Security at Worldwide Currencies

The security and safety of your money is key to our business. Whether you are entrusting us with your personal funds or asking us to manage currency transactions for your business, we look after your money as if it is our own.

Worldwide Currencies is safeguarded by the FCA. We ensure your funds and ours are kept completely separate – the FCA demands that our company maintains a specific level of capital to cover operational costs as well as safeguarding your funds.

All funds are internally segregated and held securely within a client account at one of our banking providers. Rest assured that when you are paying for a trade, that is all you are paying for.

Regulatory information

We are certified by the following institutions.

Worldwide Currencies Limited is a registered company. Our company number is 05892452. We are fully authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (registration 525361) for the provision of payment services. We are also registered MSB with HM Revenue & Customs (registration 12242572) and members of the IAMTN (International Association of Money Transfer Networks).

Security of Funds

At Worldwide Currencies we adhere to the FCA requirement to ‘Maintain a defined level of capital at all times’ to cover the operational cost of the company as well as ‘Safeguard client funds (by segregating client funds from those of the company)’. So a client’s funds are used for their trade alone, never for any other purpose, and therefore are secured against the risk of loss.

When paying for a trade, all funds are internally segregated and held securely within a client account at one of our banking providers. This ensures we can easily reconcile the accounts, trace funds and guarantee that company and client funds are definably separated. This level of segregation limits risk to you and your funds as well as to us and ours.

Insurance

Worldwide Currencies is insured against a high level of financial loss with Liberty International Underwriters. Our cover includes up to £5,000,000 each for Direct Financial Loss, Civil Liability, and Directors and Officers Liability Insurance.

Data protection

Worldwide Currencies operate under the General Data Protection Act (GDPR) and hold any personal data in accordance with the principles of that act. You have the lawful right to request a copy of all information we hold about you. Please see our Privacy Policy for further details and your rights.

Personal data shall be obtained only for specified and lawful purposes.

Online security

Worldwide Currencies uses a VeriSign service which enables the security and stability of our website and data held within. Your private information is secure using SSL encryption before transmission, security technology which establishes an encrypted link between a website and a client.

Why use Worldwide Currencies?