Regulation

The financial strength of the group is integral to Monex's past and continued success in the future.

Regulatory status

Monex Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Electronic Money Institution, with permission to issue electronic money (e-money) and provide payment services firm registration number 998114.

As Monex Europe Limited is not a bank or investment firm, client funds are not protected by the Financial Services Compensation Scheme (FSCS).

Monex Europe confirms its adherence to the FX Global Code, a set of global principles of good practice in the foreign exchange market. This reflects our ongoing commitment to integrity, transparency, and effective risk management in FX trading. For more information, visit the FX Global Code website.

MEL Safeguarding Diagram 1
MEL Safeguarding Diagram 2

Client Money Safeguarding at Monex Europe

Monex Europe Limited safeguards relevant client funds in accordance with the Electronic Money Regulations 2011 (EMRs) and the Payment Services Regulations 2017 (PSRs).

Where applicable, funds received from clients in relation to regulated electronic money issuance or payment services are either:

  • Held in segregated client bank accounts, or
  • Invested in secure, liquid assets that meet the criteria set out by the Financial Conduct Authority (FCA).

These arrangements ensure that safeguarded client funds are protected in the event of Monex Europe's insolvency and are kept entirely separate from the firm's own operational and corporate funds.

Important information

  • Safeguarded funds are not protected by the Financial Services Compensation Scheme (FSCS).
  • The safeguarding regime is different from deposit protection and is designed to provide protection through segregation and dedicated asset pools.
  • In the event of insolvency, an insolvency practitioner may deduct their reasonable costs from the safeguarded pool before distributing the remaining funds to clients.
  • Safeguarding does not apply to all funds. For example, funds held as margin for FX trading or for unregulated services are not subject to safeguarding and may not benefit from the protections described here.
  • For more information, please contact us or refer to the FCA's guidance on safeguarding.
Structured Settlement Diagram
Mobile Trading Platform

Settlement

Monex Europe provides clients with a secure trading environment to transact foreign exchange business. Our clients are provided with a highly secure system for communicating payment instructions and other sensitive data globally, while all outgoing payments and FX transactions made can be traced up to delivery.

  • All payments are settled through an Authorised Credit Institution in London
  • Monex Europe operates regulatory compliant client accounts
  • Corporate member of SWIFT – SFXLGB2L