The Financial Commission (FinaCom PLC), an industry-specific dispute resolution service that caters to the financial services industry, today welcomes its newest member firm, adding binary option brokerage GEB Invest to its growing membership, according to a FinaCom statement.
GEB Invest, a brand owned and operated by GEB Global Equity Brokers (Belize) Ltd, is the latest member to seek the services of the Financial Commission and join a diverse range of existing online brokerages and independent services providers (ISPs) that are currently on its growing list of approved members.
The company is authorized and regulated by the International Financial Commission of Belize as a financial services provider, offering a wide range of trading services and technologies.
ForexTB Set to Launch New Innovative Trading PlatformGo to article >>
Financial Commission is an external dispute resolution organisation which is supported by Dispute Resolution Committee (DRC), which in turn comprised of recognized industry professionals. It is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts.
The operator of FinancialCommission.org serves the online foreign exchange, binary options industry and independent technology providers. As part of the review process, the commission has established a detailed list of points to verify covering the system security, capacity, business disaster recovery, and continuity plan, as well as reporting and record keeping, among other fields deemed important for the certification.
Following the acceptance of its application by FinaCom PLC, GEB Invest has obtained A-Category Membership which guarantees that clients are under the protection of an international organization and that the services provided to them are of high quality and comply with the standards of the Commission.
All clients of a company that is a member of the Financial Commission are protected by the Compensation Fund which acts as an insurance policy. More specifically, traders of a company with the A-Category membership can be eligible for compensation of up to $20,000 protection per complaint, as well as having access to all dispute resolution services offered by the Commission.