FCA Regulated Partners
Currencycloud Safeguarding
When funds are posted to your account, e-money is issued in exchange for these funds by an Electronic Money Institution we work with, called Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank and is protected for you in the event of Currencycloud’s or our insolvency. Currencycloud stops safeguarding your funds once the money has been paid out to your beneficiary’s account.
Ebury Safeguarding
For services provided by Ebury Partners UK Limited or Ebury Partners Canada Ltd, funds received for e-money issuance are safeguarded in accordance with the applicable Electronic Money Regulations. Safeguarded funds are held in segregated accounts at credit institutions in line with regulatory requirements.
Additional Information
If you require confirmation of which regulated provider safeguards your funds, or a breakdown of safeguarded balances held with Currencycloud or Ebury, please contact us at support@altomarkets.co.uk