Score
United Kingdom
|
10-15 years
| https://www.currencysolutions.com/
Website
Rating Index
Influence
C
Influence index NO.1
United States 2.80
Single Core
1G
40G
1M*ADSL
United Kingdom currencysolutions.com
currencysolutions.co.uk
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GEOFFREY JOHN DADSWELL
United Kingdom
Director
Start date
Status
Employed
CURRENCY SOLUTIONS LIMITED(United Kingdom)
DENIZ ENVER
United Kingdom
Secretary
Start date
Status
Employed
CURRENCY SOLUTIONS LIMITED(United Kingdom)
ROBERT LEE GRIFFITH
United Kingdom
Director
Start date
Status
Employed
CURRENCY SOLUTIONS LIMITED(United Kingdom)
| Currency Solutions Review Summary | |
| Founded | 2003 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA: Straight Through Processing (STP) (regulated), Payment License (exceeded) |
| Services | Foreign exchange (FX) and international payment services |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Phone: +44 2077400000 |
| X, Linkedin, Instagram | |
| Address: 4th Floor Hobbs Court, 2 Jacob Street, London, SE1 2BG | |
Founded in the UK in 2003, Currency Solutions offers foreign exchange (FX) and international payment services, providing access to over 170 currency pairs. The firm is authorized and regulated by the Financial Conduct Authority (FCA) for Straight Through Processing (STP). However, their Payment License (number 512130) has been exceeded. Moreover, information regarding trading platforms, spreads, leverage, and minimum deposit is not readily available, and they do not currently offer demo accounts.
| Pros | Cons |
| Regulated by FCA | Exceeded license |
| Limited info on trading fees | |
| No demo accounts | |
| Lack of info on trading platforms |
Currency Solutions currently holds two licenses under the FCA. One is a Straight Through Processing (STP) license, which is regulated. The other is a Payment License, which has been exceeded.
| Regulated Country | Regulated Authority | Regulated Entity | Current Status | License Type | License Number |
 | Financial Conduct Authority (FCA) | Currency Solutions Limited | Regulated | Straight Through Processing (STP) | 602082 |
 | Financial Conduct Authority (FCA) | Currency Solutions Limited | Exceeded | Payment License | 512130 |
Currency Solutions offers more than 170 currency pairs, foreign exchange (FX) and international payment services.
Currency Solutions supports payment methods through Visa and Mastercard debit cards, as well as bank transfer.
The minimum deposit required to trade with Currency Solutions is not specified on their website. This lack of clarity can be frustrating for traders who want to understand their financial commitment before opening an account. Since Currency Solutions offers foreign exchange services, the deposit requirements may depend on the type of account or service you wish to use. I recommend contacting their customer support team to clarify the minimum deposit required to start trading. A currency solutions review might also include this information.
Currency Solutions offers several benefits for traders and clients. The primary advantage is its regulation by the Financial Conduct Authority (FCA), which provides a layer of security and trust for users. Being FCA-regulated means that Currency Solutions operates under strict financial guidelines, ensuring transparency and fairness in its trading activities. Additionally, the firm offers access to over 170 currency pairs, making it a strong choice for foreign exchange traders looking for variety and liquidity. The company’s focus on Straight Through Processing (STP) also means that clients can benefit from faster trade execution with no dealer intervention, which could lead to better pricing. Furthermore, Currency Solutions provides international payment services, which may be convenient for those looking to make cross-border transactions. These advantages make Currency Solutions a reliable choice for FX traders who prioritize transparency and regulatory protection, but as always, it's crucial to read a currency solutions review to get a complete picture.
As a trader, I view Currency Solutions' regulatory status positively, particularly due to its Straight Through Processing (STP) license from the Financial Conduct Authority (FCA). This means that Currency Solutions adheres to the high standards required by one of the most respected regulatory bodies in the financial world. For those seeking a transparent, reliable FX trading environment, the FCA regulation is a reassuring factor. However, I would also caution traders about the exceeded Payment License, which could affect Currency Solutions' ability to offer full payment services. This limitation should be considered, especially for clients looking for international payment solutions. Overall, Currency Solutions is a trustworthy broker for FX trading, but I recommend staying informed about the implications of their exceeded license for payment services. When reading any currency solutions review, be sure to keep this factor in mind.
Despite its regulatory status, Currency Solutions has several drawbacks. One significant downside is the lack of transparency regarding fees, spreads, and other trading costs. The firm does not provide clear information on its website about the cost of trading, which can be frustrating for potential clients who want to understand the pricing structure before committing to the platform. Another major issue is the absence of a demo account. This is particularly concerning for new traders who want to practice in a risk-free environment before trading with real money. The lack of a demo account limits the ability to familiarize oneself with the platform and test strategies without financial risk. Additionally, while the firm offers more than 170 currency pairs for trading, it does not provide access to other financial instruments such as commodities, indices, or cryptocurrencies. This makes Currency Solutions less suitable for traders seeking a broader range of assets to trade. Lastly, the exceeded Payment License raises concerns regarding its ability to offer full payment services, which could be an issue for those looking for a complete solution. For a more thorough understanding, always check a currency solutions review for user feedback.
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