Founded: 2018

Products: Subscription-based cloud-hosted platform for FX risk management

Overview: FXGuard is a UK-based fintech company offering an online platform designed to cater to a wide range of users – from the smaller businesses that may not have specific FX expertise to larger firms with specialised treasury functions – enabling them to analyse and mitigate their FX exposures.

The platform provides several features designed to streamline FX risk management. Key tools include Risk Insight, which supplies businesses with a detailed understanding of their currency risk exposure; the FX Exposure Calculator, which quantifies the associated risks; and Risk Impact, which helps evaluate the potential financial implications of FX movements.

Other tools include Risk Alert to notify businesses of significant currency shifts, and Market Intelligence, which provides relevant market information and analytics. A live reference price checker for spots and forwards is also available, with mid-rates obtained from independent provider Xignite. This also delivers historical FX spot data on any chosen currency pair, employed, for example, for charting or accounting purposes.

In terms of trade fees, regular users can opt for the monthly subscription service to obtain the institutional rates that FXGuard sources directly from the market, with no additional spread applied. Alternately, occasional traders can opt for the standard plan. This has no subscription fee and instead levies a transparent fixed fee (0.10%) per trade. Margin collateral for FX Forwards applies but users can sign up to dealing without margin for a pre-agreed credit charge, based on hedge duration and credit profile.

FXGuard is regulated in the UK.

Clients: SMEs with turnovers ranging from £1m to £100m from UK, Europe and Middle East

Revenue: Undeclared

Active region(s): EMEA, and global (via Bloomberg App portal)

Partners: FXGuard app on Bloomberg App portal

Employees: Between 10 and 50

Funding: Privately funded

Ownership: Privately owned

Unique selling point: “FXGuard is specifically designed for SMEs, offering an affordable, subscription-based platform for managing FX risk. The platform is user-friendly and technology-driven, providing tailored solutions that empower business owners, finance teams, and treasury specialists to efficiently handle currency risks. With a comprehensive suite of tools, including risk analysis and mitigation strategies, FXGuard simplifies the complex task of FX risk management for smaller businesses that may lack dedicated FX expertise. Its cost-effective approach ensures that SMEs can access professional-grade risk management solutions without the burden of traditional complex and expensive offerings.”

Website: https://fxguard.co.uk

Email: [email protected]

Phone: +44 20 8168 0505

TMI view: Here’s an FX risk management platform with a subscription option aimed at facilitating simpler trade execution, price transparency, and greater cost-effectiveness for a wider range of end users.