Q How will I save and make more money?
A.We guarantee to quote you a better exchange rate than your bank. Savings can vary but are often as high as 4% of the amount being transferred. For example, a client transferring £100,000 into Euros was recently quoted 1.45 by their bank and thus would have received €145,000. We quoted 1.48 and paid them €148,000. Using IMS FX made them another €3000.00.
Please Contact Us to compare your bank's rate with our rate.

Q Do you charge commission?
No, we never charge commission and there are no other hidden fees or account charges.

Q What are the benefits of using IMS FX?
A IMS FX is able to offer excellent foreign currency exchange rates to its clients; we achieve this by offering 'wholesale' rates compared to the banks 'retail' rates. Our aim is to give a simple easy to use service ensuring our clients have total peace of mind at all times.
 

Q What rate will I get? Will I get the same rate I see on the TV or the Internet?
The rate will depend on the amount being transferred and the date you want the funds to arrive. The rates on the TV and some internet sites are "mid rates" for transactions over £5,000,000. This means they are an indicative rate halfway between the buy rate and the sell rate and no-one can trade at these rates. At IMS FX we believe we will quote you an exchange rate closer to these mid rates than anywhere else. If there is a particular exchange rate you are trying to achieve, we are always happy to watch target levels for clients and can transact for you or call you if the rate is reached. You can see indicative exchange rates on our currency converter though please note these are the "interbank" rates for amounts over £5,000,000 so smaller amounts may get slightly lower rates although we will do our utmost to achieve the best rate possible for you

Q How long will it take before I can trade?
A As soon as you have registered as a client you will be able to trade.

Q How will I pay?
A There are several ways to pay: BACS, CHAPS / telegraphic transfer. N.B. We can not accept cash or cheques as payment.

Q What happens to my money?
A Your funds will be held in a segregated client account with Royal Bank of Scotland PLC for the short time it takes to complete the transaction.

Q How will I receive my currency?
A Once your payment has been cleared, your foreign currency will be transferred to your selected account by CHAPS payment. NOTE: Some overseas banks may charge to receive funds.

Q How many times can I use this service?
A You can make as many transactions as you need, once you have opened an account with us all you need to do is pick up the phone.