Supervision in all sectors is necessary, and the Foreign Exchange Market is no exception. To this end, the financial regulators in each country keep a close eye on the foreign exchange market to prevent unfair dealings.
On the other hand, FinaCom can be used as an alternative to external dispute resolution services in certain circumstances.
In this Financial Commission review, we will see how great it does its job at resolving disputes.
This Financial Commission Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
Works with prominent names in the industry
Cons: What I Didn't Like
Long membership approval
No payment from third parties
You probably discovered The Financial Commission for the same reason you might have come across any other financial newsletter, forex trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than make up for the losers.
But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about The Financial Commission, keep reading.
What Is The Financial Commission?
About seventy-five years ago, an independent Forex market regulator called the Financial Commission (FinaCom) was established. FinaCom is proud to announce that they now work with over 30 foreign exchange brokers, including some of the most prominent names in the industry.
If a consumer or trader is having trouble settling a disagreement with a member of the financial services industry, they can turn to the Financial Commission, which acts as an external dispute resolution committee.
The goal of the Financial Commission was to give Forex traders and brokers a fresh way to handle conflicts that develop during trading.
FinaCom handles cases involving a wide range of dollar amounts. They give traders a forum to air their grievances and help brokers reply to allegations that they may have been treated unfairly.
FinaCom releases a report each year detailing the number of complaints received and the total compensation awarded.
Even though it may look like one, the Financial Commission is not a governing authority. The organization is a neutral ADR board that swiftly and effectively mediates disagreements between investors and brokers.
Unlike a financial regulator established by statute, FinaCom lacks the jurisdiction to prosecute brokers who break the law.
How To Join The Financial Commission?
Anybody hoping to join the Financial Commission must fill out and submit an application.
To join the Financial Commission, you must be prepared to commit to it for a year.
If accepted, the next step in becoming a member of the Financial Commission is to submit payment of the membership fee.
Payment in full for the first year is required once your application is accepted. After the first year, the preceding fees can be paid semi-annually.
All payments must be made via Euro bank wire. Its website states that it does not accept any forms of third-party payment, including credit cards, business checks, personal checks, or any other form of a check.
The Financial Commission Compensation Fund
Clients are protected by the Compensation Fund, which acts as an insurance policy. This is tapped only if a member refuses to follow the Financial Commission’s ruling.
It is crucial to realize that the money can only be used to satisfy a Financial Commission ruling. In case of a broker member’s insolvency, the fund will not compensate all of that member’s clients for losses incurred by self-directed traders, nor will it apply to those clients’ losses incurred by other brokers.
Additionally, as stated in clause 16 of the Financial Commission’s Rules and Guidelines, the Compensation Fund cannot be used for complaints involving trading by management accounts or trading in synthetic or non-market financial products.
Ten percent of each month’s membership dues are set aside by the Financial Commission and deposited into a special account designated solely for the Compensation Fund. These funds may not be used to cover the organization’s costs or for any other purpose.
Judgments against Members’ clients will only be covered up to €20,000 per client.
Which Complaints Do The Financial Commission Accept?
Traders who have an active membership with FinaCom when a dispute is filed against a broker member will have their complaint considered.
Unfortunately, FinaCom can’t help with your disputes with non-members, those who have been expelled from the organization, or whose membership status is “under review.” However, it suggests you contact the appropriate financial regulatory authorities in your country of residence instead.
For instance, as of April 13th, 2022, EGMarkets is no longer a part of the Financial Commission. This action was taken because the organization was not following membership rules, despite being given numerous chances to do so.
As a result, the commission said it couldn’t take on new complaints from EGMarkets customers.
What Is A Commission?
A broker or investment advisor may charge clients a commission for their services when buying and selling assets.
Fee-based and commission-based advisors differ in significant ways.
A commission-based-advisor or broker earns their living by helping clients invest in various assets, including mutual funds and annuities, and by facilitating trades using their clients’ funds.
An asset manager who works on a flat fee basis is called a fee-based advisor. This might be expressed as a fixed dollar sum or asset percentage under management. Gifts of stock are common in sales between family members and are not subject to commission.
Be aware of financial advisors who seem more concerned with making a sale than serving your best interest; this is especially important when choosing a brokerage or advisor.
Is The Financial Commission A Scam?
So, is The Financial Commission a scam? Not technically. You can make money with it, but it’s definitely not as easy as the company makes it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risk.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“xyz grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To The Financial Commission?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money In 2023?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
1. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
2. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like The Financial Commission which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.