Why DIY is not a good idea

February 16, 2022by admin

How hard can it be?

How hard can it be to check the currency exchange rates every day and decide when the right time to buy is?

A lot harder and more time consuming than people think.

Many people believe that Doing It Yourself is a much more efficient, cheaper and generally better option than engaging a company like Optimal Currency for their foreign exchange.

Of course, you can Do It Yourself, but that doesn’t mean you are going to do it well.

With Optimal Currency you are not just engaging us to make a transaction for you, whether that is to purchase a holiday home abroad or pay export and import fees for your business. Engaging us is to hire experts in foreign currency exchange. You are gaining access to our expertise, our experience and 1-2-1 real-time guidance that you simply won’t get on Google.

Why hire Optimal Currency?

  • Experience – The team at Optimal Currency are experienced in the foreign exchange market and know exactly what to look for and which signs are worthy of concern.
  • Dedicated Broker – Why do it yourself when you can work with a specialist broker who will be dedicated to your project and will be available for advice on the types of transfer you can make, to answer all your questions and to get you the most competitive rate available.
  • Fixed-Rate – By going through Optimal Currency, once you have decided to buy you can fix the rate for up to two years ensuring you know the rate you will be getting whenever the transfers need to happen. If you Do It Yourself, the rate will change for every payment you make, and you will have to do all the same research for each transaction.
  • Legwork – When sourcing the best rates for foreign currency exchange our experienced brokers have access to the industry specialists, including three different liquidity providers, meaning we can shop around for different rates on different trades so our rates are more competitive than high street exchange providers.
  • Commitment – If you decide to Do It Yourself you need to make the commitment to check rates every day across multiple providers, keep abreast of current affairs as that can affect exchange rates, as well as pick the right time to buy. By engaging Optimal Currency, you don’t need to worry, all the legwork is done for you, and our commitment to you is to get the most competitive rate available.

By hiring Optimal Currency for your foreign exchange transactions not only will you save yourself time and effort, you will have the peace of mind that we are working on your behalf to get you the most competitive rates available, ultimately saving your money. You will be kept in the loop at all times and will have access via email, phone and Whatsapp to your dedicated broker with no need to go through impersonal call centres.

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OPTIMAL Why Work With Us?
Our ethos is to nurture long term relationships with our clients and partners. Over 90% of our new customers are direct referrals or recommendations. Our aim is that after trading with us every customer is happy to refer a friend or family member and leave a 5-star review.
NEED SOME HELPContact Our Team
Here to help with all your currency needs.
https://optimalcurrency.co.uk/wp-content/uploads/2022/03/Optimal-Currency-Logo-Portrait.svg
OPTIMAL Why Work With Us?
Our ethos is to nurture long term relationships with our clients and partners. Over 90% of our new customers are direct referrals or recommendations. Our aim is that after trading with us every customer is happy to refer a friend or family member and leave a 5-star review.
NEED SOME HELPContact Our Team
Here to help with all your currency needs.

© Optimal Currency Limited. All rights reserved.

Optimal Currency Limited is registered in England and Wales under company number 11627191, registered office 13 Upper High Street, Thame, Oxfordshire, England, OX9 3ER. Optimal Currency Limited is authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Payment Institution with Firm Reference Number (FRN) 830790. Optimal Currency’s registered offices are located at 13 Upper High Street, Thame, OX9 3ER.  We are supervised by the FCA for compliance with the Money Laundering Regulations (MLR).

At Optimal Currency, we always seek to register our clients directly under our own license wherever possible. However, in certain circumstances—such as specific currency requirements, jurisdictional regulations, or technology solutions make it more efficient—we may place clients with one of our carefully selected partner institutions. Each partner has been rigorously vetted to ensure they meet our high standards of service, security, and technology integration. This approach allows us to deliver a seamless, compliant, and first-class currency experience no matter where you are based.

If you would like to confirm which partner you are registered with, please contact your dedicated currency broker.

Clients that we service via Ebury

Optimal Currency’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Limited (EPUK) is an Authorised Electronic Money Institution (Financial Services Register No. 900797) and is licensed to provide payment services including FX spots and FX Forwards for the commercial purpose of the facilitation of payments for identifiable goods or services and direct investments. Ebury Partners UK Limited is registered with the Information Commissioner’s Office, with registration number: ZA345828.

Clients that we service via Equals

Equals Money Plc is registered in England & Wales No. 05539698. Equals Money Plc is part of Equals Group Limited (Registered in England & Wales No. 08922461). Registered Office: 3rd Floor, Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Money Plc is authorised by the Financial Conduct Authority to provide payment services (FCA No. 488396).

Clients that we service via GC Partners

Global Currency Exchange Network Ltd trading as GC Partners is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services (Firm Reference Number 504346). Global Currency Exchange Network Ltd trading as GC Partners is an Authorised Payment Institution (API) that puts the security and protection of your money at the core of our business. GC Partners are regulated by HM Revenue & Customs (HMRC) under the Anti Money Laundering Regulations 2017. Registration number 12137189.

Clients that we service via Sciopay

Foreign Exchange and Payment Services for customers introduced by Optimal Currency Limited to Sciopay Ltd are provided solely by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales with Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB) with Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution with Firm Reference Number: 927951.

© Optimal Currency Limited. All rights reserved.

Optimal Currency Limited is registered in England and Wales under company number 11627191, registered office 13 Upper High Street, Thame, Oxfordshire, England, OX9 3ER. Optimal Currency Limited is authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Payment Institution with Firm Reference Number (FRN) 830790. Optimal Currency’s registered offices are located at 13 Upper High Street, Thame, OX9 3ER.  We are supervised by the FCA for compliance with the Money Laundering Regulations (MLR).

At Optimal Currency, we always seek to register our clients directly under our own license wherever possible. However, in certain circumstances—such as specific currency requirements, jurisdictional regulations, or technology solutions make it more efficient—we may place clients with one of our carefully selected partner institutions. Each partner has been rigorously vetted to ensure they meet our high standards of service, security, and technology integration. This approach allows us to deliver a seamless, compliant, and first-class currency experience no matter where you are based.

If you would like to confirm which partner you are registered with, please contact your dedicated currency broker.

Clients that we service via Ebury

Optimal Currency’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Limited (EPUK) is an Authorised Electronic Money Institution (Financial Services Register No. 900797) and is licensed to provide payment services including FX spots and FX Forwards for the commercial purpose of the facilitation of payments for identifiable goods or services and direct investments. Ebury Partners UK Limited is registered with the Information Commissioner’s Office, with registration number: ZA345828.

Clients that we service via Equals

Equals Money Plc is registered in England & Wales No. 05539698. Equals Money Plc is part of Equals Group Limited (Registered in England & Wales No. 08922461). Registered Office: 3rd Floor, Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Money Plc is authorised by the Financial Conduct Authority to provide payment services (FCA No. 488396).

Clients that we service via GC Partners

Global Currency Exchange Network Ltd trading as GC Partners is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services (Firm Reference Number 504346). Global Currency Exchange Network Ltd trading as GC Partners is an Authorised Payment Institution (API) that puts the security and protection of your money at the core of our business. GC Partners are regulated by HM Revenue & Customs (HMRC) under the Anti Money Laundering Regulations 2017. Registration number 12137189.

Clients that we service via Sciopay

Foreign Exchange and Payment Services for customers introduced by Optimal Currency Limited to Sciopay Ltd are provided solely by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales with Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB) with Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution with Firm Reference Number: 927951.