Score
United Kingdom
|
5-10 years
| https://equalsmoney.com/broker-platform
Website
Rating Index
Influence
A
Influence index NO.1
United States 4.21
LicensesLicensed Entity：Equals Connect Limited
License No. 671508
United Kingdom fairfx.com United States| EQUALS Money Review Summary | |
| Founded | 2017 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious Clone) |
| Products & Services | Multi-currency accounts, business cards, payments (FX & domestic), Banking-as-a-Service, API integration |
| Customer Support | Tel:+44 (0)20 3196 2187 |
| Email: contact@equalsconnect.com | |
EQUALS Money, which is situated in the UK and started in 2017, offers financial services such as corporate multi-currency accounts, card issuance, and FX payments. The UK FCA has called it a suspect copy of Equals Connect Limited, which indicates it is not a real or regulated business, even though it says it has a legal license.
| Pros | Cons |
| Broad support for cards and payment services | Suspicious cloned licence |
| Multi-currency support and API access | No trading platform or demo account offered |
| Custom pricing for enterprise users | Cash withdrawal and international delivery fees may apply |
No, EQUALS Money is unregulated. The Financial Conduct Authority (FCA) in the United Kingdom has classed the entity as a “Suspicious Clone”. The company claims to be regulated by a valid FCA license, although the licensed entity named on that license is Equals Connect Limited, not EQUALS Money.
| Regulatory Status | Suspicious Clone |
| Regulated by | FCA |
| Licensed Institution | Equals Connect Limited |
| License Type | Payment License |
| License Number | 671508 |
The company provides a full range of financial services and infrastructure tools, including multi-currency business accounts, corporate card solutions, and payment tools such as foreign transfers and forward contracts. It also enables integration and offers infrastructure services such as API access and Banking-as-a-Service.
| Products & Services | Supported | |
| Accounts | Spend management software | ✔ |
| Multi-currency account | ✔ | |
| Business current account | ✔ | |
| Start up business account | ✔ | |
| Xero integration | ✔ | |
| SAPConcur integration | ✔ | |
| Cards | Prepaid expense cards | ✔ |
| Business debit cards | ✔ | |
| Corporate cards | ✔ | |
| Purchasing cards | ✔ | |
| Credit card alternative | ✔ | |
| Fuel card solution | ✔ | |
| Virtual cards | ✔ | |
| Payments | International payments | ✔ |
| Domestic transfers | ✔ | |
| Forward contracts | ✔ | |
| Bulk payments (coming soon) | ✔ (soon) | |
| Infrastructure | Banking-as–a-service | ✔ |
| API | ✔ | |
| Card issuing | ✔ | |
Compared to other companies in the same field, EQUALS Money's fees are usually fair and clear, especially when it comes to using cards and supporting many currencies. The platform is particularly cost-effective for enterprises that deal with more than one user and currency, but there may be costs for cash withdrawals and occasional deliveries.
| Tier | Business Tier | Business Plus Tier | Enterprise Tier |
| Annual Fee | £250/year (or £300/mo) | £350/year (or £420/mo) | Custom |
| Physical Card Issuance Fee | £10 (one-off) | ||
| Virtual Cards Allowance | Up to 200 free | ||
| Cash Withdrawal (UK & Abroad) | £1.50 | ||
| Card to Card Transfer | 0 | ||
| Lost/Stolen Card Replacement | |||
| Card Transactions (21 currencies) | |||
| Out-of-currency Transactions | 1.5% fee | Custom | |
| Expedited UK Card Delivery | £20/address | 0 | |
| International Card Delivery | Varies by country | ||
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