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Posted on Feb 12, 2015 at 07:31 PM
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InstaForex joins KROUFR

InstaForex has become a member of Commission for the regulation of relations in the financial markets (KROUFR).

InstaForex Joins KROUFR

InstaForex has become a member of Commission for the regulation of relations in the financial markets (KROUFR).

 

KROUFR is the non-profit organization aimed at developing services and regulating relationship between Russian participants of global financial markets.Affirmed by the foundation meeting Protocol of the meeting No 1 dated 15th of December, 2003

 

“An opportunity to lodge a complaint to independent experts is an additional guarantee of the client’s rights. We believe that membership in KROUFR will make our cooperation with traders even more transparent and open,” Director of Special Projects at InstaForex Anna Kochkina said.

 

KROUFR has extensive experience in settling disputes between Forex companies and their customers. Educating traders and boosting their awareness of events taking place in the forex industry are among other essential functions of the watchdog.

 

The goals of KROUFR includes to:

1. coordination and the enhancement of the activity of participants in international financial markets

2. minimizing risks in the markets

3. promotion and development of rules and standards for the conduct of operations in international financial markets, given the standards of business ethics and fair competition

4. resolution of disputes and disagreements between market participants

5. creation of an insurance fund for customers DC, who are members of KROUFR

6. help to create the conditions that promote the quality of work in the international financial markets

7. to contribute to the improvement of regulations and laws affecting the job market

8. information and analysis of the principles of operation and services presented in the financial markets.

9. research trends and prospects of development of international financial markets, as well as activities to introduce new technologies

 

Core activities of KROUFR include:

1. Settlement of issues and disputes arising among participants of global financial markets;

2. Certification of participants of global financial markets;

3. Ensuring implementation of liabilities by certified participants of global financial markets;

4. Advertising and information activity.

 

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