Company Information and Credibility
RationalFX is sister-company to fellow currency transfer provider Xendpay. Both founded by entrepreneur Rajesh Agrawal, RationalFX was opened in 2005 and has grown to transfer more than £5 Billion around the globe.
That figure, divided by the number of years RationalFX has been operating, means that RationalFX is a fairly small, compared to its competitors in the field of money transfers. In comparison, Currencies Direct handle that amount every year.
In addition to that, the information provided on RationalFX’s website is rather vague. “Thousands of clients” are using their services. The number of traders working for RationalFX is not mentioned, the management team is not presented, and generally speaking the site doesn’t provide enough of the information we are looking for.
The amateurish Look & Feel doesn’t contribute to the credibility.
FCA, HM Revenue & Customs (UK)
RationalFX have been operating for some time in the UK, and has the appropriate regulation. Beyond that, we can’t say much about it. When we scanned for relevant media pieces in large publications, we couldn’t find much information besides the fact it used to sponsor Birmingham City F.C.
Overall, it’s a medium sized plus currency dealing firm, and receives an average rating in this category.