Better Broker Bureau Learn About Efforts to Begin a Self-Regulatory Organisation (SRO) for Financial Instrument Brokers
Better Broker Bureau has identified a trend in the Forex market for unverified slander and unscrupulous behavior online that can drastically affect a company's business reputation and the confidence traders have with their online broker.
LONDON, April 12, 2019 (Newswire.com) - Better Broker Bureau has identified a trend in the Forex market for unverified slander and unscrupulous behavior online that can drastically affect a company’s business reputation and the confidence traders have with their online broker. It offers to resolve these specific issues through the establishment of a SRO, Self-Regulatory Organization.
This month, Better Broker Bureau has opened its doors for business through a soft launch. To begin with, our focus will be in promoting and educating consumers about Self-Regulatory Organisation (SRO) and why the Forex industry needs it.
The US market has plenty of companies that do positive accreditation of businesses from the NYSE to Trustpilot. Our accreditation is modeled off the established players as we strive to enhance the level of engagement brokers have with the consumers that use us as their credible source for making a potential investment decision.
Although we cannot stop financial crime or fraud, we can mitigate the risk of falling victim of potential fraud. Our service, when engaged by an unregulated or a regulated broker will get reputational benefits as well as resolution assistance in the wake of hiccups that can happen along the way.
The three main benefits from the establishment of a SRO:
1. Less cost and less bureaucracy of regulatory agencies since they would allow an SRO to operate before being involved themselves; especially since the geography of Forex covers the globe and the amounts of traders and their capital can be very low (like $100).
2. Less cost and expense in maintaining a brokerage - as the SRO will help bring credibility to its organization and have traders ignore unverified comments
3. More confidence of the consumer - the consumer will more likely have more confidence and have an overall improved experience
The company aims to create reputable, accredited branding and ensuring the good practice of on Forex brokers in financial instruments offering Equities, Forex, CFDs, and Cryptocurrency resulting in a consistent effect for the businesses involved.
Better Broker Bureau, and its website, www.BetterBrokerBureau.com, is available to the press as well as to the public. Our goal is to provide reports that may be useful to the reading public. We are also available by email: firstname.lastname@example.org
Source: Better Broker Bureau
Categories: Banking, Finance, Insurance