History:

Crossbar-fx originally began life in 2004 as part of Crossbar Ltd, the UK extension of Foremost Finance (Pty) Ltd, a South African business that has provided trade finance and foreign exchange services since 1996.

In 2006 after two years of rapid growth, the foreign exchange business was separated to establish its own entity, Crossbar-fx Ltd.    

How can we offer better exchange rates than your bank?

The foreign exchange rate you are offered by your bank is predominantly determined by how much you transact, how often, and the nature of your relationship.  As a specialist currency provider we carry out more foreign exchange transactions than most businesses, across a greater variety of currencies and usually in larger volumes. As a result we are offered better exchange rates and lower transmission costs by the banks we use. 

We are able to pass on these smarter rates, and lower payment costs to you because we do not have the overheads that the banks and many of our competitors have.  Our business model enables us to keep costs low and therefore pass these savings onto you the customer in the form of much better exchange rates.  We currently have banking relationships with Barclays, HSBC and Standard Bank.