Home / About and regulation
One company. One licence. Checkable.
Alpha Transfers is a trading name of MDRN FX Services Limited, a payment institution authorised by the Financial Conduct Authority. We started moving money between London and Brazil from a branch on Kilburn Lane. Today we also help businesses get paid, hold money and pay out.
Check us on the FCA registerHow it works, start to finish
You talk to the Alpha Transfers team and contract with MDRN FX Services Limited, and your funds are safeguarded by the same company under the same authorisation. No introductions to a third party.
Talk to us
Call, WhatsApp or send the form. We ask what you sell, which currencies you deal in and what you need to pay. No obligation.
We say yes or no, plainly
If vouchers, accounts or payments fit your business we tell you which, what it costs and what we need from you. If we can't help, we say so.
Onboarding
Identity, company, ownership and sanctions checks, run once and properly. Voucher merchants also get category approval and payout-account verification.
Go live
Your account, rails and card are switched on. Voucher merchants start on a controlled tier and move up as history builds. The same team stays your point of contact.
Check us before you trust us
One company, one firm reference number, on a public register. Please look it up. We'd rather you did.
| Company | Status | FRN | Provides | Verify |
|---|---|---|---|---|
| MDRN FX Services Limitedtrading as Alpha Transfers, company no. 06401266, England and Wales | Authorised Payment Institution, Financial Conduct Authority, under the Payment Services Regulations 2017 | 540997 | Payment accounts, Faster Payments, SEPA and SWIFT transfers, money remittance to Brazil, prepaid debit card, Credixa vouchers as an alternative payment method | FCA register Companies House |
Bank, e-money institution or payment institution?
They're not the same thing, and the difference decides how your money is protected. Alpha Transfers is the third kind.
- What it does
- Takes deposits and lends them out. Can offer overdrafts and credit.
- Your money
- Becomes the bank's money to lend; you hold a claim on the bank.
- Protection
- Financial Services Compensation Scheme, up to the current FSCS limit per person per bank.
- Alpha Transfers
- Is not a bank and does not lend.
Right if you need borrowing. Not what we offer.
- What it does
- Issues e-money: stored-value accounts and cards. No lending.
- Your money
- Held separately from the institution's own funds in safeguarding accounts.
- Protection
- Safeguarding under the Electronic Money Regulations 2011. Not FSCS.
- Alpha Transfers
- Is not an e-money institution. Vouchers and the prepaid card are prepaid products with their own safeguarding, explained before you buy.
The model used by many fintech current-account apps.
- What it does
- Provides payment accounts, executes payments and money remittance. Does not lend and does not issue e-money.
- Your money
- Funds received for a payment are safeguarded until paid out, under the Payment Services Regulations 2017.
- Protection
- Safeguarding. Not FSCS.
- Alpha Transfers
- This is us: MDRN FX Services Limited, FCA-authorised Payment Institution, FRN 540997.
Right for receiving, sending and holding money for payments, without borrowing.