Financial Commission Terminates Membership of Two FX Brokers, MTrading Rejoins

[kreslik.news]

The Financial Commission has terminated the memberships of two brokerage members in July, VNC Brokers, and HDForex.  It also announced that it approved MTrading (ServiceComSvg Limited) to rejoin the Financial Commission as category A member. The Belize brokerage firm originally joined the Financial Commission back in 2014.

The self-regulator explained that the membership status of VNC Brokers has ceased following a voluntary withdrawal. However, the membership of HDForex was terminated following a breach of contractual obligations.

“VNC Brokers had met its obligations as a Financial Commission member in all cases where complaints had been brought forward against the broker up ... (read more)