halo financial 2018-01-21T02:45:57+00:00

halo financial


Halo Financial is a UK based foreign exchange firm which has been in existence since 2005 and providing services to both individuals and companies all across the world. They deal with over 25 different currencies exchanging over £500 million annually. Halo Financial is authorized by Financial Conduct Authority (FCA) and HM Revenue & Customs (HMRC) endorsing it as a safe and reliable company to transfer or trade in foreign currencies.

Even though Halo Financial is not the biggest player in the industry, they have quite a reputation. As per the customer feedback shared on feefo by over 850 customers, the company has an average rating of 4.8/5. They are highly rated for their competitive exchange rates and customer service. Halo Financial does not charge any processing fee for transactions above £5000. For transactions below £5000, they charge a flat fee of £15. But you might be charged a fee by the bank in case you or the beneficiary does not have an account based in the UK. As compared to the banks, Halo Financial claims they offer a better exchange rate, providing a savings of up to 4% to its customers. With so much said and done, you sure can give them a try.

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Founded: 2005
Headquarters: London, UK
Offices: London, UK
Regulated by: FCA
Trading channels: website, telephone

reviews on feefo


4.8/5 Excellent

halo financial Key Features

Pay-in Options bank transfer, debit card, credit card
Recipient’s Options bank account only
Min Transfer Amount £50
Max Transfer Amount £300,000 via bank transfer
Speed most transfers are completed in 1-4 days
Transfer Fees no fees on all transfers
Exchange Rate HiFX claims a bank-beating exchange rate
Currencies Available 142 currencies

halo financial Review

Transfer Fees

HiFX claims they charge no transfer fees on all transfers.

However, you still have to be aware some other fees which HiFX are not liable for when sending money to them.  HiFX encourages you to pay by bank transfer or debit card. But before you start to fund HiFX, you need to check with your sending bank and the receiving bank, as they may charge some fees. Credit card transactions will cost you an additional fee of 1.6% of total amount.

Exchange Rate

HiFX offers bank beating exchange rate which is very competitive. This rate varies by type of currency. Therefore, the markup from NZD to USD, for instance, is 1% more than mid-market rate. The average markup on exchange rate tends to be 1.5%.


HiFX advises you 1-4 working days for the money to be delivered to recipient’s account. The method you use to pay HiFX will affect the whole processing time. Funding via credit or debit card results your money to reach HiFX immediately. Bank transfer usually takes up to 3 days for them to receive your money.

User Experience

HiFX’s customer service is 24/7 either by phone or email. Customers can complete their transfers on website or over phone. However, lack of mobile app makes HiFX far behind most competitors.

It is also un-convenient for clients when it comes to comparing transfer costs. You’re allowed to check exchange rate only after you logged into their website. That means you have to sign up for a free account first before you can compare and transfer. From our experience, it only takes a couple of minutes to finish register. But you’ll need to upload the following documents to be approved,

1 x Proof of Identity: passport, national ID card, or driver license.

1 x Proof of Address: recent utility bill or bank statement.

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halo financial Pros and Cons

  • zero transfer fees on all transfers

  • 142 currencies and 170+ countries available

  • small limitation of £50 minimum transfer amount

  • 24/7 friendly UK based telephone support

  • website only, without mobile app

  • only registered clients are able to compare exchange rate

  • money account only for recipient, without cash pick-up

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