The company operates out of the UK but supports global businesses and can aid in making large transactions and implementing tools like forward contracts and large-scale moves, such as for mergers and acquisitions.
Regency FX does not offer app or self-service support, nor does it offer multi-currency accounts.
Regency FX cross border transfers overview
Monthly Fee | Exchange rate | Transfer fees |
---|---|---|
$0 / £0 | Agreed per transfers | No fees |
- Ability to streamline the process by scheduling regular payments with an account manager at Regency FX
- No caps on transfer limits making it good for large transfers, these can come with addition perks like forward contracts
- Hands on account management offers a layer of currency risk not available with self serve options
- Lack of currency support (35) compared to competitors
Features | Insight |
---|---|
Forward contracts | Lock favorable rates for up to 12 months |
Limit orders | Automate conversion by setting the target exchange rate |
Dedicated account manager | To negotiate the exchange rates and support your needs |
Schedule regular payments | Automate payments to mitigate exchange rate fluctuations |
Regency FX fees and general cost
There are no fees for signing up or using Regency FX. The only cost is the exchange rate for currency conversions which is agreed based on the transfer details.
As you will pay for a cross-border transfer based on quotes and by working with an account manager, it is possible to negotiate a better price on transfers.
For the most part, larger transfers will receive a better exchange rate.
Supported currencies and countries
Regency FX offers less access to markets than other cross-border transfer companies.
Overall, Regency FX offers access to 35 currencies, this is more than similar companies like Caxton, but less than Xe who offers over 130.
Supported currencies do include these core options for sending and receiving:
GBP
EUR
USD
CAD
AUD
NZD
JPY
CHF
ZAR
Outside of this, there are options for transfers to the UAE, China, India, and Hong Kong as well.
Currency risk tools
Forward contracts with Regency FX can be fixed for up to 12 months.
As you work with an account manager at Regency FX, it is possible to determine a currency risk strategy with them.
For example, if regular large payments are needing to be made, or a potential merger is happening and funds need to be moved.
For property management in particular, Regency FX can help move finances to ensure they are in place at the point of a transaction needing to go through.
If your primary goal is to move funds for property management or purchase, we'd also recommend looking at Key Currency and Currencies Direct. Both companies have a long-standing history and expertise in property purchases.
Signing up for Regency FX
Register with RegencyFX
Navigate to RegencyFX and click "Register"
Get a Quote
Fill in the details of your transfer. This includes the amount you want to send, the currency you are sending, and the destination currency.
Confirm the details
Once your quote is processed, you will be contacted by your account manager.
They will be able to finalize your transfer, get any additional details, and help you save on the exchange rates.
Pay and transfer
Confirm all is correct and pay for your transfer.
Once paid, your transfer will be sent.