Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BANKING CIRCLE

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.bankingcircle.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Ghana 3.36

Surpassed 38.05% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44(0)20 7073 0421
https://www.bankingcircle.com/
70 Gracechurch Street London, EC3V 0XL United Kingdom
https://twitter.com/BankingCircle

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BANKING CIRCLE · WikiFX Survey

Users who viewed BANKING CIRCLE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GO MARKETS

8.98
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.50
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Decode Global

8.36
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

BANKING CIRCLE · Company Summary

Information Details
Company Name Banking Circle
Founded 2016
Mission To reduce the time and cost of cross-border transactions
Services Multi-currency settlement accounts, safeguarding accounts, operational accounts, virtual accounts, payments on behalf of (POBO) & collections on behalf of (COBO), marketplace collections, local payments, cross-border payments, foreign exchange, SEPA direct debit, GBP faster payments, guaranteed FX rates, and agency banking
Notable Clients Stripe, Alibaba, Paysafe, Nuvei, PPRO, Checkout.com, Paymentsense
Contact Information info@bankingcircle.com
Registered Office 14, Porte de France, L-4360 Esch-sur-Alzette, Luxembourg
Website www.bankingcircle.com

Overview

Banking Circle is a fully licensed Payments Bank designed to cater to the global banking and payment needs of Payment businesses, Banks, and Marketplaces. Through their API, they deliver fast, low-cost global payments and banking services by connecting to the world's clearing systems. This enables their clients to move liquidity in real-time for all major currencies securely and compliantly.

Banking Circle's solutions power the payment propositions of over 250 regulated businesses, Financial Institutions, and Marketplaces, allowing them to extend their geographic reach and access the markets their customers wish to trade in. In 2021 alone, they processed over 250 billion Euros in payment volumes, accounting for over 10% of Europe's B2C e-commerce flows.

basic-info

History:

Year Milestone
2016 Launch of Banking Circle
2018 Acquired by EQT VIII and EQT Ventures
2021 Processed over 250 billion Euros in payment volumes
2022 Doubled their client base to over 250 regulated businesses, Financial Institutions, and Marketplaces

Investors and Locations

Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circles founders, in September 2018. They have over 450 employees across four locations: Luxembourg, London, Copenhagen, and Munich.

Location Details
Luxembourg Headquarters
London Office
Copenhagen Office
Munich Office
investors

Regulatory Information

No Regulation. Although they claim the following on their official website:

Banking Circle has been granted authorization as a credit institution under point (1) of Article 4(1) of Regulation (EU) No 575/2013, (Bank number LUB00000408) and is under the supervision of the Luxembourg Commission for the Financial Sector.

regulation
regulation

Solutions

The services provided by Banking Circle can be categorized as follows:

Payment Business Solutions: This includes various types of accounts (Multi-currency Settlement Accounts, Safeguarding Accounts, Operational Accounts, Virtual Accounts, Payments On Behalf Of (POBO) and Collections On Behalf Of (COBO), Marketplace Collections), payment methods (Local Payments, Cross-border Payments, Foreign Exchange, SEPA Direct Debits, GBP Faster Payments), foreign exchange services (Multi-currency Payments, FX Trading, Guaranteed FX Rates), and agency banking.

Bank Services: This includes Accounts & Virtual Solutions (Virtual Accounts for Banks, POBO & COBO, Reconciliation Solutions for Financial Markets, Settlement Accounts, Operational Accounts), Payments & Correspondent Banking (Local Collections and Payments, Cross-border Payments, SEPA Direct Debits, GBP Faster Payments, Multi-currency Payments, FX Trading), and Agency Banking for Banks.

Marketplace Solutions: This includes Collections for Sellers via Virtual Accounts, Multi-currency Settlement Accounts, and payment methods (Local Payments and Collections, Cross-border Collections, Foreign Exchange, SEPA Direct Debits).

Here is a detailed table of these services:

Service Category Subcategory Service Content
Payment Business Solutions Account Types Multi-currency Settlement Accounts, Safeguarding Accounts, Operational Accounts, Virtual Accounts, Payments On Behalf Of (POBO) and Collections On Behalf Of (COBO), Marketplace Collections
Payment Business Solutions Payment Methods Local Payments, Cross-border Payments, Foreign Exchange, SEPA Direct Debits, GBP Faster Payments
Payment Business Solutions Foreign Exchange Services Multi-currency Payments, FX Trading, Guaranteed FX Rates
Payment Business Solutions Agency Banking -
Bank Services Accounts & Virtual Solutions Virtual Accounts for Banks, POBO & COBO, Reconciliation Solutions for Financial Markets, Settlement Accounts, Operational Accounts
Bank Services Payments & Correspondent Banking Local Collections and Payments, Cross-border Payments, SEPA Direct Debits, GBP Faster Payments, Multi-currency Payments, FX Trading, Agency Banking for Banks
Marketplace Solutions Collections for Sellers via Virtual Accounts -
Marketplace Solutions Multi-currency Settlement Accounts -
Marketplace Solutions Payment Methods Local Payments and Collections, Cross-border Collections, Foreign Exchange, SEPA Direct Debits
solutions
solutions
solutions
solutions

Clients and Testimonials

Banking Circle's solutions power the payments propositions of more than 250 clients, enabling them to gain the geographic reach and access to the markets in which their own customers want to trade. Their clients include Payments businesses, Banks, and Marketplaces. Some of their notable clients include Ixaris, Nuvei, and Paysafe.

Jeremy Büttner, Head of Banking Partnerships, EMEA, Stripe, says, “We selected Banking Circle for their technical platform. We believe in Banking Circles vision and execution of building best-in-class financial infrastructure for service companies like Stripe.”

clients
clients

Contact Information

For more information about Banking Circle, you can visit their website at www.bankingcircle.com or contact them via email at info@bankingcircle.com. Their registered office is located at 14, Porte de France, L-4360 Esch-sur-Alzette, Luxembourg.

Summary

Banking Circle is a global B2B banking services provider that offers solutions for payments businesses, banks, and marketplaces. It aims to provide cross-border payments, access to a global network of clearing and settlement, and global payments in 24 currencies, including local clearing in 11 currencies. It offers a variety of ways to connect to its payments technology, including API, Client Portal, or SWIFT, and it is underpinned by market-leading secure and compliant AML.

On the other hand, specific cons or negative aspects about the company are not readily available from the google search results. It's recommended to look at specific user reviews or employee feedback for more detailed pros and cons.

Broker Information

Company Name

BANKING CIRCLE

Company Abbreviation

BANKING CIRCLE

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Phone of the company
  • +44(0)20 7073 0421

Twitter
Facebook

--

Instagram

--

YouTube
Company address
  • 70 Gracechurch Street London, EC3V 0XL United Kingdom

  • Amerika Plads 38, 2100 København Ø, Denmark

  • 2 Boulevard de la Foire, L-1528 Luxembourg Luxembourg

  • Maximilianstrasse 54, D-80538 München, Germany

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

--

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

FX1656760390
more than one year
When it comes to manipulating trades, most of the time, they'll even make you exit a trade without hitting the stop-loss, especially when they know the market is going to be in your favor. And when you complain about this instead of assisting you, they always come up with some baseless excuses.
2024-03-25 01:02
Reply
0
0
Benjamin Liam
more than one year
The payment I initiated through their platform was delayed by a staggering margin, causing significant inconvenience. Also, the fees that they charged for their service were exceptionally higher than what is typically expected. Additionally, the overall quality of customer service fell short of satisfactory standards. The lack of responsiveness and effectiveness in handling customer inquiries further dampened the experience.
2024-02-01 10:44
Reply
0
0
迪梵尔
more than one year
I tried using BANKING CIRCLE as a trading platform, but I was very disappointed with the user experience. The website design is so unprofessional and disorganized that I couldn't even find the essential trading information I needed. Instead, all I could see was promotional content, which was frustrating. It seemed like they were more interested in selling their services than providing a good trading platform. As a result, I had to switch to another broker.
2023-03-23 18:28
Reply
0
0
FX1255268626
more than one year
There are many different trading sites on the market, but few can compare to the quality and functionality of BANKING CIRCLE. Overall, I believe that it is one of the best trading sites available and would highly recommend it to anyone looking for an efficient and reliable way to invest online.
2023-02-22 15:58
Reply
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com