Clear Currency Review Verdict
Clear Currency is a foreign-exchange broker built for larger, planned transfers. You deal with a named person, you can lock a rate in advance, and the money moves bank to bank rather than through a card or app.
Its strength is the big, considered transfer. Buying property abroad, emigrating or moving company money, you get no transfer fee, a tight margin and a dealer who can fix your rate for the future.
The weak point is transparency. You cannot see your exact rate until you register or call, and it offers no mobile app, so a low-cost app usually wins on small everyday sends.
We weighed both jobs. For a large transfer Clear Currency earns its place, and its lower minimum makes it easier to reach than some rivals, but a dedicated app is cheaper for small sums.
Best for
- Large, planned transfers such as overseas property or emigration
- Businesses managing currency risk with forward contracts
- People who want a named dealer rather than a self-service app
Look elsewhere if
- You send small sums and want the lowest cost
- You want a mobile app and instant self-service
- You need cash pickup or a mobile-wallet payout
How Much Does Clear Currency Cost?
No transfer fee, a low minimum
We checked where the charges fall. Clear Currency advertises no transfer fee on international payments, so the whole cost sits in the exchange rate rather than a flat charge.
One point helps smaller senders. The minimum transfer is a soft figure of about £1,000, well below the £5,000 wall some rival brokers set, so it opens the door wider.
The real cost is the exchange rate
This is how the firm makes its money. Clear Currency does not give the mid-market rate; it builds a margin into the rate, reported at roughly 0.2 to 0.6% for private clients against 3 to 5% at a high-street bank.
The margin narrows as the amount grows. A larger transfer attracts a tighter rate, and on big sums your dealer can negotiate, which is where the broker model does its best work.
What you cannot see upfront
This is the catch. Clear Currency does not show your exact rate before you register, so you sign up or call a dealer for a quote rather than compare a live number on the page.
We treat the margin figures as a guide. The firm does not publish a fixed percentage, so confirm the live rate with a dealer before you commit a large sum.
Worked Example: Sending £10,000 to Euros
We model sending £10,000 to euros, a realistic size for the planned transfers this broker suits. On 30 June 2026 the pounds to euros market rate was about 1.1604, so £10,000 is worth roughly €11,604. Rates move daily, so figures are illustrative.
| £10,000 sent to euros | Fee | Rate used | Recipient gets |
|---|---|---|---|
| Market benchmark | n/a | ~1.1604 | ~€11,604 of value |
| Clear Currency | none + ~0.5% margin | ~1.1546 | ~€11,546 |
| Wise, for comparison | ~£40 fee, mid rate | ~1.1604 | ~€11,558 |
Read it like this. With no fee but an estimated margin near 0.5%, £10,000 buys about €11,546, a little behind a market-rate app such as Wise on the same amount.
The picture shifts with the job. Clear Currency earns its keep on rate-locking and a named dealer for big planned transfers, not on beating a transparent app for pure spot.
Costs to watch
- No transfer fee, but the cost sits in the exchange rate
- You cannot see the exact rate before you register
- A margin of roughly 0.2 to 0.6% is built into the rate, not shown separately
Can You Actually Send Money Abroad With Clear Currency?
How sending works
Clear Currency sends money straight to a recipient's overseas bank account, across the major currencies. You fund it by UK bank transfer, and the firm pays out to the beneficiary on the other side.
It is bank-to-bank only. No cash pickup and no mobile-wallet payout, so the recipient needs a bank account, and major routes such as euros or dollars usually settle within two working days.
Where it fits
For a large, planned payment this model suits the moment. Buying in Spain or France, you can see provider options on the send money to Spain page, then weigh a broker against an app.
For small or one-off sends, an app is simpler. A low-cost app handles modest transfers more cheaply and instantly. Start with our money transfer reviews.
The Real Strength: Forward Contracts and a Named Dealer
Locking a rate for the future
We rate Clear Currency highest on planning a big transfer. A forward contract lets you fix today's rate for a payment up to about 12 months away, which protects a property budget from a falling pound.
The trade-off matters. A forward needs an upfront deposit, around 5 to 10%, and the contract is binding, so you must complete it even if a purchase falls through.
A human on the phone
The other draw is the dealer. Every client gets a named account manager, alongside a web platform for live quotes, booking transfers and managing beneficiaries once you register.
This suits a first big transfer. Someone navigating an overseas purchase or emigration gets guidance on timing and paperwork, which a purely automated service does not offer.
Clear Currency Pros and Cons
✓Pros
- No transfer fee on international payments
- An FX margin reported around 0.2 to 0.6%, far below high-street bank rates
- A soft minimum near £1,000, lower than many broker rivals
- Forward contracts to lock a rate up to about 12 months ahead
- A named dealer for guidance on large, complex transfers
✕Cons
- You cannot see your exact rate before you register
- No mobile app and no instant micro-payments
- Funds are safeguarded but not FSCS-protected
- Published pricing detail is thin
- Trustpilot reviews come through an invited model, so read them with care
Is Clear Currency Safe?
Who runs it
We read the FCA Register. Clear Currency is a trading brand of Clear Treasury (UK Trading) Limited, an Authorised Payment Institution under firm reference number 708529, authorised since April 2018 and run from the City of London.
The permission is live. That confirms a regulated UK operation, and the money is held only briefly to carry out a transfer rather than kept as a stored balance.
How your money is protected
Here the detail matters. As a payment institution, Clear Currency must safeguard your funds by ring-fencing them in segregated accounts at a bank, separate from its own money.
That is not bank cover. It carries no FSCS protection, so the £120,000 guarantee does not apply, and in an insolvency an administrator could take costs from the safeguarded pool before clients are repaid.
The checks you will face
Expect real verification, especially on big sums. The firm runs identity checks and, for large or property-related transfers, asks for proof of where the money came from, such as a solicitor's letter.
These are standard practice. The onboarding and source-of-funds checks can feel slow, though they are normal anti-money-laundering steps for a firm moving large amounts.
The reviews worth weighing
We looked at the customer view, and it reads warm. On Trustpilot Clear Currency scores about 4.8 out of 5 from roughly 354 reviews, a deeper base than many broker rivals can show.
One caveat applies. The firm asks customers to leave reviews and pays for its Trustpilot profile, so the score skews high and is best read as a good sign rather than a guarantee.
Reputation themes
The praise has a pattern. Reviewers name their account manager and credit smooth handling of large property transfers and clear guidance for first-timers.
The grumbles are practical. People cite the phone-led sign-up and the lack of a rate shown before registering, so plan around both before you commit.
Using Clear Currency: Platform, Funding and Support
Getting started. Register online and pass an identity check, uploading a passport or licence if asked. Large transfers also need proof of the source of your funds before they can proceed.
Paying in. Fund a transfer by UK bank transfer from your own bank, with no cash or cheques accepted. A named dealer can handle larger or more complex deals by phone.
Support. A named account manager is your main contact, reachable by phone in UK market hours, and works through a web platform for quotes and tracking rather than a dedicated mobile app.
How Does Clear Currency Compare?
We rate Clear Currency against the services people weigh it against. You can sense-check today's costs across providers with a live comparison of today's rates and fees.
Its closest peers share the model. Our Currency Solutions review and Privalgo review cover broker rivals with named dealers and forward contracts, though Privalgo sets a higher £5,000 minimum.
For small transfers, an app wins. Our Wise review covers a service at the mid-market rate with a low, clear fee, which beats a broker whenever you are sending a modest amount. Two more UK brokers sit close by: our Lumon and GC Partners reviews.
Final Verdict: Is Clear Currency Worth It?
As a broker for large, planned transfers, Clear Currency does its core job well. It charges no transfer fee, keeps its margin tight, locks rates with forward contracts up to a year ahead and pairs you with a named dealer, and its soft minimum near £1,000 makes it easy to reach.
What holds it back is transparency. You cannot see your exact rate before you register, it offers no mobile app, published pricing is thin, and your money is safeguarded rather than FSCS-protected.
That balance lands it at 3.5 out of 5. Clear Currency is a strong choice for moving a property deposit, an emigration lump sum or business payments, and a low-cost app is still simpler for small everyday sends, so match it to the size of your transfer.
Clear Currency FAQs
Yes. Clear Currency is a brand of Clear Treasury (UK Trading) Limited, an FCA Authorised Payment Institution under firm reference number 708529. Your funds are safeguarded in ring-fenced accounts, but they carry no FSCS cover.
Clear Currency charges no transfer fee. The cost sits in the exchange-rate margin, reported at roughly 0.2 to 0.6% and tighter on larger sums. The minimum transfer is a soft figure of about £1,000.
For small transfers, usually no. A transparent app such as Wise gives the mid-market rate with a low fee, while Clear Currency builds its margin into the rate and earns its keep on large or future-dated transfers and dealer service.
A forward contract locks today's exchange rate for a transfer up to about 12 months ahead, which suits property buyers, emigrants and businesses protecting a budget. It needs an upfront deposit and is binding, so you must complete it even if your plans change.
Your funds are safeguarded, meaning held separately from company money at a bank, but not FSCS-protected. If the firm became insolvent, an administrator could take costs from the safeguarded pool before clients are repaid, so it differs from bank protection.
Yes. Clear Currency is a brand of Clear Treasury (UK Trading) Limited, an FCA Authorised Payment Institution under firm reference number 708529. Your funds are safeguarded in ring-fenced accounts, but they carry no FSCS cover.
Clear Currency charges no transfer fee. The cost sits in the exchange-rate margin, reported at roughly 0.2 to 0.6% and tighter on larger sums. The minimum transfer is a soft figure of about £1,000.
For small transfers, usually no. A transparent app such as Wise gives the mid-market rate with a low fee, while Clear Currency builds its margin into the rate and earns its keep on large or future-dated transfers and dealer service.
A forward contract locks today's exchange rate for a transfer up to about 12 months ahead, which suits property buyers, emigrants and businesses protecting a budget. It needs an upfront deposit and is binding, so you must complete it even if your plans change.
Your funds are safeguarded, meaning held separately from company money at a bank, but not FSCS-protected. If the firm became insolvent, an administrator could take costs from the safeguarded pool before clients are repaid, so it differs from bank protection.
Verified 1 July 2026. Provider data cross-checked against the FCA Register, Companies House, the live Clear Currency site, fee and margin detail from recent research, the live Trustpilot count and score and a live GBP/EUR rate. Rates and fees move daily; confirm the live figure before sending.
Currency Expert compares money transfer providers and may earn a commission when you use our links. It does not change how we rank providers or what we say below. Rates and fees move, so the figures here are dated and illustrative; confirm live costs before you send.