The Essential FC Exchange Review | Overseas Money Transfer Services

Is Using FC Exchange Worth Your While?

You can register as a personal user from most countries in the world, and FC Exchange lets you pay for your transfer in a range of currencies. The company also provides international money remittance services to all sizes of businesses. Using the services of this company to transfer money abroad can work in your favor under various scenarios:

You wish to send money to a friend or family member who resides overseas
You want to buy a home in another country
You have sold property and want to transfer proceeds from the sale overseas
You are emigrating to a foreign country or are retiring overseas
You are travelling overseas to study

At a Glance – FC Exchange International Money Remittance Services

With offices in the UK, South Africa, and Cyprus, FC Exchange offers services to residents of most countries the world over. FC exchange rates are among the most competitive you will find. You do not have to worry about hidden currency exchange fees when you deal with this company.

The company accepts payments in different ways, which can vary depending on the country of your residence. You find out available options at the time of booking a trade. The company does not accept payments via cash or checks. To get a quick overview of this company, refer to the table below.

User Rating
TrustPilot or Feefo User Ratings
Transfer Type
Coupon
Fee
Speed
Regular Payments
Mobile App
Min Transfer Amount

FC Exchange

9.7/10
Online
phone
One off transfers Regular transfers Forward Contracts
Visit Website
£0 / £10
No fee for transfers over £10,000!
1 - 3 Days
Feel free to call and discuss your needs with their very helpful brokers.
£1,000 - £3,000
For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.

Details About FC Exchange

This FC exchange review provides intricate details, so you know what you are up against well in advance. Click on the tabs below to learn more.

Supported CurrenciesFeesSpeedProductsFeatures

Currency	Code
British Pound	GBP
Euro	EUR
US Dollar	USD
Argentine Peso (Non Deliverable Forward)	ARS
Australian Dollar	AUD
Bahamian Dollar	BSD
Bahraini Dinar	BHD
Barbados Dollar	BBD
Belize Dollar	BZD
Botswana Pula	BWP
Brazilian Real (Non Deliverable Forward)	BRL
Bulgarian Lev	BGN
Canadian Dollar	CAD
Cayman Island Dollar	KYD
Chilean Peso (Non Deliverable Forward)	CLP
China Yuan Renminbi	CNY
Colombian Peso (Non Deliverable Forward)	COP
Croatian Kuna	HRK
Czech Republic Koruna	CZK
Danish Kroner	DKK
East Caribbean Dollar	XCD
Fijian Dollar	FJD
Ghanaian Cedi	GHS
Hong Kong Dollar	HKD
Hungarian Forint	HUF
Iceland Krona	ISK
Indian Rupee	INR
Indonesian Rupiah (Non Deliverable Forward)	IDR
Israel Shekel	ILS
Jamaican Dollar	JMD
Japanese Yen	JPY
Jordanian Dinar	JOD
Kazakhstan Tenge (Non Deliverable Forward)	KZT
Kenyan Shilling	KES
Korean Won (Non Deliverable Forward)	KRW
Kuwaiti Dinar	KWD
Lesotho Loti	LSL
Malawi Kwacha	MWK
Malaysian Ringgit (Non Deliverable Forward)	MYR
Mauritius Rupee	MUR
Mexican Peso	MXN
Netherland Antillean Guilder	ANG
New Zealand Dollar	NZD
Nigerian Naira	NGN
Norwegian Krone	NOK
Omani Rial	OMR
Pakistan Rupee	PKR
Peruvian Nuevo Sol (Non Deliverable Forward)	PEN
Philippine Peso (Non Deliverable Forward)	PHP
Polish Zloty	PLN
Qatari Rial	QAR
Romanian Leu	RON
Russian Ruble	RUB
Saudi Riyal	SAR
Serbia Dinar	RSD
Singapore Dollar	SGD
South African Rand	ZAR
Sri Lankan Rupee	LKR
Swaziland Lilangeni	SZL
Swedish Krona	SEK
Swiss Franc	CHF
Taiwanese Dollar (Non Deliverable Forward)	TWD
Thai Baht	THB
Trinidad and Tobago Dollar	TTD
Tunisian Dinar	TND
Turkish Lira	TRY
Uganda Shilling	UGX
United Arab Emirates Dirham	AED
Uruguayan Peso	UYU
Vietnamese Dong (Non Deliverable Forward)	VND
Zambian Kwacha	ZMW

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FC Exchange gives you a clear indication of the currency exchange fees it charges well in advance, so there are no surprises down the road. When compared to the big banks, using the services of this company can lead to noticeable savings in fees. The fees you have to pay can depend on factors such as the destination country and the mode of payment.

In some instances, FC Exchange is unable to override charges by intermediaries. Read the contract for details. FC Exchange cannot always calculate such charges in advance.

If you make your payment in GBP or EUR and the recipient’s account is in the European Economic Area (EEA), the transfer should process by the following business day.
If you pay in a currency other than GBP or EUR and the recipient’s account is in the EEA, the processing time should be no more than four business days.
In the event you make a payment in a currency other than GBP or EUR and the recipient’s account is outside the EEA, FC Exchange tries to process the transfer as quickly as possible.
Factors over which FC Exchange has no control can have an effect on the processing time.

Personal Transfers

Once you register as a personal customer, a dedicated currency expert assists you with picking a forex solution compatible with your needs. Your options include one-off payments, forward contracts, market orders, and regular payments.

Business Transfers

FC Exchange provides different money remittance services for businesses, which include industry specific solutions. This foreign exchange broker provides businesses involved in cross-border trade some oft the best rates for currency exchange. You can choose from spot contracts, forward contracts, market orders, regular payments, and mass payments.

Online Sellers

When you take your business to the global audience through eCommerce platforms such as eBay and Amazon, you can end up losing a significant percentage of your profits in currency exchange fees. FC Exchange solutions for online sellers can help minimize these. Registering for an account is easy – you complete a simple online application. Then, FC Exchange sets up different currency accounts, linked to a primary account. Once you update your online marketplaces with your new account details, you can manage your balances through the FX Exchange website.

Note: FC Exchange no longer offer Online Seller services. WorldFirst.com and OFX.com Money Transfer Services offer Online Seller service should you need them.

One-off payments – If you need to make a one-off payment in a hurry, FC Exchange can help you get the best possible exchange rate at the time.
Regular payments – The regular payment facility that FC Exchange provides simplifies the process of making payments on a regular basis – be it weekly, monthly, or annually. A minimum transfer limit of £500, or its equivalent in another currency, applies.
Forward contracts – A forward contract gives you the ability to fix an exchange rate in advance, eliminating worry about exchange rate fluctuations. FC Exchange lets you fix a rate for up to two years. A minimum transfer limit of £10,000 applies.
Market orders – You can choose from limit orders and stop loss orders, or rely on a combination. With a limit order, FC Exchange will execute your trade once the exchange rate reaches a predetermined level. A stop loss order can protect you from adverse market conditions. In this case, you set a rate that is lower than the existing market rate, which is to function as a safety net. If there is adverse movement in the market, FC Exchange executes your trade before the drop dips below the predetermined level.
Currency market updates – You can sign up for free daily or weekly rate alerts to take the hassle out of monitoring fluctuations in desired currency pairs. The FX Exchange website gives you access to live inter-bank rates, currency charts, and a variety of industry-related news.

FC Exchange – Click here for a Free Quote!

FC Exchange – Best Rates for Currency Exchange

This foreign exchange broker provides highly competitive rates across different currency pairs. Once you select a currency and the amount you want to transfer, an FC Exchange currency expert works in selecting the right solution for you. You can visit the FC Exchange website to view existing inter-bank rates at any time. You find out actual FC Exchange rates immediately before you finalize your transfers.

FC Exchange rates remain close to inter-bank rates at all times, which is why the company offers the best exchange rate guarantee. If your currency transfer comparison results in a provider quoting a better rate that FC Exchange, the company guarantees to beat that rate, provided it is not an off-market quote.

FC Exchange Coupons

There are no ongoing promotions or coupons offered by FC Exchange at this time.

Signing Up With FC Exchange

Registering for a personal account requires that you submit an online application, which should take around five minutes. Depending on how quickly FC Exchange verifies your details, you can begin trading on the day you submit your application. You have to provide different kinds of information to complete the application, which includes:

Your complete name, phone number, and email address
Your date of birth, place of birth, nationality, and residential address
The reason for currency transfer, source of funds, currency you have, currency you want, approximate amount needed, frequency of transfers, who you will make transfers to, and any other requirements

Transferring Funds Through FC Exchange

The total value of the trades you enter through FC Exchange Online at any one time cannot exceed £10,000, unless you have prior consent from the company. You can initiate your transfer online or over the phone. The company, at its discretion, may accept orders via fax or email.

You can make a personal transfer in different ways, which include one-off payments, regular payments, forward contracts, and market orders. The available modes of payment depend on the country of your residence.

Additional Information About FC Exchange

SecurityCustomer Service

FC Exchange is authorized to operate as an Electronic Money Institution by the UK Financial Conduct Authority (FCA).
FC Exchange is authorized by the Financial Services Board (FSB) in South Africa to operate as a Category 1 Financial Service Provider.
It holds client money in segregated bank accounts.
It has 1A2 Credit Rating from Dun & Bradstreet.
Grant Thornton UK LLP, one of the leading tax and advisory firms in the world, has functioned as the auditor of this company for over a decade.

This section of the FC exchange review rates the company well. A recent happy FC Exchange customer referred by iCompareFX had this to say about FCExchange.com currency rates and customer service:

Thanks Ben for all your effort on our behalf, you made the whole process smooth and the contact was reassuring in these times of potential scams. The amount of money may not of been a lot in the scheme of things but it was all we have. If we have the option we will use your service again it saved us over AUD $20,000.00 compared to the Bank. PB & TB

You can get in touch with a company representative in different ways, which include over the phone, via online chat, and through email. The table below provides contact details according to specific locations.

Region	Phone Number	Email Address	Hours of Operation
The UK	44 (0)20 7989 0000 - 44 (0)1872 309895	[email protected]	Mon to Thu 7.30am to 7pm - Fri 07.30am to 6pm
Cyprus	357 2693 3164	[email protected]	Mon to Thu 9.30am to 9pm - Fri 07.30am to 8pm
South Africa	27 (0)21 100 3410	[email protected]	Mon to Thu 8.30am to 8pm - Fri 08.30am to 7pm

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Learn More

A currency transfer comparison gives you easy means to pick a service provider based on your individual requirements. While FC Exchange deserves your attention, comparing it with other players in the field is always recommended.

Compare FC Exchange Vs TransferWise.
Compare CurrencyFair with FC Exchange.
Compare FC Exchange and OFX UK (also known as UKForex).
FC Exchange not available in your region? Check out FC Exchanges competition.

FX Exchange Review Updates

4th April 2017: FC Exchange no longer offering Online Seller features and has been removed from this comparison.
8th June 2017: Added recent positive FC Exchange customer feedback quote.

FC Exchange Reviews

Account Setup
Transaction Fees
Ease of Use
Security
Customer Service

Summary

FC Exchange has evolved over time, using technology to provide its customers with quick and reliable ways to transfer money abroad. The company provides some of the best rates for currency exchange, and using its services can lead to savings in fees as well. You can register with this company from most countries in the world. It supports a range of currencies, so there is a good chance you will not have to look elsewhere. Wondering if you should use this company for your next FX money transfer? Read on...

Headquartered in London, FC Exchange began operations over a decade ago. Now, it has satellite offices in Hertfordshire, Cornwall, Cyprus, and South Africa. While this foreign exchange broker provides great rates for currency exchange, it also backs its offerings with high levels of customer satisfaction.

From inception, this company has operated successfully without incurring any debt. It continues to build long-term relationships with clients based on individual needs. It provides services to individuals and businesses alike. Clients of this foreign exchange broker use its services for one-off purchases and for long-term solutions.

FC Exchange has served over 25,000 clients and processed approximately £5 billion in transactions. Every year, it enables thousands of clients to transfer money abroad in a quick and safe manner. When you deal with this company, you have a single point of contact.

Like other prominent FX money transfer companies, FC Exchange offers bank-beating rates. The company’s best rate guarantee shows how confident it is in the rates it offers. The currency exchange fees this company charges can lead to further savings.

4.5

The Essential FC Exchange Review for Overseas Money Transfer Services