Reply To: Opofinane – legit or scam?

#196654
James Barra
Moderator
    DayTrading.com Team

    Carla – sorry for the delay.

    The Financial Commission is not a traditional regulator like the FCA or CySEC. Instead, it’s a private, self-regulatory organization that offers dispute resolution and a limited compensation fund (€20,000 per client) for member brokers.

    While FinCom adds credibility, it lacks the enforcement power, strict oversight, and mandatory legal protections provided by government regulators. Membership is voluntary, and its jurisdiction applies only to participating brokers.

    For strong investor protection, prioritize brokers regulated by top-tier authorities like FCA or CySEC, as FinCom alone is not sufficient.