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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

Shieldpay

Payment institution · United Kingdom

About the company

Legal company nameShieldpay Ltd · Shieldpay Trustee Services Limited · SPG Technologies Ltd
Year founded2016
Headquarters / registered countryLondon, United Kingdom
Websitewww.shieldpay.com
Last checked08.10.2026

According to its official website, Shieldpay is a London-based payments company founded in 2016 by its founder Peter Janes to make complex payments simple and secure, starting with a digital escrow service. The site presents it as an FCA-regulated legal payments platform for UK law firms; its services are aimed at business clients, mainly law firms. Its main solutions are payment distribution in mergers and acquisitions (M&A), compensation payouts in group litigation, conditional fund holding (escrow), paying agent services for payments to multiple payees and third-party managed accounts (Payment Account / TPMA) offered as an alternative to traditional client accounts; real estate, construction and conveyancing transactions are also listed as use cases. The process consists of identity checks (KYC) and due diligence on the parties, holding funds in safeguarded accounts with Citi and ClearBank, and paying out on instruction. The site says it has processed more than £18 billion in transactions and works with more than 40 of the UK's top 100 law firms. Its regulatory notice states that Shieldpay Ltd is authorised by the FCA under the Payment Services Regulations 2017 (FRN 770210) and that the group company Shieldpay Trustee Services Limited is registered with HMRC as a trust services provider for anti-money laundering purposes. This information is the company's own statement.

Account Details

ACCOUNT TYPESBusiness clients (law firms and professional services firms)
MIN. DEPOSITNot stated
PLATFORMSWeb portal (ent.shieldpay.com) · API
PRODUCTSThird-party managed account (Payment Account / TPMA) · Paying agent · Escrow · M&A payment distribution · Group litigation compensation payouts

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 770210
Licence holderShieldpay Ltd
ScopeListed in the FCA register as an Authorised Payment Institution under Shieldpay Ltd (FRN 770210) since 14 May 2018.
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: October 2019 – October 2026

  • Withdrawal / payment: 36
  • Identity verification: 21
  • Customer support: 8
  • Other: 2

No. 228 for most complaints among the 532 institutions with complaint records (918 institutions listed on the site).

RANK BY TOPIC — Withdrawal / payment: 110. · Identity verification: 13. · Customer support: 163. · Other: 251.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Shieldpay's Trustpilot page (67) as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the Shieldpay name are left out. Across the complaints, delayed compensation and settlement payouts, a difficult bank account verification process and unanswered communication stand out.

Sources and verification history

Official company sourcesshieldpay.com — homepage, about us, regulatory notice (legal/regulatory-notice)
Regulator recordsFCA — Shieldpay Ltd, FRN 770210 (register.fca.org.uk)
Company registerCompanies House — SHIELDPAY LTD, company no 10061792, incorporated 14 Mar 2016
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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