Dealing in the foreign exchange market can be daunting. With FC Exchange, though, we will aim to save you time and money, whilst ensuring our trading processes are clear and straightforward in three easy steps:
It takes just a few minutes to register and open an account with us, which is free to do, and won’t obligate your company to trade with FC Exchange. We’ll then be on hand to suggest currency transfer products to suit your specific requirements and secure great exchange rates.
Once we’ve received your registration form, we’re required by law to obtain confirmation of your identity if resident in the UK, along with conduct an anti-money laundering verification search. If, after the search, you fall below the accepted benchmark, or you reside outside of the UK, we’ll ask you to provide documentation as evidence of identity and proof of address.
Your FC Exchange currency broker will assist you throughout the entire buying process, answering any questions you may have regarding the market and exchange rates. Once your broker has confirmed the exchange rate with you, you’ll simply need to instruct them to purchase your currency in the live market.
You’ll then receive a trade confirmation email confirming the details of your trade, along with instructions on how you pay us. You can also transfer funds to us, prior to trading, for execution when the exchange rate is favourable.
As soon as we have received your cleared funds, we will transfer your currency to the stipulated destination by priority international transfer. You will also receive a payment confirmation supplied by our principal bankers at Barclays.
If you have any questions or would like clarification on purchasing foreign currency for your business, get in contact with us speak to one of our expert brokers on +44 (0) 20 7989 1111