Do not invest more money than you can afford to lose.
JustBroker, a brokerage service mostly aimed at professional traders, has become a member of the independent external dispute resolution (EDR) organization Financial Commission (FinaCom) whose members include forex, CFD and binary options brokers.
According to the organization’s announcement, JustBroker’s membership is active since mid-December, following the approval of FinaCom’s board.
JustBroker appears to be mostly aimed at the Russian market. According to its site it is a service created by traders as a reliable brokerage for their own trading. The company offers trading in forex, CFDs on some currencies like the AUD, GBP, EUR, stocks of major Russian companies and gold and silver on MetaTrader 4.
FinaCom’s members are forex and binary option brokers and independent service providers (ISPs). They fall in one of two membership categories – A category allows traders to receive up to $20,000 under the FinaCom compensation scheme in case of dispute and clients of B-category members can get up to $5,000 as compensation.
The organization’s members are Alpari, Amarkets, DLS, EQTrades, EQMarkets, Forex Club, FXOpen, GEB Invest, Grand Capital, Ibinex, Juno Markets, Maxi Markets, Mtrading, NPBFX, Olymp Trade, RoboForex, Starfish FX, and Umarkets.
Most recently FinaCom approved Tradency’s automated trading platform RoboX and Forex Club’s Libertex platform.