We will act as your eyes and ears in the markets, monitoring currencies and keeping you advised of upcoming economic events or trends that may impact exchange rates that matter to your business.
Your dedicated IFX consultant will take the time to develop a thorough understanding of the specific needs and priorities of your business, and will work with you to optimise your position.
IFX is committed to helping clients minimise the costs of their transactions by providing better quality information and wholesale exchange rates, not typically available through traditional channels.
Not only does IFX offer more competitive rates - giving us more to invest, but they ensure that the payments arrive efficiently to our designated accounts, and if we have any queries, they respond almost instantaneously.
Worldwide Insurance Company
You will receive a copy of your completed application form by email. Sign and return it to us, by scanning and emailing or fax. Our compliance team will then contact you for any supporting documentation required.
Once your account is active and IFX has taken your 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 and the amount of currency purchased. It will include payment instructions for your onward transfer and instructions for settlement of your contract.
You import wine to the UK from Bordeaux and pay your suppliers
With our wholesale exchange rate of
€1.26 to £1
compared to your bank's
€1.20 to £1
Means that the cost to you with IFX is
whereas your bank would charge
Using IFX for your international payments could save you
around £10,000 per month, an annual saving of