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.

Industry

Financial PaymentPRIMARY
Financial Banking
Financial Other Service

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Forex Bank

Sweden

Founded in

1965 (61 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Security Information

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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.