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Top 10 FCA Authorised money transfer firms -Top 10 Currency Brokers

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FCA Authorised Money Transfer Payment Providers

Compare FCA Authorised Money Transfer Payment Providers as all currency exchange providers need to follow the FCA payment services regulations in order to provide currency exchange service.

Making an international money transfer is a good reason why so many people use FCA-authorised currency provider. FCA payment providers will not only protect your businesses funds when you need to import or export goods or even services. In addition, thousands of consumers have saved millions of pounds by comparing FCA-authorised payment institutions especially as a high percentage are living abroad but working for a UK based company and receiving a salary payment into a foreign exchange account. Receiving payments from an overseas provider or making payments such as a regular payment plan to pay your pension on a monthly basis where the policy is held in the UK.

FCA authorised money transfer

Why Use FCA-authorised currency exchange providers
What ever your reason for buying or selling investments overseas or have opted for the quite life and you are both considering buying a holiday home; or living overseas is a big move and depending on the country you decide you could get more for your money than the pound sterling can currently offer you. If you need to make an international payment overseas then opt to get a quote from your bank and then shop around some of the companies we have listed on our website.

By checking out the FCA companies listed on our website is a step in the direction to you saving thousands by using Send money home especially if buying a property oversea. Just by sending money using a broker could get you 3% more which could be 3000 plus euros on a hundred grand money transfer. There are also a number of issues to consider before deciding on using a Money Transfer institution such as consumer reviews and the feedback that has been offered by them and to ensure that what they are offering is, in fact, the right service. There are a variety of ways to make a FCA-authorised providers; the challenge is finding the option that best suits your needs.

Compare FCA-authorised money transfer brokers?

Today consumers and businesses want everything to happen instantly where getting a service as quickly as possible is now a must and this is true when it comes to exchanging currency pairs as well. Of course, everyone wants this service instantly but at the same time they also want it at the best currency price and that's when you need to ensure not only is the foreign exchange broker FCA-authorised but they also operate segregated client accounts.

Compare money transfer companies that can answer all your questions and ensure they meet all your requirements as each currency exchange providers will vary depending on where it is going and who is transferring it but nowadays this process can be fairly rapid transfer options like using Merchant payment services to ensure payments have the ability to be sent instantly as and when consumer and business payments hit the segregated client accounts.

Compare FCA Authorised currency exchange

Comparing FCA money transfer brokers could save you money?
Comparing FCA money transfer brokers could save you money this means that an exact time frame cannot be given until all relevant information is provided for the currency pairs you wish to exchange. Most money transfers occur bank-to-bank when it comes to exchanging currency pairs where any delays incurred to process and clear the funds in the beneficiary account are passed on to you. Foreign exchange companies have procedures designed to alleviate these delays and are therefore well worth investigating if you're looking to compare FCA-authorised provider who can arrange a swift clearance for currency pairs.

Compare FCA Authorised foreign exchange

What can cause my currency transfer to be delayed? What can cause my currency transfer to be delayed? well, typically delays are to be expected if you are doing a currency exchange for non-major currencies so most exotic currencies will encounter a delay in being received. Based on averages the quickest transfer time will be in major currencies which is under an hour to four hours. But most commonly consumers and businesses should consider each currency transfer takes a minimum of 24 hours for the shortest time.

Currency exchange companies that handle large money transfer payments are usually done by using SWIFT technology which is recommended by the FCA. By using swift payment technology this is the most reliable and safest way to transfer funds internationally between banks and from one currency pair to another.

Foreign Exchange Regulations and Security

As a foreign exchange and money service business provider, the companies we partner with need to be registered by HM Customs and Excise in association with SOCA (Serious Organised Crime Agency). SOCA is responsible for dealing with financial information concerning suspected proceeds of crime in order to counter money laundering or any suspicious activity.

It is now a regulatory requirement that all institutions transmitting funds on behalf of others are registered to these organisations.
The regulations now in force are there to protect both the client and the company executing the transfer on behalf of the client. Send Money Home UK only work with partners that are fully comply with the regulations.

The partner we work with for Foreign Exchange UK is TorFX which is profitable, has no debt and continues to grow strongly, with turnover expected to exceed £500,000,000 in 2010. In 2017 we achieved second place in the Sunday Times Fast track 100 awards. TorFX is authorised and regulated by the Financial Services Authority under the Payment Service Regulations 2009 for the provision of payment services. Our FCA number is 517320. To verify our authorisation.

Firms authorised by the FCA under the PSR's are required to;

  • Safeguard client funds in accordance with the regulations
  • Maintain a defined level of regulatory capital at all times
  • Apply stringent governance and risk management procedures throughout the business

AxiaFX operates segregated client accounts with in accordance with FCA rules on the safeguarding of client funds. These arrangements are independently verified by our auditors. Also Currencies Direct is licensed as a money transmitter by HM Revenue and Customs. Our MLR number is 12191606. AFEX is a member of the UK Money Transmitter’s Association.