After BC extends foreign exchange limit, Freex prepares for global expansion

The recent decision by the Central Bank of Brazil (BC) to increase the limit for foreign exchange operations conducted by non-banking institutions to US$500,000 opens new opportunities for Freex, a foreign exchange brokerage that received its operating license from the BC in May 2024. Headquartered in São Paulo (SP) and under the leadership of Tiago Ramos (CEO), Freex aims to capitalize on this regulatory move to accelerate its expansion and offer agile and transparent foreign exchange solutions to its clients.

Freex is controlled by BSP Holding and American entrepreneur Johnathan Palmer, with Westbull Financial LLC as the main investor. Since BC approval, Freex has been dedicated to consolidating its operations and implementing a robust infrastructure to meet the demands of the foreign exchange market.

“We are deeply committed to ensuring that, from the very beginning of our operations, we can offer professional foreign exchange solutions that reflect our values of transparency, agility, and freedom for our partners and clients,” stated Tiago Ramos, CEO of Freex.

Freex is developing advanced technological projects to personalize customer service, including the integration of artificial intelligence (AI) and the strengthening of cybersecurity. Furthermore, the brokerage has already outlined an ambitious international growth plan, with the intention of establishing foreign exchange outposts in Miami, Dubai, Singapore, and China by the end of 2025.

To differentiate itself in the market, Freex is forming strategic partnerships with financial institutions to offer foreign currency current accounts (CCME) and transaction intermediation. The company has already initiated collaborations for tourism exchange and fast remittances, in addition to negotiations with banks for the offering of CCME, aiming to broaden its range of services and provide a comprehensive and efficient experience for its clients.