015, joins a various group of brokerages and impartial providers suppliers (ISPs) which can be members of the Financial Commission.
The agency is predicated on the Marshall Islands and presents a spread of buying and selling devices, together with FX. It is the newest agency to make the most of the providers of the decision company.
As Finance Magnates reported, the Financial Commission accredited Grand Capital VMT, a foreign exchange dealer, to improve its membership standing to Category A efficient November 21, 2018.
Grand Capital joined Financial Commission’s roster of present on-line brokerages and impartial providers suppliers as a class B member again in January 2016.
In January, the Commission has additionally issued an execution certificates for Libertex, which is an accredited member of the Commission utilizing Verify My Trade. This is a “value-added” service which launched final 12 months to advertise pricing and execution transparency within the FX market. Libertex was the 10th dealer member to obtain the VMT certification.