Frontierpay (formerly The FX Firm) Review

?
Est. 2009
Compare

Currency exchange provider. This review is in the process of being updated.

Founded in 2009, and renamed Frontierpay in 2017 (formerly the FX firm) is a UK-based foreign currency exchange and international money transfer services specialist. The firm offers foreign exchange currency and payment services to its business and individual clients, segregated accounts, low fees, and customer service.

Fee: ?
Bank Partner: ? Barclays
Speed: ? 1-3 days
Country Notes Offers 146 currencies with in-country settlement bank accounts
Local settlement: ? Worldwide (ex. US)
Transfer methods ? Phone and online transfer services
Regulated By: ? FCA
General Notes N/a

The pros and cons of using FrontierPay

FrontierPay

FrontierPay Products for Individuals

Individuals who are sending money abroad for overseas real estate purchases, remittances to relatives or friends, pension payments, or who are transferring money overseas for any other reason will be able to secure a favorable exchange rate with one of Frontierpay's forex market specialists. Frontierpay fees are less than what is charged by a traditional bank, and the company offers a rate watch service to alert customers when favorable exchange rates are available.

Frontierpay gives its customers a fast way to make one-off overseas payments or money transfers with its spot rates service. Frontierpay foreign exchange market specialists are trained to find the most competitive foreign exchange rate and execute transactions immediately for its clients, if needed. Customers can be secure knowing that the Frontierpay will offer competitive rates and that the fees charged are lower than what the customer would pay at a bank for the same service. Frontierpay also ensures the safety of customer assets by maintaining segregated customer accounts. This means the customers’ assets are kept separate from Frontierpay company accounts under financial regulatory guidelines. In the event something were to go wrong, the FX firm’s customer assets would be protected, no matter what.

Customers who are looking for an easy way to save time, money, and streamline their ongoing fx payment needs can use Frontierpay's automated payment services. For those individuals who are making regular overseas transfers for items such as rent or mortgage payments, subscription fees, personal loan payments, salary transfers, or regular remittances, they’ll find it easy to establish a fixed payment plan.

FrontierPay Products for Business

Frontierpay’s business solutions are customized to match the needs of corporations and businesses that must conduct business abroad. Frontierpay offers spot rates and futures contracts for money transfers, giving businesses the ability to execute immediately when needed, or to lock in a favorable rate as protection against fluctuating market exchange rates and then execute the transfer at some future date. The company’s Rate Watch service is a way to track exchange rate fluctuations and specify a target rate. Once the target rate is reached, a specialist will execute the transaction on the customer’s behalf. Frontierpay’s business automated payment services can help businesses streamline their overseas payment processes and save money, as well as helping them to manage their exposure to the foreign exchange markets. The foreign exchange market expertise of Frontierpay currency specialists can help businesses with the tools they need to navigate the sometimes volatile forex markets.

About Frontierpay (formerly The FX Firm)

Frontierpay was formed in 2009 to provide international money transfer and payment services to businesses and individual clients at favorable foreign exchange rates and low fees. The company offers segregated accounts and a high level of service to its global client base.

Frontierpay is authorized by and follows the guidelines for payment services firms as set forth by the UK Financial Conduct Authority (FCA), and is a regulated Money Service Business with Her Majesty’s Revenue and Customs (HMRC). Frontierpay also participates in the Financial Ombudsman Scheme and is a member of the UK Money Transmitters Association.

Amount Received £ 10,000.00
£ 0.00 Avg. Saving vs. Banks ?
EURn/a
USDn/a
CADn/a
AUDn/a

Compare Other Currency Rates

Need payment solutions for your business?
Click here to use our business tool

Other International Money Transfer Quotes

Moneycorp

?
Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

More Info Less Info

One-off payments | Regular payments | Great rates | Safeguarded customer funds

Amount Received
USD $12,614.68
GBP £200.66
saved vs. banks

OFX (UK)

?
Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

More Info Less Info

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
USD $12,581.55
GBP £174.66
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

More Info Less Info

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
USD $12,601.94
GBP £190.66
saved vs. banks
Bank Beating Rates

TorFX

?
Est. 2004

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

More Info Less Info

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
USD $12,640.16
GBP £220.66
saved vs. banks

Global Reach (formerly FC Exchange)

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More Info Less Info

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

Amount Received
USD $12,627.42
GBP £210.66
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

More Info Less Info

Transparency and security | Great customer feedback rating from Feefo

Amount Received
USD $12,615.95
GBP £201.66
saved vs. banks

Western Union Business Solutions

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
More Info Less Info
The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
Amount Received
USD $12,550.97
GBP £150.66
saved vs. banks

Azimo

?
Est. 2012

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

More Info Less Info

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

Amount Received
USD $12,722.99
GBP £285.66
saved vs. banks

RationalFX

?
Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More Info Less Info
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
USD $12,633.79
GBP £215.66
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years
More Info Less Info
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Amount Received
USD $12,638.89
GBP £219.66
saved vs. banks

WorldRemit

?
Est. 2010

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

More Info Less Info

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

Amount Received
USD $12,588.00
GBP £179.72
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More Info Less Info
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
USD $12,633.79
GBP £215.66
saved vs. banks

Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More Info Less Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
USD $12,322.64
No saving vs. banks

PayPal

?
Est. 1998

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

More Info Less Info

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

Amount Received
USD $12,296.13
No saving vs. banks

Other Services

Popular Money Transfer Routes

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.