Company Information

Get to know first rate fx

Founded in 2004, First Rate FX Limited was a UK-based foreign exchange company that provided currency exchange and international payment services to private and corporate clients. The company's mission was to offer more competitive exchange rates and a higher level of service than traditional high street banks. In April 2021, First Rate FX was acquired by the financial services group Equitrade Capital, and its services were merged into their personal and business foreign exchange offerings. The original legal entity, First Rate FX Limited, was officially dissolved in October 2022, but its original services continue under the new parent company.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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first rate fx

United Kingdom

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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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.

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.