Interactive FX UK Limited is regulated by the Financial Conduct Authority (FCA) as Authorized Payment Institution (API). Interactive FX UK Limited Financial Services License number is 759853.
Key features of our regulation include:
Protection of Client Funds - There is a clear set of regulations on how we have to safeguard customer’s funds. This requires us to segregate customer accounts so that, in an insolvency event, this money would be protected from other creditors’ claims and can be repaid to customers. Client funds are always protected, as they are completely independent of Interactive FX ’s business accounts and assets. Note that we never use your funds to speculate on the market.
Highest Standards for Systems and Procedures - We must maintain systems that minimise the risk of the loss of our customer’s funds through fraud, misuse, negligence or poor administration. Also, we are required to have effective risk management procedures, adequate internal control mechanisms and to maintain relevant records.
Minimum Capital Requirements - We must maintain a minimum level of assets at all times that is set by the relevant regulatory authorities. We must also hold sufficiently liquid assets to be able to meet our working capital requirements.
Management Vetting - Key personnel are individually approved for performing controlled and significant influence functions. We must pass a ‘fit and proper test’ considering honesty, integrity, reputation, competence, capability and financial soundness to make sure that we are of good repute and possess appropriate knowledge and experience.
Detection of Financial Crime - We must comply with legal requirements to deter and detect financial crime, which includes money laundering and terrorist financing.