Millbank FX Review SummaryFounded2016Registered Country/RegionUnited KindomRegulationExceeded(FCA)ServicesFX Risk Management, International Payments, Multi-Currency Accounts, FX Market Analysis, Institutional FX RatesDemo Account❌Exchange ratesInstitutional-grade rates(1.2003 for GBP to EUR conversions)Customer SupportEmail: support@millbankfx.com,Phone: +44 (0) 203 889 884024/7 live chat: yesPhysical Address: 46 Gresham Street, London, EC2V 7AYMillbank FX Information Payment institution Millbank FX provides customised FX solutions to companies all around the world. The business offers international payments, institutional FX rate access, and currency risk management. Having knowledge in 22 different fields, Millbank FX handles over 80 currencies and makes payments to 120+ countries, guaranteeing safe and reasonably priced transactions for businesses all around.Pros and ConsProsConsAccess to 80+ currencies in 120+ countriesNo demo account available for practice2 accounts for corporate and private clientsExceeded licenseReceive payments in 38 currenciesIs Millbank Legit or not? Millbank has an exceeded license provided by FCA.Regulatory AgencyFinancial Conduct Authority (FCA)Current StatusExceededLicense TypePayment LicenseRegulated ByUnited KingdomLicense No.787366Licensed InstitutionMILLBANK FX LIMITEDEffective Date2018/2/8What Service Does Millbank FX Provide? Emphasizing currency management and foreign payments, Millbank FX specializes in services catered to companies and individuals.Service TypeSupportedCurrency Risk Management✔International Payments✔Multi-Currency Accounts✔FX Market Analysis✔Institutional FX Rates✔Market Orders & Stop Losses✔Currency Risk Management: offers specifically designed hedging techniques to reduce volatility in exchange rates and safeguard profit margins.International Payments: provides priced worldwide transactions in more than 80 currencies spread across more than 120 countries.Multi-Currency Account: provides centralized solutions for handling of 38 currencies, therefore lightening administrative tasks.Institutional FX Rates: gives wholesale FX rates access, reducing transaction costs for either regular or high-value transactions.Market Orders & Stop Losses: provides some insurance against negative market fluctuations and targets aimed at particular currency rates.FX Market Analysis: Provides real-time insights and thorough data to back up decisions.Account Types Millbank FX offers two types of accounts: corporate and private.CorporateDesigned for businesses requiring high-volume FX transactionsPrivateTailored for individual clients managing personal FX needsMillbank FX Fees With institutional-grade exchange rates, including 1.2003 for GBP to EUR conversions, Millbank FX generates a recipient amount of €600,150 for £500,000.Fee TypeDetailsExchange RateExample: 1.2003 (GBP to EUR conversion)Recipient Gets€600,150 for £500,000