Opoforex Becomes Latest Approved Member of Financial Commission
The Financial Commission (FinaCom) announced that it has approved online brokerage Opoforex as its newest member, effective June 7, 2021.
Opoforex status as an Approved Broker Members of the FinaCom will allow the broker and its clients 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.
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The FinaCom 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 FinaCom helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.
Opoforex joins a diverse range of brokerages and independent service providers (ISPs) that utilize the services of the FinaCom and as part of their commitment to their clients while upholding membership requirements.
Fazzaco recently reported that the FinaCom has awarded the Collective Investment Platform Certification to Samtrade FX's copy trading platform CopySam™.
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