Forexfix is a Berlin-based Fintech Startup. Forexfix was founded in 2016 by a team of highly experienced bankers and developers. The executive management has gained experience for more than 30 years within large companies like the KfW bank, the management consultancy McKinsey and the financial provider Hypoport. For further information, click here
For the registration process, all you need to do is scan both sides of your passport and upload them on our website. We take care of the rest of the required documents (in most cases this includes a proof of address, a company registry extract and a credit check) - from your side, no further action is needed.
We take the customer verification process and existing anti-money laundering laws very seriously, so the approval process takes between 1-5 days.
The exact transaction time depends on the country and bank account of the receiver. Past experience shows that it takes between 1-3 days until the transaction is booked on the account of the beneficiary.
Funds kept in Forexfix for forward contracts are handled by our payment engine (01.03: Currencyloud Ltd) and stored in separate accounts. This gives you assurance that your money is safe in the unlikely event of an insolvency or liquidation of Forexfix.
The sign up process is completely digital, paperless and far quicker than any traditional bank.