How we work

Imagine a future where you can transfer money to anywhere in the world at a fair price and with a trusted expert to guide you through every step of the way. With ForeignExchange.com, you can buy foreign currencies directly from the wholesale financial market and send payments to almost anywhere in the world.

We're cheaper, trusted, and secure

  1. Open an account

  2. Book your transaction

  3. Complete the transfer

Step one

Step 1: Open an account

The first step is to open an account with us. As a financial services company regulated by the UK’s Financial Conduct Authority, we are required to confirm the identity and address for every user on our platform. We are also required to screen all applicants in order to manage the risk of money laundering and criminal activity. We’ve tried to make signing up as simple as possible, but you may be asked to provide images of your ID cards and other documents if we can’t electronically identify you.

Step two

Step 2: Book your transaction

Once you have opened your account, the next step is to book your transaction. We offer 26 currency pairs, and you can choose to send a payment to over 200 countries. The entire process can be completed using our easy-to-use online interface. After filling in your beneficiary details, the currency you are buying, and the amount, simply book the transaction to confirm your exchange rate. Once you have booked the transaction, your foreign currency exchange rate is locked in.

Step three

Step 3: Complete the transfer

The final step is to complete the transfer. After booking the transaction, you will be required to settle the payment by depositing funds into our bank account. We have bank accounts with leading banks that are fully safeguarded for you. For your convenience, we offer the option of settlement via online debit card to make the process easier or you can also send us a bank transfer, useful for larger amounts. Once you settle your deposit, we make the onward transfer to the intended recipient. Please note that we will not complete the transfer until your deposit has cleared.

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