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A Quick Guide to Avoiding Business Identity Impersonating Websites

05 Apr 2024


Are you an ACE Money Transfer customer or willing to use its services for cross-border transactions? This article aims to make you aware of imposters, guide you on how you can stay safe, and identify our mobile app and website to utilize secure remittance solutions.

In today's globalized world, sending money internationally has become a common practice for supporting loved ones, settling business transactions, and managing personal finances.  However, navigating the world of money transfer services can be confusing, especially when encountering companies with similar-sounding names.

This comprehensive guide aims to educate you on the key differences between ACE Money Transfer (registered name: Aftab Currency Exchange Ltd.), a reputable remittance provider, and an unauthorized service that illicitly and deceptively utilizes our name. We want to empower you to make informed decisions when choosing a reliable partner for your international money transfer needs.


Understanding the Differences: ACE Money Transfer vs. Lookalike Services

While ACE Money Transfer offers a secure and reliable service with a proven track record, some customers might encounter companies with similar-sounding names.  Here's how you can distinguish ACE Money Transfer from lookalike services:


Our Regional Presence

ACE Money Transfer enables instant, secure, and seamless remittances from 28 countries across the UK, European Union Countries, Canada, Australia, and Switzerland to more than 100 countries across Asia, Africa, Latin America, and the Middle East.

Here’s a brief overview of our legal status and regional presence in different countries.


ACE Money Transfer in the United Kingdom

ACE Money Transfer is an Authorised Payment Institution (API) regulated by and a member of the Financial Conduct Authority (FCA) and His Majesty's Revenue & Customs (HMRC) in the United Kingdom.

The company was registered with the name “Aftab Currency Exchange Limited,” following its rebranding to become a digital-only remittance provider, it began operating under its current title, ACE Money Transfer.

We operate under the FCA’s Payment Service Regulations 2017 and can be identified on their register with the Registration Number 506692.


ACE Money Transfer in Australia

We are regulated by the Australian Securities & Investments Commission (ASIC) in Australia under the title ACE Money Transfer PTY LTD. Our identification on the ASIC Register can be verified through ACN 626577268. Utilizing our instant, secure, convenient, and 24/7 services, individuals can benefit from competitive exchange rates, low transfer costs, and faster transaction processing.


ACE Money Transfer in the EU

We are registered in the EU under the title ACE EUROPE, regulated by the Polish Financial Services Authority (PFSA), with “IP49/2020” as our registration number on PFSA’s register. Individuals can utilize our user-friendly mobile app or website to create remittance transfers any time they need to transfer funds back home from an EU country.


ACE Money Transfer in Canada

We are licensed as a Money Service Business by FINTRAC in Canada, and our MSB Registration Number is M20301144. We have recently migrated our operations to Habib Express in Canada only, which is now our customers' data controller. We’ve updated our services, policies, and terms and conditions reflecting the migration. Our regulated services are available to customers to create remittance transactions 24/7 for their loved ones.


ACE Money Transfer on Apple Store:

With over 1.5 billion active users, Apple devices with iOS are a common choice for individuals in the smartphone world. Available on the App Store with a stellar 4.8-star rating, ACE Money Transfer's user-friendly mobile app lets you send money internationally anytime, anywhere. Whether you're an iPhone or iPad user, our app makes secure cross-border transfers a breeze.

You can access our mobile app on the Apple Store HERE.


ACE Money Transfer on Google Play Store:

With a massive 3.6+ billion active users that make up above 70% of the total smartphone users worldwide, Android devices have taken the lead in the industry. Our user-friendly, secure, and convenient mobile app with 1+ million downloads is available on the Google Play Store for android users.

You can download our Android mobile app from the Google Play Store by Clicking Here.


Official Brand Identity: 

ACE Money Transfer has a distinct brand identity. Our logo features a prominent white ACE emblem with a dark red background. Our logo has two variations; the first variation states only the company name, ACE Money Transfer, while the second variation has our core vision, “Delivering your promises,” clearly stated underneath the company name. Be cautious of services using similar color schemes or logos that might be designed to create confusion.

Take a look at our logo variations here: 

If you come across any other service with a similar name but a different logo, be certain that it’s not ACE Money Transfer (Aftab Currency Exchange Limited).


Company History & Reputation: 

Research the company's history and online reputation. Look for independent customer reviews and testimonials to gauge their service quality and overall customer satisfaction. ACE Money Transfer boasts a long and successful history and a positive reputation in the industry that spans over two decades of service excellence.


Regulatory Compliance Check: 

Verify if the service is properly licensed and compliant with relevant regulations in the countries in which it operates. ACE Money Transfer adheres to strict regulatory compliance standards, ensuring the secure handling of your funds. It’s based out of Manchester, United Kingdom, and is regulated by the Financial Conduct Authority (FCA), the UK.


Transparency of Fees & Rates: 

Compare exchange rates and fee structures across different providers. Look for hidden costs and opt for transparency when you make a money transfer to your loved ones from abroad. ACE Money Transfer provides transparent pricing with no surprise charges. Besides, you can always check live and up-to-date exchange rates on ACE Money Transfer’s mobile app and website, which adds yet another layer to credibility and trustworthiness.


How to Identify ACE Money Transfer 

Here's how to ensure you're using the services of the authentic ACE Money Transfer:


1 - Official Website

Always visit our official website at for accurate information about our services, fees, locations, and security measures. ACE Money Transfer has no affiliation with any other website and/or service providers. The company officially announces its collaborations with other financial institutions through email newsletters for customers, push notifications, purposeful ad campaigns, press releases, newspapers, digital and linear media channels, etc.


2 - Mobile App

ACE Money Transfer has a unique and user-friendly mobile app that delivers a highly interactive and intuitive user experience. The app recently underwent enhancements in quality, security, and personalization. Our mobile app provides convenient money transfers while you’re on the move. Download the official ACE Money Transfer app directly from trusted app stores like Google Play or the App Store.

You can identify our mobile app with its unique layout, design, and features by watching tutorials on the following link:


ACE Money Transfer Mobile App Tutorials


3 - Services that ACE Money Transfer Offers

ACE Money Transfer is a regulated home remittance service and it exclusively provides secure remittance solutions, offering multiple payment methods to customers in over 100 countries worldwide. Our remittance solutions include instant online money transfer, cash pick-up option for the recipients, bank transfer, bill payments, and airtime top-up facility.


Beyond Recognition: What Makes ACE Money Transfer Stand Out

Identifying a genuine service is essential to be more secure. There are several compelling reasons to choose ACE Money Transfer as your trusted money transfer partner:


Extensive Network

We have established a wide network of over 375,000 trusted payout partner locations worldwide, guaranteeing efficient and reliable money transfers to a multitude of destinations.


Multiple Transfer Options 

We offer a wide variety of convenient money transfer methods to suit your needs. Choose from online transfers, cash pick-ups, bill payments, airtime top-ups, or mobile app transfers.


Competitive Rates

We are committed to offering competitive exchange rates, ensuring you get the most value for your money. The live currency calculator on ACE’s mobile app and website allows you to check the exchange rate for your desired currency before creating a transaction.

Moreover, you also have the option to receive exchange rate notifications. You just have to subscribe to this feature by requesting Exchange Rate Alerts on our mobile app or website.


Security & Compliance

ACE Money Transfer prioritizes security and adheres to robust security measures. We utilize state-of-the-art technology and rigorous processes to protect your financial information and ensure the secure transfer of your funds.


Customer-Centric Approach

We are dedicated to providing exceptional customer service. Our dedicated customer support team is readily available to answer your questions, address any concerns, and guide you through the money transfer process seamlessly.


Making an Informed Choice for Your Money Transfer Needs 

By understanding the key differences between ACE Money Transfer and lookalike services, you have been empowered to make an informed decision. Here are some additional tips to consider when selecting a money transfer provider:


Compare Transfer Speeds 

Different services offer varying transfer speeds. Consider how quickly you need the funds to reach the recipient. ACE Money Transfer offers a quick transaction processing facility that caters to your urgent needs.


Read User Reviews

Independent online reviews and testimonials can provide valuable insights into a company's customer service quality, efficiency, and overall user experience. Read reviews about ACE Money Transfer to get a better understanding of what our customers experience.


Ask Questions

Don't hesitate to contact the customer support team of any potential provider. Ask questions about fees, exchange rates, transfer speeds, and security measures. A responsive and informative customer support team is a positive indicator of reliable service. The ACE Money Transfer customer support team is readily available to address any questions or concerns you might have.


The Importance of Choosing the Right Provider

Sending money abroad requires a significant level of trust. You need a provider that prioritizes security, transparency, and efficiency to ensure your hard-earned funds reach their intended recipient safely and on time.  Here are some crucial factors to consider when selecting a money transfer service:


Established Track Record

Opt for a company with a long and successful history in the remittance industry. This translates into valuable experience, a robust network of partners, competitive exchange rates, and a proven commitment to customer satisfaction.


Regulatory Compliance

It's essential to choose a provider that adheres to strict regulatory guidelines and industry best practices. This ensures the secure handling of your funds, minimizes risks, and provides you with essential peace of mind.


Transparent Fees

Be wary of hidden costs and opt for a service with transparent fee structures. You should know exactly how much it will cost to transfer your money upfront, with no unexpected charges at the receiving end.


Customer Support

A dedicated customer support team is crucial. Look for a company that offers reliable support channels and is readily available to answer your questions and assist you throughout the money transfer process.


The Way Forward - Stay Alert of Fake Providers

Navigating the world of international money transfers can be confusing, especially when encountering services with similar-sounding names.  However, by being equipped with the right information and understanding the key differences between ACE Money Transfer and lookalike services, you can make an informed decision whenever you need to send money online to your loved ones back home.  At ACE Money Transfer, we are committed to providing a secure, reliable, and efficient online money transfer experience for all our valued customers.

We encourage you to visit our official website at to explore our services, compare rates, and learn more about what makes ACE Money Transfer the trusted choice for your international money transfer needs.  If you have any questions, please don't hesitate to contact our customer support team.  We are always happy to assist you.




Is ACE Money Transfer and Aftab Currency the same company?

ACE Money Transfer formerly used its registered trademark, “Aftab Currency Exchange Limited,” but now it operates under the title “ACE Money Transfer” only. You can distinguish between authentic ACE Money Transfer and lookalike providers by visiting or using the official mobile app of ACE Money Transfer. 


What are some key factors to consider when choosing a money transfer service?

Here are some crucial factors to consider:


Established Track Record: Look for a provider with a long history and positive reputation in the industry.

Regulatory Compliance: Choose a service that adheres to strict regulations and industry best practices.

Transparent Fees: Opt for providers with clear fee structures and no hidden costs.

Competitive Rates: Compare exchange rates to ensure you get the most value for your money.

Customer Support: Reliable customer support is vital for addressing questions and concerns.


How can I identify a genuine ACE Money Transfer service?

There are several ways to ensure you're using the real ACE Money Transfer:


Official Website: Always visit our official website at for accurate information.


Mobile App: Download the official ACE Money Transfer app directly from trusted app stores.


Services: ACE Money Transfer offers secure digital remittance solutions with multiple payment methods. Individuals in the UK, European Union countries, Canada, Australia, and Switzerland, can send money online to beneficiary’s accounts, choose cash pick-up for loved ones, transfer money to their bank accounts, make bill payments, or send airtime top-ups to their family and friends using ACE’s mobile app or website. It offers NO other services.


What should I do if I find another service with a similar name?

If you find another service provider with a similar name, you should:


  • Never use any service before you make sure whether it’s an authentic ACE Money Transfer mobile app and website or not.
  • Identify if it is the official ACE Money Transfer platform through the guidelines shared above.
  • Contact its customer support if you are uncertain about how to identify the official ACE Money Transfer mobile app or website.
  • Report the fake providers to the concerned regulators once you have identified the genuine ACE Money Transfer.

What additional resources can help me make an informed choice?

Here are some helpful resources:


Read User Reviews: Independent online reviews offer valuable insights into customer experiences with different services.

Compare Transfer Speeds: Consider how quickly you need the funds to reach the recipient.

Ask Questions: Don't hesitate to contact the customer support team of any potential provider.

Explore Additional Services: Evaluate if features like bill payments or mobile top-ups are relevant to your needs.


By following these tips and utilizing the resources available, you can confidently choose a reliable money transfer service that best suits your requirements.

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