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Moneycorp

Exceeded
United Kingdom
,
Since 1962
Last Updated:
62/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
Standard Account

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 62%, 2: License 0%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
62%Fair
License
0%Poor
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:TTT Moneycorp Limited
Founded:1962
Headquarters:United Kingdom
Enterprise Offices:1offices

Customer Support

Phone:
+442075893000
Live Chat:
business_hours
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about Moneycorp: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overview

Moneycorp is one of only a few companies in the Foreign Exchange (FX) Trading industry that provides financial Services to a Diverse Group of Clients, including both Retail Traders and Corporate clients, mainly by Providing Currency Exchange and International Payment Solutions. Although Moneycorp is well-known in the Financial Services Marketplace for its Currency Services, Detailed Information Regarding its Trading Broker Services is Not One of the Company's more Widely Available Publications.

In this article, you’ll learn about the Most Commonly Available Information Regarding Moneycorp, including the Company Background, Key Features of the Company Products and Services, Regulatory Compliance, Trading Conditions with Moneycorp, Moneycorp Fees, and Market Perceptions About Moneycorp. Due to the small Amount of Data Available on Moneycorp’s Trading Services, this Summary is a Professional Overview of the Company’s Position in the Overall Financial Services Marketplace.

Company History and Background

Moneycorp is a Financial services company focused on Currency Exchange and International Payments. They Have Grown a Reputation as an expert in providing a system to efficiently manage Border Transactions, along with providing Customised Currency Solutions for Individuals and Companies who need to properly Manage Currency.

For that reason, the Historical Data regarding the establishment or growth of Moneycorp as a Trading Brokerage Service Provider is Limited or non-existent. This suggests that Moneycorp may be more focused on its Core Currency Exchange Services than on developing into a larger Service Retail Brokerage for Trading Instruments and Products.

Key Features and Services

Similar to All Currency-Related Services and Products, the Main Services offered by Moneycorp are Currency Exchange Services and International Payment Services. These Services are primarily designed to Provide Clients with the Ability to execute/Process International Transactions and/or Manage Foreign Currency Risk, at competitive rates and with efficient processing times.

Although Moneycorp Doing Business has been successfully Providing Financial Services for several years, Detailed Information Regarding the Company’s Trading Platforms, Types of Accounts and Investment Products have yet to be Made Available to the Public; Thus, primarily Indicate that Moneycorp may be more Specialized, and therefore Focused on a Narrow Range of Financial Services as Opposed to Being a Broader Provider of Trading Instruments and Platforms, as would be more typical of a Loan or Brokerage Operation.

Regulatory Compliance/Licensing


Regulatory Compliance and Licensing are one of the Most Important Factors to consider when selecting a Financial Services Provider. Unfortunately, There Also Appears to be a shortage of Publicly Available Information Regarding Moneycorp's Regulatory Compliance and Licensing Status Across Various Jurisdictions.

Currently, the following Summary is all of the Limited Regulatory Information Available on Moneycorp.

Regulator

License Number

Status

Limited information available

—

—

Trading Conditions and Platform Technology

Details regarding Moneycorp’s trading conditions such as spreads, leverage, minimum deposit requirements, and platform technology are not publicly documented. This lack of transparency suggests that Moneycorp may not operate as a traditional retail trading broker offering leveraged trading or multiple trading platforms.

Below is a table summarizing the available information on Moneycorp’s trading conditions:

Trading Condition

Details

Spreads

Limited information available

Leverage

Limited information available

Minimum Deposit

Limited information available

Trading Platforms

Limited information available

Fee Structure

Understanding the fee structure is essential for evaluating any financial services provider. Unfortunately, specific details about Moneycorp’s fees related to deposits, withdrawals, commissions, or other charges are not publicly accessible.

The table below reflects the current state of available information on Moneycorp’s fee structure:

Fee Type

Details

Deposit Fees

Limited information available

Withdrawal Fees

Limited information available

Commission

Limited information available

User Experience and Market Reputation

currency transfer services through its expanding portfolio of international payments and currency exchange services. In addition, Moneycorp has built a solid reputation for reliability and exceptional customer support across the currency exchange and international payments industries. However, due to insufficient information available on Moneycorp's trading services, potential clients may feel uncertain about their ability to assess their experiences as trading platform users and/or users of other brokerage services.

For clients looking specifically for currency exchange solutions, Moneycorp's service offerings may be a good choice. Conversely, if clients are looking for the complete range of trading services, including brokerage capabilities, potential clients will be better off researching more expansive brokerage options, as Moneycorp does not offer as comprehensive a range of trading services and does not document what it does have in terms of trading conditions and services offered.

Current Position:

There is currently no public information available regarding the latest developments with Moneycorp or any updates to Moneycorp's trading brokerage services. It remains unclear whether Moneycorp will maintain its stable operational status or continue to focus on its core competency in international payment and currency exchange services.

In conclusion:

Moneycorp has earned its reputation as a respected financial services provider that operates solely in the currency exchange and international payments industries. As such, there is very limited publicly available information that provides any meaningful context for clients regarding the nature of Moneycorp's trading brokerage activities. Some critical components of the trading relationship with Moneycorp — such as the trading conditions, fee schedule/structure, and the regulatory licensing under which Moneycorp operates — are simply not well documented.

Potential clients interested in Moneycorp's core services will find that Moneycorp offers reliable methods to manage the currency exchange aspect of their financial affairs; however, those seeking thorough brokerage services may leave Moneycorp's site feeling that the lack of information about its trading practices could be a hindrance. As always, the best approach for anyone interested in any product or service is to do due diligence and reach out to the provider directly for further inquiries about trading with Moneycorp.

 

Regulation check

Regulatory Licenses

Moneycorp is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Financial Conduct Authority 308919

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
United Kingdom
Authority strength
Tier 1
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to £85000 (FSCS)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeFinancial Ombudsman Service
  • Maximum leverage1:30

These are the rules FCA sets for the firms it licenses. They are not a statement about how Moneycorp applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • www.moneycorp.com/en-gbMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the Moneycorp brand.

1 entity
  • TTT MONEYCORP LIMITEDActiveUnited KingdomRegistration 00738837Established Oct 25, 1962
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Moneycorp

Most Popular Questions
Moneycorp serves clients primarily in the UK, EU, and globally with some exceptions. It prohibits clients from the USA, North Korea, Iran, and other sanctioned countries.
Moneycorp provides customer support through live chat during business hours. Other contact details such as phone numbers or email addresses for support are not specified in the provided context.
Moneycorp does not require a minimum deposit amount to open an account, allowing clients to start trading without an initial funding threshold. The minimum deposit currency is USD.
Moneycorp offers a maximum leverage of 1:1 for trading, which is significantly lower than typical forex brokers. This limit aligns with regulatory requirements and risk management policies.
Moneycorp provides access to a variety of regulated financial instruments including Forex, Bonds, Stocks, Funds, Options, Derivatives, Commodities, Loans, and Retail Investments. However, binary options trading is restricted.
Moneycorp is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, a tier 1 regulator. It holds a MiFID Investment Firm license and offers client fund insurance up to £85,000 under the FSCS scheme. This regulation ensures a high level of transparency and investor protection.
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