Financial Commission Announces X Spot as Latest Approved Member

X Spot’s status as a Member of the Financial Commission took effect on January 30, 2017, following the approval of its membership application by FinaCom PLC’s board, thus allowing the company and its customers to be entitled to related membership benefits.

Financial Commission provides brokerages and their customers with an unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes.

For approved members and their clients participating in CFDs and foreign exchange (forex) markets, Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels such as arbitration or local court systems.

X Spot joins a diverse range of brokerages and independent services providers (ISPs) that utilize the services of the Financial Commission and as part of their commitment to their clients while upholding membership requirements.

Financial Commission Chairman, Peter Tatarnikov said, “We are pleased to see new brokers continuing to join the Financial Commission and proud to welcome A category member X Spot 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 companies and their clients value when it’s provided by a neutral 3rd party. Financial Commission provides an unmatched dispute resolution process which is now extended to our newest member X Spot.”