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Pelham Point are foreign exchange currency solutions specialists. We work on behalf of our clients to facilitate international foreign exchange payments through effective hedging strategies in a cost effective way. We have experience of working with a large range of clients both corporate and private individuals, and also offer partnerships for those who are looking to introduce clients. At Pelham Point we have over 20 years of experience in financial markets in the UK, with the last 12 focussed on the foreign exchange market which we are able to leverage to support our clients. About Us Carl Monopoli - Director Carl started his career in the city in Investment banking after he left school. Following on from investment banking Carl moved into inter-dealer brokering before being offered an opportunity to move into FX deliverables where he found his passion. Carl has spent 12 years working for FX brokers in both sales and dealing roles offering him an excellent insight into all areas of FX trading before founding Pelham Point in 2021.

Our execution implementation will allow you to take advantage of rates through a mixture of spot, forward and limit orders which will help you maximise the best possible prices in the open market.
 Our Strategy A spot trade, also known as a spot transaction, refers to either the purchase or sale of a financial instrument, in this case a foreign exchange contract. A forward contract is very simple. It is a legal binding contract to buy or sell a certain amount of currency at an agreed rate in the future. You would normally pay 5% of the money now, as a deposit, and agree to pay the remainder once the contract has expired. Spot Contract Forward Contract Limit order A limit order lets you set the rate at which you want to exchange your money from one currency to another. If that rate becomes available, the exchange will occur automatically. With a limit order in place, you won't need to monitor the market – you can sit back and wait for the trade to happen.

We will need to understand about your business activities and ownership structure to comply with regulations.

You will need to provide:
- Business registration and activity details including supporting documents
- Details of Directors and ultimate beneficial owners
- How you will use your account

It should take 10 minutes to complete if you have all information at hand. Any details you complete will be saved automatically for 7 days so you can close this window and return to this form anytime to pick up where you left off. At Pelham we understand that personal transfers are just as important and corporate transfers. If you are either buying or selling a property abroad, transferring money to overseas accounts, sending back to the UK or simply making a one-off payment, your account manager will be able to walk you through the process. Whether you’re just needing to make a quick transfer to a supplier or move funds between currency accounts. We will be able to offer you a competitive rate through our tier one banks with the best products fitted to your company’s requirements Private Corporate Private Application Form Corporate Application Form Open an Account with Pelham Point Receive currency from your customers into your own named collection account, using one account number for all currencies, in your own company or private name. Collection accounts: Named accounts: Collect and hold money in multiple currencies using currency accounts in your name. The funds can then be used to make onward payments in the same currency or converted into your preferred currency.

Security


Security and compliance are of paramount importance to Pelham Point. We adhere to strict, stringent regulations and have robust internal controls in place to safeguard your funds and minimise any risks to the business or your money. All transactions are initiated using a secure payment system which ensures each payment is approved internally by multiple users and processed by our Tier 1 banking partners.

We do not speculate on the currency markets or invest your money overnight. When you enter a transaction with us, we enter a matching, binding trade with our bank.

To comply with regulations, client money is held in segregated client 'safeguarding' accounts using our global Tier 1 banking partners. Therefore, all client funds are held separately from any company money or assets.

Pelham Point payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. 3rd Floor, 20 Dering Street, London, England, W1S 1AJ. Security of funds is paramount at Pelham Point. Currencycloud ensures that your funds are sent safely, swiftly, and securely to your beneficiaries’ accounts. The safeguarding of clients’ funds is with banks like Barclays Bank PLC.

Currencycloud adhere to all applicable regulatory requirements relating to both your personal data and the security of your funds.

All client Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.

The Currencycloud is authorised in the UK by the Financial Conduct Authority for the issuing of electronic money and the provision of payment services, under FCA registration number 900199.

Get in touch:

Call us: +44 (0)207 0825829