World First is one of the leading names in corporate foreign currency exchange for a reason. World First handles the accounts of a large number of companies around the world, efficiently and cost-effectively assisting in the management of their international financial requirements. Using hedging strategies, we can also help any company compose a more accurate budget.
Margin | 1% |
Margin explanation | The margin is the difference between the rate at which WorldFirst buys a currency, and the rate which the company then offers to clients. This is where World First makes its money. World First takes an incredibly small margin, meaning that you receive an exchange rate that is incredibly close to the interbank rate. |
Financial Conduct Authority Regulated | YES |
HM revenue & Customs Regulated | YES |
Fee | £15 on transfers up to £10,000, No fee on transfers above £10,000 |
Minimum transaction | £1,000 (or £250 if it is a regular payment) |
Trust account | HSBC |
Transfer options | Bank to Bank transfer |
Currencies | ALL deliverable currencies |
More: | Improved FX Rate with Larger Volume; Online Registration |
In today’s international market, supplies and services are bought in all types of currency. When you need to make a payment to one of your overseas suppliers, chances are you will have to pay in their local currency. Likewise, if you are receiving funds from an international company in another currency, you will need to exchange it for your own local currency. World First provides the best available rates, along with the fast service and exceptional options you have come to expect.
Among the many risks an international company has to face, the constant fluctuations in exchange rates can be an issue for importers and exporters. World First is one of the few FCA regulated brokers able to offer a full range of hedging strategies to help companies manage their foreign exchange risk by protecting them from adverse rate movements and enabling them to benefit from favourable rate movements. As an example we are able to protect you from a negative rate movement increasing the cost of an import, however if the rates move in your favour you will benefit and the import will become cheaper for you. There are a full range of options available, some carrying a premium and others premium-free, and each can be adjusted to suit your personal requirements as a business.
Investing overseas lends itself to a number of issues. Chief among them relates to the currency transactions. More than likely, you will need to convert sterling (or your local currency) into the currency of your chosen country. We can convert your current currency with the lowest exchange rates and make the payment directly to the overseas bank you choose.
In addition to having a personal broker at the end of the phone to book trades, we can also offer you access to our online payments system. The system allows you to store recipients and beneficiaries for easy access. You are also able to download reports and have multiple access levels. Using your online corporate trading account you can book trades quickly and easily using fixed spreads and at most hours of the day.
World First works with companies around the world to save them a significant amount of money on their international payments.
For more information on the foreign exchange services available to you through World First please visit www.worldfirst.com .