The Financial Commission has announced the approval of
Orfinex as its newest Member, marking the company’s inclusion in the
self-regulatory forum for resolving disputes in the FX industry. Orfinex’s
status as an Approved Broker Member took effect on April 17th, 2024, following
the endorsement of its membership application.
Membership in the Financial Commission grants Orfinex and
its customers access to various services, including protection for up to
€20,000 per submitted complaint through the Financial Commission’s Compensation
Fund. The Commission serves as an impartial third-party mediation platform,
aiding in the resolution of complaints when direct agreement between parties is
unattainable.
For Orfinex and other approved members and their clients
engaged in CFDs, forex , and cryptocurrency markets, the Financial Commission
offers a resolution process compared to traditional regulatory channels like
arbitration or local courts.
Orfinex joins an array of brokerages and independent service
providers utilizing the Financial Commission’s services as part of their focus
on clients while adhering to membership requirements.
Orfinex joins Financial Commission as approved broker member –
Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality stan… pic.twitter.com/7AS9CHZwKL— The Industry Spread (@industryspread) April 18, 2024
About Orfinex, the company is a regulated trading platform
under the Financial Sector Conduct Authority (FSCA) in Melbourne, Australia,
operating since 2015. With a clientele spanning both retail and institutional
sectors, Orfinex is noted for its provision of client support, utilization of
advanced trading infrastructure, and experience in global trading.
Deceptive Tactics Uncovered by Financial Commission
The Financial Commission updated
on its investigation of a scam involving fake representatives posing as its
personnel, targeting traders for fraud, as reported by Finance
Magnates. Previously cautioned on December 15, 2023, the Commission warned
against deceptive practices by imposters offering funds recovery and chargeback
services for a fee.
These fraudulent individuals used fake legal service
companies to deceive victims. They also falsified contact details resembling
legitimate digital asset wallet providers like Blockchain.com to extract fees
for illegitimate services.
The Financial Commission has announced the approval of
Orfinex as its newest Member, marking the company’s inclusion in the
self-regulatory forum for resolving disputes in the FX industry. Orfinex’s
status as an Approved Broker Member took effect on April 17th, 2024, following
the endorsement of its membership application.
Membership in the Financial Commission grants Orfinex and
its customers access to various services, including protection for up to
€20,000 per submitted complaint through the Financial Commission’s Compensation
Fund. The Commission serves as an impartial third-party mediation platform,
aiding in the resolution of complaints when direct agreement between parties is
unattainable.
For Orfinex and other approved members and their clients
engaged in CFDs, forex , and cryptocurrency markets, the Financial Commission
offers a resolution process compared to traditional regulatory channels like
arbitration or local courts.
Orfinex joins an array of brokerages and independent service
providers utilizing the Financial Commission’s services as part of their focus
on clients while adhering to membership requirements.
Orfinex joins Financial Commission as approved broker member –
Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality stan… pic.twitter.com/7AS9CHZwKL— The Industry Spread (@industryspread) April 18, 2024
About Orfinex, the company is a regulated trading platform
under the Financial Sector Conduct Authority (FSCA) in Melbourne, Australia,
operating since 2015. With a clientele spanning both retail and institutional
sectors, Orfinex is noted for its provision of client support, utilization of
advanced trading infrastructure, and experience in global trading.
Deceptive Tactics Uncovered by Financial Commission
The Financial Commission updated
on its investigation of a scam involving fake representatives posing as its
personnel, targeting traders for fraud, as reported by Finance
Magnates. Previously cautioned on December 15, 2023, the Commission warned
against deceptive practices by imposters offering funds recovery and chargeback
services for a fee.
These fraudulent individuals used fake legal service
companies to deceive victims. They also falsified contact details resembling
legitimate digital asset wallet providers like Blockchain.com to extract fees
for illegitimate services.
