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What does it mean that Currency Solutions is regulated by the FCA?

Broker Issues
Currency Solutions
Regulation
06-17
Estados Unidos
WikiFX
Sagot

Currency Solutions is regulated by the Financial Conduct Authority (FCA) under a Straight Through Processing (STP) license. This means that the firm is authorized to provide foreign exchange (FX) services and must adhere to the strict rules set by the FCA, one of the most trusted financial regulators in the world. For traders, this regulation ensures that Currency Solutions operates with transparency and accountability, which is crucial when managing funds. It also guarantees that the firm must segregate client funds and follow appropriate financial practices, providing some degree of protection. However, while the FCA regulation offers some security for FX trading, it’s important to note that Currency Solutions’ Payment License has been exceeded, which may affect their ability to offer full payment services. For a complete understanding of this situation, a currency solutions review is helpful for identifying the impact of the exceeded license on the firm’s services.

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