Contact Us

Phone

+44 (0)1548 857009


Address

Britton House, Fore Street, Kingsbridge, Devon. TQ7 1NY


Email

info@southwestfx.co.uk

"SW Foreign Exchange was a breath of fresh air, having dealt with a number of other companies over the years it is great to be dealing, at last, with a company of integrity which is both efficient and honest."


Ross, Salcombe

International payment services for business


SWFX offers a full treasury function for businesses that have an exposure to foreign currency. We work with you to negate potential losses through careful, strategic planning. We have the knowledge which opens opportunities for foreign currency payment efficiencies.


We can work with you on a one-to-one basis to ensure the whole treasury and risk function is carefully managed to negate exposure to the market and, most importantly, put plans in place for you to sustain the profit margin you require.


All fees and costs are agreed before any registration takes place. All client funds are held with FCA-regulated payment institutions.


FX trade services for import and export businesses


If your business imports or exports goods from or to overseas destinations, there is every chance you will need to exchange funds to send overseas or you will receive foreign funds that you will need to exchange into GBP. We work with any businesses - start-ups, small and large - involved in international trade.


We aim to make sure you have a full understanding of the currency market and the different ways you can purchase or exchange your funds. Here are some the ways we can help:


  • Guarantee of the best exchange rate possible
  • Clearly identifying the margin you buy at so you can cost your goods accordingly
  • Provide guidance when buying or selling money in advance to protect your margins
  • Fair and transparent pricing on all currency contracts
  • Online trading for all money transfers
  • Same day payments on certain currencies
  • Zero fees when sending funds abroad


Free FX health check


We will give you as much information as possible to efficiently manage and control your overseas payments. We take the time to go through your actual requirements with you as part of our free currency health check to implement a buying strategy that suits your business and the risk you are willing to undertake, not what your bank has to offer.


A lot of banks will either put you off dealing with independents such as ourselves, declaring your funds are unsafe or you will not get the expertise offered by themselves, both these claims are untrue. Funds held by us, through our partners, are kept in secure client accounts, within banks themselves please see security page. The help and guidance you will receive from us will outweigh anything you will get from your bank, especially if you are an SME where the volume you trade will have a huge bearing on the information you get.


We would be delighted to see what improvements we can make. Please don’t think your business is too small. Any saving we can make will make you more competitive. Often the smaller the company the worse rates you will get from your bank. That doesn’t need to be the case.


Benefits of working with foreign exchange companies


Competitive foreign exchange rates


Competitive exchange rates are vital to a successful business. The better the exchange rate, the more competitive your business will be and offering the best exchange rates is our business.


We can buy foreign currency at the same market rate as banks and other service providers, but generally take less profit for ourselves. We can give you a far more competitive FX money exchange rate to help you maximise your profits.


We want to offer you every possible advantage in the ever-fluctuating currency market and to make sure you are set up to complete transactions as effectively and efficiently as possible.


Personal service in a corporate world


Be it your first time dealing with FX services matters or even if your company is experienced in international trade, we hope to set you off on the right track or make improvements on what you are already doing.


You will find the experience very different from dealing with your bank or large foreign exchange companies. No more impersonal lack of service. You will have an account manager who you can reach by phone or email. They will take an interest in your business and how it relies on the FX market to secure your profit margins. 


Multi-currency virtual IBAN accounts


It is not always clear what currency your clients will be dealing with and for you to then handle. We can offer you foreign currency bank accounts in 39 different major currencies, which will then give you the ability to handle any deal these currency accounts cover. All these accounts will be in your company name under one IBAN number and one SWIFT code. If your client wishes to set up with us directly, they will all be in their name instead. This facility will give you the benefit of being able to deal with any private individual or company dealing overseas and with any of these foreign funds involved.


Corporate foreign exchange expertise


We all know banks are impersonal, difficult to deal with, bad communicators and sometimes lack specific knowledge. They certainly are not experts in the foreign exchange field…we are. We make sure you have a full understanding the different contracts available to your business.


Foreign exchange services and contracts


There are a range of foreign exchange services and contracts to choose from. We can guide you on the one that is most suitable for your business to help manage your exposure to risk. 


Spot contract


This is the simplest contract of them all. As the name suggests, it involves buying currency ‘on the spot’ and taking the live market exchange rate on the day at that specific time. Spot contracts are used if you need to make an international payment straight away.


Forward contract


A forward contract allows you to buy or sell a set amount of currency, based on the live market rate at that time, for a particular date in the future. In short, you can secure a rate today in readiness for a transfer in the future. Your forward contract rate can be secured for up to two years in the future. 


Limit order


Rather than continuously watching the currency market for a rate you are happy to buy at, the limit order allows you to choose an exchange rate and book that rate for the market to automatically buy for you if the exchange rate reaches that particular level. 


Stop-loss


As with the limit order this allows you to put an order in the market to buy if the exchange rate goes down to a particular level. As before, your currency will be bought at the level predetermined by yourself.


Industries we work with


Aside from import & export businesses and any company that has an exposure to foreign currency risk, we also work closely with the professional services firms to give them a competitive edge over their competition by improving their client service. Find out more below:





Contact us 

If you have not been 100% happy with your bank or other who might be managing your currency transactions, then do give SWFX a call. We think you will be pleasantly surprised as to the different way we work and look after you. 


Please do get in touch for a non-obligatory chat, so we can check rates and carry out an analysis on your current FX set-up. It will cost you nothing, but it may save your business a significant amount of money.

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