General Information& Regulation
Caxton FX was founded in 2002 and is a provider of prepaid currency cards. It is based in Britain. Caxton FX Limited is authorized and regulated by the Financial Conduct Authority for FSMA authorized business (FRN: 431844) and for the issuing of electronic money and payment services (FRN: 900663). The Caxton card is issued by PSI-Pay Ltd pursuant to a license by Mastercard.
Services
Caxton FX offers Payroll Solutions, International Payments, Multi-Currency accounts, Corporate Currency Cards, and hedging solutions that provide protection from market volatility. Caxton FX facilitates money transfers to 23 different countries around the world. Transfers can be carried out online or over the phone, and transfers are up to 20,000 at a time. Caxton FX offers 28 currencies.
Fees
There are no commissions on transactions. The card itself is free and there is no monthly account fee. It is also free to load and reload the card. Where a Transaction is performed in a currency different from the currencies available on the card there is a FX mark-up of 2.49%
Trading Platform
Caxton FX provides clients with the opportunity to trade via international trading online platform or the Caxton Mobile App.
Deposit & Withdrawal
Overseas purchases and ATM withdrawals are free of charge. However, there is a £1.50 fee for domestic ATM withdrawals and transaction fees. The maximum ATM withdrawal per day is £300 or equivalent in other currencies. Using the Caxton Card to make deposits could make your funds held up for up to 20 days.
Trading Hours
Clients can make online payments and send money abroad 24 hours a day, seven days a week.