Berry FX

Currency Broker & Money Transfers

High Value Currency Transfer Specialists

Berry FX is an FCA regulated London-based currency exchange service for corporate and private individuals. A direct alternative to the banks, we offer better-than-bank exchange rates, free international payments and money transfers above £100,000.

Berry FX was founded in 2015 to offer transparent exchange rates a fixed percentage from the mid-market for large currency transfers.

There is so much more to foreign exchange that just discount exchange rates and our focus is on helping our clients save money by proving the right technology with the right advice.

You can read more about our ethos on the Good Web Guide, the Huffington Post or see our mentions in the national press here

We do in fact offer better rates than online-only peer to peer (P2P) services and there are no additional costs. All our fees are built into the exchange rate and our advice is free whether you decide to deal with us or not.

When you request a quote online or with our dealers we show the mid-market price as well as your rate.  This is also shown on all your trade confirmations. We do not charge a commission or fee for onward payments – all our charges are built into the FX rate.

To put this into perspective, banks can charge up to 4% and our competitors around 1%. If you are comparing foreign exchange companies you may find this article on how to compare exchange rates useful.

We have also put together a 10 step guide to preparing for a large currency conversion and international transfer.

Security of funds and regulation

All client funds are held in segregated accounts at Barclays Bank and we are authorised by the FCA.

We offer a variety of ways to convert currency.

  • Same day/spot – you can convert funds and have it sent out on the same day to either a single or multiple beneficiaries
  • Future date/forward – you can lock in today’s rate and convert funds to be used at a future date with only a 10% deposit.  This is a common method of protecting future purchases from currency fluctuations – find out more on the website.
  • e-wallet – you can convert funds 24 hours a day and leave them in your online account for when you need them.

How converting funds works with Berry FX.

Clients can choose to convert funds online or over the phone.  The online platform is available 24/7 where you can convert money, see live quotes, view your cash balances and check forward prices.   You can also add regular beneficiary details and check audit trails of your previous conversions.

View the online demo here

We have experienced dealers who can handle all aspects of the transactions over the phone and are on hand to provide expert advice on foreign exchange.

To get started and become a client.

If you would like to convert funds with Berry FX, the next step is to register online.  This can be done here and takes less than a minute.  You will then be asked to upload your proof of identity and address for our due diligence and AML checks.  Once we have received this your account will be sent to compliance and normally approved within 24 hours if we do not require any further information.

You may also find these sections of our website helpful:

For Businesses

We help businesses pay less for foreign orders, increase profits, reduce costs, manage foreign exchange risk and hedge currency exposure

If your international business sends or accepts payments through your bank, you should be speaking to us. As well as protecting your profits from volatility in the foreign exchange markets, we can reveal opportunities which turn currency exchange into a hassle-free profit centre for your business.

More about corporate services

For Individuals

We help people pay less for their foreign purchases and send more money abroad with every transfer

Thinking of using your bank to buy your new home in the sun? Think again. As well as saving you money on the currency exchange and making the payment for free, we can explain in jargon-free English how to protect yourself from exchange rate movements on your future payments.

More about individual services

Management

Berry FX was founded by Richard Berry who has worked in financial services for 15 years and has dealt as prime broker for some of the largest foreign exchange providers in the UK.

Find out more.

Regulation and Security

We act as an introducer for The Currency Cloud Limited where you require payment services which are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

 

What Our Clients Say

Superb service thank you! From start to finish the website you have is easy to use and any questions were quickly resolved either on the phone or via email. (1.5m NZD from New Zealand to GBP and EUR)

Really pleased with ease of trade and level of service. Will be using again soon. (200,000 EUR to Germany)

A very easy to use, fast and cost effective service. Great exchange rates too! This will be the way I exchange money from now on! (270,000 CAD to Canada)