Financial Commission Announces Carrax as Latest Approved Member
Carrax’s status as a B-category Member of the Financial Commission took effect on September 19, 2017, following the approval of its membership application by FinaCom PLC’s board
The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and cryptocurrency markets, today announces Carrax as its newest approved Member.
Carrax’s status as a B-category Member of the Financial Commission took effect on September 19, 2017, following the approval of its membership application by FinaCom PLC’s board, thus allowing the company and its customers access to a wide range of services and membership benefits including, but not limited to, protection for up to $5,000 per submitted claim, backed by the Financial Commission’s compensation fund.
Financial Commission provides brokerages and their customers with an unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.
For approved members and their clients participating in CFDs and foreign exchange (forex) markets, Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
Carrax joins a diverse range of brokerages and independent services providers (ISPs) that utilise the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.