1. What are the benefits of using Parasol FX?

Parasol FX is able to offer excellent foreign currency exchange rates to its clients; we achieve this by offering ‘wholesale’ rates compared to the banks ‘retail’ rates. Our aim is to give a simple easy to use service ensuring our clients have total peace of mind at all times.

2. How can I start to use the Parasol FX service?

All you need to do to start placing your order with Parasol FX is to complete and send back a copy of the account registration form, making sure you enclose all the necessary identification. You can either download a copy from our website or if you contact us by phone we will happily post or fax it to you.

3. How long will it take before I can trade?

As soon as we receive your completed forms the process will take about an hour.

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4. How will I pay?

There are several ways to pay: BACS, CHAPS / telegraphic transfer. N.B. We can not accept cash or cheques as payment.

5. What happens to my money?

Payments will be held in a segregated client account with Lloyds Bank plc.

6. How will I receive my Currency?

Once your payment has been cleared, your foreign currency will be transferred to your selected account by CHAPS payment. NOTE: Some overseas banks may charge to receive funds.

7. How many times can I use this service?

You can make as many transactions as you need, once you have opened an account with us all you need to do is pick up the phone.

8. When will I know when to deal?

Your account manager will contact you on a regular basis to discuss the market.

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