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Currencies Direct
Currencies Direct is one of Europe’s largest independent foreign exchange specialists, and was one of the first to recognise the need in the market for an expert secondary foreign exchange provider to traditional bank. When you are making international payments for individuals you can benefit from their expertise in seeking the best possible rate, whether you are sending or receiving foreign currency. Currencies Direct can help to protect you from exchange rate fluctuations and save you time and money on international payments. Whether you need to make a one-off payment immediately or require regular transfers to a bank abroad, they have the service available to meet your needs.
Locations: UK, Spain, Canada, South Africa, Australia, India
Forward ContractsRegular Payments
Join Mailing ListCurrency Converter
Join Currencies Direct mailing list and receive free foreign exchange reports.
1. Free to open an account which can be ready to trade within hours
2. Guarantee the rate you receive is within 0.2%-1% of the live interbank spot rate.
3. Can generate a cost saving of between 0.5% to 4% when compared to a high street bank. This is equivalent to a maximum saving of £4,000 on a £100,000 transaction.
4. Currencies Direct charges no commission and no transaction costs
5. We can reduce your currency risk by offering forward contracts to help set the rate for your future transaction
6. We will keep you informed at all stages of the payment process and provide a more efficient service than your bank
7. All client funds are secure as they are held in segregated client accounts by our banking partner HSBC
8. Currencies Direct is a UK registered Ltd company (Reg No.: 3041197) and operates under the regulation of HM Customs & Excise, adhering to their Anti-Money Laundering Regulations (MLR No.: 12132225)
1. You will undergo an ID check as part of the account opening process which for non-UK residents will require additional identification documents to be submitted.
Terms and Conditions
See website for details
Additional Services
Spot Contracts, Forward Contracts, Stop Loss Orders, Limit Orders
1. Spot Contracts - We buy or sell your currency immediately on the live markets
2. Forward Contracts - We can fix an exchange rate for up to 24 months thus protecting you against future adverse currency movements
3. Limit Orders - You can set an upper rate which you are seeking to achieve and we can trade your currency as soon as that is available
4. Market Watch Service - Let our dealers monitor the markets for you and keep you informed on any significant movement specific to your requirements.
Transfer and Currency
Transfer Options:
UK Bank to Foreign Bank or vice versa
Transfer Speed:
Upon receipt of cleared funds US & Western Europe usually occur the same day. Rest of the world 24 hours
Minimum Exchange: £1000
Currencies Available: 38 Accounts
Trust Accounts: BARCLAYS Trust Accounts
Costs, Rates and Fees
Margin: 1%
Margin Explained: 0.7% based on volume
Fee: £0.00
Improved FX Rate with Larger Volume: Yes
Online Registration: Yes
FCA Regulated: Yes
HM Revenue & Customs Regulated: Yes
Currencies Direct (Which Way To Pay - 2/12/2008)
Currencies Direct is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Apply for Currencies Direct
Apply for Currencies Direct