Financial Commission Increases Liability Limits of Its Compensation Fund

[kreslik.news]

The Financial Commission, the leading self-regulatory association ‎dedicated to ‎ensuring sound practices across the financial services industry, ‎has substantially ‎increased the maximum amount assured under its Compensation Fund.‎

The decision, which takes effect on April 9, will benefit clients of the ‎Commission’s contributing members, which include international online ‎brokerages ‎that participate in global foreign exchange ‎‎(forex), derivatives and ‎cryptocurrency markets.‎

Specifically, the Compensation Fund will increase its maximum ‎coverage amount ‎to €20,000 per client of an A-Category Member. For ‎the claims sought by clients of a B-Category Member‎, the maximum amount ‎recoverable by a claimant was hiked to €5,000. This ... (read more)