International payment services for business

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.