What is CityForex.co.uk?
CityForex.co.uk is a foreign exchange and international payments company based in the United Kingdom. The company offers a range of services to individuals and businesses, including currency exchange, international money transfers, and market research.
CityForex was founded in 2003 by CEO and Chairman Franklyn Richards. The company is headquartered in London and has offices in New York, Toronto, Hong Kong, and Singapore.
How Does CityForex.co.uk Work?
CityForex.co.uk is an online foreign exchange and money transfer service that allows users to send money to over 190 countries worldwide. The service is available to both individuals and businesses, and there are no limits on the amount of money that can be sent.
To use CityForex.co.uk, users first need to create an account and add their recipient’s details. They will then need to choose how they would like to pay for their transfer – by bank transfer, debit/credit card, or PayPal – and enter the amount they wish to send. Once all of this information has been entered, CityForex.co.uk will provide a quote for the transfer, which the user can then either accept or reject. If the quote is accepted, the funds will be sent within 1-2 working days.
CityForex.co.uk offers competitive exchange rates and low fees, especially when compared to traditional banks. There are also no hidden charges, and users can track their transfers online 24/7. Overall, CityForex.co.uk is a convenient and affordable way to send money abroad.
Is CityForex.co.uk Legit or a Scam?
CityForex.co.uk is a foreign exchange company that promises to offer the best rates on currency exchanges. They claim to be able to beat the banks and other financial institutions by up to 5%. But is CityForex.co.uk legit or a scam?
I decided to find out for myself and here’s what I discovered…
The Company
CityForex.co.uk is operated by Orient Exchange Co UK Ltd, a money transfer and foreign exchange company that’s been in business since 2004. The company is authorised and regulated by the Financial Conduct Authority (FCA), which means they are held to high standards of conduct and must follow strict rules when it comes to safeguarding their customers’ money.
In addition, CityForex is a member of the Financial Ombudsman Service (FOS), which provides free, independent arbitration if you have a complaint about financial services companies like banks, insurance companies, or investment firms. And finally, all customer funds are held in segregated accounts at Barclays Bank so your money is always safe and sound.
The Rates
Now let’s take a look at their rates…
As you can see, CityForex offers very competitive rates on currency exchanges with savings of up to 5% compared to banks and other financial institutions. For example, if you were exchanging £10,000 worth of Euros back into pounds, you would save £50
What Are People Saying About CityForex.co.uk?
CityForex is a foreign exchange company based in the United Kingdom. It enables individuals and businesses to send and receive money in over 100 different currencies.
It has been in operation for over 10 years and has an excellent reputation. Customers have given it high marks for its customer service, competitive rates, and ease of use.
CityForex.co.uk Review – Conclusion
Cityforex.co.uk is a reliable and legitimate website that offers foreign exchange services to its customers. The website is easy to use and provides excellent customer service. There are no hidden fees or charges, and the exchange rates are very competitive. Overall, we highly recommend Cityforex.co.uk for all your foreign exchange needs.