United Kingdom · Payments & e-money
Monex Europe Limited
Monex Europe Limited is a private limited company registered in England and Wales, with its head office in London. The FCA authorises the firm as an electronic money institution (reference 998114) to issue e-money and provide payment services. It is a subsidiary of Monex International Markets Plc and part of the Mexican group Monex S.A.P.I. de C.V., which acquired it in July 2012 when it was called Schneider Foreign Exchange. It provides spot and forward foreign exchange and international payments, mainly to corporate and institutional clients.
Licences and registrations
Held by Monex Europe Limited (LEI 213800GZGM4WP8ODMB34). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 998114 | United Kingdom | Active | 2023-12-20 | — |
|
Search the register ↗ |
| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 463951 | United Kingdom | Cancelled - Authorised PI | — | Ended 2025-02-28 |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- SFXLGB2LXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under SFXLGB2L directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2009-02-21
- Last updated
- 2026-09-11
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% Monex International Markets Plc
Firm type
FX and business payments
Trades as Monex Europe
- Standing
- The firm was incorporated as Schneider Foreign Exchange Limited and took its current name on 4 July 2012. On 20 December 2023 the FCA authorised it as an electronic money institution. Its earlier authorised payment institution permission was cancelled on 28 February 2025. It moved its registered office to 40 Leadenhall Street, London on 1 September 2026.
- Ownership
- Monex International Markets Plc (formerly Monex Europe Holdings Limited) owns the firm directly, and Monex S.A.P.I. de C.V. of Mexico City is the ultimate controlling party.
- Direct parent
- Monex International Markets Plc, United Kingdom 100%
- Ultimate owner
- Monex S.A.P.I. de C.V., Mexico
- Head office
- 40 Leadenhall Street, 12th Floor (South), EC3A 2BJ London, United Kingdom
- Company register
- Companies House 06014261
- Incorporated
- 30 Nov 2006
- Founder
- Nick Edgeley
- Former name
- SCHNEIDER FOREIGN EXCHANGE LIMITED
Online
- Websites & references
- monexglobal.com ↗
monexeurope.com ↗ former domain, now redirects to the UK section of monexglobal.com
monexglobal.com ↗ Monex group global site
Wikipedia ↗ - Official social accounts
- None found
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/06014261
- find-and-update.company-information.service.gov.uk/company/06014261/officers
- find-and-update.company-information.service.gov.uk/company/06014261/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/06014261/filing-history
- find-and-update.company-information.service.gov.uk/company/06014261/filing-history/MzU0NDkxODQ2N2FkaXF6a2N4/document?format=pdf&download=0
- monexglobal.com/en-gb/united-kingdom/legal/regulation
- monexeurope.com/
- monexglobal.com/united-kingdom/legal/client-terms-conditions
- monexeurope.com/press-room/monex-europe-enters-next-phase-of-leadership/
- register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx
- find-and-update.company-information.service.gov.uk/company/08091400
- en.wikipedia.org/wiki/Monex_Europe
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution (reference 998114), with permission to issue e-money and provide payment services. The firm states that its spot FX and payment-related forwards are not regulated under MiFID II.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 998114 | In its own name | Active | monexglobal.com ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 463951 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it safeguards relevant client funds received for e-money and payment transactions. It says it runs regulatory-compliant client accounts and settles all payments through an unnamed authorised credit institution in London.
- Payment schemes and card networks
- Swift Direct monexglobal.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers spot FX, deliverable forwards for payment purposes, market orders and cross-border payments through its Monex Pay platform. FX derivatives are sold by its sister company Monex Europe Markets Limited.
It serves clients from the UK under its FCA authorisation. Its 2025 accounts also report FX revenue from Europe, North America and the rest of the world.
- Revenue
- GBP 17.9m
- Sells to
- Enterprises · Small businesses · Financial institutions · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Michael James Hunter Quinn Chief Executive Officer (UK operations); Director
- Executive
- James Joshua Bennett Trading Director; Director
- Executive
- Neil James Francis Maffey Sales Director; Director
- Executive
- Margarita Kavazi Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm moved its registered office from 1 Bartholomew Lane to 40 Leadenhall Street, London, on 1 September 2026.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
The firm sold its subsidiary Monex Europe Markets Limited to its parent, Monex International Markets Plc, for GBP 16,274,775.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm transferred its employees to Monex Europe Markets Limited with effect from 1 April 2025.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm transferred the staff of its Spanish branch to sister companies in the group on 1 November 2024.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm announced that Chief Executive Nick Edgeley had left and that Michael Quinn had succeeded him.
monexeurope.com ↗ -
Licence
The FCA authorised the firm as an electronic money institution under reference 998114 on 20 December 2023.
monexglobal.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- SFXLGB2LXXX
- How the BIC breaks down
- SFXLBank
- GBCountry · United Kingdom
- 2LLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800GZGM4WP8ODMB34
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 998114
- Licence no. · FCA-PSD
- 463951
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 7ebdb1a7a2f1
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 40 LEADENHALL ST, 12TH SOUTH FL LONDON EC3A 2BJ UNITED KINGDOM
- Operational address
- 40 LEADENHALL STREET FLOOR 12TH SOUTH LONDON LONDON EC3A 2BJ UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>SFXLGB2LXXX</BICFI>
<LEI>213800GZGM4WP8ODMB34</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>SFXLGB2LXXX</BICFI>
<LEI>213800GZGM4WP8ODMB34</LEI>
<Nm>MONEX EUROPE LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>40 LEADENHALL ST, 12TH SOUTH FL LONDON EC3A 2BJ</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Claim this profile
Work at Monex Europe Limited?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo