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.
Payment services for Mayfair FX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).
Startups Tech Pitch by Mayfair FX. Entrepreneurial brothers assisting businesses with their foreign exchange requirements
Jessal Shah CEO discusses FinTech, Banking, Foreign Exchange and Mayfair FX with Andy Mcclean from Breaking Banks (starts | 43mins)