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United Kingdom
2016 (10 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know First Money Financial Services
Company Information
Get to know First Money Financial Services
First Money Financial Services Ltd operated as an online direct lender in the United Kingdom, specializing in short-term and payday loans for consumers. The company aimed to offer a fast and straightforward application process for loans ranging from £100 to £1000. However, following a period of increased regulatory pressure on the high-cost short-term credit industry, the firm ceased trading and was placed into administration in March 2019. It is no longer authorised by the Financial Conduct Authority (FCA) to conduct regulated activities.
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