Orfinex Enhances Customer Protection With Financial Commission Membership
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The Financial Commission has announced the endorsement of Orfinex as its latest Member—the firm’s integration into the self-regulatory forum for settling disputes within the FX industry. Orfinex’s recognition as a certified Broker Member came into force on April 17th, 2024, after its membership application was approved.
The Financial Commission Operates As A Fair Mediation Platform
As a member of the Financial Commission, Orfinex and its clients will be granted access to many services, like coverage for complaints up to €20,000 under the Financial Commission’s Reimbursement Pool. The Commission operates as a just mediation platform, assisting in the settlement of disputes when both parties fail to agree on issues.
For Orfinex and several other endorsed members active in cryptocurrency, forex, and CFDs markets, the Commission will provide a resolution process compared to conventional regulatory channels.
Orfinex joins the list of Self-sufficient service providers and brokerages using the Financial Commission’s services as they prioritize client needs while complying with membership criteria.
Orfinex is an officially supervised trading platform certified by the Financial Sector Conduct Authority in Melbourne, Australia. It has a customer base extending across institutional and retail sectors. Orfinex is recognized for its expertise in global trading, usage of innovative trading infrastructure, and delivery of customer service.
Financial Commission Seeks To Protect Traders From Fraudulent Activities
The Financial Commission gave an update about its investigation into a scam where fake representatives pretend to be commission personnel and trick traders into fraud.
The commission had cautioned people about this on December 15, 2023. It warned against deceptive practices that offer to recover funds and provide chargeback services for a fee.
These deceitful people used fake legal service firms to trick victims. They also faked contact information that looked like real digital asset wallet providers such as Blockchain.com to take fees for services that were not legitimate.
Orfinex’s earnings went up by 20% after it launched several new products, like its new CRM and introducing an affiliate and broker platform with a special partner portal that adds efficiency for partners.
The firm also launched the Orfinex Social Trading platform, where customers can follow or copy numerous trading strategies from other traders. Orfinex became one of the first companies to provide popular products in the crypto marketplace using MetaTrader 5.
Traders were interested in this in 2019. Orfinex keeps up with the latest trends and sticks to its vision to keep being seen by investors and traders in all parts of their financial lives.
