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Currencies Direct Review

 

Started in just 1996, Currencies Direct operates out of the city of London. The founder of Currencies Direct, Mayank Patel, created the foreign exchange platform to give consumers and small businesses exchange options. This company currently employees about 300 workers and is run through its parent organization, the Azibo Group.

In 1999, Currencies Direct first opened up an overseas office. This first overseas branch in Costa Blanca, Spain laid the groundwork for future branches around the world. The foreign exchange broker worked to provide services and international payments to customers around the world. As a part of this mission, they opened a Sydney branch in 2003 and a South African branch in 2004. This string of new offices was continued in later years with new facilities in Mumbai, the United States and Melbourne.

New Opportunities

In 2006, Mayank began stepping away from the day-to-day running of the organization. The parent company, Azibo took over the reins and sought new business to acquire. Currencies Direct took over a majority Stake in Universal VAT Systems and started an online payment system known as I-PAYFX. To garner more customers, the company started the website, FX4Charity. Using this partner organization, Currencies Direct donated funds to charities for every FX payment that was completed.

Today, Currencies Direct operates offices in Portugal, the United Kingdom, South Africa, Spain, Canada and the United States. Users can take advantage of services like Risk Solutions, forward contracts, online payments and telegraphic transfer. Many of the consumers who use Currencies Direct are expats who live abroad and are buying a foreign home or are individual investors seeking easy access to the marketplace. Individuals use the company to pay for their overseas education, emigration, imports and regular payment transfers. Visitors to the United Kingdom can use Currencies Direct to receive their VAT refund within its Universal VAT Services subsidiary company.

Using Currencies Direct

As one of the top ranked foreign exchange companies in the United Kingdom, Currencies Direct works to combine foreign exchange and payments into one simple online process. Due to this intense dedication to their business, Currencies Direct was short-listed for the 2006 Business of the Year award and the 2007 Service Business of the Year award.

Consumers report that the company offers friendly and effective customer service. Their exchange rates are always lower than that offered at traditional banks and are normally quite favorable when compared to other foreign exchange companies. Currencies Direct provides clients with same day delivery service for their funds and accessible account managers. Overall, the company justifies its numerous awards with an open customer service policy and favorable exchange rates.