International Payments


LOGINor 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


Register for a private account

Register for a corporate account

Why use COG over my bank?

With COG you will save up to 5% compared to using your bank.

A high street bank does a lot of things for its customers; we do one thing and do it well – currency exchange.


We don’t have the overheads of a high street bank but we do have access to the currency markets in the same way that banks do, allowing us to pass the savings on to you.


When you use us, you have confidence you are getting the best rates possible. We do not charge for payments (subject to a minimum amount being exchanged).


Client funds are held in client-designated bank accounts in London.

We have specific risk management systems in place, including a custom-designed internal control system designed to capture and isolate errors.

We protect our business from technological risks such as virus attacks, technology failure or unauthorised systems usage.


On instructing a payment, we have it sent and in the destination bank account the same day, generally within the hour.


Because currency exchange is our business, we can provide tools to help you save money and protect you from volatility, such as forward contracts and stops & limits.

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?

1. Register

Simply tell us how much you’re transferring, which currency and who to send it to.

2. Send us your funds

We accept bank transfers from your account

(e.g. Debit Card, Electronic Bank Transfer).


No cash, credit card, cheques or bank drafts.


We'll notify you once we receive your funds and deliver to your recipient.

Transfers to most countries take from same day to 2 business days depending on the currency. (Euro & USD Same day)

Zero transfer fees*

International Business Payments

International Business Payments are crucial to many businesses in the UK and Europe, but how do you know your business is getting a good deal when making these international payments?
The best way is to compare our rates and service to your current foreign exchange provider.


Currency Online Group Specialises in offering small to medium size businesses the exchange rates risk management products and service ordinary reserved for large companies only.


Working with our Foreign Exchange specialists as a business customer, you will be allocated your own, dedicated foreign exchange dealer who will speak with you about your business and its foreign exchange needs. From here, they will help formulate a plan to reduce your foreign exchange exposure.


Excellent exchange rates

Our Clients all have access to "interbank" market exchange rates, meaning we can pass these excellent rates on to your business. This results in substantial savings.

A personalised service

Your business will be allocated its own foreign currency dealer who will be on hand should you need them. This ensures you get the best FX solution for your business.

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

COG use Currency Clouds cutting-edge technology and easy-to-use, friendly online dealing platform.

Exotic Currency

We have regularly been made aware of our client’s requirements for non-major currencies. Whilst over 85% of international FX relates to flows between USD, JPY, GBP, EUR and CHF, the increasing globalisation of trade has meant that more companies are transacting in the so-called ‘exotics’. Buying exotics can be very expensive, and payment turnaround times differ vastly.

We have recently become one of a select few providers in the UK to offer an exotics service and can offer our clients a cost-effective alternative to the current providers, with our usual excellent service levels. As usual, we need to see full details of any transfer, including a source of funds and the reason for the transaction.

Market Knowledge and expertise

Need some guidance? Want to protect yourself from adverse exchange rate movements? Speak to one of our dealers about the markets and your requirements. If you’re looking for a particular rate, we can monitor the market continually and have your transaction executed automatically if that rate is offered (this service is available for transactions above £25,000).

Our dealers have a huge amount of experience in dealing with currency requirements.

We also offer a valuable notification service which will alert you :

  • When currencies you are interested in reach pre-determined levels
  • Whenever the market moves in your favour, or against you
  • When significant global events occur that affect currencies of interest to you
  • On dates which coincide with your projected payment plans.

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)


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.

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.