RationalFX Review

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Company Information

RationalFX launched in 2005 as a UK-based registered money service. RationalFX is fully licensed and authorized by the FCA (FRN: 507958), with England & Wales registration (#05385999). The company purportedly began operations with a laptop and just $3,000 in cash. It was founded by two entrepreneurs – Paresh Davdra and Rajesh Agrawal as a way to transfer funds overseas without using bank services. The company never borrowed from banks or financial institutions to get its operations up and running and is now trusted by 100,000+ clients, with payments in excess of $10 billion. The founder & non-executive chairman Rajesh Agrawal is also the Deputy Mayor of London for Business. The co-founder is Paresh Davdra, a pundit on Citywire and Reuters.

How RationalFX Works

RationalFX simplifies the process of sending money abroad. Clients can complete the money transfer service in 3 simple steps. These include registering for a new account or simply requesting a currency quote for money transfer services. Next, the currency needs to be paid for – there are no commissions or fees attached. The final step is the actual money transfer. RationalFX transfers the money immediately to any bank in the world. Overall, some 170 countries are supported by international money transfer services.

Who Should Use RationalFX

RationalFX can be used for personal and business purposes. Whether you are sending money from your home country to a foreign country, or vice versa, RationalFX offers competitive rates for currency transfers. There are 6 reasons why foreign currency transfers are easier with RationalFX. These include buying overseas property and making payments on the purchases, setting up regular transfers when living abroad and saving up to 10% by not paying unfavorable exchange rate fees, receipt fees and transfer fees. Other reasons include payment for imported goods and services, the repatriation of earnings to overseas countries with regular money transfers or single lump sum transfers, and the payment of overseas university fees. These are but a few of the many reasons why personal and business clients use RationalFX services.

Exchange Rate & Fees

RationalFX charges a minimal transaction fee of just £4 on currency exchange services. However, this fee does not apply if the regular payments service is used. Compared to banks, the cost savings are dramatic since they charge up to £40. The precise exchange rates that are charged will be available at the time the quote is generated.

Is RationalFX Safe and Reliable

RationalFX is 100% safe and reliable. It is registered in England & Wales and based at Canary Wharf in London. It is also fully authorized to offer financial services courtesy of the Financial Conduct Authority (FCA). It is a regulated money service business, courtesy of HM Revenue & Customs. It complies with all aspects of anti-money laundering with regulation number 12206957. The company is FSA authorized for overseas money transfers. All client funds are securely held in segregated accounts with Barclays Bank.

How Much Does it Cost to Use RationalFX

£4 is all that it costs to use currency exchange services at RationalFX. This fee is waived if you are a regular payments user. There are low fees and zero commissions on all currency exchanges and competitive exchange rates are assured.

Transfer Speed

RationalFX typically sends out the requested currency to the receiving bank within 24 hours. However, most currency transfers at this financial services provider can take up to 2 days to clear and arrive at their destination bank. For all major currencies, there is a next-day service transfer. These currencies include GBP, EUR, USD, JPY and others.

RationalFX Customer Support

The contact us section provides clients with English, French and Spanish telephone operator assistance. The hours of operation for English support services are 8:30 AM through 5:30 PM GMT, for French from 9 AM through 6 PM CET and for Spanish 8:30 AM through 5:30 PM GMT. The company’s head office is located in Canary Wharf, London. There is also a Spain office in Marbella, a French office in Lille and a Birmingham office in the UK. Clients can use the FAQ section for additional information, or simply use the contact us form to send a message. Facebook and Twitter updates are also available to clients.

Special Features

If you recommend RationalFX to clients and they transfer £10,000 or more, the client and the referring person will receive a £50 Amazon gift certificate.

Clients Feedback

Client feedback on services offered by RationalFX indicates an 8.1/10 rating from 385 reviews on Trustpilot. 64.2% of clients have rated the company services with 5 stars, and 19.2% with 4 stars.

Bottom Line

RationalFX has become a leading UK international currency transfer service. It offers a range of business and personal services to clients. These include spot transactions, forward contracts, limit orders, stop losses strategies, regular payments, and more.


  • FSA and FCA compliant
  • HM Revenue & Customs authorized
  • Segregated accounts
  • Low fees on single transactions, and no fees on regular transfers


  • TrustPilot reviews largely 4-star rated
  • Amazon gift card only available to clients spending £10,000 or more