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Currency Index Review

Exclusive OfferQuick FactsPros and Cons

 

Exclusively to Our Readers:

Currency Index, a winner of a lucrative 5 star ranking on our website, now offers the following:

All international transfers are fee free. Receipts are also free of charge. This freebie is valued at £12-£17.

Large international money transfers, above £50,000, will be executed at a fixed margin of 0.495%. All Currency Pairings. This is the cheapest price in the market.

This offer is exclusive for MoneyTransferComparison.com..

To obtain it, Call: 01923 725 728, and mention us.

Alternatively, click here:

Get Deal – Currency Index

currencyindex

 

Established: 2008


International Clients: ✓ Accepted (Besides US-based clients)


Currencies Offered: 41


Minimum Transfer: £500


Trading via: Telephone only.


Offices In: UK.


Regulation: ✓ Financial Conduct Authority, HM Revenue & Customs (UK).


Fees: No Fees if you use our link.


Promotional Code: No promo code needed, just use our “Get Free Quote” to receive a fee-waived quote. 


Client Reviews: Over 400, mainly on Reviews.co.uk.


Client Rating: 9.3 / 10



Awards

🏆 Best Currency Company, OPP Awards, 2010
🏆 Best British Business Award, BBB, 2012
🏆 Corporate NTL Global Award Winner, 2014

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Pros

Most Prestigious Awards

Superb Client Feedback

Fixed LOWEST RATE on large transfer 0.495%

No Fees

(Exclusive to MoneyTransferComparison)

Cons

No Online Platform

Unavailable in the USA


Our Rating: 92%

🔎 View Rating Breakdown


 

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Company Information and Credibility


Company size:  

Currency Index Ltd. (hereafter “Currency Index”) was founded in 2008 in the attempt to provide better service than that found through bank currency transfers, as well as that provided by the currency exchange industry at large. Currency Index Ltd. has fewer than 20 staff, but manages to outperform much larger competitors by focusing on a specific client base and giving them personalized service and tax savings opportunities.


Regulated By: 

Financial Conduct Authority, HM Revenue & Customs (UK).


Awards: 

Most decorated company we’ve come across!

🏆 Best Currency Company, OPP Awards, 2010
🏆 Best British Business Award, BBB, 2012
🏆 Corporate NTL Global Award Winner, 2014


Conclusion: 

Though it is possible to complete transfers electronically, Currency Index has no standalone online transfer platform. Instead, the company leads with communication directly by phone, email, and chat. This fact actually separates them from the rest in terms of individual attention from broker to client. So if you’re a UK resident or business, seeking out the best company to exchange currency in your large transfer, look no further than Currency Index.

Credibility Rating

Client Feedback


Research:

 

With over 400 reviews on Reviews.co.uk, which is a platform which seems very reliable but we haven’t tested beforehand, and a 4/9 / 5 score, it seems clients appreciate the service.

ReviewCentre gave the exact same ranking based on 23 additional reviews.

The fact it has won a UK Customer Award just recently definitely backs up the claim it’s a service-oriented platform.


Positive:

Clients appreciate:

  • Comfortable Pricing
  • Friendly Staff
  • High Level Communication
  • Consistency of Service
Negative:

There are few reviews about the site and even fewer complaints. In fact, we didn’t find any. We went through the past 20 pages of reviews over at Reviews.Co.Uk but everything was glowingly positive.


Conclusion:

Currency Index has cultivated a rare amount of satisfaction among its customers. Even though their reviews are somewhat few, those that are published tell us a lot about the remarkable service one could expect from Currency Index.

User Rating

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Exchange Rate & Fees


Research:

Fees:

Currency Index is in business to serve companies and individuals who are transferring large amounts of funds internationally. For transfers lower than £30,000, there is usually a £12 fee, discounted to £7 for Eurozone SEPA payments, and proof of payment is also available at request for £8.

For our readers, who use our GET FREE QUOTE button on this page, no fees will be incurred.

Exchange Rates:

For transfers under the £50,000 there’s no fixed margin in place. Like with most companies, it would depend how much you transfer and for which currencies.

For large transfers above that mark, using our registration link, you will be entitled to a fixed rate of 0.495%, the cheapest in the market. Cheapest than even competitors like TransferWise which don’t offer dedicated dealers, or hedging services. That applies for all currency pairings, and means saving of as much as 95% in some cases.

 

Limits:

There are no specified limits for Currency Index transfers. Our special deal with them makes links very affordable.

Additionally, here’s particular information the company gave us about how they handle European payments and save money to clients.

 


Conclusion:

 

A free transfer for all sizes, and a fixed low exchange rate for all large transfers? That deserves a perfect score.

Exchange Rates & Fees Rating

Global Reach & Service


Research:

  • Dedicated Dealer: Yes.
  • Offices: UK.
  • Ways to approach: Email and Telephone.
  • Translations: None.
  • Accepts clients: Generally speaking, globally, with the exception USA.
  • Currencies Handled: All.
  • Client reviews: 0 Complaints.

Conclusion:

 

Not the most global company with no worldwide offices, of even an international number, but on the other hand, exemplary service done in a professional manner that really does convinces us  things are optimally handled.

Global Reach Score

Additional Functionalities


Currency Index uses a versatile take on Time-Option contracts to save their clients the most money over the length of their contract. This effectively allows users to set a cap on their exchange rates, while taking advantage of lower rates as they become available. Some companies offer more sophisticated hedging options on their websites. But I would expect that some of these might be available after a short conversation with your Currency Index representative.


App:

Not offered and website is not mobile friendly.


Conclusion:

 

Very nice offering for businesses but nothing beyond the norm for individuals.

Special Features Score
Review Summary
  • Credibility Score - 90%
    90
  • Client Feedback - 90%
    90
  • Fees, Exchange Rates - 90%
    90
  • Global Reach, Availability, Service - 100%
    100
  • Added Values - 90%
    90

Bottom Line

Currency Index LTD is one of the most reputable companies in the area of international money transfers in the UK. Unlike the majority of other companies, it is difficult to find any complaint about their services or rates online, and that already says a lot. To top it off, Currency Index offers our readers a 0.495% on all currency transfers above 50,000, and no fees for transfers of any size.

92 %

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