Compensation Sought by FX Traders from Brokers Drops 3% to $3.3M in Q4
The total compensation sought by online forex brokers from all brokerages declined slightly to $3.3 million during the fourth quarter of 2022, down from $3.5 million in the prior quarter. Similarly, the compensation awarded to traders dropped by 23% to $60,919 during the past quarter. On the contrary, the compensation sought from member brokers of […]
Baxia Markets Emerges Latest Approved Member of FinCom
The Financial Commission (FinCom), the independent external dispute resolution (EDR) body for the forex industry, has approved the membership application of Baxia Markets, a MetaTrader electronic communications networks (ECN) broker founded in 2020. FinCom in a statement noted that Baxia Markets’ membership took effect on Wednesday (January 18). The latest approval comes weeks after the […]
FinCom Approves Vida Markets’ Membership
The Financial Commission (FinCom), the independent external dispute resolution (EDR) body for the forex industry, has approved the membership application of Vida Markets, a Dubai-headquartersed forex and CFD broker. The self-regulatory organization (SRO) also recently announced that IdealFX has voluntarily withdrawn its membership status. In addition, FinCom recently added ThreeTrader, an offshore forex broker that […]