Regulation of Funds

Safeguarding

Trading with PlexoPayments means that your end-client funds (or ‘customers’ funds), are fully protected and held in safeguarded accounts. Within the process of safeguarding, end-client funds (or ‘customers’ funds) are either held separately from both Currencycloud and the client’s funds, or funds are covered by a safeguarding insurance policy. Either way, end-client funds (or ‘customers’ funds) are appropriately safeguarded at all times.

For clarity, end-client funds, or customer funds, are not held under the Financial Services Compensation Scheme (FSCS), or the FCA’s client assets protection scheme for investment firms (CASS), or any other equivalent scheme.

For clients based in the United States, payment services for Plexo Payments are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSBRegistration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.