Interactive FX Gains API License in the UK

Interactive FX Gains API License in the UK

1 August, 2017

Interactive FX, the peer-to-peer online marketing exchange place and subsidiary of WISTHEM, has been granted the license to carry out payment service activities as an Authorised Payment Institution (API) in the United Kingdom. The API license has been granted as of 1 August, 2017.

By the authorization of the Financial Conduct Authority (FCA), Interactive FX now offers its UK-based private and enterprise clients the ability to exchange and transfer funds internationally in a much more cost-effective manner than traditional routes. Interactive FX has already garnered a significant user base in other parts of the world by streamlining the remittance and forex processes and allowing for simpler, more affordable, and thoroughly secure transactions.

 

Interactive FX UK Limited is headquartered in London, with offices in Switzerland and Hong Kong in order to extend the company’s reach to a global scale. Clients in England, Scotland, Wales, and Northern Ireland can now enjoy the market-leading services that Interactive FX offers, including:

  • A unique, secure, cloud-based platform that offers currency exchange and payment transfer services;
  • Low fixed fees, spread transparency, and the most competitive transfer rates of any institution;
  • A peer-to-peer marketplace that offers increased competitive exchange rates than those typically offered by foreign exchange companies;
  • Virtual real-time data feeds and pricing offers (compared to up to sixty-second delays provided by other major institutions);
  • The pre-paid currency card, a new way to spend money while still getting real exchange rates. Interactive FX will offer two types of card, the Euro card and the USD card.

Interactive FX boasts a robust, user-friendly platform with fully automated processes and a customer satisfaction rating of more than ninety percent. Our peer-to-peer rate setting service allows users to predetermine a rate at which they wish to exchange and be alerted, in real time, when the desired rate is reached. Alternatively, clients can choose to accept the “Best Rate Available Now” option, which ensures there is always the ability to exchange funds immediately.

No one understands better than Interactive FX just how complex and, at times, fragile the global economy can be. Using the extensive network of connections of its parent company within the commodities market, WISTHEM, Interactive FX is able to offer clients the most competitive transfer rates available.

Our mission at Interactive FX, above all else, is to align ourselves with the needs of our clients, and in doing so provide the respect, primacy and recognition that each deserves. We look forward to serving our UK-based clients for years to come.