This Tuesday, the Financial Commission announced that it had added Forex4you as its newest approved member.
Forex4you is a forex broker based. It was established in 2007. It is based in the British Virgin Islands. However, Forex4you does not provide its services for customers in several countries. These include users based in the European Economic Area (EEA), Australia, Canada, the U.S, and Japan.
The broker’s membership has officially started on October 22. This is a big deal for the broker. From now on, due to its status, customers of the firm now have access to the Financial Commission’s protection services.
The Financial Services Commission, also known as an independent external dispute resolution (EDR) organization, provides brokerages and their clients with a third party mediation platform. This institution works on resolving issues when the separate parties are unable to agree. It also makes sure that both sides are well informed, and possess an overall knowledge about the digital currency, Forex, and blockchain. Besides, one of the agency’s services includes protection for up to €20,000 per the submitted charge or accusation. As the company stated, it offers an unbiased and efficient resolution process to any brokerage and clientele problem.
The Financial Commission made an official statement. The agency said that they were happy to welcome Forex4you. The broker has joined a diverse range of brokerages and independent services providers (ISPs) that have been using the services of the dispute resolution organization.
General information on the Financial Commission
Members of the Financial Commission include CFD brokers, forex, as well as companies that operate in the cryptocurrency space. The Financial Commission is continuously working on its offerings and adding new members to its EDR service.
The Financial Commission provides its DX and CFDs Traders with, a variety of services.
Here are some of them:
- Protection by Commission’s Compensation Fund
- An opportunity to choose from more than 30 approved Members
- An opportunity to resolve issues
- A swift and efficient investigation and resolution
In addition, earlier this year, the agency approved DealFX, an A-category online brokerage.
Also, the agency has recently added Trade99, a provider of a leveraged cryptocurrency-based asset trading platform, as an A-category member.