freemarketFX Reviews

  Ratings based on 4 reviews       Last review 4 years ago    

freemarketFX reviews written by our Smart Money People can help you to find out more about this company that focuses on high value currency exchange, typically for Finance Directors, High Net Worths and Treasury Managers. Smart Money People is the...

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freemarketFX reviews written by our Smart Money People can help you to find out more about this company that focuses on high value currency exchange, typically for Finance Directors, High Net Worths and Treasury Managers. Smart Money People is the UK's independent financial services review site. Read and write freemarketFX reviews, and together we can help to increase trust and transparency in financial services.

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freemarketFX Review Insight

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Price & Interest Rates

50% of feedback is Process related

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freemarketFX Products 4

Peer to peer currency exchange

Not so pleasant experience

* Got lesser amount in the recipient bank (Citibank N.A... Read more

* Got lesser amount in the recipient bank (Citibank N.A India)
* The assigned support person was not professional: "We cannot support any further" (just with 2 days of 3 or 4 email communications asking for the difference in the amounts)

* When asked for the amount difference, I was informed that the recipient bank or some intermediary bank charged for the incoming amount. Citibank N.A clearly states that they do not charge anything for incoming transfers. I'm not sure why intermediary banks need to be involved for such a prominent bank like Citibank N.A.

* Though the amount shown in the website was slightly higher than that of other providers, what was finally remitted was almost equal to that of what the other leading providers had promised.

* Other leading providers fix the exchange rate. But FreemarketFX does not do that too. So nothing is promised until the transaction is processed by them.

Reviewed on 10th October 2017
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Anonymous
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Peer to peer currency exchange

Great concept but you won't get true rate

Carried out several transaction when buying a property in Spain but never once achieved the bank rate available thatcyou can see on several other sites.... Read more

Carried out several transaction when buying a property in Spain but never once achieved the bank rate available thatcyou can see on several other sites.
I liked the platform and I'm happy to pay the 0.2 percentage fee but you never get the true
bank rate.
I wish I could have purchased on the Halifax Clarity card as the rate would have saved me a few thousand on the payment transaction. Really look st who gives the best currency transactions when buying in Spain.
All the best.
Ian

Reviewed on 23rd March 2017
Ian@globesac.org's avatar
Ian@globesac.org
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Peer to peer currency exchange

Does what it should

Good new service making fx easier and cheaper for MEDIUM sized businesses. Definitely not for personal or the eBay dollar crowd which could be made a little clearer I feel.

Reviewed on 24th February 2016
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Freemarketer
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Peer to peer currency exchange

Great concept

A simple concept at heart...but very powerfully executed by a credible team. Easy to use website and well worth a look if your business needs to make high value transactions. Wonder if they'll open it up to smaller volumes at some point.

Reviewed on 28th December 2015
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David
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