General Information
Founded in 2005 by its two founders, Rjesh Agrawal and Paresh Davdra, RationalFX has processed over £10 billion of payments on behalf of its clients since its inception. In 2014, RationalFX Premier was founded with a focus on providing white-glove services for high net worth individuals. In 2015, the company took a different approach by setting up Xendpay, an online platform dedicated to low-value remittances. RationalFX is headquartered in London, UK, with offices in France, Germany, and Spain.
RationalFX Regulation
RationalFX holds a payment license from the UK Financial Conduct Authority, Regulation No. 507958, but the license is suspected of operating beyond its limits, so investors should use the platform with caution to avoid risk.
Personal Services
The main products offered by RationalFX for individuals are spot contracts (to determine the exchange rate for payment within two business days), forward contracts, recurring payments, limit orders, and stop-losses. Users can send money to more than 170 countries worldwide in more than 50 currencies.
RationalFX Business Services
RationalFX works with several companies to help them manage payments for international business. Its services for business include import/export solutions (spot payments, booking forward contracts, setting stop-losses, or utilizing currency exchange risk policies), global bulk payment solutions, international payment, and payroll solutions, etc.
RationalFX Exchange Rates
The exchange rates offered by RationalFX are inclusive of spreads, which are essentially an invisible cost that is not disclosed to the user during the transaction. In addition to the spread, certain services charge a transaction fee, usually the fee quoted by the company to the user.
RationalFX Transfer fees
A fee of £4 will be charged for transfers via the online platform, while no fee will be charged for transfers made by phone or through recurring payment plans.
Payment methods
RationalFX requires users to pay by credit or debit card. All card payments from non-EU/EEA countries are subject to an additional 2.5% surcharge, and all personal card payments from non-EU/EEA countries are subject to an additional 2.3% surcharge.