July 22, 2021, | AtoZ Markets – Exness, a forex and contracts for difference (CFDs) broker has become the latest approved member to join the Financial Commission (FinCom), a self-regulatory organization in the financial services space.
The Financial Commission membership of Exness will allow the company and its clients to access a wide range of services and membership benefits including, but not limited to, protection of up to €20,000 per client, backed by the EDR’s compensation fund.
The Financial Commission, founded in 2013, is an independent external dispute resolution (EDR) that provides services to CFDs, foreign exchange (forex), and cryptocurrency markets industry participants.
Meanwhile, Exness is a renowned FX broker who turned multi-asset, offering precious metals, cryptocurrencies, commodities, indices, and stocks.
Read also: Exness Acquires FSCA License To Operate in South Africa
The sheer popularity of the Commission’s EDR program among the FX industry has seen trading firms lining up to obtain the status of an Approved Broker Member of the Financial Commission.
Exness is the latest online brokerage to join the ranks of the self-regulatory organization in order to benefit from the 3rd party mediation platform which helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.
Brokerages and independent service providers (ISPs) utilize the services of the self-regulatory organization to obtain a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
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