IFS Currency Limited

Reference number: 647803

Instant download

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Also trades as
  • Kiyan Exchange

Company details

From the company's Companies House record.

Company number
09132196
Company status
Active
Company type
Private limited company
Incorporated
15 July 2014 (12 years old)
Registered office
IFS CURRENCY LIMITED, First Floor Unit 4 Stanton Gate 49 Mawney Road, Romford, RM7 7HL
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Md Iftekhar Uddin Khan Director Jan 1962 15 Jul 2014
Salaqur Rahman Director Nov 1971 15 Jul 2014
Salaqur Rahman Secretary Not published 20 Feb 2015

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.

    How safeguarding works →

Show FCA detail (1 permission)
  • 6. Money remittance.

Limits on what they may do

  • Undertaking to cease payment services
    With immediate effect, IFS Currency Limited undertakes to: a) Refrain from providing payment services, as defined in regulation 2 and Schedule 1 of the Payment Services Regulations 2017 (the PSRs); b) Refrain from onboarding or registering any new payment service users from the date of this undertaking; c) Where applicable, contact any payment service users in scope of paragraph (a) above and inform them that:     (i) the Firm has ceased providing payment services; (ii) unless instructed otherwise by the relevant payment service user, any payments made by the Firm will be returned to the same payment account from which the funds were originally transferred to the Firm (or by a third party on the payment service user’s behalf); and (iii) payment service users should contact the Firm if they have any queries; d) Place a statement in a prominent location on its website within 48 hours of signing this undertaking, informing customers that the Firm has ceased providing payment services and that customers should contact the Firm if they have any queries.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Download this page as a PDF report

£5 for a clean, timestamped copy you can keep, file or send on. It also helps keep the site free to use and free of ads.

Instant download

Common questions

Frequently asked questions

Is IFS Currency Limited FCA authorised?
Yes, IFS Currency Limited (FRN 647803) is authorised by the FCA to carry out regulated activities.
Is my money safe with IFS Currency?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about IFS Currency to the Financial Ombudsman Service, free of charge.
Is IFS Currency a scam or clone?
IFS Currency is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is IFS Currency's Firm Reference Number (FRN)?
IFS Currency's FRN is 647803. You can verify it on the FCA register.