Foreign Currency Traders

Foreign Currency Traders

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We will start to use currency traders, does anyone know what to look out for and how to rate them?  Someone mentioned 'A Ratings' . If they are registered with the FCA will that be sufficient?

Thanks

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By Gem7321
24th Sep 2014 11:18

They should also be registered with HMRC as Money Service Business.  I also credit check them (if they can't look after their own money I don't trust them with mine) and general information such as how long they've been established as there are many cropping up now and how I get on with the trader. 

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By airgead
24th Sep 2014 13:08

Foreign Currency Traders

Thanks will check this out, how can you credit check a company (one off) do we have to have an account ?

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