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We are a Registered Money Service Business based in the United Kingdom Under the Money Laundering Regulations 2007, commercial foreign exchange companies are treated as "Money Service Businesses" which are covered by regulations administered by HM Revenue & Customs. Our registration number is: 12358512. http://www.hmrc.gov.uk/mlr/msb.htm
Midpoint & Transfer Ltd is authorised & regulated by the UK Financial Conduct Authority (FCA) as a payments institution. Authorisation No. 610889
Midpoint understands that money laundering and terrorist financing is a serious offence and we enforce a stringent Anti-Money Laundering and Terrorist Financing Policy in our company.
All funds are held in the trust accounts of our payment provider Earthport Plc. These accounts are segregated in line with FCA regulations and have been developed to protect client funds in the unexpected event of fraud or bankruptcy. When you remit your funds to cover your order, they will be sent to the trust accounts referred to above. We then instruct Earthport to send the appropriate funds from these accounts to your Beneficiary. This means that your money is always secure.
The Midpoint system simply matches buyers and sellers of a currency pair to allow us to offer you the midmarket rate, and we instruct the payments. We do not speculate in foreign exchange, nor do we take positions in foreign currencies. In summary, we do not risk your funds in the market.
We do not pull funds from your bank account. Rather you must direct them to us. We simply facilitate the exchange and transfer of funds to your beneficiary.
Our website is secured to keep you information safe. All transfer notifications and contact with our payment supplier are through an encrypted 128bit connection.
Toll Free UK: 0800 211 8620
Intl: +44 20 7448 3082
26 Finsbury Square London EC2A 1DS United Kingdom