Financial Commission Withdraws Membership of DegerFX

The Financial Commission yesterday announced that the membership status of DegerFX has ceased following a voluntary withdrawal.

DegerFX had been a member of the Financial Commission up until May 18th, 2022, when its membership was effectively withdrawn.

The Financial Commission notes that it will not be able to process any new complaints from DegerFX, following its withdrawal of membership from the Financial Commission as of May 18th, 2022, and moving forward or until membership is approved again.

Furthermore, DegerFX clients will not be eligible for reimbursement from the Financial Commission's compensation fund as a non-member. The compensation fund can only be used by clients of approved members and is subject to the ruling by Dispute Resolution Committee. The compensation fund is designed to help protect members' clients in exceptional cases and is funded by the Financial Commission from a portion of membership dues.