Premier FX Limited was a payment institution authorised by the UK's Financial Conduct Authority (FCA). The company primarily offered foreign exchange services to UK expatriates, particularly those buying property in Spain and Portugal. It facilitated currency exchange and international money transfers. The company ceased trading and entered administration in August 2018 following the death of its sole director, Peter Rexstrew. Subsequent investigations by administrators revealed a massive shortfall in client funds, and the UK's Serious Fraud Office (SFO) has since opened a criminal investigation into the firm, which was found to have been operating a "Ponzi-like" scheme.

Founded in

Portugal