WORLD FIRST CORPORATE SERVICES
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: English, French, German, Spanish, Greek, Turkish, Cantonese, Hakka (Chinese dialect), Afrikaans, Japanese, Russian, Zulu, Hindi, Bengali, Hebrew, Lithuanian and Tigrinyi
Advantages:
1. FSA Regulated at a Payment Institution, FSA guarantee on funds
2. Transparent pricing
3. Margin 0.1%-0.7% from interbank
4. Online, telephone, email dealing available
5. Direct Swift transfers (quicker receipt of funds)
6. Vanilla and Structured Options available
7. Advisory Service
8. Fix a rate up to 3 years in the future
9. Winners of Queen’s Award for Enterprise, International Trade category 2009 and listed in the 2009 Sunday Times Virgin Fast Track 100.
10. Settle via Direct Debit, Chaps, Bacs, Cheque
Disadvantages:
1. Your bank may charge you to transfer your funds to us, however the saving you will receive from working with us will more than negate this.
2. Transfers less than £10,000 can cost £10 for some clients
3. We cannot accept cash payments for anti-money laundering reasons.
Services:
1. Daily market updates / market close podcasts
2. Daily market video
3. Weekly updates
4. Monthly webinars
5. Rate watch service
6. Call orders
7. Firm orders
 
Regulatory Bodies:
1. World First UK Ltd is authorised and regulated by the Financial Services Authority as a Payment Institution
2. World First Markets Ltd is authorised and regulated by the Financial Services Authority
3. World First is regulated by HM Revenue & Customs as a Money Services Business
 
Registration Numbers:
1. World First UK Ltd FSA Firm Reference Number 502759
2. World First Markets Ltd FSA Firm Reference Number 477561
3. HM Revenue & Customs Registration Number 12164508

Established: 2004 FCA 502759
Spread/Margin: 0.1% - 0.7%
Costs/Fees: R 0
Rate Improved With Volume: Yes
Transfer Methods: South African Bank to Foreign Bank or vice versa
Transfer Speed: EUR & USD same day, AUD 1 day and rest 2-3 days
Transfer Minimum: R 12115

Trading Opening Times:
See website for details
Banking Facilities:
GBP accounts with: Barclays, HSBC, Citi and RBS
EUR accounts with:
Barclays Spain / France / London
Citi London
Bank of Ireland London / Belfast
Spot:
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. Orders Available
1. 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.
2. 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.
3. 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.
4. GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.
Forwards:
A forward contract enables you to exchange a specific amount of one currency for another on a future date, from 4 days to 2 years, at a predetermined rate. Depending on your agreement with World First you may need to pay a deposit, however this goes on to form part of your final settlement. This is most basic form of hedging. For more complex structures please refer to currency options from World First.
 
Orders Available:
 
1. 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.
2. 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.
3. 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.
4. 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.
Options:
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).
 
Orders Available:
 
1. 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.
2. 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.
3. 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.
4. Order: You can leave an "order" with us to transact on your behalf if a particular exchange rate is reached.
5. GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.
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:
 
1. 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).
2. 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.
3. 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.
 
Orders Available:
 
1. 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.
2. 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.
3. 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.
4. GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.
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. Transferring money abroad to cover running costs for an overseas property
4. 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.
 
Orders Available
 
1. 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.
2. 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.
3. 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.
4. Order: You can leave an "order" with us to transact on your behalf if a particular exchange rate is reached.
5. GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.
Speculative Trading:
Yes - Please ask for details on application
Currency Converter: Click Here >>

Security Statement:
See website for details
Terms and Conditions:

Number Of Currencies: 52
Currencies Available:
AED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CNH, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, ILS, INR, ISK, JMD, JOD, JPY, KES, KWD, LKR, LTL, MAD, MUR, MXN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, TZS, USD XCD, ZAR.
        
REVIEWS
World First (Which Way To Pay - 13/1/2014)
World First is ranked 5 out of 5. Based on 1 review.

5 Star Rating

News Charts

Always dreaming of that brand New car , Vehicle loans can help you achieve just that .
31 August 2018
Which Way To Pay
Vehicle Loans are there to help you to be able to purchase that new car
Read More >>
The south African Rand has been hit drastically with the recent Plunge of the Turkish Lira.
31 August 2018
Which Way To Pay
Our Homeland Currency South African Rand has taken a drastic hit with the Lira on the drop.
Read More >>
Everyone wants that special vehicle , but cant always afford it straight away
18 April 2017
Which Way To Pay
We all know its nice do drive a new car , but not everyone has the cash available , Vehicle loans are the answer
Read More >>
World First Corporate Services
World First Corporate Services