The FinancialCommission has approved MBX PRO as its newest Broker Member. The brokerage’smembership took effect this week.The membership givesMBX PRO and its customers access to the organisation’s dispute resolutionservices and other member benefits.The approval followsother recent additions to the Financial Commission’s membership. Theorganisation recentlyconfirmed RA Prime as a member. Other recent additions include FP Markets,OneRoyal, FXON, GTCFX and Neex.Commission Offers Mediation for BrokerDisputesAmong the benefitsavailable to members is access to the Financial Commission’s Compensation Fund.It provides protection of up to €20,000 per submitted complaint, subject to theorganisation’s rules and procedures.The FinancialCommission provides an independent third-party mediation platform for disputesbetween brokers and their customers. It handles complaints when the parties areunable to reach an agreement directly.The organisationcovers markets including contracts for difference, foreign exchange andcryptocurrencies. It says its mediation process can provide a simpler andfaster route for resolving disputes than arbitration or local courtproceedings.iTech Software Gains FinancialCommission CertificationEarlier this year, theFinancial Commission certified tradingtechnology provider iTech Software following a review of its systems.The certificationcovers technology used by brokers and traders and is intended to assesscompliance with the Commission’s technical requirements.iTech Softwareprovides technology for forex, CFD, cryptocurrency and NFT brokerages. Itsservices include web trading platforms, back-office systems, live support,monitoring and risk management tools.The FinancialCommission’s assessment covered areas including system security, capacity,disaster recovery and business continuity, reporting, and record keeping.Scammers Impersonate FinancialCommission to Target TradersThe FinancialCommission investigated ascam involving individuals impersonating the organisation and targetingtraders with broker-related losses or blocked withdrawals. They offeredpurported fund recovery and chargeback services for fees, using fake guaranteeletters and contact details resembling legitimate firms and digital walletproviders.The Commission said itdoes not offer recovery or chargeback services, contact traders unsolicited,use messaging apps for official communication, or issue guarantee letters.This article was written by Tareq Sikder at www.financemagnates.com.