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BNY Mellon

United Kingdom|Above 20 years|
Regulated in United Kingdom|Market Making(MM)|Global Business|Suspicious Overrun|High potential risk|


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+1 212 495 1784


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+1 212 495 1784


+44 20 3322 4806

Broker Information


Company Name


Company Abbreviation

BNY Mellon

Platform registered country and region

United Kingdom

Company website

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WikiFX Risk Alerts 3
Previous Detection : 2024-02-23
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 239048)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

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BNY Mellon · Company Summary

Key Information BNY Mellon
Company Name The Bank of New York Mellon Corporation
Years of Establishment Over 20 years
Headquarters United Kingdom
Office Locations N/A
Regulation/Licenses Regulated
Tradable Assets Stocks, Bonds, Forex, Cryptocurrency
Account Types N/A
Trading Platforms N/A
Customer Support Options Phone (English and German), Ticket System

Overview of BNY Mellon

The Bank of New York Mellon Corporation, abbreviated as BNY Mellon, is a financial institution based in the United Kingdom with over 20 years of establishment. It operates under UK regulations, providing services in market-making and an array of financial solutions. BNY Mellon has both traditional and digital asset markets, using Stocks, Bonds, Forex, and Cryptocurrency as the main marketing instruments.

BNY Mellon is home to the Digital Asset Fund Services and a newly launched Digital Asset Custody platform. The platform offers direct safekeeping and settlement of bitcoin and ether. BNY Mellon manages over $43 trillion in traditional assets and clears and settles over $2 trillion payments daily. It also offers phone-based customer support services in English and German, signifying its commitment to personalized client care.


BNY Mellon, operates under the regulation of two significant financial regulatory bodies - the Financial Conduct Authority (FCA) and the The Australian Securities & Investment Commission (ASIC).

The Financial Conduct Authority (FCA) in the United Kingdom is a Market Making (MM) license numbered 122467. The FCA's purview includes setting standards for business conduct and ensuring transparency in financial dealings.


The Australian Securities & Investment Commission (ASIC) in Australia had given an Investment Advisory License with the number 239048 which is now exceeded. Its status as “exceeded” raises concerns, implying that the company might have overstepped the boundaries of its regulatory permissions in some way. This potential irregularity could result in sanctions or penalties from the regulator, or even legal disputes, thereby raising the risk profile for customers. Furthermore, operating under different jurisdictions and licenses could lead to regulatory complexities and potentially inconsistent business practices.


Pros and Cons

BNY Mellon's position as a long-established financial institution operating for over 20 years adds significant credibility and trust to its name. BNY Mellon stands out with its focus on digital asset services, offering a comprehensive platform that integrates traditional and digital assets. This holistic approach caters to the evolving needs of modern investors seeking diversified portfolios. Additionally, with over $46 trillion in traditional assets under custody and the clearing and settling $1.9 trillion in payments daily, the institution demonstrates impressive financial strength and operational capacity.


However, despite its advantages, BNY Mellon also has some potential downsides. One notable drawback is the lack of information about certain aspects of its operations, such as account types, minimum deposit, leverage, spread, deposit/withdrawal methods, and trading platforms. These factors are essential for prospective clients to understand the nature of the services and costs involved. The absence of clear information on these aspects could limit the company's transparency and pose challenges for potential investors comparing services. Additionally, while the company offers digital asset services, it is initially available only to select institutional clients in the U.S, which could limit its accessibility for a broader range of investors.

Pros Cons
Long-established, trusted financial institution Lack of detailed information about account types and financial info
Focus on digital asset services Absence of clear information about trading platforms
Over $43 trillion in traditional assets under custody Digital asset services initially available only to select institutional clients in the U.S
Clears and settles over $2 trillion in payments daily

Market Instruments

From the information provided, it's clear that BNY Mellon offers services for both traditional and digital assets. Traditional assets typically refer to established forms of investment such as stocks, bonds, and cash - though the specifics of which traditional assets BNY Mellon deals with are not given. In addition to these, BNY Mellon is a custodian for digital assets, specifically Bitcoin and Ether. Digital assets like these are essentially cryptocurrencies, decentralized forms of currency based on blockchain technology.

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About Account Creation

Unfortunately, BNY Mellons website does not seem to offer signing up online. It is possible that contacting them directly is required.

Customer Support

BNY Mellon offers customer support through dedicated telephone lines, an online contact form, and social media platforms, providing multiple channels for clients to reach out and address their queries or concerns.

Telephone Support: BNY Mellon offers dedicated telephone lines for customer support. Clients can reach the English-speaking support line at +1 212 495 1784. Additionally, German-speaking clients can access support at +44 20 3322 4806. While the hours of operation are not specified, such support lines are typically available during regular business hours and in some cases, 24/7 for urgent matters.

Online Contact Form: BNY Mellon's website also features a contact form, providing a direct and secure method of communication with the company. This can be used to raise queries, report issues, or request more information about their services. Responses may take varying lengths of time depending on the complexity of the query.

Social Media Platforms: BNY Mellon maintains a presence on social media platforms such as Twitter ( and Facebook ( These platforms provide an additional avenue for reaching out to the company.



BNY Mellon, a financial institution headquartered in the United Kingdom, has been operational for over 20 years. Regulated by the Financial Conduct Authority (FCA) in the UK and holds an exceed license by the Australian Securities & Investment Commission (ASIC).

The company manages a large portfolio of assets, both traditional and digital. They offer digital asset custody and fund services to its clients. Customer support services provided by BNY Mellon include telephone support, an online contact form, and social media channels.


Q: Where is BNY Mellon headquartered?

A: BNY Mellon's head office is located in the United Kingdom.

Q: What is the regulatory body overseeing BNY Mellon's operations?

A: BNY Mellon is regulated by the Financial Conduct Authority (FCA) and has an exceeded regulation by the Australian Securities & Investment Commission (ASIC) .

Q: What is the core business model of BNY Mellon?

A: BNY Mellon operates as a Market Making (MM) firm.

Q: How does BNY Mellon support the evolving financial ecosystem?

A: BNY Mellon offers services that bridge traditional and digital assets.

Q: What kind of assets does BNY Mellon manage?

A: BNY Mellon manages both traditional and digital assets, with over $43 trillion in traditional assets under custody.

Q: What are the customer support options provided by BNY Mellon?

A: BNY Mellon offers customer support via telephone, an online contact form, and social media platforms.

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