General Information & Regulation
Mercury FX was founded in 2007 and is based in London, the UK, to provide currency service for individual investors and corporate investors with large transaction volumes. Mercury FX is regulated by the UK Financial Conduct Authority (FRN: 900858, business type Issuance of Electronic Money), and Mercury FX also holds an authorized financial services provider license from the South African Financial Sector Conduct Authority (license number: 46875).
Main Business
Mercury FX offers an alternative to bank access and remittance of international currencies, allowing customers to pay anywhere in the world quickly and securely. Mercury FX conducts its transactions in the interbank foreign exchange market, thus obtaining the best exchange rates and passing these higher rates on to its customers.
Minimum Deposit
Mercury FX offers users two types of accounts, business accounts, and personal accounts. If an individual user is sending international money over €5,000, then Mercury FX can save the investor money by offering the best exchange rates on over 40 currency pairs for the remitter.
Mercury FX Spreads
Mercury FX, as a payment broker, does not show any spreads on currency pairs or any exchange rate information on its website.
Mercury FX Leverage
Trading leverage information is not shown on the Mercury FX official website.