Company Information

Get to know commonwealth foreign exchange

Founded in 1993, Commonwealth Foreign Exchange Inc. (trading as Commonwealth FX) was a prominent non-bank provider of foreign exchange and international payment services. The company specialized in helping corporate and private clients manage their currency exposures and execute cross-border payments efficiently. Its key services included currency risk management strategies, spot transactions, and forward contracts. In 2018, Commonwealth Foreign Exchange was acquired by the UK-based international payments and currency exchange group, Moneycorp, to expand Moneycorp's footprint in North America. Following the acquisition, the company's brand, operations, and services were integrated into Moneycorp.

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commonwealth foreign exchange

United States

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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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.