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FC Exchange Review - large international payments to Spain

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FC Exchange Review

FC Exchange - Foreign currency exchange margin -

1% Margin Explained - Max margin from interbank 1%. Improved with volume Minimum Transfer £5000

Options - You can make a one-off payment, or arrange a series of monthly payments using their Regular Payment Plan.Delivery - Same Day Available On Most Major Currencies

Foreign Currency Exchange Information
Foreign Currency Exchange is a currency brokerage businesses, based in the UK. They assist thousands of clients to move hundreds of millions of pounds around the globe every day. Our clients include private individuals purchasing property and sending regular payments abroad as well as large businesses with complex currency requirements.They buy currency at wholesale rates directly from the market. These exchange rates are not available to individuals and their cost savings are passed on to the clients.They are passionate about providing a simple, straightforward service. They keep their clients aware of market movements during the buying process and deliver any currency, bought or sold, accurately and on time.

Advantages

  1. Save Money - Many individuals and businesses still use their bank for foreign exchange transactions, resulting in poor exchange rates, a lack of personal service, and a "one size fits all" approach. Due to our established relationships in the "inter-bank" foreign exchange market, Foreign Currency Exchange is able to offer wholesale rates of exchange on transactions over £5,000. The average saving made by our clients on a transaction of £100,000, is 1.9%, or £1,900.2. Avoid Exchange Rate Fluctuations - Because rates change by the second it would be almost impossible to forecast exactly what the rate would be when your transaction is processed. You may have negotiated the best price for your purchase, but it could easily be offset by a slight change in the exchange rate. Foreign Currency Exchange can fix the rates for you for up to two years which will protect you from future rate movements, helping you stick to your budget!3. Market Expertise -At Foreign Currency Exchange their mission is to be the consumer's first choice for all currency transfers requirements through our extensive knowledge of the financial markets and the delivery of great service at a competitive cost.4. Excellent Services - Foreign Currency Exchange are determined to end the dominance of the high street banks and are committed to providing a viable and competitive alternative to customers who are unhappy about high charges for currency exchange.

  2. Security of Funds - Foreign Currency Exchange money transfers is regulated by HM Revenue & Customs, and is a member of the UK Money Transmitters Association. All client funds are held in client segregated accounts with our banking partner.

  3. Personal Service - Foreign Currency Exchange pride ourselves on offering a personalized service and promise that you will always speak to the same professional currency experts throughout your transaction.

  4. No Commission and No Fee's

  5. Fast International Transfers - Foreign Currency Exchange will send your currency to its destination free of charge, by TT / CHAPS. Foreign Currency Exchange can pay your solicitor, vendor, notary or supplier direct, saving you time and money. Their same day international payments are fast, reliable and free*. Foreign Currency Exchange can also provide you with an internationally recognised payment confirmation as soon as your currency has been sent.

  6. Free Account Opening Facilities - Opening an account is free of charge, there is no obligation to trade, and you will not be charged any administration charges for maintaining your account.

  7. No Obligation Quotations - You can get instant dealing quotes from your account manager by telephone or email. The bank will often refuse to give a live quote, or will not inform you of your currency rate until later. Even worse, they may offer you the "tourist" rate of exchange, whereas on a large transaction, you should be offered a far better quote. Foreign Currency Exchange provide live, transparent quotes based on the amount of currency you are sending, so you truly know where you stand, and can budget accordingly.

Disadvantages

  1. Longer account set up process if not residing in the UK.

Extra Services
Same Day Spot Contracts, Forwards, Stop/Limit Orders

Foreign Currency Exchange Limited is a company registered in England under registration number 5452483. Its registered office address is 1 Liverpool Street, London, EC2M 7QD. None of the information contained in this website constitutes, nor should be construed as financial advice.

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