Access institutional-grade FX rates that reduce transaction costs and improve your margins.
As an institutional FX provider, Millbank FX trades billions each year through multiple liquidity providers. Allowing our clients to leverage our buying power and buy at wholesale FX rates.
Access to institutional FX rates is a significant advantage for corporates engaged in international trade. It allows you to exchange currencies at more competitive rates than those typically offered by retail banks. Institutional FX rates are usually reserved for large-scale market participants and provide better pricing. Which can substantially reduce transaction costs for businesses making frequent or high-value foreign exchange transactions.
Millbank FX offers corporates the ability to leverage our institutional buying power. By accessing our network of liquidity providers, we empower businesses to reduce currency conversion costs and focus their resources on growth and innovation.
Overview:
ModernElectronics is a global telecommunications wholesaler, distributing to Europe, USA and UAE.
The Challenge
Like many operators in the electronics industry, profit margins are compressed.
Traditional banks are usually unwelcoming to high turnover low margin business when they cannot cross sell into other products.
Non-bank counterparties and FX brokers will often offer initially attractive rates, that decline or get widened out over time.
Solution:
Evaluation of the corporates total annual requirements including currency pairs and trade volume.
Honest and transparent discuss over wallet share and future increase in currency flow.
A fixed and transparent pricing model with the opportunity to improve as the clients volume increases.
Results:
Access wholesale FX rate.
Improved Margins & Competitiveness.
Transparent and consistent pricing.
Safe, Reliable, and Regulated by the FCA
Millbank FX is authorised by the Financial Conduct Authority (FCA), ensuring your funds are safeguarded with the highest standards of security and reliability.
Safeguarded Funds
Your funds are held in safeguarded accounts, kept separate from operating funds, providing peace of mind with every transaction and an extra layer of security.
Secure and Trustworthy
Our advanced encryption and security protocols protect your data, ensuring every transaction is secure and handled with the highest level of integrity.
FCA Authorised
As a licensed payment institution, we meet rigorous regulatory standards and report to the Financial Conduct Authority (FCA), ensuring robust oversight and compliance.
Your profits don’t wait for stability. Neither should you.
Get a free FX strategy session & live rate check
With a Millbank FX Strategy Session, you’ll meet directly with our Chief Commercial Officer who will assess your payment flows, FX exposure, and current setup, then show you exactly where you could be saving.
In turn you’ll get a clear, no-jargon roadmap to:
Protect your profit margins with tailored hedging strategies
Stay ahead of market swings with live insight from real FX experts
Streamline your international payments in 120+ currencies
Already have a FX provider?
9 out of 10 businesses we meet are already using a provider and leaving money on the table—and they don’t even know it. And yes, you can open your account directly instead if you’re ready to move faster.
Choose your next step...
FCA Authorised
Wholesale Exchange Rates
Dedicated FX Dealer
Rapid 24/7 service
Beyond Institutional FX Rates
By working with us you’ll get access to our full suite of services.
Currency Risk Management
Customised and managed strategies to help you hedge against FX volatility.
International Payments
Ensure smooth global transactions with fast, secure payments across 120+ countries.
Market Order & Stop Losses
Set pre-determined orders that capture gains and minimise downside.
Multi-Currency Account
An account in your name to make and receive payments in 38 currencies.
FX Market Analysis
Leverage cutting edge technology to attain expert market data.
Get in Touch
Contact us to discuss how to protect you, your business and your profits.
Frequently asked questions
Institutional (wholesale) rates are exchange rates closer to those traded between financial institutions, rather than the retail rates and margins typically applied to business customers. Millbank FX aggregates client volume, which is what gives its clients access to wholesale pricing.
Pricing is based on your annual FX volume, the currencies you trade and the level of service you need — and it is agreed with you upfront, so you know your pricing before you trade rather than discovering it afterwards.
Access is based on annual FX volume rather than a fixed cut-off — businesses with around £1 million or more in annual currency exposure typically qualify. If your exposure is smaller, it's still worth a conversation: the practical test is whether wholesale pricing would make a meaningful difference to your current arrangement.
Pricing structures are reviewed as your trading volume develops, and can improve as volumes increase. Reviews happen with your dealer as part of the ongoing relationship rather than requiring renegotiation from scratch.
That depends on what your bank currently charges — which many businesses have never had confirmed in writing. Millbank FX offers a straightforward comparison: share a recent transaction and we'll show you, like for like, what the same trade would have cost at our agreed pricing.