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Regulatory status
Monex Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Electronic Money Institution, with permission to issue electronic money (e-money) and provide payment services – firm registration number 998114.
As Monex Europe Limited is not a bank or investment firm, client funds are not protected by the Financial Services Compensation Scheme (FSCS).
What we do with your money
Safeguarding rules are primarily designed to protect relevant customer funds received from client in relation to e-money, creating an asset pool from which to pay the claims of clients in priority to other creditors in the event of the insolvency of an institution.
The only thing that can be paid from safeguarded accounts before customers are paid back their money is the cost of the receiver (person appointed to manage the closure of a failed company).
Which funds are safeguarded by Monex Europe?
As an Electronic Money Institution, Monex Europe Limited must safeguard any relevant funds received from clients related to e-money or to execute payment transactions on their behalf to third party beneficiaries.
If you have specific queries, please contact regulatorycompliance@monexeurope.com
Settlement
Monex Europe provides clients with a secure trading environment to transact foreign exchange business. Our clients are provided with a highly secure system for communicating payment instructions and other sensitive data globally, while all outgoing payments and FX transactions made can be traced up to delivery.
- All payments are settled through an Authorised Credit Institution in London
- Monex Europe operates regulatory compliant client accounts
- Corporate member of SWIFT – SFXLGB2L