FCA-regulated UK FX brokerage covering 27 corridors into the United States and 27 corridors out. Tighter spreads than retail apps and high-street banks, and a named dealer on WhatsApp for every trade.
The US dollar (USD) is the world's reserve currency and the most-traded currency in FX markets, managed by the Federal Reserve. USD pricing is highly liquid in any size, but moves materially on FOMC decisions, US CPI and NFP releases, and global risk events. For UK and European clients, the GBP/USD and EUR/USD rates are foundational — and the spread your bank or app applies on conversion typically dwarfs the headline-rate movement on any given day.
Most USD flows we handle are UK and European businesses paying US suppliers, US-incorporated subsidiaries, or contractors invoicing in dollars; UK clients funding US property purchases — New York, Florida, and California in particular — and education or living costs; expats moving to or from the US with salary, relocation, or repatriation funds; and US businesses paying UK or EU vendors. Volumes range from £15,000 personal transfers to eight-figure corporate hedging programmes.
SummitFX is FCA-regulated in the UK and clears USD into US bank accounts via Fedwire for same-day large-value settlement and ACH for lower-cost batch runs, depending on amount and timing. We charge a 0.5–0.9% spread on the rate rather than the 2–4% retail apps and high-street banks charge. Every trade goes through a named dealer on WhatsApp or phone — useful when ABA routing verification, OFAC checks, or large-amount source-of-funds reviews come up.
27 routes into the United States — click through for the live rate, typical timings, and a corridor-specific quote on WhatsApp.
27 routes out of the United States — click through for corridor-specific timings and a quote.