Swift Trader Expands into Crypto Market, Joins Financial Commission: Implications for Bitcoin (BTC) and Ethereum (ETH)


Offshore FX Broker Swift Trader Joins Financial Commission

In a significant development in the Forex industry, offshore FX broker Swift Trader has become the newest approved member of the Financial Commission. This move will provide Swift Trader and its customers access to a wide range of services, including protection for up to €20,000 per submitted complaint.

Swift Trader, an offshore FX broker authorized by the Mwali International Services Authority in Comoros Union, has joined the Financial Commission, providing its customers with additional protections and services.

Swift Resolution of Disputes

Membership in the Financial Commission provides Swift Trader and its customers with access to an unbiased third-party mediation platform. This platform helps resolve complaints when parties cannot agree directly on disputes. The Financial Commission specializes in mediating disputes in CFDs, forex, and cryptocurrency markets, offering a simpler and quicker resolution process than traditional regulatory channels like arbitration or local court systems.

Warning Against Scam Involving Fake Representatives

The Financial Commission recently issued a public warning about a scam involving impostors claiming to be FinaCom representatives. These fraudsters targeted traders who had issues with brokers, offering recovery and chargeback services for a fee. FinaCom clarified that it does not offer funds recovery or chargeback services and does not engage in unsolicited communication with traders. Official interactions only originate from inbound inquiries through their website.

Verifying Communication and Filing Complaints

Traders are urged to verify the authenticity of communications by checking for secure links to the Commission’s website and the official email address. Customers can check if their broker is a FinaCom member through the Commission’s website. To file a complaint against a broker, traders can follow the complaint procedure outlined on the Commission’s website.

Conclusion

Swift Trader’s membership in the Financial Commission is a significant step in providing additional protections and services to its customers. However, traders must remain vigilant against scams and verify all communications’ authenticity. The Financial Commission continues to serve as an independent forum for resolving disputes, emphasizing its commitment to maintaining integrity in the financial markets.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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