Family Office Foreign Exchange

A family office is an organisational structure that manages the financial and personal affairs of a wealthy family where the office is driven purely by the needs and preferences of the underlying family.

There is no standard for how one should be structured. For instance, some single-family offices are lean enterprises that focus exclusively on investing with a skeleton crew while others are robust organisations with in-house staff, numerous vendor relationships and a broad platform of services. This disparity means it’s difficult to establish hard-and-fast criteria for how a single-family office should be defined other than its dedication to a sole family.

What is sure, no matter what, service and value for money is always demanded

Ralph Wado Emerson, the great American Essayist of the 19th century once said...

“It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires ten times as much skill to keep it”

On a global platform for the 21st century - where fortunes are made in a heartbeat as a You tube gamer or a bitcoin speculator – we still must provide access to competitive markets, and FO – FOX provides just that.

Transparent pricing for HNWI and family offices to continue with wealth preservation. REGISTER HERE

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Background

www.fo-fox.com has evolved from the success of expat-fx.com,
which started trading in 2015. The success derived from existing clients, has propelled us into new markets.

 

Who is FO-FOX?

David Douglas

Founder fo-fox.com

david douglas

David Douglas been involved in international currency since 1998. Dave started at Bank of Scotland, doing his bank exams and the Foreign Exchange Diploma – more commonly known as the ACI diploma.

15 years of pushing banking and treasury products gave David the know-how of what a client demands and how to provide this service and do it well.

"its  always been about  good service, short set up time, coupled with consistently good pricing and savings" DD

You can get online very quickly - within a few hours
just use your passport number - the super long number on your passport. REGISTER HERE

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What you need to know

 

Security and Trust

Protecting your funds from risk is our primary purpose, and this governs how our business operates in every way.

Fo Fox is a trading name of Global Brands Guernsey Limited registered in Guernsey, registration number 60096. Fo Fox payment and foreign currency exchange services are provided by Ebury Partners UK Limited.

Ebury Partners UK Limited. Company registered in England and Wales (registered no. 7088713). Registered office: 3rd floor, 100 Victoria Street, Cardinal Place, London, SW1E 5JL.
Ebury Partners UK Ltd is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Reference Number: 900797.
Ebury Partners UK Limited is registered with the Information Commissioner's Office under the UK Data Protection Act (registered no Z209673X)."

DATA PROTECTION ACT
Ebury Partners UK Limited is registered with the ICO under the UK Data Protection Act; its registration number is Z209673X. It does not share any client information with third parties and all client information is held securely on remote servers. Client information, paper or electronic, is handled with due care; in line with Ebury Partners UK Limited internal guidelines.

OPERATING ABROAD
As a regulated Payment Institution, Ebury is able to passport its license to offer its services in all EEA Member states. Full details of the Ebury Partners UK Limited license can be found on the FCA register.

CLIENT PROTECTION
Ebury Partners UK limited client funds are held in segregated accounts, entirely separate from our own operating accounts, so client funds are always safe.

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Why use www.fo-fox.com???

 

I have spent years saying to FX clients:

Proof of the pudding is in the eating

It truly is

One Middle Eastern family office channelled all his FX through us because we simply agreed to take a fixed margin on every trade whether it was £500 or $50m – it was fixed in stone – same margin

And everyone knew that as long as we were consistent we would have that relationship for life And we did!

And that is where our mantra was born from - try us - just once - we won't let you down as we want to be your ‘friend for life’ - not just for one transaction. We are here for the long term not just for a financial year.

  • tick You need easy sign up
  • tick You need a reliable service
  • tick YOU NEED SAVINGS and no TT fees

REGISTER HERE

Simple scenario

You want to buy an apartment or pay the mooring fees in the Med

This biggest aggravation is paying excessive commission to do a standard currency conversion then to add insult to injury £30-£40-£50 for the TT payment.

Our clients are demand a sterling service – and that’s what they get!


Example of Financial Savings and No €xchange Rate Risk

 

Mr M’s FO advisers wanted to buy his villa in Spain at 1.7m €uros.

So first off, Mr M bought his 170,000 €uros at €/£ spot rate and sent the 10% deposit to his Spanish solicitor.

2,400 €uros saved v a BIG high street bank rate, and no fee to send €uros to Spain.

The 90% balance was due in 4-6 weeks time, but did not know exactly when it had to be paid.

 

Rather than run the gauntlet over currency fluctuations with BREXIT uncertainty over the pound – The FO decided to buy the 90% balance one month forward – taking advantage of fixing a forward rate price for 4 weeks time. Full settlement on maturity.

Advantages of using this service

  • tick Locked in a rate and removed the risk of BREXIT exchange rate volatility
  • tick Rate was significantly better than ‘incumbent’ FX provider
  • tick Saving was 13,400 € against what a standard Private Bank would have charged on the 1.53m € balance.