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KnightsbridgeFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-28 15:35

Abstract:  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 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

Related broker

No Regulation
KnightsbridgeFX
Company name:Knightsbridge Foreign Exchange
Score
1.57
Website:https://www.knightsbridgefx.com/
5-10 years | Suspicious Regulatory License | High potential risk |
Score
1.57

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