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Moneycorp Review
Moneycorp is a long running UK based international payments group. It holds real licenses in the UK, Gibraltar, and Ireland, and it is not a leveraged forex broker.
Min Deposit
$2.5
Spreads From
Not spread based, a margin on the exchange rate depending on the product
Max Leverage
Not offered, this is a payments and hedging business, not leveraged trading
Platforms
Moneycorp online platform, Moneycorp app
Pros
- Long track record in currency exchange stretching back to 1962
- Regulated in the UK by the FCA under a real, checkable reference number
- Also holds a real bank license in Gibraltar with deposit protection
- Covers business and personal transfers across many countries and currencies
Cons
- Not a leveraged forex or CFD broker, only currency transfers and hedging tools
- Uses several different legal entities across countries, which can confuse readers
- Referral bonus terms come from trackers, not one official rate card page
- Exchange rate margins vary by product, so always compare the real rate offered
Moneycorp started in 1962 and grew into one of the older names in UK currency exchange. It moves money for people and businesses across borders, not through leveraged trading accounts. The main UK entity is TTT Moneycorp Limited, based in London.
Group companies hold real licenses in several places. TTT Moneycorp Limited is authorised by the FCA for payment services. Moneycorp Bank Limited in Gibraltar takes deposits and issues e money, with the Gibraltar scheme covering eligible funds up to 120,000 pounds. Moneycorp Technologies Limited in Ireland covers e money and investment business for other European clients.
A refer a friend scheme reportedly pays both sides 75 pounds once a new client sends at least 2,500 pounds within three months, based on independent referral trackers rather than one fixed rate card. Moneycorp is built for currency transfers and hedging tools like forward contracts, so it does not offer retail leveraged forex or CFD trading.
Min. Deposit
USD 2.5
Max Leverage
Not offered, this is a payments and hedging business, not leveraged trading
Spreads From
Not spread based, a margin on the exchange rate depending on the product
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
