Question 1

What is IFA Markets FX?

Accepted Answer

IFA Markets FX provides foreign exchange and international payment services to private clients, helping individuals transfer money overseas at competitive exchange rates with a dedicated specialist for every transfer.

Question 2

How do international money transfers with IFA Markets FX work?

Accepted Answer

Simply open an account, tell us how much you'd like to send and where to, and your dedicated specialist will secure a competitive rate and arrange the transfer. Funds are sent securely to your nominated overseas bank account.

Question 3

What currencies can I transfer?

Accepted Answer

We support transfers in 142 currencies to over 170 countries, covering all major currency pairs alongside a wide range of emerging-market currencies.

Question 4

What is a forward contract and how does it protect my exchange rate?

Accepted Answer

A forward contract lets you lock in today's exchange rate for a transfer on a future date — up to 12 months ahead. This protects you from adverse rate movements, so the price you budget is the price you pay, making it ideal for property purchases and emigration.

Question 5

How are your exchange rates different from my bank's?

Accepted Answer

We access wholesale, interbank-level rates and pass the saving on to you, typically offering noticeably better rates than high-street banks, with transparent pricing and no hidden margins.

Question 6

Are there any fees or charges?

Accepted Answer

There are no upfront costs to open an account or request a quote. Any transfer fees are clearly explained by your specialist before you proceed, and our competitive rates usually represent a significant saving versus your bank.

Question 7

How long does a transfer take?

Accepted Answer

Most major-currency transfers settle the same or next working day. Your specialist will confirm the expected delivery time for your specific currency and destination when you book the transfer.

Question 8

Is my money safe? How are you regulated?

Accepted Answer

Yes. Payment services are provided by our partner Sciopay Ltd, which is authorised by the Financial Conduct Authority as an Authorised Payment Institution (FRN 927951) and licensed by HMRC as a Money Service Business. Client funds are held in segregated client accounts.

Question 9

How much can I transfer?

Accepted Answer

There is no fixed limit — we handle everything from regular small payments to large lump sums such as property purchase balances. Your specialist will tailor the approach to the amount and purpose of your transfer.

Question 10

How do I open an account?

Accepted Answer

You can open an account online in minutes through our secure registration page, or request a free consultation and your specialist will guide you through the process.

Question 11

Can I lock in a rate for a future property purchase?

Accepted Answer

Yes. Using a forward contract you can secure a rate well ahead of your completion date, protecting your deposit and the total cost of your overseas property from currency fluctuations.

Question 12

Do you offer regular payment plans?

Accepted Answer

Yes. We can set up scheduled regular transfers for mortgages, pensions, salary, or living costs abroad, helping you manage ongoing overseas commitments at competitive rates.

Frequently Asked Questions

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