Universal Securities & Investments limited are authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 574754, for the provision of payment services. RAQAM is also a registered MSB with HM Revenue & Customs

RAQAM accepts funds by bank transfer. A bank transfer can be made online via your own online banking system or by visiting any branch of your bank. Clients with phone banking will also be able to use this to instruct a transfer.

These are the two main types of deals that are available in the foreign exchange market. Spot is a foreign exchange trade with the settlement time of two business days. A forward is similar to spot, but the settlement date can be set up to six months forward. This allows you to guarantee today's exchange rate on payments you need to make or receive in the future. We can offer two types of forward currency exchange contracts.

Opening an account with RAQAM is simple. Just register online as a individual or corporate FX account. Once your information is received a member of our team will contact you to explain the process.

RAQAM does not charge any commission to transact your payments for values over £1,500. Any payment made below this will incur a £10 transfer fee.

The UK holds one of the biggest Foreign Exchange markets in the World. RAQAM has access to several treasury departments and are able to execute wholesale rates on all the major currencies. If you are looking for Spot or Forward buys or possibly want us to become your exchange department and monitor rates for you, our flexible approach makes RAQAM the ideal partner to trade your FX with.

RAQAM holds client monies in segregated client accounts with its principle bankers. The Payment Services Regulations 2009 stipulate that all funds held in such accounts cannot be claimed by creditors. All funds sent to us are held in segregated accounts that are only used for client transactions and are independent of the RAQAM business accounts.

RAQAM abides and complies fully with the Data Protection Act 1998, which protects customers against the misuse of personal data held across both manual and electronic records.