Score

1.57 /10
Danger

KnightsbridgeFX

Suspicious Regulatory License

High potential risk

B

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Regulatory Index0.00

Business Index7.43

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Knightsbridge Foreign Exchange

Company Abbreviation

KnightsbridgeFX

Platform registered country and region

Canada

Company website

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Company summary

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Warning: Low score, please stay away! 3
Previous Detection : 2025-06-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

KnightsbridgeFX · Company summary
KnightsbridgeFX Review Summary
Founded2009
Registered Country/RegionCanada
RegulationNo regulation
ServicesForeign currency exchange for individuals & businesses, bank-beating rates
Minimum Deposit$2,000 CAD
Customer SupportToll-Free (Canada/USA): (877)-355-KBFX (5239) ext. 1
Local: (416) 800-5552 / (416) 479-0834
Email: contact@knightsbridgefx.com
Address: First Canadian Place, 100 King St W, Suite 5700, Toronto, ON, M5X 1C7

KnightsbridgeFX Information

KnightsbridgeFX is not a regulated financial service company in Canada. It is not licensed by the IIROC or provincial regulators. Although it is a genuine currency exchange business, it is not regulated by established financial agencies.

KnightsbridgeFX Information

Pros and Cons

ProsCons
Offers better exchange rates than major Canadian banksNo regulation
Same-day transfers available for most transactions
No deposit/withdrawal fees

Is KnightsbridgeFX Legit?

KnightsbridgeFX is not a regulated financial service provider. It does not hold any licenses from the Investment Industry Regulatory Organization of Canada (IIROC) or any provincial authorities in Canada, where it is registered.

license

According to WHOIS records, the domain knightsbridgefx.com was registered on June 11, 2009, last updated on June 7, 2023, and will expire on June 11, 2029. Its status is “clientTransferProhibited”, meaning that the domain is secure and live, protected from illegal transfers or modifications.

domain

KnightsbridgeFX Services

KnightsbridgeFX is a Canadian currency exchange company that provides foreign exchange services to individuals and small businesses, with a focus on better exchange rates than banks. It caters to snowbirds, real estate buyers, expats, international students, and import/export firms, offering no hidden fees, same-day transfers, and personalized service.

ServicesSupported
Currency Exchange (CAD/USD & other FX)
Real Estate Currency Transfers
Tuition & International Student Payments
Business FX for Import/Export
Products and Services

Minimum Exchange Amount

The minimum amount that can be exchanged with KnightsbridgeFX is normally $2,000 CAD per transaction. While that is their baseline level, they admit there is some flexibility based on the circumstances.

Minimum Exchange Amount

Deposit and Withdrawal

KnightsbridgeFX does not charge fees for deposits or withdrawals. Fees may be charged by intermediate and receiving banks when sending payments internationally. The minimum deposit (exchange amount) is usually $2,000 CAD, but they may offer some leeway.

Payment MethodMinimum AmountFees Processing Time
Bill Payment$2,000 CAD0Same day (typically)
Wire TransferSame day or 1 business day
EFT (Electronic Funds Transfer)Same day (typically)
Deposit and Withdrawal

News

NewsCanadian Dollar Update – Canadian dollar gives back gains

USD/CAD Open: 1.3748-52, Overnight Range: 1.3689-1.3756, Previous Close: 1.3700

WikiFX
2023-11-09 14:03
Canadian Dollar Update – Canadian dollar gives back gains

NewsCanadian Dollar Update – Canadian dollar dives

The Canadian dollar was sideswiped by surging US Treasury yields yesterday, and it continued to feel the effects overnight. USDCAD soared from 1.3618 to close at 1.3717 yesterday, then extended the gains to 1.3741 just before NY opened today.

WikiFX
2023-10-24 18:39
Canadian Dollar Update – Canadian dollar dives

NewsCanadian Dollar Update – Canadian dollar trading with negative bias

The Canadian dollar remains under pressure due to external forces. Political dysfunction in America and a very hawkish US interest rate outlook have soured global risk sentiment and caused a spike in Treasury yields.

WikiFX
2023-10-12 14:22
Canadian Dollar Update – Canadian dollar trading with negative bias

NewsCanadian Dollar Update – Canadian dollar rises with improved risk sentiment

USD/CAD Open: 1.3596-68, Overnight Range: 1.3587-1.3640, Previous Close: 1.3640

WikiFX
2023-09-14 11:05
Canadian Dollar Update – Canadian dollar rises with improved risk sentiment

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Alfred
more than one year
It's been a week started trading with KnightbridgeFX. No huge issues yet. Haven't tried to withdraw. Will leave a review here if there are any problems in the future.
It's been a week started trading with KnightbridgeFX. No huge issues yet. Haven't tried to withdraw. Will leave a review here if there are any problems in the future.
Translate to English
2023-03-01 10:49
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