Company Information

Get to know magnifymoney

Founded in 2014 by former bankers Nirav Patel and Nick Clements, MagnifyMoney was created to provide transparency in the personal finance industry. The company operates as a free, independent resource offering consumers comparison tools, product reviews, and educational content to help them save money and make informed financial decisions. It covers a wide range of products including credit cards, personal loans, mortgages, student loans, and bank accounts. In 2017, MagnifyMoney was acquired by and now operates as a subsidiary of LendingTree, Inc., further expanding its reach and resources.

Industry

Financial Financial AdvisementPRIMARY
Financial Other Service

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magnifymoney

United States

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Provided by TrustFinance

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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.

Regulated

Recommended

(78 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.