Services | SimpleFX

Spot exchange & international payments

Pay trusted recipients, almost anywhere.

Exchange at today's rate with settlement in major currencies within 24 hours, and same day on certain currency pairs. Pay suppliers, contractors and staff abroad in their own currency, one-off or on a schedule that suits your cash flow. Book with your dealer, or do it yourself on the online platform.

140+ currencies, almost every countryFrom US dollars and euros to emerging-market currencies.
One-off or recurringPay a supplier once, or set up regular payroll and vendor runs.
New payees verifiedBy phone when you email them to us, or multi-factor authentication when you add them on the platform.
Fast spot settlementMajor currencies within 24 hours, same day on certain pairs.
Clear pricing up frontYou see the rate before you commit. No surprises after.

Talk to a dealer

1Tell us who you payThe supplier, country and currency.

2Get your rateYour dealer quotes it and talks you through it.

3Confirm your wayBy phone, by email or on the easy online platform. The choice is yours.

4Funds on their wayTrack it through to your supplier.

FX risk management

Currency moves shouldn't decide your profit.

If you buy or sell in another currency, a 3% swing can wipe out a month's margin. Three simple tools put you back in control. We explain each one before you use it.

Forward contract

Know your cost today.

Agree on an exchange rate now for a payment you'll make later, up to 36 months ahead. Whatever the market does, your rate doesn't change.

Example

You owe a supplier in Germany €200,000 in 90 days. Lock the rate today and you know exactly what it costs in Canadian dollars, so you can price your product with confidence.

Market rateYour locked rate

Fixed cost for budgeting and pricing

No surprises on payment day

Option

Protection with a door left open.

Set a worst-case rate you're protected at. If the market moves in your favour, you can still benefit. Think of it like insurance on your exchange rate.

Example

You expect US$500,000 in sales next quarter. An option protects you if the US dollar falls, while still letting you gain if it rises.

Market rateYour protected floor

A worst case you can plan around

Still benefit from good moves

Limit order

Set your target. We'll watch the market.

Tell us the rate you want. If the market reaches it, your currency is bought automatically, day or night, so you don't have to watch screens.

Example

You need to pay ¥20 million later this month and want a better rate than today. Set a target and your order fills the moment the market gets there.

Market rateYour target, filled

Buy at the rate you chose

No need to watch the market

Your currency risk

What could a currency swing cost you this year?

Move the sliders. If you buy or sell in another currency, this is the money that's riding on the exchange rate right now.

How much do you pay or receive in US dollars each year?

CA$1,000,000

From CA$100,000 to CA$20 million a year.

Which currency?

If the exchange rate moves by

5%

Pick any move from 0.5% to 15%.

Unprotected, your cost could swing by

CA$50,000

That's about CA$4,167 a month in US dollars, up or down, decided by the market instead of by you.

Where your cost could land, unprotectedYour cost with a forward contract

With a forward contract, that line goes flat. You know your cost today and price with confidence.

Walk through my numbers

A simple illustration: yearly amount multiplied by the rate move. It isn't a quote, a forecast or financial advice. Your dealer will walk you through real options for your business.

A verified supplier invoice paid to Shenzhen

Multi-currency collections

Get paid like a local.

Named business accounts in 30 currencies. Your customers pay you in their own currency, as if you had a local bank account, and you decide when to convert.

Named accounts in 30 currenciesAccount details in your company's name.
Hold, pay out or convertUse foreign funds to pay suppliers, or convert when the rate suits you.
Ideal for US and international salesCollect USD and other currencies, and receive local payment rails such as ACH in the US and SEPA in the EU.
Fewer conversionsPay and receive in the same currency where you can.

Open the conversation

Why SimpleFX

Not a bank. Not an app. A dedicated dealer who knows you.

Banks are slow and far away. Apps are fast but faceless. SimpleFX gives you the tools of a big FX provider with real people behind every trade, and an easy online platform when you want to do it yourself.

What you get

Big banks

FX apps

A dedicated dealer you can call by nameSomeone who knows your business

New payees confirmed by phone or MFAStops email fraud before money moves

Forwards, options and limit ordersTools to protect your margin

Advice in plain EnglishClear options before you book

140+ currencies, almost every countryPay and get paid almost anywhere

Named business accounts in 30 currenciesGet paid like a local

Yes Sometimes Usually notGeneral comparison. Individual banks and apps vary.

Three services. No noise.

Pay trusted recipients, almost anywhere.

Currency moves shouldn't decide your profit.

Know your cost today.

Protection with a door left open.

Set your target. We'll watch the market.

What could a currency swing cost you this year?

Get paid like a local.

Not a bank. Not an app. A dedicated dealer who knows you.

Find out what you could save on your next payment.