Financial Commission Expands EDR Services for Axiory
The Financial Commission announced the expansion of its external dispute resolution (EDR) and membership services to the Mauritius entity of approved broker Member Axiory. The expansion highlights the increased interest and demand for EDR services among FX industry participants.
Axiory first joined the Financial Commission in November 2016 as an Approved Broker Member and has been in good standing with the organization since. Axiory has expanded EDR coverage to its Mauritius entity effective April 14, 2022, thus allowing its customers access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per the submitted complaint, backed by the Financial Commission's Compensation Fund.
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, 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.
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