freemarketFX reviews
freemarketFX reviews
Review summary
People rate this company as Average based on 4 product reviews
Latest positive rating
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... 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. Read more Read less
Latest negative rating
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... * 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. Read more Read less
About freemarketFX
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.
Reviews for freemarketFX
Showing 4 of 4 company reviews
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... * 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. Read more Read less
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.... 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 Read more Read less
Products from freemarketFX
Showing all products offered by freemarketFX
Peer to peer currency exchange
by freemarketFXBefore 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...
Peer to peer currency exchange
by freemarketFXBefore 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...
We are Smart Money People
Join 2 million active users who make better financial decisions with the power of reviews.
Create an accountProtecting trust by verifying companies and reviewers
The only site that specialises in financial services
Providing everyday people with a voice