The foreign exchange service industry covers a broad range of companies, from large financial institutions to specialized startups. These companies offer services linked to currencies and their exchange - be it for travel, business, or investment purposes. They enable the conversion and transfer of money across borders, facilitating global commerce. The forex trading subset of this industry offers a platform for investors to take part in the world's largest financial market. The industry has seen an increase in online platforms and technologies that have democratized access to these services. In the future, it is expected that digitalization, decentralized finance, and blockchain may create new possibilities within the foreign exchange service industry.


Top 23 Foreign Exchange Service Companies

1. Fxcm

  • Website: fxcm.com
  • Headquarters: London, London, United States
  • Founded: 1999
  • Headcount: 501-1000
  • Latest funding type: Ipo
  • LinkedIn

FXCM is a global broker offering Forex trading services to retail investors. With offices in different countries and regulated by various authorities, they provide access to a large, liquid market with potential for gains.


2. UAE Exchange India

UAE Exchange India is a company that provides various financial services to individuals and businesses. They offer services such as currency exchange, money transfer, travel cards, and insurance solutions. With a focus on customer satisfaction, UAE Exchange India aims to provide reliable and convenient financial solutions.


3. Oanda

  • Website: oanda.com
  • Headquarters: New York, Ontario, United States
  • Founded: 1996
  • Headcount: 201-500
  • Latest funding type: Acquired
  • LinkedIn

OANDA is a financial services company that specializes in foreign exchange trading. They provide a trading platform called fxTrade and offer a wide range of currency exchange services. They aim to provide exceptional execution and custom pricing to their customers.


4. SVC Bank

  • Website: svcbank.com
  • Headquarters: Mumbai, Maharashtra, India
  • Founded: 1906
  • Headcount: 1001-5000
  • LinkedIn

SVC Co-operative Bank Ltd. is a financial institution that offers a range of banking services including long term fixed deposits, international banking, NRI banking, money transfer, forex services, and other financial services.


5. Unimoni Financial Services Limited

  • Website: unimoni.in
  • Headquarters: Ernakulam, Kerala, India
  • Founded: 1999
  • Headcount: 1001-5000
  • LinkedIn

Unimoni is a financial services company that specializes in electronic fund transfers across banks and transfer service providers worldwide. They offer fast and secure money transfers through their branch network and online platform. Customers can send money abroad, exchange currencies, get gold loans, and avail of insurance services.


6. BFC Group Holdings

BFC Group Holdings is a global financial services company specializing in money transfers, foreign currency exchange, and wholesale currency services. With over 140 retail branches worldwide, we offer reliable, safe, and convenient solutions to individuals and organizations. Our competitive rates on foreign currencies and fast worldwide payment options make us a trusted choice for customers. We are committed to reducing costs and providing a wide choice of currencies through our retail, corporate, and wholesale services.


7. Joyalukkas Exchange

Joyalukkas Exchange is a leading foreign exchange service provider in the region, catering to the money exchange service needs of the community. It is part of the renowned Joyalukkas Group, a multi-billion dollar global conglomerate specializing in jewelry retail.


8. BookMyForex

  • Website: bookmyforex.com
  • Headquarters: Gurgaon, Haryana, India
  • Founded: 2012
  • Headcount: 51-200
  • Latest funding type: Acquired
  • LinkedIn

BookMyForex is an online foreign exchange marketplace that compares foreign currency rates across money changers to offer the best forex rates. They provide currency exchange services, including currency notes and forex cards, and also facilitate international wire transfers. With a wide range of currencies available and partnerships with reputed banks, they ensure fast and reliable money transfers. BookMyForex is authorized and regulated by the Reserve Bank of India.


9. CurrencyFair

  • Website: currencyfair.com
  • Headquarters: Dublin, Dublin, Ireland
  • Founded: 2009
  • Headcount: 51-200
  • Latest funding type: Debt Financing
  • LinkedIn

CurrencyFair is an online platform that offers fast, secure international money transfers in over 20 currencies. With competitive exchange rates, customers can save on costly transfers for various purposes such as overseas pension, tuition fees, property purchases, and more. The company provides first-class support from real people and ensures the safeguarding of funds through bank-beating FX services. Rated Excellent on Trustpilot, CurrencyFair offers a hassle-free experience with easy-to-use features and bank-level security.


10. EBIXCASH World Money

BuyForex.com offers forex services to individuals and businesses, providing safe and convenient alternatives to cash while traveling overseas. They offer prepaid travel forex cards in multiple currencies, allowing customers to withdraw cash from any VISA accepting ATM. With competitive rates and free home delivery offers, BuyForex.com ensures a seamless and hassle-free forex transaction experience.


11. UAE Exchange Centre Co WLL, Kuwait

UAE Exchange is a financial institution that provides banking and money transfer services. They offer online and in-person services for quick and secure money transfers, as well as currency exchange. With a wide range of products and services, UAE Exchange aims to facilitate seamless financial transactions for individuals and businesses.


12. Wall Street Forex

  • Website: wsfx.in
  • Headquarters: Mumbai, Maharashtra, India
  • Founded: 1986
  • Headcount: 201-500
  • LinkedIn

WSFx is an online foreign exchange company offering forex prepaid cards, smart currency cards, travelers cheques, insurance, and outward remittances. They provide convenient and worry-free forex solutions for studying abroad, accepted by millions of VISA merchant outlets. WSFx also offers INR wallets for easy currency transfer and domestic purchases.


13. Muthoot Forex Limited

Muthoot Forex is a company that offers foreign exchange services and solutions to customers. With a focus on providing efficient and secure currency exchange, they help individuals and businesses manage their international transactions.


14. GC Partners

GC Partners is a specialist financial services provider that offers tailored solutions for FX & international payments, mass payments, hedging, and global currency accounts. With over 150,000 clients and operations in more than 125 markets worldwide, GC Partners ensures quick, reliable, and secure transfer of money overseas.


15. QUICK FOREX LIMITED (One Stop Solution For All Your Travel Needs)

Quick Forex is an online platform based in New Delhi that enables users to conveniently buy and sell forex. They offer services such as currency conversion, remittance, travel card, and travel insurance. With a user-friendly interface and secure transactions, Quick Forex provides hassle-free foreign exchange solutions.


16. Shift Connect Ltd.

Shift Connect is a global payments and foreign exchange platform that offers fast and convenient personal transfers, competitive exchange rates, and secure global payments. They provide corporate payment solutions that are fast, secure, and reliable, allowing businesses to focus on building their success. With comprehensive compliance protocols and technology security systems, Shift Connect ensures the protection and privacy of funds. Their experienced team of currency experts and global offices provide support and peace of mind throughout the entire process.


17. Novus Fintech

Novus Fintech is a leading innovator in providing next-generation financial market software. They offer a comprehensive platform for Foreign Exchange trading and workflow management. With a focus on data security and industry standards, Novus Fintech aims to bridge and equip users with a competitive edge in the complex and fast-moving financial market.


18. Zenith Forex Online

Zenith Forex Online is an online forex portal, providing currency exchange solutions in India. They offer hassle-free currency exchange processes and competitive rates. With end-to-end visa facilitation, their services also include travel products like currency notes, travel cards, remittance, and travel insurance. Zenith Forex Online ensures prompt and reliable delivery of forex at your doorstep.


19. ForexPeople

ForexPeople is a foreign exchange service company that provides efficient and cost-effective solutions for handling foreign payments. Their knowledgeable team, led by Sharon Hendry, ensures client satisfaction by offering round-the-clock support and personalized attention. With a focus on professionalism and client-centricity, ForexPeople is highly recommended for all foreign exchange dealings.


20. Texas Currency Exchange

Texas Currency Exchange is a financial institution that offers a variety of foreign currency exchange services such as buying and selling of foreign currencies with competitive rates, and money transfer.


21. Infinity

  • Website: iifx.co.uk
  • Headquarters: Canary Wharf, London, United Kingdom
  • Founded: 2007
  • Headcount: 51-200
  • Latest funding type: Acquired
  • LinkedIn

IIFX is a company that provides financial services and solutions to individuals and businesses. With a focus on foreign exchange, they offer competitive rates and a seamless experience for their customers.


22. Niyo Solutions Inc.

  • Website: goniyo.com
  • Headquarters: Bangalore, Karnatka, India
  • Founded: 2015
  • Headcount: 501-1000
  • Latest funding type: Series Unknown
  • LinkedIn

Goniyo.com is a digital banking platform that offers a global card with 24x7 support, features for safe and convenient travel, and a range of financial services. It provides customers with the ability to lock and unlock their card, locate ATMs, access concierge services, and receive monthly interest payouts.


23. Transcorp International Ltd.

  • Website: transcorpint.com
  • Headquarters: New Delhi, New Delhi, India
  • Founded: 1994
  • Headcount: 201-500
  • Latest funding type: Ipo
  • LinkedIn

Transcorp International Limited is a financial services company based in New Delhi. They offer a wide range of services including foreign exchange, travel services, prepaid cards, student loans, and insurance. With a team of experts, they provide domestic money transfer and insurance services in collaboration with national partners. Transcorp is committed to meeting their customer's demands with transparency and integrity.


Want to find more foreign exchange service companies?


If you want to find more companies that offer services in money transfers, currency exchange, and forex trading you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!