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Is Currency Solutions a legit broker?

Broker Issues
Currency Solutions
Regulation
05-26
United States
WikiFX
Reply

Currency Solutions is a legitimate broker in the UK, regulated by the Financial Conduct Authority (FCA). The firm holds an FCA license for Straight Through Processing (STP), which ensures that trades are executed transparently and fairly, without interference from a dealing desk. However, it's important to note that Currency Solutions' Payment License has been exceeded, which means that the firm is no longer authorized to offer certain payment services under that license. While this does not directly impact its ability to offer FX trading, it may be a concern for clients seeking payment solutions. The FCA regulation provides a level of trust, and Currency Solutions' focus on foreign exchange services is still a reliable option for those looking to trade currency pairs, but the exceeded payment license means that traders should be cautious when considering the firm's other services, particularly international payments. In any currency solutions review, this exceeded payment license should be a point of consideration.

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