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freemarketFX: Peer to peer currency exchange reviews

Name: Peer to peer currency exchange
Rating: 2.75 (4 reviews)

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2.90

Based on 4 reviews, last reviewed 10th Oct 2017

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25%

4 star

25%

Latest highest rating:

5

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 ... Read more Reviewed on: 28th December 2015

Latest lowest rating:

2

Not so pleasant experience * Got lesser amount in the recipient bank (Citibank N.A India) * The assigned support person was not professional: "We cannot support any further" (ju... Read more Reviewed on: 10th October 2017

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About this product

Before we go off on our holiday, there's always a last minute dash for some travel money! With more and more options available, it really does pay to do a bit of research to find the best travel money company. Smart Money People is the place for freemarketFX travel money reviews. If you've used freemarketFX travel money before, why not write YOUR own review? You can help other travellers looking for honest freemarketFX travel money reviews.

freemarketFX Peer to peer currency exchange reviews (4)

Review of the freemarketFX, 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. 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

Not so pleasant experience

* 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

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

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