Financial Commission Withdraws Membership of Samtrade FX

The Financial Commission announced that the membership status of Samtrade FX has ceased following a withdrawal.

Samtrade FX had been a member of the Financial Commission up until March 10th, 2022, when its membership was effectively withdrawn.

Financial Commission notes that it will not be able to process any new complaints from Samtrade FX, following its withdrawal of membership from the Financial Commission as of March 10th, 2022, and moving forward or until membership is approved again.

Furthermore, Samtrade FX clients will not be eligible for reimbursement from Financial Commission's compensation fund as a non-member, since the compensation fund can only be used by clients of approved members, and 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.