Keeping your money safe
Sending money abroad is a big deal, we know that. The good news is that the safety and security of your money is as important to us as it is to you.
It’s good practice to check out any financial institution you’re thinking of working with. And that’s why we provide all the information you need to check up on us.
Client assets and financials
World First UK Limited 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.
Ensuring the safety and security of your money is central to our business. We comply with the regulations and ensure your funds are appropriately safeguarded and segregated from business funds in line with the requirements, and 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 transaction banks are Barclays and Citibank.
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 which covers and protects the companies in the World First Group.