Key Data

• Trading Name: Travel FX 
• Legal Entity: Travel FX Ltd/UKFX Holdings Ltd 
• Activities: Foreign Exchange
• Location: UK
• Regulations: regulated by the FCA
• Key People: Graham Harold Tennant 
• Latest news: TravelFX
• Latest update: September, 2024

Travel FX Ltd is a UK-based specialist foreign currency provider that offers a range of services such as buying and selling travel money, international money transfers, and currency buy-back services. They position themselves as an alternative to traditional banks, offering more competitive exchange rates and lower fees. Founded in 2008, Travel FX has grown into a leading name in the foreign exchange market due to its customer-centric approach and use of technology to streamline transactions.

Regulation

UKFX Holdings Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 901082).

Offering

• Currency Exchange: Travel FX allows customers to buy foreign currencies at competitive rates, with free delivery for orders over £750. They offer options to buy a variety of currencies, including Euros, US Dollars, and others, with secure and insured delivery through Royal Mail.
• International Transfers: They provide international money transfer services with lower fees compared to traditional banks. Transfers can be made quickly and securely, with funds often credited on the same day, thanks to the use of modern fintech solutions.
• Currency Buyback: Customers can also sell back unused foreign currency at favorable rates, offering a convenient way to dispose of leftover travel money after a trip.

Serving Industries

Travel FX primarily serves a wide range of customers within the UK, focusing on both individuals and businesses. Their services cater to:

1. Holidaymakers and Travelers: People traveling abroad for leisure or business who need to buy foreign currency in advance or exchange leftover money upon return.
2. Expats and Migrants: Individuals who need to transfer money overseas or receive international payments, often benefiting from Travel FX’s lower fees and competitive exchange rates compared to traditional banks.
3. Businesses: Companies involved in international trade or operations that require frequent foreign currency exchanges or payments abroad. This could include small and medium-sized enterprises (SMEs) looking for more cost-effective international transfer solutions​.
4. Digital Nomads and Freelancers: Those working remotely from different countries often use Travel FX for easy and low-cost international transactions.

Customer Reviews

• Trustpilot: 4,9 stars with 24.000+ Reviews

Key People

Graham Harold Tennant 

• Date of birth:

October 1975

• Nationality:

British/Australian

Conclusion and Rating

We rate Travel FX as “green” in both compliance and customer transparency. The company meets all necessary criteria and provides clear, comprehensive information.

1. Compliance: Travel FX is regulated by the Financial Conduct Authority (FCA) and adheres to strict guidelines to protect customer funds. These are held in segregated accounts with Tier 1 banks, ensuring full protection in case of insolvency​.
2. Customer Transparency: Travel FX clearly communicates its fees, rates, and services with no hidden costs. Customers are well-informed about exchange rates and any associated fees, particularly for additional services like special delivery options​.

By fulfilling both compliance and transparency standards, Travel FX is a trustworthy and secure option for foreign exchange and international money transfers.