Exness Becomes Latest Approved Member of Financial Commission

The Financial Commission (FinaCom), an independent external dispute resolution (EDR) organization, announced that it has approved Exness to obtain its membership, effective from July 22, 2021.

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Exness is a leading global multi-asset broker, offering FX currency pairs, precious metals, cryptocurrencies, commodities, indices and stocks, under excellent trading conditions. The company regards Africa as an important area for its strategic expansion and received an operational license from the South African regulator​ earlier this year.

Becoming the latest provider to join the ranks of the self-regulatory organization, Exness' customers will be eligible for a wide range of services and membership benefits, including compensation of up to €20,000 per submitted claim, which is supported by the Financial Commission’s Compensation Fund.

In addition, for approved members and their clients participating in CFDs, foreign exchange (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.

Fazzaco earlier reported that the FinaCom has approved Fxview, a leading financial services and CFD broker to obtain its membership, effective from July 6, 2021.