For generations Foreign Exchange margins have been hidden from businesses and personal clients, we are changing this.
The effect of margins being hidden has meant businesses and personal clients are paying higher transaction fees . We do not think this is fair.
Banks & FX Brokers have kept FX margins hidden from the client as it means they will earn a larger transaction fee. Most clients are unaware of their FX margin, which leads to the question, how do they know if they are getting a fair deal?
By opening an industry-wide discussion about FX margins, we hope clients will get a better deal.
Mayfair FX is a trading name of The Currency Cloud Ltd, registered in England and Wales, registration number 6323311.
The Currency Cloud Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 and the Payment Services Regulations for the issuing of electronic money and the provision of payment services with FCA register number 900199.
The Currency Cloud Ltd is registered with the UK Data Protection Act Registration Number Z1550331.