Regulation

The financial strength of the group is integral to Monex’s past and continued success in the future.

Regulatory Status

Monex Europe S.A. is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF) as an payment institution (licence number 16/20 and regulatory identification number Z00000023). Our offering is for foreign currency for payment purposes, which means the FX transactions we undertake must be for the purposes of payment of identifiable goods or services, or direct investments.

All our FX transactions must be physically settled – the client delivers the sold currency and we pay out the purchased currency. We are not authorised to allow clients to transact FX to speculate, for repayments linked to loans, or to otherwise hedge FX outside of making payment for identifiable goods or services, or direct investments.

What we do with your money

Safeguarding rules are primarily designed to protect customer funds received for the provision of a payment service held by a firm on behalf of its clients from the assets or liabilities of the firm itself, creating an asset pool from which to pay the claims of payment service users in priority to other creditors in the event of the insolvency of an institution.

Which funds are safeguarded by Monex Europe S.A.?

As an Authorised Payment Institution, Monex Europe S.A. must safeguard any funds received from clients in order to execute payment transactions regardless of the destination of payment.

Our system considers all client balances irrespective of which banking institution or jurisdiction the funds are held in.  We calculate and safeguard funds daily with an Authorised Credit Institution (based in the EU) into accounts titled to show they are used for safeguarding client funds.

If you have specific queries, please contact regulatorycompliance@monexeurope.com

Settlement

Monex Europe S.A. provides clients with a secure trading environment to transact foreign exchange business. Our clients are provided with a highly secure system for communicating payment instructions and other sensitive data globally, while all outgoing payments and FX transactions made can be traced up to delivery.

  • Payments are settled through Barclays Bank in Frankfurt and London; BBVA in Spain.
  • Monex Europe S.A. operates PSD compliant client trust accounts.
  • Corporate member of SWIFT – MELXLU22.

Become a client

Find out more about our full range of services by talking to one of our experienced FX specialists on +352 20 301 853