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Folk2Folk
United Kingdom
2013 (12 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Folk2Folk
Company Information
Get to know Folk2Folk
Folk2Folk offers simple, straightforward, local lending and borrowing. They are not a Bank, Brokerage, seller of financial products, Deposit Taker, Fund Manager, or Adviser to any party. They don’t manage or arrange funds or offer banking or brokering services; neither do they sell or give advice on financial products. They organise the secured lending of money between local folk without the involvement of City institutions
Industry
- Crypto CryptocurrencyPRIMARY
- Financial Banking
- Financial Other Service
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