Financial Commission Adds Trade99 as A-Category Member
- Trade99 provides a leveraged cryptocurrency trading platform.
This week, the Financial Commission, an independent external dispute resolution (EDR) organization for the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) industry, announced that Trade99 is its newest approved member.
Trade99 provides a leveraged cryptocurrency-based asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. As an A-category member of the agency, which took effect on June 4, 2019, customers of the firm now have access to the Financial Commission's protection services.
The EDR organization providers brokerages and their clients with a third party mediation platform that helps to resolve issues when the separate parties are unable to come to an agreement themselves.
One of the agency’s services includes protection for up to €20,000 per the submitted complaint, which is backed by its compensation fund. In its own words, the Financial Commission provides a “simpler, swifter resolution process” than going through the typical regulatory channels.
“Trade99 joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements,” the statement said.
Trade99 Joins a Community of FX and Crypto Brokers
Members of the Financial Commission include forex, contract-for-difference (CFD) brokers, as well as companies operating in the cryptocurrency space. As Finance Magnates reported, earlier this year in March, the agency approved DealFX, an online brokerage, as an A-category member.
Recently, the organization also launched a percent allocation management module (PAMM) accreditation scheme. According to the statement released at the time, the new scheme will certify the PAMMs offered by different brokers.
More popular amongst offshore brokers, PAMMs allow traders to allocate a certain amount of cash to investment managers.
Managers then invest those funds and, if they make a profit, they take a commission and payout – in proportion to the amount that they put in – to the investors that gave them money.
The purpose of such a system is to allow inexperienced traders to invest funds without trading their money themselves.
This week, the Financial Commission, an independent external dispute resolution (EDR) organization for the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) industry, announced that Trade99 is its newest approved member.
Trade99 provides a leveraged cryptocurrency-based asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. As an A-category member of the agency, which took effect on June 4, 2019, customers of the firm now have access to the Financial Commission's protection services.
The EDR organization providers brokerages and their clients with a third party mediation platform that helps to resolve issues when the separate parties are unable to come to an agreement themselves.
One of the agency’s services includes protection for up to €20,000 per the submitted complaint, which is backed by its compensation fund. In its own words, the Financial Commission provides a “simpler, swifter resolution process” than going through the typical regulatory channels.
“Trade99 joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements,” the statement said.
Trade99 Joins a Community of FX and Crypto Brokers
Members of the Financial Commission include forex, contract-for-difference (CFD) brokers, as well as companies operating in the cryptocurrency space. As Finance Magnates reported, earlier this year in March, the agency approved DealFX, an online brokerage, as an A-category member.
Recently, the organization also launched a percent allocation management module (PAMM) accreditation scheme. According to the statement released at the time, the new scheme will certify the PAMMs offered by different brokers.
More popular amongst offshore brokers, PAMMs allow traders to allocate a certain amount of cash to investment managers.
Managers then invest those funds and, if they make a profit, they take a commission and payout – in proportion to the amount that they put in – to the investors that gave them money.
The purpose of such a system is to allow inexperienced traders to invest funds without trading their money themselves.