Where it makes sense, we are able to provide full scale FX Audits which we find work hand in hand with our expertise in writing strategy. By doing this we can work backwards to exemplify if businesses have been overcharged or mis-sold to.
Banks and Brokers are currently making headlines due to Foreign Exchange mis-selling and this poses an opportunity to Jackson Swiss to provide a better, fairer, transparent service.
We have found that clients have experienced large hidden fees, inaccurate forward pricing, off-the-shelf hedging strategies and complex derivatives that often pose much more risk to a business than is understood by the business taking out the product.
FX Derivatives are complex by nature and banks/brokers can easily build extortionate profits into the trades which is not in their clients' best interest because where the bank wins, the client loses. However, not all FX Derivatives are bad and some can serve a useful purpose, when used correctly.
Where it is clear that our clients have been mis-sold FX products in the past, particularly through the selling of regulated products where the risk may not have been properly explained to all shareholders, we are able break down previous trades and re-structures and disclose the full hidden costs of these products, before working a more bespoke, objective and rules-based policy.