Currency Index is part of the PropertyIndex.com group, dedicated to helping buyers and sellers of overseas property and British ex-pats around the world.
With a first class level of personal service, excellent exchange rates and total security, there is no better company to help with all your currency requirements.
Registering with Currency Index is quick, easy and completely free of charge and carries no obligation giving you immediate access to all of the following:
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Margin |
0.60 % |
Margin explanation | 0.25% - 0.60% - The margin changes depending on the size of the currency transfer |
Financial service authority Regulated | YES |
HM revenue & Customs Regulated | YES |
Fee | £7 or £12 on transfers up to £30,000 (depending on transfer type and destination), No fee on transfers above £30,000 |
Minimum transaction | No minimum |
Trust account | Barclays Bank Plc |
Transfer options | Bank to Bank transfer, Spot Contract, Forward Contract,Limit Order, Stop loss Order |
Currencies | We provide a wide range of major and exotic currencies |
More: | Improved FX Rate with Larger Volume; Online Registration |
If you have an overseas mortgage, a UK pension or other income to send abroad regularly, our automated Regular Payment Plan offers an excellent solution.
There are no bank charges in the UK or abroad, no commission, and no transfer charges. We even offer a commercial exchange rate every month - guaranteed.
In accordance with Money Laundering Regulations Currency Index are required by HM Customs and Excise to carry out identity checks on all new clients, which are done at the time of online registration.
If you are not a UK resident you will need to provide us with original certified photocopies of your passport or driving licence and a recent utility bill or bank statement.
If you know that you will need to buy currency, but don’t need to take delivery yet, a Forward Contract could be perfect for you. The exchange rate can be fixed up to 2 years ahead, giving you the peace of mind of knowing in advance how much you need to pay, while protecting against adverse market movement. Many clients use Forward Contracts to secure a rate for the completion of an overseas property purchase.
A deposit of around 10% is required when the order is placed, and the balance is due on or before the completion of the contract. Of course, your dedicated account manager will discuss your requirements with you in detail, to help you choose the most suitable option.
You can even set up a ‘Time Option’ to draw down the currency in part, for example when several stage payments are required over the course of a property build.
If you've decided to hold out for a better foreign exchange rate than is currently available, we can buy your currency as soon as the exchange rate reaches the level you want with a 'limit order'. This can be risky, because there is no guarantee that the market will move in your favour.
You can also set a worst case rate level, or Stop Loss Order, to protect yourself should the exchange rate drastically fall.
This option is ideal when you don't have to make an immediate payment and you have a specific maximum budget available.
As an execution only organisation, we do not lend, borrow or speculate with any funds, we are therefore unaffected by market movements or problems, in contrast to banks.
We take the responsibility of handling your funds very seriously, and are fully regulated and registered with the relevant authorities, for your complete peace of mind.
- Authorised and Regulated by the Financial Services Authority (Firm Reference 504353)
- Registered with HM Revenue and Customs as a Money Service Business (Registration Number 0000012358614)
- Safeguarded bank accounts held with Barclays Bank plc in the UK
- Registered with the ICO under the Data Protection Act 1998 (Registration Number Z1495263)
- Members of the UKMTA