FIRMA foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://firmafx.co.uk/, about the company's legal and temporary regulatory information, the company's address 10205 101 Street NW, Suite 400 Edmonton, AB, Canada T5J 4H5.
FIRMA Forex Broker
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business United Kingdom Payment License Revoked Suspicious Overrun High potential riskCompany profile
FIRMA Information
Under OFX, FIRMA offers worldwide payment and currency exchange services for both personal and business customers. FIRMA serves both individual clients and businesses with worldwide payment needs with products ranging from multi-currency accounts to mass payment systems to tools for managing currency risk.
Pros and Cons
| Pros | Cons |
| Offers multi-currency accounts | Licence is currently revoked |
| Various transfer options, including app access | Exchange rate margins can vary |
| 24/7 customer support |
Is FIRMA Legit?
Under a Payment Licence, the Financial Conduct Authority (FCA) in United Kingdom oversaw FIRMA Foreign Exchange Corporation. Effective from May 3, 2018, the licence number was 541034; it expires May 2, 2024. But the licence status is **Revoked** right now, meaning FIRMA no longer has an active FCA licence to offer regulated financial services in the UK.
Product and Service
FIRMA offers several foreign currency and worldwide payment options. Key products are multi-currency accounts, foreign payments, tools for managing currencies, and services especially tailored for companies like paying suppliers and employees abroad.
FIRMA provides tools like marketplace payments and Xero connection, thereby supporting e-commerce activities as well.
| Product and Service | Supported |
| Foreign Exchange (FX) | ✔ |
| Multi-Currency Account | ✔ |
| International Business Payments | ✔ |
| Currency Risk Management | ✔ |
| Mass Payment Solutions | ✔ |
| Marketplace Payments | ✔ |
| Xero Integration | ✔ |
FIRMA Fees
Applying their own margin on the interbank exchange rate, FIRMA, via OFX provides currency exchange services with fees and margins possibly less than those of conventional banks. The transaction method, the kind of account, and the exchange rates at the time of transfer will all affect the precise expenses.
| Fee Type | Features |
| Exchange Rate Margin | FIRMA applies a margin to the interbank rate, which can differ from rates typically offered by banks. |
| Currency Exchange Rates | Based on the interbank rate with added margins as per OFXs customer rates instead of direct market rates. |
| Introductory Rate | Available for new UK customers on the first personal transfer for specific currencies, subject to terms. |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| FIRMA Mobile App (OFX) | ✔ | iOS, Android | Users looking for mobile access to exchange rates and transfers on-the-go. |
| FIRMA Web Platform (OFX) | ✔ | Web | Users preferring browser-based access with full platform features for currency exchange and transfers. |
Rating Index
FIRMA Similarly Rated Brokers
Latest Reviews
Tay1
Turkey
believe this company at your own risk, I had a terrible experience with them, unable to withdraw my profits and initial deposit till my name here intervened.
Exposure
2022-09-12
lz
South Africa
They got one of the best customer services, unlike other brokers. FIRMA customer service answers any questions promptly and professionally. The platform looks very easy to navigate even for novice traders, you can easily find your way around.
Positive
2023-02-27