ForexQ.com
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.
RECENTLY ADDED

Recently Added Institutions

The latest institution profiles added to ForexQ.com.

INSTITUTIONAL LIQUIDITY PROVIDERDRW

DRW Global Markets Ltd (FRN 746273) is the London-based, FCA-authorised company of the Chicago-based DRW group, which provides liquidity to institutional counterparties in ETFs, cryptoassets, fixed income, currencies and commodities.

Open profile →
INSTITUTIONAL LIQUIDITY PROVIDEREdgewater Markets

London-based, FCA-authorised Edgewater Markets Limited (FRN 988539) offers banks, asset managers and brokers FX, NDF and precious metals liquidity via its EdgeFX platform and does not serve retail clients.

Open profile →
BROKERAGE FIRMEdiphy

London-based, FCA-authorised Ediphy Markets Ltd (FRN 823631) offers institutional clients multi-venue execution in bonds, interest rate swaps and inflation products via fairEx, together with data and analytics services.

Open profile →
INSTITUTIONAL CRYPTO DERIVATIVES DEALEREnhanced Digital Group

London-based, FCA-authorised Enhanced Digital Group UK Limited (FRN 994619) offers institutions bespoke structured derivatives on digital assets and acts as principal counterparty.

Open profile →
BROKERAGE FIRMFCS Capital Markets

London-based, FCA-authorised FCS Capital Markets Ltd (FRN 772626) offers professional clients equity, derivatives and bond execution as well as AMC and securitisation structures, and does not serve retail clients.

Open profile →
INVESTMENT PLATFORMFidelity International

Fidelity International's UK personal investing platform offers funds, shares, ETFs, ISAs and SIPPs through FCA-authorised Financial Administration Services Limited (FRN 122169).

Open profile →
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

Nium

E-money institution · United Kingdom

About the company

Legal company nameNium Payments UK Limited · Nium Solutions Limited · Nium Fintech Limited · UAB Nium EU
Year founded2014
Headquarters / registered countryLondon, United Kingdom
Websitewww.nium.com
Last checked08.10.2026

According to its official website, Nium is a cross-border payments infrastructure company founded in 2014 by Prajit Nanu and Michael Bermingham as the consumer remittance platform Instarem and renamed in 2019; it is co-headquartered in Singapore and San Francisco, has more than 750 staff, and London is among its offices. The company offers payouts to more than 190 countries in local currencies and methods, multi-currency accounts in more than 100 currencies, stablecoin payouts, account verification, physical and virtual card issuing in more than 30 markets, and FX in more than 125 currencies, serving airlines, banks, fintechs, marketplaces, payroll, travel and spend management businesses. According to its licences page the group is licensed in 40 countries; in the United Kingdom, Nium Fintech Limited (901024) and Nium Payments UK Limited (900800) are authorised by the FCA under the Electronic Money Regulations, and Nium Solutions Limited under the Payment Services Regulations (721549). The group also says it operates through UAB Nium EU in Lithuania (electronic money institution, licence No. 14), Nium Pty Limited in Australia (AFSL 464627), NIUM Pte. Ltd. in Singapore (Major Payment Institution), and licences or registrations in Malta, Hong Kong, Japan, Malaysia, Indonesia, Brazil, Canada, New Zealand and the United States. Services are aimed at corporate clients. This information is the company's own statement.

Account Details

ACCOUNT TYPESCorporate clients (banks, fintechs, platforms)
MIN. DEPOSITNot stated
PLATFORMSAPI · Nium Web Portal · Nium Atlas
PRODUCTSCross-border payouts · Multi-currency accounts · Stablecoin payouts · Physical and virtual card issuing · FX · Account verification

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 900800
Licence holderNIUM Payments UK Limited
ScopeListed in the FCA register as an Authorised Electronic Money Institution under NIUM Payments UK Limited (FRN 900800) since 23 Mar 2018.
StatusVerified

FCA (United Kingdom)

Licence no.FRN 721549
Licence holderNIUM SOLUTIONS LIMITED
ScopeListed in the FCA register as an Authorised Payment Institution under NIUM SOLUTIONS LIMITED (FRN 721549) since 3 Apr 2018.
StatusVerified

FCA (United Kingdom)

Licence no.FRN 901024
Licence holderNium Fintech Limited
ScopeListed in the FCA register as an Authorised Electronic Money Institution under Nium Fintech Limited (FRN 901024) since 18 Aug 2020.
StatusVerified

ASIC (Australia)

Licence no.AFSL 464627
Licence holderNIUM PTY LIMITED
ScopeListed in the ASIC licence dataset under NIUM PTY LIMITED with AFSL 464627, valid since 17 Nov 2014, covering financial services for deposit and payment products.
StatusVerified

Bank of Lithuania (Lithuania)

Licence no.LB000420
Licence holderUAB Nium EU
ScopeListed in the Bank of Lithuania register under UAB Nium EU with an electronic money institution licence (LB000420) valid since 28 Sep 2017; the site cites it as "No. 14". The register shows a fine of €40,000 dated 10 Sep 2024.
StatusVerified

MAS (Singapore)

Licence no.PS20200276
Licence holderNIUM Pte. Ltd.
ScopeThe company states that NIUM Pte. Ltd. is regulated by the MAS as a Major Payment Institution (PS20200276). The record could not be verified because the MAS register could not be read.
StatusPending verification

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: November 2023 – October 2026

  • Withdrawal / payment: 3
  • Account / trading conditions: 2
  • Identity verification: 1
  • Customer support: 1

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

RANK BY TOPIC — Withdrawal / payment: 364. · Account / trading conditions: 389. · Identity verification: 269. · Customer support: 341.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Nium'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 Nium name are left out. Across the complaints, payouts not reaching recipients or funds being frozen, prolonged application and integration processes, and unanswered support requests stand out.

Sources and verification history

Official company sourcesnium.com — homepage, Licenses and About us pages
Regulator recordsFCA — NIUM Payments UK Limited, FRN 900800; NIUM SOLUTIONS LIMITED, FRN 721549; Nium Fintech Limited, FRN 901024 (register.fca.org.uk) · ASIC — NIUM PTY LIMITED, AFSL 464627 (data.gov.au) · Bank of Lithuania — UAB Nium EU, LB000420 (lb.lt)
Company registerCompanies House — NIUM PAYMENTS UK LIMITED (formerly ENTROPAY LIMITED), company no 04072405, incorporated 15.09.2000 · NIUM SOLUTIONS LIMITED (formerly IXARIS SOLUTIONS LIMITED), company no 09024600, incorporated 06.05.2014
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

File a Complaint