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United Kingdom
०१ जन. २०१९ (7 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 PagoFX
Company Information
Get to know PagoFX
Launched in April 2020 by Santander Group, PagoFX was a fintech venture created to compete with established players like Wise (formerly TransferWise) and Revolut in the international payments market. It offered fast, secure, and low-cost foreign exchange and money transfer services through a mobile app. The service leveraged Santander's extensive banking infrastructure and expertise to provide bank-level security and competitive exchange rates. In October 2021, its parent company, PagoNxt, announced a strategic shift to focus on B2B payment solutions, leading to the closure of the consumer-facing PagoFX service on November 30, 2021.
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