FXPIG’s status as a Member of the Financial Commission took effect on April 4, 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 $20,000 per submitted claim, backed by the Financial Commission’s compensation fund.
Leading external dispute resolution (EDR) organization, Financial Commission, catering to the financial services industry and operated by FinaCom PLC, today announces FXPIG as its newest approved Member.
The Financial Commission provides brokerages and their clients with an unbiased 3rd party mediation platform that helps resolve complaints in instances where the original parties are unable to come to an agreement themselves.
For approved members and their clients participating in the CFD and foreign exchange (forex) markets, the Financial Commission helps facilitate a simpler, swifter resolution process than can be had through common regulatory channels such as arbitration or the local court systems.
FXPIG joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission as part of their overall commitment to their clients whilst upholding the strict membership requirements of the Commission.
The Financial Commission Chairman, Peter Tatarnikov said, “We are pleased to see new brokers continuing to join the Financial Commission and proud to welcome A category member FXPIG as our latest approved member and the most recent brokerage to join the Financial Commission. Our ongoing membership growth reflects the importance of efficient dispute resolution and shows that companies and their clients value when a neutral 3rd party provides such services. Financial Commission provides an unmatched dispute resolution process which FXPIG and its customers can now take advantage of.”
In the same light, Kevin Murcko, CEO of FXPIG, commented that “Our primary goal has always been creating the best trading environment possible, part of that is ensuring that we are constantly working toward aligning our interests with that of our clients. The Financial Commission is the premier EDR in the retail FX industry, and it provides both our company and our valued customers peace of mind, which comes from knowing that any disputes that may arise will be arbitrated professionally and impartially.”