United States · Money service business
Stonex Payment Services Ltd.
StoneX Payment Services Ltd. is a Washington corporation with its head office in Miami, Florida. US state regulators license it as a money transmitter under NMLS ID 1394445, and FINTRAC registers it as a foreign money services business. It is a wholly owned subsidiary of StoneX Group Inc. and provides cross-border payments, spot foreign exchange and forward contracts to businesses under the StoneX Payments brand. It was formerly named EncoreFX Ltd. and changed its name in 2021.
Licences and registrations
Held by Stonex Payment Services Ltd. (LEI 5493008RP59ZQ3UQ1882). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MSB Registrant SearchFinCENLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | —Money Transmitter / Remittance | Not published by the register | United States | Active | 2025-12-30 | — |
|
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| Money Services Business RegistryFINTRACLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Foreign MSB (FMSB)Money Transmitter / Remittance | M22868358 | Canada | Active | 2022-06-08 | Renews 2026-10-31 |
|
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Licences and registrations listed here were granted in Canada. This BIC is registered in the United States.
- 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
- IGLUUS66XXX 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 IGLUUS66 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
- 1 branch code
- BIC first registered
- 2021-03-20
- Last updated
- 2024-02-28
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% StoneX Group Inc.
Firm type
FX and business payments
Trades as StoneX Payments
- Standing
- The firm was formerly named EncoreFX Ltd. Its Florida foreign-corporation record shows a name change amendment filed on 8 March 2021.
- Ownership
- StoneX Group Inc., which is listed on Nasdaq, owns 100% of the firm.
- Direct parent
- StoneX Group Inc. ↗, United States 100%
- Head office
- 333 SE 2nd Avenue, Suite 2100, 33131 Miami, United States (registered office: c/o Corporate Creations Network Inc., 707 W. Main Avenue, #B1, Spokane, WA 99201, United States)
- Company register
- Washington UBI 603 514 004
- Former name
- EncoreFX Ltd.
Online
- Websites & references
- stonex.com ↗
gpconnect.stonex.com ↗ StoneX Payments client login platform
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗ · YouTube ↗
Sources · 8 pages consulted
- stonex.com/stonex-payment-services-ltd-sps-licenses/
- stonex.com/en/business/payments/
- filesandimages.com/Brand/StoneX/PDF/SPS_US_Terms_of_Business_Form.pdf
- search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial
- dfpi.ca.gov/regulated_entity/stonex-payment-services-ltd/
- stonex.com/en/about/our-leadership/philip-smith/
- ir.stonex.com/node/22166/html
- en.wikipedia.org/wiki/StoneX_Group_Inc.
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
US state regulators license the firm as a money transmitter under NMLS ID 1394445, and FinCEN registers it as a money services business. FINTRAC registers it as a foreign money services business, and Revenu Québec licenses it as a money services business.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| US state regulators (NMLS) United States | Money transmitter licences in 40 states and the District of Columbia | 1394445 | In its own name | Active | stonex.com ↗ |
| Financial Crimes Enforcement Network (FinCEN) United States | Money Services Business registration (money transmitter, currency exchange) | 31000289656386 | In its own name | Active | stonex.com ↗ |
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign Money Services Business registration | M22868358 | In its own name | Active | stonex.com ↗ |
| Revenu Québec Canada | Money services business licence | 15540 | In its own name | Active | stonex.com ↗ |
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
- Not disclosedThe firm's US terms of business do not say how customer funds are held. They state only that no interest is paid on funds the firm holds for customers.
- Payment schemes and card networks
- Swift Direct
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
Its US terms cover global payments, spot foreign exchange and foreign exchange forward contracts for business customers. StoneX Payments says it pays out in more than 140 currencies to over 180 countries.
It serves US customers under its state money transmitter licences and Canadian customers under its FINTRAC and Revenu Québec registrations.
- Sells to
- Enterprises · Financial institutions · Public sector · Other
- Serves customers in 2 countries
- United States · Canada
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Philip Smith Director, President, CEO
- Chief financial officer
- William Dunaway Director and Chief Financial and Risk Officer
- Compliance / MLRO
- Chelsea Undersander CCO
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
FinCEN recorded a money services business registration for the firm dated 30 December 2025.
stonex.com ↗ -
Leadership
StoneX Group Inc. appointed Philip Smith, the firm's chief executive, as Group Chief Executive Officer.
stonex.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
- IGLUUS66XXX
- How the BIC breaks down
- IGLUBank
- USCountry · United States
- 66Location
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 5493008RP59ZQ3UQ1882
- LEI record
- View on GLEIF ↗
- Licence no. · FINTRAC-MSB
- M22868358
- 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 to GLEIF on name, country and address.
- Register-entry IDs
- b289bdab3760 · 824183be6385
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- AML registration onlyRegistered with an anti-money-laundering supervisor (FinCEN, FINTRAC, HMRC, AUSTRAC, Hong Kong Customs…) without a prudential licence.
- Register licences
- 2 entries on 2 registers
- Activities
- Money remittance
- Currency exchange
- Licensed in
- United States · Canada
- Website (register)
- payments.stonex.com ↗
- Country · region
- United States · North America
- 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
- Direct parent
- Stonex Group Inc. · United States549300JUF07L8VF02M60 ↗
The Stonex Group Inc. group has 7 institutions in the directory, in 5 countries: all hold a BIC.
Including Stonex Financial Pte. Ltd., Stonex Financial Inc., Intl Fcstone Dtvm Ltda., R.J. O'brien and Associates, Stonex Europe LTD.
See the Stonex Group Inc. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 333 SE 2ND AVENUE SUITE 2100 MIAMI,FL 33131 UNITED STATES OF AMERICA
- Operational address
- 333 SE 2ND AVENUE SUITE 2100 MIAMI,FL MIAMI,FL 33131 UNITED STATES OF AMERICA
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>IGLUUS66XXX</BICFI>
<LEI>5493008RP59ZQ3UQ1882</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>IGLUUS66XXX</BICFI>
<LEI>5493008RP59ZQ3UQ1882</LEI>
<Nm>STONEX PAYMENT SERVICES LTD.</Nm>
<PstlAdr>
<TwnNm>MIAMI</TwnNm>
<Ctry>US</Ctry>
<AdrLine>333 SE 2ND AVENUE SUITE 2100 MIAMI, FL 33131</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.
Network
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| IGLUUS66BSP | — | Miami | 333 SE 2ND AVENUE SUITE 2100 MIAMI,FL MIAMI,FL 33131 UNITED STATES OF AMERICA | — | 2024-04-10 |
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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
- MSB Registrant Search—Financial Crimes Enforcement Network (FinCEN) · register ↗ as at 24 September 2026
- Money Services Business Registry—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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.
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