How it works:
Book a rate
Once your account is set up all you need to do is tell us how much you want to send, who you want to pay and which currency you want to pay in. Simple
Send your money
You can send your money to us by bank transfer or you can pay by debit card. We send it out
Put your feet up. We'll do the rest - convert your funds and send the money to the account you requested. Fees and
charges:
It's simple: there aren't any. Zilch. Nothing. Nada. We don’t charge our clients fees when they make a transfer with us. We don't charge our clients to register with us. How we are able to provide this service free? Because we transact so much a year, we're able to access the same interbank market rates as the high street banks. What is the interbank rate? The rate at which banks buy and sell currency to each other. We make our money by taking a smaller margin from this rate which allows us to pass the savings onto you. Simple. Security of your money:
Global Currency Exchange Network Ltd. (GCEN) is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations, 2009. Registration number 504346. GCEN is registered with HMRC under the Anti Money Laundering Regulations, 2007. Registration number 12137189
We are the only FX broker within the UAE to hold a custodial licence, further adding to the security of our services. Our transaction bank is Royal Bank of Scotland. RBS are A rated and backed by The Bank of England making us one of the safest ways to transfer money. Ensuring the safety and security of your money is central to our business. We comply fully with the regulations and ensure your funds are appropriately safeguarded and segregated from business funds in line with the requirements. Being authorised and regulated requires our companies to hold sufficient capital to protect our business and further safeguard our customers and suppliers.
