How you can use our Currency Exchange Services
How does it all work? Buying and sell currency is a very simple process with fx-foreignexchange.
Many banks make currency exchange look complicated. If you wish to buy a particular currency, the best place to start is with a foreign exchange broker.
We agree to buy such large amounts from our Treasury bank, that we can afford to sell those currencies much cheaper than most other fx businesses. Currency exchange is all we do so you can be assured of getting the very best rates.
The process is simple:
- Open an account. It’s free and you are not obliged to use it if you don’t wish to use our services
- Advise us of the currencies that you wish to sell, and buy (We will let you have the very best exchange rate at that time)
- If you wish to go ahead, we can buy the currency on your behalf at the agreed exchange rate
- You then send us the amount of currency that you are selling. (We have secure accounts for our client funds.)
- When we receive the money, we change it at the agreed rate and forward the “new” currency to whichever bank account you have requested us to send it to. (There’s no charge for our international transfers, unlike the High Street banks)
- That’s it!
Is it Safe? We are registered with the following:
- UK Financial Services Authority ( FSA ) under licence number 504346, Global Currency Exchange Network
- HM Revenue and Customs in the UK, under Money Service Business
- Barclays Bank PLC, who are the treasury providers for this business.
All you need to do is complete this form, accept our terms and conditions, and send us 2 forms of ID. Usually, the ID is a copy of your Passport, and your driving licence or a utility bill from the last 3 months. If you don’t have these, contact us anyway and we will advise what is acceptable.
Got a question? Call us on 0044 (0) 1480 458400.
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