VFX Financial

VFX Financial is a provider of foreign exchange operations and a multi-currency e-money account for holding, converting, sending and receiving funds. The legal entity is VFX Financial PLC, with its head office at Dukes House, 32-38 Dukes Place, London. The company was founded in 2011.

Authorisation

The company states that it is an electronic money institution authorised by the Financial Conduct Authority, reference 900530. Its UK investment services authorisation, FRN 592260, is separate from the EMI authorisation. The European business is conducted through VFX Europe, a financial institution in Malta, and the Dubai business through VFX DIFC, which is regulated by the DFSA under F010820.

Services

The listed services are a multi-currency e-money account, FX and payments. Because the activities sit in separate entities, a client should check which entity provides which service and under which authorisation.

Who it suits

The offering is for companies that hold balances in several currencies and make cross-border payments. Fees, limits, currency lists and onboarding documents are not given in the published description, so they should be requested from the company before opening an account.