The Financial Commission Expels DeltaFX, Emphasizing "Numerous Failures to Comply with" its Rules

DeltaFX has been expelled by the Financial Commission (FC) for failing to comply with the Commission’s rules.

The FC is an independent, non-governmental self-regulatory organization and external dispute resolution forum that provides dispute resolution for clients and brokers in the FX and CFD industry.

Following the expulsion, the FTC will no longer use the organization's compensation fund to compensate DeltaFX clients. The organization's compensation fund can only be used by its member brokers and is subject to adjudication by its Dispute Resolution Committee.

_{DeltaFX has been expelled by the FC}

In an announcement released on October 31, the FT said, “As Financial Commission is an industry-supported self-regulatory organization (SRO) our enforcement of member compliance is reflected entirely within our membership standings, where a firm’s integrity and adherence to rules must be strictly upheld in order for membership to be maintained.”

By the time of publication, DeltaFX's official website has not taken down the content about the Financial Commission and the link to the organization's official website. However, the link shows that DeltaFX has been expelled by the FC.

It is worth mentioning that DeltaFX is an unlicensed broker that is not authorized by any financial regulator. Although the broker claims to be an international business company registered in St. Lucia, the Financial Services Regulatory Authority (FSRA) of St. Lucia has stated that the agency is not responsible for regulating forex activities and forex brokers.

In 2022, DeltaFX also claimed to be regulated by the St. Vincent and the Grenadines Financial Services Authority (SVG FSA), but the SVG FSA is also not a forex regulator.