Moneycorp Review

Moneycorp Overview

Who are they?

MoneyCorp is a global-level Fintech company and the UK’s second largest foreign currency broker. Moneycorp provides payment products and services. The basic purpose of business is to help Individuals and commercial clients get their money where it needs to be for any purpose within just 10 to 15 minutes.

Initially, the Fintech company was founded in 1962 as a U.K-based traditional foreign exchange retailer. The Company provided financial products and services for people at multiple locations in central London. At that time, the Fintech giant was founded to compete with local banks at the same location. But after years of successful operations at Central London, it moved to different airports in Britain to attract more local and international clients. Currently, the company has two foreign exchange outlets at Heathrow Airport. Moneycorp started dealing in foreign currency in 1979.

Who are they Regulated by?

Moneycorp was expanded throughout Britain by the year 2000. Its success was giving services beyond a few international payment capabilities for private people, businesses, and corporate clients. Moneycorp emphasized technology, payment licensing, and technology upgrades during this period. So that payments could be easily made available to the clients demanding from any place and to minimize fraudulent acts.

From where does Moneycorp operates?

It is a registered private owned company and is owned by Bridgepoint Group. The international Fintech company’s headquarters are in London, but its presence is across the USA, UAE, Europe, Australia, and Asia, facilitating the needs of its clients.

Which currencies do they allow?

Moneycorp deals with multiple payment needs that includes business payment solutions, personal payments on an international level, multi-currency wallets, FX risk management strategies, notice accounts, deposit accounts, prepaid explorer cards by Master card or Visa cards, and travel money also supports the global supply chain of banknotes. The Fintech company also offers payments in more than 120 currencies through a reliable process of services that includes but is not confined to forward contracts, foreign exchange spots, and options contracts.

Moneycorp works on the principle of its payment’s technology includes API integrations for huge payments, liquidity providers, and a self-service platform with an accounts manager assigned for each client to guide them throughout the process. These multiple payment solutions bring in the general public, financial institutions, and businesses, irrespective of their size and kind, as their major clients.

What makes Moneycorp better than banks and other financial institutions?

The foreign exchange company shares that it has more than 40,000 customers, including individuals, businesses, and 150 partners across the globe. The reason behind its success is that it buys and sells currencies more quickly and in the safest way as compared to banks. And other financial institutes.

Ratings:

Moneycorp is highly rated by its customers as they can use it for trade over the phone, online, and via a smartphone app.

Fees and rates:

Moneycorp has no hidden charges for their customers, and exchange rates are better than what banks offer.

Trading foreign currencies was never that simple, quick, and safe without Moneycorp!