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, currency exchange broker that received its operating license from the Central Bank in May 2024. Based in São 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 currency solutions to its clients
Freex is controlled by BSP Holding and the American entrepreneur Johnathan Palmer, with Westbull Financial LLC as the main investor. Since the approval of the 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", since the beginning of our activities, we can offer professional currency solutions that reflect our values of transparency, agility and freedom for our partners and clients,"said 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 plan for international growth, with the intention of establishing exchange offices in Miami, Dubai, Singapore and China by the end of 2025
To stand out in the market, Freex is forming strategic partnerships with financial institutions for the offering of foreign currency checking accounts (CCME) and the intermediation of operations. The company has already started collaborations for tourism exchange and fast remittances, in addition to negotiations with banks for the offer of CCME, aiming to expand its range of services and provide a complete and efficient experience to its clients
