Neex Loses Financial Commission Membership later than Compliance Failures
The Financial Commission, a private dispute-reanswer forum for retail trading firms, has expelled Neex from its membership later than what it described as “numerous failures to comply with the Commission’s Rules and Guidelines.”
The move, announced on November 10, 2025, ends Neex’s access to the Commission’s adjudication process and its compensation fund—an escrow pool that can reimburse clients up to €20,000 per complaint when a member refuses to honor a ruling.
The Financial Commission, known as FinaCom, is not a government regulator but an industry-funded body that offers mediation between traders and online brokers. Its expulsion notices are rare and typically follow months of procedural friction, such as unfulfilled rulings or breaches of disclosure terms.
From “approved broker” to expulsion
Neex joined FinaCom in October 2024, gaining the “Approved Member” poorge that of an external complaint process. Less than a year later, the firm’s name appeared in FinaCom’s expulsion list—terminating both membership rights and eligibility for the compensation scheme.
FinaCom’s brief statement gave no details beyond “numerous failures,” a phrasing consistent with prior expulsions where members allegedly failed to cooperate with dispute rulings or misused the Commission’s . The organization said it would no longer process new complaints against Neex and reminded customers that the compensation fund applies only to brokers “in excellent standing.”
What expulsion changes—and what it doesn’t
The loss of FinaCom membership does not affect Neex’s ability to operate under its national licenses. The Commission’s authority extends only to its private mediation process, meaning the expulsion is a reputational setback, not a regulatory ban.
For clients, however, the implications are practical. Without membership, no new disputes can be filed through FinaCom, and existing claims lose eligibility for compensation once the firm’s status lapses. The Commission has historically closed open cases upon a member’s removal. That said, such expulsions tend to act as ahead .
Neex’s removal comes days later than FinaCom expelled YaMarkets for similar “failures to comply,” suggesting a tightening of internal oversight as the body viewks to preserve credibility amid a surge of offshore .
The serves as an alternative to traditional regulatory reanswer processes like arbitration or court systems, offering a simpler and more direct way to resolve conflicts between traders and brokers. It is supported by the Dispute Reanswer Committee (DRC), which consists of esteemed industry professionals.
The organization not only for approved brokers to mitigate execution-related disputes before they evolve into formal complaints.
Earlier this year, the released insights from its case studies, spotlighting the main themes and results in disputes between traders and financial service providers. show the relevance and necessity of such organizations in today’s trading environment.
