Financial Commission Withdraws the Membership of IdealFX

Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry, announced that the membership status of IdealFX has ceased following a voluntary withdrawal.

IdealFX had been a member of the Financial Commission up until December 28th, 2022, when its membership was effectively withdrawn.

The Financial Commission notes that it will not be able to process any new complaints from IdealFX, following its withdrawal of membership from the Financial Commission as of December 27th, 2022, and moving forward or until membership is approved again.

Furthermore, IdealFX 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.