Company Information

Get to know UAE Exchange

Founded in 1980 by B. R. Shetty in Abu Dhabi, UAE Exchange grew to become a leading global remittance and foreign exchange brand. It offered services including international money transfers, currency exchange, and bill payments to millions of customers worldwide, with a particularly strong presence in the remittance corridors between the Middle East and South Asia. In 2020, the company faced a major crisis linked to financial irregularities and hidden debts at its parent company, Finablr PLC, leading to regulatory intervention, administration, and the eventual rebranding of many of its operations to Unimoni.

Industry

Financial PaymentPRIMARY
Financial Other Service

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UAE Exchange

United Arab Emirates

Founded in

1980 (46 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.