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Financial Commission announces FX Group as latest approved member

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Georgian FX brokerage FXGroup has joined the FX industry’s external dispute resolution service, The Financial Commission, as an A-category member

Today, the FX industry’s external dispute resolution (EDR) organization, Financial Commission, operated by FinaCom PLC, today announces Georgian retail forex brokerage FX Group as its newest approved Member.

FX Group’s membership of the Financial Commission as an A-category Member of the Financial Commission took effect on December 11, 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. FX Groups and membership benefits including, but not limited to, protection for up to $20,000 per submitted complaint, 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.

FX Group joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.

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