International Foreign Exchange (IFX) is a specialist foreign exchange consultancy dedicated to providing expert, personal and highly cost-effective management of currency transactions for businesses and private individuals.
Our clients benefit from a higher quality service, access to better quality information and a consistently lower margin than is available through traditional channels.
We can provide the help, insights and timely response you need to ensure that your foreign currency transactions are as cost-effective, risk-free, efficient and advantageous as possible.
Step 1 – Setting up a trading account
You will need to set up your account and provide the relevant identification before you can instruct your dealer to buy or sell currency. However, opening a trading account with IFX does not cost or obligate you in any way.
To open your account:
- Visit www.internationalfx.com to read our terms and conditions
- Complete and sign the relevant application form
- Contact our accounts team in your local office and provide the supporting documentation requested
Step 2 – Discussing your requirements
IFX can provide you with up-to-date views on market trends, market forecasts and suggest strategies to best suit your currency requirements.
The strategy your consultant suggests will depend on your circumstances, requirements, and goals – as well as any deadlines you may be obligated to. This could involve trying to achieve a target rate of exchange, or simply exchanging your funds at the current market price.
Step 3 – Transacting your currency
Once IFX has taken your verbal authority to purchase currency, or your target exchange rate has been achieved, you will be issued with a contract note. This will detail the exchange price that has been agreed, the amount of currency purchased and will include instructions for settlement of your contract. IFX does not accept payment by cash or from any third party. The contract note will also request that you provide payment instructions for your onward transfer.
Please be aware that your verbal authority to purchase currency is a legally binding contract between you and IFX. For your protection, all phone calls are digitally recorded.