Security of your money
We take the security of your money very seriously. That's why we provide all the information you need to check up on us. We recommend that you always check out any financial institution you're thinking of entrusting your money to.
Client assets, financials and ratings
World First Netherlands B.V. has an electronic money institutions license from the Dutch Central Bank. World First Netherlands is supervised by the DNB and the AFM for her services.
World First Netherlands is an wholly owned subsidiary of World First UK ltd., authorised by the Financial Conduct Authority (“FCA”) as an Electronic Money Institution under the TBC by the Dutch Central Bank (DNB).
Ensuring the safety and security of your money is central to our business. We comply fully with the regulations and ensure your funds are appropriately safeguarded and segregated from business funds in line with the requirements. Being authorised and regulated requires our companies to hold sufficient capital to protect our business and further safeguard our customers and suppliers. We maintain high levels of capital.
WorldFirst 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 banking service providers are Barclays Bank PLC and Citibank. We additionally hold client accounts with Deutsche Bank and Commerzbank (Germany).
Our financial position
World first Netherland BV was established as an electronic money institutions in 2020. World First Netherlands is a wholly owned subsidiary of World First UK Limited. 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 which covers and protects the companies in the World First Group.
World First UK Ltd is part of the Ant financial group.
You can view our consolidated financial accounts below or download last year's accounts (audited by EY) here.
|Year ended 31st Dec 2017 (£000’s)||Year ended 31st Dec 2016 (£000’s)||11 months ended 31st Dec 2015 (£000’s)|
|Profit after discontinued operations||5,749||6,553||9,505|