Financial Commission Upgrades Membership of Grand Capital

The Financial Commission (FinaCom PLC) today announced that it has approved 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 broker Grand Capital ‎to upgrade its membership status to Category A effective November 21, 2018‎, according to a FinaCom statement.

Grand Capital LTD has been providing brokerage services across several asset classes since 2006. The company is incorporated in the Republic of Seychelles and has offices in Europe, Asia, Russia, and the CIS.

Grand Capital joined Financial Commission’s roster of existing online brokerages and independent services providers as a category B member back in January 2016‎.

Traders of a company with the A-Category membership can be eligible for compensation of up to $20,000 per complaint, as well as having access to all dispute resolution services offered by the Commission.

The Financial Commission also announced it issued an Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term certification for an offshore binary options and FX brokerage called Binomo.

The recently launched “value-added” service allows clients of the commission’s brokerage members to use its analysis tool to check whether their trades were fairly priced or not.

Verify My Trade consolidates price feeds from dozens of retail forex brokers to produce statistical box plots, which are a representation of the minimum, maximum and percentiles of the ticks received for every second of the day. This is illustrated by the image below.

Helping Settle Price Disputes Internally

The Financial Commission said it has already audited and issued execution quality certifications to several retail brokers including Alpari, Forex Club, and AMarkets.

To maintain their certified status, these brands are required to continuously submit their order execution data to the VMT analysis tool, which maps the execution price to the boxplot for that time of day to assess the effectiveness and quality of the broker’s execution.

Due to the price verification capabilities, brokers who implement the service would be able to settle price disputes internally, by inducing evidence on asset prices at any given time, from an impartial party.

And in case the client claims that he is consistently getting poor execution, the analysis results will facilitate handling execution-related trade disputes.