USI Money is a leading foreign exchange broker in the UK. The UK holds one of the biggest FX markets in the world, and the broker has access to several treasury departments. Thus, USI Money can execute wholesale rates on all the major currencies. However, people on every continent are choosing USI Money to move millions every month globally. The broker adopts a flexible trading approach with those looking for a spot or forward buys or want USI Money to become their exchange department and monitor them.In a recently conducted media interview, the spokesperson of USI Money asserted, “We are a registered trading name of Universal Securities & Investments Limited, which is authorized and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009 for the provision of payment services. USI Money is also a registered MSB with HM Revenue & Customs. We use priority payments for all money transfers, and it is the fastest and safest type of bank-to-bank transfer.”
With USI Money, the major currencies like Sterling, Euro, and US Dollar can be received on the same day (where the bank cut-off times allow). For other currencies, it can take up to 48 hours. For those requiring money transfer services in UK, the broker accepts funds by bank transfer. A bank transfer can be made online via the client’s online banking system or by visiting their bank branch. Clients with phone banking can also use it to instruct a transfer.
The spokesperson further informed, “Spot and forward contracts are two main types of deals that are available in the foreign exchange market. The spot is a foreign exchange trade with a settlement time of two business days. A forward is similar to a spot, but the settlement date can be set up to six months forward. This allows someone to guarantee today's exchange rate on payments they need to make or receive in the future. We can offer two types of forward currency exchange contracts to our clients.”
USI Money makes it simple for its clients to open an account. One can register online as an individual account or a corporate FX account. Once the client’s information is received, a member of the broker team contacts them to explain the process. USI Money does not charge any commission to transact its clients’ payments for values over £1,500. Any payment made below this value incurs a £10 transfer fee. With USI Money, one can do secure money transfers.
About USI Money:
USI Money is one of the best FX brokers in UK. The broker abides and complies fully with the Data Protection Act 1998, which protects customers against the misuse of personal data held across both manual and electronic records. Thus, USI Money offers a safe online money transfer method to its individual and corporate clients. The broker has the money of the client in segregated client accounts with its principal bankers. These accounts are only used for client transactions and are independent of the USI Money business accounts.