FinaCom Improves Check Your Broker
Check Your Broker allows traders to research firms’ backgrounds and experiences. The Financial Commission (FinaCom) added enhancements revolving around the addition of broker profiles and new listings for non-member firms.
The directory also helps traders find brokers’ licenses, history, regulatory actions, complaints, and arbitrations. Though the list has more than 200 brands, the numbers have been slowly growing since April 2019.
Brokers engaging in misconduct and fraud are also included in the Commission’s list. Traders can leave feedback on the brokers’ segments regarding their reliability.
The broker list comes each of their products and services.
Enhancements added are intended to help traders choose the right broker for them, according to FinaCom. Thorough information about each broker due diligent checklists bring up possibilities before they decide doing business with a firm.
The regulator also runs a service dubbed Blockchain Warning List, which provides information about potentially damaging behavior from cryptocurrency providers.
Earlier this month, the Financial Commission also developed a comprehensive certification to audit key policies and procedures in Copy Trading. Share4you serves as a platform for beginner investors who want to build their financial wisdom by following more experienced traders.
About FinaCom
FinaCom is a self-regulatory organization and EDR body where transparency, swiftness, and education are paramount values. They ensure that disputes between brokers and traders are efficient, unbiased, and authentic with well-founded results.
Its Dispute Resolution Committee and the Commission’s Board of Directions help resolve disputes in the Forex community.
Companies under the Financial Commission are required to uphold the highest standards of commercial honor and best business practice. Complimentary value-added services are also available when joining the Commission brokers.
Said features include trade execution certification, real-time dealing risk management, invite-only registries, and actionable market research free of charge.
Dispute Resolution Committee has nearly 75 years of Forex experience including Michael Greenberg, founder of Forex Magnates.
