Currency Index Review

Trading via: Telephone
International Clients accepted
Established: 2008
Currencies offered: 41

““Currency Index is the best rated small brokerage on our website. It’s t  important to note there is no online platform in place – all communication is made via email and telephone. A family office or wealth manager often prefer these types of relationships or just anyone looking for a personal touch. A lot of clients prefer to transact online (even larger transfer) – if that’s the case for you, have a look at World First.““
85%EDITORIAL RATING.
1,000
Aggregated reviews
93%
Level of Satisfaction
3
Industry Awards
2010-2014

Currency Index’s 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. These are perhaps above average for private clients but given Currency Index make fewer payments each day than their larger competitors it’s likely they will incur higher payment fees themselves with the banks.Exchange Rates: For transfers under £50,000 there’s no fixed margin in place. Like with most companies, it would depend how much you transfer and for which currencies.Currency Index may not be the best solution for clients looking to regularly make transfers under £50,000. 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. Even cheaper than competitors like TransferWise which don’t offer dedicated dealers or hedging services. That applies for all currency pairings, and means savings of as much as 95% in some cases.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 transfers very affordable.Additionally, here’s 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 near perfect score.

Global Reach & Service

Research:
Dedicated Dealer: Yes.
Offices: UK Portugal

Ways to Contact: Email and Telephone.Translations: NoneAccepts Clients: Generally speaking, globally, with the exception USA.Currencies Handled: all.Client Reviews: 0 Complaints.

Conclusion:

Currency Index is not the most global company we review on MoneyTransferComparison. They have offices in the UK and Portugal , but the exemplary service, done in a professional manner, really does convinces us things are optimally handled.

Additional Functionalities

Research:

Currency Index uses a versatile take on Time-Option contracts to save their clients the most money over the length of their contract. 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.

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