FAQs

Who are Foreign Currency Exchange?

Foreign Currency Exchange is a commercial currency brokerage based in the UK. We assist thousands of clients to move hundreds of millions of pounds around the globe every day. Our clients range from large businesses with complex currency requirements to private individuals purchasing property and sending regular payments abroad.

How do you save money?

You save money by getting a better currency exchange rate than your bank can offer. We buy currency at wholesale rates directly from the market. These exchange rates are not available to individuals and our cost savings are passed on to our clients. We also provide you with the latest market information, allowing you to make more informed decisions and buy your currency at the most favourable time.

How does it work?

Saving money with foreign currency exchange couldn't be easier. You will need to register with us, agree an exchange rate on the telephone, send us your funds and we will forward your foreign currency to the destination of your choice.

Step by step guide to how it works

What does a currency exchange specialist do?

Currency exchange brokers buy and sell currency in the live international currency market on behalf of clients. This ensures that clients get better exchange rates than are offered by high street banks and a faster more personal service.

Why not just use the bank?

Banks are big, expensive and often unresponsive organisations while foreign currency exchange is a specialist in the currency market. Staff at your high street branch do not have the expertise or latest market information to offer you competitive exchange rates and watch the market on your behalf. We also offer you a single point of contact who will look after your needs from start to finish.

Is my money safe?

Security is of the highest importance when transferring large amounts of money. Your funds are always held in our segregated client accounts which are totally independent of our business accounts. We also maintain substantial collateral with our trading partners as security over our transactions. we are a registered money service business (MLR No. 12215508) regulated by HM Revenue and Customs.

How much does the service cost?

We do not charge any commission and transfers are free for currency transactions over £10,000. For transfers under £10,000 there is a flat transfer fee of £10. There are no other charges or fees. Consultation with our brokers, latest market information and registering with us is free and does not oblige you to deal with Foreign Currency Exchange.

How long does it take?

Registering with us is quick, easy and should take no more than a few minutes. Depending on the currency required and banking cut-off times, you can purchase your currency and have it transferred to it's destination on the same day.

What is the minimum amount I can buy?

Generally, we only accept orders of £3,000 and above or foreign currency equivalent, but we do have the facility to handle smaller amounts for regular transfers.