FIRMA Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 22:46

Abstract：Under OFX, FIRMA offers worldwide payment and currency exchange services for both personal and business customers. FIRMA serves both individual clients and businesses with worldwide payment needs with products ranging from multi-currency accounts to mass payment systems to tools for managing currency risk.

FIRMA Review Summary
Founded	2010
Registered Country/Region	United Kingdom
Regulation	FCA (Revoked)
Market Instruments	Foreign Exchange, Multi-Currency Account, International Business Payments, Currency Risk Management, Mass Payment Solutions, Marketplace Payments, Xero Integration
Demo Account	/
Leverage	/
Spread	/
Trading Platform	OFX platform, accessible via web and mobile app
Min Deposit	/
Customer Support	Personal clients: +44 207 614 4194, customer.service@ofx.com
	Business clients: +44 207 614 4195, dealers@ofx.com
	Partnerships: partners@ofx.com
	4th Floor, The White Chapel Building, 10 Whitechapel High St, London, E1 8QS

FIRMA Information

　　Under OFX, FIRMA offers worldwide payment and currency exchange services for both personal and business customers. FIRMA serves both individual clients and businesses with worldwide payment needs with products ranging from multi-currency accounts to mass payment systems to tools for managing currency risk.

Pros and Cons

Pros	Cons
Offers multi-currency accounts	Licence is currently revoked
Various transfer options, including app access	Exchange rate margins can vary
24/7 customer support

Is FIRMA Legit?

　　Under a Payment Licence, the Financial Conduct Authority (FCA) in United Kingdom oversaw FIRMA Foreign Exchange Corporation. Effective from May 3, 2018, the licence number was 541034; it expires May 2, 2024. But the licence status is **Revoked** right now, meaning FIRMA no longer has an active FCA licence to offer regulated financial services in the UK.

Product and Service

　　FIRMA offers several foreign currency and worldwide payment options. Key products are multi-currency accounts, foreign payments, tools for managing currencies, and services especially tailored for companies like paying suppliers and employees abroad.

　　FIRMA provides tools like marketplace payments and Xero connection, thereby supporting e-commerce activities as well.

Product and Service	Supported
Foreign Exchange (FX)	✔
Multi-Currency Account	✔
International Business Payments	✔
Currency Risk Management	✔
Mass Payment Solutions	✔
Marketplace Payments	✔
Xero Integration	✔

FIRMA Fees

　　Applying their own margin on the interbank exchange rate, FIRMA, via OFX provides currency exchange services with fees and margins possibly less than those of conventional banks. The transaction method, the kind of account, and the exchange rates at the time of transfer will all affect the precise expenses.

Fee Type	Features
Exchange Rate Margin	FIRMA applies a margin to the interbank rate, which can differ from rates typically offered by banks.
Currency Exchange Rates	Based on the interbank rate with added margins as per OFXs customer rates instead of direct market rates.
Introductory Rate	Available for new UK customers on the first personal transfer for specific currencies, subject to terms.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
FIRMA Mobile App (OFX)	✔	iOS, Android	Users looking for mobile access to exchange rates and transfers on-the-go.
FIRMA Web Platform (OFX)	✔	Web	Users preferring browser-based access with full platform features for currency exchange and transfers.