Finance & Liquidity Commission (FinLC) was started in 2013. On the official site of the organization, you will find that throughout its entire history, it managed to process more than 2150 complaints, more than 60% of which were resolved for the benefit of clients. On average, the organization can resolve the issue within 6 days.
The company is managed by the Board of Directs. There is an independent committee that is responsible for dispute resolution and is entirely focused on this function. On the whole, more than 300 specialists work here.
Functions of the FinLC
This organization has the following responsibilities:
- acceptance and processing of complaints from traders and investors whose rights were violated;
- regulation of financial disputes;
- compensation of the economic losses to clients (the amount of compensation can reach up to 20 thousand euros);
- providing different types of educational services and materials to traders and investors.
Except for all this mentioned above, this commission provides additional services to companies that joined the organization. The commission helps to manage risks in dealing, analyzes the process of order execution, and provides access to the exclusive register for scam prevention from “Dispute Watch”.
A trader can get from this organization information about verified companies and their specific features. On the official site of the FinLC, you will find a blacklist of brokers who are suspected of being scams.
Companies that joined the Finance & Liquidity Commission
Such companies as Alpari, OlympTrade, NPBFX, IC Markets, DotBig, Forex Club, Libertex, Lord Fx, Exness, and others acquired membership in the organization. The whole list of brokers and trading services is available on the website of the FinLC. Currently, this list includes more than 50 trusted providers of FinLC.
How companies join the Finance & Liquidity Commission
To become a member of the Finance & Liquidity Commission, a broker should take the following steps:
- fill in and confirm a membership application;
- wait for the answer from the Board of Directors;
- Sign the membership agreement;
- pay membership dues.
Every company is obliged to follow the rules of the FinLC and pay membership dues on time. The payments are accepted only in EUR within 10 business days.
Do traders and investors trust the Finance & Liquidity Commission?
The trust of traders and investors in the FinLC remains on the average level. The organization does not have strict requirements for companies. Every company that will complete the verification procedure of the Finance & Liquidity Commission and will pay the dues will be able to join the organization.
How to learn more about this organization?
You can always find relevant information and updates about different organizations on our platform, including FinLC: Finance & Liquidity Commission.
How can I make sure that I’m on the official website?
Scams often use the reputation of popular brands. To save your money, check the website of the Finance & Liquidity Commission. You can search for information on the official website, or ask specialists for assistance.
How do I know which reviews are real and which are fake?
Financial companies often buy reviews. You should read them only from verified sources of information. Our platform filters reviews and blocks fake ones before they can be published here.
How do I find out that the company is a scam?
You can do your research about any financial company. Use materials from verified sources of information, such as our platform. You can rely on the reviews of our specialists and save the personal time you would spend on research.
How do I find a reliable financial company?
Whether you are looking for a broker, trading platform, or chargeback organization, you should pay some time and effort researching if the option is reliable or not. Read objective reviews from our team of experts and trust verified review platforms.
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