Lirunex, a provider of online trading services, has
become the latest approved member of the Financial Commission. The membership
strengthens trader protections by offering access to an independent dispute
resolution mechanism and financial coverage of up to €20,000 per claim.
Independent External Dispute Resolution
The Financial Commission is an independent external
dispute resolution (EDR) forum for financial service clients who experience
unresolved issues with brokers.
According to the commission’s official statement, by joining, Lirunex aligns itself with a framework that ensures the fair and efficient handling of client disputes. Traders using Lirunex’s services can now
use the commission’s mechanisms to resolve potential conflicts.
Lirunex reportedly offers a variety of trading
instruments, including forex, commodities, indices, shares, and
cryptocurrencies. Through its membership in the Financial Commission, the
company promised to reinforce trust by adhering to high industry standards and
best practices.
“As an approved member, Lirunex’s clients will
now have access to the Commission’s efficient dispute resolution process and
protection of up to €20,000 per submitted claim, similar to an insurance
policy,” the commission wrote.
This step complements its existing regulatory
approvals from CySEC, LFSA, and the Mauritius FSC, further strengthening its
credibility as a broker. As a member, Lirunex’s clients can now access the
Financial Commission’s dispute resolution process, which acts similarly to an
insurance policy.
More Firms Join FinCom
If a dispute arises and is ruled in the trader’s
favor, they may receive compensation of up to €20,000 per claim. This structure
provides an added layer of security that many traders seek when choosing a
broker. Notably, the commission has welcomed more new members
since the beginning of the year. Last month, the agency welcomed FXON as its
newest member.
The Seychelles Financial Services Authority-based firm
integrates MetaTrader 4 and MetaTrader 5 to enhance its spreads and fast
execution. FXON also publicly shares its proprietary trading data, enabling
detailed analysis and informed decision-making.
Additionally, the commission onboarded GTCFX as a new
member in the same month. The company is a global online brokerage offering
products such as precious metals, spot forex , and indices. It reportedly serves
over 985,000 clients across more than 100 countries.
Lirunex, a provider of online trading services, has
become the latest approved member of the Financial Commission. The membership
strengthens trader protections by offering access to an independent dispute
resolution mechanism and financial coverage of up to €20,000 per claim.
Independent External Dispute Resolution
The Financial Commission is an independent external
dispute resolution (EDR) forum for financial service clients who experience
unresolved issues with brokers.
According to the commission’s official statement, by joining, Lirunex aligns itself with a framework that ensures the fair and efficient handling of client disputes. Traders using Lirunex’s services can now
use the commission’s mechanisms to resolve potential conflicts.
Lirunex reportedly offers a variety of trading
instruments, including forex, commodities, indices, shares, and
cryptocurrencies. Through its membership in the Financial Commission, the
company promised to reinforce trust by adhering to high industry standards and
best practices.
“As an approved member, Lirunex’s clients will
now have access to the Commission’s efficient dispute resolution process and
protection of up to €20,000 per submitted claim, similar to an insurance
policy,” the commission wrote.
This step complements its existing regulatory
approvals from CySEC, LFSA, and the Mauritius FSC, further strengthening its
credibility as a broker. As a member, Lirunex’s clients can now access the
Financial Commission’s dispute resolution process, which acts similarly to an
insurance policy.
More Firms Join FinCom
If a dispute arises and is ruled in the trader’s
favor, they may receive compensation of up to €20,000 per claim. This structure
provides an added layer of security that many traders seek when choosing a
broker. Notably, the commission has welcomed more new members
since the beginning of the year. Last month, the agency welcomed FXON as its
newest member.
The Seychelles Financial Services Authority-based firm
integrates MetaTrader 4 and MetaTrader 5 to enhance its spreads and fast
execution. FXON also publicly shares its proprietary trading data, enabling
detailed analysis and informed decision-making.
Additionally, the commission onboarded GTCFX as a new
member in the same month. The company is a global online brokerage offering
products such as precious metals, spot forex , and indices. It reportedly serves
over 985,000 clients across more than 100 countries.
This post is originally published on FINANCEMAGNATES.
