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: French, German, Spanish, Greek, Turkish, Cantonese, Hakka (Chinese dialect), Afrikaans, Japanese, Russian, Zulu, Hindi, Bengali, Hebrew, Lithuanian and Tigrinyi
Advantages:
1. Spread margin .75% maximum from the interbank spot rate.
2. Potentially when compared to transferring via a traditional bank, we can save clients up to 3% of the transaction amount. That is $3,000, per $100,000 transferred.
3. Our online application process is simple and painless.
4. We do not charge any transaction fees.
5. We keep clients well informed of the progress of their transaction at all times.
6. Clients can leave orders with us to target a specific exchange rate. Unlike a bank, we will watch orders of very small amounts.
7. We are proudly Australasian based and independently owned and operated. We are specialists in the antipodean currencies.
8. Our weekly FX commentary is written in plain and easy to understand language. It gives a broad market overview and covers 13 different currency pairs that are of interest to our clients. We encourage clients to offer it to anyone with an overall interest in the financial markets. You do not have to be a client to enjoy this great commentary.
9. We are able to offer you in depth market knowledge. Our dealers have over 200 years experience between them, and facilitate over 140 billion USD worth of foreign exchange per annum.
10. We offer a more intimate service than many provides. We are not a global behemoth, or a bank in sheep’s clothing that does not appreciate your business. Our aim is to make clients feel comfortable when making transactions by clear and transparent pricing, great market information and the easy going nature of our dealers. Our ever growing list of testimonials, speak for themselves. Keep it local.
Disadvantages:
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.
Services:
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 ASIC - AFS 302061
Spread/Margin: 0.1% - 0.7%
Costs/Fees: $0.00
Rate Improved With Volume: Yes
Transfer Methods: Australia bank to foreign bank or vice versa
Transfer Speed: EUR & USD next day, 2-5 days any other currency
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
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.
Forwards:
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.
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).
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:
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).
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:
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

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World First Corporate Services
World First Corporate Services