Global Broker Regulation Inquiry App
WikiFX
J Forex Trader 
1-2 years
Is Moneycorp safe and legit?
Broker Issues
Regulation
07-08
United States
WikiFX
Reply
Moneycorp has FCA regulation, which provides a layer of legitimacy and security. However, the "Exceeded" regulatory status raises concerns about whether Moneycorp continues to meet the latest compliance requirements. As someone who always looks for safe brokers to trade with, I would be cautious when using Moneycorp for larger sums or complex financial services. The "Exceeded" status could potentially mean that Moneycorp isn’t operating under the latest oversight standards. So, I would recommend doing thorough research before deciding if Moneycorp is safe for your needs.
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