Fullerton Markets has joined FinCom, an independent self-regulatory organization and external dispute resolution (EDR) body, that is dedicated specifically to Forex.
Forex and CFD broker Fullerton Markets is officially a member of the Financial Commission (FinCom), an external dispute resolution (EDR) organization focused on the forex industry. The broker's membership status was approved by the Commission.
The agreement explains that now Fullerton Markets and its customers can access the full range of services and benefits of FinCom membership. One of these benefits is the protection of up to €20,000 from the Compensation Fund based on the complaint filed.
The Commission explained, "The 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, forex, and cryptocurrency markets, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems."
Since the beginning of this year, FinCom has added at least three forex and CFD brokers to its organization. In June, FinCom welcomed Pepperstone, Agra Markets in March, and a newcomer to the forex industry, Inveslo, in February. Leading brokers such as Exness and IC Markets have also joined FinCom in July and November last year.