The safety of your funds

Currency brokers like Misano Payments offer a range of services, from buying and selling currency for individual customers, to assisting businesses with cross-border transactions. While the advantages of using a currency broker are easy to see, some people are concerned about the safety of their funds when working with a broker. In this blog post, we’ll take a closer look at how currency brokers work and what steps they take to ensure the security of client funds.

Currency brokers typically hold client funds in segregated accounts, and the same can be said for Misano Payments.

Misano Payments takes the security of your funds very seriously. For this reason, Misano Payments has selected The Currency Cloud as its FCA authorised payments provider. All client account opening (“onboarding”), payments, conversions and client account facilities are provided by The Currency Cloud.

The Currency Cloud Limited is registered in England no 06323311 and is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, for the issuing of electronic money and for providing payment services (FRN: 900199).

You can check The Currency Cloud on the FCA register here and entering their Firm Reference Number (FRN) 900199, clicking “firms” and then “search”. The Currency Cloud has held its status as an Authorised Electronic Money (e-money) Institution since June 2018.

Misano Payments Ltd acts as the retail interface of Currencycloud's and this enables us to provide competitive exchange rates. This beneficial rate access is made available to Misano Payments and its clients. No money transferred comes under the control of Misano Payments Ltd at any time.

To find out more information about The Currency Cloud, it’s leadership team, history and clients please click here.

For any further information, do not hesitate to contact us using the details at the bottom of this page.