IFX is one of the UK’s leading specialist FX consultancies. We are a dynamic business with a global reach, serving a growing spread of corporate and private clients throughout the UK, Europe, the US and Australasia.

As expert and highly experienced foreign exchange consultants, we can help minimise the risk associated with international transactions, provide peace of mind and save you money.

We will work with you to get the best rates, avoid unforeseen losses, and reduce transaction costs.

As an IFX client - whether corporate or private - you will have your own dedicated consultant. He or she will be your contact every time you call, will take time to understand your specific needs and priorities, and will work with them in mind.

By providing continuity and consistency of service and a clear understanding of your requirements, we are best placed to help you minimise your risks, optimise your position, reduce your costs and save money in both the short and long term.

By combining specialist foreign exchange expertise with a clear understanding of your circumstances, we are able to provide the strategies that will give you the most appropriate solution for your needs, with the least cost, stress and inconvenience.

As a specialist foreign exchange consultancy, IFX is able to offer clients access to wholesale exchange rates not offered by your regular bank. And unlike your bank, we do not charge any additional fees or commissions on your rate of exchange.

Most banks and currency organisations demand immediate settlement for Spot trades. Through our international banking partners IFX is able to offer flexible settlement terms to help you manage your cash flow more effectively.

Unlike your bank, we do not require separate instructions for the conversion and transfer of funds. We expedite all your currency transfers through our international banking partners. As a result, IFX is able to deliver same day to your nominated bank in Europe and the United States.

IFX will work with you to make your foreign exchange transactions as clear, controllable and cost-effective as possible. Depending on your requirements there are a number of options open to you.

If you have cleared funds available and would like to exchange them immediately you can enter into a Spot Contract. Contact us by telephone, email or fax and we will secure the best rate available. Your currency will be available for transfer to any account worldwide the moment IFX has received your settlement.

When your overseas transaction involves a payment in the future, or a series of payments over time, you can enter into a Forward Contract. You can fix an exchange rate for up to two years in advance, with the option to draw on these funds at any time. This contract removes currency risk, locking in your rate and protecting you from adverse market movements during the period of the transaction.

If you have time to wait for favorable market movements, you can place a Market Order. Nominate your target exchange rate and IFX will monitor market movements – over an extended period if necessary – and execute the trade once your desired rate is reached.

We can also offer you a ‘safety net’ mechanism, allowing you to nominate a lower exchange rate, (or ‘Stop Loss’ order) that will minimise your losses in the event of a sudden fall in the market.

If you need to make regular payments overseas the IFX Regular Payment Plan will eliminate the stress and workload of organising regular currency transfers, and save you money.

The service will help those who need to transfer salary and pension payments to a foreign bank account, or arrange a regular cash transfer to meet mortgage payments or investment contributions.

You will need to set up your account and provide the relevant identification before you can instruct your dealer to buy or sell currency. However, opening a trading account with IFX does not cost or obligate you in any way.

 To open your IFX account:

IFX can provide you with up-to-date views on market trends, market forecasts and suggest strategies to best suit your currency requirements.

The strategy your consultant suggests will depend on your circumstances, requirements, and goals – as well as any deadlines you may be obligated to. This could involve trying to achieve a target rate of exchange, or simply exchanging your funds at the current market price.

Once IFX has taken your verbal authority to purchase currency, or your target exchange rate has been achieved, you will be issued with a contract note. This will detail the exchange price that has been agreed; the amount of currency purchased and will include instructions for settlement of your contract. IFX does not accept payment by cash or from any third party. The contract note will also request that you provide payment instructions for your onward transfer.

Please be aware that your verbal authority to purchase currency is a legally binding contract between you and IFX. For your protection, all phone calls are digitally recorded.

IFX client money is held in segregated IFX Client Money Accounts by our bankers in accordance with the FCA’s Client Money Rules. There is no cross over between client funds and IFX funds. Accounting records are externally audited as to accuracy and FCA compliance. In the unlikely event of failure or default by IFX, client funds are protected.

IFX is committed to conducting its business with the highest level of integrity and supporting the worldwide anti-money laundering effort. We are committed to maintaining good compliance policy, stringently observing the compliance and reporting regulations of every jurisdiction where we are active, protecting the company and our customers.

FCA Firm Reference Number: 504007

HMRC MLR Registration Number: 12209877