ICE operates commercial foreign exchange and brokerage services under
Raphaels Bank when offering foreign exchange brokerage services.
Raphaels Bank is one of the oldest independent banking houses in the United Kingdom established in 1787. Raphaels Bank has now developed into one of the UK's leading foreign exchange brokers offering private clients and companies' access to commercial rates of exchange and a first-class service.
Raphaels Bank has offices in central London and Aylesbury in Buckinghamshire. Raphaels Bank works closely with hundreds of companies of various sizes and forex exposure and has helped thousands of private clients transfer funds around the globe. Raphaels can pay (upon confirmation) a solicitor, vendor, notary, supplier or bank account directly, saving time and money.
Raphaels Private Client desk works with individuals who are buying property abroad, emigrating or making one-off or regular transfers. By using "date-watch", "rate-watch" facilities and applying relevant market knowledge, Raphaels Bank works closely with its clients so they can achieve the best exchange rates for their transaction(s).
Raphaels Corporate desk works with companies who have any amount of foreign exchange exposure ranging from payments of overseas invoices to international investments to moving overseas revenues. Raphaels Bank corporate clients enjoy competitive exchange rates, a dedicated team and the security of working with a private bank.
Unlike the majority of foreign exchange brokers, as a private bank Raphaels Bank is regulated by the Financial Services Authority. One of the major benefits of this is that Raphaels are required to report to the FSA at the close of each day, what positions are being held by Raphaels which creates transparency and additional security. When your funds are held with Raphaels Bank they are held in a client holding account that forms no part of their assets. As a regulated bank, they can guarantee £50,000 per client (so a couple could have up to £100,000 guaranteed) should anything happen to the bank under recent government legislation. A provision that cannot be applied to most foreign currency brokers.
To open an account with Raphaels Bank, feel free to call during office hours on 0800 587 8722 or alternatively please visit the
Raphaels Bank website.