How Midpoint Works

How Midpoint Works

Principle

The principle concept of Midpoint is to create an open market for Foreign Exchange transactions. We achieve this by directly matching buyers and sellers of a currency. This effectively eliminates Bank & Broker's margins, spreads and excessive service fees from the process, thereby dramatically reducing the overall cost to the end client.

Orders

Registered users of the Midpoint system place their orders to either buy or sell currency into the system.

Matching

The Proprietary and patented Midpoint matching engine continuously scans outstanding orders on the system matching whole or partially offsetting orders as it finds them. The exchange rate is set at the published market midpoint at the time of the match. When an order is completely fulfilled through one or more matches, the exchange rate for that order is set at the average rate at which the orders were matched.

Confirmation

Clients receive confirmation of their matched orders, indicating the rate that has been achieved. We then add our single transaction fee and indicate the total amount that is to be settled by our client. A single click enables clients to confirm receipt of the information provided.

Settlement

Clients instruct their bank to deliver the required funds to the Midpoint custody account operated by our partner Earthport Plc. Once we have received the cleared funds, we deliver the required foreign currency to the destination account that they have nominated.

Ask a Question

If we were unable to answer your query through our FAQs please submit your enquiry below.

Name * Company
Email * Enquiry
Question

Recent Testimonials

Ed van Wezel
Ceo Hi-Tec Sports International Holdings B.V.

"Midpoint offers their customers a platform for making online forex payments. They offer great value and are very efficient. I would highly recommend trying them out"

David Strongman
President Reflex International Inc.

I have used Midpoint's currency service to transfer corporate funds from the US to Europe and found it to be efficient, easy to use and most importantly it saved my company 30%+ on wire transfer / bank charges.

Claudio Migliore
Italy

Trustworthy and innovative service. As an expat, I use Midpoint to fund my overseas and home accounts easily and at a minimal cost.

Meena Bhandari
Finance Manager, Radiumone

Midpoint is an excellent platform to exchange large amounts of money, in which they offer the most competitive exchange rates, which are very close to the spot rate. They invaluably assist businesses to save money.

Adam Hayes
Managing Director, SNH Tax

Having used various other currency brokers and banks and been involved with referring clients to currency brokers, I have found Midpoint’s to be the best. Once you have registered with Midpoint, the process is simple, transparent and quick. You feel more in control than with other brokers and whenever you might have a question, I have found Midpoint's staff friendly, clear and prompt. I would have no hesitation in recommending Midpoint.

Jo Hiley
Expat

I used Midpoint to transfer money abroad following the sale of my flat. I looked at various providers and found Midpoint to be the most competitive. Their staff have been fantastic throughout the whole process and I would highly recommend Midpoint to anyone. They saved me lots of money compared to using my bank. Try them out!

  • Ed van Wezel
  • David Strongman
  • Claudio
  • radiumone
  • SNH Tax
  • Jo Hiley
More than 200.000?
Call us on 0800 211 8620

Advanced Savings Calculator

This calculator shows how much you will save using Midpoint

Min 100.00
Buy
  • Buy
  • Sell
USD
  • GBP
  • EUR
  • USD
  • AED
  • AUD
  • BGN
  • CAD
  • CHF
  • CZK
  • DKK
  • HKD
  • HUF
  • JPY
  • MXN
  • NOK
  • NZD
  • PLN
  • RON
  • SEK
  • SGD
  • THB
  • TRY
For GBP
  • GBP
  • EUR
  • USD
  • AED
  • AUD
  • BGN
  • CAD
  • CHF
  • CZK
  • DKK
  • HKD
  • HUF
  • JPY
  • MXN
  • NOK
  • NZD
  • PLN
  • RON
  • SEK
  • SGD
  • THB
  • TRY

Midpoint

Rate

Fee

Funding Required

Please note that funding required
is inclusive of our fee

Payee Receives

Average Bank

max 2

Rate

Spread & Fees

Funding Required

Payee Receives

You Gain by Using Midpoint
Please click Advance Calculator for details of exchange rates and charges. For further information, click the how it works tab on our website
No result for this date,
please change it
max 2
Compare Historical Rates
or Enter Your Own Rate
Open Free Account Place Order Send to a Friend Share
Send