The Financial Commission (FinCom) is a non-governmental organization that oversees the operations of the financial services industry. As of April 23, the platform will welcome PrimeXBT as its newest Authorized Member PrimeXBT is an Authorized Broker Member for the online brokerage services it provides, including spot and futures market exchanges.

PrimeXBT functions as an offshore platform through entities registered in the Seychelles and Marshall Islands. In addition, it facilitates the trading of tangible cryptocurrencies through entities registered in Lithuania. In addition to cryptocurrency futures instruments, the platform offers instant trading in indices, commodities, forex and cryptocurrencies.

PrimeXBT Review says that by joining FinCom, PrimeXBT can realize huge gains and make the entire trading journey smoother for its users. The partnership offers numerous advantages, including the possibility of receiving up to €20,000 in compensation for any complaints filed with the FinCom fund. In addition, as a fair, impartial and neutral method of resolving disputes with service providers, FinCom offers PrimeXBT customers the option of utilizing third-party mediation services. This method is particularly suitable for situations where traditional negotiation methods have encountered obstacles.

According to the FinCom press release, it provides brokerage firms and their customers with an impartial third-party mediation platform to assist in resolving complaints when the parties involved are unable to reach a direct agreement on the dispute.

The FSC assists authorized members and their clients engaged in the CFD, foreign exchange (forex) and cryptocurrency markets in resolving disputes in a more streamlined and expeditious manner than traditional regulatory avenues such as arbitration or local courts.

The financial sector has recognized the importance of self-regulation in building trust and credibility. finCom, an organization of leading brokerage firms (Exness, Pepperstone, RoboMarkets, IC Markets, and Alpari), has been a key player in this space. in 2024, finCom also managed to expand its membership scope to include trusted brokers such as VTMarkets, Orfinex, Fusion Markets and Ultima Markets.

In addition, it paved the way for other industries such as blockchain platforms, technology providers, investment platforms and educational services to ensure proper regulation of the entire financial industry.

Compliance with the stringent requirements set by FinCom is essential to retaining membership in the organization. Those who fail to fulfill this obligation have been barred from membership, demonstrating FinCom's focus on ensuring honest and reliable financial transactions. This model builds the reputation of the global financial markets in addition to ensuring the safety and efficiency of traders.