The Financial Commission (FinaCom) today announced that it has added Libertex to its member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets.
Libertex, which stands for Liberty Exchange, is a simple investment platform – the terminal gives one access to the most popular financial instruments via single application that works on all types of desktop and mobile devices.
The Cyprus-based FX broker in July that it will be focusing its efforts on the Chinese and Turkish markets. Libertex has launched a USD/CNH (US dollar / Chinese yuan) currency pair and is also supporting traders who focus on the European market by introducing an EUR/CNH (Euro / Chinese yuan) pairing.
In 2016, Libertex signed a , the £63 million Real Madrid midfielder and Colombia national football team captain.
Following the acceptance of its application by FinaCom PLC, Libertex has obtained A-category membership status which means that its traders can be eligible for compensation of up to €20,000 per submitted claim and have access to all dispute resolution services offered by the Commission.
FinaCom is an independent international service that offers resolution of disputes with the aim of resolving trader-broker conflicts. All clients of members of the Financial Commission are protected by the Compensation Fund which acts as an insurance policy.
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