The Financial Commission has confirmed VT Markets' membership to address external dispute resolution (EDR), specifically in the Forex industry.

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Multi-asset company VT Markets forex broker has announced its new membership with the Financial Commission to access independent Eternal Dispute Resolution (EDR) services in the FX industry. This step responds to the need of financial market players for comprehensive protection in resolving forex-related disputes and complaints.

Founded in 2015, the ASIC-regulated broker has served more than 4 million clients with an offering of 1000s of instruments and has established itself to prioritize security and transparency.

Starting 30 January 2024, the new membership will provide various benefits for various parties, including protection of up to €20,000 through the Financial Commission's Compensation Fund.

The Financial Commission acts as a neutral third-party mediator to resolve disputes that have not reached an agreement between the broker and the client. It avoids the complex and time-consuming procedures associated with traditional legal entities such as arbitration or local court systems.

Initially focused on the energy forex market, the Commission has expanded its scope to cover issues related to the certification of CFDs, derivatives, and trading technology platforms. The Commission continues to work to bridge the gap between consumers and financial service providers and increase trust and accountability in the sector.

In recent forex broker news, forex broker VT Markets has announced three primary initiatives about environmental, social, and governance (ESG).