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WorldFirst
United Kingdom
19 Apr 2004 (21 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 WorldFirst
Company Information
Get to know WorldFirst
WorldFirst facilitates businesses and individuals to conduct customer service and money transfer activities. Catering to clientele in the hedge fund and exporting sectors, the company helps businesses open up receiving accounts to get payments in their local currency and set up forward contracts to lock in a rate to make late transfers. The company also enables online sellers to manage their payments across multiple international marketplaces and make payments to overseas suppliers. WorldFirst charges a fee for same currency transactions while every other service offered is free.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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