Knightsbridge Foreign Exchange is Canada's leading non-bank FX dealer for large transfers. Founded 2008, FINTRAC-registered, used by thousands of Canadian businesses for B2B currency hedging. Margins under 0.5% on transfers over $50K — half the cost of Wise at that level. Forward contracts available for locking rates up to a year out.
★ OUR SCORE9.6 / 10Top choice for transfers over $25K. Wise wins under $10K. Knightsbridge wins everything above.
★ PROS
Canadian-owned, FINTRAC-registered since 2008
Margin under 0.5% for transfers over $50K
$0 transfer fee regardless of amount
Dedicated dealer for transfers over $25K
Forward contracts available — lock rates up to 1 year ahead
Used by Canadian businesses for B2B FX hedging
★ CONS
Minimum transfer $5,000 — not for small remittances
No mobile app for small transactions
Less brand recognition than Wise
No multi-currency holding account
★ WHO USES KNIGHTSBRIDGE
Buying US real estateSnowbirds buying Florida/Arizona property
Repatriating proceedsSelling overseas property and bringing money home
International tuitionParents paying $50K+/yr to UK/US universities
Business AP/ARImporters/exporters managing currency risk
InheritanceRepatriating estate proceeds from abroad
Forward contractsLocking USD rate for known future expense
★ THE BOTTOM LINE
If you wire $25K+, call Knightsbridge first.
For transfers under $5K, Wise is the easier option (app, instant). For transfers $25K and up, Knightsbridge is meaningfully cheaper, gives you a real human dealer, and offers forward contracts that Wise doesn't. Canadian-owned, FINTRAC-registered, decade-plus operating history.