Broker review · Ranked 2nd
Currencies Direct review
The deepest review base of any broker in our table — 19,331 Trustpilot reviews at 4.8. What that means, and what it does not tell you.
Currencies Direct is a UK currency broker authorised by the Financial Conduct Authority (FRN 900669), holding 4.8 out of 5 on Trustpilot from 19,331 reviews — the largest review base of any broker in our comparison. It provides a dedicated account manager, charges no fees on most transfers, and offers forward contracts and market orders. It does not publish its exchange rate margin.
Currencies Direct at a glance
| Legal entity | Currencies Direct Ltd (Companies House 03041197) |
| Regulation | FCA-authorised · FRN 900669 |
| Established | Stated as 1996 (Companies House incorporation 3 April 1995) |
| Trustpilot | 4.8 from 19,331 reviews |
| Transfer fees | None on most transfers |
| Minimum transfer | Not published |
| Service model | Dedicated account manager, app, 24/7 |
| Forwards / market orders | Yes / Yes |
| Exchange rate margin | Not published |
Is Currencies Direct safe and regulated?
Currencies Direct Ltd is authorised by the Financial Conduct Authority under reference 900669 and is required to safeguard client funds separately from its own money. As with all payment and electronic money institutions, this is not the same as FSCS protection — there is no £85,000 government guarantee on a currency transfer. You can confirm its status on the FCA Register.
One small note our checks turned up: Currencies Direct states it was “established 1996,” while its Companies House record shows incorporation on 3 April 1995. A minor discrepancy, but we report what the primary sources say rather than smoothing it over.
What Currencies Direct does well
Its standout feature is evidence: 19,331 Trustpilot reviews at 4.8 is the largest review base of any broker in our table. No score here is supported by more customers, which makes the rating more meaningful than a higher score drawn from a few hundred reviews. It provides a dedicated account manager, an app, no fees on most transfers, and both forward contracts and market orders for managing rate risk.
Where Currencies Direct is limited
It does not publish a minimum transfer amount, and it does not publish its exchange rate margin — the number that determines what your transfer actually costs. On a large transfer the margin dwarfs any fee, so “no fees on most transfers” does not by itself make it the cheapest option. Request a live quote and compare it against another broker for the same amount within the same hour.
Frequently asked questions
Is Currencies Direct FCA regulated?
Yes. Currencies Direct Ltd is authorised by the FCA under reference 900669, with client funds safeguarded (not FSCS-protected).
How much does Currencies Direct cost?
It charges no fees on most transfers. Its exchange rate margin — its main source of revenue — is not published, so compare a live quote to judge the true cost.
Is a 4.8 from 19,331 reviews better than a 4.9 from a few hundred?
Arguably yes, on evidence. A slightly lower score backed by nearly 20,000 reviews reflects far more customer experience than a marginally higher score from a small sample.
Related
Compare Currencies Direct on our UK currency broker comparison and read how we rank on our methodology page. See also our reviews of TorFX and Moneycorp.
Last updated 15 July 2026 · Compiled and checked by Charlie Hinwick, ACCA. Nothing on this page is a personal recommendation or regulated financial advice. Figures are sourced from Currencies Direct, the FCA Register, Companies House and Trustpilot; verify current details with the provider before you transfer.