Business Currency Exchange Transfers – FAQ’s

Frequently Asked Questions for those seeking providers of Corporate currency transfers in foreign exchange.

Here are some of our more commonly asked questions:

Who are fx-foreignexchange?

Fx-foreignexchange provide access to the most competitive market rates for physical currency exchange. Our dealing division, Global Currency Exchange Network, are part of us and we have been connected with for many years. See our testimonials . More about us on our website.

What currency services do we provide?

We provide a foreign exchange service for importers, exporters, managed funds, and individuals. We provide access to the best exchange rates on the market and help businesses, and individuals, Worldwide to become more profitable by saving them time and money with their foreign exchange requirements.

How long have Fx-foreignexchange been in business?

The company started trading in 2007 so this is our second year of business. However our currency dealing partner has been providing currency conversion and money transfer services for about 7 years. See our testimonials. See our lawyers and accountancy service providers.

Which bank do we use?

HSBC. We use HSBC as our foreign currency treasury providers. They are also one of our regulators.

How do I know my money is safe?

• Our foreign currency treasury provider, and regulator, is HSBC in the UK.
• We do not operate overdraft facilities or have loans or mortgages with any bank or lending institution.
• All accounts are run in credit and your payments are strictly to refund us for your foreign exchange order.
• Combine this with online settling systems and the international SWIFT system all deals are fully traceable.
• Our latest published business accounts and trading history is available for any interested party.

If you wish, some of our client testimonials can be seen here and our accountancy and legal services providers can be seen here.

How do we provide the best exchange rates?

Because of the volume of currency transactions we deliver, we have access to the best currency exchange rates. We can pass on significant savings to companies and individuals by keeping our margin narrow.

How do fx-foreignexchange make money? 

We receive a small fraction of the difference in the beneficial rate we are able to achieve. Exchange rates are provided to all clients on an equal volume basis to eliminate the shading system the banks use. Therefore a company with realtively small monthly volume can achieve the same beneficial exchange rates as if their volume was the size of a corporate conglomerate..

How do we go about changing from our current Foreign Exchange provider?

In the first instance you can do any one of 3 actions:

1. Call us and ask for the business manager. We are in the UK. 0044 (0) 1480 458400
2. e: business@fx-foreignexchange.com
3. fill in a short online registration form and we will get back to you. Your business is very important to us, so a fast response is guaranteed.

By registering with us, there is no charge or requirement to use our foreign currency services. However, it does allow us to provide you with actual rates that you can trade rather than the commonly quoted “interbank rates”, which no business or indiviual can buy at.

Do you have a website with more information?

Yes. http://www.foreignexchange.com

 

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