The recent decision of the Central Bank of Brazil (BC) to increase to US$ 500 thousand the limit of foreign exchange transactions carried out by non-banking institutions opens new opportunities for Freex, an exchange broker that received its operating license from the BC in May 2024. Based in Sao Paulo (SP) and under the leadership of Tiago Ramos (CEO), Freex aims to capitalize on this regulatory movement 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 the approval of BC, 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 beginning of our activities we can offer professional foreign exchange solutions that reflect our values of transparency, agility and freedom for our partners and customers,”, said Tiago Ramos, CEO of Freex.
Freex is developing advanced technology projects to personalize customer service, including the integration of artificial intelligence (AI) and the strengthening of cybersecurity.In addition, the broker has already outlined an ambitious international growth plan, with the intention of establishing exchange posts 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 checking accounts (CCME) and intermediation of operations. The company has already started collaborations for tourism exchange and fast remittances, as well as negotiations with banks to offer CCME, aiming to expand its range of services and provide a complete and efficient experience to its customers.
