Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 8 years ago.
About this institution
Verified active against the FCA Financial Services Register. Currencies Direct Limited holds a current UK e-money licence issued on 23 March 2018 under reference 900669. The authorisation covers three core activities: issuance of electronic money, safeguarding of customer funds, and distribution and redemption of electronic money. These form the operating perimeter within which the entity functions as a regulated electronic money institution.
The register records no EEA passporting arrangement for this licence. Currencies Direct Limited operates under its UK authorisation only and has not notified any host state regulators under the cross-border passporting framework as at the last cross-check.
Data note: the entity's authorisation continues as active. The Financial Conduct Authority, reference 900669, confirms the current operational status.
Licence timeline
3 dated eventsDated events for Currencies Direct Limited, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Financial Conduct Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Financial Conduct Authority
Position in the United Kingdom register
United Kingdom EMIs
474
Active
289
Full / small licences
403 / 71
Licence age rank
22/287
Currencies Direct Limited is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 22nd oldest of the 287 dated United Kingdom EMI authorisations, one of 112 granted in 2018.
Is your money safe with Currencies Direct Limited?
Currencies Direct Limited holds an e-money authorisation from Financial Conduct Authority, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by the FSCS, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
Authorised activities (PSD2 / EMD2)
Payment-services activities Currencies Direct Limited is permitted to carry out under its licence, as recorded in the register.
- Issuance of electronic moneyEMI_ISSUANCE
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is Currencies Direct Limited a licensed e-money institution?
- Yes. Currencies Direct Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 900669. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates Currencies Direct Limited?
- Currencies Direct Limited is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
- What is Currencies Direct Limited's licence or FRN number?
- Currencies Direct Limited's licence reference number is 900669. Enter it on the FCA Financial Services Register at register.fca.org.uk to confirm the institution's identity and that its authorisation is in force.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in United Kingdom
Ratings & reader notes
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