The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has welcomed its latest member firm, adding FXB Trading to its growing membership, according to a FinaCom statement.
FXB Trading is the trading name of FAZCO CAPITAL LTD and is a provider of foreign exchange (FX), commodities, and contracts-for-difference (CFDs), regulated by the Financial Services Authority (FSA) of Saint Vincent. The latest membership approval comes with several benefits as approved members of the Financial Commission and their clients benefit from a more streamlined and swift resolution process relative to traditional channels of arbitration.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
Since its inception, the Financial Commission exists as an industry-focused dispute resolution service, with its Dispute Resolution Committee (DRC) serving as the group’s paramount regulatory body in all circumstances. The DRC is staffed by executives from leading companies in the financial services industry with the aim of resolving trader-broker conflicts.
According to Peter Tatarnikov, Chairman of the Financial Commission, in a statement on the membership approval: “We are pleased to see new brokers continuing to join the Financial Commission and proud to welcome A category member FXB Trading as our latest approved member and the most recent brokerage to join the Financial Commission.”
“Our ongoing membership growth reflects the importance of efficient dispute resolution and shows that companies and their clients value when a neutral 3rd party provides such services. Financial Commission provides an unmatched dispute resolution process which FXB Trading and its customers can now take advantage of,” he added.
The addition of FXB Trading to FinaCom’s membership is the latest inclusion to its membership since adding Clear Point Finance Limited (CPFX) earlier this month.