Fullerton Markets Joins FinCom as a Broker Member

On Monday, the broker's authorized membership status went into effect.

This year, FinCom has admitted at least three brokers as members.

Fullerton Markets, a forex and contract for difference (CFD) broker, has joined the Financial Commission (FinCom), an external dispute resolution (EDR) institution focusing on the currency market.

Following the Commission's approval, the broker's authorized membership status went into effect on Monday.

In a statement published with WikiFX on Tuesday, the Financial Commission revealed Fullerton's authorized broker member status.

According to the self-regulatory body, Fullerton Markets and its clients may now use a broad variety of its services and membership perks as a result of the approval.

According to FinCom, one of these advantages is up to €20,000 in compensation from its Compensation Fund depending on the filed complaint.

“The Financial Commission offers brokerages and their clients with an independent third-party mediation mechanism that helps settle complaints in circumstances when parties are unable to directly come to an agreement over disputes,” the Commission added.

“The Financial Commission facilitates a simpler, faster resolution procedure for recognized members and their customers operating in CFDs, FX, and cryptocurrency markets than via traditional regulatory channels like arbitration or local court systems.”Recent FinCom Developments

FinCom has added at least three forex and CFD firms to its roster since the beginning of the year.

It welcomed Pepperstone in June, Agra Markets in March, and Inveslo, a newcomer to the FX business, in February.

Exness and IC Markets, two leading brokers, have also joined the group, the former in July and the latter in November.

However, in April, FinCom withdrew EGMarkets from its organization for “multiple breaches of the membership rules and guidelines pertaining to the payment of membership dues.”

Meanwhile, GANN Markets, a forex and CFD broker, resigned from FinCom in April, losing access to the organization's EDR services and Compensation Fund.

The reason for the withdrawal was not given.

About FinCom

FINACOM PLC LTD. and its affiliates (the “Financial Commission”) is an independent self-regulatory organization and external dispute resolution (EDR) authority focused only on Forex. While the Financial Commission is neither regulated nor licensed as an EDR agency in any country, it functions in a manner that prioritizes openness, speed, and education.

And What Exactly Does FinCom Do？

The Financial Commission guarantees that traders and brokers have their complaints addressed in a timely, efficient, impartial, and legitimate manner and that they leave with a well-founded response, thereby adding to their overall understanding of Forex and Contracts for Difference (CFDs).

About WikiFX

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.

WikiFX's database is sourced from official regulatory bodies such as the FCA, ASIC, and others. The published information is also fair, objective, and factual. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory authorities, but cannot guarantee that the data will always be up-to-date.