Future Forex

Future Forex

Financial Services

Cape Town, Western Cape 3,058 followers

About us

Future Forex is a leading financial services provider (FSP 51884) transforming the South African finance industry through innovation, automation, and total transparency. Whether you’re moving money internationally or seeking low-risk, high-yield returns, our team of 100+ experts is committed to assisting you as best as possible. As a first step on our journey, we established ourselves as the market-leader in one of the most lucrative, low-risk investment opportunities in South Africa, Crypto Arbitrage, which to date consistently outperforms traditional investments. As a result of our robust governance and excellent track record, we were approved as one of the first CASPs (Crypto Asset Service Providers) in South Africa. While expanding our Crypto Arbitrage service, we scaled our systems to process billions of Rands in forex transactions, and fostered strong relationships with partner banks. In doing so, we discovered that international money transfers for South Africans were far more difficult, expensive and opaque than necessary. We have since set out to correct this, offering individuals and SMEs a seamless and transparent alternative. Our goal is to continue assisting South Africans in prospering, by challenging the status quo in the finance space.

Website
https://futureforex.co.za/
Industry
Financial Services
Company size
51-200 employees
Headquarters
Cape Town, Western Cape
Type
Privately Held
Specialties
Forex, Arbitrage, International Payments, Personalised Service, Currency Remittance, AIT Applications, SARB Applications, Imports/Exports, Financial Emigration, and Expats Living Abroad

Locations

  • Primary

    66 Roeland Street

    3rd Floor

    Cape Town, Western Cape 8001, ZA

    Get directions

Employees at Future Forex

Updates

  • View organization page for Future Forex, graphic

    3,058 followers

    We are incredibly honoured to announce that Future Forex has won the Best in Technology Award at the 2024 BCX Digital Innovation Awards! 🏆 This prestigious award, our biggest recognition to date, celebrates excellence in digital innovation across South Africa. While we pride ourselves on leveraging cutting-edge technology to streamline our services, what truly sets us apart is our client-first approach: assigning a dedicated expert to each client to guide them through both our International Money Transfer and Crypto Arbitrage services. It's always been our philosophy that technology should only enhance, not replace, a personal touch. A huge thank you to our incredible team for making this achievement possible, and to our clients for inspiring us to deliver tailored, world-class solutions. We’re proud to continue leading innovation in the finance industry!

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  • Let's take a look at how the South African Rand (ZAR) is faring against the US Dollar (USD) in our Weekly Currency Update 🔍 The Rand strengthened 0.64% against the US Dollar (USD) this past week, with USD-ZAR opening last week at 18.76 and currently trading at 18.64. Positive local economic data supported the Rand last week, including lower-than-expected domestic inflation for December and a strong year-on-year growth in November retail sales, which marks the ninth consecutive month of increases and the most substantial growth since mid-2022. However, the Rand started this week on a weaker note as markets await key data releases. On Wednesday, the US Fed is expected to hold interest rates steady, while on Thursday, we anticipate a 25-basis-point rate cut by the SARB. Looking to send money abroad or receive an international payment? 🌍Get in touch with us to enquire about our unbeatable service and transparent pricing for your forex transactions: https://lnkd.in/d7giAjgR

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  • View organization page for Future Forex, graphic

    3,058 followers

    Bank customers in South Africa have long complained about the challenges of sending and receiving international payments – and with good reason. From exorbitant hidden fees to poor customer service and manual processes, traditional banks have made forex transactions unnecessarily expensive and cumbersome - leaving both individuals and SMEs to bear the burden. In our latest Moneyweb article, discover how Future Forex's fully transparent pricing, expert-led service, and innovative technology can streamline your experience and ensure your funds go as far as possible 🌍

  • Navigating exchange rate fluctuations is a key challenge for businesses operating internationally. At Future Forex, our specialists partner with your business to develop tailored risk management strategies, ensuring you protect your bottom line while we simplify your cross-border transactions. With our comprehensive forex service and easy-to-use risk management tools, you can: • Lock-in a rate for future payments with fixed, semi-optional or fully optional Forward Exchange Contracts (FECs). • Benefit from a Customer Foreign Currency (CFC) Account for your business to pay, hold and receive foreign currency. • Experience expert assistance at every step, from your SARB approvals to BoP submissions, at no extra cost. Learn more about how we can assist your business: https://lnkd.in/dkczsEBH 

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  • View organization page for Future Forex, graphic

    3,058 followers

    Celebrating 5 Years of Innovation and Growth! 🎉 Since our inception in 2020, Future Forex has been disrupting the South African finance industry with fully transparent, cutting-edge, and client-first solutions in both the Arbitrage and International Money Transfer space. As a fully licensed FSP, CASP and TOC, we're committed to innovation, exceptional service, and delivering unparalleled value to our clients. We’re excited to continue pushing boundaries and leading the way in the FinTech space. To our team, clients and partners - thank you for being an integral part of our journey so far! This is only just the start of our mission 🌍

  • Let's take a look at how the South African Rand (ZAR) is faring against the US dollar (USD) 🔍 The Rand strengthened 1.95% against the US Dollar (USD) this past week, with USD-ZAR opening last week at 19.13 and currently trading at 18.76. After weakening to R19.17/$ due to stronger-than-expected US jobs data, the Rand rebounded to R18.75/$ by Wednesday last week, supported by higher-than-expected US inflation figures that renewed expectations of multiple Fed rate cuts in 2025. Emerging market currencies, like the Rand, typically benefit from US rate cuts due to increased foreign investment driven by higher liquidity. Markets are cautious ahead of Trump's inauguration today, with uncertainty over potential tariffs and tax plans. Meanwhile, key local data releases to expect this week include mining production data and retail sales figures for November, as well as December's consumer inflation data. Looking to send or receive international payments? 🌍 Discover our unbeatable service and transparent pricing: https://lnkd.in/d7giAjgR

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  • "Crypto typically reacts similarly to an emerging market currency like the Rand." In a recent panel discussion with CNBC's Fifi Peters, our CEO, Harry Scherzer, shared his insights on crypto's outlook for 2025. Following Bitcoin's surge past $100,000, due to pro-crypto Donald Trump's victory in the 2024 US election, it's uncertain whether his presidency will lead to another rally or a downward price correction. In the below snippet of Wednesday's interview, Harry sheds light on the key factors that may influence the crypto market's trajectory, from the impact of anticipated vs realised outcomes of Trump's policies, to macroeconomic trends like US interest rate cuts and Bitcoin's correlation to risky asset classes. You can watch the full interview here: https://lnkd.in/dVUVJRBH 

  • Is your business moving money internationally? 🌍 As the South African Reserve Bank (SARB) is responsible for regulating the flow of capital in and out of South Africa, businesses are required to obtain approvals for certain types of transactions involving foreign currency. At Future Forex, our specialised team will assist your business with its SARB applications at no extra cost, ensuring your international money transfers are simple, seamless and affordable. Talk to one of our Business Forex experts: https://lnkd.in/dyt2w7AH #SARB #Compliance #BusinessForex

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  • Let's take a look at how the South African Rand (ZAR) is faring against the US dollar (USD). The Rand weakened 3.02% against the US Dollar (USD) this past week, hitting its lowest level in 8 months. USD-ZAR opened at 18.56 and is now trading at 19.13. This decline followed stronger-than-expected US jobs data, with December's non-farm payrolls exceeding forecasts and unemployment dropping to 4.1% from 4.2% in November. These results suggest the Fed may pause rate cuts later this month, reducing support for emerging market currencies like the Rand. This week, markets will be watching Wednesday’s release of December’s US CPI inflation data, expected to rise to 2.8% from 2.7% in November. This will likely shape the Fed's next moves. Looking to send money abroad or receive an international payment? 🌍 Get in touch with us to enquire about our unbeatable service and transparent pricing for your forex transactions: https://lnkd.in/d7giAjgR

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  • View organization page for Future Forex, graphic

    3,058 followers

    "The big elephant in the room is Donald Trump." Our CEO, Harry Scherzer, recently joined HOT102.7FM's Jeremy Maggs to unpack the factors influencing the Rand’s performance in 2024. Despite several tailwinds throughout the year, including the formation of a GNU, interest rate cuts in both the US and SA, record-high gold prices, and reduced load-shedding, the Rand closed 2024 near its opening levels. Looking ahead to 2025, Donald Trump’s policies could be pivotal in shaping the Rand’s trajectory: a favourable stance towards SA would strengthen the currency, while an "America First" or anti-BRICS approach could exert downward pressure. Amidst ongoing uncertainty, diversifying offshore rather than holding 100% of your assets in Rands remains key to mitigating risks. You can listen to the full interview below:

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