The Financial Commission (FINACOM PLC LTD. and its affiliates), established in 2013, is an independent supervisory entity as well as an External Dispute Resolution Authority (EDR). This organization is comprised of a team of proficient individuals with decades of experience hand-picked to resolve disputes in the best manner possible. The whole purpose behind the establishment of this finely tuned organization was to monitor and supervise the activities of Forex Brokerage Firms, investment service providers, and the like in the giant FX Market. An attempt that has brought so many traders, brokers, and investors together from all over the world. So, it stands to reason that an organization of this magnitude goes out of its way to pave the way for transparency, bring about more awareness through education, and cut through all the unnecessary and tedious rigmarole in the hope of creating a better trading environment. One of the ways that the financial commission tries to be there for its registered members is by resolving their disputes in a surgical, impartial, and legal way so neither party remains unsatisfied. On a side note, these disagreements between parties could be about forex, a rather broad topic that could branch out to different things, or Contract for Difference (CFDs) depending on the issue at hand. What makes this supervisory organization stand out among the rest is the fact that it also provides value-added services to its members with a list of benefits as follows: Trade execution certification by VerifyMyTrade, liquidity and brokerage solutions from Advanced Markets, real-time dealing risk management from Broker Pilot, access to fraud detection registry by DisputeWatch, actionable market research free of charge from Delkos Research, and pre and post-trade execution analytics by Tradefora.
As with any other supervisory authority, Financial Commission’s mission is to protect forex brokers and traders alike. However, since individual traders and investors seem to be more vulnerable due to having fewer financial resources, the organization sees to it that each individual is protected by a compensation fund up to €20,000; that is to say, those who can verify their claim. Furthermore, it is made sure that every claimant finds the answers that they are looking for, sees the investigation and resolution through, receives all the required education, and finally is able to choose a truly certified member. Moreover, traders can go to the organization’s official website to file a complaint by simply filling out an online form, review their broker from the list, and check out the warning list which provides further insight into what should be avoided altogether.