Company Information

Get to know borofree

South Tees Community Bank Ltd, which trades as borofree, is a not-for-profit financial cooperative, commonly known as a credit union. Its mission is to provide ethical and affordable financial services to its members. The organization is owned and controlled by its members, with a focus on serving the local community of Middlesbrough. It offers a range of services including savings accounts and personal loans, promoting financial well-being and providing an alternative to high-cost lenders. The entity is fully authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA).

Industry

Financial BankingPRIMARY
Financial Other Service

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borofree

United Kingdom

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.