X Rate Capital

X Rate Capital: international transfers and currency risk management

X Rate Capital is an international money transfer platform and currency exchange service aimed at both individuals and businesses. Its offering combines spot execution, forwards and limit orders with a tailor-made hedging strategy, and it presents itself as a regulated specialist operating with partners authorised by the FCA (Financial Conduct Authority) in the United Kingdom.

The company states it has moved over £2.1 billion in cross-border transactions, with support for more than 65 currencies and reach across more than 190 countries. Its head office is in Dubai, from where it serves clients worldwide.

Exchange and hedging services

The core of the business is currency operations and international transfers. The company offers execution pricing typical of an institutional desk, with options including spot operations, forwards and limit orders. It also adds a hedging strategy built around each client's specific exposure, rather than generic templates.

Among the operational capabilities detailed on the site are:

• Sending and receiving payments to over 190 countries.
• Multi-currency accounts to manage more than 65 currencies from a single account.
• Buying and holding currencies by businesses, with the possibility of locking in favourable exchange rates.
• Scheduling payments directly from currency holdings, without additional conversions, for suppliers, employees or partners.
• Fiat currency on-ramp and off-ramp.

The platform shows live exchange rates with reference to the European Central Bank (ECB mid) and allows you to compare the estimated savings against the spread applied by a conventional bank.

Service for individuals and businesses

X Rate Capital structures its offering along two distinct paths. For individuals, it offers fast transfers for situations such as financial support for family members, managing expenses abroad or international investments, with quick processing and access to more than 65 currencies.

For businesses, the offering is aimed at supplier payments, payroll management and cross-border operations in general, with the stated goal of simplifying international payments and ensuring that every transaction is fast, reliable and cost-effective.

Service model and security

The company emphasises a personalised service model: each client has a named account manager rather than a queue or standardised service. This manager supports the client from account opening and helps tailor solutions to their needs.

On security, the site mentions AES-256 encryption and the condition that client funds are ringfenced, that is, separated from the entity's own funds. The company presents itself as a regulated and transparent specialist, with clear pricing and audit-grade reporting.

Onboarding process and operations

The onboarding process is described in three steps. First, the client signs up securely by providing their details and verifying their identity, after which the team reviews the application. Once approved, the client meets their personal account manager, who shows them the platform and tailors solutions to their needs. Finally, the client can manage currencies, make transfers and track their transactions.

Management team

The site identifies the firm's leaders: Andrew Smith as founder and CEO, Sarah Duthie as head of operations, Natasha Henderson as relationship manager and Brenda as office manager.

Regulatory structure and partners

Payment services for X Rate Capital Ltd are provided by Sciopay Ltd, a company incorporated in England and Wales with registration number 12352935. Sciopay Ltd is authorised and regulated by the FCA as an Authorised Payment Institution (Firm Reference Number 927951) and holds an HMRC licence as a Money Service Business (MSB) with number XCML00000151326.

Payment services are also provided by Equals Connect Limited, registered in England and Wales with number 07131446 and registered office at Vintners' Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised by the FCA to provide payment services (FRN 671508).

Likewise, X Rate Capital Ltd operates in partnership with Capitex Group Limited, a company registered in England and Wales with number 11345794, authorised and regulated by the FCA as an Authorised Payment Institution under the Payment Services Regulations 2017 (Firm Reference Number 944249).

Location and contact

Email: info@xratecapital.com · Hours: Mon–Sat · 09:00–17:30 GST; Sunday closed