World First Corporate Services (Foreign Exchange Corporate)
Whatever your foreign exchange needs, World First is the UK's leading foreign exchange broker, offering private individuals & companies the ability to achieve significantly better currency exchange rates with exceptional service levels. With headquarters in London and offices in Australia, Hong Kong, Singapore and The USA. World First was the first foreign exchange broker FSA authorised to offer 'currency options' (hedging strategies). World First promise the best exchange rates, and an exceptional service that is fast, easy and secure. They can offer rates that are better than the banks because they take a smaller margin. World First is a large, safe organisation that offer the highest level of personal service.
Credit Rating: 3A1 D&B Rating
Location: UK, USA, Australia, Singapore, Hong Kong
Languages: French, German, Spanish, Greek, Turkish, Cantonese, Hakka (Chinese dialect), Afrikaans, Japanese, Russian, Zulu, Hindi, Bengali, Hebrew, Lithuanian and Tigrinyi
1. Margin 0.25%-1% from spot rate guaranteed
2. Compared with banks, our rates can usually save you between 0.5% and 3% of the amount transacted ie up to $6000 on a $200000 transfer.
3. We keep you in touch with the status of your transfer and notify you at every stage of the process.
4. We can offer you forward contracts and other hedging options to protect you from currency movements and to fix the exchange rate for a transaction up to 3 years in the future.
5. Minimum one-off transfer $1000.
6. Minimum regular transfer $250.
7. No commission and no transfer fees for amounts over $5000.
1. We will need to undertake an ID / company check as part of the account opening process for both private and corporate clients respectively.
2. Your bank may charge you to transfer your funds to us, although the saving you will receive from using us will more than negate this.
1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders.
6. Hedging strategies.
7. Currency Options.
Orders Available Stop Loss Order: A stop loss order is a means of limiting your risk from adverse exchange rates. A currency level is set. If that currency level is reached, the trade is automatically executed in the market. The currency level used for a stop loss order is always worse than the current market price. This is a way to protect yourself from adverse changes in exchange rates without needing to constantly monitor the rate.
Take Profit Order: Like a stop loss order, a take profit order first involves setting a currency level. Once that currency level is reached, the trade is executed in the market. The currency level used for a take profit order is always better than the current market price. This is a way to capitalise on improvements in exchange rates without needing to constantly monitor the rate.
OCO - "One Cancels Other": A combination of a 'Stop Loss' order and a 'Take Profit' order. When one of these two orders is executed, the other order is automatically cancelled. Order: You can leave an "order" with us to transact on your behalf if a particular exchange rate is reached.
GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.

Established: 2005 FCA 502759
Spread/Margin: 0.1% - 0.7%
Costs/Fees: $0
Rate Improved With Volume: Yes
Transfer Methods: bank to foreign bank or vice versa
Transfer Speed: EUR & USD same day, AUD 1 day and rest 2-3 days
Transfer Minimum: $250

Trading Opening Times:
UK Office
08.00-18.30 (Monday – Thursday)
08.00-18.00 (Friday)
Australia Office
08.00-18.30 (Monday – Thursday)
08.00-17.30 (Friday)
Banking Facilities:
GBP accounts with: Barclays, HSBC, Citi and RBS
EUR accounts with:
Barclays Spain / France / London
Citi London
Bank of Ireland London / Belfast
A spot transaction is the exchange of one currency for another at a specified rate for settlement in two working days. There are no associated costs with spot transactions. If you transfer funds via CHAPS you may be charged a fee, this depends on your agreement with your bank.
World First will make a payment to your requested bank account on the agreed forward date, as long as World First has received your funds. You can fix a forward exchange rate for any period from 3 days up to 1 year in advance. A deposit of between 3% - 10% of the amount of the deal is required for a forward contract. This must be received within 3 days of the forward contract being agreed. In order to guarantee delivery of funds on the settlement date, it is recommended that you settle the outstanding balance on the contract 2 working days before the contract is due to settle. This type of contract is ideal if you want to fix a rate now, but will not be making immediate payment. e.g. fixing a pound sterling to euro exchange rate today for transfer on a future date.
Flexible Forward Contract
Also known as a "time option", this type of contract is similar to a forward contract but allows you to make and receive the pre-agreed payments early if required. This type of contract is ideal if you know you need to purchase a foreign currency, wish to fix the exchange rate now but are not sure of the exact settlement date.
A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).
Hedging Services:
World First Markets Ltd offers a range of hedging strategies (currency options) to enable you to manage exchange rate fluctuations. These strategies are tailored to fit your exposure, currency forecast and risk level. They usually enable you to protect yourself from adverse rate movements but benefit from favourable exchange rate moves.
The three most widely used strategies are:
A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).
Participating forward: this provides a guaranteed worst case rate for the full transaction amount, like a forward contract. However it also provides the ability to ‘participate’ for 50% of the amount in any favourable exchange rate move.
Risk reversal: this provides the ability to fix a worst case rate for a currency purchase, like a forward contract. However you can benefit 100% in any favourable move up to a pre-determined best case exchange rate. There is a reduced premium for this option.
Financial Advisory Service:
World First Advisory Services will make sure your foreign exchange providers are giving you the right information, charging you a fair and competitive price and enabling you to get the most out of your foreign exchange requirements. Most importantly, our experts are totally independent from any dealing desk. Their sole purpose is to give you clear and transparent information that benefits you.
World First’s Advisory Services have put together a variety of options to suit your needs. These can delivered as standalone services or grouped as a package.
Price Check – ensure the rates you are receiving for your spot, forward and options contracts are competitive and fair. This service costs £250-£500 per month.
Economic Advice – concise interpretation of the constant stream of market information and data tailored to suit your currency needs. This service costs £250-£500 per month.
Hedging Advice – unbiased, independent advice on hedging contracts taking into account factors such as your risk appetite, suitability for purpose and fit with your strategy. We will also check the level of profit made inside each deal is competitive. This service costs £500-£750 per month.
Advisory Services gives you access to one of the most experienced currency options teams in the UK. The two key features of our service are:
1. Open pricing policy – you pay for what you need
2. No minimum sign-up period
Regular Payments:
World First offers special reduced payment fees and fixed rates for regular transfers.
This is ideal if you are:
1. Paying for an overseas mortgage
2. Working abroad and transferring your salary
3. Living abroad but receiving a UK pension
4. Transferring money abroad to cover running costs for an overseas property
5. Paying tuition, university or school fees
If you’re making regular overseas payments through your bank, you’re probably paying high charges and receiving a different amount each month. We offer a regular overseas payments service that has no or very low fees and that enables you to fix the amount you receive with each payment. Our payment plans are hassle-free, cost-effective and can be set up for any regularity.
Online Trading Platform: Click Here >>
World First’s online platform Xchange allows you to manage all your foreign exchange transactions and payments. This platform makes it fast, easy and secure to manage your currency exchange requirements.
Xchange offers you the ability to:
1. View live rates.
2. Make payments to almost any country globally.
3. Access your balance instantly.
4. Track payments online.
5. Access our economic research.
There are no hidden charges. You can log in from anywhere, anytime and your beneficiary details are stored making it easy for you to take control of your dealings.
Speculative Trading:
Yes - Please ask for details on application
Currency Converter: Click Here >>

Security Statement:
Security is always of the highest importance when transferring large sums of money. Your money is completely safe with World First. We are regulated by HM Revenue & Customs as a Money Services Business. All funds sent to us are held in segregated client accounts that are only used for client transactions and are totally separate from our business accounts.
Terms and Conditions:

Number Of Currencies: 52
Currencies Available:
World First Corporate Services (Which Way To Pay - 2/12/2010)
World First Corporate Services is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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World First Corporate Services
World First Corporate Services