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When you exchange currency with banks

3% of your hard-earned money goes on bank fees

This means that for every $10,000 you exchange, you are giving the bank $300 which should actually be in your pocket.

Why be so generous to the banks? It's time you start saving and exchange currency in a smarter, better way.

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- Bank
- Source
- CAD Saved
- Scotia Bank
- View
- $ 285
- HSBC Canada
- View
- $ 256
- TD Bank
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- $ 310
- BMO Bank of Montreal
- View
- $ 296
- CIBC
- View
- $ 323
- Desjardins
- View
- $ 308

Based on publicly available information. KnightsbridgeFX is not affiliated with any bank Updated October 2023

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KnightsbridgeFX has an A+ rating with the Better Business Bureau.

When you convert your funds with KnightsbridgeFX, your savings add up.

You could be one step closer to that dreamy exotic trip once the pandemic is gone, to giving your home office a cozier touch or even making a deposit for your long-desired new car.

Think about it. Would you rather give this money to the bank or keep it to yourself?

Use our savings calculator to see how much you can save on your next transaction

Take advantage of the best exchange rates when buying US real estate, moving to another country, sending money to family, and paying foreign tuition.

Free same-day transfers, no hidden fees and professional service.

Our converter uses mid-market rates. The rate is subject to change.

Interbank Rate: 1 USD = 1 USD

You sell

CAD

You get

USD

265

Your savings when exchanging with KnightsbridgeFX instead of your bank.

Lock your exchange rate

Trusted by 100,000+ customers

We've transferred over $14 Billion for our customers and save people and business millions of dollars in hidden fees.

“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

“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

“It was easy to use, very friendly stuff… I exchanged Candian for US dollars and everything worked out quickly just in time for my trip to the States and everything worked out quickly just in time for my departure. Would highly recommend it to anyone wanting to exchange funds.“

David F. - traveler

How come we are so determined to save you money?

Because we know how much hard work goes into that money and it's only fair you make the most out of it.

You see, back in 2009, when KnightsbridgeFX was founded, our president Rahim Madhavji had just quit his $200.000 job as an investment banker. There was one idea that kept him awake at night: finding a better way to exchange currency than most banks were offering.

Given his background, Rahim knew all about the fees banks were charging and saw how commissions kept adding up, creating real expenses for you, the customers.

The money you save when exchanging currency with KnightsbridgeFX could mean better education for your kids, refreshing the design of your home, or maybe increased profit of your company.

Whatever the reason for your currency exchange, we are here to help you save money.

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.

George Papazov - CEO of TRADEPRO Academy

Homeowners and property buyers

Import and export businesses

Recurrent money transfers and exchange

Paying foreign tuition

We've worked with business owners, importers, exporters, property buyers, students, and many other individuals.

Thus we know how important the security of your funds is so we made it our mission to not only bring you the best exchange rates in Canada but also offer a safe way of trading your funds.

We have set aside $1,000,000 for consumer protection, so your funds are 100% safe.

“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.”

Mike K, Snowbird & Property Buyer

“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

It's time you stop overpaying with your bank on foreign exchange

We are built to beat bank exchange rates and save you money. Our team is dedicated to delivering the best exchange rates to our customers. Guaranteed.

Watch the video to learn how we work

Stop overpaying with
your bank on foreign exchange

We are built to beat bank exchange rates and save you money

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Knightsbridge Foreign Exchange is registered and regulated by FINTRAC (a government of Canada agency). Like most financial institutions, we are required to validate the identity of all clients. We have strict measures in place to protect your privacy.

You're 0% there.

We are FINTRAC regulated. Our registration number is
M09819788.

100,000+
Satisfied customers

There is no obligation
to transact and
no hidden fees.

We guarantee to
beat your bank's rate
100% of the time.

Are you or any close relative a Politically Exposed Foreign Person?

(Head of State, Member of Senate, House of Commons, or Legistrature, etc)*

Yes

I confirm I am not transacting on behalf of a third party and I have read and I agree to the Terms and Conditions*

Knightsbridge Foreign Exchange is a BBB Accredited Business. Click for the BBB Business Review of this Foreign Currency Exchange Broker in Toronto ON

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

KnightsbridgeFX is registered and regulated by FINTRAC (Government of Canada Agency).
Our registration number is M09819788

Frequently Asked Questions

1 Tell me about Knightsbridge Foreign Exchange's Best Rate Guarantee.

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.
2 What is the minimum amount I can exchange?

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.
3 Tell me more about the security of funds.

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.
4 Why don’t you show your rates online?

The rates change based on the amount you exchange. 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.
5 Can I pay with physical cash, cheque, or bank draft?

We are not able to accept payments by cash, cheque, or bank draft.
6 How can you get an exchange rate better than what banks offer?

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.
7 Why banks allow you to use them when you are a competitor?

Banks are required to work with us for anti-competitive reasons
8 How do I register as a Corporation?

Fill in the Corporate Form here.