iDealTrade Review

About iDealTrade

iDealTrade is owned and operated by Arlingclose Ltd, which is authorised and regulated by the UK Financial Conduct Authority; it adheres to the Bank of England’s Money Markets Code for conduct in deposit and securities markets , .

The platform serves as an automated, web-based matching venue for local authority deposits and loans, offering functionalities such as partial order fills, forward dealing, user-defined limits, financial strength scores, counterparty filtering, standardised loan documentation, email alerts, and trade support; it does not require downloadable software , .

Who it’s for

• Local authorities and their pension funds seeking a secure, regulated matching platform for inter-authority deposits and loans.
• Authorities requiring automated, transparent trade matching with built‑in credit filters and governance aligned with UK Money Markets Code.
• Users preferring a web-based system with no software to install and features such as email alerts, forward trades, and partial fills.

Pros and cons

Pros

• Operates under FCA regulation through Arlingclose Ltd, providing official oversight and credibility.
• Compliant with Bank of England’s Money Markets Code, ensuring adherence to industry best practices.
• Web-based platform with advanced features: automated matching, counterparty filters, standard documentation, alerts, and trade support.
• No requirement for software downloads; accessible via encrypted and certified web login.

Cons

• Platform access is restricted to UK local authorities and pension funds following a verification process; it is not open to retail or general market participants.