The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has launched a partnership with NPBFX, a Russian provider of institutional and retail foreign exchange (FX) trading NPBFX.
EQTrades (G.E.B. Global Equity Brokers Belize Limited) is a Belize-registered FX and contracts-for-difference (CFD) broker that is regulated by the International Financial Services Commission. Per the latest partnership, EQTrades will join a bourgeoning list of members of the Financial Commission. The broker’s status as an official member has already taken effect, following its approval of its application by the Financial Commission’s board.
The Financial Commission exists as an industry-focused dispute resolution service, with its Dispute Resolution Committee (DRC) acting as its paramount regulatory body. The DRC is staffed by executives from leading companies in the financial services industry with the aim of resolving trader-broker conflicts.
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According to Peter Tatarnikov, Chairman of the Financial Commission in a recent statement on the membership: “We are happy to welcome EQ Trades as our newest member. We trust it is a great step for the broker as well, as it seeks to leverage its credibility and grow its business globally.”
“We feel that the Financial Commission is providing an essential service to the Forex industry and we want to offer this service to any of our clients who may need it. As we continue to grow as a company we feel we will continue to excel at meeting our client’s needs and providing them with an excellent Forex trading experience,” added EQ Trades’ CEO Stefan Iliescu in an accompanying statement.
Last month, the Financial Commission added ЕQMarkets as a member broker, as operated by the firm Infinity Trade LTD. Infinity Trade LTD’s registered office is located in Saint Vincent and the Grenadines.