Why are there different exchange rates?
Banken und payments service providers make money in international payments through a variety of hidden costs. This ends now:
Payment through your bank
If you transfer money abroad using your bank, you have to pay in various ways: order charge, SWIFT fee, commission for foreign currency trade, foreign currency trading fee, bid price for foreign currency - on average 1.6% markup
Payment through Forexfix
If you transfer money abroad using Forexfix, you get access to the real exchange rate. There is only a small charge on the real exchange rate (mid market rate) of 0,4% (until June 2018 only 0,3%), which includes everything.
Why use Forexfix?
Book guaranteed exchange rates online within minutes
Infinite transactions without minimum volume or base fee
True mid-market rates and a lower commission than banks
How exactly does the application work?
Upload your ID, and we do everything else necessary for the compliance check.
Specify which foreign currency payment your counterpart is expecting.
With one click you get a guaranteed future exchange rate, with another one you book it.
You transfer at the guaranteed rate - that’s it, no additional fees or charges.
You benefit from better exchange rates, which will translate into better overall results for your business.
How does Forexfix process payments?
The financial products come from our partner Currencycloud Ltd, an established payment engine in the FX market.
Live market rates and automated placement of orders is provided through API technology.
We use spot transactions to process your order through efficient, local payment systems.