The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has announced the certification of UpTrader to its growing membership, per a FinaCom statement.
The Financial Commission exists as an industry-focused dispute resolution service, with its Dispute Resolution Committee (DRC) serving as the group’s paramount regulatory body in all circumstances. The DRC is staffed by executives from leading companies in the financial services industry with the aim of resolving trader-broker conflicts.
UpTrader is a technology provider, providing solutions for both foreign exchange (FX) and binary options brokerages. The group also offers a multitude of custom solutions and modules for brokers, including CRM and social trading capabilities. The certification of UpTrader follows a lengthy review by the Financial Commission.
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The review focused on UpTrader’s web solutions, making sure that they ensure and meet the technical information requirements imposed by the Commission’s technology certification evaluation process.
According to Financial Commission Chairman Peter Tatarnikov in a statement on the certification: “In order to provide traders with fair dispute resolution we must fully understand their system’s construction and working process. UpTrader’s web solutions for brokerages are the latest technology certified by the Financial Commission.”
“We will be happy to see more software providers certifying their products with us. Today we gladly announce successful certification of UpTrader’s brokerage technology and believe it is a great step to leverage its credibility and grow its business globally,” he added.