International Payments

or book a deal over the phone - 0203 718 3143

Once your account is open you’ll get live streaming quotes, forward prices, access to our online conversion & transfer platform plus a dedicated dealer to help with any issues. If you have any problems with your application, please give us a call on 0203 718 3143 or email

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Why use COG over my bank?

Save up to 5% with COG's international payments.


No Transfer Fees

Up to 5%, better exchange rates compared to your bank

Transfer money or buy currency 24/7

Ideal for Simple One-off or regular payments.

Get personal payment support to make larger or regular payments at great rates.

Experts dedicated to managing your account.

Buy currency and hold it securely in your COG Account for future payments. 

But is it safe

Your money goes into a segregated client account, so it’s always safe. What’s more, we don’t speculate, and we don’t deal with clients who want to speculate, so there’s never any risk involved.

We have a wealth of industry experience and only user counter-parties that are financially stable and secure.  Our industry experiences ensure that we offer the best protection for your currency conversion and money transfers. Whatever reason you have for exchanging currency, whether it’s to buy a second home, emigrate or import a car, we can save you money and take the worry out of organising the transfer. We are able to offer exchange rates that the banks struggle to beat. In addition to this, we can offer various options on when and how you should exchange the currency. With some careful planning, you can ensure the cost of the currency stays within your budget. When you choose to exchange currency with us, we’ll explain in jargon-free English how the process works and keep you informed every step of the trade

Currency Online Group is a trading name of The Currency Cloud Limited. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 and the Payment Services Regulations for the issuing of electronic money and the provision of payment services with FCA registration number 900199. In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.

© 2016 Currency Cloud Limited. The Currency Cloud name and logos are trademarks. All rights reserved.

The Currency Cloud is the payments engine that powers our online platform.

The payment engine powers around 150 brokers in the UK and fills liquidity gaps for major peer to peer transfer providers.

The Currency Cloud payments engine processes in excess of $12bn in payments per year and is backed by some of the largest VC firms in the UK.

Types of trade


Spot trading is the most common way of trading with us.  It is simple and quick – you are quoted an exchange rate and have two days to send us the funds.  As soon as we have cleared funds, we’ll forward the currency to the beneficiary account.


Forward contracts can help protect you against market volatility. You can set the exchange rate today for a transaction, or series of transactions, that may take place up to one year in the future, allowing you to fix the exact value of the currency to be paid/received, regardless of market fluctuations.

You generally secure the forward contract with a deposit, known as a margin.  The margin depends on the currency and the length of the forward and is generally a % of the total value of your transaction. 


This term denotes a forward contract where the settlement date is not predetermined but is between two agreed dates in the future. Such contracts are beneficial to clients who wish to secure an exchange rate to meet a commitment but where the date of that commitment is flexible. When the settlement date is known the contract can be settled any time within the window. If the settlement becomes due after the further date, a contract can be extended through this may result in an alteration to the exchange rate. A deposit or margin from the customer is again required.


A limit order specifies an exchange rate that you would like to achieve. Your currency will automatically be purchased if the exchange rate exceeds this level. Our clients use this type of contract for many reasons, and it is a neat way of automatically taking advantage of the continual currency fluctuations. 


With a stop loss order, we are instructed to buy if the exchange rate moves lower than a pre-determined level.  Many clients combine a limit and stop loss order, thereby holding out for a favourable rate while simultaneously protecting against a sudden fall in the rates.


FX Swaps, which are basically a Spot contract mirrored by a Forward, are used for hedging. This is put in place where a customer covers its FX exposure to underlying assets/liabilities in non-reporting currencies. We give clients a simple service at their monthly/quarterly/annual reporting dates - providing net settlement figures based on their new hedge requirements and closing rates. It is a cost-effective tool and the 'spread' cost is lower than booking separate exchange transactions.

How do I make international payments?

If you are looking for the most cost-effective and easily manageable way to deal with international payments then look no further. Currency Online Group are here to help and this is how easy it:

1)     Register

Register a free non-obligatory account online or over the phone.

2)     Confirm a transaction

Call or go online to buy & sell currency. You can target a specific rate, lock in a rate in advance and make multiple payments in one go. You will receive automated emails at every stage.

3)     Make payment

Once you have agreed the rate online or over the phone, simply send your funds across to our bank account and provide us with your beneficiary account details. We will do the rest.

4)     Sit back and relax

Should you wish, you can monitor your transaction online and gain access to SWIFT confirmations. 

International Business Payments

Currency Online Group Specialises in offering businesses the exchange rates, risk management products and service ordinarily reserved for multinational companies only.


Working with our Foreign Exchange specialists as a business customer, you will be allocated your own, dedicated foreign exchange dealer who will be on hand to speak with you about your business and its foreign exchange needs. They will help formulate a plan to reduce the risk your foreign exchange exposure presents to your business, and work with you to perfectly execute the strategy.

Some of the things our existing clients have said about us

“Excellent exchange rates”

I regularly make transfers to Chinese and European suppliers. After a conversation with a COG expert, I decided to give them a try. This resulted in substantial savings.

“A personalised service”

I really liked the fact that I had own foreign currency dealer who is always on hand should I need them. This has definitely helped me make the decision that Currency Online Group offers the best FX solution for my business.


“Efficient and offer a range of risk management products”

COG offers a wide range of risk management products, including 'forward contracts' and 'limit' orders. These risk management tools ensure that there are no unpleasant surprises when your business makes international payments.


“Top rate technology”

From using the online platform I can honestly say that COG provides cutting-edge technology and an easy-to-use, friendly online dealing platform.

How to add a beneficiary

To add a beneficiary log in to your account and click on the add a beneficiary tab.

Step 1 - Enter the country of your beneficiary country, the bank account country and the Currency you will be sending.

Step 2 - Enter your beneficiary bank account details - (If you need help with you BIC/Swift code please let us know or check with your bank.)

Step 3 - Review your beneficiary details and confirm.

Your beneficiary is now set up.

You will be able to select your beneficiary once placing a trade using the convert and pay function.

How to make a payment

To make a payment log into your account and select convert and pay.

Select the currency you wish to sell and the currency you wish to buy.

Select the amount of currency you either want to sell or buy.

Select a date and click "Get a quote"

Review your quote and if happy click "convert" to book the trade.

You will then receive a confirmation email confirming the trade booked and our account details to make the settlement too.

Once we have received the payment settlement we will release the exchanged currency to your beneficiary.

If you need any help or would prefer to book the trade over the phone please let us know - 0203 718 3143

Currency Forwards

Currency Forwards from COG

With a currency forward, you can lock in an exchange rate for up to a year in advance.

A currency forward is simply a way of buying currency now at the current exchange rate for a settlement date in the future. When you do the conversion, you put down a small deposit, then pay the balance on the date you need the full amount. They are one of the most common ways to reduce and hedge currency exposure or protect against adverse exchange rates moves for overseas property purchases.

Currency forward contracts for businesses

If your business is importing, exporting or exposed to foreign currency in any way, then using forward currency contracts to hedge and manage the risk of currency fluctuations is essential. Businesses can use forward contracts to lock in a current foreign exchange rate for overseas transactions. The key benefits for companies is that they can account accurately for international business in forecasts and budgets.

Currency forwards for individuals

Individuals can use forward contacts if they have an upcoming purchase and want to fix the current exchange rate. The process is very simple and can be done online in a few clicks. If for example you are buying a property abroad and have to make a final payment of EUR500,000 in three months’ time. But, you think the EURGBP rate will move against you over that period, you can use a currency forward to buy the EUR now, but not have to pay the GBP for another three months.

Drawdowns & rollovers

Customers can drawdown funds on currency forwards before they are due to settle if they are required beforehand. Also, if customers require funds at a later date to settlement forward contracts can be rolled over ahead of settlement.

 Request a “Currency Forward Contract” Quote

Tell us a little about your currency requirements and we’ll get right back to you with a bank beating rate and be on hand to answer any questions you have.

Currency forwards are subject to the following deposits: 1-6 months = 5%, 6-12 months = 10%


Payment services for Currency Online Group are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

What is the Currency Cloud?

The Currency Cloud is the payments engine that powers our online platform. The payment engine powers around 150 brokers in the UK and fills liquidity gaps for major peer to peer transfer providers. The Currency Cloud payments engine processes in excess of $12bn in payments per year and is backed by some of the largest VC firms in the UK.


Please let us know any questions you have by filling out the form below. We will reply within 24 hours.