Tailored Foreign Exchange Solutions for Your Business

Tailored Foreign Exchange Solutions for Your Business

Helping over 10000+ businesses manage currency costs and reduce FX risk since 1979.

Create Account TEL: +44 (0) 808 256 4729

 

Business FX solutions with a personal touch

With 40+ years in the FX industry, we understand the challenges that come when doing business internationally. Exchange rates, currency fluctuations and complex payment schedules can all have a negative impact on your profits. That’s why we work with you to find a cost-effective solution tailored to your business needs.

Trade in 120+ currencies

Trade in 120+ currencies

Get competitive FX rates

Get competitive FX rates

Access 19+ liquidity providers

Access 19+ liquidity providers

Dedicated account manager and 24/7 support

Dedicated account manager and 24/7 support

Open a free business account with us today

Open a free business account with us today

What solutions do we offer?

Spot Contracts

Spot Contracts

If you are looking to purchase currency and make a payment imminently, then a Spot Contract can be the solution for you. Once the payment is made, the recipient will have receipt of funds either on the same day or within two working days.

Forward Contracts

Forward Contracts

Want to protect your business against harmful currency fluctuations? A Forward Contract* allows you to take advantage of a favourable rate at present for your future trades. It is useful for businesses that are looking for a safety net to help them budget and manage currency volatility.

Limit Order

Limit Order

If you know that you have upcoming foreign exchange requirements, but don’t want to make an exchange straight away, a Limit Order could be the solution for you. A limit order is a type of market order that enables you to target a particular rate which isn’t currently available. Limit Orders can be placed on a GTC (good until cancelled) basis, allowing you to place an order and not have to watch or monitor the markets manually.

Currency options

Currency options

Currency Options are often used by businesses as an alternative or compliment to more traditional methods of currency management. They give the client the right but not the obligation to exchange a specified amount of currency at a known rate for a known date in the future**

What do our customers think?

What do our customers think?

Nick Stavrakakis

Founder, Indigofera

"Brexit hit us hard...Everyone thought Brexit wouldn’t happen but it was in the back of my mind, unfortunately it was too late to mitigate it. At the time we were only able to hedge half, as we suddenly had put big deposits down to book currency forward. moneycorp helped us get through the most volatile period and now as soon as we need to hedge we get info from our dealers, wait for the right time and book at the highest peaks for that short period."

 

Why choose moneycorp?

 Multi-bank execution

Ensuring competitive available rates, combined with market expertise and on-going support.

 No bounced payments

We have the technology to automatically pre-validate recipient’s details to avoid void payments.

✔ Secure drop zone 

Allowing you to drop in new payment files with automatic alerts to our team to quickly validate and process.

Liquidity access

We work with a large panel of liquidity providers to offer great rates.

 Flexible formats

We have the tools to take your current payment system and your ideal requirements, use our adaptors to translate it, and swiftly process to our channels.

 Auto-detection of returned payments

If your recipient’s account is permanently closed, we will let you know on the same day.

 24/7 online platform

Giving you the ability to initiate payments, check trends and pull customised reports anytime, all in one place.

Open a free business account with us today

Open a free business account with us today

 

Whatever your FX business payment needs are, we've got you covered.

40+ years of foreign exchange

40+ years of foreign exchange

Traded £35.5 billion in currency in 2018

Traded £35.5 billion in currency in 2018

887 dedicated employees serving our customers worldwide

887 dedicated employees serving our customers worldwide

Feefo Award-winning 24/7 customer support

Feefo Award-winning 24/7 customer support

Frequently Asked Questions

Is there a fee to use moneycorp corporate services?

Unlike banks, we won’t charge you to open a corporate account and to hold currencies.

Transaction fees are dependent on the product and fee structure pre-agreed with your account manager, depending on anticipated business volumes.

How do I open a corporate account?

 

To open an account with us, simply complete our online form or call our team on +44 (0) 808 256 4729.

 

Why is moneycorp cheaper than dealing with my bank?

Banks tend to charge a fee to open an account and to hold currencies – which we do not. In addition, we offer no or a small transfer fee for businesses, utilising our large panel of liquidity providers to offer you great market rates compared to banks who are restricted to only offer their own rate.

How is my money safeguarded by moneycorp?

With over 40 years in the business, moneycorp has a security rating of 5 A1 from Dun & Bradstreet.

In addition, all customer’s funds are safeguarded in segregated client bank accounts and are not combined with our own funds.

Can I fix an exchange rate to avoid market volatility?

There are a few solutions which allow you to do so such as a Forward Contract; we can also help you avoid market volatility using Currency Options. With these, moneycorp allows you to fix a certain rate for up to two years.

Alternatively, if you only have a one-off transaction, you can take advantage of the current favourable rate using a Spot Contract.

How do I track my payments and change details?

Using moneycorp online, you can view all your recipients, transactions and details in one place.

The platform also allows you to export data and change your details as needed.

Alternatively, if you have a more complex query, your account manager is always on-hand to help.

Open a free business account with us today

Open a free business account with us today

*Forward Contracts may or may not require a deposit dependent upon your facility agreement.
**Currency options are provided by Moneycorp Financial Risk Management Ltd, part of the Moneycorp group of companies.