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Sweden
1965 (61 Years)
Last online: No recent activity
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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.
Get to know Forex Bank
Company Information
Get to know Forex Bank
Founded in 1965, FOREX began by providing currency exchange services from a small office in the central station of Stockholm. It received its banking license in 2003 and operated as Forex Bank, offering basic banking services alongside its core currency exchange business. In May 2021, the company strategically wound down its banking operations, transferring its deposit and loan accounts to ICA Banken. Today, FOREX has returned to its roots, focusing exclusively on being the Nordic leader in travel currency and money transfers, operating a network of physical branches across Sweden, Denmark, Finland, and Norway.
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