Is Currencies Direct a legit company?
Is Currencies Direct legitimate and safe? Absolutely. Currencies Direct is fully regulated in the UK by the Financial Conduct Authority (FCA), which means they have to meet strong rules and regulations. It has served over 300,000 customers and transfers more than £7 billion a year.
Is my money safe with Currencies Direct?
Yes, Currencies Direct is indeed a safe and secure foreign exchange broker for sending funds overseas. As per FCA regulations, client funds are entirely separate from Currencies Direct’s business accounts in so-called segregated accounts.
What do Currencies Direct do?
This rate is not available to companies or individuals. At Currencies Direct, we are able to buy currency at a wholesale rate and we pass the savings we receive from buying in bulk to our customers. You will always get quoted a price for the currency you want to buy or sell whether you trade online or over the phone.
Are Currencies Direct regulated?
Currencies Direct is registered as a Money Services Business at federal level with the Financial Crimes Enforcement Network (“FinCEN”) a bureau of the U.S. Department of Treasury. In addition Currencies Direct Inc. is licensed as a Money Transmitter in the relevant state regulatory agency in the US.
Who owns Currency Direct?
Corsair Capital LLC
Currencies Direct Holdings Ltd
Currencies Direct/Parent organizations
Palamon Capital Partners, a pan-European growth investor, and Corsair Capital, a leading private equity investor in global financial services, today announced an agreement to jointly acquire control of Currencies Direct (“The Company”), a leading specialist provider of foreign exchange (“FX”) and international payment …
Who owns Foreign Currency Direct?
About Foreign Currency Direct Foreign Currency Direct was the first foreign currency acquisition made by Pollen Street Capital in 2018, with the Group now consisting of Foreign Currency Direct, Pure FX and Infinity International.
Who owns currency Direct?
How do you use currency direct?
Transferring money really isn’t rocket science
- Register. You can register in the time it takes to boil the kettle.
- Agree your currency amount and exchange rate. Agree your currency amount and exchange rate online, over the phone or via our app.
- Make a payment. to us.
- That’s it!
How much does it cost to use Currencies Direct?
Currencies Direct is a London-based money transfer service that caters to individuals and businesses. The platform offers transfers in 40 different currencies and 120 countries around the world. Currencies Direct charges zero fees for most transfers, but the exchange rate you receive is typically 0.25-1.5% below the going market rate.
Can you use Currencies Direct to transfer money?
Multiple currency wallets – Hold balances in multiple currencies. Regular transfers – Customers from the UK may set up regular transfers easily. However, Currencies Direct USA customers can carry out regular transfers only if they make payments using UK bank accounts. Personal travel cards.
Is there a deadline to use Currencies Direct?
Banks usually have a deadline for using the money that you’ve transferred, but Currencies Direct does not charge additional fees for funds sitting in your account. Currencies Direct specializes in the transference of money from one country to another.
Who are the founders of Currencies Direct?
Currencies Direct was established in 1996 by Mayank Patel and Peter Ellis, who wanted to provide a better currency transfer service than was available at the time. Within three years of founding, the company had opened its first international branch in Spain, and it maintains a significant presence in this market to date.