The Money Cloud

The Money Cloud is a comparison and introduction service for delivery-based FX providers, which also arranges international transfers for individuals and businesses.

Services The company lists comparison of delivery FX providers and organisation of international transfers. Rather than converting currency on its own balance sheet, it points clients towards providers in a marketplace.

Provider type The source classifies it as a partner or marketplace model. The executing provider and the contractual terms must be chosen at the level of the individual partner, which means the licence, safeguarding arrangements and exchange rates that apply to a transfer are those of the partner selected, not of the marketplace itself.

Who it suits People and companies who want to see several FX quotes before committing and do not have the time to approach providers one by one. Importers and expatriates sending money home are typical users of such services, though the source does not name specific segments.

What to clarify Partners on the panel, fees, any commission paid by providers, minimum amounts and countries served are not stated in the source data.