The Financial Commission has officially approved Swift Trader as its newest member, adding the company to the list of online brokerages within the self-regulatory forum. This decision underscores the increasing interest and demand in the FX industry for independent external dispute resolution services.
Swift Trader Successfully Secures Membership
On May 9th, 2024, Swift Trader achieved Approved Broker Member status after the Financial Commission approved its membership application. This status provides the company and its clients with a wide range of services and benefits, including protection for complaints up to €20,000 through the Financial Commission’s Compensation Fund.
The Financial Commission acts as a neutral mediation platform for brokerages and their clients, aiding in resolving complaints when direct agreements are challenging to reach.
The Resolution Process Draws Swift Trader and Many Others
The Financial Commission provides a resolution process for approved members and their clients engaged in CFDs, foreign exchange (forex), and cryptocurrency markets, offering an alternative to conventional regulatory routes like arbitration or local court systems. Swift Trader has now become part of a varied group of brokerages and independent service providers utilizing the Financial Commission’s services to fulfill client needs and comply with membership criteria.
Swift Trader has a team of seasoned professionals with more than five decades of collective experience in the financial industry. The company prioritizes providing competitive pricing along with a variety of trading products and tools to its clients.
The Financial Commission has approved Orfinex as a Member, indicating the company’s inclusion in the self-regulatory forum for resolving disputes in the FX industry. Moreover, Fusion Markets and Ultima Markets have been welcomed as Approved Brokers.
An update from the Financial Commission
The Financial Commission released an update regarding an investigation into a scam where fake representatives posed as the organization. This deceitful scheme targeted traders for financial fraud. A cautionary notice about these imposters was issued by the organization on December 15, 2023.