Here’s how we look
Security and compliance is of paramount importance to Best Rate Global. We adhere to strict and stringent regulations and have robust internal controls in place to safeguard your funds and minimise any risks to the business or your money.
All transactions are initiated using a secure payment system which ensures each payment is approved internally by multiple users and processed by our Tier 1 partners.
We aren’t here to speculate
We don’t speculate on the currency markets. Or invest your money overnight. When you enter a transaction with us, we enter a matching, binding trade with our bank.
Client money is held in segregated client ‘safeguarding’ accounts using our global Tier 1 banking partners. It means all client funds are held separately from any company money or assets to comply with regulations.
Our Payment and Foreign Currency Exchange Services are regulated under the FCA’s previsions for safeguarding clients accounts. This means, all clients funds are held in a safeguarding account. Should the worst happen, it means your funds form no part of the companies assets and are ring fenced to ensure the funds are always ready to be returned. Best Rate Global, work closely with Electronic Money Institutions, which allows up to operate under their FCA licence.
In past 12 months
Full Regulated In
Best Rate Global work under the following conditions to ensure you and your money are looked after inline with FCA Regulations.
Our partners are regulated under the FCA’s E Money License program. This is similar to bank grade regulation, allowing us to process and hold money on account safely.
Client funds are held in segregeted
accounts, entirely separate from our
own operating accounts, so client funds are always safe.
ROBUST RISK MANAGEMENT
We have strict governance and operational processes in place to scrutinise the accuracy of each of our transactions, with appropriate involvement from our Directors.