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FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

Baanx

Crypto-asset firm · United Kingdom

About the company

Legal company nameBaanx.com Ltd / MONAVATE ONCHAIN LTD
Year founded—
Headquarters / registered countryCambridge, United Kingdom
Websitebaanx.com
Last checked08.10.2026

According to its official website, Baanx offers technology (OpenFi) that lets users buy, spend and borrow against their digital assets while keeping them in self-custody, and builds crypto spending products for fintech companies. The site lists Visa, Mastercard, MetaMask, Ledger, Exodus and 1inch among its partners. UK users log in to MetaMask Card, Exodus Pay, the Ledger-compatible Crypto Life (CL) Card and 1inch Card accounts through baanxuk.com; customers outside the UK are directed to withcl.com. Baanx.com Ltd (company no 11155611; now named MONAVATE ONCHAIN LTD in the FCA register and at Companies House) is registered with the FCA as a cryptoasset business under the Money Laundering Regulations (MLR); this registration is an anti-money-laundering registration, not an investment-services licence. The company's address is in Duxford, Cambridge. This information is the company's own statement.

Account Details

ACCOUNT TYPESIndividual card users (partner cards) · Corporate partners
MIN. DEPOSITNot stated
PLATFORMSMetaMask Card · Exodus Pay · CL Card (Ledger-compatible) · 1inch Card
PRODUCTSCrypto spending cards · Self-custody payment infrastructure (OpenFi) · Buying, spending and borrowing with digital assets

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 927401
Licence holderMONAVATE ONCHAIN LTD
ScopeRegistered with the FCA as a cryptoasset firm under the Money Laundering Regulations: MONAVATE ONCHAIN LTD (FRN 927401); registered since 16 Dec 2021.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: September 2022 – October 2026

  • Identity verification: 2
  • Withdrawal / payment: 2
  • Account / trading conditions: 2
  • Other: 1

No. 403 for most complaints among the 532 institutions with complaint records (918 institutions listed on the site).

RANK BY TOPIC — Identity verification: 222. · Withdrawal / payment: 385. · Account / trading conditions: 389. · Other: 314.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Baanx's Trustpilot page (7) as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the Baanx name are left out. Across the complaints, cards blocked during identity verification, inaccessible funds and declined card transactions stand out.

Sources and verification history

Official company sourcesbaanx.com — homepage · baanxuk.com — homepage, login, legal documents, contact, risk warning
Regulator recordsFCA — MONAVATE ONCHAIN LTD, FRN 927401 (register.fca.org.uk; the site shows Baanx.com Ltd, FCA Registration Number 927401)
Company registerCompanies House — MONAVATE ONCHAIN LTD, company no 11155611, incorporated 17 Jan 2018
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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