Key Currency Money Transfer Review

Quick FactsPros and Cons

Established: 2015.

International Clients: ✗ Does not accept American Clients.

Currencies Offered: 39

Minimum Transfer: Mo Minimum

Trading via: Online Platform or Telephone.

Offices In: UK, Spain, The Netherlands

Regulation: ✓ Financial Conduct Authority (UK)

Fees: No Fees

Client Reviews: 300 on TrustPilot

Client Rating: 9.6 / 10


Best Currency Provider at the 2016 Online Personal Wealth Awards 2016
Best Currency Provider at the 2016 Online Personal Wealth Awards 2017
Best Currency Exchange Service in 2018 at the ADVFN International Finance Awards

Our Rating: 81.1%

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Professional Staff

Transparent Ownership

No Minimum Trading Volume

All Clients Go Directly To Dealers


Small Number of International Offices

No Mobile App

Relatively Small and New

Our Rating: 81.1%

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Company Information and Credibility

Company size:  

KeyCurrency is a relatively new contender in the FX space. The firm was established in 2015, and is privately owned by the company’s directors: Clive Cooke, James Pinkney, Jon Pinkney and Andrew Gibson, all of which have extensive background in foreign exchange. Clive Cooke, the chairman of the firm, was previously the CEO of City Index, one of the better known forex trading firms in the world.

The company has 20 employees at the moment, and boasts “respectable” trading volumes considering they fact they literally just started off. It is nothing comparable to the big players in this field like World First, Currencies Direct, Moneycorp, HiFX, XE, or Transferwise, but if they maintain their current trajectory, they might be able to get there in a matter of years.

What separates Key Currency from its competitors is the fact they boast a straightforward “no minimum” policy, which means no trade is too small for them to handle, and each and every trade inquiry goes directly to the dealer, rather than the on-boarding team (like larger firms do for smaller-value transfers).

Regulated By: 

Financial Conduct Authority (UK)


Key Currency has won more awards than the industry average, as follows:

Best Currency Provider at the 2016 Online Personal Wealth Awards 2016
Best Currency Provider at the 2016 Online Personal Wealth Awards 2017
Best Currency Exchange Service in 2018 at the ADVFN International Finance Awards


KeyCurrency is all in all a new company with not much of a track record, and insignificant trading volumes in comparison to the largest competitors, but they do show a great potential for growth.

The fact they are completely transparent about their ownership and operations towards both clients and towards’s reviewers, makes us wholeheartedly believe  they are representing something “else” that this industry might have been missing – a new, hungry and motivated, service oriented company with a sincere approach to business, led by people who know the ins and outs of foreign exchange trading.

Credibility Rating


Client Feedback


There are a lot more Key Currency client reviews online than there were when we firstly inserted them into the site circa early 2017. The number of TrustPilot reviews has grown steadily from 50 to 300. We could not locate any online reviews of the firm outside of TrustPilot whether on forums or blogs. The reviews have remained very highly positive giving us a very good feel about the company. 300 online reviews is impressive but still hard to compare with bigger companies that have thousands of positive reviews accumulated over a period of 5 or 10 years like World First.


Literally 100% of the reviews are of clients who are extremely content with KeyCurrency’s services. They reported the following:

  • Great service. Clients feel appreciated.
  • Providing solid advice on the currency markets.
  • Efficiency in conducting transactions – quick and smooth.
  • Patience for clients who are not savvy about the market.
  • Good saving made against banks.

As much as we looked, it was impossible to find any bad remarks made about Key Currency.


Almost 300 current and past clients think Key Currency is a great company to work with. These clients were extremely positive about everything dealing with the company. We are looking for additional reviews, though.

User Rating


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Exchange Rate & Fees


Fees: There are no fees on trades, regardless of the amount of currencies used.

Exchange Rates: CurrencyKey operate in the same fashion as almost any other company in this industry, with the exception of Transferwise and Currencyfair, which means they do not have fixed margins they use. The bigger the trade is, and less exotic are the currencies involved, the better the rate a client would receive.

Limits: There are absolutely no minimums.


A no fee policy is what we like to hear. It is difficult to comment on the expected exchange rates at the current moment, but if we were to rely on the few client reviews we have discovered online, they appear to be competitive.

Exchange Rates & Fees Rating

Global Reach & Service


  • Dedicated Dealer: Yes, for all trades
  • Offices: UK, Spain, The Netherlands
  • Ways to approach: Email or telephone (UK number).
  • Translations: None.
  • Accepts clients: From UK, EU, Australia.
  • Currencies Handled: 39
  • Client reviews: Happy about the service.


KeyCurrency have only one UK office in Cornwall, as well as two small offices in Spain and Holland. There are no website translation or even an international phone number that will indicate they really do appeal to international (non-European) clients.

On the other hand, they appear to be providing excellent service, based on client reviews, and looking at the type of experience their dealers bring. Every single director, as well as the head of trading, and the head corporate FX, appears to have an extensive background in this industry: from a GM of a large import-export company, through wealth management, forex trading, banking and of course – currency payments. We have reasons to believe the type of guidance they will provide will be top-notch.

Global Reach Score

Additional Functionalities

  • Rate alerts.
  • Market updates.
  • Limit orders.
  • Forward contract.
  • Regular transfers.



Key Currency does not offer an app for the time being.


A rather plain vanilla offering on that end. All the basics are there, but nothing out of the ordinary.

Special Features Score

Review Summary
  • 80%
    Credibility Score - 80%
  • 85%
    Client Feedback - 85%
  • 80%
    Fees, Exchange Rates - 80%
  • 75%
    Global Reach, Availability, Service - 75%
  • 75%
    Added Values - 75%

Bottom Line

Key Currency is by no means the largest or most well-known company in the currency industry, but they appear to be a very solid company. Their main advantage is a knowledgeable staff with many years of experience, and personalised service to clients of all levels (including small private clients). It is worth checking out their rates by signing up free of charge.

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