The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has welcomed its latest member firm today with the addition of X Spot to its growing membership, according to a FinaCom statement.
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X Spot International Ltd. is an international financial services company that is registered by the Financial Services Authority (FSA) of Saint Vincent. The group provides a wide range of financial products including foreign exchange (FX) and contracts-for-difference (CFDs). The broker is the latest addition to FinaCom’s membership, gaining official status as a member of the organization with immediate effect.
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.
The inclusion of X Spot to FinaCom’s membership is also the latest addition to its membership since adding LQD Limited last month.