Foreign exchange frequently asked questions
Is my money safe ?
When you open an account with your chosen provider, you place your funds into a segregated client bank account, under your name, with a top 'high street' bank. Funds are then only released on your behalf, following receipt of a signed letter of authority from yourself.
How can this save me money ?
Due to the high volume of transactions on a daily basis. The rates received are significantly better than those presently offered by 'high street' banks. Our fee is made up from the market spread (the difference between the buying and selling price), therefore you are not charged commission.
How quickly can I make a transaction ?
Once a price is agreed with you over the telephone, you only need to complete, sign and return the contract note within 30 minutes by fax or email. The transaction is at this point then complete, at the price agreed when you were telephoned. Your currency will next be sent to your nominated bank account within one working day.
