Corona failed, leaving about currency converter UK 13,000 customers, some of whom have lost tens of thousands of pounds. Corona offered attractive rates change key customers. It was authorized by the Financial Services Authority, but it was a registered company in the FSP. Because it was not regulated, customers of the Crown are not covered by the Financial Services Compensation Scheme. What businesses currently on the market currency converter UK? How safe are they? Fore brokers may be registered or authorized under the Directive on Payment Services (SD).
Which entered into force in 2009. Corona was a limited company, and not have to provide the FSP with the level of information that companies must allowed. Authorized enterprises have strict guidelines. They currency converter UK must provide guarantees on how they have customers and cash they need to meet the FSP 's financial health. Allan Garrison, currency analyst Necropsy, who is a registered company, says: We recommend that customers do their research before participating in a foreign exchange transaction, and there are a number of tools available.
You can check the level of regulation of SD broker in the FSP register which gives an indication of the levels of security in currency converter UK place from a regulatory perspective.
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