Company Information and Credibility
FC Exchange was established in 2005, and is currently trading £80-90m monthly for their clients. Their approach to business revolves around the client’s satisfaction, and this is the company’s main selling point. The company prides itself at the fact each client is assigned with a dedicated account manager, and that account manager is incentivised by the company in accordance with the retention rate and level of satisfaction demonstrated by clients.
FC Exchange holds an 1A2 Credit Rating from D&B.
FC Exchange has been acquired by Global Reach Partners in 2016 with the backing of Inflexion Private Equity. The two companies combined have tens of thousands of clients, 5.5bn in annual trading volume, and more than 170 employees.
Financial Conduct Authority (UK)
🏆 Best Accreditation Standard (b.co.uk): Best Company To Work For 2016
🏆 Credit Level A2, Dun & Bradstreet
FC Exchange is a mid-range currency dealership, which appear to have satisfactory level of accreditation to pass by as a reliable company. It has been in business for over 10 years now, properly regulated (as an Authorised Electronic Money Institution), and traded more than 4bn over this period of time, with an average trade volume of GBP 35,000 . Clients are satisfied with service as demonstrated by their online reviews, and their credit rating is satisfactory.
On the flip-side of things, it’s nowhere nearly as large as companies like World First and Currencies Direct. Even companies like Currency Solutions or TorFX which are more or less around the same size of FC Exchange have been more more visible on mainstream media, and gathered a lot more client reviews than them.
Still, they are owned by one of the top 10 most credible comapnies in the industry namely Global Reach Partners, so it is bound to be completely safe.