{"id":11557,"date":"2022-11-07T02:12:20","date_gmt":"2022-11-07T02:12:20","guid":{"rendered":"https:\/\/secure.efsec.org\/?page_id=11557"},"modified":"2022-12-15T02:30:04","modified_gmt":"2022-12-15T02:30:04","slug":"membership-rules-and-guidelines","status":"publish","type":"page","link":"https:\/\/secure.efsec.org\/fr\/membership-rules-and-guidelines\/","title":{"rendered":"Membership Rules"},"content":{"rendered":"
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Membership Rules<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFirmaADI ensures that traders and brokers are getting their disputes resolved in a quick, efficient, unbiased and authentic manner while making sure they walk away with a well-founded answer, thus contributing to their overall knowledge about Forex and Contracts for Difference (CFDs).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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What we do<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/i><\/span><\/i><\/span>1. Introduction<\/span><\/i><\/div>
The Financial Commission is an external dispute resolution (EDR) organization for consumers\/traders who are unable to resolve disputes with financial services providers that are members of the Financial Commission.\n<\/br><\/br>\nThe Financial Commission set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading the Forex market.\n<\/br><\/br>\nThe Financial Commission hears a wide variety of disputes of all monetary values. We give traders a voice so they feel they are treated fairly and we provide brokers a means to respond to any complaints that may have been unfairly lodged against them.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>2. Assets and income of Financial Commission<\/span><\/i><\/div>
The Financial Commission was established to be a neutral 3rd party committee to fairly review and resolve complaints in an effort to facilitate a simpler, swifter resolution than through industry regulators and the legal system.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>3. Membership<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>4. Financial Requirements<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>5. Reporting Requirements<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>6. Record-keeping Requirements<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>7. Obligation of a Member to include Financial Commission dispute resolution clause in its customer contracts<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>8. Obligation of a Member to Have a Business Continuity\/Disaster Recovery Plan<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>9. Right of the Finacial Commission to Conduct an Audit of the Member<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>10. Independence<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>11. Role of the Dispute Resolution Committee<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>12. When a Complaint can be filed with Financial Commission<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>13. Types of Complaints covered by Financial Commission<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>14. New grounds of Complaint<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>15. Monetary compensation sought in a Complainant<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>16. Complaints outside of jurisdiction of Financial Commission<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>16 A. Right to Reject the Complaint<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>17. Complaint at no cost to Complainant<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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<\/i><\/span><\/i><\/span>What is the Financial Commission?<\/span><\/i><\/div>
The Financial Commission is an external dispute resolution (EDR) organization for consumers\/traders who are unable to resolve disputes with financial services providers that are members of the Financial Commission.\n<\/br><\/br>\nThe Financial Commission set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading the Forex market.\n<\/br><\/br>\nThe Financial Commission hears a wide variety of disputes of all monetary values. We give traders a voice so they feel they are treated fairly and we provide brokers a means to respond to any complaints that may have been unfairly lodged against them.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Is the Financial Commission a regulator that regulates broker activities?<\/span><\/i><\/div>
The Financial Commission was established to be a neutral 3rd party committee to fairly review and resolve complaints in an effort to facilitate a simpler, swifter resolution than through industry regulators and the legal system.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span> What are the objectives of the Financial Commission?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>What happens when a customer files a complaint with the Financial Commission?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Can I file a complaint against a broker who is no longer a member of the Financial Commission?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>How exactly does the Dispute Resolution Committee work?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Is the Financial Commission independent of all brokers and regulatory organizations?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Where can I find information about a broker who is no longer a member of the Financial Commission?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Does the Financial Commission publish their decisions?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>Is there a minimum monetary value for a complaint?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div>
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<\/i><\/span><\/i><\/span>What is the compensation fund and how does it work?<\/span><\/i><\/div>
The Compensation Fund is a fund that acts as an insurance policy for members\u2019 clients but is only used should a member refuse to adhere to a judgment from the Financial Commission.\n<\/br><\/br>\nIt is very important to understand that the fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders\u2019 possible losses incurred while engaging in self-directed trading and does not apply to a broker member\u2019s entire client base should the broker become insolvent. \n<\/br><\/br>\nFurther, the Compensation Fund cannot be used for complaints regarding management account trading, trading of synthetic or non-market financial products as outlined in clause 16 of the Rules and Guidelines of the Financial Commission.\n<\/br><\/br>\nThe Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues to the fund which are held in a separate bank account and cannot be used to finance operations or other activities of the organization.\n<\/br><\/br>\nThe Compensation Fund will only cover judgments up to \u20ac20,000 per client of a Member.<\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Our Clients<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"\"<\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Membership Rules FirmaADI ensures that traders and brokers are getting their disputes resolved in a quick, efficient, unbiased and authentic manner while making sure they walk away with a well-founded answer, thus contributing to their overall knowledge about Forex and…<\/p>","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11557","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/pages\/11557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/comments?post=11557"}],"version-history":[{"count":0,"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/pages\/11557\/revisions"}],"wp:attachment":[{"href":"https:\/\/secure.efsec.org\/fr\/wp-json\/wp\/v2\/media?parent=11557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}