Your Currency Exchange

SECURITY - KEEPING YOUR MONEY SAFE

We take the security of your money seriously and have regulations that we adhere to.  Here’s some more information about how we work to keep your money safe.

We never play with your money. We don’t speculate on the currency markets. We don’t invest your money overnight. When you enter into a transaction with us, we enter into a matching irrevocable covering deal with a reputable bank treasury. It is this transaction that turns your sold currency into your bought currency and from which your outward payment is made.

FCA AUTHORISATION

Global Currency Exchange Network is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009, FRN 504346.

The above details can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN). We recommend that you check out any financial institutions in the same way.

SECURITY
As well as being regulated by the FCA, we hold £15m of insurance to cover Public Indemnity, Directors and Officers, fraud and Cyber Security.

We use various global tier 1 bank accounts for holding all client monies. Your money is kept in Segregated Client Accounts also called “Safeguarding” accounts.

We adhere to stringent regulatory and internal policies and procedures to minimise any risks to the business and our clients’ money.

Global Currency Exchange Network is a Money Services Business, regulated by HM Revenue & Customs (“HMRC) under the Anti Money Laundering Regulations 2007. Our number is 12137189.

Your-Currency Exchange operate in partnership and under the umbrella of Ebury partners UK Ltd to which we outsource our entire infrastructure. This allows us to focus on customer service, managing our clients’ transactional needs and keeping a watchful eye on the markets.

We are fully supported by Ebury’s; Finance, Compliance, Legal, regulatory, administrative, Information Technology & Security divisions. Ebury Partners UK Ltd are regulated as an Authorised Electronic Money Institution by the Financial Conduct Authority. Reference number is 900797. 

Our Partnership with Ebury allows our clients access to award winning infrastructure, including an API platform that won European FinTech payments 2016. The fact that our branded version feeds directly into Ebury’s banking platform means there isn’t a third party to go through when booking trades and sending/receiving payments – allowing us to maintain efficiency when exchanging without holding anything up, as we know timing is imperative for nurturing relationships and protecting your bottom line. 

Some of the platforms features include but are not limited to:- 
• Unrivalled exchange rates – transparent fixed margin agreement that will never fluctuate. Zero wire fees. 
• 24/7 account management: Review and manage your online trading account 24/7 with access to your trade history, reports and transaction receipts to provide a full audit trail for you and your suppliers.
• Payment and beneficiary management: No matter if you trade online or through your currency specialist, you can add beneficiaries and instruct payments through the platform.
• Transact online: Place new trades in over 50 currencies as well as drawdown from your open forward contracts through our trading platform.
• Multi-payment: Bulk pay multiple recipients across multiple currencies through a simple file upload so you can quickly pay your suppliers and staff across the globe.
• Dual authorisation: Increase the security of your payments and reduce human error with the platform’s four eyes authorisation functionality.

We can also provide an entire suite of hedging strategies, forwards, market orders, options and traditional voice broking services. 

• Ebury Partners work with 24,000+ businesses and organisations
• Traded £12.5bn in foreign exchange
• Transactions in more than 140 currencies
• Contributing to Bloomberg FXFC forecasting
• Backed by the most respected technology investors
• Member of Tech City UK’s Future Fifty 2017
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