Compensation Fund
Exness trading broker is a member of the Financial Commission, which in turn is an international organization dealing with dispute resolution in the field of financial services in the forex market.
Updated: 21.02.2024
This Financial Commission was established as a neutral third-party committee for the fair consideration and resolution of complaints. The committee aims to facilitate a simpler and faster solution than through industry regulators and the legal system.
The Financial Commission ensures that disputes between traders and brokers are resolved efficiently, quickly, reliably and impartially, and it also ensures that all parties receive a comprehensive and honest answer to their questions. The Commission also provides additional protection to traders through the so-called Compensation Fund.
The Financial Commission ensures that disputes between traders and brokers are resolved efficiently, quickly, reliably and impartially, and it also ensures that all parties receive a comprehensive and honest answer to their questions. The Commission also provides additional protection to traders through the so-called Compensation Fund.
It is noted that the Financial Commission is an independent external dispute resolution organization (EDR).
How does it work?
The Compensation Fund acts as an insurance policy for members' clients. This fund is held in a separate bank account and is used only if a member refuses to comply with the decision of the Financial Commission.
How is the Compensation Fund financed?
The Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues.
Who is covered?
The fund will only be used for a judgment that has been issued by the Financial Commission. The fund does not cover traders' losses incurred while engaging in self-directed trading. It also does not apply to a broker's entire client base should the broker become insolvent.
What is the maximum coverage?
The Compensation Fund will only cover judgments made by the Financial Commission of up to €20,000 per client.
For more information, please refer to the website of the Financial Commission and our Client Agreement.
For more information, please refer to the website of the Financial Commission and our Client Agreement.