Client assets, financials and ratings
Ensuring the safety and security of your money is central to our business. We ensure your funds are segregated from business funds.
We are regulated in Hong Kong by the Hong Kong Customs and Excise, Money Services Supervision Bureau. We are required to hold sufficient capital to protect our business and further safeguard our customers. We maintain high levels of capital and have a 3A2 credit rating from Dun and Bradstreet.
World First UK Limited is our parent company and is authorised by the Financial Conduct Authority ("FCA") as an Electronic Money Institution under the Electronic Money Regulations 2011. Our FCA Firm Reference number is 900508. World First Markets Limited is authorised and regulated by the Financial Conduct Authority (FRN 477561). If you wish to transact with World First Markets Limited (this would usually be because you want to transact a Foreign Exchange Option), you will be required to sign a separate set of Terms and Conditions.
World First never speculates on the currency markets. When you enter into a transaction with us, we enter into a matching irrevocable covering deal with our bank. It is this transaction that turns your sold currency into your bought currency and from which your outward payment is made.
Our two main transaction banks are Barclays and Citibank. We additionally hold client accounts with Royal Bank of Scotland, Deutsche Bank and Commerzbank (Germany).
Our financial position
World First UK Limited is in a very strong financial position and we are totally transparent about our financial statements. We have grown every year since our business was founded.
We have professional indemnity insurance, underwritten by AIG Europe Ltd and Nexus Executive Risks Ltd. which covers and protects the companies in the World First Group.
You can view our consolidated financial accounts below or download last year's accounts (audited by haysmacintyre) here.
We have a 3A2 Credit Rating from Dun and Bradstreet. Dun & Bradstreet are the global ratings agency. Our DUNS number is 73-765-1252. You can look this up on the Dun & Bradstreet website.
We're always happy to provide references from existing clients - please ask and we'll put you in touch. We'll always try to provide a referee who lives near you or for corporate clients a company in a similar field of business.
You're welcome to request a bank status reference about us through your own bank. Our accounts are held with Barclays bank. If you'd like to do this, please let us know and we'll send you our account details.