We Got You Covered...

When it comes to business, and ESPECIALLY when it comes to the not-so-honest FX Industry it's better to be safe than sorry. This is not something you would expect to hear from your FX Broker, or in our case, your FX PARTNER, but PIGs are known to be quite the honest bunch. Sometimes, even, to a fault.

Imagine if you will, a 'doomsday' scenario where you wake up one morning and the PIGs have fled the Pen... and are nowhere to be found. Or maybe such a fairy tail is simply too far fetched to contemplate, so let's water that down a bit: Imagine you hit some off quoted price on a EURUSD trade with absolutely no news in sight and you are subsequently slipped 1000 pips. Now, using that ultra creative and imaginative brain of yours continue envisioning us, your loyal and trusted partners, telling you that the trade was legitimate due to a sun flare bouncing off of Venus.

Equally ridiculous, but... The question becomes: What do you do now?

It's simple really... If you feel we have wronged you, the Financial Commission's professional and impartial board of directors will hear your case, and if they decide in your favor, they will cover your loss up to 20,000 USD, payable by way of their Compensation Fund, a sort of Insurance Policy for clients of member brokers.

While the ASIC is considered one of the top regulatory bodies in the world, it cannot make a similar claim as there is no such compensation plan under the guise of the Australian Government. To the same point; while the MiFID and the FCA may offer similar Compensation Funds those same regulatory bodies also place limitations on how and what you trade and the level of bureaucratic red tape can make even the simplest interactions complex and painfully slow.

PIGs love progress, and while government agencies are, and I think YOU would agree here, usually all talk and little action, the private sector is all about innovation. COMPETENT Regulation, EFFICIENT Protection, REAL Progress.

FXPIG is proud to announce that its status as a Member of the Financial Commission took effect on April 4, 2017, following the approval of its membership application by The Commission's board of directors.

Kevin Murcko, our CEO here at FXPIG provided the following comment in regards to the news of our approval: “Our primary goal has always been creating the best trading environment possible, part of that is ensuring that we are constantly working toward aligning our interests with that of our clients. The Financial Commission is the premier EDR (External Dispute Resolution) in the retail FX industry, and it provides both our company and our valued customers peace of mind, which comes from knowing that any disputes that may arise will be arbitrated professionally and impartially"

The Financial Commission is an independent self-regulatory organization and external dispute resolution (EDR) body that is dedicated specifically to streamlining the way in which the Forex Industry deals with and resolves client complaints.

It provides brokerages and their customers with an unbiased 3rd party mediation platform, backed by nearly 75 years of industry level expertise, staffed by top market leaders and independent professionals from around the FX marketplace.

In addition, The Financial Commission also provides additional protection to clients of listed member brokers by of its Compensation Fund.

The Compensation Fund acts as an insurance policy for members’ customers. This fund is held in a separate bank account and is only accessed should a member refuse to adhere to a final judgment, as decided by the Commission's Board.

The Compensation Fund covers judgments, related to its Category A members, up to 20,000 USD per claim.

The Financial Commission Chairman, Peter Tatarnikov, released a public statement shortly following the approval, which read; “We are pleased to see new brokers continuing to join the Financial Commission and proud to welcome “A category” member FXPIG as our latest approved member and the most recent brokerage to join the Financial Commission.  Our ongoing membership growth reflects the importance of efficient dispute resolution and shows that companies and their clients value when a neutral 3rd party provides such services. Financial Commission provides an unmatched dispute resolution process which FXPIG and its customers can now take advantage of.”