EQUALS Money-Some important Details about This Broker

EQUALS Money Information

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 and Cons

Is EQUALS Money Legit?

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.

Products and Services

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.

EQUALS Money Fees

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.