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HDForex (Tbilisi Traders Club) Rejoins Financial Commission as Category B Member

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

“Over time, brokerages and technology providers see the long term value of being members with Financial Commission, to help demonstrate transparency, self-regulatory efforts, and provide their clients access to DRC-processed complaints and compensation fund eligibility” – Peter Tatarnikov, Financial Commission

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The Financial Commission (FinaCom PLC), 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 that HDForex (Tbilisi Traders Club) has re-joined Financial Commission as category B member.

HDForex had previously held membership status from March 2015 through September 2016, and now re-joins with approved membership status effective as of September 25th, 2017 after acceptance FinaCom PLC’s board.

Компания HDForex, являясь Членом Финансовой Комиссии с марта 2015 года по сентябрь 2016, вновь присоединяется к списку Членов, начиная с 25 сентября 2017 года, после одобрения ее заявки Советом директоров Финансовой Комиссии.

As a category B Member, HDForex and its customers are entitled 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.

The Financial Commission is an industry-specialized independent organization that provides a cost effective and efficient method for processing and resolving disputes that arise with consumers of firms that hold approved membership status.

Commenting on the new membership approval, Financial Commission Chairman Peter Tatarnikov said, “We are pleased to see HDForex return to Financial Commission and reapply for membership. Over time, brokerages and technology providers see the long term value of being members with Financial Commission, to help demonstrate transparency, self-regulatory efforts, and provide their clients access to DRC-processed complaints and compensation fund eligibility.

The door is open for firms that left on good terms and not from expulsion, just as we encourage new and existing market participants to consider the ancillary benefits of Financial Commission membership”

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