Not all FX Companies are the same!

First Rate FX has gone further than almost any other FX Company to ensure that your funds are secure.

We want you to be confident in our services. Here are five very good reasons to choose First Rate FX for your currency transfers:

  1. First Rate FX is authorised by the Financial Services Authority (FSA) under the Payment Services Directive, Registration No. 537060, for the provision of payment services.   First Rate FX are a registered Money Services Business with HM Revenue & Customs registered 12223022. 

  2. First Rate FX provides enhanced security for its clients by holding all client monies in “Segregated Client Accounts” with Barclays. The accounts are ring fenced from the Company’s own funds and are therefore secure against any administration / liquidation. This means that in the unlikely event of the company falling into difficulties all Client Funds would be returned to our Clients in full.

  3. First Rate FX is rated as a 'low risk' company by the UK leading credit agency Experian. Experian has assessed us to be above 74% of all companies in the FX industry. A copy of our credit rating is available on request from our Head Office on 0044(0) 20 7038 8075.

  4. First Rate FX Limited holds a Professional Indemnity and Crime Insurance policy. This policy insures every transaction up to the value of £1million. The Underwriter's Security rating is Standard and Poors AA- (Strong) and A+ (excellent) A.M. Best. Although we are not legally obliged to purchase these policies, this illustrates our professional attitude towards our business dealings and our Client Care policy.

  5. We are members of the UK Money Transmitters Association (UKMTA) http://www.ukmta.org/directory.aspx and registered with the Association of International Property Professionals (AIPP) http://www.aipp.org.uk/. 

First Rate FX was incorporated on 1st November 2005 under the Companies Act 1985.

 

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