Compensation Fund
Exness trading brokers are affiliated with the Financial Services Commission, a global entity dedicated to resolving disputes in the financial services sector of the foreign exchange market.
Update: 22.02.2024
The Finance Committee, as an impartial third-party organization, is committed to fair evaluation and resolution of appeals. Compared to regulatory channels and legal procedures, the committee's goal is to provide simpler and faster solutions.
The Financial Services Commission provides timely, efficient, trustworthy, and impartial solutions to conflicts between traders and brokers. It ensures that all relevant parties receive thorough and transparent responses to their inquiries. The committee further strengthens the protection of traders by managing the compensation fund.
The Financial Services Commission provides timely, efficient, trustworthy, and impartial solutions to conflicts between traders and brokers. It ensures that all relevant parties receive thorough and transparent responses to their inquiries. The committee further strengthens the protection of traders by managing the compensation fund.
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It must be emphasized that the Ministry of Finance is an independent external dispute resolution (EDR) entity.
What is the operational process like?
The compensation fund, as a guarantee for its member clients, operates like an insurance policy. These funds are securely stored in separate bank accounts and can only be used if members fail to comply with the resolutions proposed by the finance committee.
What are the sources of funds for the compensation fund?
The compensation fund, as a guarantee for its member clients, operates like an insurance policy. These funds are securely stored in separate bank accounts and can only be used if members fail to comply with the resolutions proposed by the finance committee.
Who are covered by the compensation fund?
This fund is specifically used to fulfill settlement payments granted by the finance committee. It is not intended to compensate for the losses suffered by traders in autonomous trading activities. In addition, if the broker goes bankrupt, the fund will not provide compensation to all of the broker's clients.
What is the upper limit of the compensation scope?
The compensation fund is only applicable to rulings passed by the Financial Services Commission, with a maximum limit of 20000 euros per customer.
For more comprehensive information, please refer to the official website and customer agreement of the Ministry of Finance.
For more comprehensive information, please refer to the official website and customer agreement of the Ministry of Finance.