Since becoming a new member on July 22, 2021, Exness will receive financial protection from the Financial Commission Compensation Fund.

The Financial Commission (FinCom), a self-regulatory organization in the financial services space, announced that global multi-asset broker Exness has been approved as its member. The press release shared with Finance Magnates detailed that the Financial Commission membership of Exness will take effect from July 22.

Since its founding in 2013, FinCom is known to provide third-party mediation services in case of disputes between member brokers and their clients. It is usually involved when the two parties fail to directly reach any agreement on the dispute. As a FinCom member, Exness will receive a range of services and benefits, most importantly protection of funds of up to €20,000 per client, backed by the Financial Commission Compensation Fund.

See Also: Exness Review

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About Exness

Exness is a big name among Forex and contracts for difference (CFD) brokers offering trading services on currency pairs, precious metals, cryptocurrencies, commodities, indices, and stocks. In addition to focusing on the European market, Exness is now also starting to lead to emerging markets in Southeast Asia, and even got an operational license from the South African regulator earlier this year.

Apart from Exness, some of the newly approved FinCom members are Fxview, Opoforex, and AmorFX.