Corporate Client FAQs
FC Exchange
Who is FC Exchange?
Based in the City of London, UK, FC Exchange is a commercial foreign exchange broker assisting thousands of clients around the world move millions of pounds every day. We offer a range of services and solutions to businesses both large and small for fast and secure fund transfers abroad, whilst saving you money.
How do you save money?
FC Exchange can offer better foreign currency exchange rates than a bank can by purchasing currency at wholesale rates, directly from the market, which are not available to individuals. Along with passing on these savings to you, we’ll also provide all the latest market news and developments to help you in making informed decisions and your currency purchases at the opportune moment.
How does it work?
Saving money with FC Exchange is as simple as registering online or over the phone, agreeing on exchange rates when chatting to one of our brokers, sending on the funds to us from where we’ll transfer your foreign currency on to its final destination. Follow our step by step guide to getting set up.
What does a currency exchange specialist do?
As a currency brokerage, FC Exchange buys and sells currency in the live international currency market on behalf of our diverse portfolio of clients. This ensures we secure better rates for our clients than those offered by high street banks through a personal, more efficient service.
Why not just use the bank?
Whilst banks are often big, expensive and unresponsive to your individual requirements, FC Exchange offers specialised foreign exchange services with a personal touch. Visiting your high street bank may mean you’re not offered the expertise and latest market information to get the most competitive exchange rates, while also having them watch the market on your behalf. With FC Exchange, you’ll have a dedicated broker who’ll assist you from start to finish, along with keeping you up to date with any relevant market developments.
Is my money safe?
FC Exchange takes the security of all fund transfers, large and small, very seriously. Our client's funds are always held in accounts that are completely independent of the businesses, and FC Exchange also maintains substantial collateral with trading partners as security for all our transactions. We’re also a registered money service business (MLR No. 12215508) regulated by HM Revenue and Customs.
Foreign Currency Exchange Ltd is regulated by the Financial Services Authority (Number 511266) under the Payment Services Regulations 2009 for the provisions of payment services.How much does the service cost?
We don’t charge any commission, currency transfers are free for those transactions over £10,000, and those of less than £10,000 incur a flat transfer fee of £10. Apart from that, there are no other charges or fees. Registration, consultation with our brokers and access to the latest market information is free and does not oblige you to deal with FC Exchange.
How long does it take?
Registration with FC Exchange is quick and easy and takes no longer than a few minutes. Depending on the currency you require, and the banking cut-off times, you can purchase your foreign currency and have it transferred all on the same day.
What is the minimum amount I can buy?
We do not usually accept orders for less than £3000 (or the foreign currency equivalent), but we do have a facility to accommodate smaller amounts for regular transfers.