IUX Markets Joins The Financial Commission’s Growing Member List
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The Financial Commission, a group that helps traders and brokers solve problems, announced that IUX Markets has joined as a new member. By joining the commission, IUX Markets shows it wants to help customers by working with the commission to fix any issues.
IUX Markets is one of many companies in the Financial Commission. Many brokers join to get help solving disputes or complaints from customers. The Financial Commission provides a way to handle these issues without going to court.
Other Esteemed Brokers Like Fusion Markets Become Members Of The Financial Commission
Other brokers that have recently joined the Financial Commission include Neex, YaMarkets, Pu Prime, Vantage Trading, Swift Trader, PrimeXBT, Orfinex, Strifor, Fusion Markets, and Ultima Markets. These companies work in areas like forex and cryptocurrency, just like IUX Markets.
Members have to follow the rules of the Financial Commission. If they don’t, they could be removed. Recently, two brokers, DeltaFX and Agra Markets, were removed from the commission for not following the rules. Some other brokers, like Alpari and FXTM, chose to leave on their own.
The Financial Commission’s job is to help brokers and traders when there are problems. When a customer and a broker disagree, the Financial Commission helps them find a solution. This is faster and simpler than going to court and is better for everyone.
One big benefit of being a member is protection. For example, if a customer has a serious complaint, they could get up to €20,000 in compensation if the commission agrees. This protection started for IUX Markets on November 6, 2024, according to the announcement.
As an Approved Broker Member, IUX Markets can now offer this extra layer of help to its customers. The Financial Commission’s services can help customers feel safe and secure if they have issues with their trades.
IUX Markets Offers Its Services In Many Countries
IUX Markets is based in Saint Vincent and the Grenadines and is allowed to do business there. It offers ways to trade assets like forex, commodities, and CFDs. IUX Markets also has a branch in Mauritius, which is approved by the Financial Services Commission.
In addition, IUX Markets has a branch in South Africa. The South African branch is approved by the Financial Sector Conduct Authority, which means it can legally help customers trade in that country too.
Earlier this year, the Financial Commission published a report with stories about disputes between brokers and traders. These case studies showed how the Financial Commission worked to solve these problems fairly and quickly. The report shows that the commission focuses on being fair to all traders and brokers.
According to the update, the Financial Commission helped award $162,406 in compensation to customers in specific cases. In total, they awarded $783,000 in 2023. This compensation helps boost trust between brokers and customers.
