Create a real-time currency exchange rate alert.

For snowbirds, foreign property purchasers, international students, expats and small business importers and exporters…

Join 130,000+ customers who use KnightsbridgeFX to beat their bank fees and save money on every exchange rate.

Banks charge as much as 2.5% (or more) hidden fees within the exchange rate that you see, every time you exchange currency. KnightsbridgeFX guarantees to reduce those fees (up to 5X), save you money and give you the 1-on-1 assistance you need.

Client Testimonial

I have saved literally hundreds of dollars on each transaction compared to what I had been getting from my bank…

Mike K, Snowbird & Property Buyer

“As a snowbird wintering down South, I obviously pay close attention to exchange rates. The entire process is very, very easy, and on top of that, their customer service is exceptional.“

BNN CTV The Globe and Mail Toronto Star CBC
Your savings with KnightsbridgeFX

Your savings with KnightsbridgeFX on exchanging US$10,000 compared to Canadian Bank rates

  • Bank
    Source
    CAD Saved
  • Scotia Bank
    $ 285
  • TD Bank
    $ 310
  • BMO Bank of Montreal
    $ 296
  • CIBC
    $ 323
  • Desjardins
    $ 308

Based on publically available information

KnightsbridgeFX is not affiliated with any bank

Updated August 2025

George P. – CEO at Tradepro Academy

KnightsbridgeFX saved us over $37,000 a year on exchange fees alone! When it comes time to converting money, this is the only place we use and trust for our needs. You can count on amazing service, quick turnaround and the trading desk is full of people who are friendly, professional and most importantly get you the best rate possible. We highly recommend KnightsbridgeFX to anyone for their exchange needs.

George P. – CEO at Tradepro Academy


S. Persaud

I have been doing business with KnightsbridgeFX for about 5 years now. Customer service is top-notch, never had any issues with the transfers. The exchange rates are unbeatable. Never going back to the Big Banks.

S. Persaud


David N. – home buyer

I bought a 35-year-old townhouse in Burlington, Ont. When closing the deal, I used a specialized dealer (Knightsbridge Foreign Exchange in downtown Toronto) and saved a huge amount, about $3,000 over what the bank quoted for U.S. dollars. Everything went smooth as a dream.

David N. – home buyer

Here's how you can get the best exchange rate in Canada and save money

  • 01

    Sign Up

    Register and submit your documents

    (ID and bank statement).

    3 minutes to complete
  • 02

    Get verified

    You get approved upon validation of your documents.

    Usually less than 1 business day.
  • 03

    Book a transaction

    Book your exchange online (via your Knightsbridge FX account), or through our customer service (phone, email, chat).

    Usually under 5 minutes
  • 04

    Send your funds

    Transfer your funds to us by: Bill Payment, Wire Transfer or EFT.

    Usually Same Day Processing (based on transfer method)
  • 05

    Receive your funds

    Your converted funds are transferred to the specified account (yours, someone else's or to a company)

    Usually Same Day Processing (if requested by wire)

A. Chlebowski

This is super easy and much better pricing than the banks. We have used your services in the past and will continue to do so with our US investments. Highly recommend just doing it through the chat bar on their home screen, so easy.

A. Chlebowski


Andrew Cross – CEO at GooseChase

KnightsbridgeFX has been a game changer for us. As a Canadian company that bills in USD but operates in CAD otherwise, we needed a really easy way to convert currencies at a great rate. KnightsbridgeFX has been perfect – super easy to set up a trade and phenomenal rates We’re saving thousands a year!

Andrew Cross – CEO at GooseChase

Exchange your funds securely

Your funds are safe - we have set aside $1,000,000 for consumer protection. KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788.

All transactions are secure, transparent and designed to secure your funds.

Exchange your funds securely
Our experts work for you

Our experts work for you

Get round the clock support and assistance from KnightsbridgeFX’s experts.

Our customer support team works around the clock to help you make informed decisions, and exchange your funds in the fastest and simplest way.

Beat the bank's rates, every time

We’ve transferred and converted over $20 Billion and have offered better rates than the banks in 100% of our cases.

Our team is dedicated to delivering the best exchange rates to our customers. Guaranteed.

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We work for our customers

Fast, simple and reliable

We work around the clock to offer unbeatable rates and fast delivery so you can exchange your funds easily and securely.

Built by an investment banker, who knows Canadians deserve better, more transparent rates

After years of working for one of Canada’s top banks in mergers and acquisitions, and getting recruited to work in a $550 million private equity firm, Rahim Madhavji knew the banks (who typically charge 2.5% or more in hidden fees on all exchange rates), weren’t offering competitive fees for their customers.

He saw countless customers throw their hard earned money away, and knew he had to find a way to offer more competitive rates that save people money.

13 years later, KnightsbridgeFX is now THE leading currency exchange service in Canada, dedicated to serving all your foreign currency exchange needs.

Rahim Madhavji

Better Business Bureau

Frequently Asked Questions

We are guaranteed to offer you a better exchange rate than your financial institution. If you find a better rate from a competitor, once we verify the exchange rate quote we guarantee that we will beat their rate.

Our typical transaction size is between $2,000 per transaction and up to $40 million annually. We like to keep our minimum to $2,000 but we have some flexibility.When sending funds outside of Canada, intermediary banks and receiving banks may charge the receiving customer to receive a transfer.

Client funds are held in segregated client account at a major Canadian financial institution, separate from operating accounts, and are completely secure. A trade confirmation contract on our letterhead is sent to you upon execution of your currency transaction confirming all agreed upon details for your records. All transactions have a confirmation number and can be traced electronically with Canadian banks. Funds can be transferred quickly, generally same-day or next business day back to your specified destination. Funds are transferred securely by wire transfer or direct deposit.

All companies that transmit money in Canada must be registered and regulated by FINTRAC. We are registered and regulated by FINTRAC ( a Government of Canada agency) and our registration number is M09819788.

Over several billions of dollars have been converted for thousands of our Canadian clients and we have a number of testimonials in third party reputable business media including the Toronto Star and Globe and Mail.

Our client account and relationship with our Canadian financial institution is in good standing and they are willing to verify this with a bank letter or phone reference (please contact us if required).

We are conveniently integrated with all Canadian banks and you can test our service with a small amount to see how it works.

The rates change based on the amount you exchange. You can check the rate at any point by using the exchange calculator in your online account or our website . Furthermore, if you call or email us with the amount you want to exchange, we can give you the rate inclusive of our fees based on the dollar amount you are exchanging.

We are not able to accept payments by cash, cheque, or bank draft.

Our large transactional volume allows us to obtain purchasing power – we buy in bulk and pass on the great exchange rates to you along with free wire transfers. Moreover, unlike us, banks have very complex infrastructures and charge hidden fees to be able to cover their costs.

Banks are required to work with us for anti-competitive reasons.

You can easily open a free corporation account by clicking here or navigating to the Sign Up page in the top menu. Follow the registration steps, provide your company information, and upload the required validation documents. Once your account is activated, you can start booking your first trades.