Foreign exchange & international payment solutions for your business
As foreign exchange and international payment specialists, we can help with your currency transfer requirements. Whether you are importing or exporting, making supplier payments internationally or converting income earned from an overseas market, we have the right solution for your business.
We pride ourselves on our excellent levels of customer service and provide our clients with access to a suite of tools not typically offered by their high street bank. These tools are proven to help your business save time and money, and are offered to Brompton Financial clients free of charge.
As a technology focussed company we are able to supply currency for a fraction of the cost when compared with our competitors. Unlike other banks and FX brokers, we do not widen our spreads over time and will be completely transparent with you. We will even show you the difference between your exchange rate and our exchange rate so you always know what you are being charged.
Fair, transparent exchange rates
You can buy currency, send payments and view your transaction history with ease via Brompton Financial Online. All your beneficiary details are stored and automatically checked for errors prior to sending your payment. This saves you time and means that inputting errors are identified and addressed before your payment is sent. You will receive an instant notification once your payment is sent. You can even specify user permissions and setup multiple levels of payment approval, which enables you to delegate responsibility with control.
Online dealing and payments
Our expert dealing team takes the time to understand your requirements and will monitor the markets on your behalf. We invest heavily in market-leading technology to bring you the latest news impacting the currency markets. We monitor the markets so you don't have to.
You can protect your bottom line or take advantage of a favourable exchange rate through the use of a forward contract. This excellent risk management tool enables you to secure a rate for delivery up to 1 year in the future. A small deposit of between 5% and 10% of the contract value is usually required and must be paid within 2 days of booking your deal. The contract balance must be settled on your specified maturity date. Even if you don’t feel comfortable covering all of your requirement forward, it's always sensible to cover a certain proportion if the rate has moved in your favour.
You can target a more favourable exchange rate by placing a limit order via our dealing desk. Many clients also place a stop-loss order in conjunction with a limit order so as to protect their budgeted level. This technique enables you to trade within a range and with limited risk. Although we cannot predict the markets, our expert dealing team would be happy to discuss target limit and stop-loss orders with you.
When you have a little time on your side, you can place a rate alert to track a specific exchange rate. An automated email alert will be sent to you as soon as your 'target rate' has been achieved and you can then decide whether or not to buy your currency. This useful tool monitors the market so that you don't have to. You can place a rate alert now for free.
Our processing efficiency enables us to operate 4 payment cycles a day, which means that your beneficiary receives funds much sooner when compared to other banks or FX brokers. Payments sent before 14:00 in GBP, EUR or CAD will usually be received by the beneficiary on the same day. Payments in USD can be sent as late as 16:30 and will still usually be received by your beneficiary on the same day.