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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

Verto

E-money institution · United Kingdom

About the company

Legal company nameVertoFX Ltd · Verto SA (Pty) Ltd · VertoFX Inc · Verto Canada Ltd
Year founded2017
Headquarters / registered countryLondon, United Kingdom
Websitewww.verto.co
Last checked08.10.2026

According to its official website, Verto is a financial technology company founded in 2017 that builds cross-border payment and FX solutions for businesses; its platform and APIs provide payment, FX and banking services with a focus on developing countries in Africa. Its products include multi-currency business accounts with local bank details, international and local payments, payment links, spot and over-the-counter (OTC) FX and treasury management, a Visa corporate card spending from 11 currency wallets and the embedded collections and payouts API Verto Atlas; the company says it has more than 5,000 business clients. The site states that VertoFX Ltd is authorised by the FCA as an electronic money institution under the Electronic Money Regulations 2011 (FRN 901073). According to its licences page, Verto SA (Pty) Ltd is an FSCA-authorised financial services provider in South Africa (FSP 52835), the Dubai branch of VertoFX Ltd is authorised by the DFSA (F005704), and VertoFX Ltd holds IMTO approval from the Central Bank of Nigeria; in the United States VertoFX Inc operates under money transmitter licences in Delaware, Wyoming and Illinois and through a partnership with Global Innovations Bank, while Verto Canada Ltd is registered with FINTRAC as a money services business (an anti-money-laundering registration, not a licence). This information is the company's own statement.

Account Details

ACCOUNT TYPESBusiness clients (start-ups, mid-size companies, enterprises)
MIN. DEPOSITNot stated
PLATFORMSWeb platform · Verto Pay mobile app · API (Verto Atlas)
PRODUCTSMulti-currency business account · International payments · Spot and OTC FX · Corporate card · Payment links · Collections and payouts API

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 901073
Licence holderVertoFX Ltd
ScopeListed in the FCA register as an Authorised Electronic Money Institution under VertoFX Ltd (FRN 901073) since 11 Mar 2024.
StatusVerified

FSCA (South Africa)

Licence no.FSP 52835
Licence holderVERTO SA (PTY) LTD
ScopeListed in the FSCA register as a financial services provider under VERTO SA (PTY) LTD (FSP 52835); status Authorized.
StatusVerified

DFSA (United Arab Emirates (Dubai))

Licence no.F005704
Licence holderVertoFX Ltd (DIFC Branch)
ScopeListed in the DFSA register as a non-DIFC company, licensed 31 Jan 2025; authorised for providing money services and advising or arranging on money services, with endorsements for retail clients and holding client assets.
StatusVerified

CBN (Nigeria)

Licence no.Not stated
Licence holderVertoFX Ltd
ScopeThe company states that VertoFX Ltd is authorised by the Central Bank of Nigeria (CBN) as an International Money Transmission Operator (IMTO); no number is given. The record could not be verified because the CBN register could not be read.
StatusPending verification

Delaware OSBC (United States)

Licence no.041774
Licence holderVertoFX Inc
ScopeThe company states that VertoFX Inc is a registered money transmitter in Delaware (041774). The record could not be verified because the NMLS register could not be read.
StatusPending verification

Wyoming DOB (United States)

Licence no.7374
Licence holderVertoFX Inc
ScopeThe company states that VertoFX Inc is a registered money transmitter in Wyoming (7374). The record could not be verified because the NMLS register could not be read.
StatusPending verification

Illinois IDFPR (United States)

Licence no.MT.0000513
Licence holderVertoFX Inc
ScopeThe company states that VertoFX Inc is a registered money transmitter in Illinois (MT.0000513). The record could not be verified because the NMLS 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 2020 – October 2026

  • Withdrawal / payment: 31
  • Identity verification: 11
  • Account / trading conditions: 10
  • Customer support: 5
  • Bonus / promotion: 1

No. 246 for most complaints among the 532 institutions with complaint records (918 institutions listed on the site).

RANK BY TOPIC — Withdrawal / payment: 131. · Identity verification: 51. · Account / trading conditions: 285. · Customer support: 216. · Bonus / promotion: 102.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Verto's Trustpilot page (58) as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the Verto name are left out. Across the complaints, delayed or uncredited transfers, allegations of accounts closed without explanation or funds being held, and lengthy document requests during onboarding stand out.

Sources and verification history

Official company sourcesverto.co — homepage, About and Licences pages and site footer
Regulator recordsFCA — VertoFX Ltd, FRN 901073 (register.fca.org.uk) · FSCA — VERTO SA (PTY) LTD, FSP 52835 (fsca.co.za) · DFSA — VertoFX Ltd, F005704 (dfsa.ae)
Company registerCompanies House — VERTOFX LTD, company no 10973066, incorporated 20 Sep 2017
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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