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How does it work?
The Compensation Fund acts as an insurance policy for members' clients. This fund is held in a separate bank account and is only used if a member refuses to adhere to a judgment from the Financial Commission.
Orcara Gold is a member of the Financial Commission — an international organization engaged in the resolution of disputes in the financial services industry for the CFD market.
The Financial Commission was established to be a neutral third-party committee to fairly review and resolve complaints. It aims to facilitate a simpler, swifter resolution than through industry regulators and the legal system.
The Commission ensures that traders and brokers have their disputes resolved in a quick, efficient, unbiased and authentic manner, while making sure that all parties walk away with a fair and thorough answer to their concerns. It also provides additional protection for traders through the Compensation Fund.
The Financial Commission is an independent external dispute resolution (EDR) organization.
The Compensation Fund acts as an insurance policy for members' clients. This fund is held in a separate bank account and is only used if a member refuses to adhere to a judgment from the Financial Commission.
The Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues.
The fund is only used for a judgment issued by the Financial Commission. It does not cover traders' losses incurred during self-directed trading, and it does not apply to a broker's entire client base should the broker become insolvent.
The Compensation Fund will cover judgments made by the Financial Commission of up to €20,000 per client.
For judgments issued by the Financial Commission. For more information, please refer to the website of the Financial Commission and our Client Agreement.
Our compliance team can explain how the Financial Commission dispute resolution and Compensation Fund apply to your account.