IC Markets becomes latest member of the Financial Commission

Steffy Bogdanova
November 25, 2021 11:46 am

The Financial Commission today revealed IC Markets as its new approved Member.

IC Markets is the latest online brokerage to join the self-regulatory organization. The new addition in its ranks demonstrates the growing interest and demand for independent external dispute resolution (EDR) services among the industry’s leading FX industry participants.

According to the official announcement, the status of an Approved Broker Members of IC Markets took effect on 24 November 2021. This membership grants the brokerage and its customers access to a wide range of services and membership benefits such as protection for up to €20,000 per client, backed by the Financial Commission’s Compensation Fund.

Through membership with the Financial Commission, brokerages and their clients can benefit from unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.

The Financial Commission helps facilitate a simpler and faster resolution process than through typical regulatory channels such as arbitration or local court systems for its members and their clients participating in CFDs, forex, and cryptocurrency markets.

In July, the Financial Commission added the online brokerage Exness as a member.

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Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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