Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, today announced that it has approved Kappa brokers as the latest addition to its growing membership.
Kappa brokers is the trading name of XCM Capital Markets and is a provider of foreign exchange, commodities, and contracts-for-difference, regulated by the International Financial Services Commission (FSC) of Mauritius.
The company states on its website that its parent entity, XCM Capital Markets, is an A-class member of CRFIN, a self-regulatory organization for online forex brokerages in Russia.
Joining Financial Commission provides Kappa’s members with several benefits including an objective and cost-effective dispute resolution process that is independent of any broker and regulatory organization.
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In addition to a more streamlined and swift resolution process, relative to traditional channels of arbitration, Kappa’s status as a B-category Member provides clients with up to $5,000 of protection per submitted claim, backed by Financial Commission’s compensation fund.
On November 8th, 2017 Financial Commission suspended the membership of forex brokerage Dragon Leader Services Ltd (DLS) due to a failure to adhere to membership rules, including non-payment of dues.
FinaCom is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts. The commission’s Dispute Resolution Committee serves as its paramount regulatory body. It is staffed by executives from leading companies in the financial services industry.