The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has welcomed Forex Club LTD., a provider of foreign exchange (FX), precious metals, and contracts-for-difference (CFDs), according to a FinaCom statement.
The Financial Commission exists as an industry-focused dispute resolution service, with its Dispute Resolution Committee (DRC) acting as its paramount regulatory body. The DRC is staffed by executives from leading companies in the financial services industry with the aim of resolving trader-broker conflicts.
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The addition of Forex Club LTD is important as it represents the thirteenth brokerage member for the Financial Commission, which has seen its ranks grow steadily in 2015, and now into the new year.
According to Peter Tatarnikov, the Financial Commission’s Chairman, in a recent statement on the addition: “We are glad to welcome Forex Club as our newest member. It was an important and well made decision for Forex Club as the company seeks to leverage its regulatory licenses and grow its business globally.”
Last week, the Financial Commission welcomed Grand Capital LTD as its newest member and twelfth brokerage constituent, helping provide its clients with a neutral 3rd party mediator service to help resolve customer complaints in a fair manner. The company is incorporated in the Republic of Seychelles, and has offices in Europe, Asia, Russia and the CIS.