Financial Services: License Control Center was launched in 2013. On the organization’s official website, you will find that throughout its history, it has successfully handled over 2150 complaints, of which over 60% have been resolved for the benefit of customers. On average, the organization can resolve the issue within 6 days.
The company is managed by the Board of Directors. An independent committee is responsible for dispute resolution and is entirely dedicated to this function. In total, more than 300 specialists work here.
Financial Services Functions: License Control Center
This organization has the following responsibilities:
- acceptance and processing of complaints from traders and investors whose rights have been violated;
- settlement of financial disputes;
- compensation of financial losses to customers (the amount of compensation can reach up to 20 thousand euros);
- provide different types of educational services and materials to traders and investors.
Except for everything mentioned above, this commission provides additional services to companies that have joined the organization. The commission helps manage trade risk, analyzes the order execution process and provides access to Dispute Watch’s proprietary scam prevention registry.
A trader can get information about verified companies and their specifics from this organization. On the Centre’s official website, you will find a blacklist of brokers suspected of being scammers.
Companies that have joined the License Control Center
Companies such as Alpari, OlympTrade, NPBFX, IC Markets, DotBig, Forex Club, Libertex, Lord Fx, Exness and others have become members of the organization. The full list of brokers and trading services is available on the Centre’s website. Currently, this list includes more than 50 trusted financial service providers.
How companies join the Center of License Control
To become a member of the Financial Services: License Control Centera broker must follow these steps:
- complete and confirm a membership application;
- wait for the response from the Board of Directors;
- sign the membership contract;
- pay the dues.
Each company is required to follow the rules of the Center and to pay dues on time. Payments are accepted only in EUR within 10 working days.
Do traders and investors trust the License Control Center?
The confidence of traders and investors in the Center remains average. The organization does not have strict requirements for business. In fact, every company that completes the Center’s verification procedure and pays the dues will be able to join the organization.
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