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
- GrowingTier C
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 2 years ago.
About this institution
Verified active. VertoFX Ltd holds a current United Kingdom e-money licence granted 11 March 2024, reference 901073, authorised by the Financial Conduct Authority.
The licence authorises safeguarding of customer funds, distribution and redemption of electronic money and issuance of electronic money.
No EEA passporting is on record. The register confirms the licence status as active, reference 901073, under the Financial Conduct Authority.
Licence timeline
3 dated eventsDated events for VertoFX Ltd, 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
245/287
VertoFX Ltd is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 245th oldest of the 287 dated United Kingdom EMI authorisations, one of 10 granted in 2024.
Is your money safe with VertoFX Ltd?
VertoFX Ltd 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 VertoFX Ltd 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 VertoFX Ltd a licensed e-money institution?
- Yes. VertoFX Ltd holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 901073. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates VertoFX Ltd?
- VertoFX Ltd 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 VertoFX Ltd's licence or FRN number?
- VertoFX Ltd's licence reference number is 901073. 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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