The Financial Commission, a self-regulatory organization in the financial services space, announced on Monday that DeltaFX, an international financial brokerage and an approved member of The Financial Commission, has received execution quality certification from the Commission.
According to a press release shared with Finance Magnates, DeltaFX successfully completed Verify My Trade (VMT) certification. Verify My Trade was introduced a few years ago to promote pricing and execution transparency in the FX market.
Order execution verification with Verify My Trade (VMT) was launched in September 2018. In the last few years, several members of the Financial Commission applied for the certification in an effort to enhance transparency regarding execution speed and pricing.
“Today, DeltaFX becomes the latest Financial Commission member to have successfully completed the VMT certification, having satisfied all execution quality standards set out for all members of the Commission. Trades can now view the execution audit results for DeltaFX directly on our website,” the Financial Commission mentioned in the press release.
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Earlier this year, the Financial Commission announced execution quality certification of ArmorFX and TitanFX.
The Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international financial firms including online brokers, exchanges and blockchain companies that participate in global foreign exchange (forex), derivatives, CFD and digital asset markets. Earlier this month, Exness, one of the leading multi-asset brokers, joined the Financial Commission as a member. During the first week of July, Fxview became an approved member of the self-regulatory organization. The Financial Commission recently announced a partnership with GetID, a comprehensive and customizable service that helps businesses verify identities, streamline customer onboarding, stay compliant with regulations and prevent fraud.
“The Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms,” the Commission explained in the announcement.