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Is Currency Solutions regulated?

Broker Issues
Currency Solutions
Regulation
05-20
Estados Unidos
WikiFX
Sagot

Currency Solutions is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The firm holds two licenses from the FCA: one for Straight Through Processing (STP), which ensures that trades are executed without intervention from a dealing desk, and another for Payment Services, which has since been exceeded. The STP license is still valid and provides a degree of security and trust for traders, as it ensures that Currency Solutions follows the best practices for executing foreign exchange transactions. However, the exceeded Payment License raises some concerns about the company's ability to provide full payment services in compliance with the latest regulations. For traders focused on foreign exchange, the STP license offers a clear and regulated pathway, but those interested in broader payment solutions might want to investigate further before using Currency Solutions for such services. This is an important factor to consider when reviewing Currency Solutions.

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