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 standards set by the commission.
Orfinex’s status as an Approved Broker Member was effective as of April 17th, 2024, following the approval of their membership application.
Orfinex is a leading trading platform that operates under the regulation of the Financial Sector Conduct Authority (FSCA) with FSP No. 53184. It offers comprehensive trading solutions for both retail and institutional clients. Established in 2015 in Melbourne, Australia, Orfinex has since expanded internationally, with its headquarters situated in Australia’s financial core. Its institutional arm operates under the trade name of Orfinex Prime Ltd, which is licensed by the Financial Services Commission in Mauritius.
The firm’s new status offers traders protection up to €20,000 per complaint, enhancing the security and appeal of trading with Orfinex. This membership not only benefits traders but also reassures stakeholders of the firm’s commitment to high service standards.
The Financial Commission is an independent international service dedicated to resolving disputes and aims to simplify the resolution process, providing an alternative to arbitration or local court systems. Supported by the Dispute Resolution Committee (DRC), which includes recognized industry professionals, the commission also helps reduce execution-related disputes by providing execution certifications for approved brokers. Additionally, all clients of member firms are covered by the Compensation Fund, which acts as an insurance policy against broker disputes.
The Financial Commission continues to expand its membership, reflecting the growing demand for independent, unbiased dispute resolution in the financial trading sector. Earlier today, the regulator published several case studies from 2023, revealing key themes and outcomes in disputes between traders and financial service providers.
