Sable International, fully accredited for your peace of mind
Our forex service is registered with all of the relevant authorities globally. Sable International is a trading name of Sable International FX Limited (company number 07070528), registered in England and Wales.
We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570) and the Financial Services Conduct Authority in South Africa (Sable International FX [PTY] Limited - FSP no. 41900).
Safeguarding of funds
Sable International FX Limited isn’t a bank. Instead, we’re what’s called an Authorised Payment Institution. This means that we operate under the Payment Services Regulations and are supervised by The Financial Conduct Authority (FCA) in the UK.
We protect your money through an FCA regulated process called safeguarding. We safeguard via the segregation method which means we segregate client funds from all other funds held by the business.
While we operate on a funds in, funds out basis and don’t hold funds for an extended period of time, where funds are required to be held overnight, we ensure these funds are moved from segregated accounts and placed in specially designated safeguarded bank accounts, held at an authorised credit institution (Barclays Bank PLC).
Neither Barclays Bank PLC nor Sable International FX Limited has any interest or right over the funds held in safeguarded bank accounts.
As an FCA Authorised Payment Institution, we are not covered by the Financial Services Compensation Scheme. Instead, where we have segregated your funds in a safeguarding account, it means those funds would be separated from our other assets.
This way, if anything were to happen to Sable International FX Limited, the funds held in our safeguarded accounts would be protected from creditors, forming an asset pool used to repay our clients with outstanding instructions. Subject to any handling costs, clients may get most, if not all, of their money back.
Barclays Bank PLC provides us with safeguarding accounts but does not monitor the funds we place on the safeguarding account or how we operate these accounts.
Sable FX adheres to strict safeguarding policies and procedures and undergoes annual external audits to ensure compliance with best practice.
For clients utilising our Currency Solved service these products and services are provided by the FCA regulated E-money institution Currencycloud:
For clients based in the European Economic Area, payment services for Sable International FX Limited are provided by CurrencyCloud B.V. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Sable International FX Limited are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.
For clients based in the United Kingdom and rest of the world, who choose to use Sable International FX Limited’s Currency Solved Service, the payment services are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).
For clients utilising our Currency Solved service, when funds are posted to your account, e-money is issued in exchange for these funds by an electronic money institution who we work with (Currency Cloud). In line with regulatory requirements, Currency Cloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currency Cloud’s, or our, insolvency. Currency Cloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.