According to official data from the website https://fsclc.eu/, the FinLC has satisfied complaints of more than 1,300 clients of financial services. At the same time, it admits that users filed more than 2,500 complaints. So what is the Finance & Liquidity Commission? Can we trust it?
What is the FinLC?
The Finance & Liquidity Commission was created as an independent organization that resolves disputes that occur during the process of online trading. This organization is not a regulator. At the same time, it isn’t an arbitration organization, it’s a chargeback company.
The organization guarantees that it will do everything possible to issue chargebacks if customers’ rights are violated by companies that are members of this FinLC. Its goal is to protect your rights from unfair attitudes of financial services providers.
There is little information about this organization because it’s young. However, we know that the company has ten offices in Europe and Asia and follows the financial laws of the EU. More than 300 employees from Europe and Asia were involved in the resolution of more than 2,500 disputes.
Let’s uncover what we know about the organization step by step.
What are the goals of such organizations?
The Finance & Liquidity Commission claims that it has paid the money back to more than 1,3000 clients. We aren’t going to dispute this information. You can just take a look at the list of the Centermembers and make your own assumption on whether these companies are safe or not, based on your experience of working with them. FinLC claims that it can return to traders up to 30,000 euros.
Currently, the range of the organization members includes 50 companies. What’s curious is the fact that most of them are international brokers that provide financial services worldwide. From this, we can conclude that Finance & Liquidity Commission isn’t a local organization but it has an international influence.
Does it offer a reliable chargeback system?
Frankly speaking, not all brokers on the list of FinLC are reputable companies. However, we cannot neglect the fact that some of them, such as Pepperstone, ForexClub, Binomo, and Alpari are market leaders. You can easily find professional reviews on these businesses from both traders and market experts.
What makes us a bit hesitant about this company is that it has membership with some companies with poor reputations. Well, you can steal and protect yourself from scams, just avoid brokers that cannot guarantee the safety of your funds.
One more distinct feature of this organization is that it warns traders about potential scams. You can also request additional information and process the received data on your own.
Can I trust Finance & Liquidity Commission
Our research gives good food for thought. On the one hand, this is a real organization with real offices all over Europe that claims to resolve disputes within 6 days, on average. The organization has membership ties with companies that are well-recognized in the industry as reliable brokers and trading platforms, regulated by the most reputable international supervisory institutions.
On the other hand, we have a lot of questions for some members of the FinLC. Although we didn’t find real facts that the organization scams traders and investors, we cannot guarantee that all its members are trusted providers of financial services.
All in all, the activity of the Finance & Liquidity Commission is useful for the community of traders. It has an open Scam Alert, where scam brokers, which don’t secure the rights of their clients, are included. You can use this feature as additional material when choosing a company for online trading.
In the end, we would like to say that we recommend you take everything with a pinch of salt. Spend more time studying the industry of forex and different companies that offer their services. Use different sources of information, follow the news, and don’t trust financial companies without having serious grounds.
