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Foremost Currency Group Review

Reviews 1,018
Foremost Currency Group
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Foremost Currency Group
Foremost Currency Group
Excellent
Reviews 1,018
Michael Graw
Jul. 26, 2021
2 min read
Michael Graw
Foremost Currency Group Summary
Foremost Currency Group is an online money transfer service that supports more than 40 currencies and 120 countries. The platform offers quickspot transfers, forward contracts, and limit orders so you can always get the exchange rate that’s right for you. There are no transfer fees or commissions, and no maximum transfer limit for transactions made over the phone. Most transfers are completed on the same day.

Pros

  • No transfer fees or commissions
  • Transfer any amount by phone
  • 24/7 transfers available online

Cons

  • Must open an account to view exchange rates
  • £50,000 maximum for online transfers

Foremost Currency Group at a glance

8.4
Editorial score

Fees?

No transfer fees
10.0

Transfer time

Within 2 working days
8.0

Customer service

Award winning, personalized customer service with phone transfers available
10.0

Security

Regulated and encrypted secure transfers
8.0

Online and mobile experience

User friendly site, no app
6.0

Foremost Currency Group Foremost Currency Group Visit Site

Foremost Currency Group Fees and Rates

Foremost Currency Group doesn’t charge any fees or commissions for most transfers. Instead of charging fees, Foremost Currency Group makes money by offering an exchange rate slightly below the market exchange rate for your transaction. We found that this generally comes out to around a 1% fee, although it varies slightly based on what currencies you’re exchanging. For example, transferring Pounds to Euros incurs an exchange fee of around 1.35%.

How Does It Work?

Foremost Currency Group offers several ways to exchange and transfer money. A simple option is a spot exchange, in which you change one currency for another at the current market rate. You can also set up recurring transfers on a daily, weekly, or monthly schedule.

The service also gives you several ways to maximize your exchange rate based on market conditions. You can use forward contracts to lock in the current exchange rate for up to 2 years, and just put 10% down at the time you purchase the contract. Foremost Currency Group also offers limit and stop-loss orders, which are triggered when the exchange rate rises or falls to a predetermined level.

You can request a quote from Foremost Currency Group at any time using the company’s website. However, you’ll have to create an account in order to view your exchange rate offer online. If you don’t have an account, a representative from the company will call you to deliver your offer. You can make transfers online 24/7 or over the phone 5 days a week.

Here’s how to send money with Foremost Currency Group:

  1. Request a quote for your transfer online
  2. Create an account to view your exchange rate
  3. Complete your transfer online or over the phone

How Long Does It Take?

Most money transfers with Foremost Currency Group take 1-3 business days to complete, depending on the countries you are sending money to and from. Tracking isn’t included with your transfer, but you can request an SMS confirmation or proof of payment for an extra fee.

Foremost Currency Group Top Highlights

  • No transfer fees or commissions
  • Supports 40+ currencies and 120 countries
  • Low 1% exchange margin
  • No transfer limit over the phone
  • Transfers completed in 1-3 business days
  • Set up recurring transfers
  • Use forward contracts, limit orders, and stop-loss orders

Customer Support

Customer support from Foremost Currency Group is available by phone and email from 8:30 AM to 6:00 PM Monday-Thursday and from 8:30 AM to 5:30 PM Friday GMT. If you want to initiate a transfer outside of these hours, you can do so by creating an online account.

Phone: 01 442 892 060

Email: info@fcgworld.co.uk

Privacy and Security

Foremost Currency Group is regulated by the UK’s Financial Conduct Authority and holds all client funds in a segregated bank account. The company uses SSL encryption to protect your account information when initiating a money transfer online and offers tips on how to keep your accounts secure. In addition, Foremost Currency Group complies fully with the General Data Protection Regulation (GDPR).

Summary

Foremost Currency Group is an online money transfer service that supports more than 40 different currencies. This platform charges no fees or commissions, and the exchange rate margin is just 1% for most transfers. Importantly, Foremost Currency Group doesn’t limit how much money you can transfer over the phone. This company also stands out for offering spot transfers, forward contracts, and limit and stop-loss orders to take advantage of variable exchange rates. 

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Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Trustpilot reviews
See what some customers are saying about Foremost Currency Group
Excellent • Reviews 1,018
on
Excellent
94%
Great
5%
Average
0%
Poor
0%
Bad
1%
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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El
Eleanor
6 months ago
Very quick response
Very quick response. Efficient and friendly.
ge
gill ellerton
6 months ago
Couldn't fault the company
Couldn't fault the company. Quick response and brilliant customer service. Thanks for everything
ja
jon akhurst
7 months ago
Good service Always 👍
Good service everything. Big transactions and small. UK company and polite professionals. I trust them with my money . Thanks guys
Mi
Mike
7 months ago
An excellent and very professional…
An excellent and very professional company, I would highly reccomend. Many Thanks Angus
MN
Mr Nelson
8 months ago
Highly recommended
The customer services mangers I have dealt with over the past few years have been very helpful and have provided a first class service. Their advice has always been useful and tailored to my specific requirements whether it has been to move large amounts of currency or to transfer smaller more regular sums.
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