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FinCom Discontinues BalansFX Membership over Compliance Failure

FinCom Discontinues BalansFX Membership over Compliance Failure
The Financial Commission (FinCom), the independent external dispute resolution (EDR) body for the forex industry, has expelled retail FX broker BalansFX from its organization. The mediator announced the development on Monday, attributing the decision to the brokerage's numerous failures to comply with its rules and guidelines.BalansFX’s membership of FinCom afforded the brokerage’s clients deposit protection of up to €20,000 for each complaint they filed, among other membership benefits. However... Read More
Posted: May 31 2023, 13:34
Author Name: financemagnates
Views: 102043

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