Voltrex

VFX handle currency conversion for private individuals and businesses, offering a reliable, guaranteed service with the best exchange rates.

If you need to send or receive a foreign currency payment then we can give you access to our commercial rates of exchange coupled with a professional level of service.

- Competitive - Executing millions of pounds worth of transactions each day provides clients access to a range of suppliers including banks and liquidity providers
- Knowledgeable - The VFX team are trained to the highest standards on foreign exchange markets, payments, settlements and banking
- Premier - Providing an exclusive service
- Quality - VFX works on the highest industry standards and client satisfaction

A forward contract allows the buyer to lock in an exchange rate 'today' for a future delivery date up to 12 months, effectively removing future risk from any movements in the foreign exchange market. As a risk management tool this contract provides protection against fluctuating exchange rates. Also known as hedging, this can be one of the most effective ways of managing your foreign exchange exposure. A forward contract is ideal for private individuals wishing to fix the cost of purchasing an off plan overseas property or a business wishing to take advantage of the current market rate against future obligations. Forward contracts will usually require a deposit of between 5% and 10%, with the remainder payable on the contract maturity date.

- Do you have an overseas mortgage?
- Do you send money overseas to cover the running costs of your property abroad?
- Do you live abroad and receive a UK pension or salary?
- Do you need to repatriate rental income from your overseas property?

If the answer is YES to any of the above VFX can help save you money on your ongoing financial commitments.

Once you have bought a property or emigrated overseas, you are likely to remain with the burden of converting sterling to your new currency in some shape or form. Currency fluctuations however, can make budgeting difficult even on small amounts, and with high transfer charges and layers of commission with your personal bank these costs can escalate.

VFX has established a simple system of allowing you to automate your currency transactions and fix in a rate yearly without any transfer fees.

VFX clients benefit from regular monthly payments service. So whether you're paying an overseas mortgage, or bringing rental returns back to your country, this service will save you stress, time and money!

If you are an overseas national and would like to open an account, you just need to send over the following documents to complete your application:

- Certified copy of your passport (this can be certified by a Lawyer, solicitor, notary or bank manager).
- Proof of address such as a bank statement and utility bill.

All client funds are held in a segregated client account separate from Voltrex Ltd company accounts. Funds do not form part of Voltrex Ltd company balance sheets and are only used for the purposes of foreign exchange transactions on the instruction of the client.