Foreign Exchange FAQs
Foreign Currency Exchange FAQs

1) How much could I save?
Clients who buy currency through their bank can pay up to 4% more. This is accounted for by various fees and commission which some banks charge, but mostly by the poor exchange rates quoted. "Zero percent commission" deals can still work out very expensive is the rates quoted are not competitive.

WindsorFX brokers charge no fees, no commission, and quote ultra competitive rates.

2) Is my money safe?
WindsorFX only recommends brokers who are licensed and regulated by HM Revenue&Customs.

WindsorFX only recommends brokers who operate segregated client currency accounts for complete security of funds.

3) How does it work?
WindsorFX will put you in touch with an accredited FX broker who will be able to ascertain your needs, explain your options in jargon free English, walk you through the process, and quote you a money saving exchange rate.

4) How easy is it to open an account?
Opening an account can usually be done within a few hours. You will need to complete a short form, and send in a copy of your passport/other photo ID, and a recent home utility bill. Opening an account is free, and carries no obligation. Accounts can also be maintained indefinitely, free of charge.

5) Why shouldn't I use my bank?
Your bank is not a foreign exchange specialist. The exchange rates quoted could be up to 4% worse than with WindsorFX, and they will charge you various fees for transferring your currency abroad. On a transaction of £100,000 that could cost you and extra £4,000. Through WindsorFX, you will also be able to speak to currency market experts, whereas your bank will not be able to advise you on your transnaction.

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