Opening an ALT21 account is quick, straightforward and free (there is no account opening fee, activation fee or monthly subscription fee).

It should take approximately 10 minutes to complete the required forms. Before the onboarding process can be finalized, our Compliance team will review your account application. The duration of the onboarding process may vary based on the complexity of your company and the documents you submit.

As a business, to open your ALT21 account, we’ll need to know:
– Your business registration details
– Proof of address
– Proof of business activity
– Details on how you intend to use your business account
– Details of directors or board members

As an individual, we’ll need:
– Your personal details
– Details on how you intend to use your account
– Proof of identity
– Proof of address
– Proof of source of income

We promise we’ll make it easy. Create an account now.

An ALT21 account is powered by our flagship X Hedge platform, and will offer everything you need for cross-border and cross-currency operations, including converting and trading 34+ currencies all from your secure, self-service client area on our X Hedge platform.

Our platform offers a comprehensive range of foreign exchange instruments, including Spot, Forwards, and Options. You can effortlessly send money, manage third-party payments, and track all your transactions. Adding and managing beneficiaries is simple, and all payments can be made directly through your online ALT21 account. When you log in, you’ll have access to your balances and transaction history, making audit tracking straightforward. Additionally, we enhance security and minimize errors with optional multi-level payment authorization.

ALT21 is authorised and a dual-regulated firm by the Financial Conduct Authority (FCA) under both the Markets in Financial Instruments Directive (MiFID) and the Payment Services Directive (PSD) – (FRN 783837).

To comply with both client money regulations under MiFID, and the safeguarding obligations under PSD – “Client Money”, and “Relevant funds” are held in the appropriate Client Money and Safeguarding Accounts with a regulated Credit Institution. This ensures that all client money and relevant funds are kept separate from company money or assets. In other words, these accounts are designated specifically for your funds, ensuring that your money is kept separate from the funds used for our business operations.

We undergo an annual external audit to review our systems, controls and governance of our effectiveness in meeting these obligations, and the Board and FCA receive a copy of this report as part of our regular reporting requirements.

As a riskless principal, ALT21 ensures that when you enter a hedge transaction with us, we simultaneously enter a corresponding hedge trade with our counterparty. We do not speculate on the currency markets with your hedging trades.

Our Terms and Conditions detail the scope of our activities with clients.